About Shanti Spintex
Shanti Spintex is a publicly listed company based in Ahmedabad (India) founded in 2010. Manufacturer of eco-friendly denim textiles. The company has 10 employees. Its Indian entity Shanti Spintex Limited reported revenue of ₹709 Cr. Shanti Spintex offers products and services including Denim Fabrics, Denim Shades, Denim Process, Denim Weight, and Denim Finish. Its focus areas include Consumer Goods, Home Furnishing Products, Home Textiles and Multi-Category. Its competitors include eha, Orbit Exports and Karighar; 1 of its 3 listed competitors has raised funding.
Company details
Shanti Spintex Limited is a leading producer of eco-friendly denim textiles, focusing on blending fashion-forward innovation with a planet-first ethos. They pride themselves on crafting fabrics that epitomize seamless endurance and excellence.
- Headquarters Ahmedabad, India
- Employees 10
- Stage Public
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website shantispintex.com
- Legal Name Shanti Spintex Ltd.
- Market Cap₹57.25 Cr
SHANTIDENM · BSE
- Share Price₹33.90
0.00% today
- Revenue₹704 Cr
FY 2025-26
- EBITDA₹16.11 Cr
Margin 2.3%
- Net Profit₹7.30 Cr
FY 2025-26
- P/E (TTM)7.9x
P/B 0.5x
- ROE6.9%
ROCE 8.2%
- Debt / Equity0.45
Interest cover 26.7x
- Employee Count10
Associated legal entities of Shanti Spintex
Shanti Spintex is associated with 2 registered companies on The Company Check; the primary company is Shanti Spintex Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shanti Spintex Limited Listed CIN L17120GJ2010PLC062084 | Active | 23 Aug 2010 | Ahmedabad, Gujarat | ₹709 Cr | 10 | 7 | View details |
| Shanti Fabrics Private Limited CIN U18101WB2007PTC115565 | Active | 07 May 2007 | Kolkata, West Bengal | ₹7.7 Cr | 13 | 2 | View details |
Products & Services of Shanti Spintex
Shanti Spintex offers a comprehensive portfolio of products and services, including Denim Fabrics, Denim Shades, Denim Process, Denim Weight, and Denim Finish.
Eco-friendly materials for fashion and apparel use
Various color options in sustainable denim
Innovative methods for denim production
Different weights of eco-friendly denim fabrics
Finishing options for durable denim materials
Board of directors of Shanti Spintex Limited (Shanti Spintex)
Shanti Spintex Limited is the primary company behind Shanti Spintex. The boards of the 2 registered companies of Shanti Spintex currently have 7 directors; the longest-serving is Neelabh Jain, appointed in 2011. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Neelabh Jain DIN 03510245 | Director | 25 Apr 2011 | 15 yrs 6 mo | Shanti Fabrics Private Limited |
| Bharat Bhushan Omprakash Agarwal DIN 00302785 | Whole-time director | 20 Aug 2014 | 12 yrs 2 mo | Shanti Spintex Limited |
| Rikin Bharatbhushan Agarwal DIN 02435645 | Managing Director | 20 Aug 2014 | 12 yrs 2 mo | Shanti Spintex Limited |
| Gunjan Jain DIN 08006399 | Director | 30 Nov 2017 | 8 yrs 11 mo | Shanti Fabrics Private Limited |
| Kruti Vyas DIN 10299486 | Director | 31 Aug 2023 | 3 yrs 2 mo | Shanti Spintex Limited |
| Monika Gaurav Gupta DIN 07224521 | Director | 22 Jun 2024 | 2 yrs 4 mo | Shanti Spintex Limited |
| Urmila Bharatbhushan Agarwal DIN 01909441 | Director | 03 Jan 2025 | 1 yr 10 mo | Shanti Spintex Limited |
IPO & Listings of Shanti Spintex
Shanti Spintex is a publicly listed company on the BSE with ticker symbol SHANTIDENM in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date27 Dec 2023
- Listed onBSE: 544059
- Listed entityShanti Spintex Ltd.
- Exchange sectorProcess industries
- ISININE0QZQ01019
- Share price₹28.63 (-10.53% on the day) · 2026-10-13
- Market capitalisation₹54.0 Cr
- Price to earnings4.9
- EPS (diluted, trailing year)₹5.87
- Volume (last session)14,000
Financials of Shanti Spintex
Exchange-reported figures of Shanti Spintex Limited, the listed company behind Shanti Spintex (BSE: SHANTIDENM).
