About Spice Islands Industries Limited
Data last updated: 10 January 2026
Spice Islands Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in leather, a part of the broader apparel and fashion sector. Incorporated on 23 December 1988, the company has been in operation for over 38 years.
Registered with ROC Mumbai under CIN L11040MH1988PLC050197. Listed on BSE: 526827.
Capital: an authorised share capital of ₹15 Cr and a paid-up capital of ₹6.23 Cr. Formerly known as Spice Island Apparels Private Limited and Spice Islands Industries Limited. It is led by directors including Faraaz Irfan Chapra and Shikha Sethia.
Last AGM: 19 August 2024. Financial statements filed for year ended 31 March 2024. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.33 Cr, a growth of 23% compared to the previous year.
As per MCA filings, the company has satisfied charges of ₹8.04 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spiceislandsindia.com.
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Registered AddressUnit 3043 – 3048 3Rd Fl Bhandup Industrial Estate Pannalal Silk Mills Compd L.B.S. Marg, Bhandup – W, Mumbai, Maharashtra, India – 400078
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IndustryAppreal & Fashion, Leather, Apparel, Textile
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Spice Islands Industries Limited
Spice Islands Industries Limited has undergone 2 name changes throughout its history. The company was previously known as Spice Island Apparels Private Limited, and Spice Islands Industries Limited. The current legal name is Spice Islands Industries Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Spice Islands Industries Limited | Current |
| Spice Island Apparels Private Limited | Previous |
CIN History of Spice Islands Industries Limited
Spice Islands Industries Limited has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L11040MH1988PLC050197, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L11040MH1988PLC050197 | Current |
| U17121MH1988PLC050197 | Previous |
| L11045MH1988PLC050197 | Previous |
| L17121MH1988PLC050197 | Previous |
Business Activity of Spice Islands Industries Limited
Spice Islands Industries Limited is engaged in the principal business activity of electricity, gas, steam and air condition supply, with detailed activities including electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | ********* |
Auditor Details of Spice Islands Industries Limited
Spice Islands Industries Limited is audited by Giriraj Bang & Co. (ICAI peer reviewed, certificate valid till 2026-08-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Giriraj Bang & Co. (ICAI peer reviewed, certificate valid till 2026-08-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Spice Islands Industries Limited
