---
title: "Gandhidham Spg. & Mfg. Co. Ltd (502856) — Share Price, Financials & Analysis"
symbol: "502856"
company: "Gandhidham Spg. & Mfg. Co. Ltd"
canonical: "https://tapetide.com/stocks/502856"
bse_code: "502856"
generated_at: "2026-10-13T11:01:43.205Z"
---

# Gandhidham Spg. & Mfg. Co. Ltd (502856)

Canonical page: https://tapetide.com/stocks/502856

## Company

- **BSE Code:** 502856
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Gandhidham Spinning & Manufacturing Company engages in manufacturing cotton and blended yarn.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -11.5% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | -15% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.01 | 0.12 | 0.01 | 0.02 | 0.01 | 0.03 | 0.02 | 0.06 | 0.03 | 0.01 | 0.06 | 0.03 |
| Operating Profit | -0.01 | -0.12 | -0.01 | -0.02 | -0.01 | -0.03 | -0.02 | -0.06 | -0.03 | -0.01 | -0.06 | -0.03 |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0.01 | 0 | 0 |
| Profit before tax | -0.01 | -0.12 | -0.01 | -0.02 | -0.01 | -0.03 | -0.03 | -0.06 | -0.03 | -0.02 | -0.06 | -0.03 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.02 | -0.13 | -0.02 | -0.02 | -0.02 | -0.02 | -0.03 | -0.06 | -0.03 | -0.02 | -0.07 | -0.03 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0.34 | 0.45 | 0 | 0 | 0 | 0 |
| Expenses | 0.11 | 0.04 | 0.06 | 0.16 | 0.06 | 0.09 | 0.17 | 0.08 | 0.13 | 0.13 |
| Operating Profit | -0.11 | -0.04 | -0.06 | -0.16 | 0.28 | 0.36 | -0.17 | -0.08 | -0.13 | -0.13 |
| OPM % | — | — | — | — | 82.35 | 80 | — | — | — | — |
| Other Income | 0.29 | 0.16 | 0.2 | 0.41 | 0 | 0 | 0.24 | 0.01 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 |
| Profit before tax | 0.16 | 0.1 | 0.12 | 0.23 | 0.26 | 0.34 | 0.05 | -0.08 | -0.15 | -0.14 |
| Tax % | 0 | 0 | 0 | 4.35 | 0 | 94.12 | 100 | 0 | 0 | — |
| Net Profit | 0.16 | 0.1 | 0.12 | 0.22 | 0.26 | 0.02 | 0 | -0.09 | -0.15 | -0.15 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3.35 | 3.35 | 3.35 | 3.35 | 3.35 | 3.35 | 3.35 | 3.35 | 3.35 | 3.35 |
| Reserves | -3.47 | -3.31 | -3.21 | -3.09 | -2.86 | -2.61 | -2.58 | -2.58 | -2.68 | -2.83 |
| Borrowings | 0.81 | 0.88 | 0.77 | 0.69 | 0.44 | 0.44 | 0.49 | 0.2 | 0.27 | 0.52 |
| Other Liabilities | 0.2 | 0.14 | 0.12 | 0.16 | 0.14 | 0.16 | 0.27 | 0.15 | 0.14 | 0.11 |
| Total Liabilities | 0.89 | 1.06 | 1.03 | 1.11 | 1.07 | 1.34 | 1.53 | 1.12 | 1.08 | 1.15 |
| Fixed Assets | 0.41 | 0.5 | 0.47 | 0.46 | 0.44 | 0.42 | 0.4 | 0.38 | 0.65 | 0.63 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.19 | 0 | 0 |
| Other Assets | 0.48 | 0.56 | 0.56 | 0.65 | 0.63 | 0.92 | 1.13 | 0.55 | 0.43 | 0.52 |
| Total Assets | 0.89 | 1.06 | 1.03 | 1.11 | 1.07 | 1.34 | 1.53 | 1.12 | 1.08 | 1.15 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.01 | 0.05 | 0.08 | 0.09 | 0.29 | 0.25 | 0.29 | -0.06 | -0.06 | -0.16 |
| Cash from Investing Activity | 0.03 | -0.09 | 0 | 0 | 0 | 0 | 0 | -0.19 | -0.1 | 0 |
| Cash from Financing Activity | -0.05 | 0.07 | -0.11 | -0.08 | -0.25 | 0 | 0.05 | -0.29 | 0.07 | 0.25 |
| Net Cash Flow | -0.01 | 0.03 | -0.03 | 0.01 | 0.04 | 0.25 | 0.34 | -0.54 | -0.09 | 0.09 |
| Free Cash Flow | 0.04 | -0.04 | 0.08 | 0.09 | 0.29 | 0.25 | 0.29 | -0.06 | -0.35 | -0.16 |
| CFO/OP | -8 | -45 | -200 | -150 | -181 | 89 | 81 | -18 | 12 | 123 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | — | — | — | 461.62 | 348.78 | — | — | — |
| Cash Conversion Cycle | — | — | — | — | — | 461.62 | 348.78 | — | — | — |
| Working Capital Days | — | — | — | — | — | 515.29 | 186.56 | — | — | — |
| ROCE % | -8.51 | 12.42 | 10.93 | 12.9 | 24.47 | 24.64 | 27.87 | 4.48 | -8.38 | -15.15 |

