Salona Cotspin Share PriceSalona Cotspin

₹256.65
-0.2 (-0.08%)
As on 30 September, 2023 | 18:27 BSE: 590056 NSE: SALONAISIN: INE498E01010

Salona Cotspin Performance

Day Range

  • Low 253.05
  • High 261.9
256.65

52 Week Range

  • Low 212
  • High 323.25
256.65
  • Open Price258
  • Previous Close256.85
  • Volume507

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Salona Cotspin Share Price

  • Over 1 Month -0.98%
  • Over 3 Month -2.47%
  • Over 6 Month 11.64%
  • Over 1 Year -6.94%

Salona Cotspin Key Statistics

P/E Ratio 10.2
PEG Ratio -0.3
Market Cap Cr 135
Price to Book Ratio 1.8
EPS 33.2
Dividend 0
Relative Strength Index 44.34
Money Flow Index 45.97
MACD Signal -1.18
Average True Range 10.25

Salona Cotspin Investment Rating

  • Master Rating:
  • Salona Cotspin has an operating revenue of Rs. 472.31 Cr. on a trailing 12-month basis. An annual revenue de-growth of -25% needs improvement, Pre-tax margin of 4% needs improvement, ROE of 23% is exceptional. The company has a reasonable debt to equity of 48%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 18% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 49 which is a POOR score indicating inconsistency in earnings, a RS Rating of 20 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 94 indicates it belongs to a poor industry group of Apparel-Clothing Mfg and a Master Score of C is fair but needs to improve. Institutional holding has remained stable in the last reported quarter. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Salona Cotspin Financials
IndicatorJun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 1411479293155171
Operating Expenses Qtr Cr 1341428581145163
Operating Profit Qtr Cr 65812108
Depreciation Qtr Cr 111211
Interest Qtr Cr 343212
Tax Qtr Cr 0-31323
Net Profit Qtr Cr 233561
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 487647
Operating Expenses Annual Cr 452610
Operating Profit Annual in Cr 3537
Depreciation Cr 53
Interest Annual Cr 97
Tax Annual Cr 37
Net Profit Annual Cr 1820
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr -35
Cash from Investing Activity Annual Cr -20
Cash from Financing Annual Activity Cr 54
Net Cash Flow Annual Cr 0
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 7457
Fixed Assets Annual Cr 4143
Total Non Current Assets Annual Cr 5744
Total Current Assets Annual Cr 213183
Total Assets Annual Cr 270228
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 139107
ROE Annual % 2435
ROCE Annual % 2638
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 76
IndicatorJun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr
Operating Expenses Qtr Cr
Operating Profit Qtr Cr
Depreciation Qtr Cr
Interest Qtr Cr
Tax Qtr Cr
Net Profit Qtr Cr
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr
Operating Expenses Annual Cr
Operating Profit Annual in Cr
Depreciation Cr
Interest Annual Cr
Tax Annual Cr
Net Profit Annual Cr
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr
Cash from Investing Activity Annual Cr
Cash from Financing Annual Activity Cr
Net Cash Flow Annual Cr
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr
Fixed Assets Annual Cr
Total Non Current Assets Annual Cr
Total Current Assets Annual Cr
Total Assets Annual Cr
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs
ROE Annual %
ROCE Annual %
Total Debt to Total Equity Annual --
EBDIT Annual Margin %

Salona Cotspin Technicals

EMA & SMA

Current Price
₹256.65
-0.2 (-0.08%)
  • Bullish Moving Average
  • ___
  • 2
  • Bearish Moving Average
  • ___
  • 14
  • 20 Day
  • ₹261.05
  • 50 Day
  • ₹262.93
  • 100 Day
  • ₹261.87
  • 200 Day
  • ₹258.22
  • 20 Day
  • ₹262.75
  • 50 Day
  • ₹263.43
  • 100 Day
  • ₹264.23
  • 200 Day
  • ₹255.57

Salona Cotspin Resistance and Support

PIVOT
₹257.2
Resistance
First Resistance ₹261.36
Second Resistance ₹266.05
Third Resistance ₹270.2
RSI 44.34
MFI 45.97
MACD Single Line -1.18
MACD -1.88
Support
First Resistance ₹252.5
Second Resistance ₹248.35
Third Resistance ₹243.65

Salona Cotspin Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 531 30,602 57.63
Week 1,171 72,461 61.88
1 Month 3,329 152,528 45.82
6 Month 8,187 321,438 39.26

Salona Cotspin Result Highlights

Salona Cotspin Synopsis

NSE-Apparel-Clothing Mfg

Salona Cotspin L is involved in the business activities of Preparation and spinning of cotton fiber including blended* cotton. Company’s Total Operating Revenue is Rs. 486.91 Cr. and Equity Capital is Rs. 5.33 Cr. for the Year ended 31/03/2023. Salona Cotspin Ltd. is a Public Limited Listed company incorporated on 18/01/1994 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L17111TZ1994PLC004797 and registration number is 004797.
Market Cap 135
Sales 472
Shares in Float 0.17
No of funds
Yield 0.43
Book Value 1.84
U/D Vol ratio 1.5
LTDebt / Equity 48
Alpha -0.03
Beta 1.1

Salona Cotspin

Owner NameJun-23Mar-23Dec-22Sep-22
Promoters 67.09%66.36%65.98%65.98%
Mutual Funds
Insurance Companies
Foreign Portfolio Investors
Financial Institutions/ Banks
Individual Investors 22.19%21.88%24.22%24.21%
Others 10.72%11.76%9.8%9.81%

Salona Cotspin Management

Name Designation
Mr. Shyamlal Agarwala Managing Director
Mr. Manoj Kumar Jhajharia Joint Managing Director
Mr. Arun Kumar Jhajharia Director
Mr. Dhiresh Jayasi Director
Mrs. S Meenakumari Director
Mr. Hari Desikan Ganesh Director

Salona Cotspin Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Salona Cotspin Corporate Action

Date Purpose Remarks
2023-05-26 Audited Results & Dividend
2022-11-14 Quarterly Results
2022-08-12 Quarterly Results
2022-05-30 Audited Results & Dividend
2022-02-14 Quarterly Results
  • Company Name
  • CMP
  • Chg(%)
  • Company Name
  • CMP
  • Chg(%)

Salona Cotspin FAQs

What is Share Price of Salona Cotspin ?

Salona Cotspin share price is ₹256 As on 30 September, 2023 | 18:13

What is the Market Cap of Salona Cotspin ?

The Market Cap of Salona Cotspin is ₹135.1 Cr As on 30 September, 2023 | 18:13

What is the P/E ratio of Salona Cotspin ?

The P/E ratio of Salona Cotspin is 10.2 As on 30 September, 2023 | 18:13

What is the PB ratio of Salona Cotspin ?

The PB ratio of Salona Cotspin is 1.8 As on 30 September, 2023 | 18:13

Q2FY23