SALONA
Salona Cotspin financials
- Market cap
- ₹133 Cr
- Sector
- Textiles
Quarterly results
Q1 FY27: revenue up 25.1%, net profit up 47.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 166 | 158 | 148 | 157 | 171 +3% | 155 −2% | 110 −25% | 197 +25% |
| EBITDA | 8 | 9 | 6 | 10 | 9 +9% | 8 −18% | 8 +35% | 11 +11% |
| Net profit | 2 | 2 | -3 | 2 | 1 −51% | 0 −79% | -1 +53% | 2 +48% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +8.2% 1Y
1Y: ₹240.43 on 10 Sept 2025 → ₹260.05. High ₹304.1 (15 Dec 2025), low ₹227.05 (27 Jan 2026).
Financials, as filed
Revenue fell 9.3% a year over 2 years, FY24 to FY26. Operating margin widened to 5.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹722 Cr | ₹662 Cr | ₹594 Cr |
| Operating profit | ₹30 Cr | ₹32 Cr | ₹34 Cr |
| Operating margin | 4.2% | 4.8% | 5.8% |
| Interest | ₹15 Cr | ₹19 Cr | ₹20 Cr |
| Depreciation | ₹7 Cr | ₹8 Cr | ₹10 Cr |
| Net profit | ₹6 Cr | ₹3 Cr | ₹2 Cr |
| Net margin | 0.8% | 0.5% | 0.3% |
| Cash from operations | ₹-12 Cr | ₹64 Cr | ₹79 Cr |
| Free cash flow | ₹-84 Cr | ₹37 Cr | ₹69 Cr |
| ROCE | 8.0% | 7.0% | 8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Reserves | ₹33 Cr | ₹52 Cr | ₹69 Cr | ₹74 Cr | ₹80 Cr | ₹78 Cr |
| Borrowings | ₹77 Cr | ₹139 Cr | ₹157 Cr | ₹257 Cr | ₹237 Cr | ₹190 Cr |
| Other liabilities | ₹24 Cr | ₹32 Cr | ₹39 Cr | ₹27 Cr | ₹33 Cr | ₹31 Cr |
| Total liabilities | ₹138 Cr | ₹228 Cr | ₹270 Cr | ₹364 Cr | ₹355 Cr | ₹304 Cr |
| Fixed assets | ₹27 Cr | ₹43 Cr | ₹41 Cr | ₹70 Cr | ₹105 Cr | ₹122 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹36 Cr | ₹23 Cr | ₹2 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹112 Cr | ₹185 Cr | ₹229 Cr | ₹257 Cr | ₹227 Cr | ₹179 Cr |
| Total assets | ₹138 Cr | ₹228 Cr | ₹270 Cr | ₹364 Cr | ₹355 Cr | ₹304 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +1.33 pp while the public trimmed −1.33 pp. The shareholder count shrank 5% to 2,560.
- Promoters
- 68.4%
- Public
- 31.6%
Since Jun 2025
- Promoters +1.33 pp
- Public −1.33 pp
How it drifted, 12 quarters
Over this window promoters went from 67.1% to 68.4% — +1.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 67.1%, Public 32.9%.Dec '23: Promoters 67.1%, Public 32.9%.Mar '24: Promoters 67.1%, Public 32.9%.Jun '24: Promoters 67.1%, Public 32.9%.Sep '24: Promoters 67.1%, Public 32.9%.Dec '24: Promoters 67.1%, Public 32.9%.Mar '25: Promoters 67.1%, Public 32.9%.Jun '25: Promoters 67.1%, Public 32.9%.Sep '25: Promoters 67.1%, Public 32.9%.Dec '25: Promoters 68.4%, Public 31.6%.Mar '26: Promoters 68.4%, Public 31.6%.Jun '26: Promoters 68.4%, Public 31.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Manoj Kumar Jhajharia . +0.06 pp 6.12% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Salona Cotspin Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Krishna Agarwal | 8.66% | unchanged |
| Shyamlal Agarwala . | 8.16% | unchanged |
| Arun Kumar Jhajharia . | 6.47% | unchanged |
| Pistadevi Jhajharia . | 6.18% | unchanged |
| Manoj Kumar Jhajharia . | 6.12% | +0.06 pp |
| Pramod Kumar Jhajharia . | 6.06% | −0.06 pp |
| Mahesh Agarwal | 4.94% | unchanged |
| Sheli Agarwal . | 4.50% | unchanged |
| Sabita Agarwal | 4.36% | unchanged |
| Indu Agarwal | 3.67% | unchanged |
| Kuheli Dealcom Pvt Ltd | 3.52% | unchanged |
| Haresh Kashinath Bhobe | 3.13% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Salona Cotspin Limited
Guides on how to read this kind of business and the numbers that matter.