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Shiva Texyarn Limited (SHIVATEX)

₹161.82 +2.07% last close, 16 Oct

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

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Shiva Texyarn's revenue was ₹73.8 Cr (-3.1% year on year, -10.9% on the previous quarter), and net profit ₹1.9 Cr (-24.4% year on year); the operating margin was 9.8%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹73.8	-3.1%	-10.9%
Operating profit	₹7.2	-19.6%	+194.5%
Net profit	₹1.9	-24.4%	+498.8%
EPS (₹)	1.43	-24.3%	+495.8%
Operating margin	9.8%	—	—

Full quarterly financials → Results calendar →

SHIVATEX delivery percentage

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

On Fri, 16 Oct 2026, 76.57% of the SHIVATEX shares traded on NSE were taken to delivery, against the stock's own 20-session average of 78.21%. That is close to its usual level. Turnover was only ₹6 lakh, so a handful of trades can move this figure.

76.57%Delivery, 16 Oct

78.21%Own 20-session average

0.9×Volume vs its average

₹161.82NSE close · +2.07%

Delivery in the last 5 sessions: 98.9% · 72.7% · 77.0% · 45.0% · 76.6%

Delivery across the market →

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 Texyarn Submits Demat Compliance Certificate for Q2 Ended September 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 07 Oct 2026, 10:33 AM

Shiva Texyarn Limited submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The confirmation, issued by Registrar and Transfer Agent MUFG Intime India Private Limited, verifies that share certificates received for dematerialisation were processed, confirmed, and cancelled as required. This is a recurring administrative filing with no financial or operational impact.

Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
Pertains to the quarter ended September 30, 2026
Confirmation issued by Registrar and Transfer Agent MUFG Intime India Private Limited dated October 3, 2026
Processed dematerialised securities were confirmed and listed on BSE and NSE under ISIN INE705C01020

💡 No action is required for this routine administrative filing; investors should track upcoming Q2 FY27 financial results for operational updates.

CARE Upgrades Shiva Texyarn to 'CARE BBB+/Stable' & 'CARE A2' on Rs 202.58 Cr Facilities

🟢 POSITIVE ⭐ 9/10

REGULATORY 📅 31 Aug 2026, 03:51 PM

CARE Ratings Limited has upgraded the credit ratings for Shiva Texyarn Limited's bank facilities aggregating to Rs 202.58 Cr. Long-term bank facilities of Rs 98.08 Cr (enhanced from Rs 80.99 Cr) were upgraded to 'CARE BBB+; Stable' from 'CARE BBB; Stable'. Long-term/Short-term facilities of Rs 65.00 Cr were revised upward to 'CARE BBB+; Stable / CARE A2' from 'CARE BBB; Stable / CARE A3+'. Short-term facilities of Rs 39.50 Cr were upgraded to 'CARE A2' from 'CARE A3+'.

Total bank facilities rated stand at Rs 202.58 Cr (approx. 60.0% of FY26 TTM revenue)
Long-term facilities of Rs 98.08 Cr upgraded to CARE BBB+; Stable from CARE BBB; Stable
Long-term/Short-term facilities of Rs 65.00 Cr upgraded to CARE BBB+; Stable / CARE A2 from CARE BBB; Stable / CARE A3+
Short-term facilities of Rs 39.50 Cr upgraded to CARE A2 from CARE A3+

💡 Track upcoming quarterly financial statements to evaluate if improved credit ratings reduce overall finance costs and improve interest coverage on its Rs 73 Cr debt profile.

Shiva Texyarn Shareholders Approve All AGM Resolutions With ~100% Majority

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Aug 2026, 03:57 PM

Shiva Texyarn Limited has announced the results of its 45th Annual General Meeting held on August 27, 2026. All 6 proposed resolutions were approved by shareholders with approximately 100% of votes in favour (9,602,709 votes out of 9,602,710 polled). Key approvals included the adoption of FY26 financial statements, declaration of dividend, director re-appointment, and alterations to the Memorandum and Articles of Association.

Shareholders approved all 6 ordinary and special resolutions at the 45th AGM on August 27, 2026.
A total of 9,602,710 votes were polled per resolution, with 9,602,709 shares (100%) voting in favour.
Resolutions included adoption of FY26 financials, equity dividend declaration, and amendment of MOA object clauses.
Eligibility cut-off date for voting was August 20, 2026.

💡 Track the dividend distribution timeline and subsequent quarterly filings for operational updates regarding technical textiles and defense segments.

