Spice Islands Industries operates in gems, jewellery, and watches within Consumer Discretionary. The company is micro-cap (₹301 Cr market cap) with extremely small quarterly revenue (₹0.34–0.48 Cr range) and highly volatile profitability, reflecting cyclical consumer durables positioning and operational instability.
Generated analysis · source review pending
Generated analysis · source review pending
1,715 historical price candles were omitted because the exchange source has not been verified.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
No scheme among the 32 fund houses on record reported a position in Spice Islands Industries Ltd. Portfolios are published monthly by each AMC; coverage is still partial.
Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 40% | 38.8% | 43% | — | 39.7% | 52.7% |
| EBITDA margin % | -25.3% | -17.7% | -27.4% | -44.8% | -25.6% | -1.1% | -123.1% | 13.9% |
| EBIT margin % | -28.1% | -20.2% | -32% | -50.4% | -30.2% | -5.6% | -130.8% | 13.4% |
| PAT margin % | -23% | -18.7% | -33% | -49.3% | -14% | 35.6% | 61.5% | 31.6% |
| Working capital | ||||||||
| Receivable days | — | — | 38 | 105 | 25 | 0 | 552 | 58 |
| Inventory days | — | — | 10 | 4 | 0 | 0 | 101 | 8 |
| Payable days | — | — | 40 | 56 | 74 | 8 | 93 | 21 |
| NWC days | — | — | 8 | 54 | -49 | -8 | 560 | 46 |
| Leverage | ||||||||
| Current ratio | — | — | 0.58 | 0.4 | 0.2 | 0.37 | 0.7 | 2.86 |
| Debt to EBITDA | — | — | — | — | — | — | — | 0.24 |
| Debt to equity | — | — | 2.58 | -1.67 | -1.02 | -2.1 | 0.54 | 0.04 |
| Interest coverage | -11.7 | -13.3 | -24.4 | -20.7 | -0.7 | 6.3 | 19.7 | 113.8 |
| Asset turnover | — | 5.43 | 1.31 | 0.76 | 0.44 | 0.7 | 0.15 | 1.01 |
| Return ratios | ||||||||
| Return on assets % | — | -101.7% | -43.3% | -37.4% | -6.2% | 24.8% | 9.4% | 32% |
| Return on capital employed % | — | — | -171.1% | -310% | -100% | 146.2% | 82.8% | 69.4% |
| Return on equity % | — | — | -283.1% | 253.8% | 19.4% | -106.7% | 20.3% | 40.4% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
Documents link to external sources (exchange filings, company investor pages).
| Holder (%) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0% | 0% | 62.5% | 62.5% | 62.5% | 62.5% | 62.5% | 62.5% | 62.5% | 62.5% | 43.11% | 43.11% | |
| FII | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DII | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| 100% | 100% | 37.5% | 37.5% | 37.5% | 37.5% | 37.5% | 37.5% | 37.5% | 37.5% | 56.89% | 56.89% | |
| No. of shareholders | — | — | — | — | — | — | — | — | 2,430 | 2,412 | 2,820 | 3,122 |
Promoter holding up 43.11 percentage points since Sep 2023.
| Date | Client | Type | Venue | Side | Quantity | Price | Value |
|---|---|---|---|---|---|---|---|
| 29 Jan 2026 | SHAH DIPAK KANAYALAL | Bulk | BSE | Sell | 38,158 | ₹194.75 | ₹0.74 Cr |
| 21 Jan 2026 | LALITHA SAHA | Bulk | BSE | Buy | 26,160 | ₹245.75 | ₹0.64 Cr |
| 21 Jan 2026 | LALITHA SAHA | Bulk | BSE | Sell | 14,482 | ₹246.97 | ₹0.36 Cr |
| 15 Dec 2025 | SHAH DIPAK KANAYALAL | Bulk | BSE | Buy | 24,721 | ₹110.61 | ₹0.27 Cr |
| 4 Aug 2025 | ZENAB AIYUB YACOOBALI | Bulk | BSE | Buy | 21,588 | ₹51.84 | ₹0.11 Cr |
| 10 Jul 2024 | YACOOBALI AIYUB MOHAMMED | Bulk | BSE | Sell | 23,000 | ₹40.59 | ₹0.09 Cr |
| 16 Jan 2024 | VINITAJAIN | Bulk | BSE | Sell | 26,604 | ₹29.10 | ₹0.08 Cr |
| 17 May 2023 | ASHOK GULABRAI DARYANANI | Bulk | BSE | Sell | 25,000 | ₹27.88 | ₹0.07 Cr |
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
Closure of Trading Window
Intimation Regarding Opening Ceremony Of 'The Ocean Prime' Hotel Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
Announcement under Regulation 30 (LODR)-Cessation
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations, 2015')
Results-Delay in Financial Results
Announcement under Regulation 30 (LODR)-Newspaper Publication
Revised Outcome Of The Adjourned Board Meeting Held On August 19, 2026 Under Regulation 30 And Regulation 33 Read With Schedule III Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations').
