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Last Updated: April 2, 2026, 3:39 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540961 | NSE: SHIVAMILLS

Shiva Mills Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹55.01Undervalued by 17.29%vs CMP ₹46.90

P/E (15.0) × ROE (4.2%) × BV (₹106.00) × DY (2.00%)

Defaults: P/E=15

₹71.46Undervalued by 52.37%vs CMP ₹46.90
MoS: +34.4% (Strong)Confidence: 45/100 (Moderate)Models: 4 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹29.1228%Over (-37.9%)
Net Asset ValueAssets₹106.5417%Under (+127.2%)
EV/EBITDAEnterprise₹76.4314%Under (+63%)
Dividend DiscountDividends₹10.2014%Over (-78.3%)
ROCE CapitalReturns₹146.5914%Under (+212.6%)
Revenue MultipleRevenue₹97.8513%Under (+108.6%)
Consensus (6 models)₹71.46100%Undervalued
Key Drivers: EPS CAGR -47.1% drags value — could be higher if earnings stabilize. | ROE 4.2% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -47.1% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

40
Shiva Mills Ltd scores 40/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 3.1% WeakROE 4.2% WeakD/E 0.02 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 74.9% Stable
Earnings Quality40/100 · Moderate
OPM contracting (7% → 2%) Declining
Quarterly Momentum35/100 · Weak
Revenue (4Q): -18% YoY Declining
Industry Rank20/100 · Weak
ROCE 3.1% vs industry 10.8% Below peersROE 4.2% vs industry 29.5% Below peers3Y sales CAGR: -7% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:39 am

Market Cap 40.5 Cr.
Current Price 46.9
Intrinsic Value₹71.46
High / Low 94.0/43.0
Stock P/E
Book Value 106
Dividend Yield0.00 %
ROCE3.08 %
ROE4.24 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Shiva Mills Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
IGC Industries Ltd 6.74 Cr. 1.94 6.55/1.73 12.30.00 %0.19 %0.28 % 10.0
Hindoostan Mills Ltd 24.4 Cr. 147 201/13561.0 2190.00 %28.4 %29.8 % 10.0
Gokak Textiles Ltd 40.3 Cr. 62.0 113/52.6 1150.00 %0.85 %% 10.0
Globus Power Generation Ltd 127 Cr. 12.8 18.4/11.0 0.810.00 %7.29 %7.29 % 10.0
GHCL Textiles Ltd 673 Cr. 70.4 99.0/65.011.8 1530.71 %4.53 %3.96 % 2.00
Industry Average1,369.00 Cr94.1150.9181.700.16%10.78%29.54%8.11

All Competitor Stocks of Shiva Mills Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 31.9537.5333.0442.1235.4447.3244.2248.0735.9841.0437.5630.4434.26
Expenses 36.2638.5733.6741.3234.8745.4043.3647.1036.0940.3736.4929.0733.63
Operating Profit -4.31-1.04-0.630.800.571.920.860.97-0.110.671.071.370.63
OPM % -13.49%-2.77%-1.91%1.90%1.61%4.06%1.94%2.02%-0.31%1.63%2.85%4.50%1.84%
Other Income 0.200.790.220.160.080.430.150.120.570.510.100.230.39
Interest 0.150.050.040.280.130.310.330.290.260.350.160.130.08
Depreciation 1.651.551.631.701.701.691.661.681.711.701.671.751.83
Profit before tax -5.91-1.85-2.08-1.02-1.180.35-0.98-0.88-1.51-0.87-0.66-0.28-0.89
Tax % -7.28%2.16%-10.10%-11.76%-22.03%-28.57%-13.27%-18.18%-2.65%-11.49%-6.06%-42.86%-20.22%
Net Profit -5.47-1.90-1.88-0.90-0.920.45-0.85-0.72-1.47-0.77-0.62-0.16-0.71
EPS in Rs -6.33-2.20-2.18-1.04-1.060.52-0.98-0.83-1.70-0.89-0.72-0.19-0.82