Shiva Texyarn Shareholders Approve MOA Object Clause Alteration and New AOA at 45th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Aug 2026, 02:18 PM

Shiva Texyarn Limited informed the exchanges that shareholders approved alterations to the Memorandum of Association (MOA) and Articles of Association (AOA) at the 45th AGM on August 27, 2026. The alteration in the main object clause inserts a new clause III(A)(2) to enable the company to enlarge its areas of business operations. Furthermore, the company adopted a modern set of Articles of Association aligned with the Companies Act, 2013, replacing the previous version governed by the Companies Act, 1956.

Shareholders approved MOA and AOA alterations at the 45th AGM held on August 27, 2026.
Inserted new main object clause III(A)(2) to enlarge the operational scope of the business.
Adopted a new set of Articles of Association in full alignment with the Companies Act, 2013.

💡 Monitor future quarterly announcements or capex plans to see if the company diversifies into new business activities enabled by the expanded object clause.

Shiva Texyarn Concludes 45th AGM; Considers 60% Dividend and MOA Alteration

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Aug 2026, 02:16 PM

Shiva Texyarn Limited concluded its 45th Annual General Meeting held on August 27, 2026, with 37 members present representing 96,04,285 shares. Key resolutions considered include the adoption of FY26 financial statements, declaration of a 60% dividend on equity shares, and alteration of the Memorandum of Association's object clause. Remote e-voting was conducted from August 24 to August 26, 2026, and final voting results are scheduled to be published on or before August 29, 2026.

45th AGM conducted on August 27, 2026, via Video Conferencing with 37 members representing 96,04,285 shares
Ordinary business included declaration of a 60% dividend on equity shares and reappointment of Director Smt. S Sujana Abirami
Special business included alteration of the object clause of the Memorandum of Association and adoption of new Articles of Association
Scrutinizer's voting results to be declared and filed within 2 days (on or before August 29, 2026)

💡 Track the formal scrutinizer voting report on or before August 29, 2026, for final confirmation of resolution approvals and subsequent dividend payout timelines.

Shiva Texyarn Q1 FY27 Net Profit Drops 30% YoY to ₹1.72 Cr; Revenue Down 3% to ₹73.81 Cr

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 06 Aug 2026, 01:43 PM

Shiva Texyarn reported a weak start to FY27 with standalone revenue declining 3.1% YoY to ₹73.81 Cr. Net profit saw a sharper decline of 30.1% YoY, falling to ₹1.72 Cr from ₹2.46 Cr in the same quarter last year. Profitability was pressured by high operating expenses, which consumed 97.4% of revenue. The company's Q1 revenue represents approximately 21.6% of its TTM revenue of ₹341 Cr, indicating a slower run rate compared to the previous year.

Standalone Revenue from operations decreased to ₹73.81 Cr from ₹76.18 Cr in the year-ago period.
Standalone Net Profit fell 30.1% YoY to ₹1.72 Cr compared to ₹2.46 Cr in Q1 FY26.
Total expenses for the quarter stood at ₹71.92 Cr, leaving a thin operating cushion.
Finance costs saw a reduction to ₹2.08 Cr from ₹2.89 Cr in the corresponding quarter last year.
Consolidated EPS for the quarter stood at ₹1.43, down from ₹1.89 in Q1 FY26.

💡 Monitor the execution of the high-margin defense segment orders and the recovery of retail brands like QuickDry, which are essential for the company to reach its ₹500 Cr revenue target. Watch for margin stabilization in the spinning division amid cotton price volatility.

Rs 0.60 Dividend: Shiva Texyarn Sets August 20, 2026, as Record Date

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 30 Jul 2026, 11:31 AM

Shiva Texyarn Limited has declared a dividend of Rs 0.60 per equity share for the financial year, representing a 6% payout on the face value of Rs 10. The company has fixed August 20, 2026, as the record date to determine shareholder eligibility. At the current market price of Rs 164, this represents a modest dividend yield of approximately 0.37%. The total dividend payment is scheduled to be completed on or before September 26, 2026.

Dividend declared at Rs 0.60 per equity share of Rs 10 face value
Record date for eligibility fixed as August 20, 2026
Final payment to be disbursed on or before September 26, 2026
Dividend yield stands at approximately 0.37% based on the current price of Rs 164

💡 Investors interested in the dividend must hold the shares before the ex-dividend date (typically one business day prior to the record date). Monitor the company's transition into high-margin defense textiles to see if future payout ratios improve.

