SHINEFASH
Shine Fashions (India) financials
- Market cap
- ₹78 Cr
Quarterly results
Q4 FY26: revenue up 70.6%, net profit down 200.0% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 12 | 20 | 34 | 34 +278% | 47 +292% | 44 +120% | 58 +71% |
| EBITDA | 0 | 1 | 2 | 3 | 4 | 5 +400% | 7 +250% | 5 +67% |
| Net profit | 0 | 1 | 2 | 2 | 3 | 4 +300% | 5 +150% | -2 −200% |
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 −53.9% 1Y
1Y: ₹47.5 on 8 Sept 2025 → ₹21.9. High ₹49.6 (26 Sept 2025), low ₹17.63 (9 Jul 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹12 Cr | ₹13 Cr |
| Reserves | ₹4 Cr | ₹4 Cr | ₹5 Cr | ₹9 Cr | ₹17 Cr | ₹18 Cr |
| Borrowings | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹8 Cr | ₹20 Cr |
| Other liabilities | ₹0 Cr | ₹1 Cr | ₹4 Cr | ₹14 Cr | ₹31 Cr | ₹62 Cr |
| Total liabilities | ₹6 Cr | ₹7 Cr | ₹12 Cr | ₹26 Cr | ₹69 Cr | ₹114 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹6 Cr | ₹7 Cr | ₹12 Cr | ₹25 Cr | ₹69 Cr | ₹114 Cr |
| Total assets | ₹6 Cr | ₹7 Cr | ₹12 Cr | ₹26 Cr | ₹69 Cr | ₹114 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 Mar 2026
Since Apr 2025, promoters trimmed −1.06 pp while the public added +1.05 pp. The shareholder count grew 67% to 322.
- Promoters
- 67.5%
- Public
- 32.5%
Since Apr 2025
- Promoters −1.06 pp
- Public +1.05 pp
How it drifted, 12 quarters
Over this window promoters fell from 71.5% to 67.5% — −4.0 pp.
Ownership split by quarter, oldest first. Dec '21: Promoters 71.5%, Public 28.5%.Mar '22: Promoters 71.5%, Public 28.5%.Sep '22: Promoters 71.5%, Public 28.5%.Mar '23: Promoters 71.5%, Public 28.5%.Sep '23: Promoters 71.5%, Public 28.5%.Mar '24: Promoters 71.5%, Public 28.5%.Sep '24: Promoters 71.5%, Public 28.5%.Mar '25: Promoters 71.5%, Public 28.5%.Apr '25: Promoters 68.5%, Public 31.5%.Sep '25: Promoters 65.2%, Public 34.8%.Dec '25: Promoters 65.2%, Public 34.8%.Mar '26: Promoters 67.5%, Public 32.5%.
Who bought this quarter
since Dec 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Anil Zaverchand Mehta +6.22 pp 25.56% held
- Mahevarsh Fincon Private Limited newly disclosed 1.22% held
The same filing shows 8 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Shine Fashions (India) Limited above SEBI's 1% disclosure line, and what changed since Dec 2025.
| Holder | Stake | Change |
|---|---|---|
| Anil Zaverchand Mehta | 25.56% | +6.22 pp |
| Anish Anil Mehta | 23.41% | −2.41 pp |
| Binal Anish Mehta | 10.43% | −0.87 pp |
| Purvi Anil Sanghvi | 8.07% | −0.68 pp |
| Securocrop Securities India Private Limited | 2.35% | −0.55 pp |
| Pritesh Mohanbhai Shah | 1.86% | −0.16 pp |
| Gaurav Singh | 1.67% | −0.14 pp |
| Mahevarsh Fincon Private Limited | 1.22% | newly disclosed |
| Value Prolific Consulting Services Pvt Ltd | 1.18% | unchanged |
| Rakesh Jain | 1.13% | −0.10 pp |
| Rishi Rakesh Jain | 1.06% | −0.09 pp |
| Sangeeta Pareekh | — | off the list |
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.
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