Shine Fashions (India) Ltd

SHINEFASH

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Market Cap

₹ 97 Cr

P/E

13.95

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

EXCEPTIONAL

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Shine Fashions (India) Limited specializes in importing, supplying, and trading non-woven and woven fusible interlining fabrics, focusing on quality control and customer satisfaction.

The company transitioned from trading to manufacturing in 2019, reflecting its strategic pivot and expansion into new product lines, such as polyester fusible and hair interlining.

Shine Fashions launched its manufacturing unit in Maharashtra in 2020 for waist band interlinings, showcasing its commitment to domestic production and capacity building.

In 2022, the company began exploring export markets, a significant step towards international expansion and diversifying its revenue streams.

The company recently ventured into outer fabric trading in 2023, expanding its product portfolio beyond interlining materials.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

97 Cr

Volatility

Low Risk

P/E Ratio

14.0

Industry P/E

35.9

PEG Ratio

0.1

P/B Ratio

3.9

52W High

66.00

52W Low

34.01

Sales CAGR

50.71%

88.13%

59.03%

10Y

—

Profit CAGR

77.41%

160.84%

82.45%

10Y

—

ROE

TTM

29.57%

29.52%

24.61%

10Y

—

ROCE

TTM

31.60%

39.82%

33.27%

10Y

—

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
GOYALALUM	6.98	99 Cr	33.14	4.10	0.00	12.41	7.00	3.35
FERVENTSYN	19.69	98 Cr	26.96	1.82	0.00	6.76	6.74	6.74
INDXTRA	7.35	98 Cr	—	2.22	0.00	-2.01	-1.89	-1.93
RISHIROOP	106.80	98 Cr	24.45	0.70	1.41	2.87	4.04	2.52
SHINEFASH	39.21	97 Cr	13.95	3.87	0.04	29.57	31.60	12.70
SURJIND	41.00	97 Cr	—	0.82	0.00	-1.13	-0.02	-0.49
CRAVATEX	388.00	97 Cr	17.42	0.86	3.34	4.92	6.13	3.82

Financial Statements

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Consolidated Half Yearly Results (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Sales	4.95	5.88	6.87	8.76	12	20	34	34	47	44
Expenses	4.91	5.30	6.94	8.74	11	18	31	30	42	37
Interest	0.02	0.03	0.04	0.04	0.04	0.02	0.01	0.01	0.03	0.28
Operating Profit	0.04	0.58	-0.07	0.02	1.26	2.08	3.17	4.41	4.92	6.96
OPM %	0.81	9.86	-1.02	0.23	10.24	10.26	9.36	12.88	10.39	15.88
Other Income	0.05	0.02	0.10	0.11	0.02	0.02	0.05	0.01	0.06	0.05
Depreciation	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Profit Before Tax	0.06	0.56	-0.02	0.08	1.23	2.06	3.20	4.40	4.94	6.73
Tax %	66.67	26.79	50.00	25.00	25.20	25.24	25.31	25.23	25.10	25.11
Net Profit	0.02	0.42	-0.01	0.06	0.92	1.54	2.40	3.29	3.70	5.03
EPS in Rs	—	—	—	—	—	—	—	—	—	—

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	6.88	13	21	54	82
Expenses	6.64	12	20	49	72
Operating Profit	0.24	0.51	1.28	5.26	9.34
OPM %	3.49	3.98	6.07	9.71	11.44
Other Income	0.05	0.12	0.13	0.06	0.07
Interest	0.02	0.07	0.07	0.03	0.04
Depreciation	0.01	0.01	0.02	0.02	0.03
Profit Before Tax	0.26	0.54	1.31	5.27	9.34
Tax %	12.27	25.62	25.58	25.21	25.19
Net Profit	0.23	0.41	0.98	3.94	6.99
EPS in Rs	—	—	—	—	—
Dividend Payout %	0.00	0.00	0.00	0.00	0.00

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1.40	1.40	1.40	1.40	1.50
Reserves	3.60	4.00	4.88	8.79	22
Borrowings	0.71	0.71	2.03	0.98	5.90
Other Liabilities	0.41	1.28	4.16	14	29
Total Liabilities	6.12	7.39	12	26	59
Fixed Assets	0.04	0.19	0.18	0.20	0.22
CWIP	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00
Other Assets	6.09	7.20	12	25	58
Total Assets	6.12	7.39	12	26	59

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-2.24	0.27	-1.19	1.08	1.92
Cash from Investing Activity	0.00	-0.17	-0.02	-0.03	-0.05
Cash from Financing Activity	2.24	-0.06	1.24	-1.08	11
Net Cash Flow	-0.00	0.05	0.04	-0.03	13

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2021	Dec 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Feb 2025	Mar 2025	Apr 2025	Sep 2025
Promoters	71.47%	71.47%	71.47%	94.97%	71.47%	71.47%	71.47%	71.47%	66.48%	71.47%	71.47%	65.20%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	28.53%	28.53%	28.53%	5.03%	28.53%	28.53%	28.53%	28.53%	33.52%	28.53%	28.53%	34.80%
Total Shareholders	69	69	80	11	95	91	80	162	221	197	160	308