Financial Highlights
FY 2025-26 · ConsolidatedFinancial summary ₹ Cr
| Metrics | FY 2025-26 |
|---|---|
| Income statement | |
| Revenue | 704 |
| EBITDA | 16.11 |
| EBITDA margin | +2.3% |
| Profit before tax | 12.06 |
| Net profit | 7.30 |
| Net profit margin | +1.0% |
| EPS (₹) | 5.87 |
| Balance sheet | |
| Total assets | 154 |
| Net worth | 106 |
| Total debt | 47.13 |
| Cash & bank | 0.47 |
| Net working capital | 65.74 |
| Cash flow | |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 683 | 710 | 506 | 370 | 255 | 113 | 86.90 |
| Revenue growth | -3.8% | +40.4% | +36.6% | +45.3% | +126.0% | +29.8% | - |
| EBITDA | 8.88 | 19.80 | 24.64 | 21.66 | 11.93 | 11.31 | 6.49 |
| EBITDA margin | +1.3% | +2.8% | +4.9% | +5.9% | +4.7% | +10.0% | +7.5% |
| Profit before tax | 5.86 | 13.56 | 17.89 | 14.13 | 5.79 | 4.68 | 1.62 |
| Net profit | 1.75 | 10.08 | 12.29 | 10.12 | 4.89 | 3.37 | 4.67 |
| Net profit margin | +0.3% | +1.4% | +2.4% | +2.7% | +1.9% | +3.0% | +5.4% |
| EPS (₹) | 2.66 | 6.04 | 7.71 | 14.26 | 6.85 | 4.75 | 6.59 |
| Balance sheet | |||||||
| Total assets | 140 | 111 | 110 | 98.15 | 94.99 | 84.20 | 74.85 |
| Net worth | 100 | 96.77 | 86.57 | 56.10 | 46.23 | 41.36 | 35.27 |
| Total debt | 39.48 | 13.68 | 22.21 | 41.77 | 48.69 | 42.79 | 39.31 |
| Cash & bank | 0.02 | 7.91 | 5.03 | 4.85 | 3.14 | 5.95 | 1.61 |
| Net working capital | 63.72 | 54.03 | 49.53 | 37.55 | 34.33 | 30.54 | 14.99 |
| Cash flow | |||||||
| Cash from operations | (2.35) | 17.23 | 6.97 | 16.89 | 5.27 | 3.46 | 8.04 |
| Cash from investing | (2.42) | (0.31) | (4.86) | (14.55) | (0.22) | 0.05 | 3.30 |
| Cash from financing | (3.13) | (14.03) | (1.93) | (0.64) | (7.85) | 0.82 | (11.46) |
Financial Statements
| Particulars | FY 2025-26 |
|---|---|
| Revenue | 704 |
| Other income | 4.33 |
| Total expenses | 688 |
| Employee cost | 3.03 |
| EBITDA | 16.11 |
| EBITDA margin | +2.3% |
| Depreciation | 5.57 |
| Interest | 2.81 |
| Profit before tax | 12.06 |
| Tax | 2.13 |
| Net profit | 7.30 |
| Net profit margin | +1.0% |
| EPS (₹) | 5.87 |
| Particulars | FY 2025-26 |
|---|---|
| Equity & liabilities | |
| Share capital | 16.89 |
| Reserves & surplus | 88.86 |
| Shareholders' funds (net worth) | 106 |
| Minority interest | 0.00 |
| Secured loans | 44.98 |
| Unsecured loans | 2.15 |
| Total debt | 47.13 |
| Total liabilities | 154 |
| Assets | |
| Gross block | 114 |
| Net block | 73.76 |
| Capital work in progress | 0.00 |
| Investments | 21.30 |
| Inventories | 11.08 |
| Sundry debtors | 114 |
| Cash & bank balances | 0.47 |
| Loans & advances | 7.65 |
| Total current assets | 134 |
| Total current liabilities | 67.83 |
| Net working capital | 65.74 |
| Total assets | 154 |
| Particulars | FY 2025-26 |
|---|---|
| Growth | |
| PBT growth | +9997.0% |
| Profitability & leverage | |
| Net income margin | +1.4% |
| Return on capital employed | +8.2% |
| Return on net worth | +6.9% |
| Debt / equity | 0.45 |
| Long-term debt / equity | 0.07 |
| Interest cover | 26.66 |
| Efficiency & per share | |
| Fixed asset turnover | 6.17 |
| Inventory turnover | 63.56 |
| Debtors turnover | 6.16 |
| EPS (₹) | 5.87 |
| Dividend per share (₹) | 0.00 |
| Book value per share (₹) | 62.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 683 | 710 | 506 | 370 | 255 | 113 | 86.90 |
