Spinaroo Commercial
SPINAROOCOMMERCIALLTD NSE
Spinaroo Commercial
Forest MaterialsNSE: SPINAROOCOMMERCIALLTD BSE: 544392 Paper & Paper Products
Key Fundamentals
SMEPaper & Paper ProductsForest MaterialsMarket Cap
₹34.20 Cr
Volatility
Low Risk
P/E Ratio
63.5
EBITDA
₹1.40 Cr
Return on Equity
3.19%
Debt to Equity
0.39
Book Value
₹24.06
52W High
₹76
52W Low
₹26.6
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.7% over last 3 years.
- Working capital days have increased from 68.2 days to 120 days
Growth Rate
Revenue Growth
0% higher than
3Y
Net Income Growth
-64.29% lower than
3Y
Cash Flow Change
-785% higher than
3Y
ROE
-83.44% lower than
3Y
ROCE
-78.72% higher than
3Y
EBITDA Margin (Avg.)
-51.99% lower than
3Y
Quarterly Results
| Particulars | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 21.02 | 18.3 | 19.37 | 19.9 |
| Expenses | 19.69 | 16.69 | 18.48 | 19.37 |
| Operating Profit | 1.33 | 1.61 | 0.89 | 0.53 |
| OPM % | 6.33% | 8.8% | 4.59% | 2.66% |
| Other Income | 0 | 0.02 | 0.01 | 0 |
| Interest | 0.36 | 0.34 | 0.16 | 0.26 |
| Depreciation | 0.15 | 0.14 | 0.15 | 0.11 |
| PBT | 0.82 | 1.15 | 0.59 | 0.16 |
| Tax % | 25.61% | 27.83% | 27.12% | 37.5% |
| Net Profit | 0.61 | 0.82 | 0.44 | 0.09 |
| EPS in Rs | 1.22 | 1.64 | 0.63 | 0.13 |
Profit & Loss
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 47.43 | 53.12 | 40.84 | 39.31 | 39.27 |
| Expenses | 45.18 | 50.92 | 38.18 | 36.36 | 37.82 |
| Operating Profit | 2.25 | 2.2 | 2.66 | 2.95 | 1.45 |
| OPM % | 4.74% | 4.14% | 6.51% | 7.5% | 3.69% |
| Other Income | 0.13 | 0.07 | 0.38 | 0.02 | 0.01 |
| Interest | 0.81 | 0.78 | 0.75 | 0.71 | 0.45 |
| Depreciation | 0.64 | 0.51 | 0.43 | 0.29 | 0.25 |
| PBT | 0.93 | 0.98 | 1.86 | 1.97 | 0.76 |
| Tax % | 44.09% | 5.1% | 24.73% | 26.9% | 28.95% |
| Net Profit | 0.52 | 0.93 | 1.4 | 1.44 | 0.54 |
| EPS in Rs | 5.2 | 9.3 | 14 | 2.88 | 0.77 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 5 | 6.99 |
| Reserves | 2.7 | 3.63 | 5.03 | 2.47 | 9.84 |
| Borrowings | 9 | 8.44 | 7.52 | 7.79 | 6.51 |
| Other Liabilities | 5.12 | 6.4 | 5.13 | 4.95 | 4.5 |
| Total Liabilities | 17.82 | 19.47 | 18.68 | 20.21 | 27.84 |
| Fixed Assets | 2.85 | 2.45 | 1.77 | 1.62 | 1.52 |
| CWIP | 0 | 0 | 0 | 0 | 0.32 |
| Investments | 0.24 | 0.24 | 0.41 | 0.43 | 1.74 |
| Other Assets | 14.73 | 16.78 | 16.5 | 18.16 | 24.26 |
| Total Assets | 17.82 | 19.47 | 18.68 | 20.21 | 27.84 |
Cash Flow
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating | 1.23 | 1.81 | -0.64 | 0.93 | -6.37 |
| Investing | -0.33 | -0.11 | 0.74 | -0.13 | -1.78 |
| Financing | -1.26 | -1.33 | -0.15 | -0.81 | 7.7 |
| Net Cash Flow | -0.36 | 0.37 | -0.05 | 0 | -0.44 |
| Free Cash Flow | 1.11 | 1.69 | 0.1 | 0.8 | -6.84 |
| CFO/OP | 77 | 95 | -7 | 49 | -405 |
Ratios
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 29.63 | 31.88 | 33.6 | 35.66 | 45.54 |
| Inventory Days | 72.56 | 76.02 | 119 | 142 | 190 |
| Days Payable | 34.21 | 41.53 | 41.27 | 44.73 | 42.93 |
| Cash Conversion Cycle | 67.98 | 66.37 | 111 | 133 | 193 |
| Working Capital Days | 10 | 17.18 | 34.68 | 49.86 | 120 |
| ROCE % | — | 13.66% | 17.81% | 18.6% | 6.27% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Spinaroo Commercial insights
62 extracted metrics + investor summaries across FY14–FY26.