Rs 0.60 Dividend Proposed; 45th AGM Scheduled for August 27, 2026

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 30 Jul 2026, 11:29 AM

Shiva Texyarn has scheduled its 45th Annual General Meeting (AGM) for August 27, 2026, and proposed a dividend of Rs 0.60 per equity share (6% of face value). This dividend represents a payout of approximately 7.6% of the FY26 EPS of Rs 7.88. The dividend, if approved, will be paid to shareholders on or before September 26, 2026. The cut-off date for determining eligibility for remote e-voting is August 20, 2026.

Proposed dividend of Rs 0.60 per equity share on a face value of Rs 10.
45th Annual General Meeting to be held on August 27, 2026.
Dividend payment to be completed on or before September 26, 2026.
Remote e-voting period scheduled from August 24 to August 26, 2026.
Cut-off date for e-voting eligibility set as August 20, 2026.

💡 Investors should monitor the AGM for management updates on the strategy to reach Rs 500 Cr revenue and the scaling of high-margin defense textile orders.

Shiva Texyarn Submits Quarterly Compliance Certificate for Dematerialization (June 2026)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Jul 2026, 12:10 PM

Shiva Texyarn Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that for the quarter ended June 30, 2026, all share certificates received for dematerialization were processed, mutilated, and cancelled by the Registrar, MUFG Intime India Private Limited. This filing is a standard administrative requirement to ensure the integrity of electronic shareholding records. It does not reflect any change in the company's financial performance or business operations.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation provided by Registrar & Transfer Agent, MUFG Intime India Private Limited
Adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Verification and cancellation of physical certificates completed within prescribed timelines

💡 This is a routine regulatory filing. Investors should monitor the company's upcoming quarterly financial results for actual business performance updates.

Shiva Texyarn Announces Trading Window Closure from June 30, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Jun 2026, 12:07 PM

Shiva Texyarn Limited has notified the exchange regarding the closure of its trading window starting June 30, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q1 financial results. The window will remain closed until 48 hours after the un-audited financial results for the quarter ending June 30, 2026, are declared. The specific date for the board meeting to approve these results will be communicated at a later date.

Trading window closure commences on June 30, 2026
Closure pertains to the un-audited financial results for the quarter ending June 30, 2026
Window will reopen 48 hours after the official declaration of financial results
Board meeting date for results approval to be announced in due course

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

Shiva Texyarn FY26 Revenue Grows 5.5% to ₹340.52 Cr; Recommends ₹0.60 Dividend

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 27 May 2026, 02:09 PM

Shiva Texyarn Limited reported a steady performance for FY26, with annual revenue from operations increasing by 5.5% to ₹34,052.40 lakhs. Profit Before Tax (PBT) saw a significant jump of 37.4% to ₹1,299.61 lakhs, although net profit after tax was lower at ₹1,037.15 lakhs compared to ₹1,249.01 lakhs in FY25 due to a high tax credit in the previous year. The board has recommended a 6% dividend (₹0.60 per share) and announced key management elevations in the Lamination and Strategic Affairs divisions. Additionally, the company is updating its Memorandum and Articles of Association to align with current regulatory requirements.

Annual Revenue from operations increased to ₹34,052.40 lakhs in FY26 from ₹32,270.74 lakhs in FY25.
Profit Before Tax (PBT) grew by 37.4% year-on-year to reach ₹1,299.61 lakhs.
Recommended a final dividend of ₹0.60 per equity share (6% on face value of ₹10).
Appointed Sri M Gopalakrishnan as COO (Lamination) and Sri G K Raman as President - Strategic Affairs.
Proposed amendments to the Object Clause of the Memorandum of Association and adoption of new Articles of Association.

💡 Investors should view the growth in pre-tax profits as a positive sign of operational efficiency, despite the year-on-year dip in net profit caused by tax adjustments. The consistent dividend and leadership strengthening suggest a stable outlook for the textile and lamination business.

Shiva Texyarn FY26 Revenue Grows 5.5% to ₹340 Cr, Declares 6% Dividend, Appoints New COO

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 27 May 2026, 02:07 PM

Shiva Texyarn reported a 5.5% year-on-year growth in standalone revenue to ₹34,052.40 lakhs for the financial year ended March 31, 2026. Despite the revenue growth, standalone net profit declined to ₹1,037.15 lakhs from ₹1,249.01 lakhs in the previous year, primarily due to higher operational expenses. The company has recommended a dividend of ₹0.60 per share (6%) and announced key leadership changes, including a new COO for the Lamination Division and a President for Strategic Affairs. Additionally, the company is proposing amendments to its Memorandum and Articles of Association.

