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Shiva Mills Limited (SHIVAMILLS)

₹57.30 +2.93% last close, 16 Oct

📊 NSE: SHIVAMILLS 🏢 Textiles - Spinning - Synthetic / Blended 📢 Latest filing: 07 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Shiva Mills' revenue was ₹38.1 Cr (+1.4% year on year, +3.3% on the previous quarter), and net profit ₹2.8 Cr (against a loss a year earlier); the operating margin was 11.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹38.1	+1.4%	+3.3%
Operating profit	₹4.5	+323.4%	+73.6%
Net profit	₹2.8	from loss	+100.7%
EPS (₹)	3.27	from loss	+100.6%
Operating margin	11.9%	—	—

Full quarterly financials → Results calendar →

SHIVAMILLS delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 88.14% of the SHIVAMILLS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 74.94%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 4 sessions in about the last 20.

88.14%Delivery, 16 Oct

74.94%Own 20-session average

0.8×Volume vs its average

₹57.30NSE close · +2.93%

Delivery in the last 5 sessions: 56.1% · 66.6% · 85.7% · 88.3% · 88.1%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Shiva Mills Submits Demat Compliance Certificate for Q2 Ended Sep 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 07 Oct 2026, 11:12 AM

Shiva Mills Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirms the processing of dematerialisation requests during the quarter. All eligible certificates were confirmed, mutilated, and cancelled as per standard regulatory norms. This is a recurring administrative compliance filing with no impact on operations or financials.

Regulation 74(5) certificate submitted for the quarter ended September 30, 2026
Confirmation issued by RTA MUFG Intime India Private Limited on October 3, 2026
Filing submitted to stock exchanges on October 7, 2026

💡 No action required. Investors should track upcoming Q2 FY2026-27 financial earnings results for operational and financial performance updates.

Shiva Mills Shareholders Approve All 4 AGM Resolutions With 100% Majority

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 06:57 PM

Shiva Mills Limited announced the voting results and scrutinizer's report for its 11th Annual General Meeting (AGM) held on August 27, 2026. All 4 ordinary resolutions were passed with 100% of the polled votes cast in favor. A total of 65,11,108 votes were polled across 7,967 shareholders of record, representing 75.34% of outstanding shares. Key approvals included the adoption of FY26 financial statements and the appointment of M/s CSR & Co as statutory auditors for a 5-year term.

All 4 ordinary resolutions passed with 100% of polled votes in favor (65,11,108 votes)
Total voter turnout stood at 75.34% of total outstanding equity shares (86,41,808 shares)
Approved appointment of M/s CSR & Co, Chartered Accountants, as Statutory Auditors for a 5-year tenure (11th to 16th AGM)
40 shareholders attended via video conference (4 promoter group, 36 public)

💡 Track the company's upcoming Q2 FY27 quarterly results and operational performance against volatile cotton and yarn price cycles.

Shiva Mills Appoints M/s CSR & Co as Statutory Auditors for 5-Year Term at 11th AGM

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Aug 2026, 06:28 PM

Shiva Mills Limited announced the outcome of its 11th Annual General Meeting held on August 27, 2026. Shareholders approved the appointment of M/s CSR & Co, Chartered Accountants, as the Statutory Auditors for a 5-year term from the conclusion of the 11th AGM until the 16th AGM. Additionally, shareholders approved the adoption of FY26 financial statements, the re-appointment of Director Smt A Lalitha, and the remuneration of Cost Auditor Sri M Nagarajan for FY27.

Appointed M/s CSR & Co (FRN: 014424S) as Statutory Auditors for 5 consecutive years
Auditor tenure spans from the conclusion of the 11th AGM to the 16th AGM
Re-appointed Director Smt A Lalitha (DIN 00003688), who retired by rotation
Ratified remuneration for Cost Auditor Sri M Nagarajan for the year ending March 31, 2027

💡 Track upcoming quarterly financial disclosures audited/reviewed by the newly appointed statutory auditor firm.

Shiva Mills Concludes 11th AGM; Approves New Statutory Auditor CSR & Co for 5-Year Term

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 06:21 PM

Shiva Mills Limited concluded its 11th Annual General Meeting (AGM) on August 27, 2026, transacting standard ordinary and special business. Shareholders considered the adoption of audited financial statements for FY26 and approved the appointment of M/s CSR & Co as Statutory Auditors for a 5-year term until the 16th AGM. Additionally, the remuneration of Rs. 1,00,000 for the Cost Auditor for FY27 was placed for ratification. The meeting saw participation from 4 promoter members and 36 public members.

