Salona Cotspin Limited

BSE: 590056 NSE: SALONA
Salona Cotspin Limited - manufacturing in Sathyamangalam, Tamil Nadu, India. FY 2026 financials & compliance.
CIN L17111TZ1994PLC004797 Incorporated 18 January 1994 ROC Coimbatore HQ Sathyamangalam, Tamil Nadu, India
Active Listed - NSE: SALONA · BSE: 590056 Public Limited Company manufacturing
Data last updated
Market Cap
₹140 Cr
SALONA · NSE
Share Price
₹266.49
-0.56% today
Revenue
₹594 Cr
FY 2025-26 · -10.3% YoY
EBITDA
₹34.31 Cr
Margin 5.8%
Net Profit
₹1.21 Cr
FY 2025-26 · -61.2% YoY
P/E (TTM)
60.4x
P/B 1.7x
ROE
1.9%
ROCE 8.2%
Debt / Equity
2.57
Interest cover 82.5x

About Salona Cotspin Limited

Data last updated:

Salona Cotspin Limited is a public limited company based in Sathyamangalam, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 18 January 1994 and has been in existence for over 32 years.

The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN L17111TZ1994PLC004797. Its GSTIN is 33AACCS4554N1Z3 (Tamil Nadu). The company holds 5 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 590056 and NSE: SALONA.

The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.26 Cr. It was formerly known as Salona Cotspin Pvt Limited. It is led by directors including Shyam Lal Agarwala (Managing Director) and Manoj Kumar Jhajharia (Managing Director).

Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Sf No 74/12 & 75/3 Sathy Road Pungampalli Village, Sathyamangalam, Tamil Nadu, India – 638402.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹593.82 Cr, a decline of 10.3% compared to the previous year. For the same year it recorded a net profit of ₹1.21 Cr (net margin 0.2%) and EBITDA of ₹34.31 Cr (EBITDA margin 5.8%). The net worth stands at ₹83.78 Cr (up 1.5% YoY). Total assets are valued at ₹277.63 Cr (down 14.6% YoY).

The company has about 380 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Salona and Salona Group. As per MCA filings, the company has open charges of ₹621.4 Cr and satisfied charges of ₹77.69 Cr on record. Court records list 82 cases involving the company, including 65 filed by the company and 17 filed against it; 8 cases are pending. The company has 16 deals on record (16 market trades); the latest was in October 2023. Its 3 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (manufacture of textiles) are compared by revenue, 1 larger and 2 smaller; the largest is BSL Ltd with revenue of ₹667.78 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 3 overdue payments to 2 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website salonacotspin.com.

Company details

CIN L17111TZ1994PLC004797
Registration Number 004797
Incorporation Date 18 January 1994
ROC Coimbatore
Listing Status Listed - Listed on NSE (SALONA); Listed on BSE (590056)
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Salona Cotspin has one previous CIN (Corporate Identification Number): U17111TZ1994PLC004797. The current CIN is L17111TZ1994PLC004797, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L17111TZ1994PLC004797Current
U17111TZ1994PLC004797Previous
Key People
Shyam Lal Agarwala Managing Director Manoj Kumar Jhajharia Managing Director Hari Desikan Ganesh Director

Contact details

Salona Cotspin Limited's registered office is in Sathyamangalam, Tamil Nadu. Its website is salonacotspin.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    salonacotspin.com
  • Registered Address
    Sf No 74/12 & 75/3 Sathy Road Pungampalli Village, Sathyamangalam, Tamil Nadu, India – 638402
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Salona Cotspin Limited, buy the company report.

Comprehensive company report
Salona Cotspin Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Salona Cotspin operates two associated brands: Salona and Salona Group. Each brand links to its own profile.

BrandDescriptionWebsite
Salona
Yarn, fabrics, and related products are manufactured under contract.salonagroup.com
Salona Group
Yarn and fabric manufacturing focused on sustainability and advanced technology in India.salonacotspin.com

Business activity

The main business activity of Salona Cotspin is manufacturing. In detail, this covers manufacture of textiles.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing13Manufacture of textiles

To see the full business activity and turnover split of Salona Cotspin Limited, buy the company report.

