| Annual Financials | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
Revenue  | 25 | 24 | 19 | 30 | 18 | 16 | 7 | 3 | 1 | 1 | 3 | 7 |
| Expenses | 24 | 23 | 20 | 31 | 21 | 18 | 8 | 4 | 1 | 1 | 2 | 5 |
| EBITDA | 1 | 1 | -1 | -0 | -4 | -2 | -2 | -1 | 0 | 0 | 1 | 3 |
| Operating Profit % | 2 % | 1 % | -10 % | -6 % | -25 % | -18 % | -27 % | -43 % | -26 % | 0 % | -123 % | -31 % |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 0 | -2 | -1 | -5 | -3 | -2 | -1 | -0 | 0 | 1 | 3 |
| Tax | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Net Profit | 1 | 0 | -2 | -1 | -4 | -3 | -2 | -1 | -0 | 0 | 1 | 3 |
| EPS in ₹ | 1.42 | 0.65 | -3.59 | -3.06 | -9.09 | -6.83 | -5.07 | -3.06 | -0.24 | 0.74 | 1.11 | 5.70 |
Spice Islands Industries
Spice Islands Industries
93.33
+1.83
(2.00%)
Q1 Quarterly Results are out. Check out the updated financials2 days ago
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Key Fundamentals
Market Cap
40.09 Cr
EPS
1.11
PE Ratio
15.97
Dividend Yield
0.00 %
Industry
Consumer Goods 52 Week High
95.00
52 Week Low
31.60
PB Ratio
11.34
Debt to Equity
0.93
Sector
Jewellery & Watches Actual
Company News
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Spice Islands Industries Limited approved unaudited financial results for quarter and half-year ended September 30, 2025, and declared an interim dividend of Rs 0.50 per equity share with record date November 21, 2025. The company expanded its hospitality business by leasing Hotel Somprabha in Veraval and entering agreements for properties in Jim Corbett and Dwarka, while also approving Rs 2.50 crore loan facility and warrant conversions.
Spice Islands Industries Limited successfully passed two special resolutions through postal ballot via remote e-voting on November 12, 2025, including the appointment of Mr. Dipesh Dalvi as Non-Executive Independent Director for five years and approval for adding a new clause to the Memorandum of Association. The resolutions were approved with 91.34% and 95.92% majority respectively, demonstrating strong shareholder support for the company's governance and operational changes.
Spice Islands Industries Limited shareholders approved alterations to the company's Memorandum of Association through postal ballot concluded on November 12, 2025. The company has expanded its business activities into four new segments: Food and Beverages (manufacturing and trading of processed foods, health foods, beverages, dairy products, confectionery items, and packaged drinking water), Hospitality Business (real estate development, construction, hotels, and property management), Electric Vehicles (leasing and rental of all types of vehicles including electric vehicles), and Edible Oil (manufacturing, processing, refining, and trading of various edible oils including sunflower, soybean, mustard, and palm oil along with allied products). The amendments were passed by special resolution, allowing the company to diversify from its previous focus as an apparels company.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
3,906.80 | #1 3,46,840.30 | 83.88 | 60,942.00 | 18.07 | #1 3,337 | 59.09 | 68.11 | |
497.45 | 51,364.33 | 55.88 | 25,189.70 | 35.27 | 714 | 99.92 | 52.48 | |
3,084.90 | 9,588.49 | 53.42 | 4,916.30 | 28.29 | 119 | #1 434.29 | 68.56 | |
631.50 | 8,569.98 | 29.22 | 7,728.60 | 26.30 | 218 | 127.22 | 45.59 | |
2,888.80 | 7,729.76 | 80.17 | 1,275.90 | 24.77 | 96 | 11.74 | 52.22 | |
187.00 | 5,521.36 | 42.70 | #1 4,23,099.00 | 50.61 | 95 | 128.29 | 62.96 | |
355.40 | 5,503.86 | 29.28 | 3,581.00 | #1 104.72 | 133 | 82.56 | 53.82 | |
320.40 | 5,245.54 | #1 21.01 | 6,382.60 | 20.80 | 159 | 303.31 | 41.41 | |
397.10 | 4,483.97 | 31.92 | 800.60 | 29.82 | 117 | 42.08 | 59.75 | |
241.10 | 4,022.23 | 22.29 | 3,407.60 | 11.08 | 153 | 70.86 | 44.63 |
Growth Rate
Revenue Growth
130.77 %
Net Income Growth
66.67 %
Cash Flow Change
250.00 %
ROE
-119.01 %
ROCE
-134.77 %
EBITDA Margin (Avg.)
