About Shanti Spintex Limited
Data last updated:
Shanti Spintex Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the textile segment of the manufacturing sector. It was incorporated on 23 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L17120GJ2010PLC062084. Its GSTIN is 24AAOCS8908E1Z3 (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 544059.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹16.89 Cr. It is led by directors including Rikin Bharatbhushan Agarwal (Managing Director) and Bharat Bhushan Omprakash Agarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 11 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Integrated Spinning Park, Ahmedabad, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹704.21 Cr. For the same year it recorded a net profit of ₹7.3 Cr (net margin 1%) and EBITDA of ₹16.11 Cr (EBITDA margin 2.3%). The net worth stands at ₹105.75 Cr. Total assets are valued at ₹153.62 Cr.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shanti Spintex. As per MCA filings, the company has open charges of ₹75 Cr and satisfied charges of ₹51.72 Cr on record. The company has 6 deals on record (5 market trades, 1 ipo); the latest was in August 2026. Its 7 peer companies in the Apparel industry (Denim Wear), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 4 smaller; the largest is Vishal Fabrics Limited with revenue of ₹1,521.43 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 7 overdue payments to 3 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 shantispintex.com.
Company details
CIN history
Shanti Spintex has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L17120GJ2010PLC062084, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17120GJ2010PLC062084 | Current |
| U17120GJ2010PLC062084 | Previous |
| U17120GJ2010PTC062084 | Previous |
Contact details
Shanti Spintex Limited's registered office is in Ahmedabad, Gujarat.
- Registered AddressSub Plot 1 Unit 1 Survey No. 297 Dholi – Integrated Spinning Park Limited Dholi, Dholka, Ahmedabad, Gujarat, India – 382240
- IndustryManufacturing, Textile
- 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
Brands
Shanti Spintex operates one associated brand: Shanti Spintex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of eco-friendly denim textiles | shantispintex.com |
Business activity
The main business activity of Shanti Spintex is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Shanti Spintex Limited, buy the company report.
Financials of Shanti Spintex Limited
FY 2025-26 filings availableShanti Spintex Limited reported revenue of ₹704.21 Cr for FY 2025-26.
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 |
To see the full year-wise statements and ratios of Shanti Spintex Limited, buy the company report.
Board of directors of Shanti Spintex Limited
Shanti Spintex has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Bhushan Omprakash Agarwal Also directs: Sunrise Wealth Advisors LLP, Dulari Fabrics Private Limited, Rikin Fabrics Private Limited and 5 more | Whole-Time Director | 20 Aug 2014 | 12 Years 2 Months | Current |
| Rikin Bharatbhushan Agarwal Also directs: Rikin Fabrics Private Limited, Jagson Textiles Limited, Teesta Spintex Private Limited and 4 more | Managing Director | 20 Aug 2014 | 12 Years 2 Months | Current |
| Urmila Bharatbhushan Agarwal Also directs: Dulari Fabrics Private Limited, Jaidadi Ki Enterprise LLP | Director | 03 Jan 2025 | 1 Years 10 Months | Current |
| Monika Gaurav Gupta | Director | 22 Jun 2024 | 2 Years 4 Months | Current |
| Kruti Vyas Also directs: Bansal Multiflex Limited | Director | 31 Aug 2023 | 3 Years 2 Months | Current |
Peer comparison
Shanti Spintex Limited is compared with the 7 companies closest to it by revenue in the Apparel industry (Denim Wear), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vishal Fabrics Limited | ₹1,521.43 Cr (FY 2025) | 5.0% | Sanand, Gujarat, India | |||
| Raymond Uco Denim Private Limited | ₹971.21 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Bhaskar Industries Private Limited | ₹765.44 Cr (FY 2025) | 5.0% | Bhopal, Madhya Pradesh, India | |||
| Shanti Spintex Limitedthis company | ₹704.21 Cr (FY 2026) | ₹7.3 Cr | 1% | Ahmedabad, Gujarat, India | ||
| R & B Denims Limited | ₹382.88 Cr (FY 2025) | 9.0% | Surat, Gujarat, India | |||
| Super Gold Suitings Private Limited | ₹369.32 Cr (FY 2025) | 27.0% | Bhilwara, Rajasthan, India | |||