| Revenue growth | -3.8% | +40.4% | +36.6% | +45.3% | +126.0% | +29.8% | - |
| Other income | 4.26 | 0.52 | 1.25 | 0.38 | 0.36 | 0.14 | 3.67 |
| Total expenses | 674 | 690 | 481 | 349 | 243 | 101 | 80.41 |
| Employee cost | 2.46 | 2.10 | 2.07 | 2.49 | 2.19 | 2.01 | 2.66 |
| EBITDA | 8.88 | 19.80 | 24.64 | 21.66 | 11.93 | 11.31 | 6.49 |
| EBITDA margin | +1.3% | +2.8% | +4.9% | +5.9% | +4.7% | +10.0% | +7.5% |
| Depreciation | 5.08 | 5.04 | 4.77 | 4.52 | 4.08 | 4.09 | 6.77 |
| Interest | 2.20 | 1.72 | 3.23 | 3.39 | 2.42 | 2.68 | 1.77 |
| Profit before tax | 5.86 | 13.56 | 17.89 | 14.13 | 5.79 | 4.68 | 1.62 |
| Tax | 1.39 | 3.38 | 4.88 | 4.01 | 0.90 | 1.31 | (3.05) |
| Net profit | 1.75 | 10.08 | 12.29 | 10.12 | 4.89 | 3.37 | 4.67 |
| Net profit margin | +0.3% | +1.4% | +2.4% | +2.7% | +1.9% | +3.0% | +5.4% |
| EPS (₹) | 2.66 | 6.04 | 7.71 | 14.26 | 6.85 | 4.75 | 6.59 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 16.89 | 16.89 | 16.89 | 7.10 | 7.10 | 7.10 | 7.10 |
| Reserves & surplus | 83.40 | 79.88 | 69.68 | 49.00 | 39.13 | 34.26 | 28.17 |
| Shareholders' funds (net worth) | 100 | 96.77 | 86.57 | 56.10 | 46.23 | 41.36 | 35.27 |
| Secured loans | 37.33 | 11.53 | 20.06 | 35.75 | 42.49 | 40.09 | 35.94 |
| Unsecured loans | 2.15 | 2.15 | 2.15 | 6.02 | 6.20 | 2.70 | 3.37 |
| Total debt | 39.48 | 13.68 | 22.21 | 41.77 | 48.69 | 42.79 | 39.31 |
| Total liabilities | 140 | 111 | 110 | 98.15 | 94.99 | 84.20 | 74.85 |
| Assets | |||||||
| Gross block | 97.49 | 97.14 | 96.52 | 88.58 | 72.80 | 72.80 | 73.69 |
| Net block | 58.17 | 62.90 | 67.32 | 64.15 | 52.89 | 56.97 | 54.09 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.27 | 0.00 | 0.00 |
| Investments | 25.35 | 1.48 | 0.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Inventories | 10.97 | 21.70 | 18.49 | 18.85 | 6.89 | 3.21 | 4.77 |
| Sundry debtors | 114 | 68.62 | 89.69 | 67.53 | 51.71 | 37.97 | 24.83 |
| Cash & bank balances | 0.02 | 7.91 | 5.03 | 4.85 | 3.14 | 5.95 | 1.61 |
| Loans & advances | 5.49 | 12.96 | 11.86 | 16.67 | 7.94 | 13.03 | 10.90 |
| Total current assets | 131 | 111 | 125 | 108 | 69.68 | 60.16 | 42.11 |
| Total current liabilities | 66.79 | 57.16 | 75.54 | 70.35 | 35.35 | 29.62 | 27.12 |
| Net working capital | 63.72 | 54.03 | 49.53 | 37.55 | 34.33 | 30.54 | 14.99 |
| Total assets | 140 | 111 | 110 | 98.15 | 94.99 | 84.20 | 74.85 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 7.91 | 5.03 | 4.85 | 3.14 | 5.95 | 1.61 | 1.72 |
| Net cash from operating activities | (2.35) | 17.23 | 6.97 | 16.89 | 5.27 | 3.46 | 8.04 |
| Net cash from investing activities | (2.42) | (0.31) | (4.86) | (14.55) | (0.22) | 0.05 | 3.30 |
| Net cash from financing activities | (3.13) | (14.03) | (1.93) | (0.64) | (7.85) | 0.82 | (11.46) |
| Net change in cash | (7.89) | 2.88 | 0.19 | 1.71 | (2.81) | 4.33 | (0.11) |
| Closing cash | 0.02 | 7.91 | 5.03 | 4.85 | 3.14 | 5.95 | 1.61 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -3.8% | +40.4% | +36.6% | +45.3% | +126.0% | +29.8% | - |
| EBITDA growth | -55.2% | -19.6% | +13.8% | +81.6% | +5.5% | +74.3% | - |
| PBT growth | -56.8% | -24.2% | +26.6% | +144.0% | +23.7% | +188.9% | +9997.0% |
| Net income growth | -82.6% | -18.0% | +21.4% | +107.0% | +45.1% | -27.8% | - |
| Revenue CAGR (3Y) | +22.6% | +40.7% | +64.9% | +62.1% | - | - | - |