30.83 %
Yearly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 16 | 16 | 16 | 18 | 12 | 8 | 5 | 4 | 2 | 1 | 5 |
| Fixed Assets | 2 | 3 | 3 | 3 | 2 | 2 | 1 | 1 | 1 | 0 | 1 |
| Current Assets | 10 | 9 | 11 | 14 | 8 | 5 | 2 | 2 | 0 | 0 | 2 |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 2 | 3 | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 13 | 11 | 10 | 12 | 8 | 6 | 4 | 3 | 1 | 1 | 4 |
| Total Liabilities | 16 | 16 | 16 | 18 | 12 | 8 | 5 | 4 | 2 | 1 | 5 |
| Current Liabilities | 3 | 2 | 4 | 8 | 6 | 5 | 4 | 4 | 2 | 2 | 3 |
| Non Current Liabilities | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Total Equity | 13 | 13 | 11 | 10 | 6 | 3 | 1 | -1 | -1 | -0 | 2 |
| Reserve & Surplus | 9 | 9 | 7 | 6 | 2 | -1 | -4 | -5 | -5 | -5 | -4 |
| Share Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -3 | -0 | -0 | -1 | -0 | 0 | -1 | -0 | -0 | 0 | 0 |
| Investing Activities | 1 | -1 | 1 | 0 | 1 | 2 | 1 | 0 | 0 | 0 | -3 |
| Operating Activities | -3 | 2 | -2 | -3 | 1 | -0 | -1 | 1 | 0 | -0 | 0 |
| Financing Activities | -1 | -0 | 1 | 2 | -2 | -2 | -0 | -1 | -0 | -0 | 3 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 62.34 % | 62.34 % | 62.34 % | 62.34 % | 62.34 % | 62.34 % | 62.34 % | 62.34 % | 62.34 % | 62.34 % | 0.00 % | 0.00 % | 62.50 % | 62.50 % | 62.50 % | 62.50 % | 62.50 % | 62.50 % | 62.50 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| DIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 31.79 % | 31.23 % | 31.04 % | 31.25 % | 31.72 % | 31.73 % | 31.73 % | 31.81 % | 31.77 % | 30.90 % | 31.34 % | 31.27 % | 31.24 % | 31.29 % | 31.31 % | 31.38 % | 32.02 % | 31.89 % | 30.93 % |
| Others | 5.87 % | 6.43 % | 6.63 % | 6.42 % | 5.94 % | 5.93 % | 5.93 % | 5.85 % | 5.89 % | 6.75 % | 68.66 % | 68.73 % | 6.27 % | 6.21 % | 6.19 % | 6.12 % | 5.48 % | 5.61 % | 6.58 % |
| No of Share Holders | 1,885 | 1,904 | 1,925 | 2,229 | 2,378 | 2,340 | 2,340 | 2,344 | 2,368 | 2,203 | 2,195 | 2,208 | 2,158 | 2,119 | 2,097 | 2,071 | 2,104 | 2,077 | 2,430 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 21 Nov 2025 |  Dividend | ₹ 0.50 /share | 21 Nov 2025 | 90.50 | 91.50 |
| 06 Jan 2024 |  Change Of Name | NA | 06 Jan 2024 | 26.72 | 26.72 |
| 19 Aug 2024 |  Annual General Meeting | NA | 19 Aug 2024 | 48.83 | 43.22 |
| 12 Nov 2024 |  Quarterly Result Announcement | NA | 12 Nov 2024 | 50.00 | 47.21 |
| 14 Feb 2025 | Quarterly Result Announcement | NA | 14 Feb 2025 | 38.50 | 36.85 |
| 28 May 2025 | Quarterly Result Announcement | NA | 28 May 2025 | 48.00 | 47.84 |
| 14 Aug 2025 | Quarterly Result Announcement | NA | 14 Aug 2025 | 57.58 | 82.85 |
| 24 Sept 2025 | Annual General Meeting | NA | 24 Sept 2025 | 86.99 | 78.54 |
| 14 Nov 2025 | Quarterly Result Announcement | NA | 14 Nov 2025 | 90.19 | 90.50 |
Announcements
Announcement under Regulation 30 (LODR)-Dividend Updates
3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication4 days ago
4 days agoRevised Outcome Of The Board Meeting Held On November 14 2025 And Compliance Of Regulation 30 And 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Quarter And Half Year Ended September 30 20255 days ago
5 days agoRevised Outcome/Results Of The Board Meeting Held On November 14 2025 And Compliance Of Regulation 30 And 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Quarter And Half Year Ended September 30 2025.5 days ago
5 days agoNon Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations 2015 For The Quarter And Half Year Ended September 30 20256 days ago
6 days agoStatement Of Deviation Or Variation In Utilization Of Funds Raised Through Preferential Issue For The Quarter And Half Year Ended September 30 20256 days ago
6 days agoCorporate Action-Board approves Dividend6 days ago
6 days agoRecord Date For Interim Dividend For FY 2025-26 Is 21St November 2025.6 days ago
6 days agoOutcome Of Board Meeting And Compliance Of Regulation 30 And 33 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 20156 days ago
6 days agoBoard Meeting Outcome for Outcome Of Board Meeting And Compliance Of Regulation 30 And 33 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.6 days ago
6 days agoAnnouncement under Regulation 30 (LODR)-Change in Management7 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association7 days ago