Financials of Salona Cotspin Limited

FY 2025-26 filings available

Salona Cotspin Limited reported revenue of ₹593.82 Cr (down 10.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹594 Cr
-10.3% YoY
EBITDA
₹34.31 Cr
+7.3% YoY
Profit After Tax
₹1.21 Cr
-61.2% YoY
Net Worth
₹83.78 Cr
+1.5% YoY
Total Assets
₹278 Cr
-14.6% YoY
Total Debt
₹190 Cr
-20.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue594662722487647230122
Revenue growth-10.3%-8.3%+48.3%-24.8%+181.2%+88.9%-
EBITDA34.3131.9730.2334.8437.3914.768.55
EBITDA margin+5.8%+4.8%+4.2%+7.2%+5.8%+6.4%+7.0%
Profit before tax4.795.538.4120.2626.747.751.90
Net profit1.213.126.1317.5719.756.171.18
Net profit margin+0.2%+0.5%+0.9%+3.6%+3.1%+2.7%+1.0%
EPS (₹)2.935.8811.5032.9737.1411.632.20
Balance sheet
Total assets27832534023319711672.99
Net worth83.7882.5879.7774.1857.2438.0232.09
Total debt19023925715713976.6640.27
Cash & bank2.262.111.150.800.400.530.57
Net working capital15620322717915688.7647.92
Cash flow
Cash from operations79.2763.74(11.90)(5.01)(34.78)(23.72)14.30
Cash from investing(9.83)(26.11)(71.91)(3.39)(19.51)(5.32)0.08
Cash from financing(69.46)(37.57)83.818.3954.1629.05(14.26)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue197110155171157148158166
Revenue growth (YoY)+25.1%-25.3%-1.8%+2.8%-17.3%---
Other income0.050.240.240.040.04(0.03)0.100.05
Total expenses186102148162147142149158
EBITDA10.688.097.658.929.655.989.328.22
EBITDA margin+5.4%+7.3%+4.9%+5.2%+6.1%+4.0%+5.9%+5.0%
Depreciation2.492.932.382.562.242.311.811.82
Interest5.424.634.685.235.445.125.773.64
Profit before tax2.820.770.831.172.01(1.48)1.842.81
Tax0.562.130.520.100.491.430.260.62

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue197110155171157148158166
Revenue growth (YoY)+25.1%-25.3%-1.8%+2.8%-17.3%---
Other income0.050.240.240.040.04(0.03)0.100.05
Total expenses186102148162147142149158
EBITDA10.688.097.658.929.655.989.328.22
EBITDA margin+5.4%+7.3%+4.9%+5.2%+6.1%+4.0%+5.9%+5.0%
Depreciation2.492.932.382.562.242.311.811.82
Interest5.424.634.685.235.445.125.773.64
Profit before tax2.820.770.831.172.01(1.48)1.842.81
Tax0.562.130.520.100.491.430.260.62
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue594662722487647230122
Revenue growth-10.3%-8.3%+48.3%-24.8%+181.2%+88.9%-
Other income0.560.150.250.290.060.110.08
Total expenses560630692452610215113
Employee cost18.1711.9910.629.477.855.576.14
EBITDA34.3131.9730.2334.8437.3914.768.55
EBITDA margin+5.8%+4.8%+4.2%+7.2%+5.8%+6.4%+7.0%
Depreciation10.117.746.865.473.332.662.65
Interest19.9718.8515.219.407.384.464.08
Profit before tax4.795.538.4120.2626.747.751.90
Tax3.232.402.282.696.961.560.72
Net profit1.213.126.1317.5719.756.171.18
Net profit margin+0.2%+0.5%+0.9%+3.6%+3.1%+2.7%+1.0%
EPS (₹)2.935.8811.5032.9737.1411.632.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital5.335.335.335.335.335.335.33
Reserves & surplus78.4577.2574.4468.8551.9132.6926.76
Shareholders' funds (net worth)83.7882.5879.7774.1857.2438.0232.09
Secured loans66.3678.2485.9639.7832.0815.2638.40
Unsecured loans12316017111710761.401.87
Total debt19023925715713976.6640.27
Total liabilities27832534023319711672.99
Assets
Gross block22319815411711494.9390.04
Net block12210670.4840.5442.8126.6423.92
Capital work in progress2.3918.1935.630.270.000.000.00
Investments0.010.000.010.010.010.010.01
Inventories58.5965.8059.3256.4762.9242.7736.66
Sundry debtors79.3311714412296.2153.4713.51
Cash & bank balances2.262.111.150.800.400.530.57
Loans & advances35.2041.5043.0433.5423.9613.256.29
Total current assets17522624821318311057.03
Total current liabilities19.5023.1620.1733.6927.8621.269.11
Net working capital15620322717915688.7647.92
Total assets27832534023319711672.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.110.060.060.070.210.190.08
Net cash from operating activities79.2763.74(11.90)(5.01)(34.78)(23.72)14.30
Net cash from investing activities(9.83)(26.11)(71.91)(3.39)(19.51)(5.32)0.08
Net cash from financing activities(69.46)(37.57)83.818.3954.1629.05(14.26)
Net change in cash(0.02)0.05(0.01)(0.01)(0.13)0.010.12
Closing cash2.262.111.150.800.400.530.57
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-10.3%-8.3%+48.3%-24.8%+181.2%+88.9%-
EBITDA growth+7.3%+5.8%-13.2%-6.8%+153.3%+72.6%-
PBT growth-13.4%-34.2%-58.5%-24.2%+245.0%+307.9%-17.8%
Net income growth-61.2%-49.1%-65.1%-11.0%+220.1%+422.9%-
Revenue CAGR (3Y)+6.8%+0.8%+46.4%+58.7%+69.5%+29.2%+0.1%
EBITDA CAGR (3Y)-0.5%-5.1%+27.0%+59.7%+54.9%+16.5%-0.2%
Profitability & leverage
Net income margin+0.3%+0.5%+0.9%+3.6%+3.1%+2.7%+1.0%
Return on capital employed+8.2%+7.3%+8.2%+13.8%+21.8%+13.0%+7.7%
Return on net worth+1.9%+3.9%+8.0%+26.7%+41.6%+17.7%+3.7%
Debt / equity2.573.052.692.252.261.671.44
Long-term debt / equity0.710.880.730.480.410.260.24
Interest cover82.5277.8065.0832.0121.6736.8669.15
Efficiency & per share
Fixed asset turnover2.823.775.334.216.192.491.36
Inventory turnover9.5510.5812.488.1612.245.793.30
Debtors turnover6.065.085.424.468.656.877.69
EPS (₹)2.935.8811.5032.9737.1411.632.20
Dividend per share (₹)0.601.001.001.201.201.000.00
Book value per share (₹)157.21154.96149.69139.20107.4171.3460.22