Held 11th AGM on August 27, 2026, with 40 total members present (4 promoter group, 36 public).
Appointed M/s CSR & Co, Chartered Accountants, as Statutory Auditors for a term of 5 consecutive years.
Ratified cost auditor remuneration of Rs. 1,00,000 to Sri M Nagarajan for FY27.
Re-appointed director Smt A Lalitha, who retired by rotation.

💡 Track the final voting results to be disclosed on or before August 29, 2026, and monitor upcoming Q2 FY27 operational results for performance trends.

Shiva Mills Concludes 11th AGM; Approves 5-Year Auditor Term and Cost Audit Remuneration

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 06:10 PM

Shiva Mills Limited conducted its 11th Annual General Meeting on August 27, 2026, via video conferencing with 40 members present (4 promoter and 36 public). Key agenda items transacted included the adoption of audited financial statements for FY26 and the appointment of M/s CSR & Co, Chartered Accountants, as statutory auditors for a 5-year term from the 11th to 16th AGM. Additionally, shareholders considered the re-appointment of Director Smt A Lalitha and ratified remuneration of Rs 1,00,000 for Cost Auditor Sri M Nagarajan for FY27. Official e-voting results are scheduled to be published on or before August 29, 2026.

11th AGM held on August 27, 2026, with 40 total members attending via Video Conferencing.
Appointed M/s CSR & Co as Statutory Auditors for a 5-year term spanning the 11th to 16th AGM.
Ratified remuneration of Rs 1,00,000 payable to Cost Auditor Sri M Nagarajan for FY27.
Remote e-voting took place from August 24 to August 26, 2026, with final voting results due by August 29, 2026.

💡 Track the subsequent stock exchange filing for the scrutinizer's report and formal voting results expected on or before August 29, 2026.

Shiva Mills Concludes 11th AGM; Appoints CSR & Co as Statutory Auditors for 5-Year Term

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 06:10 PM

Shiva Mills Limited conducted its 11th Annual General Meeting on August 27, 2026, through video conferencing with 40 members attending (4 promoter group and 36 public shareholders). Key ordinary and special resolutions transacted included the adoption of FY26 audited financial statements, re-appointment of Director Smt A Lalitha, and appointment of M/s CSR & Co as Statutory Auditors for a 5-year term up to the 16th AGM. Additionally, shareholders ratified a remuneration of Rs 1,00,000 for Cost Auditor Sri M Nagarajan for FY27. Final e-voting results are scheduled to be uploaded by August 29, 2026.

11th AGM held on August 27, 2026, with 40 shareholders attending (4 promoter, 36 public)
Approved appointment of M/s CSR & Co, Chartered Accountants, as statutory auditors for a 5-year term from 11th to 16th AGM
Ratified cost auditor remuneration of Rs 1,00,000 for FY27 to Sri M Nagarajan
Adoption of FY26 audited accounts and re-appointment of retiring director Smt A Lalitha transacted
Final e-voting results to be declared on or before August 29, 2026

💡 Track the formal voting result disclosures on the exchanges due by August 29, 2026, and monitor subsequent quarterly operational performance amidst cotton yarn price fluctuations.

₹2.83 Cr PAT: Shiva Mills reports turnaround in Q1 FY27 vs YoY loss

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 06 Aug 2026, 04:59 PM

Shiva Mills reported a net profit of ₹2.83 Cr for Q1 FY27, marking a significant turnaround from a net loss of ₹0.62 Cr in the same quarter last year. Revenue from operations saw a modest increase of 1.4% YoY to ₹38.10 Cr, while total expenditure decreased by 8% YoY to ₹35.23 Cr. Sequentially, the company's net profit more than doubled from ₹1.41 Cr in Q4 FY26, reflecting improved operational performance. This turnaround is significant given the company's history of net losses over the past three financial years and its relatively small net worth of ₹93 Cr.

