SHREEDHAR SPINNERS LTD (SHREEDHAR-SM) Share price rises 13.17% Today

SHREEDHAR SPINNERS LTD Share Price rises 13.17% today, with the current price at Rs 104 and a market cap of Rs 197.02 crore.

SHREEDHAR SPINNERS LTD Share Price has rose by 13.17% today, reaching Rs 104. This significant move positions the company within the micro-cap category, with a market capitalisation of Rs 197.02 crore. The stock opened at Rs 91.8, slightly below its previous close of Rs 91.9, before climbing to a day high of Rs 104. Despite

SHREEDHAR SPINNERS LTD (SHREEDHAR-SM) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 104
Previous Close	Rs 91.9
Today's Change	+Rs 12.1 (+13.17%)
Day Open	Rs 91.8
Day High	Rs 104
Day Low	Rs 90
Current Volume (NSE)	1,10,000
NSE Traded Volume	1,10,000
Combined NSE + BSE Volume	1,10,000
Turnover	Rs 1.14 crore
Market Capitalisation	Rs 197.02 crore
Market Cap Category	Micro Cap

SHREEDHAR SPINNERS LTD (SHREEDHAR-SM) traded at Rs 104. versus the previous close of Rs 91.9, a rise of 13.17%. The stock opened at Rs 91.8, reached Rs 104, touched Rs 90. Reported volume was 1,10,000.

SHREEDHAR SPINNERS LTD (SHREEDHAR-SM) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 197.02 crore
P/E Ratio	31.92x
P/B Ratio	3.26x
ROE	-10.55%
ROCE	0.48%
EPS	Rs 2.88
Dividend Yield	0%

SHREEDHAR SPINNERS LTD was valued at a P/E ratio of 31.92x, a P/B ratio of 3.26x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.

Profitability and capital efficiency were represented by ROE of -10.55% and ROCE of 0.48%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.

Per-share and shareholder-return metrics included EPS of Rs 2.88, dividend yield of 0%. Dividend yield is a current or historical ratio and does not guarantee future distributions.

Sector and Industry Context

Metric	Value
Sector	Textile
Industry	Textile – Spinning
Benchmark Scope	same industry
Company P/E Ratio	31.92x
Benchmark Median P/E	17.43x
Benchmark Average P/E	40.14x
Benchmark P/E Range	1.45x to 329.65x
Company P/B Ratio	3.26x
Benchmark Median P/B	0.66x
Company ROE	-10.55%
Benchmark Median ROE	1.28%
Company ROCE	0.48%
Benchmark Median ROCE	7.08%
Company Market Capitalisation	Rs 197.02 crore
Benchmark Median Market Cap	Rs 44.83 crore

SHREEDHAR SPINNERS LTD (SHREEDHAR-SM) is classified under sector: Textile and industry: Textile – Spinning.

SHREEDHAR SPINNERS LTD (SHREEDHAR-SM) has a P/E ratio of 31.92x, which is above the benchmark median of 17.43x, a difference of +83.13%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.

SHREEDHAR SPINNERS LTD (SHREEDHAR-SM) has a ROE of -10.55%, which is below the benchmark median of 1.28%, a difference of -924.22%. SHREEDHAR SPINNERS LTD (SHREEDHAR-SM) has a ROCE of 0.48%, which is below the benchmark median of 7.08%, a difference of -93.22%.

Track today's top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

SHREEDHAR SPINNERS LTD operates in the textile sector, specifically within the spinning industry. The sector benchmark includes 74 companies, providing a comprehensive view of industry performance. The company's P/E ratio of 31.92 is above the sector median of 17.43, indicating a relatively higher valuation. However, it remains below the sector average of 40.14, suggesting room for growth. The P/B ratio of 3.26 is significantly above the sector median of 0.66, reflecting a premium valuation. The company's ROE of -10.55% is below the sector average of 4.07%, highlighting challenges in profitability. Similarly, the ROCE of 0.48% is far below the sector average of 22.85%, indicating inefficiencies in capital utilization. The sector's market cap ranges from Rs 2.49 crore to Rs 3,061.18 crore, with SHREEDHAR SPINNERS LTD positioned towards the lower end, suggesting potential for growth within the industry context.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
Nitin Spinners Ltd.	NITINSPIN	3,061.18	17.24	2.08	13.03	10.99
Sumeet Industries Ltd.	SUMEETINDS	1,554.16	56.88	4.05	0	-1.66
Pashupati Cotspin Ltd.	PASHUPATI	1,354.43	130.37	8.25	6.3	8.81
GHCL Textiles Ltd.	GHCLTEXTIL	1,083.94	11.27	0.7	-32.82	-32.82
Nahar Spinning Mills Ltd.	NAHARSPING	1,020.29	46.77	0.67	4.82	6.62

SHREEDHAR SPINNERS LTD (SHREEDHAR-SM) has a P/E ratio of 31.92x compared with the displayed peer median of 46.77x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of -10.55% compares with a peer median of 4.82% across the companies shown in the table. ROCE stood at 0.48% versus the displayed peer median of 6.62%, providing a capital-efficiency comparison. SHREEDHAR SPINNERS LTD (SHREEDHAR-SM) has a market capitalisation of Rs 197.02 crore. Among the 5 peers shown, 5 have a larger market capitalisation.

