Shanti Spintex

BSE: SHANTIDENM · Other Textile Products

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Snapshot

Unlock Shanti Spintex's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Shanti Spintex Limited is an Ahmedabad-based manufacturer and trader specialising in a diverse range of denim fabrics, including power stretch and heavy-duty varieties. The company integrates weaving and finishing processes to supply garment manufacturers and apparel brands across domestic and international markets.

Business Model

The company generates revenue through the sale of denim fabrics produced at its integrated facility in Gujarat. It supplements its core textile operations with investments in renewable wind energy to optimise operational costs and enhance manufacturing sustainability.

Management Commentary

Management focuses on leveraging the company's strategic location in a major textile hub to maintain robust supply chain links. The leadership emphasises capacity utilisation and continuous technological upgrades to strengthen its competitive position in the Indian denim industry.

Growth Outlook

Future growth is driven by the company's commitment to maintaining a versatile product portfolio that adapts to evolving fashion trends. Additionally, ongoing investments in technological upgrades and renewable energy are expected to support long-term operational efficiency.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of cotton and other raw materials can significantly impact profit margins in the textile manufacturing sector.
  • Intense Industry Competition. The Indian denim market is highly competitive, requiring constant innovation and cost management to maintain market share.
  • Cyclical Demand. The textile and apparel industry is sensitive to economic cycles and changing consumer spending patterns, which may affect order volumes.
  • Regulatory and Environmental Compliance. As a manufacturer, the company faces risks related to evolving environmental regulations and the need for sustainable production practices.

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Peers · Other Textile Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Shanti SpintexSHANTIDENM
₹62 Cr2.0%-49.0%
Raghuvir Synthetics Ltd.RAGHUSYN
₹367 Cr25.2417.63-23.3%9.7%41.8%25.5%-23.0%
Axita CottonAXITA
₹308 Cr80.5037.62-58.4%3.0%6.1%11.7%-8.5%
Vardhman PolytexVARDMNPOLY
₹289 Cr0.9113.84-15.2%10.4%-150.1%279.9%-33.4%
R&B DenimsRNBDENIMS
₹265 Cr4.876.4510.8%10.5%12.5%-89.7%
Le Merite ExportLEMERITE
₹262 Cr4.0%-94.2%

As of Mar 2026

Financials