NSE: SHIVAMILLS · BSE: 540961
SHIVA MILLS LIMITED
Spins yarn at a textile facility and separately generates wind power, with the two lines together producing total income of Rs 14,034.79 lakhs in FY26. Yarn spinning is the larger business, with output of 4,127.75 tonnes in FY26, while wind power generation rose 18.74 percent year on year. Revenue from operations fell to Rs 13,913.67 lakhs from Rs 16,930.54 lakhs in the prior year, an approximate 18 percent decline, though the loss after tax narrowed sharply to Rs 8.95 lakhs from Rs 381.12 lakhs. Raw materials are the dominant cost, accounting for 68 percent of revenue, followed by employee costs at 10.8 percent and other operating expenses at 12.9 percent. The company carried no borrowings at year end and did not declare a dividend. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Yarn spinning, Wind power generation. Small, fibre-and-material-heavy textile spinner with a secondary wind power line; nearly debt-free with weak, near-breakeven profitability.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 213 | 159 | 158 | 169 | 139 |
| EBITDA (ex other income) | 30 | (2) | 3 | 2 | 6 |
| margin % | 14.3 | (1.1) | 1.7 | 1.3 | 4.1 |
| Owners' profit | 18 | (7) | (3) | (4) | (0) |
| EPS, as reported (₹) | 20.43 | (8.28) | (3.76) | (4.41) | (0.10) |
| ROE % · ROCE % | 16.4 · 23.0 | (7.2) · (6.4) | (3.4) · (3.2) | (4.1) · (3.2) | (0.1) · (0.1) |
| Debt / equity (x) | 0.07 | 0.00 | 0.11 | 0.11 | 0.00 |
| Cash from operations | (3) | 27 | (17) | 4 | 16 |
| Capex | (1) | (9) | (3) | (3) | (3) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 48 | 36 | 41 | 38 | 30 | 34 | 37 | 38 |
| Profit before tax | (1) | (2) | (1) | (1) | (0) | (1) | 1 | 3 |
| Net profit | (1) | (1) | (1) | (1) | (0) | (1) | 1 | 3 |
| EPS (₹) | (0.83) | (1.70) | (0.89) | (0.72) | (0.19) | (0.82) | 1.63 | 3.27 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Routine RTA compliance certificate for quarter ended September 2026 | compliance | minimal | — | — |
| 25 Sept 2026 · Trading window closed for insiders ahead of Q2 results | compliance | minimal | — | — |
| 21 Sept 2026 · Clarification on EPS classification error in XBRL filing for Q1 FY27 | regulatory legal | medium | — | — |
| 9 Sept 2026 · NSE seeks clarification from Shiva Mills on Q1 FY27 results | regulatory legal | medium | — | — |
| 27 Aug 2026 · Shiva Mills 11th AGM: All 4 Resolutions Passed Unanimously | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Statutory Auditors appointed at 11th AGM | management changes | medium | — | — |
| 27 Aug 2026 · Shiva Mills: All 4 resolutions approved at 11th AGM; new auditor appointed | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Proceedings of 11th Annual General Meeting held on 27 August 2026 | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Shiva Mills informs shareholders about special window for physical share transfer | compliance | minimal | — | — |
| 7 Aug 2026 · Q1 FY27 results show turnaround with profit of Rs 282.77 lakhs | compliance | minimal | — | — |
How to read this document
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|---|---|---|
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.