---
title: "Salem Textiles Ltd (521052) — Share Price, Financials & Analysis"
symbol: "521052"
company: "Salem Textiles Ltd"
canonical: "https://tapetide.com/stocks/521052"
bse_code: "521052"
generated_at: "2026-10-13T10:59:43.012Z"
---

# Salem Textiles Ltd (521052)

Canonical page: https://tapetide.com/stocks/521052

## Company

- **BSE Code:** 521052
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Salem Textiles Limited, incorporated in India, Listed on the Bombay Stock exchange Limited, the company is engaged in manufactures and sells yarn products

## Latest Price

## Key Insights

### Strengths

- Debtor days have improved from 34.6 to 26.1 days.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -8.37% over past five years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 8% | — | 11% |
| revenue growth | -20% | 0% | -8% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.43 | 1.53 | 0.64 | 1.5 | 1.5 | 1.7 | 1.68 | 1.34 | 1.07 | 1.65 | 1.06 |
| Expenses | 2.1 | 1.84 | 0.86 | 1.82 | 1.74 | 1.81 | 2.04 | 1.98 | 1.58 | 1.77 | 1.32 |
| Operating Profit | 0.33 | -0.31 | -0.22 | -0.32 | -0.24 | -0.11 | -0.36 | -0.64 | -0.51 | -0.12 | -0.26 |
| OPM % | 13.58 | -20.26 | -34.38 | -21.33 | -16 | -6.47 | -21.43 | -47.76 | -47.66 | -7.27 | -24.53 |
| Other Income | 0.03 | 0.01 | 0.01 | 0.06 | 0 | 0.01 | 0.01 | 0.23 | -5.26 | 0.32 | 0.01 |
| Interest | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.07 | 0.07 | 0.08 | 0.07 | 0.07 | 0.07 | 0.08 | 0.07 | 0.07 | 0.03 | 0.03 |
| Profit before tax | 0.28 | -0.37 | -0.29 | -0.33 | -0.31 | -0.17 | -0.43 | -0.48 | -5.84 | 0.17 | -0.28 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0.27 | -0.38 | -0.29 | -0.34 | -0.32 | -0.17 | -0.43 | -0.49 | -5.84 | 0.17 | -0.28 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 15.76 | 15.98 | 12.76 | 6.97 | 8.3 | 8.31 | 6.91 | 8.24 | 5.12 |
| Expenses | 14.81 | 14.25 | 12.55 | 8.3 | 7.95 | 7.6 | 8.02 | 8.13 | 6.65 |
| Operating Profit | 0.95 | 1.73 | 0.21 | -1.33 | 0.35 | 0.71 | -1.11 | 0.11 | -1.53 |
| OPM % | 6.03 | 10.83 | 1.65 | -19.08 | 4.22 | 8.54 | -16.06 | 1.33 | -29.88 |
| Other Income | 0.23 | -2.04 | 0.12 | 0.11 | 0.87 | -0.55 | 0.03 | 0.07 | -4.7 |
| Interest | 0.11 | 0.07 | 0.06 | 0.04 | 0.05 | 0.04 | 0.02 | 0.02 | 0 |
| Depreciation | 1.44 | 0.84 | 0.68 | 0.48 | 0.39 | 0.43 | 0.34 | 0.3 | 0.2 |
| Profit before tax | -0.37 | -1.22 | -0.41 | -1.74 | 0.78 | -0.31 | -1.44 | -0.14 | -6.43 |
| Tax % | 0 | 0 | 7.32 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -0.37 | -1.22 | -0.44 | -1.74 | 0.78 | -0.31 | -1.44 | -0.14 | -6.44 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 6.6 | 6.6 | 6.6 | 6.6 | 6.6 | 6.6 | 6.6 | 6.6 |
| Reserves | -97.73 | -98.95 | -99.39 | -101.13 | -100.35 | -100.66 | -102.11 | -102.24 |