Spice Islands Industries Limited is currently managed by 7 directors, with 21 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
Financials of Spice Islands Industries Limited FY 2026 filings available
Spice Islands Industries Limited reported revenue of ₹17.89 Cr (up 2197.55% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹17.89 Cr | ₹77.87 Lakh | ₹89.81 Lakh | ₹85.88 Lakh | ₹2.68 Cr | ₹6.6 Cr | ₹15.64 Cr | ₹17.03 Cr |
| Other Income | ₹3.29 Cr | ₹2.2 Cr | ₹43.17 Lakh | ₹22.08 Lakh | ₹11.11 Lakh | ₹15.21 Lakh | ₹49.77 Lakh | ₹55.96 Lakh |
| Total Income | ₹21.18 Cr | ₹2.98 Cr | ₹1.33 Cr | ₹1.08 Cr | ₹2.79 Cr | ₹6.76 Cr | ₹16.13 Cr | ₹17.59 Cr |
| Cost of Materials Consumed | ₹89.95 Lakh | ₹0 | ₹0 | ₹48.96 Lakh | ₹1.61 Cr | ₹3.9 Cr | ₹8.65 Cr | ₹9.29 Cr |
| Purchases of Stock-in-Trade | ₹7.58 Cr | ₹59.57 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹2.14 Lakh | -₹12.86 Lakh | ₹0 | ₹0 | ₹2.8 Lakh | ₹6.43 Lakh | ₹4.17 Lakh | -₹4.11 Lakh |
| Employee Benefit Expense | ₹1.55 Cr | ₹17.11 Lakh | ₹4.26 Lakh | ₹3.8 Lakh | ₹19.61 Lakh | ₹68.75 Lakh | ₹2.58 Cr | ₹4.14 Cr |
| Finance Costs | ₹5.45 Lakh | ₹5.5 Lakh | ₹6.37 Lakh | ₹6 Lakh | ₹7.95 Lakh | ₹7.74 Lakh | ₹18.06 Lakh | ₹35.9 Lakh |
| Depreciation & Amortisation | ₹8.04 Lakh | ₹6.2 Lakh | ₹3.97 Lakh | ₹4.28 Lakh | ₹14.5 Lakh | ₹29.9 Lakh | ₹39.19 Lakh | ₹47.51 Lakh |
| Other Expenses | ₹5.41 Cr | ₹1.1 Cr | ₹86.51 Lakh | ₹55.18 Lakh | ₹2.03 Cr | ₹3.75 Cr | ₹7.17 Cr | ₹7.95 Cr |
| Total Expenses | ₹15.54 Cr | ₹1.86 Cr | ₹1.01 Cr | ₹1.18 Cr | ₹4.09 Cr | ₹8.79 Cr | ₹19.01 Cr | ₹22.18 Cr |
| Profit Before Exceptional Items & Tax | ₹5.64 Cr | ₹1.12 Cr | ₹31.87 Lakh | -₹10.26 Lakh | -₹1.3 Cr | -₹2.03 Cr | -₹2.88 Cr | -₹4.58 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | -₹14.67 Lakh | -₹8.77 Lakh | ₹0 |
| Profit Before Tax | ₹5.64 Cr | ₹1.12 Cr | ₹31.87 Lakh | -₹10.26 Lakh | -₹1.3 Cr | -₹2.18 Cr | -₹2.96 Cr | -₹4.58 Cr |
| Total Tax Expense | -₹2.03 Lakh | ₹64.46 Lakh | ₹0 | ₹1.98 Lakh | ₹1.36 Lakh | ₹0 | -₹2.89 Lakh | -₹67.3 Lakh |
| Net Profit | ₹5.66 Cr | ₹47.73 Lakh | ₹31.87 Lakh | -₹12.24 Lakh | -₹1.32 Cr | -₹2.18 Cr | -₹2.94 Cr | -₹3.91 Cr |
| Other Comprehensive Income | ₹38,000 | ₹38,000 | ₹72,000 | ₹1.81 Lakh | ₹2.49 Lakh | -₹49,000 | -₹20,000 | -₹2 Lakh |
| Total Comprehensive Income | ₹5.67 Cr | ₹48.11 Lakh | ₹32.59 Lakh | -₹10.43 Lakh | -₹1.29 Cr | -₹2.18 Cr | -₹2.94 Cr | -₹3.93 Cr |
| EBITDA (computed) | ₹5.78 Cr | ₹1.24 Cr | ₹42.21 Lakh | ₹2,000 | -₹1.08 Cr | -₹1.66 Cr | -₹2.3 Cr | -₹3.75 Cr |