| Nova Textiles Private Limited | ₹283.02 Cr (FY 2025) | -39.0% | Mumbai, Maharashtra, India | |||
| Signet Denim Private Limited | ₹242.2 Cr (FY 2025) | 20.0% | Bhilwara, Rajasthan, India |
To see the full peer comparison of Shanti Spintex Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Mar 2026 | 101259246 | Others | ₹30 Cr | Open | |
| 07 Oct 2024 | 100992116 | Others | ₹45 Cr | Open | |
| 08 Mar 2022 | 100570670 | State Bank of India | ₹10.3 Cr | Satisfied | |
| 22 Dec 2020 | 100434325 | State Bank of India | ₹10.68 Cr | Satisfied | |
| 29 Aug 2020 | 100434165 | State Bank of India | ₹10.68 Cr | Satisfied |
To see the full charge records of Shanti Spintex Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Shanti Spintex Limited has 6 deals on record (5 market trades, 1 ipo); the latest was in August 2026.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹1.04 Cr | Buyer: an individual Seller: an individual |
| Jan 2025 | Market trade | ₹1.04 Cr | Buyer: an individual Seller: an individual |
| Mar 2024 | Market trade | ₹1.21 Cr | Buyer: an individual Seller: an individual |
| Dec 2023 | Market trade | ₹1.78 Cr | Buyer: S S Corporate Securities Limited , an individual Seller: Moneyywise Financial Services Pvt Ltd, Stci Primary Dealer Limited |
| Dec 2023 | IPO | ₹31.25 Cr | Investors: 3 Sigma Global Fund, Finavenue Capital Trust - FinaVenue Growth Fund, Moneywise Financial Services Private Limited Seller: Chiripal Exim LLP , an individual |
To see the full deal history of Shanti Spintex Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Shanti Spintex Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Shanti Spintex Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 7 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| K.S. Solution | |||
| Integrum Energy Infrastructure Limited |
To see the full MSME payment records of Shanti Spintex Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Shanti Spintex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAOCS8908E1Z3 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shanti Spintex Limited, buy the company report.
Recent activity
Shanti Spintex Limited has 9 board changes on record since 2014: 5 appointments and 4 cessations. The latest: Urmila Bharatbhushan Agarwal was appointed as Director on 03 Jan 2025.
14 earlier events are in the company report.
Frequently asked questions
Shanti Spintex is an active public limited company based in Ahmedabad, Gujarat, India. The company works in textile, within the manufacturing industry. It was incorporated on 23 August 2010 (16+ years old) and is registered under CIN L17120GJ2010PLC062084. Listed on BSE: 544059.
Shanti Spintex reported revenue of ₹704.21 Cr for FY 2025-26 based on consolidated financials.
Shanti Spintex has 5 current directors:
- Rikin Bharatbhushan Agarwal - Managing Director
- Bharat Bhushan Omprakash Agarwal - Whole-Time Director
- Urmila Bharatbhushan Agarwal - Director
- Monika Gaurav Gupta - Director
- Kruti Vyas - Director
The latest financial statements of Shanti Spintex on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 11 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Shanti Spintex is 24AAOCS8908E1Z3, registered in Gujarat.
The CIN (Corporate Identification Number) of Shanti Spintex is L17120GJ2010PLC062084. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Shanti Spintex is a listed company as per MCA records. Its shares are listed on BSE (code: 544059).
Shanti Spintex was incorporated on 23 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Shanti Spintex has 6 deals on record (5 market trades, 1 ipo); the latest was in August 2026.
The peers of Shanti Spintex by revenue are Vishal Fabrics Limited, Raymond Uco Denim Private Limited, Bhaskar Industries Private Limited, R & B Denims Limited, Super Gold Suitings Private Limited and 2 more, all in the Apparel industry (Denim Wear), with the same principal business activity (textile, leather and other apparel products).
Urmila Bharatbhushan Agarwal was appointed as Director on 03 Jan 2025. Monika Gaurav Gupta was appointed as Director on 22 Jun 2024. Sejal Ronak Agrawal ceased to be Director on 14 Jun 2024. Shanti Spintex has 9 board changes on record in total.
Shanti Spintex has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 7 overdue payments to 3 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