| Borrowings | 86.99 | 86.83 | 86.76 | 86.75 | 86.72 | 42.78 | 42.76 | 42.73 |
| Other Liabilities | 22.21 | 22.46 | 23.44 | 23.03 | 22.25 | 66.2 | 67.27 | 67.08 |
| Total Liabilities | 18.07 | 16.94 | 17.41 | 15.25 | 15.22 | 14.92 | 14.52 | 14.17 |
| Fixed Assets | 5.46 | 5.06 | 4.98 | 4.53 | 4.52 | 4.09 | 3.75 | 3.45 |
| CWIP | 0.71 | 0.71 | 0.71 | 0.71 | 0.71 | 0.71 | 0.71 | 0.71 |
| Investments | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| Other Assets | 11.65 | 10.92 | 11.47 | 9.76 | 9.74 | 9.87 | 9.81 | 9.76 |
| Total Assets | 18.07 | 16.94 | 17.41 | 15.25 | 15.22 | 14.92 | 14.52 | 14.17 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.27 | 0.73 | 0.73 | -0.13 | -0.1 | -0.18 | 0.03 | -0.07 |
| Cash from Investing Activity | -0.19 | -0.44 | -0.6 | -0.03 | 0.16 | 0.15 | 0 | 0 |
| Cash from Financing Activity | -0.06 | -0.16 | -0.04 | 0.01 | -0.03 | -0.06 | 0 | 0 |
| Net Cash Flow | 0.02 | 0.13 | 0.09 | -0.15 | 0.03 | -0.09 | 0.03 | -0.07 |
| Free Cash Flow | 0.08 | 0.29 | 0.13 | -0.16 | 0.06 | -0.03 | 0.03 | -0.07 |
| CFO/OP | 28 | 42 | 348 | 10 | -29 | -25 | -3 | -64 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 25.01 | 40.2 | 51.2 | 37.18 | 45.3 | 46.56 | 31.16 | 26.13 |
| Inventory Days | 26.98 | — | — | — | — | — | — | — |
| Days Payable | 2691.34 | — | — | — | — | — | — | — |
| Cash Conversion Cycle | -2639.35 | 40.2 | 51.2 | 37.18 | 45.3 | 46.56 | 31.16 | 26.13 |
| Working Capital Days | -248.27 | -270.21 | -353.27 | -706.43 | -561.57 | -2406.1 | -2930.56 | -2439.39 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 66.3% | 72.55% | 70.62% | 78.52% | 69.33% | 62.93% | 62.93% | 62.93% | 62.93% | 62.93% |
| FIIs | 5.28% | 5.12% | 4.26% | 3.31% | 4.59% | 8.48% | 8.95% | 10.57% | 10.54% | 14.61% |
| DIIs | 21.23% | 16.86% | 17.65% | 11.02% | 12.6% | 13.61% | 16.2% | 14.39% | 11.85% | 10.47% |
| Public | 7.19% | 5.47% | 7.47% | 7.15% | 13.48% | 14.97% | 11.92% | 12.1% | 14.67% | 11.98% |
| No. of Shareholders | 164670 | 153150 | 189044 | 225291 | 563458 | 639136 | 629444 | 759083 | 1799432 | 1530698 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 62.93% | 62.93% | 62.93% | 62.93% | 62.93% | 62.93% | 62.93% | 62.93% | 62.93% | 62.93% | 62.93% | 62.93% |
| FIIs | 8.95% | 8.91% | 10.19% | 11.21% | 10.57% | 11.91% | 11.26% | 11.1% | 10.54% | 11.38% | 11.89% | 14.61% |
| DIIs | 16.2% | 15.93% | 14.91% | 14.29% | 14.39% | 11.19% | 11.65% | 11.71% | 11.85% | 11.41% | 12.23% | 10.47% |
| Public | 11.92% | 12.21% | 11.96% | 11.55% | 12.1% | 13.94% | 14.17% | 14.24% | 14.67% | 14.27% | 12.92% | 11.98% |
| No. of Shareholders | 629444 | 635556 | 638401 | 644770 | 759083 | 1193267 | 1639363 | 1748708 | 1799432 | 1699715 | 1614081 | 1530698 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 6 / 2