| EBITDA CAGR (3Y) | -25.7% | +18.4% | +29.6% | +49.4% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +0.7% | +1.4% | +2.6% | +2.7% | +1.9% | +3.0% | +5.4% |
| Return on capital employed | +4.7% | +13.9% | +20.3% | +18.2% | +9.1% | +9.3% | +4.5% |
| Return on net worth | +1.8% | +11.1% | +18.3% | +19.8% | +11.1% | +8.8% | +13.3% |
| Debt / equity | 0.27 | 0.20 | 0.45 | 0.88 | 1.04 | 1.07 | 1.11 |
| Long-term debt / equity | 0.00 | 0.06 | 0.24 | 0.53 | 0.64 | 0.72 | 0.82 |
| Interest cover | 57.89 | 11.65 | 16.26 | 19.78 | 30.83 | 37.12 | -632.14 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 7.02 | 7.33 | 5.47 | 4.59 | 3.50 | 1.54 | 1.18 |
| Inventory turnover | 41.80 | 35.33 | 27.09 | 28.77 | 50.48 | 28.27 | 18.22 |
| Debtors turnover | 7.48 | 8.97 | 6.43 | 6.21 | 5.68 | 3.59 | 3.50 |
| EPS (₹) | 2.66 | 6.04 | 7.71 | 14.26 | 6.85 | 4.75 | 6.59 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 59.38 | 57.30 | 51.26 | 79.01 | 65.11 | 58.26 | 49.67 |
Competitors of Shanti Spintex
Shanti Spintex has 3 listed competitors in our database, 1 of them funded. They include eha, Orbit Exports and Karighar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| eha.eco | 2015 | Bengaluru, India | $818,934 | 2 | Online platform offering a wide range of eco-friendly kitchen and garden supplies | |
| orbitexports.com | 1983 | Mumbai, India | 7 | Orbit Exports is recognized as a leading fabric exporter from India. | ||
| karighar.co.in | 2018 | New Delhi, India | 81 | Sells handcrafted lifestyle items, supports artisans, focuses on eco-friendly production. |
Detailed competitors of Shanti Spintex
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Top companies in Home & Living Products
3 companies that operate in the same segment as Shanti Spintex (Home & Living Products) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
Multi-category products are rented via subscription model. | 2014 | Bengaluru, Karnataka, India | USD 58.71 M | USD 14.82 M | 422 | |
Internet-first brand offering multi-category home furniture | 2012 | Bengaluru, Karnataka, India | USD 108.06 M | USD 35.34 B | 43,024 |
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Frequently Asked Questions about Shanti Spintex
Shanti Spintex was founded in 2010.
Shanti Spintex is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Shanti Spintex has 10 employees.
The primary company behind Shanti Spintex, Shanti Spintex Limited, reported revenue of ₹709 Cr for FY 2026, up 9997% year on year.
Shanti Spintex Limited is a leading producer of eco-friendly denim textiles, focusing on blending fashion-forward innovation with a planet-first ethos. They pride themselves on crafting fabrics that epitomize seamless endurance and excellence.
Shanti Spintex's top competitors include Karighar, Orbit Exports and eha.
Shanti Spintex offers Denim Fabrics, Denim Shades, Denim Process, Denim Weight, and Denim Finish.
Yes, Shanti Spintex is publicly traded on BSE under the ticker symbol SHANTIDENM.
Shanti Spintex is associated with 2 legal entities: Shanti Spintex Limited, Shanti Fabrics Private Limited.
The legal entities of Shanti Spintex currently have 8 directors, including Bharat Bhushan Omprakash Agarwal, Rikin Bharatbhushan Agarwal, Urmila Bharatbhushan Agarwal and others.