---
title: "Bafna Spinning Mills & Exports Ltd (531733) — Share Price, Financials & Analysis"
symbol: "531733"
company: "Bafna Spinning Mills & Exports Ltd"
canonical: "https://tapetide.com/stocks/531733"
isin: "INE657F01034"
bse_code: "531733"
generated_at: "2026-10-13T11:55:47.155Z"
---

# Bafna Spinning Mills & Exports Ltd (531733)

Canonical page: https://tapetide.com/stocks/531733

## Company

- **BSE Code:** 531733
- **ISIN:** INE657F01034
- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** bafnalimited.in

## About

Bafna Spinning Mills & Exports Ltd. manufactures synthetic yarn.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.07 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -44.5% over past five years.
- Company has a low return on equity of 0.29% over last 3 years.
- Working capital days have increased from 5,513 days to 10,244 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 0% | -59% | -20% |
| revenue growth | — | -81% | -44% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 9765 | 10184 | 9797 | 9127 | 9454 | 9430 | 9777 | 9907 | 10198 | 10207 | 10893 | 10518 |
| Expenses | 8621 | 8992 | 8566 | 7881 | 8419 | 8219 | 8590 | 8714 | 9165 | 8911 | 9519 | 9110 |
| Operating Profit | 1144 | 1192 | 1231 | 1246 | 1035 | 1210 | 1186 | 1193 | 1033 | 1296 | 1374 | 1408 |
| OPM % | 12 | 12 | 13 | 14 | 11 | 13 | 12 | 12 | 10 | 13 | 13 | 13 |
| Other Income | 78 | 76 | 140 | 52 | 53 | 51 | 47 | 99 | 87 | 69 | 107 | 77 |
| Interest | 83 | 100 | 156 | 146 | 153 | 143 | 159 | 161 | 150 | 144 | 141 | 134 |
| Depreciation | 181 | 188 | 222 | 236 | 233 | 232 | 241 | 242 | 241 | 252 | 262 | 269 |
| Profit before tax | 957 | 981 | 993 | 917 | 702 | 886 | 834 | 890 | 729 | 969 | 1078 | 1082 |
| Tax % | 25 | 25 | 23 | 25 | 29 | 27 | 27 | 26 | 19 | 26 | 25 | 24 |
| Net Profit | 716 | 738 | 764 | 691 | 501 | 646 | 609 | 654 | 590 | 715 | 808 | 828 |
| EPS in Rs | 9.3 | 9.06 | 9.4 | 8.41 | 6.08 | 7.87 | 7.42 | 7.95 | 7.17 | 8.67 | 9.79 | 10.05 |

### 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 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 8.53 | 10.68 | 62.18 | 6.18 | 0 | 0.45 |
| Expenses | 0 | 8.46 | 10.6 | 61.89 | 5.9 | 0.03 | 0.44 |
| Operating Profit | 0 | 0.07 | 0.08 | 0.29 | 0.28 | -0.03 | 0.01 |
| OPM % | — | 0.82 | 0.75 | 0.47 | 4.53 | — | 2.22 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0.06 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0.04 | 0.04 | 0.04 | 0.03 | 0.01 | 0 |
| Profit before tax | 0 | 0.03 | 0.04 | 0.25 | 0.25 | 0.02 | 0.01 |
| Tax % | — | 0 | 0 | 40 | 40 | 50 | 0 |
| Net Profit | 0 | 0.03 | 0.04 | 0.15 | 0.15 | 0.01 | 0.01 |
| EPS in Rs | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 |
| Dividend Payout % | — | 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 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 19.45 | 19.45 | 19.45 | 19.45 | 19.45 | 19.45 | 19.45 |
| Reserves | 0 | 0.03 | 0.07 | 0.22 | 0.37 | 0.38 | 0.38 |
| Borrowings | 0.02 | 0 | 0.01 | 0.11 | 0.08 | 0.08 | 0.08 |
| Other Liabilities | 0 | 0.12 | 8.58 | 69.11 | 74.66 | 74.57 | 0.01 |
| Total Liabilities | 19.47 | 19.6 | 28.11 | 88.89 | 94.56 | 94.48 | 19.92 |
| Fixed Assets | 4.01 | 3.97 | 3.93 | 3.91 | 3.87 | 3.82 | 3.82 |
| CWIP | 2.79 | 2.79 | 2.79 | 2.79 | 2.79 | 2.78 | 2.78 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 12.67 | 12.84 | 21.39 | 82.19 | 87.9 | 87.88 | 13.32 |
| Total Assets | 19.47 | 19.6 | 28.11 | 88.89 | 94.56 | 94.48 | 19.92 |

