---
title: "Shining Tools Ltd (544607) — Share Price, Financials & Analysis"
symbol: "544607"
company: "Shining Tools Ltd"
canonical: "https://tapetide.com/stocks/544607"
isin: "INE0D8001018"
bse_code: "544607"
sector: "Capital Goods"
industry: "Industrial Products"
market_cap_cr: 108.63
generated_at: "2026-10-13T10:16:21.498Z"
---

# Shining Tools Ltd (544607)

Canonical page: https://tapetide.com/stocks/544607

## Company

- **BSE Code:** 544607
- **ISIN:** INE0D8001018
- **Sector:** Capital Goods
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-11-14
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** tixnatools.com

## About

Incorporated in May 2013, Shining Tools Limited designs and manufactures high-performance solid carbide cutting tools for various industries in India.[1]

## Latest Price

- **Price:** ₹192
- **Change:** +2 (+1.05%)
- **Open:** ₹188.95
- **Day High:** ₹199.45
- **Day Low:** ₹188.2
- **Previous Close:** ₹190
- **Volume:** 20400
- **As Of:** 2026-10-13T08:55:07+00:00

## Key Fundamentals

Price-based figures as of 2026-10-13T14:25:07+05:30.

Observed at 2026-10-13T04:51:04.869463Z.

- **Market Cap:** ₹108.63 Cr
- **Classification:** SME
- **Book Value:** ₹45.7
- **Price to Book:** 4.2
- **Dividend Yield:** 0%
- **ROE:** 15.04%
- **ROCE:** 19.55%
- **Debt to Equity:** 0.24
- **Revenue (yearly):** ₹18.7 Cr
- **Net Income:** ₹3.9 Cr
- **EBITDA:** ₹7.1 Cr
- **52-Week High:** ₹199.45
- **52-Week Low:** ₹38.43
- **RSI (14):** 76.71

## Key Insights

### Strengths

- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.9%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 140 days to 262 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -11.97% | -68.98% | -55.22% |
| ebitda margin growth | -11.6% | -4.58% | 98.95% |
| net income growth | 116.67% | 256% | 130% |
| revenue growth | 26.35% | 21% | 18% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 9.39 | 10.29 |
| Expenses | 5.29 | 7.22 |
| Operating Profit | 4.1 | 3.07 |
| OPM % | 43.66 | 29.83 |
| Other Income | 0.03 | 0.39 |
| Interest | 0.41 | 0.43 |
| Depreciation | 1.26 | 0.97 |
| Profit before tax | 2.46 | 2.06 |
| Tax % | 46.34 | 0 |
| Net Profit | 1.33 | 2.05 |
| EPS in Rs | 3.2 | 3.62 |

### Profit & Loss

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 7.96 | 10.07 | 10.32 | 10.53 | 14.73 | 18.29 |
| Expenses | 5.89 | 8.2 | 8.5 | 6.31 | 8.31 | 11.54 |
| Operating Profit | 2.07 | 1.87 | 1.82 | 4.22 | 6.42 | 6.75 |
| OPM % | 26.01 | 18.57 | 17.64 | 40.08 | 43.58 | 36.91 |
| Other Income | 0.01 | 0.03 | 0.14 | 0.07 | 0.04 | 0.41 |
| Interest | 1.16 | 1.11 | 1.13 | 0.92 | 0.98 | 0.92 |
| Depreciation | 0.84 | 1.04 | 0.93 | 0.74 | 2.46 | 1.67 |
| Profit before tax | 0.08 | -0.25 | -0.1 | 2.63 | 3.02 | 4.57 |
| Tax % | 37.5 | -20 | -30 | 25.48 | 40.73 | 15.1 |
| Net Profit | 0.06 | -0.2 | -0.08 | 1.96 | 1.8 | 3.89 |
| EPS in Rs | 0.3 | -1 | -0.4 | 9.8 | 4.33 | 6.87 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 2 | 2 | 2 | 4.16 | 5.66 |
| Reserves | 0.41 | 0.1 | 0.02 | 2.5 | 3.83 | 20.2 |
| Borrowings | 11.25 | 10.46 | 9.45 | 7.54 | 8.19 | 6.3 |
| Other Liabilities | 4.25 | 5.62 | 5.36 | 4.04 | 3.49 | 3.84 |
| Total Liabilities | 17.91 | 18.18 | 16.83 | 16.08 | 19.67 | 36 |
| Fixed Assets | 6.88 | 6.11 | 5.27 | 6.61 | 6.78 | 13.59 |
| CWIP | 0 | 0 | 0 | 0 | 0.34 | 0 |
| Investments | 0.15 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 10.88 | 12.07 | 11.56 | 9.47 | 12.55 | 22.41 |
| Total Assets | 17.91 | 18.18 | 16.83 | 16.08 | 19.67 | 36 |