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 63.68 | Buy |
| EMA (10) | 63.99 | Buy |
| SMA (20) | 61.88 | Buy |
| EMA (20) | 62.73 | Buy |
| SMA (50) | 61.23 | Buy |
| EMA (50) | 62.18 | Buy |
| SMA (100) | 63.8 | Buy |
| EMA (100) | 63.46 | Buy |
| SMA (200) | 64.43 | Buy |
| EMA (200) | 68.54 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 62 | Neutral |
| MACD (12,26,9) | 1.3 | Buy |
| Stochastic (14,3,3) | 72.44 | Neutral |
| ADX (14) | 15.73 | Neutral |
| Williams %R (14) | -13.96 | Sell |
| ATR (14) | 2.45 | High Volatility |
| ROC (12) | 7.24 | Buy |
| Stoch RSI (14) | 74.67 | Neutral |
| UO (7,14,28) | 59.32 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-09 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6619d3e3-b3e1-4550-b35c-47bfac531142.pdf) |
| 2026-03-09 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ec0ae9b6-068f-401c-9262-ecc1e552f37f.pdf) |
| 2026-03-04 | [Canara Bank Code Of Conduct For Prohibition Of Insider Trading 2026-27](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8876a290-f1b9-4d84-ad21-498836e0ad1a.pdf) |
| 2026-03-04 | [Credit Confirmation Of Annual Interest Payment](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b0af01fc-2e84-4252-9619-09f5d36f104e.pdf) |
| 2026-02-27 | [Issue Of Basel III Compliant Tier II Bonds, Series I For Rs.5,000 Crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01026c75-09ab-4eab-9461-d3721c35f9e9.pdf) |
| 2026-02-16 | [Credit Confirmation Of Annual Interest Payment](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c722faa3-ee9c-42da-929b-b311fec08985.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb1e639f-8789-4b60-a447-7aba049246c5.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/xml-data/corpfiling/AttachHis/556502a7-0f36-48df-bd40-e7bb3c36c7e3.pdf) |
| 2026-02-11 | [Change In MCLR W.E.F. 12.02.2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a66f2eb4-3413-4c5e-9f90-6a5a41f12ab8.pdf) |
| 2026-02-11 | [Notice Of Strike](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3cd292ef-81a3-4dbc-8dc7-84c8329084cf.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4bfe9370-9caf-4675-a406-4df51fa9e018.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e755e34b-9a3b-4082-ba59-ddca97649e44.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a1c03c31-06b0-404b-ad62-7177954235e0.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/532483/73046532483_17_06_22.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/532483/68835532483.pdf) |
| Mar 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/532483/5324830320.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/532483/5324830319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/532483/5324830318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/532483/5324830317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/532483/5324830316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a231c04d-8c2c-45b3-bf71-af599183ad7b.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4c3d524-32c7-4aef-95df-29b4905e3348.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63e53b9a-e3de-49bb-827e-c48a7e7f4186.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/377c83e4-07b7-418d-8bbc-413709fc6de3.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cbf83da8-5298-409f-ba20-6c266875cf0f.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7703e8c-d811-4cae-91ff-841a365f5c85.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ba1e3780-ec56-49f8-ae57-d05ce92e720e.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/76391317-8c8a-4399-8288-6e05763f4602.pdf) |
| Jan 2024 | [Concall - Jan 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28eedf48-5123-410b-8db8-c57dadafd334.pdf) |
| Oct 2023 | [Concall - Oct 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4aaa9d3-0770-44e6-bef6-dfbe69b3e8d8.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-03-09 | Credit rating update — ICRA |
| 2026-02-18 | Credit rating update — CRISIL |
| 2026-02-13 | Credit rating update — ICRA |
| 2026-02-13 | Credit rating update — India Ratings |
| 2026-01-05 | Credit rating update — CRISIL |
| 2026-01-05 | Credit rating update — India Ratings |
| 2025-11-06 | Credit rating update — CARE Ratings |
| 2025-10-30 | Credit rating update — ICRA |

---

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 2026-10-13T10:59:43.012Z.