### 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 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | 0 | -0.1 | -0.1 | 0.02 | 0.01 |
| Cash from Investing Activity | — | — | 0 | -0.01 | 0.02 | 0 | 0 |
| Cash from Financing Activity | — | — | 0 | 0.1 | 0.07 | 0 | 0 |
| Net Cash Flow | — | — | 0 | -0.01 | -0.01 | 0.02 | 0.01 |
| Free Cash Flow | — | — | 0 | -0.11 | -0.08 | 0.02 | 0.01 |
| CFO/OP | — | — | 0 | -34 | -36 | -67 | 100 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 0 | 298.36 | 408.2 | 4444.97 | — | 0 |
| Inventory Days | — | 0 | 0 | 0 | 0 | — | — |
| Cash Conversion Cycle | — | 0 | 298.36 | 408.2 | 4444.97 | — | 0 |
| Working Capital Days | — | 535.73 | 437.11 | 76.72 | 781.97 | — | 10244.33 |
| ROCE % | — | 0.15 | 0.21 | 1.27 | 1.26 | 0.1 | 0.05 |

## 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 | 75% | 66.52% | 67.01% | 68.11% | 68.12% | 69.87% | 57.95% | 60.49% | 60.87% | 61.22% |
| FIIs | 12.49% | 11.16% | 10.96% | 12.59% | 13.21% | 15.1% | 21.92% | 20.83% | 21.37% | 21.53% |
| DIIs | 1.83% | 12.75% | 9.3% | 7.89% | 7.32% | 6.31% | 6.15% | 6.62% | 6.91% | 7.23% |
| Public | 10.68% | 9.56% | 12.73% | 11.41% | 11.35% | 8.72% | 13.99% | 12.06% | 10.8% | 9.93% |
| Others | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.01% | 0.08% |
| No. of Shareholders | 46412 | 49303 | 61909 | 60280 | 73578 | 110268 | 146581 | 187726 | 222569 | 209086 |

### 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 | 57.95% | 57.95% | 57.94% | 58.68% | 60.49% | 60.48% | 60.48% | 60.7% | 60.87% | 61.1% | 61.23% | 61.22% |
| FIIs | 21.92% | 22.2% | 23.37% | 22.56% | 20.83% | 22.49% | 22.78% | 22.16% | 21.37% | 21.26% | 21.42% | 21.53% |
| DIIs | 6.15% | 6.01% | 5.42% | 5.81% | 6.62% | 6.25% | 5.86% | 6.26% | 6.91% | 7.09% | 7.08% | 7.23% |
| Public | 13.99% | 13.85% | 13.26% | 12.94% | 12.06% | 10.78% | 10.86% | 10.81% | 10.8% | 10.55% | 10.18% | 9.93% |
| Others | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.04% | 0.01% | 0.01% | 0.09% | 0.08% |
| No. of Shareholders | 146581 | 139365 | 152709 | 166183 | 187726 | 202103 | 209910 | 211924 | 222569 | 219278 | 212125 | 209086 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-10 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5310AF93_CA87_46C1_8A52_284499EAF5D3_155627.pdf) |
| 2026-03-02 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/026F506E_5495_48DE_A649_59434EBD7908_171228.pdf) |
| 2026-02-26 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/D89D50CD_5A81_4B66_A241_7E35205FD883_154719.pdf) |
| 2026-02-25 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/54EF710A_76A3_459D_A230_38539639889B_125226.pdf) |
| 2026-02-23 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4698a0c6-2577-45e6-824c-a1fecac44af9.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3aa46a6e-a0e4-48e1-920b-d785162b4485.pdf) |
| 2026-02-13 | [Intimation Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015 - Corporate Presentation.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/afd6df23-b3cb-4a8e-abc3-02d85e77924b.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Updates on Acquisition](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b7c5d4f-1b6d-4fd2-9dd3-123e6757e265.pdf) |
| 2026-02-03 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/08218D64_D3E5_4C34_BD08_E8C6E442D1F8_151725.pdf) |
| 2026-01-28 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6f0da814-176a-4277-b341-c70a1507dd73.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c0f9f34e-9441-4467-b99f-51a9e88aa0ce.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ba83fd60-8bbc-4c67-8f61-73539de3cd0b.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6705952-f6a4-4c55-ab69-8434cc800b92.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/532508/76790532508.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/532508/69834532508.pdf) |
| Mar 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/532508/5325080320.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/532508/5325080319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/532508/5325080318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/532508/5325080317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/532508/5325080316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4b9716d5-a95f-4c1b-8fa1-894ab1c502e2.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6f0da814-176a-4277-b341-c70a1507dd73.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a99e7c2e-cb75-452e-bdfa-7e437b0fb833.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/179f2226-120b-4fb7-afe8-a5501e33c11f.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/343a11f4-4ba0-44b2-bcdc-bdebbd8cecc7.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ca72584-2de7-473e-a0f9-ed2f6564199e.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/50316527-4504-4524-9c33-2f992dd8f46a.pdf) |
| Mar 2025 | [Concall - Mar 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ee43f503-56da-421c-b625-2129f3d8e863.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f251e99b-2c89-4a01-a508-4132d1283f70.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eac338e2-91bc-4338-af13-379bc64120a4.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-01-06 | Credit rating update — India Ratings |
| 2025-10-09 | Credit rating update — CARE Ratings |
| 2025-03-21 | Credit rating update — CRISIL |
| 2025-03-12 | Credit rating update — CARE Ratings |
| 2024-11-29 | Credit rating update — India Ratings |
| 2024-10-09 | Credit rating update — CARE Ratings |

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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 2026-10-13T11:55:47.155Z.