Last Updated: March 3, 2026, 2:48 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 7:16 pm

MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 0170169175164139213159158169143
Expenses 0148153156152119183161155167140
Operating Profit 0211620122030-2324
OPM % 13%10%11%7%15%14%-1%2%1%3%
Other Income 00110011121
Interest 06686311111
Depreciation 05555666777
Profit before tax 0106821224-7-4-4-3
Tax % 57%35%13%24%30%28%-4%-17%-10%
Net Profit 04471918-7-3-4-2
EPS in Rs 4.487.641.329.8920.44-8.29-3.76-4.41-2.62
Dividend Payout % 0%31%18%0%10%6%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%75.00%-85.71%800.00%100.00%-138.89%57.14%-33.33%
Change in YoY Net Profit Growth (%)0.00%75.00%-160.71%885.71%-700.00%-238.89%196.03%-90.48%

Shiva Mills Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:1%
3 Years:-7%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-61%
Stock Price CAGR
10 Years:%
5 Years:23%
3 Years:-19%
1 Year:-24%
Return on Equity
10 Years:%
5 Years:2%
3 Years:-5%
Last Year:-4%

Last Updated: September 5, 2025, 1:26 pm

Balance Sheet

Last Updated: December 4, 2025, 1:58 am

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.050.05999999999
Reserves 075697474829991888483
Borrowings 06757544048010106
Other Liabilities 024241918201616161610
Total Liabilities 0167159155141115132116123119108
Fixed Assets 083818076706665646059
CWIP 00000003000
Investments 00000001111
Other Assets 084787565446647585849
Total Assets 0167159155141115132116123119108

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0719181643-327-174
Cash from Investing Activity + 0-6-5-3-1-0-1-8-3-3
Cash from Financing Activity + 02-18-12-20-392-1010-2
Net Cash Flow 03-33-43-29-10-0
Free Cash Flow 0114141542-419-201
CFO/OP 41%130%108%144%228%11%-1,648%-670%190%

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.00-46.00-41.00-34.00-28.0016.0022.00-2.00-7.00-8.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 444356592826334658
Inventory Days 154144123105108116439472
Days Payable 33482322296141617
Cash Conversion Cycle 16513915614110713662123113
Working Capital Days -1168215272497268
ROCE %23%9%11%6%14%24%-7%-3%-3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%
FIIs 0.36%0.36%0.36%0.36%0.36%0.37%0.32%0.32%0.32%0.32%0.32%0.32%
DIIs 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public 24.70%24.70%24.71%24.70%24.70%24.69%24.73%24.74%24.75%24.73%24.74%24.75%
No. of Shareholders 10,46110,30410,07210,2599,78310,08010,1869,8839,6958,4618,3018,071