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Sep 23, 2025	Rishi rakesh jain	Bulk	Buy	46.18	0.74 Cr	1,60,000	5.71
Sep 22, 2025	Kriplani kapil	Bulk	Buy	45.08	0.67 Cr	1,48,000	5.28
Sep 22, 2025	Rakesh jain	Bulk	Buy	44.50	0.61 Cr	1,36,000	4.86
Sep 18, 2025	Pritesh m shah	Bulk	Buy	41.98	0.84 Cr	2,00,000	7.14
May 15, 2025	Sappers infra realtors privat...	Bulk	Sell	363.94	0.76 Cr	21,000	0.75
May 15, 2025	Jignesh amrutlal thobhani	Bulk	Sell	364.35	1.02 Cr	28,000	1.00
Apr 30, 2025	Jignesh amrutlal thobhani	Bulk	Sell	316.60	0.95 Cr	30,000	1.07
Apr 28, 2025	Trans media pvt ltd	Bulk	Sell	282.34	1.16 Cr	41,000	1.46
Nov 22, 2024	Value prolific consulting ser...	Bulk	Buy	342.85	1.08 Cr	31,500	1.12
Jul 30, 2024	Purvi anil sanghvi	Insider - Promoter & Director	Acquisition	—	—	1,25,000	4.46

Projection

Actions

Action Type

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Announcements

Last 7 days

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Sentiment

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Documents

Presentations

Concalls

Reports

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Overview

Detailed Summary

Shine Fashions (India) Limited specializes in importing, supplying, and trading non-woven and woven fusible interlining fabrics, focusing on quality control and customer satisfaction.

The company transitioned from trading to manufacturing in 2019, reflecting its strategic pivot and expansion into new product lines, such as polyester fusible and hair interlining.

Shine Fashions launched its manufacturing unit in Maharashtra in 2020 for waist band interlinings, showcasing its commitment to domestic production and capacity building.

In 2022, the company began exploring export markets, a significant step towards international expansion and diversifying its revenue streams.

The company recently ventured into outer fabric trading in 2023, expanding its product portfolio beyond interlining materials.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

97 Cr

Volatility

Low Risk

P/E Ratio

14.0

Industry P/E

35.9

PEG Ratio

0.1

P/B Ratio

3.9

52W High

66.00

52W Low

34.01

Sales CAGR

50.71%

88.13%

59.03%

10Y

—

Profit CAGR

77.41%

160.84%

82.45%

10Y

—

ROE

TTM

29.57%

29.52%

24.61%

10Y

—

ROCE

TTM

31.60%

39.82%

33.27%

10Y

—

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Half Yearly Results (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Sales	4.95	5.88	6.87	8.76	12	20	34	34	47	44
Expenses	4.91	5.30	6.94	8.74	11	18	31	30	42	37
Interest	0.02	0.03	0.04	0.04	0.04	0.02	0.01	0.01	0.03	0.28
Operating Profit	0.04	0.58	-0.07	0.02	1.26	2.08	3.17	4.41	4.92	6.96
OPM %	0.81	9.86	-1.02	0.23	10.24	10.26	9.36	12.88	10.39	15.88
Other Income	0.05	0.02	0.10	0.11	0.02	0.02	0.05	0.01	0.06	0.05
Depreciation	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Profit Before Tax	0.06	0.56	-0.02	0.08	1.23	2.06	3.20	4.40	4.94	6.73
Tax %	66.67	26.79	50.00	25.00	25.20	25.24	25.31	25.23	25.10	25.11
Net Profit	0.02	0.42	-0.01	0.06	0.92	1.54	2.40	3.29	3.70	5.03
EPS in Rs	—	—	—	—	—	—	—	—	—	—

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	6.88	13	21	54	82
Expenses	6.64	12	20	49	72
Operating Profit	0.24	0.51	1.28	5.26	9.34
OPM %	3.49	3.98	6.07	9.71	11.44
Other Income	0.05	0.12	0.13	0.06	0.07
Interest	0.02	0.07	0.07	0.03	0.04
Depreciation	0.01	0.01	0.02	0.02	0.03
Profit Before Tax	0.26	0.54	1.31	5.27	9.34
Tax %	12.27	25.62	25.58	25.21	25.19
Net Profit	0.23	0.41	0.98	3.94	6.99
EPS in Rs	—	—	—	—	—
Dividend Payout %	0.00	0.00	0.00	0.00	0.00

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1.40	1.40	1.40	1.40	1.50
Reserves	3.60	4.00	4.88	8.79	22
Borrowings	0.71	0.71	2.03	0.98	5.90
Other Liabilities	0.41	1.28	4.16	14	29
Total Liabilities	6.12	7.39	12	26	59
Fixed Assets	0.04	0.19	0.18	0.20	0.22
CWIP	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00
Other Assets	6.09	7.20	12	25	58
Total Assets	6.12	7.39	12	26	59

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-2.24	0.27	-1.19	1.08	1.92
Cash from Investing Activity	0.00	-0.17	-0.02	-0.03	-0.05
Cash from Financing Activity	2.24	-0.06	1.24	-1.08	11
Net Cash Flow	-0.00	0.05	0.04	-0.03	13

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
GOYALALUM	6.98	99 Cr	33.14	4.10	0.00	12.41	7.00	3.35
FERVENTSYN	19.69	98 Cr	26.96	1.82	0.00	6.76	6.74	6.74
INDXTRA	7.35	98 Cr	—	2.22	0.00	-2.01	-1.89	-1.93
RISHIROOP	106.80	98 Cr	24.45	0.70	1.41	2.87	4.04	2.52
SHINEFASH	39.21	97 Cr	13.95	3.87	0.04	29.57	31.60	12.70
SURJIND	41.00	97 Cr	—	0.82	0.00	-1.13	-0.02	-0.49
CRAVATEX	388.00	97 Cr	17.42	0.86	3.34	4.92	6.13	3.82