Revised Outcome Of The Adjourned Board Meeting Held On August 19, 2026 Under Regulation 30 And Regulation 33 Read With Schedule III Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations').
| Date | Category | Subject | Filing |
|---|---|---|---|
| 27 Sept 2026, 5:56 pm | Insider Trading / SAST Closure of Trading Window | Closure of Trading Window | |
| 27 Sept 2026, 5:40 pm | Company Update General | Intimation Regarding Opening Ceremony Of 'The Ocean Prime' Hotel Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015 |
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
| 19 Sept 2026, 6:45 pm | Company Update Cessation | Announcement under Regulation 30 (LODR)-Cessation |
| 11 Sept 2026, 5:34 pm | Company Update General | Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations, 2015') |
| 5 Sept 2026, 7:24 pm | Result Financial Results | Results-Delay in Financial Results |
| 20 Aug 2026, 2:59 pm | Company Update Newspaper Publication | Announcement under Regulation 30 (LODR)-Newspaper Publication |
| 19 Aug 2026, 6:54 pm | Result Financial Results | Revised Outcome Of The Adjourned Board Meeting Held On August 19, 2026 Under Regulation 30 And Regulation 33 Read With Schedule III Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations'). |
| 19 Aug 2026, 6:47 pm | Company Update General | Revised Outcome Of The Adjourned Board Meeting Held On August 19, 2026 Under Regulation 30 And Regulation 33 Read With Schedule III Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations'). |
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Kalyan Jewellers India LimitedKALYANKJILKALYANKJIL | ₹54,578 Cr | ₹55,102 Cr | ₹39,063 Cr | ₹2,616 Cr | 7% | ₹1,435 Cr | 3.8% | 31.5% | 24.3% | 136 |
| Lalithaa Jewellery Mart LimitedLALITHAALALITHAA | ₹21,708 Cr | ₹23,312 Cr | ₹25,024 Cr | ₹1,674 Cr | 6.7% | ₹1,010 Cr | 4% | 54.3% | 41.6% | — |
| Thangamayil Jewellery LimitedTHANGAMAYLTHANGAMAYL | ₹15,118 Cr | ₹15,943 Cr | ₹9,606 Cr | ₹621 Cr | 6.6% | ₹391 Cr | 4.1% | 39.1% | 27.9% | 142 |
| Sky Gold And Diamonds LimitedSKYGOLDSKYGOLD | ₹12,557 Cr | ₹13,426 Cr | ₹7,176 Cr | ₹520 Cr | 6.9% | ₹343 Cr | 4.5% | 45.9% | 29.3% | 77 |
| Pc Jeweller LimitedPCJEWELLERPCJEWELLER | ₹12,449 Cr | ₹13,522 Cr | ₹3,505 Cr | ₹785 Cr | 20% | ₹775 Cr | 21.3% | 11.7% | 9.9% | 1,082 |
| Bluestone Jewellery And Lifestyle LimitedBLUESTONEBLUESTONE | ₹12,008 Cr | ₹12,753 Cr | ₹2,681 Cr | ₹442 Cr | 16% | ₹56 Cr | 0.5% | 9.8% | 1.1% | 659 |
| P N Gadgil Jewellers LimitedPNGJLPNGJL | ₹7,897 Cr | ₹9,477 Cr | ₹11,438 Cr | ₹669 Cr | 5.7% | ₹446 Cr | 3.8% | 34.3% | 23.3% | 121 |
| Timex Group India LimitedTIMEXTIMEX | ₹7,368 Cr | ₹7,370 Cr | ₹419 Cr | ₹32 Cr | 7.7% | ₹21 Cr | 5% | 32.7% | 29.4% | — |