Net Profit of ₹282.77 lakhs in Q1 FY27 compared to a loss of ₹62.45 lakhs in Q1 FY26
Total Income for the quarter reached ₹3,861.70 lakhs, up from ₹3,766.45 lakhs YoY
Basic and Diluted EPS improved to ₹3.27 from ₹(0.72) in the corresponding previous year quarter
Finance costs decreased significantly to ₹1.97 lakhs from ₹15.53 lakhs in Q1 FY26
Revenue from operations for the quarter represents approximately 41% of the company's total net worth of ₹93 Cr

💡 Monitor the sustainability of these margins in upcoming quarters to confirm if the three-year loss cycle has structurally ended, particularly watching for fluctuations in raw cotton prices.

Shiva Mills sets Aug 20, 2026 as Cut-off Date for 11th AGM E-voting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Jul 2026, 10:55 AM

Shiva Mills Limited has announced its 11th Annual General Meeting (AGM) will be held on August 27, 2026. The company has fixed August 20, 2026, as the cut-off date to determine shareholder eligibility for remote e-voting. The e-voting period will run from August 24 to August 26, 2026. This is a standard procedural announcement for the ₹48 Cr market cap company, which is currently navigating a period of net losses despite a TTM revenue of ₹139 Cr.

11th Annual General Meeting scheduled for August 27, 2026
Cut-off date for remote e-voting eligibility is August 20, 2026
Remote e-voting window spans 3 days from August 24 to August 26, 2026
Company maintains a high promoter holding of 74.93% as of March 2026
TTM revenue stands at ₹139 Cr against a market capitalization of ₹48 Cr

💡 Shareholders should review the upcoming AGM notice for specific resolutions, particularly regarding the company's strategy to address the net losses reported in FY24 and FY25.

Shiva Mills Schedules 11th Annual General Meeting for August 27, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Jul 2026, 10:27 AM

Shiva Mills Limited has announced its 11th Annual General Meeting (AGM) to be held on August 27, 2026. The company has set August 20, 2026, as the cut-off date to determine shareholder eligibility for remote e-voting. The e-voting period will span three days, starting from August 24 and concluding on August 26, 2026. This is a standard regulatory procedure for the ₹48 Cr market cap company to conduct its annual business and interact with shareholders.

11th Annual General Meeting scheduled for August 27, 2026
Cut-off date for remote e-voting eligibility set for August 20, 2026
Remote e-voting window opens August 24, 2026, at 10:00 AM IST
Remote e-voting window closes August 26, 2026, at 5:00 PM IST
Mr. R Dhanasekaran appointed as the Scrutinizer for the voting process

💡 Investors should monitor the release of the full Annual Report for FY26 to understand management's strategy for improving margins, which stood at a low 4.1% OPM in the TTM period.

Shiva Mills: CARE Reaffirms 'BBB; Stable' Rating for Rs 40 Cr Bank Facilities

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 16 Jul 2026, 04:38 PM

CARE Ratings has reaffirmed Shiva Mills Limited's credit ratings, maintaining 'CARE BBB; Stable' for long-term facilities and 'CARE A3+' for short-term facilities. The total rated bank facilities amount to Rs 40 crore, which is approximately 28.8% of the company's TTM revenue of Rs 139 crore. The reaffirmation follows a review of the company's audited FY26 performance. Despite a history of net losses over the last three years, the stable outlook reflects a comfortable capital structure and experienced management.

Long-term bank facilities of Rs 27.50 crore reaffirmed at CARE BBB; Stable
Short-term bank facilities of Rs 12.50 crore reaffirmed at CARE A3+
Total bank facilities under rating coverage stand at Rs 40.00 crore
Rating review based on audited financial and operational performance for FY26
Company maintains a low debt-to-equity ratio of 0.11 as per qualitative profiles

💡 Investors should monitor the company's quarterly profitability, as it has reported net losses for the past three years. A key trigger for a future rating upgrade would be achieving an operating income of over Rs 300 crore.

Shiva Mills Submits Quarterly Compliance Certificate for June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Jul 2026, 04:34 PM

Shiva Mills Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by the Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited, confirms the processing of dematerialization requests for the quarter ended June 30, 2026. It verifies that security certificates received were mutilated and cancelled after due verification. This is a standard administrative filing required by SEBI to ensure the integrity of the dematerialization process.

Compliance certificate issued for the quarter ended June 30, 2026
Certificate issued by Registrar and Share Transfer Agent, MUFG Intime India Private Limited, on July 1, 2026
Confirms that security certificates received for dematerialization were mutilated and cancelled after verification
Confirms the name of depositories has been substituted in the register of members

💡 No action is required as this is a routine regulatory filing. Investors should monitor the company's upcoming quarterly financial results for operational performance updates.