To see the full year-wise statements and ratios of Salona Cotspin Limited, buy the company report.

Board of directors of Salona Cotspin Limited

Salona Cotspin has 11 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Hari Desikan Ganesh
Also directs: Terravault Networks Private Limited, Flibbr Consulting Services Private Limited, Shramy Learning Technologies Private Limited and 1 more
Director25 Jun 20206 Years 4 MonthsCurrent
Shyam Lal Agarwala
Also directs: Shristi Cotspinn Private Limited
Managing Director18 Jan 199729 Years 9 MonthsCurrent
Manoj Kumar Jhajharia
Also directs: Shristi Cotspinn Private Limited, Itf Sourcing LLP
Managing Director26 Sep 199828 Years 1 MonthsCurrent
Arunkumar Jhajharia
Also directs: Shristi Cotspinn Private Limited, Perma Agro Life LLP, Mettle Energy Limited
Director12 Feb 20188 Years 8 MonthsCurrent
Dhiresh JayasiDirector25 Jul 201412 Years 3 MonthsCurrent
Raghav Agarwal
Also directs: Sri Sadhyaa Exports Private Limited
Director14 Nov 20223 Years 11 MonthsCurrent
Showing 6 of 11 current directors. View all directors

Peer comparison

Salona Cotspin Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (manufacture of textiles), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
BSL Ltd₹667.78 Cr (FY 2025)0.0%Bhilwara, Rajasthan, India
Pashupati Cotspin Limited₹650.91 Cr (FY 2025)-3.0%Kadi, Gujarat, India
Bowreah Jute Mills Private Limited₹647.48 Cr (FY 2025)9.0%Kolkata, West Bengal, India
Salona Cotspin Limitedthis company₹593.82 Cr (FY 2026)₹1.21 Cr0.2%-10.3%380Sathyamangalam, Tamil Nadu, India

To see the full peer comparison of Salona Cotspin Limited, buy the company report.

Auditor

Salona Cotspin Limited is audited by Gopalaiyer and Subramanian for the financial year 2025.

Auditor firmFinancial yearFirm registration number
Gopalaiyer and SubramanianFY 2025000960S

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 68.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 34.30%.

Promoters: 68.40%Retail & Others: 34.30%
Sep 2026
QUARTER
68.40% Promoters
34.30% Retail & Others
Promoter holding - history
Now 68.40% · Sep 2026High 68.40% · Mar 2026Low 67.10% · Dec 2025
66%67%68%69%70%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 67.10%Mar 2026: 68.40%Jun 2026: 68.40%Sep 2026: 68.40%68.40%67.10%68.40%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters68.40%68.40%68.40%67.10%
Public31.60%31.60%31.60%32.90%

Charges & borrowings

Open charges
₹621.4 Cr
Satisfied charges
₹77.69 Cr
Breakdown by lending institutions
Others₹322.79 Cr
Hdfc Bank Limited₹232.46 Cr
State Bank of India₹66.15 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Jun 2026101325180Others₹52.26 LakhOpen
23 Jun 2026101329415Others₹3.93 CrOpen
19 Jun 2026101322080Hdfc Bank Limited₹17.64 CrOpen
15 Jun 2026101329414State Bank of India₹6.27 CrOpen
08 Aug 2025101158306Hdfc Bank Limited₹8.71 LakhOpen

To see the full charge records of Salona Cotspin Limited, buy the company report.

