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Spinaroo Commercial (BSE 544392)₹48.50−3.96%Paper & Paper Products
In the Mar 2026 quarter (standalone), Spinaroo Commercial reported sales of ₹19.94 Cr, up 8.6% from Mar 2025, and net profit of ₹0.08 Cr, down 90.1% year on year. For the year to Mar 2026, sales were ₹39.36 Cr and net profit ₹0.53 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 21.10 | 18.36 | 19.44 | 19.94 |
| Expenses | 19.72 | 16.71 | 18.50 | 19.39 |
| Operating Profit | 1.34 | 1.62 | 0.90 | 0.54 |
| OPM % | 6.4% | 8.8% | 4.6% | 2.7% |
| Other Income | 0.00 | 0.03 | 0.02 | 0.00 |
| Interest | 0.35 | 0.33 | 0.15 | 0.25 |
| Depreciation | 0.14 | 0.13 | 0.14 | 0.10 |
| Profit before tax | 0.81 | 1.14 | 0.58 | 0.15 |
| Tax % | 25.7% | 27.9% | 27.1% | 37.6% |
| Net Profit | 0.60 | 0.81 | 0.45 | 0.08 |
| EPS (Rs) | 1.23 | 1.65 | 0.64 | 0.14 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 47.54 | 53.31 | 40.95 | 39.43 | 39.36 |
| Expenses | 45.28 | 50.97 | 38.23 | 36.39 | 37.86 |
| Operating Profit | 2.26 | 2.21 | 2.67 | 2.96 | 1.46 |
| OPM % | 4.8% | 4.2% | 6.5% | 7.5% | 3.7% |
| Other Income | 0.14 | 0.08 | 0.39 | 0.03 | 0.02 |
| Interest | 0.80 | 0.77 | 0.74 | 0.70 | 0.44 |
| Depreciation | 0.63 | 0.50 | 0.42 | 0.28 | 0.24 |
| Profit before tax | 0.92 | 0.97 | 1.85 | 1.96 | 0.75 |
| Tax % | 44.1% | 5.1% | 24.8% | 26.9% | 29.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.51 | 0.94 | 1.41 | 1.43 | 0.53 |
| EPS (Rs) | 5.21 | 9.32 | 14.02 | 2.89 | 0.78 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.99 | 0.99 | 1.00 | 5.00 | 6.98 |
| Reserves | 2.69 | 3.64 | 5.03 | 2.46 | 9.83 |
| Borrowings | 8.98 | 8.43 | 7.50 | 7.77 | 6.50 |
| Other Liabilities | 5.11 | 6.37 | 5.11 | 4.93 | 4.47 |
| Total Liabilities | 17.77 | 19.43 | 18.64 | 20.16 | 27.78 |
| Fixed Assets | 2.84 | 2.44 | 1.76 | 1.61 | 1.51 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.33 |
| Investments | 0.23 | 0.23 | 0.40 | 0.42 | 1.73 |
| Other Assets | 14.70 | 16.76 | 16.48 | 18.13 | 24.21 |
| Inventories | 7.87 | 9.60 | 11.10 | 12.58 | 17.44 |
| Trade receivables | 3.86 | 4.65 | 3.77 | 3.85 | 4.91 |
| Cash & equivalents | 0.26 | 0.63 | 0.59 | 0.58 | 0.14 |
| Total Assets | 17.77 | 19.43 | 18.64 | 20.16 | 27.78 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from operating activity | 1.24 | 1.82 | −0.65 | 0.94 | −6.38 |
| Cash from investing activity | −0.32 | −0.10 | 0.73 | −0.12 | −1.77 |
| Cash from financing activity | −1.27 | −1.34 | −0.16 | −0.82 | 7.73 |
| Net cash flow | −0.37 | 0.38 | −0.06 | 0.00 | −0.45 |
| Capex | 0.18 | 0.13 | 0.06 | 0.14 | 0.16 |
| Free cash flow | 1.10 | 1.68 | 0.09 | 0.79 | −6.83 |
| CFO / OP % | 77.0% | 95.0% | −7.0% | 49.0% | −405.1% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor days | 31 | 33 | 35 | 37 | 47 |
| Inventory days | 72 | 75 | 118 | 141 | 189 |
| Days payable | 34 | 42 | 41 | 45 | 43 |
| Cash conversion cycle | 68 | 66 | 111 | 133 | 193 |
| Working capital days | 10 | 17 | 35 | 50 | 120 |
| ROCE % | — | 13.6% | 17.8% | 18.6% | 6.3% |
For the Mar 2026 quarter, Spinaroo Commercial reported sales of ₹19.94 Cr, up 8.6% year on year and net profit of ₹0.08 Cr, down 90.1% year on year. The operating margin was 2.7%.
Spinaroo Commercial's sales for the year to Mar 2026 were ₹39.36 Cr.
Net profit for the year to Mar 2026 was ₹0.53 Cr. Earnings per share over the same trailing period were ₹0.78.
Spinaroo Commercial reported borrowings of ₹6.50 Cr at Mar 2026, against cash and equivalents of ₹0.14 Cr.
Cash from operations was −₹6.38 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹6.83 Cr.