### Cash Flow

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 4.08 | 2.3 | 2.31 | 3.32 | 1.17 | 1.03 |
| Cash from Investing Activity | -1.82 | -0.4 | -0.09 | -1.4 | -2.95 | -12.05 |
| Cash from Financing Activity | -2.23 | -1.89 | -2.14 | -1.78 | 1.49 | 11.25 |
| Net Cash Flow | 0.03 | 0.01 | 0.08 | 0.14 | -0.29 | 0.23 |
| Free Cash Flow | 2.26 | 1.89 | 2.23 | 1.92 | -1.8 | -11.04 |
| CFO/OP | 197 | 123 | 127 | 80 | 39 | 33 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 164.62 | 145.35 | 134.05 | 82.5 | 126.62 | 134.51 |
| Inventory Days | 1041.26 | 378.59 | 432.37 | 252.63 | 235.88 | 251.81 |
| Days Payable | 685.21 | 298.02 | 449.51 | 170.67 | 82.56 | 66.68 |
| Cash Conversion Cycle | 520.66 | 225.92 | 116.9 | 164.45 | 279.95 | 319.64 |
| Working Capital Days | 70.16 | 50.02 | 43.86 | 36.05 | 121.17 | 261.83 |
| ROCE % | — | 6.56 | 8.49 | 30.2 | 28.35 | 22.71 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 96.18% | 70.68% |
| FIIs | 0% | 0% |
| DIIs | 0% | 0% |
| Government | 0% | 0% |
| Public | 0% | 27.09% |
| Others | 3.82% | 2.23% |
| No. of Shareholders | 22 | 555 |

