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Shanti Spintex
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Shanti Spintex Limited was originally incorporated as a Private Limited Company under the name of 'Shanti Spintex Private Limited' on August 23, 2010 with the Registrar of Companies, Ahmedabad. Thereafter, Company converted from Private Limited to Public Limited and the name of Company was changed from 'Shanti Spintex Private Limited' to 'Shanti Spintex Limited' vide fresh Certificate of Incorporation dated August 18, 2023, issued by the Registrar of Companies, Ahmedabad, Gujarat.
The Company manufacture various type of denim fabrics such as power stretch spandex denim, knit denim, light weight denim, rigid denim, over dyed denim and flat finish 3/1 denim. Their production facility has capability to produce grey fabrics in various designs such as twill weave, knit dobby weave, structure dobby weave, broken twill weave and satin weave. It offer denim fabrics in diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, halogen blue and ecru colour which has weights ranging from 4.50 Oz/sq. yd to 14.50 Oz./sq. yd. and widths spanning from 62' (157cm) to 78' (198 cm).
The Company was initially founded by Amit Bindal, Sanjay Bindal and Rajesh Bindal. In 2014, there existing Promoters, Mr. Bharat Bhushan Agarwal and Mr. Rikin Agarwal took over the Company. The Company began there business as a fabrics trading concern in F.Y. 2014-15. In year 2016-17, the Company started production fabric weaving unit at Dholi, Ahmedabad, Gujarat. In 2017-18, it expanded the existing unit by installation of additional airjet looms. Later, the Company in Nov' 22 commissioned a Wind Farm Power Plant of combined capacity of 2 MW in Dist. Amreli, Gujarat. It recently installed the 852 kw rooftop solar plant at Dholi unit in 2023.
The Company is proposing an Initial Public Offer aggregating 44,64,000 Equity Shares comprising of a Fresh Issue of 26,88,000 Equity Shares and an Offer for Sale of 17,76,000 Equity Shares.
Shanti Spintex share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Shanti Spintex indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Shanti Spintex is valued compared to its competitors.
Shanti Spintex PE ratio helps investors understand what is the market value of each stock compared to Shanti Spintex 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Shanti Spintex evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Shanti Spintex generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Shanti Spintex in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Shanti Spintex shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Shanti Spintex compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Shanti Spintex over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Shanti Spintex helps investors get an insight into when they can enter or exit the stock. Key components of Shanti Spintex Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Shanti Spintex shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Shanti Spintex ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Shanti Spintex provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Shanti Spintex highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Shanti Spintex .
The balance sheet presents a snapshot of Shanti Spintex ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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