Shiva Texyarn Ltd (SHIVATEX)
🎯 Key Takeaways
- Shiva Texyarn Ltd appears to be in a mature, cash-generating phase with stable governance and incremental strategic updates. The company has declared consistent dividends, maintains a conservative capital structure, and operates in a niche textile segment with limited growth visibility.
- Revenue declined 10.9% QoQ to ₹74 in Q1FY27.
- ⚠️ Persistent revenue decline across quarters raises concerns about demand sustainability in the core textile segment.
📖 The Story
Shiva Texyarn Ltd appears to be in a mature, cash-generating phase with stable governance and incremental strategic updates. The company has declared consistent dividends, maintains a conservative capital structure, and operates in a niche textile segment with limited growth visibility. Recent filings reflect routine governance updates and compliance rather than transformative initiatives, suggesting limited near-term expansion or margin improvement potential.
📰 What's Happening
The company held its 45th AGM on 27 August 2026, where shareholders approved all resolutions including the adoption of amended Memorandum and Articles of Association to expand operational scope under the Companies Act, 2013. A new director, Smt. Sujana Abirami, was appointed, and the auditor’s remuneration was ratified. The board also approved unaudited Q1 June 2026 financials showing consolidated revenue of ₹7,418.69 lakhs and operating profit of ₹4 lakhs. While the changes enhance regulatory flexibility, they do not signal immediate strategic shifts or capital investment plans.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 105 | 76 | 83 | 74 |
| Operating Profit | 10 | 6 | -1 | 4 |
| OPM % | 9.2% | 7.2% | -1.1% | 5.4% |
| Net Profit | 6 | 2 | 0 | 2 |
| EPS | ₹4.49 | ₹1.26 | ₹0.24 | ₹1.43 |
Revenue has declined sequentially from ₹105 lakhs in September 2025 to ₹74 lakhs in June 2026, with operating profit turning negative in March 2026 before modest recovery in June. Despite this, margins remain volatile but show slight improvement in the latest quarter. Net profit and EPS have fluctuated significantly, with June 2026 reporting ₹2 lakhs net profit and EPS of ₹1.43, up from ₹0 in the prior quarter but down from ₹6 in September 2025. The financial trend reflects operational instability, though recent cost control measures may have stabilized performance temporarily.
🔮 Management Outlook & What's Next
Management has not provided forward-looking guidance on revenue growth, margins, or capital allocation in the latest filings. The focus remains on governance compliance and regulatory alignment rather than growth initiatives. The absence of strategic commentary suggests expectations of continued operational stability without significant upside or downside surprises in the near term.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 |
| Reserves | 114 | 123 | 130 | 132 |
| Borrowings | 115 | 106 | 104 | 70 |
| Total Liabilities | 303 | 304 | 308 | 271 |
| Fixed Assets | 172 | 168 | 165 | 148 |
| Investments | 2 | 2 | 3 | 3 |
| Total Assets | 303 | 304 | 308 | 271 |
The balance sheet shows stable equity of ₹13 crores and modest reserves growth from ₹123 to ₹132 crores between March 2025 and March 2026. Borrowings have decreased from ₹106 to ₹70 crores over the same period, indicating active deleveraging. Total assets declined slightly from ₹308 to ₹271 crores, reflecting reduced liabilities and asset base contraction. This suggests prudent capital management, with management prioritizing debt reduction over reinvestment or shareholder returns beyond dividend declarations.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | +50 |
| Investing | +3 |
| Financing | -45 |
| Net Cash Flow | +8 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 74.0% | 74.0% | 74.0% | 74.0% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 18.7% | 18.3% | 22.0% | 22.0% |
| # Shareholders | 8,276 | 8,231 | 8,100 | 7,986 |
Promoter holding remains steady at 74.04% over the past year, indicating no dilution or stake sale. Foreign and domestic institutional holdings are negligible (FII: 0%, DII: 0.01%), with public shareholding rising slightly to 22.01% in Q1FY27 from 18.34% in Q3FY26. The growing number of retail shareholders (7,986) may reflect retail interest, but the lack of institutional accumulation suggests limited market confidence or coverage in the stock.