## 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 / 4 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 168.44 | Buy |
| EMA (10) | 167.13 | Buy |
| SMA (20) | 153.3 | Buy |
| EMA (20) | 154.44 | Buy |
| SMA (50) | 117.89 | Buy |
| EMA (50) | 127.96 | Buy |
| SMA (100) | 97.63 | Buy |
| EMA (100) | 107.19 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 74.81 | Sell |
| MACD (12,26,9) | 16.99 | Buy |
| Stochastic (14,3,3) | 92.56 | Sell |
| ADX (14) | 57.38 | Buy |
| Williams %R (14) | -0.65 | Sell |
| ATR (14) | 9.32 | High Volatility |
| ROC (12) | 13.9 | Buy |
| Stoch RSI (14) | 45.61 | Neutral |
| UO (7,14,28) | 75.87 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-05-08 | [Shining Tools Limited Has informed Regarding Confirmation On Non-Applicability Of SEBI Circular On Large Corporates Initial Disclosure For FY 2026-27](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ae2c4655-3324-4a9b-aed4-adfa22468a99.pdf) |
| 2026-04-10 | [Clarification On Price Movement With Reference To Your Communication Via Email Dated 9Th April 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/be0aa0e1-bedc-452d-a276-bb82200184d7.pdf) |
| 2026-04-07 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/42983edc-b75b-4f33-982c-57546bcd02c7.pdf) |
| 2026-03-30 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/40940d4d-32cf-4f0c-8722-3b94b3774062.pdf) |
| 2026-03-10 | [Shareholder Meeting / Postal Ballot-Outcome of EGM](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2256a72e-5b55-43b0-855e-81291c4c900e.pdf) |
| 2026-03-10 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b9c1fdf2-9d6b-4524-a263-ae942e49d81c.pdf) |
| 2026-02-26 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/xml-data/corpfiling/AttachHis/10135738-29d8-4651-aab2-873101ada202.pdf) |
| 2026-02-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7e20fbc6-942a-449e-b5a0-1865917b07f8.pdf) |
| 2026-02-16 | [Notice Of 3Rd/ 2025-26 Extra Ordinary General Meeting Pursuant To SEBI (LODR) Regulations 2015.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8fc864f7-5450-4fc9-a5d5-44a355944476.pdf) |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7baeb821-3d74-4255-b47d-f41e81a372e8.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/daf91eb3-87c4-4946-a168-db42a6182819.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6e8d084-a552-4706-beba-b4e747eee565.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/94763d60-a467-4e93-b195-c73ed24cf2d8.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/535602/74842535602.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/535602/69284535602.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/535602/66358535602.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/535602/5356020319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/535602/5356020318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/535602/5356020317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/535602/5356020316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7baeb821-3d74-4255-b47d-f41e81a372e8.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/679ec8ed-7d6a-4c8b-ab8e-eb7fa9ffbcb9.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1d9e01e6-0ca3-48c5-ab88-b27b15945906.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/46034174-5f61-45f7-8c5f-7223f85df341.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/86bfc1e3-ee96-4e09-b1d9-8134b5cee674.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/34458216-91ae-44a8-b063-c70f3cabed9b.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d3acf6e8-dc07-41bf-b92c-8ef8b14afa23.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d58fcc5-8685-43cd-85f3-4e1de6baa2aa.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0f0920d8-bb34-4fb2-9fd2-bcfb463bbaf4.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad3bfc1f-5ec6-4247-87c9-c30081c456f0.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-07-08 | Credit rating update — CRISIL |
| 2025-07-30 | Credit rating update — CRISIL |
| 2025-04-24 | Credit rating update — CRISIL |
| 2025-04-08 | Credit rating update — CRISIL |
| 2024-05-31 | Credit rating update — CRISIL |
| 2024-04-15 | Credit rating update — CRISIL |
| 2024-02-22 | Credit rating update — CRISIL |
| 2023-01-16 | Credit rating update — CRISIL |
| 2022-12-15 | Credit rating update — CRISIL |
| 2021-11-24 | Credit rating update — CRISIL |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-10-12 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b55d90c6-ef9a-405b-bff3-add62a39e9b4.pdf) |
| 2026-10-01 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37d529ef-e02d-435b-b842-48779744a202.pdf) |
| 2026-10-01 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1760add-3691-4a37-ac29-58e761e0f9fa.pdf) |
| 2026-09-30 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ae783e4-9a2d-49c4-8c7c-d0c3a2443f73.pdf) |
| 2026-09-23 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c0133f58-e543-40a3-a7ef-44b3086d6e58.pdf) |
| 2026-09-19 | [Clarification On Price Movement With Reference To Your Communication Via Email Dated 18Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b800d900-684d-467c-ba2e-0500c91147fc.pdf) |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ef62491-6b55-4a5c-972b-f1a96daa8b03.pdf) |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=256f393e-fd01-47e2-bef1-60507fc49d4e.pdf) |
| 2026-09-08 | [Board Meeting Outcome for Board Meeting Outcome For Intimation Of Outcome Of Board Meeting Dated On 8Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=94412753-7781-4dfc-8f21-55adc2670a99.pdf) |
| 2026-09-08 | [Correction Of Day Of Board Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37655640-13d4-4a27-9e09-555088096dec.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-30 | [Outcome Of Board Meeting Held On 30 May 2026 To Consider And Approve The Audited Standalone Financial Results Of The Company For The Quarter And Financial Year Ended On March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bce05e1e-4b9b-4577-8163-562df6ec813f.pdf) |
| 2025-12-04 | [Approval Of Unaudited Standalone Financial Results By Board Of Directors Under IND AS For The Half Year Ended On 30Th September 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72f06fd8-2556-4499-a3ea-d8ab11c0a187.pdf) |

---

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 2026-10-13T10:16:21.498Z.