| Ethos LimitedETHOSLTDETHOSLTD | ₹6,785 Cr | ₹6,786 Cr | ₹1,728 Cr | ₹223 Cr | 12.9% | ₹106 Cr | 6% | 10.4% | 7.7% | 180 |
| Senco Gold LimitedSENCOSENCO | ₹5,199 Cr | ₹6,769 Cr | ₹9,660 Cr | ₹999 Cr | 11.5% | ₹571 Cr | 6.8% | 38% | 25.6% | 259 |
| Kddl LimitedKDDLKDDL | ₹4,811 Cr | ₹4,967 Cr | ₹2,322 Cr | ₹335 Cr | 14.3% | ₹97 Cr | 6.3% | 11.9% | 8.8% | 192 |
| D. P. Abhushan LimitedDPABHUSHANDPABHUSHAN | ₹4,273 Cr | ₹4,433 Cr | ₹2,340 Cr | ₹100 Cr | 4.3% | ₹62 Cr | 2.6% | 40.8% | 29.4% | — |
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 23 | 17 | 29 | 17 | 16 | 7 | 3 | 1 | 1 | 1 | 18 | |
| COGS | — | — | -14 | -9 | -9 | 4 | 2 | 0 | 0 | 0 | 8 |
| Gross profit | — | — | — | — | — | 3 | 1 | 0 | — | 0 | 9 |
| 23 | 20 | 44 | 31 | 27 | 4 | 2 | 1 | 1 | 1 | 7 | |
| 0 | -2 | -1 | -4 | -3 | -2 | -1 | -0 | -0 | -1 | 2 | |
| OPM % | 0.8% | -12.5% | -3.3% | -25.3% | -17.7% | -27.4% | -44.8% | -25.6% | -1.1% | -123.1% | 13.9% |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 1 | — | 1 | 1 | 0 | 0 | 0 | 0 | 2 | 3 | |
| Profit before tax | 0 | -2 | -1 | -5 | -3 | -2 | -1 | -0 | 0 | 1 | 6 |
| Tax | — | — | 0 | -1 | -0 | 0 | 0 | 0 | 0 | 1 | -0 |
| Tax % | — | — | 4% | -14.9% | -0.7% | 0% | 0.8% | 20% | 0% | 57.1% | -0.4% |
| 0 | -2 | -1 | -4 | -3 | -2 | -1 | -0 | 0 | 0 | 6 | |
| PAT margin % | 0.7% | -9.7% | -4.5% | -23% | -18.7% | -33% | -49.3% | -14% | 35.6% | 61.5% | 31.6% |
| EPS (₹) | — | — | -3 | -9.1 | -6.8 | -5.1 | — | — | 0.8 | 1.1 | 11.5 |
| EPS adjusted (₹) | — | — | — | — | -1.4 | -1 | -0.6 | -0.1 | 0.2 | 0.2 | 1.8 |
| — | — | — | — | — | — | — | — | 0% | 0% | 14% | |
| Annual report | Annual report for Mar 2016 | Annual report for Mar 2017 | Annual report for Mar 2018 | Annual report for Mar 2019 | Annual report for Mar 2020 | Annual report for Mar 2021 | Annual report for Mar 2022 | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 | Annual report for Mar 2026 |
| ₹ Cr | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 4 | 4 | 4 | 4 | 4 | 4 | 6 |
| Reserves | — | -4 | -5 | -5 | -5 | -2 | 8 |
| — | 2 | 1 | 1 | 1 | 1 | 1 | |
| — | 2 | 3 | 2 | 1 | 1 | 3 | |
| Total equity & liabilities | — | 5 | 4 | 2 | 1 | 5 | 18 |
| 2 | 1 | 1 | 1 | 0 | 1 | 3 | |
| CWIP | — | — | — | — | 0 | 0 | 0 |
| Investments | — | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 4 | 3 | 1 | 1 | 4 | 15 | |
| Total assets | 3 | 5 | 4 | 2 | 1 | 5 | 18 |
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| -1 | 1 | 0 | -1 | 0 | 3 | |
| 1 | 0 | 0 | 0 | -3 | -6 | |
| -0 | -1 | -0 | 1 | 3 | 5 | |
| Net cash flow | -0 | -0 | -0 | 0 | 0 | 3 |
| Free cash flow | -1 | 1 | 0 | -1 | 0 | -1 |
| CFO / Operating profit % | — | — | — | — | — | 118.6% |