Shiva Mills to Close Trading Window from July 1, 2026 for Q1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Jun 2026, 10:34 AM

Shiva Mills Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This closure is mandatory ahead of the declaration of the company's unaudited financial results for the quarter ending June 30, 2026. The restriction applies to directors, designated persons, and their immediate relatives. The trading window will reopen 48 hours after the financial results are officially announced to the stock exchanges.

Trading window closure scheduled to begin on July 1, 2026
Closure pertains to the review of Unaudited Financial Results for the quarter ending June 30, 2026
Window will remain closed until 48 hours after the board meeting results are declared
Compliance follows SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 This is a routine regulatory announcement with no impact on company fundamentals; investors should monitor for the upcoming board meeting date to review Q1 performance.

Shiva Mills FY26 Net Loss Narrows to ₹8.95 Lakhs; No Dividend Recommended

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 27 May 2026, 05:17 PM

Shiva Mills reported a significantly narrowed net loss of ₹8.95 lakhs for FY26, compared to a loss of ₹381.12 lakhs in FY25. While annual revenue from operations declined by 17.8% to ₹13,913.67 lakhs, the company achieved a turnaround in Q4 FY26 with a net profit of ₹140.62 lakhs. Despite the quarterly recovery, the Board has decided not to recommend any dividend for the financial year. The company also announced a change in statutory auditors, appointing M/s CSR & Co. for a five-year term.

Annual net loss narrowed to ₹8.95 lakhs in FY26 from ₹381.12 lakhs in FY25.
Full-year revenue from operations fell 17.8% YoY to ₹13,913.67 lakhs.
Q4 FY26 turned profitable with a net profit of ₹140.62 lakhs versus a loss of ₹76.83 lakhs in Q4 FY25.
Board did not recommend any dividend for the financial year 2025-26.
Cash and cash equivalents increased to ₹397.08 lakhs from ₹29.35 lakhs year-on-year.

💡 The significant reduction in annual losses and a profitable final quarter suggest an operational recovery. Investors should monitor if this profitability is sustained in FY27 despite the current decline in top-line revenue.

Shiva Mills Q4 Net Profit at ₹1.41 Cr; FY26 Annual Loss Narrows to ₹8.95 Lakhs

🔵 WATCH ⭐ 7/10

EARNINGS 📅 27 May 2026, 05:17 PM

Shiva Mills reported a turnaround in Q4 FY26 with a net profit of ₹1.41 crore, compared to a loss of ₹0.77 crore in the same quarter last year. However, annual revenue for FY26 saw a significant decline of 17.8% YoY, falling to ₹139.14 crore from ₹169.31 crore. The company successfully narrowed its full-year net loss to just ₹8.95 lakhs from a loss of ₹3.81 crore in FY25, primarily driven by lower material costs and reduced finance charges. No dividend has been recommended for the fiscal year.

Q4 FY26 revenue from operations decreased by 10.1% YoY to ₹36.87 crore.
Full-year FY26 net loss narrowed significantly to ₹8.95 lakhs from ₹3.81 crore in FY25.
Finance costs for the full year dropped by 67.8% to ₹39.53 lakhs from ₹122.77 lakhs.
Cash and cash equivalents improved to ₹3.97 crore as of March 31, 2026, up from ₹0.29 crore YoY.
Appointment of M/s CSR & Co. as Statutory Auditors for a 5-year term starting April 2026.

💡 Investors should monitor if the Q4 profitability can be sustained in light of the declining annual revenue trend. The sharp reduction in finance costs and improved cash position are positive indicators of operational efficiency and debt management.

Shiva Mills Reports Q4 Turnaround with ₹1.41 Cr Profit; FY26 Net Loss Narrows to ₹8.95 Lakhs

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 27 May 2026, 05:17 PM

Shiva Mills Limited reported a significant improvement in its financial health for FY26, narrowing its annual net loss to ₹8.95 lakhs from ₹381.12 lakhs in FY25. Despite a 17.8% decline in annual revenue to ₹13,913.67 lakhs, the company achieved a turnaround in Q4 FY26 with a net profit of ₹140.62 lakhs. A major positive for investors is the company becoming debt-free, having repaid its entire short-term borrowings of ₹988.58 lakhs during the year. No dividend has been recommended for the financial year 2025-26.