In comparison to its peers in the textile spinning industry, SHREEDHAR SPINNERS LTD's P/E ratio of 31.92 is higher than Nitin Spinners Ltd. (17.24) and GHCL Textiles Ltd. (11.27), but lower than Pashupati Cotspin Ltd. (130.37) and Sumeet Industries Ltd. (56.88). The company's P/B ratio of 3.26 is higher than Nitin Spinners Ltd. (2.08) and GHCL Textiles Ltd. (0.7), indicating a premium valuation. However, its ROE of -10.55% is significantly lower than Nitin Spinners Ltd. (13.03) and Ambika Cotton Mills Ltd. (12.69), reflecting challenges in profitability. The ROCE of 0.48% is also below peers like Precot Ltd. (22.32) and Ambika Cotton Mills Ltd. (17.06), indicating inefficiencies in capital utilization. These comparisons highlight the company's relative strengths and weaknesses within the industry.

Why Investors Are Watching SHREEDHAR SPINNERS LTD

Investors are closely monitoring SHREEDHAR SPINNERS LTD due to its recent price rise and market positioning. The company's performance today has drawn attention, and several factors contribute to this interest:

• Significant price rise of 13.17% today, exceeding micro-cap threshold.
• Mixed valuation with P/E above sector median but below average.
• Challenges in profitability with negative ROE and low ROCE.
• Premium P/B ratio compared to sector benchmarks.
• Positioned for potential growth within the textile spinning industry.

Investors should continue to monitor SHREEDHAR SPINNERS LTD's financial performance, industry trends, and market developments to assess future opportunities and challenges.

About SHREEDHAR SPINNERS LTD

SHREEDHAR SPINNERS LTD is a company operating in the textile sector, specifically within the spinning industry. The company is involved in the production and distribution of spun yarns, catering to various segments of the textile market. With a focus on quality and innovation, SHREEDHAR SPINNERS LTD aims to meet the diverse needs of its customers. The company's operations are aligned with industry standards, and it seeks to maintain a competitive edge through efficient production processes and strategic market positioning. As a player in the textile spinning industry, SHREEDHAR SPINNERS LTD is poised to leverage opportunities for growth and expansion in the evolving market landscape.

Track SHREEDHAR SPINNERS LTD Share Price on Univest

Use SHREEDHAR SPINNERS LTD (SHREEDHAR-SM) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top gainers lists and related market analysis.

Investors and market enthusiasts can track SHREEDHAR SPINNERS LTD Share Price on Univest for real-time updates. Univest provides comprehensive insights into the company's share price movements, technical indicators, fundamental ratios, and shareholding patterns. Users can also explore 52-week levels and gain valuable market insights to make informed decisions. Stay updated with the latest developments and trends in the textile spinning industry through Univest's platform.

Frequently Asked Questions

What is the current share price of SHREEDHAR SPINNERS LTD?

Ans. The current share price of SHREEDHAR SPINNERS LTD is Rs 104, reflecting a 13.17% increase from the previous close of Rs 91.9. The stock moved 13.17% during the session. The intraday range extended from Rs 90 to Rs 104.

How much did SHREEDHAR SPINNERS LTD's share price rise today?

Ans. SHREEDHAR SPINNERS LTD's share price rose by 13.17% today, marking a significant gain in the micro-cap category. The stock moved 13.17% during the session. The intraday range extended from Rs 90 to Rs 104.

What is the market capitalisation of SHREEDHAR SPINNERS LTD?

Ans. The market capitalisation of SHREEDHAR SPINNERS LTD is Rs 197.02 crore, positioning it within the micro-cap category. The company operates in the Textile sector. Its P/E ratio is 31.92x. ROE is -10.55% and ROCE is 0.48%.

What is SHREEDHAR SPINNERS LTD's P/E ratio?

Ans. SHREEDHAR SPINNERS LTD's P/E ratio is 31.92, which is above the industry median of 17.43 but below the average of 40.14. The company trades at a P/E ratio of 31.92x.

How does SHREEDHAR SPINNERS LTD's ROE compare to the industry?

Ans. SHREEDHAR SPINNERS LTD's ROE is -10.55%, which is below the industry average of 4.07%, indicating challenges in profitability. ROE stands at -10.55%. ROCE stands at 0.48%. The relevant peer median ROE is 1.28%.

What industry does SHREEDHAR SPINNERS LTD operate in?

Ans. SHREEDHAR SPINNERS LTD operates in the textile sector, specifically within the spinning industry, producing spun yarns. The stock belongs to the Textile sector. Its industry classification is Textile – Spinning.

How does SHREEDHAR SPINNERS LTD's P/B ratio compare to peers?

Ans. SHREEDHAR SPINNERS LTD's P/B ratio of 3.26 is higher than peers like Nitin Spinners Ltd. (2.08) and GHCL Textiles Ltd. (0.7), indicating a premium valuation. The company trades at a P/E ratio of 31.92x.