| Basic EPS | ₹11.45 | ₹1.11 | ₹0.76 | ₹-0.24 | ₹-3.06 | ₹-5.07 | ₹-6.83 | ₹-9.14 |
| Diluted EPS | ₹11.45 | ₹1.11 | ₹0.76 | ₹-0.24 | ₹-3.06 | ₹-5.07 | ₹-6.83 | ₹-9.14 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹17.69 Cr | ₹5.08 Cr | ₹1.29 Cr | ₹1.95 Cr | ₹3.53 Cr | ₹5.04 Cr | ₹8.38 Cr | ₹11.91 Cr |
| Non-current Assets | ₹7.24 Cr | ₹3.07 Cr | ₹98.65 Lakh | ₹1.56 Cr | ₹2 Cr | ₹2.19 Cr | ₹3.25 Cr | ₹3.59 Cr |
| Current Assets | ₹10.45 Cr | ₹1.89 Cr | ₹29.87 Lakh | ₹38.54 Lakh | ₹1.53 Cr | ₹2.76 Cr | ₹5.13 Cr | ₹8.32 Cr |
| Property, Plant & Equipment | ₹1.31 Cr | ₹75.53 Lakh | ₹21.21 Lakh | ₹60.28 Lakh | ₹84.27 Lakh | ₹1.25 Cr | ₹2.08 Cr | ₹2.23 Cr |
| Inventories | ₹18.92 Lakh | ₹12.86 Lakh | ₹0 | ₹0 | ₹1.75 Lakh | ₹10.68 Lakh | ₹73.12 Lakh | ₹1.05 Cr |
| Trade Receivables | ₹2.86 Cr | ₹1.18 Cr | ₹0 | ₹5.53 Lakh | ₹77.46 Lakh | ₹67.88 Lakh | ₹1.12 Cr | ₹2.25 Cr |
| Cash & Equivalents | ₹2.8 Cr | ₹27.81 Lakh | ₹11.5 Lakh | ₹1.06 Lakh | ₹8.86 Lakh | ₹37.61 Lakh | ₹91.76 Lakh | ₹75.79 Lakh |
| Equity (Net Worth) | ₹14.02 Cr | ₹2.36 Cr | -₹29.91 Lakh | -₹62.49 Lakh | -₹52.07 Lakh | ₹77.1 Lakh | ₹2.95 Cr | ₹5.89 Cr |
| Equity Share Capital | ₹6.23 Cr | ₹4.3 Cr | ₹4.3 Cr | ₹4.3 Cr | ₹4.3 Cr | ₹4.3 Cr | ₹4.3 Cr | ₹4.3 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹62.5 Lakh | ₹62.5 Lakh | ₹13.78 Lakh | ₹31 Lakh | ₹2.04 Lakh | ₹13.97 Lakh |
| Borrowings (Current) | ₹59.25 Lakh | ₹1.28 Cr | ₹0 | ₹0 | ₹62.64 Lakh | ₹1.68 Cr | ₹1.78 Cr | ₹3.06 Cr |
| Total Debt (computed) | ₹59.25 Lakh | ₹1.28 Cr | ₹62.5 Lakh | ₹62.5 Lakh | ₹76.42 Lakh | ₹1.99 Cr | ₹1.8 Cr | ₹3.2 Cr |
| Current Liabilities | ₹3.66 Cr | ₹2.71 Cr | ₹80.79 Lakh | ₹1.91 Cr | ₹3.87 Cr | ₹3.9 Cr | ₹5.19 Cr | ₹5.87 Cr |
| Total Liabilities | ₹3.66 Cr | ₹2.72 Cr | ₹1.58 Cr | ₹2.57 Cr | ₹4.05 Cr | ₹4.26 Cr | ₹5.43 Cr | ₹6.01 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹2.94 Cr | ₹30.15 Lakh | -₹1.22 Cr | -₹7.33 Lakh | ₹77.86 Lakh |
| Investing Cash Flow | -₹5.69 Cr | -₹2.91 Cr | ₹36.93 Lakh | ₹15.11 Lakh | ₹15.39 Lakh |
| Financing Cash Flow | ₹5.28 Cr | ₹2.77 Cr | ₹95.52 Lakh | -₹30.25 Lakh | -₹1.21 Cr |
| Capital Expenditure | ₹4.22 Cr | ₹0 | ₹0 | ₹23,000 | ₹12.47 Lakh |
| Free Cash Flow (computed) | -₹1.28 Cr | ₹30.15 Lakh | -₹1.22 Cr | -₹7.56 Lakh | ₹65.39 Lakh |
| Dividends Paid | ₹52.67 Lakh | ₹0 | ₹0 | ₹0 | ₹60,300 |
| Net Change in Cash | ₹2.52 Cr | ₹16.31 Lakh | ₹10.45 Lakh | -₹22.47 Lakh | -₹28.14 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹10.91 Cr | ₹3.32 Cr | ₹1.74 Cr | ₹1.93 Cr | ₹33.95 Lakh | ₹33.46 Lakh | ₹10.03 Lakh | ₹0 |
| Other Income | ₹2 Cr | ₹47.85 Lakh | ₹72.43 Lakh | ₹8.63 Lakh | ₹1.81 Cr | ₹8.51 Lakh | ₹6.48 Lakh | ₹24.37 Lakh |
