This Micro-Cap is in the manufacturing business of cotton yarn and technical textile products such as laminated and coated fabrics, home textiles and other added products has jumped by 6.85 percent to the day’s high of the stock market. The company has received a new order from the Ministry of Defence amounting to Rs. 41.24 crore.
Stock Movement
With a market capitalization of Rs. 312.41 crore, the shares of Shiva Texyarn Limited were opened at Rs. 233.80 per equity share and touched a day’s high of Rs. 250.19 per share. It was trading around 6.85 percent up from its previous day’s close price of Rs. 234.14.
What Happened
On Thursday’s trading section, Shiva Texyarn Limited confirmed new orders from a Ministry of Defence company for the supply of extreme cold weather clothing systems (Suit) of 26,574 sets of quantity amounting to Rs. 41.24 crore. The order needs to be delivered between 23rd October 2024 and 16th January 2026.
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Financial analysis and ratios
Shiva Texyarn Limited’s revenue in Q1FY25 has declined by 32.69 percent to Rs. 60.68 crore. Whereas there is an improvement in net profits as Q1FY24, had a loss of Rs. 5.99 crores and returned to a profit of Rs. 1.27 crore in Q1FY25. The operational revenue declined from Rs 410.87 crore in FY23 to Rs. 335.28 crore in FY24, which is down by 22.54 percent.
The company’s net loss has increased from Rs. 6.64 crore in FY23 to Rs. 11.08 crore in FY24. The debt-to-equity ratio of the company stood at 0.81 times which is in decreasing trend over the years. The current ratio stood at 0.81 in FY24.
About the company
Shiva Texyarn Limited, based in India, produces cotton yarn and technical textile products, including coated and laminated fabrics, home textiles, and other value-added items. The company operates with an installed capacity of around 52,416 spindles near Coimbatore and manufactures technical textiles for sectors such as defence, healthcare, and advertising.
It organizes its operations into several divisions: Processing, Spinning Mill, Coating, Lamination, Bag division, and Garment. The Garment division designs specialized outerwear and load-carrying products like backpacks and rucksacks. The Coating division provides acrylic-coated items, art canvas, PU-coated goods, and digital canvas products. The Bag division creates various bags, including school and professional styles. Shiva Texyarn’s brands include Quick Fit, Quick Dry, Paw Paw, Q Club, Medic Virostat, and Medic Masks.
Written by Santhosh
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