Annual net loss narrowed significantly to ₹8.95 lakhs in FY26 from ₹381.12 lakhs in FY25.
Q4 FY26 net profit stood at ₹140.62 lakhs, a sharp recovery from a loss of ₹76.83 lakhs in Q4 FY25.
Total revenue for FY26 decreased by 17.8% YoY to ₹13,913.67 lakhs.
Company achieved debt-free status by repaying ₹988.58 lakhs in borrowings during the fiscal year.
Proposed appointment of M/s CSR & Co. as new Statutory Auditors for a 5-year term starting April 2026.

💡 Investors should view the debt-free status and the Q4 turnaround as strong indicators of improved operational management. The focus should now be on whether the company can revive revenue growth in the upcoming quarters to maintain its return to profitability.

View All SHIVAMILLS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment, Textile Business. Total income for H1 FY26 was INR 68.33 Cr, representing a 26.18% decline compared to INR 92.56 Cr in H1 FY25. This decline is attributed to diminished downstream demand in the textile sector.

Profitability Margins

Net Profit Margin for FY25 was -2.26% compared to -2.06% in FY24. Operating Profit Margin for FY25 was -1.79% compared to -2.02% in FY24. The company has reported net losses for the past three financial years ended FY25.

EBITDA Margin

Operating Profit Margin stood at -1.79% in FY25, showing a slight improvement from -2.02% in FY24 despite the net loss, primarily due to cost control measures.

Capital Expenditure

Property, Plant and Equipment stood at INR 58.07 Cr as of September 30, 2025, down from INR 59.17 Cr as of March 31, 2025. Capital Work-in-Progress was reduced to Nil from INR 0.137 Cr in the same period, indicating minimal new expansion activity.

Credit Rating & Borrowing

In July 2025, CARE Ratings downgraded the long-term bank facilities (INR 27.50 Cr) from CARE BBB+; Negative to CARE BBB; Stable and short-term facilities (INR 12.50 Cr) from CARE A2 to CARE A3+ due to persistent net losses.

⚙️ Operational Drivers

Raw Materials

Cotton and Yarn are the primary raw materials, with prices being highly volatile and significantly impacting the cost structure.

Capacity Expansion

Current installed capacity is not explicitly stated in MT, but the company operates a spinning unit and a windmill unit. Rating agencies indicate that reaching an operating income of over INR 300 Cr is a key sensitivity for a rating upgrade.

Raw Material Costs

Raw material costs are a major component of the textile business; volatility in cotton prices directly impacts margins as the company has limited ability to pass on costs during periods of diminished downstream demand.

Manufacturing Efficiency

The company employed 645 staff members as of March 31, 2025. Efficiency is driven by technological developments and maintaining harmonious industrial relations.

📈 Strategic Growth

Growth Strategy

The company aims to achieve growth by striving for continuous quality improvement, keeping pace with technological developments, prioritizing customer requirements, and focusing on value maximization. Strategic focus is on creating new business opportunities within the textile segment.

Products & Services

Cotton Yarn and related textile products.

Brand Portfolio

Shiva Mills.

🌍 External Factors

Industry Trends

The textile industry is currently facing a period of diminished downstream demand, which has led to net losses for several players including Shiva Mills over the past three years.

Competitive Landscape

The company operates in a highly competitive and fragmented textile market with significant pressure from both domestic and international players.

Competitive Moat

The company's moat is built on the promoters' vast experience in the textile industry, a long track record of operations, a comfortable capital structure with low debt (Debt-Equity of 0.11), and the availability of captive power from windmills.

Macro Economic Sensitivity

Highly sensitive to global textile demand and domestic cotton production cycles.

Consumer Behavior

Shifts in global fashion demand and consumer spending on apparel directly affect the demand for the company's yarn products.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to textile manufacturing standards and environmental pollution norms.

Environmental Compliance

The company utilizes renewable energy through its windmill units, supporting ESG compliance and reducing carbon footprint.

Legal Contingencies

The company has pending litigations disclosed in Note 32 of the Financial Statements. A specific case, C.O.S.No. 11 / 2022 involving The Karur Vysya Bank Ltd, is mentioned in legal announcements.