7 days ago Shareholder Meeting / Postal Ballot-Scrutinizer"s Report7 days ago
7 days agoShareholder Meeting / Postal Ballot-Outcome of Postal_Ballot7 days ago
7 days agoStatement Of Deviation Or Variation In Utilization Of Funds Raised Through Preferential Issue For The Quarter Ended June 30 2025Nov 10, 2025
Nov 10, 2025Board Meeting Intimation for Spice Islands Industries Limited Informs That A Meeting Of The Board Of Directors Is Scheduled To Be Held On Friday November 14 2025.Nov 07, 2025
Nov 07, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 15, 2025
Oct 15, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 14, 2025
Oct 14, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotOct 13, 2025
Oct 13, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateOct 11, 2025
Oct 11, 2025Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationOct 11, 2025
Oct 11, 2025Board Meeting Outcome for Outcome Of The Board Meeting Held On October 11 2025Oct 11, 2025
Oct 11, 2025Board Meeting Intimation for Iintimation Of Board Meeting For Appointment Of Independent Director And Amendment Of MoaOct 04, 2025
Oct 04, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 25, 2025
Sep 25, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsSep 09, 2025
Sep 09, 2025The Company Has Issued Letters To Those Shareholders Whose E-Mail Addresses Are Not Registered With The Company/ Depository Participants/ Registrar And Share Transfer Agent Providing The Web-Link From Where The Annual Report Can Be AccessedSep 03, 2025
Sep 03, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 01, 2025
Sep 01, 2025Reg. 34 (1) Annual Report.Aug 30, 2025
Aug 30, 2025The 37Th Annual General Meeting Of The Company Will Be Held On Wednesday September 24 2025 At 11:30 A.M. Through Video Conferencing/ Other Audio Visual Means (VC/OAVM).Aug 30, 2025
Aug 30, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 19, 2025
Aug 19, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 17, 2025
Aug 17, 2025Non Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations 2015 For The Quarter Ended June 30 2025Aug 16, 2025
Aug 16, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorAug 14, 2025
Aug 14, 2025The Register Of Members And Share Transfer Books Of The Company Will Remain Close From 18.09.2025 To 24.09.2025Aug 14, 2025
Aug 14, 2025Outcome Of The Board Meeting Dated August 14 2025 Under Regulation 30 And 33 Read With Schedule III Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations).Aug 14, 2025
Aug 14, 2025Board Meeting Outcome for Outcome Of The Board Meeting Dated August 14 2025 Under Regulation 30 And 33 Read With Schedule III Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing RegulationsAug 14, 2025
Aug 14, 2025Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI LODR).Aug 07, 2025
Aug 07, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 04, 2025
Jul 04, 2025Closure of Trading WindowJun 28, 2025
Jun 28, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportMay 31, 2025
May 31, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotMay 31, 2025
May 31, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportMay 31, 2025
May 31, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotMay 31, 2025
May 31, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 30, 2025
May 30, 2025Non Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations 2015 For The Quarter Ended March 31 2025May 29, 2025
May 29, 2025Integrated Filing (Financial)May 28, 2025
May 28, 2025Outcome Of The Board Meeting Dated May 28 2025 Under Regulation 30 And 33 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations)May 28, 2025
May 28, 2025Board Meeting Outcome for Outcome Of The Board Meeting Dated May 28 2025 Under Regulation 30 And 33 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations)May 28, 2025
May 28, 2025Technical Indicators
RSI(14)
Neutral 61.20
ATR(14)
Less Volatile 2.46
STOCH(9,6)
Neutral 54.69
STOCH RSI(14)
Neutral 38.35
MACD(12,26)
Bearish -0.36
ADX(14)
Weak Trend 10.77
UO(9)
Bearish 54.35
ROC(12)
Uptrend And Accelerating 0.13
WillR(14)
Overbought -11.93
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