---
title: "Hindoostan Spinning and Weaving Mills Ltd(merged) (HINDSPG) — Share Price, Financials & Analysis"
symbol: "HINDSPG"
company: "Hindoostan Spinning and Weaving Mills Ltd(merged)"
canonical: "https://tapetide.com/stocks/HINDSPG"
generated_at: "2026-10-13T10:59:15.243Z"
---

# Hindoostan Spinning and Weaving Mills Ltd(merged) (HINDSPG)

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

## Company

- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** hindoostan.com

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 144 to 93.0 days.

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -3.26% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | -344% | — |
| revenue growth | -42% | -16% |

## Financial Statements

### Profit & Loss

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

| Item | Sep 2006 | Sep 2007 | Sep 2008 | Sep 2009 | Mar 2010 6m |
| --- | --- | --- | --- | --- | --- |
| Sales | 60.77 | 53.62 | 61.04 | 53.01 | 35.46 |
| Expenses | 61.67 | 58.69 | 66.11 | 56.95 | 43.48 |
| Operating Profit | -0.9 | -5.07 | -5.07 | -3.94 | -8.02 |
| OPM % | -1.48 | -9.46 | -8.31 | -7.43 | -22.62 |
| Other Income | 4.45 | 4.5 | 5.29 | 6.92 | 7.68 |
| Interest | 0.07 | 0.16 | 0.1 | 0.06 | 0.04 |
| Depreciation | 2.37 | 1.83 | 1.02 | 0.67 | 0.34 |
| Profit before tax | 1.11 | -2.56 | -0.9 | 2.25 | -0.72 |
| Tax % | 5.41 | 1.95 | -13.33 | 0.89 | 45.83 |
| Net Profit | 1.05 | -2.61 | -0.78 | 2.23 | -1.05 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Sep 2006 | Sep 2007 | Sep 2008 | Sep 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 14.78 | 14.78 | 14.78 | 14.78 | 14.78 |
| Reserves | 53.77 | 51.19 | 50.38 | 52.61 | 51.56 |
| Borrowings | 23.65 | 0 | 0.9 | 0 | 0 |
| Other Liabilities | 17.65 | 8.2 | 7.53 | 8.81 | 9.44 |
| Total Liabilities | 109.85 | 74.17 | 73.59 | 76.2 | 75.78 |
| Fixed Assets | 13.15 | 12.09 | 11.05 | 10.68 | 10.54 |
| CWIP | 0 | 0 | 0 | 0 | 0.01 |
| Investments | 0.13 | 7.13 | 2.81 | 3.21 | 19.3 |
| Other Assets | 96.57 | 54.95 | 59.73 | 62.31 | 45.93 |
| Total Assets | 109.85 | 74.17 | 73.59 | 76.2 | 75.78 |

### Cash Flow

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

| Item | Sep 2006 | Sep 2007 | Sep 2008 | Sep 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -13.63 | 27.9 | -8.77 | -2.25 | 21.72 |
| Cash from Investing Activity | 0.17 | -5.98 | 7.98 | 2.43 | -11.94 |
| Cash from Financing Activity | 14.47 | -23.81 | 0.8 | -0.96 | -0.04 |
| Net Cash Flow | 1.01 | -1.89 | 0.01 | -0.78 | 9.74 |
| Free Cash Flow | -14.02 | 27.12 | -8.96 | -2.32 | 21.52 |
| CFO/OP | 1508 | -558 | 148 | 39 | -312 |

### Ratios

| Item | Sep 2006 | Sep 2007 | Sep 2008 | Sep 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 400.86 | 192.37 | 145.84 | 153.13 | 92.95 |
| Inventory Days | 159.01 | 184.34 | 126.35 | 186.7 | 212.21 |
| Days Payable | 149.4 | 36.59 | 23.54 | 49.45 | 83.23 |
| Cash Conversion Cycle | 410.47 | 340.13 | 248.65 | 290.38 | 221.92 |
| Working Capital Days | 452.69 | 306.93 | 302.15 | 362.25 | 266.18 |
| ROCE % | — | -3.03 | -1.11 | 1.45 | -4.7 |

---

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 2026-10-13T10:59:15.243Z.