| Total Income | ₹12.91 Cr | ₹3.8 Cr | ₹2.46 Cr | ₹2.01 Cr | ₹2.15 Cr | ₹41.97 Lakh | ₹16.51 Lakh | ₹24.37 Lakh |
| Cost of Materials Consumed | ₹33.71 Lakh | ₹26.35 Lakh | ₹19.23 Lakh | ₹9.13 Lakh | ₹0 | ₹3,000 | ₹5.57 Lakh | ₹0 |
| Purchases of Stock-in-Trade | ₹7.17 Cr | ₹19.32 Lakh | ₹4.3 Lakh | ₹17.42 Lakh | ₹27.72 Lakh | ₹31.27 Lakh | ₹0 | ₹0 |
| Changes in Inventories | -₹1.04 Lakh | -₹5 Lakh | ₹2.06 Lakh | ₹1.84 Lakh | -₹7.91 Lakh | -₹4.95 Lakh | ₹0 | ₹0 |
| Employee Benefit Expense | ₹40.16 Lakh | ₹42.17 Lakh | ₹37.88 Lakh | ₹30.69 Lakh | ₹6.87 Lakh | ₹4.45 Lakh | ₹3.61 Lakh | ₹2.18 Lakh |
| Finance Costs | ₹2.94 Lakh | ₹98,000 | ₹79,000 | ₹74,000 | ₹1.25 Lakh | ₹1.04 Lakh | ₹1.64 Lakh | ₹1.57 Lakh |
| Depreciation & Amortisation | ₹2.14 Lakh | ₹2.04 Lakh | ₹1.94 Lakh | ₹1.92 Lakh | ₹1.88 Lakh | ₹1.94 Lakh | ₹57,000 | ₹2.95 Lakh |
| Other Expenses | ₹1.89 Cr | ₹1.48 Cr | ₹1.02 Cr | ₹1.06 Cr | ₹28.62 Lakh | ₹29.04 Lakh | ₹35.37 Lakh | ₹11.54 Lakh |
| Total Expenses | ₹9.84 Cr | ₹2.34 Cr | ₹1.68 Cr | ₹1.68 Cr | ₹58.43 Lakh | ₹62.82 Lakh | ₹46.76 Lakh | ₹18.24 Lakh |
| Profit Before Exceptional Items & Tax | ₹3.08 Cr | ₹1.46 Cr | ₹77.97 Lakh | ₹33.12 Lakh | ₹1.57 Cr | -₹20.85 Lakh | -₹30.25 Lakh | ₹6.13 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹3.08 Cr | ₹1.46 Cr | ₹77.97 Lakh | ₹33.12 Lakh | ₹1.57 Cr | -₹20.85 Lakh | -₹30.25 Lakh | ₹6.13 Lakh |
| Total Tax Expense | -₹1.43 Lakh | -₹27,000 | -₹17,000 | -₹16,000 | ₹23,000 | ₹57,000 | ₹63.66 Lakh | ₹0 |
| Net Profit | ₹3.09 Cr | ₹1.46 Cr | ₹78.14 Lakh | ₹33.28 Lakh | ₹1.56 Cr | -₹21.42 Lakh | -₹93.91 Lakh | ₹6.13 Lakh |
| Other Comprehensive Income | ₹82,000 | -₹14,000 | -₹15,000 | -₹15,000 | ₹38,000 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹3.1 Cr | ₹1.46 Cr | ₹77.99 Lakh | ₹33.13 Lakh | ₹1.57 Cr | -₹21.42 Lakh | -₹93.91 Lakh | ₹6.13 Lakh |
| EBITDA (computed) | ₹3.13 Cr | ₹1.49 Cr | ₹80.7 Lakh | ₹35.78 Lakh | ₹1.6 Cr | -₹17.87 Lakh | -₹28.04 Lakh | ₹10.65 Lakh |
| Basic EPS | ₹6.25 | ₹2.95 | ₹1.82 | ₹0.77 | ₹3.64 | ₹-0.50 | ₹2.17 | ₹0.14 |
| Diluted EPS | ₹6.25 | ₹2.95 | ₹1.82 | ₹0.77 | ₹3.64 | ₹-0.50 | ₹2.17 | ₹0.14 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| a). Renting/Hire of electric Vehicle | ₹45.93 Lakh | ₹19.74 Lakh | ₹1.09 Cr | ₹18.03 Lakh |
| b} Food and beverages | ₹7.48 Cr | -₹38.91 Lakh | ₹2.99 Cr | ₹1.84 Cr |
| c) Hospitality business | ₹2.97 Cr | ₹1.51 Cr | ₹4.36 Cr | ₹89.68 Lakh |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| a). Renting/Hire of electric Vehicle | ₹1.24 Cr | ₹50.93 Lakh | - | - |
| b} Food and beverages | ₹8.54 Cr | -₹1.14 Cr | - | - |