## Shareholding Pattern

### annual

| Category | Dec 2016 |
| --- | --- |
| Promoters | 98.82% |
| DIIs | 0.76% |
| Public | 0.43% |
| No. of Shareholders | 173 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- |
| Promoters | 98.82% | 98.82% | 98.82% |
| DIIs | 0.76% | 0.76% | 0.76% |
| Public | 0.43% | 0.43% | 0.43% |
| No. of Shareholders | 173 | 173 | 173 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 6 / 6

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 2702.13 | Sell |
| EMA (10) | 2671.14 | Sell |
| SMA (20) | 2598.61 | Buy |
| EMA (20) | 2615.15 | Buy |
| SMA (50) | 2495.73 | Buy |
| EMA (50) | 2581.05 | Buy |
| SMA (100) | 2696.6 | Sell |
| EMA (100) | 2667.71 | Sell |
| SMA (200) | 2868.37 | Sell |
| EMA (200) | 2855.19 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.76 | Neutral |
| MACD (12,26,9) | 67.48 | Buy |
| Stochastic (14,3,3) | 55.69 | Neutral |
| ADX (14) | 22.82 | Neutral |
| Williams %R (14) | -47.65 | Neutral |
| ATR (14) | 101.19 | High Volatility |
| ROC (12) | 6.26 | Buy |
| Stoch RSI (14) | 11.39 | Buy |
| UO (7,14,28) | 61.44 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7b735ffe-0c60-482a-8bc4-b9c836442dd8.pdf) |
| 2026-02-09 | [Results- Financial Results For December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1702f46e-69cb-4f1c-8484-e42df7a72cb7.pdf) |
| 2026-02-09 | [Board Meeting Outcome for Outcome For Board Meeting Approving The Unaudited Financial Results For The Period 31.12.2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6956865f-afc6-4ee6-beb4-f5b3aaf2d5bc.pdf) |
| 2026-02-02 | [Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Quarter And Nine Months Ended 31.12.2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/35c12196-f3a6-43d0-95f6-d19779577da1.pdf) |
| 2026-01-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/27868aa7-e488-426d-a57d-fff2762d1efe.pdf) |
| 2016-11-04 | [Standalone Financial Results for September 30, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=478C53E4_1002_4F4E_B49C_8BFF640A9DD0_180811.pdf) |
| 2016-11-04 | [Standalone Financial Results for September 30, 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/11/478C53E4_1002_4F4E_B49C_8BFF640A9DD0_180811.pdf) |
| 2016-10-20 | [Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=D83A5C16_3902_4A88_B3BE_B44F29B1A296_112441.pdf) |
| 2016-10-20 | [Outcome of AGM](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/10/D83A5C16_3902_4A88_B3BE_B44F29B1A296_112441.pdf) |
| 2016-10-19 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended September 30, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=B4281748_0A53_4D72_93D7_320DC6432094_105735.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f22b9b63-9db6-42bf-95c8-73fd414c0fac.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7b306950-f544-497e-a77c-108b010bbed4.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/11169c10-20b0-465d-ac7b-d74fcace2406.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/542628/74448542628.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/542628/71519542628.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/542628/67265542628.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/542628/5426280319.pdf) |
| 2018 | [Financial Year 2018](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2018/NORTHERN_SPIRITS_LTD-542628-MARCH-2018.PDF) |
| 2017 | [Financial Year 2017](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2017/NORTHERN_SPIRITS_LTD-542628-MARCH-2017.PDF) |
| 2016 | [Financial Year 2016](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2016/NORTHERN_SPIRITS_LTD-542628-MARCH-2016.PDF) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-11-20 | Credit rating update — India Ratings |
| 2025-07-10 | Credit rating update — India Ratings |
| 2024-11-27 | Credit rating update — India Ratings |
| 2024-10-29 | Credit rating update — India Ratings |
| 2023-11-30 | Credit rating update — India Ratings |
| 2023-08-11 | Credit rating update — India Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:43.205Z.