Total charge records: 36 View all charges

Deals & funding

Salona Cotspin Limited has 16 deals on record (16 market trades); the latest was in October 2023.

Total deals
16
Market trades
16

Deals on record (5 of 16)

WhenDealAmountParties
Apr 2016Market trade₹30.2 LakhBuyer: Mudra Nivesh Private Limited
Seller: an individual
Aug 2015Market trade₹17.4 LakhSeller: S.K. Yarns Private Limited
Aug 2015Market trade₹21.3 LakhSeller: S.K. Yarns Private Limited
Aug 2015Market trade₹17.5 LakhSeller: S.K. Yarns Private Limited
Aug 2015Market trade₹16.8 LakhSeller: S.K. Yarns Private Limited

To see the full deal history of Salona Cotspin Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Salona Cotspin Limited was last rated by Indiarating on 10 Jul 2020.

Rating agencyRated onRating
Indiarating10 Jul 2020

To see the full credit ratings and regulatory alerts of Salona Cotspin Limited, buy the company report.

MSME payment delays

Salona Cotspin Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 3 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (2 of 2)

SupplierAmount dueDue sinceReported on
Classic Textile Engineers
Fapler Marketing Technologies

To see the full MSME payment records of Salona Cotspin Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Salona Cotspin Limited has a workforce of 380 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.

Employee count
380
Active EPFO establishments
1
Employee growth
49.61%

GST

Salona Cotspin has 5 GST registrations: 2 active and 3 cancelled or inactive.

Total GSTINs
5
Active
2
Cancelled / inactive
3
GSTINStateStatusRegistered on
33AACCS4554N1Z3Tamil NaduActive01 Jul 2017
24AACCS4554N1Z2GujaratActive28 Mar 2023

To see the full GST registrations and return filing status of Salona Cotspin Limited, buy the company report.

Recent activity

Salona Cotspin Limited has 19 board changes on record since 1997: 11 appointments and 8 cessations. The latest: Ramasamy M Shanmugam was appointed as Additional Director on 13 Aug 2026.

Appointed
Ramasamy M Shanmugam was appointed as Additional Director.
Charges
A charge with Others of Rs. 5.00 Cr registered on 03 Apr 1996 with Charge ID 90000610 was modified on 20 Jul 2026.
Charges
A charge with Others amounted to Rs. 0.52 Cr with Charge ID 101325180 was registered on 30 Jun 2026.
Charges
A charge with Others amounted to Rs. 3.93 Cr with Charge ID 101329415 was registered on 23 Jun 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.64 Cr with Charge ID 101322080 was registered on 19 Jun 2026.
Charges
A charge with State Bank Of India amounted to Rs. 6.27 Cr with Charge ID 101329414 was registered on 15 Jun 2026.
Filing
Salona Cotspin Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Coimbatore.
Charges
A charge with Others of Rs. 46.66 Cr registered on 04 Sep 2020 with Charge ID 100394610 was modified on 19 Jan 2026.
AGM
Salona Cotspin Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Appointed
Gaurav Jain was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 101158306 was registered on 08 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.80 Cr with Charge ID 101139278 was registered on 31 Jul 2025.

76 earlier events are in the company report.

News

Salona Cotspin announces board meeting date
02 Feb 2025 · India Infoline

Frequently asked questions

Salona Cotspin is an active public limited company based in Sathyamangalam, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 18 January 1994 (32+ years old) and is registered under CIN L17111TZ1994PLC004797. Listed on BSE: 590056 and NSE: SALONA.

Salona Cotspin reported revenue of ₹593.82 Cr for FY 2025-26 (down 10.3% YoY) based on standalone financials.

Salona Cotspin has 11 current directors:

The latest financial statements of Salona Cotspin on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Salona Cotspin is 33AACCS4554N1Z3, registered in Tamil Nadu. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 24AACCS4554N1Z2 (Gujarat).

The CIN (Corporate Identification Number) of Salona Cotspin is L17111TZ1994PLC004797. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Salona Cotspin is a listed company as per MCA records. Its shares are listed on both BSE (code: 590056) and NSE (symbol: SALONA).

Salona Cotspin has 82 court cases on record: 65 filed by the company and 17 filed against it. 8 are pending. Most are in the high courts.

Salona Cotspin was incorporated on 18 January 1994, making it 32+ years old. It is registered with the Registrar of Companies, Coimbatore.

Salona Cotspin has 16 deals on record (16 market trades); the latest was in October 2023.

The peers of Salona Cotspin by revenue are BSL Ltd, Pashupati Cotspin Limited, Bowreah Jute Mills Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (manufacture of textiles).

Ramasamy M Shanmugam was appointed as Additional Director on 13 Aug 2026. Gaurav Jain was appointed as Director on 23 Aug 2025. Harshidaa Dhiresh Raichura was appointed as Director on 12 Nov 2024. Salona Cotspin has 19 board changes on record in total.