Shareholding Pattern Chart

No. of Shareholders

Shiva Mills Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -4.41-3.76-8.2820.439.90
Diluted EPS (Rs.) -4.41-3.76-8.2820.439.90
Cash EPS (Rs.) 3.414.01-1.2827.0416.47
Book Value[Excl.RevalReserv]/Share (Rs.) 106.93111.30115.55124.65104.99
Book Value[Incl.RevalReserv]/Share (Rs.) 106.93111.30115.55124.65104.99
Dividend / Share (Rs.) 0.000.000.001.201.00
Revenue From Operations / Share (Rs.) 195.91182.74184.06246.41160.80
PBDIT / Share (Rs.) 4.334.11-0.5436.0623.65
PBIT / Share (Rs.) -3.49-3.67-7.5429.4517.07
PBT / Share (Rs.) -4.91-4.55-8.6528.3614.14
Net Profit / Share (Rs.) -4.41-3.76-8.2820.439.90
PBDIT Margin (%) 2.202.24-0.2914.6314.70
PBIT Margin (%) -1.78-2.00-4.0911.9510.61
PBT Margin (%) -2.50-2.48-4.6911.508.79
Net Profit Margin (%) -2.25-2.05-4.508.296.15
Return on Networth / Equity (%) -4.12-3.37-7.1616.399.42
Return on Capital Employeed (%) -3.19-3.22-6.3522.9515.50
Return On Assets (%) -3.21-2.64-6.1813.367.45
Long Term Debt / Equity (X) 0.000.000.000.000.01
Total Debt / Equity (X) 0.100.100.000.070.02
Asset Turnover Ratio (%) 1.401.321.281.731.09
Current Ratio (X) 2.322.273.463.062.20
Quick Ratio (X) 1.250.982.290.960.82
Inventory Turnover Ratio (X) 5.955.524.343.992.87
Dividend Payout Ratio (NP) (%) 0.000.00-14.484.890.00
Dividend Payout Ratio (CP) (%) 0.000.00-93.763.690.00
Earning Retention Ratio (%) 0.000.00114.4895.110.00
Cash Earning Retention Ratio (%) 0.000.00193.7696.310.00
Interest Coverage Ratio (X) 3.054.66-0.4933.028.06
Interest Coverage Ratio (Post Tax) (X) -2.10-3.27-6.5219.724.37
Enterprise Value (Cr.) 68.4181.0747.9094.4134.58
EV / Net Operating Revenue (X) 0.400.510.300.440.24
EV / EBITDA (X) 18.3022.85-102.203.031.69
MarketCap / Net Operating Revenue (X) 0.340.450.370.410.25
Retention Ratios (%) 0.000.00114.4895.100.00
Price / BV (X) 0.630.740.590.820.39
Price / Net Operating Revenue (X) 0.340.450.370.410.25
EarningsYield -0.06-0.04-0.120.190.23

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Shiva Mills Ltd. is a Public Limited Listed company incorporated on 24/11/2015 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L17111TZ2015PLC022007 and registration number is 022007. Currently Company is involved in the business activities of Preparation and spinning of cotton fiber including blended* cotton. Company's Total Operating Revenue is Rs. 169.31 Cr. and Equity Capital is Rs. 8.64 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - General249-A, Bye-Pass Road, Coimbatore Tamil Nadu 641043Contact not found
Management
NamePosition Held
Mr. S V AlagappanChairman & Managing Director
Mrs. A LalithaJoint Managing Director
Mr. S K SundararamanNon Independent Director
Mr. S PalaniswamiIndependent Director
Mr. C SivasamyIndependent Director
Mr. K ManikandanIndependent Director
Mr. M GaneshkumarIndependent Director

FAQ

What is the intrinsic value of Shiva Mills Ltd and is it undervalued?

As of 14 April 2026, Shiva Mills Ltd's intrinsic value is ₹71.46, which is 52.37% higher than the current market price of ₹46.90, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (4.24 %), book value (₹106), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Shiva Mills Ltd?

Shiva Mills Ltd is trading at ₹46.90 as of 14 April 2026, with a FY2026-2027 high of ₹94.0 and low of ₹43.0. The stock is currently near its 52-week low. Market cap stands at ₹40.5 Cr..

How does Shiva Mills Ltd's P/E ratio compare to its industry?

Shiva Mills Ltd has a P/E ratio of , which is below the industry average of 50.91. This is broadly in line with or below the industry average.

Is Shiva Mills Ltd financially healthy?

Key indicators for Shiva Mills Ltd: ROCE of 3.08 % is on the lower side compared to the industry average of 10.78%; ROE of 4.24 % is below ideal levels (industry average: 29.54%). Dividend yield is 0.00 %.

Is Shiva Mills Ltd profitable and how is the profit trend?

Shiva Mills Ltd reported a net profit of ₹-4 Cr in Mar 2025 on revenue of ₹169 Cr. Compared to ₹18 Cr in Mar 2022, the net profit shows a declining trend.

Does Shiva Mills Ltd pay dividends?

Shiva Mills Ltd has a dividend yield of 0.00 % at the current price of ₹46.90. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Shiva Mills Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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