Shiva Texyarn (SHIVATEX) — concall transcript

📢 Key Event
Shiva Texyarn reported FY2022 revenue growth of 40% to Rs.477.07 Crores, driven by spinning performance and market recovery.

🔄 What Changed
Revenue increased 40% YoY to Rs.477.07 Crores; EBITDA margin improved to 11.55%; non-spinning revenue reached Rs.127 Crores in Q4.

🔮 What's Next
Non-spinning revenue expected to reach Rs.180-200 Crores in FY2023; cotton prices anticipated to decline after October; 26% stake in L.K. Distributors acquired for captive wind power.

💡 Investor Takeaway
The company is shifting focus to technical textiles and defence contracts, with stable margins and plans for capacity expansion in high-growth segments.

Shiva 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 by spinning growth. Management expects non-spinning revenue of Rs.180-200 Crores in FY2023 from new orders and capex, while cotton prices are projected to fall after October due to improved supply. The company secured a repeat Rs.110 Crores defence order and acquired a 26% stake in L.K. Distributors for captive wind power. EBITDA margins remain stable at 11.55% for the year, with spinning contributing Rs.350 Crores revenue and non-spinning Rs.127 Crores in Q4.

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About Shiva Texyarn Ltd (SHIVATEX)

Textiles · Textiles · Listed on BSE

Market Cap: ₹228.4 Cr P/E: 23.8 ROE: 6.6% ROCE: 11.1%

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"What is the expected timeline for completing the Rs.110 Crores defence tender awards?" "How will the 26% stake in L.K. Distributors specifically reduce energy costs for spinning operations?" "What is the target capacity utilization rate for the new processing plant by August 2022?"

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🔥 Also filed on 31 March 2022

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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