⚖️ Peer Comparison — Textiles
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| GRASIM | 2.17 L Cr | 38.0 | 9.6% | 10.8% | 2.16 |
| WELSPUNLIV | 19,169 | 66.5 | 8.0% | 5.8% | 0.37 |
| VTL | 16,531 | 19.2 | 10.7% | 8.7% | 0.13 |
| ARVIND | 14,927 | 34.7 | 14.3% | 10.6% | 0.36 |
| TRIDENT | 11,807 | 29.7 | 10.1% | 8.3% | 0.37 |
| SWANCORP | 9,191 | 44.2 | 4.2% | 2.9% | 0.29 |
| ICIL | 8,565 | 56.8 | 9.8% | 6.4% | 0.46 |
| GARFIBRES | 7,813 | 37.7 | 22.9% | 16.9% | 0.05 |
| KUSUMGAR | 5,756 | — | — | — | 0.45 |
| JINDWORLD | 4,931 | 58.5 | 10.2% | 9.8% | 0.65 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Persistent revenue decline across quarters raises concerns about demand sustainability in the core textile segment. 2. Volatile profitability, with negative operating profit in March 2026 and fluctuating net margins, indicates operational fragility. 3. Heavy reliance on promoter group for control (74% stake) limits independent governance pressure. 4. Low institutional interest may result in limited liquidity and heightened volatility on news events.
📋 Recent Filings
-
🟡 Board Meeting 27 August 2026Shiva Texyarn held its 45th AGM on 27 August 2026 via video conference, adopting audited financials, declaring a 60 paise dividend per share, appointi...
-
🟡 Board Meeting 27 August 2026Shiva Texyarn Limited announced amendments to its Memorandum and Articles of Association approved at the 45th Annual General Meeting on 27th August 20...
-
🟡 voting results 27 August 2026Shareholders approved all 6 resolutions at the 45th AGM on 27 August 2026, including financial statements, dividend declaration, director appointment,...
-
🟡 Board Meeting 6 August 2026The board approved un-audited standalone and consolidated financial results for Q1 June 2026 and submitted them to exchanges. The meeting ran from 12:...
-
🔴 Corporate Action 30 July 2026Shiva Texyarn Limited announced a dividend of Rs.0.60 per equity share, payable on or before 26.09.2026, with a record date of 20.08.2026. The dividen...
-
🟡 Board Meeting 30 July 2026Shiva Texyarn announced its 45th Annual General Meeting scheduled for 27 August 2026, proposing a dividend of **₹0.60** per share payable by 26 Septem...
-
Announcement 29 April 2026Shiva Texyarn Limited announced initiatives for its second 100-day 'Saksham Niveshak' campaign, including newspaper advertisements in Business Standar...
-
Announcement 24 April 2026Shiva Texyarn Limited announced a newspaper advertisement promoting its 'Saksham Niveshak' 100-day campaign to help shareholders claim unclaimed divid...
-
🔴 Announcement 22 April 2026No summary available
-
🟡 concall transcript 31 March 2022Shiva Texyarn's Q4 FY2022 earnings call highlighted strong yarn demand and cotton price trends, with FY2022 revenue up 40% to Rs.477.07 Crores driven ...
🧠 Analyst's Read
Shiva Texyarn operates as a stable but stagnant textile player with strong promoter control and conservative financial management, but lacks visible growth catalysts. Investors should monitor quarterly revenue trends and any future strategic announcements, as current performance reflects a mature, non-transformative business phase with limited upside potential.
Based on filing content and financial data. Not a recommendation.
Read the full analysis
Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.
Sign Up Free — Unlock Full Analysis2 free AI queries per day.
Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-17.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
📡 Get AI alerts when SHIVATEX files new disclosures
Track SHIVATEX filings, board meetings, and corporate actions. Free email alerts at 5 PM.
Track SHIVATEX — FreeFree account · 2 AI queries/day
© 2026 StockFin.ai — AI-powered Indian stock research
About · Privacy Policy · Terms of Service · Pricing
Today's Announcements · Screener · Insights · AI Chat
Data provided by CMOTS Internet Technologies Pvt Ltd