| c) Hospitality business | ₹8.11 Cr | ₹3.62 Cr | - | - |
Charges & Borrowings of Spice Islands Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jul 2020 | Others | ₹31 Lakh | Satisfied |
| 16 Aug 2016 | Others | ₹25 Lakh | Satisfied |
| 10 Sep 2015 | Kotak Mahindra Prime Limited | ₹35 Lakh | Satisfied |
| 26 Jun 2015 | Kotak Mahindra Prime Limited | ₹11.2 Lakh | Satisfied |
| 28 May 2015 | Kotak Mahindra Prime Limited | ₹19.43 Lakh | Satisfied |
Total charge records: 10 View all charges
Employees and EPFO Compliance at Spice Islands Industries Limited
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Employee Count & EPFO Data of Spice Islands Industries Limited
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GST Compliance of Spice Islands Industries Limited
GSTIN & GST Filing Data of Spice Islands Industries Limited
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Credit Ratings, Litigation & Regulatory Alerts for Spice Islands Industries Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Spice Islands Industries Limited
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MSME Payment Delays by Spice Islands Industries Limited
MSME Payment Delays by Spice Islands Industries Limited
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Subsidiaries & Group Companies of Spice Islands Industries Limited
Subsidiaries & Group Companies of Spice Islands Industries Limited
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MCA Filings & Documents of Spice Islands Industries Limited
MCA Filings & Documents of Spice Islands Industries Limited
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Recent Activity on Spice Islands Industries Limited
Frequently Asked Questions about Spice Islands Industries Limited
Spice Islands Industries Limited is an active public limited company in the appreal and fashion sector based in Mumbai, Maharashtra, India. It was incorporated on 23 December 1988 (38+ years old) and is registered under CIN L11040MH1988PLC050197. Listed on BSE: 526827.
Spice Islands Industries Limited reported revenue of ₹1.33 Cr for FY 2024 (up 23.00% YoY).
The current directors of Spice Islands Industries Limited are:
The primary industry of Spice Islands Industries Limited is apparel and fashion. The company specifically operates in leather. The company is currently active in this sector.
Yes. Spice Islands Industries Limited is listed on BSE with code 526827.
Spice Islands Industries Limited can be reached at the registered office: Unit 3043 – 3048 3Rd Fl Bhandup Industrial Estate Pannalal Silk Mills Compd L.B.S. Marg, Bhandup – W, Mumbai, Maharashtra, India – 400078, or through the website spiceislandsindia.com.