---
title: "Silverton Spinners Ltd (531118) — Share Price, Financials & Analysis"
symbol: "531118"
company: "Silverton Spinners Ltd"
canonical: "https://tapetide.com/stocks/531118"
isin: "INE034C01017"
bse_code: "531118"
generated_at: "2026-10-13T11:00:52.441Z"
---

# Silverton Spinners Ltd (531118)

Canonical page: https://tapetide.com/stocks/531118

## Company

- **BSE Code:** 531118
- **ISIN:** INE034C01017
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** pacificcotspin.com

## About

Silverton Spinners Limited, formerly Pacific Cotspin Limited, is an India-based manufacturing company. The Companys principal activity includes manufacturing 100% cotton combed and carded waxed yarn with 100% combed yarn capacity. The Company's other activities include manufacturing of mercerized tubular knit fabrics, narrow woven elastic trimmings and gamut of financial services, including merchant banking.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Contingent liabilities of Rs.12.9 Cr.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | -53% |
| revenue growth | -18% |

## 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 44 | 36 | 33 | 29 | 51 | 21 | 21 | 11 | 68 |
| Expenses | 40 | 33 | 30 | 34 | 51 | 25 | 21 | 13 | 77 |
| Operating Profit | 3 | 3 | 3 | -5 | 0 | -4 | 0 | -1 | -9 |
| OPM % | 7 | 9 | 10 | -16 | -1 | -18 | 0.1 | -12 | -14 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 4 |
| Depreciation | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | -2 |
| Profit before tax | -1 | -1 | -1 | -8 | -5 | -9 | -5 | -6 | -11 |
| Tax % | 0 | 0 | 0 | 66 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -1 | -1 | -1 | -13 | -5 | -9 | -5 | -6 | -11 |
| EPS in Rs | -0.29 | -0.29 | -0.29 | -3.33 | -1.34 | -2.24 | -1.24 | -1.66 | -2.9 |

### Profit & Loss

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

| Item | Mar 2006 9m | Mar 2007 | Sep 2011 | Sep 2012 | Dec 2013 15m | TTM |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 118 | 140 | 91 | 102 | 182 | 122 |
| Expenses | 103 | 125 | 97 | 121 | 174 | 137 |
| Operating Profit | 14 | 15 | -7 | -19 | 8 | -15 |
| OPM % | 12 | 11 | -8 | -19 | 4.3 | -12 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest | 6 | 8 | 7 | 11 | 14 | 14 |
| Depreciation | 5 | 6 | 6 | 7 | 8 | 3 |
| Profit before tax | 4 | 1 | -21 | -37 | -13 | -31 |
| Tax % | 0 | 5 | -35 | 24 | 39 | — |
| Net Profit | 4 | 1 | -13 | -46 | -18 | -31 |
| EPS in Rs | 1.78 | 0.44 | -3.44 | -11.72 | -4.68 | -8.04 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Sep 2011 | Sep 2012 | Dec 2013 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 23 | 23 | 39 | 39 | 39 |
| Reserves | 5 | 6 | -30 | -75 | -93 |
| Borrowings | 122 | 128 | 155 | 160 | 206 |
| Other Liabilities | 24 | 24 | 10 | 14 | 33 |
| Total Liabilities | 175 | 182 | 174 | 138 | 185 |
| Fixed Assets | 88 | 85 | 61 | 55 | 47 |
| CWIP | 1 | 4 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 86 | 93 | 113 | 83 | 138 |
| Total Assets | 175 | 182 | 174 | 138 | 185 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Sep 2011 | Sep 2012 | Dec 2013 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 3 | 7 | 0 | 4 | -27 |
| Cash from Investing Activity | -1 | -6 | -4 | 0 | -3 |
| Cash from Financing Activity | -1 | -2 | 4 | -5 | 32 |
| Net Cash Flow | 1 | -1 | 1 | -1 | 2 |
| Free Cash Flow | 2 | 1 | -4 | 4 | -27 |
| CFO/OP | 21 | 49 | 0 | -23 | -342 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Sep 2011 | Sep 2012 | Dec 2013 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 73 | 53 | 97 | 45 | 94 |
| Inventory Days | 159 | 160 | 251 | 197 | 166 |
| Days Payable | 95 | 79 | 16 | 9 | 44 |
| Cash Conversion Cycle | 137 | 133 | 333 | 233 | 216 |
| Working Capital Days | 183 | 174 | 315 | 224 | 201 |
| ROCE % | — | 6 | — | -18 | 0 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 14.24 | Sell |
| EMA (10) | 14.16 | Sell |
| SMA (20) | 14.74 | Sell |
| EMA (20) | 14.63 | Sell |
| SMA (50) | 15.73 | Sell |
| EMA (50) | 15.42 | Sell |
| SMA (100) | 16.38 | Sell |
| EMA (100) | 16.02 | Sell |
| SMA (200) | 16.53 | Sell |
| EMA (200) | 17.07 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.17 | Neutral |
| MACD (12,26,9) | -0.57 | Sell |
| Stochastic (14,3,3) | 21.34 | Neutral |
| ADX (14) | 13.91 | Neutral |
| Williams %R (14) | -78.13 | Neutral |
| ATR (14) | 0.95 | High Volatility |
| ROC (12) | -8.84 | Sell |
| Stoch RSI (14) | 41.64 | Neutral |
| UO (7,14,28) | 47.25 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2016-06-18 | [Standalone Financial Results, Auditors Report for March 31, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=843AB67F_0079_4471_BAA5_295DA822166D_124435.pdf) |
| 2016-06-18 | [Standalone Financial Results, Auditors Report for March 31, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/6/843AB67F_0079_4471_BAA5_295DA822166D_124435.pdf) |
| 2015-10-12 | [Shareholding Pattern For September 30, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=867CAD61_7A48_4FA5_9C6B_9C903532DA15_115227.pdf) |
| 2015-10-12 | [Shareholding Pattern For September 30, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/10/867CAD61_7A48_4FA5_9C6B_9C903532DA15_115227.pdf) |
| 2015-07-10 | [Shareholding Pattern For June 30, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=B9EC179F_B308_4AA3_B7F1_E88CB7E71D6C_114500.pdf) |
| 2015-07-10 | [Shareholding Pattern For June 30, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/7/B9EC179F_B308_4AA3_B7F1_E88CB7E71D6C_114500.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Dec 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/531118/5311181213.pdf) |
| Sep 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/531118/5311180912.pdf) |
| Sep 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/531118/5311180911.pdf) |
| Sep 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/531118/5311180910.pdf) |

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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 2026-10-13T11:00:52.441Z.