Standalone Revenue from operations increased to ₹34,052.40 lakhs in FY26 from ₹32,270.74 lakhs in FY25.
Standalone Net Profit for FY26 stood at ₹1,037.15 lakhs, down from ₹1,249.01 lakhs in the previous fiscal.
Board recommended a final dividend of ₹0.60 per equity share (6% on face value of ₹10) for FY 2025-26.
Elevation of Mr. M Gopalakrishnan to COO (Lamination Division) and appointment of Mr. G K Raman as President - Strategic Affairs.
Total standalone borrowings reduced significantly to ₹6,983.11 lakhs from ₹9,447.59 lakhs year-on-year.

💡 Investors should note the steady top-line growth but investigate the margin pressure that led to lower year-on-year profits. The reduction in total debt is a positive sign for the balance sheet strength.

Shiva Texyarn Recommends ₹0.60 Dividend; FY26 Consolidated Net Profit Rises to ₹12.21 Crore

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 27 May 2026, 02:00 PM

Shiva Texyarn Limited has recommended a final dividend of ₹0.60 per equity share (6% of face value) for FY 2025-26. The company reported a steady performance with consolidated revenue growing to ₹340.52 crore in FY26 from ₹322.71 crore in the previous year. Consolidated net profit saw a healthy increase of 17.7%, reaching ₹12.21 crore compared to ₹10.37 crore in FY25. The board also announced key senior management appointments and elevations to drive strategic affairs and lamination division operations.

Recommended a final dividend of ₹0.60 per equity share (6% on face value of ₹10) for FY 2025-26.
Consolidated revenue from operations increased 5.5% year-on-year to ₹340.52 crore.
Consolidated net profit for the year ended March 31, 2026, rose to ₹12.21 crore from ₹10.37 crore.
Elevated Sri M Gopalakrishnan to COO (Lamination) and appointed Sri G K Raman as President - Strategic Affairs.
Board approved amendments to the Object Clause of the Memorandum of Association and adopted new Articles of Association.

💡 The company shows stable growth and a commitment to shareholder returns through dividends; investors should monitor if the new management appointments can accelerate revenue growth in the coming quarters.

Shiva Texyarn FY26 Net Profit Rises 38% to ₹9.01 Cr; Recommends ₹0.60 Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 27 May 2026, 01:57 PM

Shiva Texyarn Limited reported a positive performance for the financial year ended March 31, 2026, with standalone revenue growing 5.5% to ₹340.52 crore. The company's net profit saw a robust increase of 38.3% year-on-year, reaching ₹9.01 crore. In light of these results, the board has recommended a dividend of ₹0.60 per share (6% of face value). The company also announced key leadership changes, including a new COO for the Lamination Division and a President for Strategic Affairs to drive future growth.

Standalone Revenue from operations increased to ₹34,052.40 lakhs in FY26 from ₹32,270.74 lakhs in FY25.
Net Profit after tax grew significantly by 38.3% YoY to ₹901.34 lakhs.
Board recommended a final dividend of ₹0.60 per equity share for the financial year 2025-26.
Consolidated Total Comprehensive Income for the year stood at ₹1,221.08 lakhs.
Strategic management appointments made for the Lamination Division and Strategic Affairs to strengthen senior leadership.

💡 Investors should view the strong bottom-line growth and dividend recommendation as positive signs of operational efficiency. Monitor the impact of the new strategic leadership on the Lamination Division's contribution to future revenue.

Shiva Texyarn Launches 'Saksham Niveshak' Campaign for KYC and Unclaimed Dividend Updates

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Apr 2026, 04:56 PM

Shiva Texyarn Limited has initiated the 'Saksham Niveshak' campaign, a 100-day outreach program aimed at shareholders. The primary goal is to facilitate the update of KYC, bank account details, and nominee information to ensure seamless dividend processing. This initiative also targets shareholders with unclaimed dividends from FY 2018-19 to prevent the mandatory transfer of shares to the Investor Education and Protection Fund (IEPF). The company has utilized newspaper advertisements and website notices to disseminate this information as part of its regulatory compliance.

Launched the 2nd 100 Days Campaign titled 'Saksham Niveshak' for shareholder outreach.
Published advertisements in Business Standard and Maalai Murasu on April 22, 2026.
Focuses on updating KYC and bank details to prevent share transfer to IEPF after 7 years of unclaimed dividends.
Notices issued specifically regarding unclaimed dividends from the financial year 2018-19.

💡 Long-term shareholders should verify their KYC status and claim any outstanding dividends to avoid asset transfer to the IEPF. No immediate action is required for regular traders or those with updated records.