Documents
1
Board Meeting Intimation for Intimation Under Regulation 29(1) And 29(1)(D) Of SEBI (LODR), Regulations, 2015 - Notice Of Board Meeting
10h - Board meeting scheduled for 14 May 2026 to discuss company performance and other items. 10h - Board meeting scheduled for 14 May 2026 to discuss company performance and other items.
2
Disclosure As per Regulation 29(2) Of SEBI (SAST) Regulations, 2011
7 May - Aditya Todi acquired 8,25,000 shares via inter-se transfer on May 6, 2026, raising holding to 23.492%. 7 May - Aditya Todi acquired 8,25,000 shares via inter-se transfer on May 6, 2026, raising holding to 23.492%.
3
Board Meeting Outcome for Outcome Of Board Meeting Held On 06Th May, 2026, As per Regulation 30 Of SEBI (LODR) Regulations, 2015
6 May - Board approved FY26 audited results, AGM on 30 May 2026, and up to Rs. 2 crore investment. 6 May - Board approved FY26 audited results, AGM on 30 May 2026, and up to Rs. 2 crore investment.
4
Statement Of Deviation Or Variation Of Funds Under Regulation 32 Of SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations)
6 May - No deviation in use of preferential issue and rights issue proceeds for quarter ended 31-03-2026. 6 May - No deviation in use of preferential issue and rights issue proceeds for quarter ended 31-03-2026.
5
Results For The Year Ended 31St March, 2026
6 May - Board approved FY26 audited results, AGM on 30 May 2026, and up to Rs2 crore investment in Spino Poly. 6 May - Board approved FY26 audited results, AGM on 30 May 2026, and up to Rs2 crore investment in Spino Poly.
2
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 18 Aug 2026
General_Announcements
Frequently Asked Questions about Spinaroo Commercial
What does Spinaroo Commercial Ltd do?
Incorporated in 2012, Spinaroo Commercial Ltd manufactures aluminium and paper products, and deals in machineries.[1]
Where is Spinaroo Commercial Ltd (544392) listed?
Spinaroo Commercial Ltd trades as SPINAROOCOMMERCIALLTD on the NSE and under code 544392 on the BSE.
Which sector does Spinaroo Commercial Ltd belong to?
Spinaroo Commercial Ltd is classified under the Forest Materials sector, in the Paper & Paper Products industry.
What is the market capitalisation of Spinaroo Commercial Ltd?
Spinaroo Commercial Ltd has a market capitalisation of ₹34.2 Cr, which places it in the Small Cap band.
What is the PE ratio of Spinaroo Commercial Ltd?
Spinaroo Commercial Ltd trades at a PE ratio of 63.50, against a book value of ₹24.06 per share.
What is the 52-week high and low of Spinaroo Commercial Ltd?
Over the last 52 weeks Spinaroo Commercial Ltd has traded between ₹26.6 and ₹76.
What is the Return on Equity (ROE) of Spinaroo Commercial Ltd?
Spinaroo Commercial Ltd reported a return on equity of 3.19%. Its debt-to-equity ratio is 0.39.
Company Information
Incorporated in 2012, Spinaroo Commercial Ltd manufactures aluminium and paper products, and deals in machineries.[1]
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