View All SHIVATEX Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Standalone total income for Q2 FY26 reached INR 105.50 Cr, representing a 10.5% growth compared to INR 95.46 Cr in Q2 FY25. Technical textiles accounted for 23.3% of the top line in recent periods, while the spinning segment faced a 29% YoY decline in earlier quarters (Q1 FY24) before recovering.

Geographic Revenue Split

Not disclosed in available documents; however, the company operates primarily out of Coimbatore, Tamil Nadu, with a focus on domestic retail and defense segments.

Profitability Margins

Operating Profit Margin improved significantly by 206%, rising from 3.61% in FY24 to 11.05% in FY25. Net Profit Margin also saw a turnaround of 210%, moving from -3.31% in FY24 to 3.65% in FY25 due to higher profitability in the defense and technical textile segments.

EBITDA Margin

EBITDA margin for Q1 FY24 was negative at -0.29% (loss of INR 0.26 Cr), but the company has since improved performance. Credit rating agencies have set a target of maintaining PBILDT margins above 12% on a sustained basis for a positive rating action.

Capital Expenditure

Not disclosed in available documents, though credit rating sensitivities indicate that any large debt-funded capex leading to a gearing ratio above 1.5x would be viewed negatively.

Credit Rating & Borrowing

The company's outlook was revised from Negative to Stable by CARE Ratings. Key triggers for improvement include scaling operations beyond INR 500 Cr and maintaining a current ratio between 1.3x and 1.5x.

⚙️ Operational Drivers

Raw Materials

Cotton and yarn are the primary raw materials. Volatility in these prices is cited as a major constraint, directly impacting the spinning segment's profitability.

Import Sources

Not disclosed in available documents; however, the company is based in the textile hub of Coimbatore, Tamil Nadu.

Capacity Expansion

The company is transitioning its spinning division towards 'finer counts' to improve margins. Current capacity utilization is improving, particularly in the spinning division, though specific MTPA figures are not provided.

Raw Material Costs

Raw material expenses were INR 60.92 Cr against a total income of INR 90.16 Cr in Q1 FY24, representing approximately 67.5% of revenue. Margins remain highly exposed to price volatility in these inputs.

Manufacturing Efficiency

Efficiency is being driven by a shift toward high-margin defense orders and finer count patterns in the spinning division to offset rising manufacturing costs.

📈 Strategic Growth

Expected Growth Rate

37%

Growth Strategy

Growth is targeted through the scaling of operations to exceed INR 500 Cr revenue. The strategy involves increasing the contribution from the high-margin, order-based defense segment and recovering retail brands like QuickDry.

Products & Services

Cotton yarn (finer counts), Technical Textiles, Defense-grade textile products, and baby care products.

Brand Portfolio

QuickDry (retail brand) and Shiva Texyarn.

New Products/Services

Expansion into order-based high-margin defense textiles is expected to be a significant contributor to future revenue growth.

Market Expansion

The company is focusing on the recovery of its retail brands and expanding its footprint in the technical textiles market, which recently contributed 23.3% to the top line.

Strategic Alliances

The company has an associate relationship with L.K. Distributors Private Limited, whose results are included in the consolidated financial statements.

🌍 External Factors

Industry Trends

The textile industry is seeing a shift toward technical textiles and specialized defense applications. Shiva Texyarn is positioning itself by diversifying away from pure spinning into these higher-margin value-added segments.

Competitive Landscape

Competes with other textile mills in the Coimbatore region and national players in the technical textile and retail baby-care segments.

Competitive Moat

The company's moat is built on its long-standing presence since 1980 and its diversification into technical textiles and defense, which provides a buffer against the cyclicality of the spinning industry.

Macro Economic Sensitivity

Highly sensitive to textile industry cycles and cotton price inflation, which caused a net loss margin of -3.31% in FY24.

Consumer Behavior

Muted demand in retail markets has previously impacted the brand segment, but a recovery in consumer spending is expected to help brands like QuickDry.

Geopolitical Risks

Not disclosed in available documents; however, defense contracts may be influenced by national procurement policies.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. The company maintains an adequate internal financial control system as of March 31, 2025.

Taxation Policy Impact

The company follows standard Indian corporate tax rates; specific effective tax rate percentages were not provided in the summary results.

Legal Contingencies

The company reported differences in quarterly returns filed with banks regarding stock and creditors due to provisions and cut-off procedures, though these did not adversely affect drawing power.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the volatility of raw material prices, which can cause EBITDA margins to fluctuate significantly (e.g., the 104% YoY drop in EBITDA in Q1 FY24).