Shiva Mills Ltd. (SHIVAMILLS) — Tipsheet

Shiva Mills erases ₹9.88 cr debt and swings to Q4 profit

Tipsheet Editorial — Wed, 27 May 2026 17:50:15 GMT

The nano-cap textile maker posted a net profit of ₹1.41 cr in March quarter versus a loss a year ago, while full-year losses shrank to ₹8.95 lakhs from ₹3.81 cr.

What’s new

Shiva Mills swung to a Q4 net profit of ₹1.41 cr from a loss of ₹0.77 cr, driven by lower raw material costs.
Full-year net loss narrowed to ₹8.95 lakhs from ₹3.81 cr even as revenue fell 17.8% to ₹139.14 cr.
The company paid off all its borrowings, ending the year with zero debt versus ₹9.88 cr at the previous year-end.

Why it matters

For a ₹55 cr market-cap company, erasing ₹9.88 cr in debt and posting a quarterly profit is a meaningful operational reset. Revenue is still shrinking, but the bottom-line recovery shows the cost and inventory controls are working. The full-year loss is now negligible.

What we’re watching

Whether the revenue decline stabilises, as falling sales mask the strength of the cost cuts.
If the board can maintain zero borrowings through a working-capital-intensive textile cycle.
The statutory auditor appointment, pending shareholder approval, is for a five-year term from April 1, 2026.

The full read

Shiva Mills, a ₹55 cr nano-cap textile company, just posted a clean operational turnaround. Q4 net profit came in at ₹1.41 cr, flipping a ₹0.77 cr loss from the same quarter last year. The driver was simpler: lower raw-material costs and better inventory control. For the full year, the net loss is now just ₹8.95 lakhs, down from ₹3.81 cr a year ago. Revenue still fell 17.8% to ₹139.14 cr, so the bottom-line improvement is entirely a cost story. The most striking move: the company paid off all its debt, closing the year with zero borrowings versus ₹9.88 cr at the prior year-end. For a company this size, clearing the balance sheet while swinging to profit is a solid reset. Not yet a growth story. But the financial cleanup is done.

Primary source: BSE · NSE

Shiva Mills goes debt-free as Q4 swings to ₹1.41 cr profit

Tipsheet Editorial — Wed, 27 May 2026 17:47:47 GMT

The nano-cap textile maker cut borrowings to zero from ₹9.88 cr and returned to profit in the final quarter, though full-year revenue slipped 18%.

What’s new

Q4 net profit of ₹1.41 cr reverses prior-year loss of ₹0.77 cr.
Full-year net loss narrowed to ₹8.95 lakhs from ₹3.81 cr loss.
Board proposed appointing M/s CSR & Co. as statutory auditor for a five-year term.

Why it matters

For a company with a ₹55 cr market cap, going from nearly ₹10 cr in debt to zero is the real story. The quarterly swing to profit is welcome, but it's the balance-sheet cleanup that fundamentally changes the risk profile for a nano-cap that was burning cash.

What we’re watching

Whether the Q4 profit momentum holds into the new fiscal year.
How the new statutory auditor handles the transition.
Full-year margin trajectory as revenue contraction continues.

The full read

Shiva Mills, a ₹55 cr nano-cap, went from ₹9.88 cr in debt to zero this year. That's the headline. The Q4 profit of ₹1.41 cr reverses a ₹0.77 cr loss and is the clearest sign the operational turnaround is taking hold. For the full year, the loss narrowed to just ₹8.95 lakhs from ₹3.81 cr, though revenue dropped 18% to ₹139.14 cr. The math suggests cost cuts or better margins did the heavy lifting. The board also proposed swapping its statutory auditor for M/s CSR & Co. on a five-year term, with no dividend. For a company this size, being debt-free changes the conversation entirely. It can now pursue growth without the overhang of interest payments.

Primary source: BSE · NSE

Shiva Mills swings to profit as debt hits zero

Tipsheet Editorial — Wed, 27 May 2026 17:11:23 GMT

The textile firm posted a net profit of ₹1.41 cr for the March quarter, marking a turnaround from losses in the prior year and preceding quarter.

What’s new

March quarter profit of ₹1.41 cr reverses a ₹0.77 cr loss from a year ago.
Full-year net loss narrowed to ₹0.09 cr from ₹3.81 cr in the prior year.
Company ended the year with zero borrowings, down from ₹9.88 cr.

Why it matters

The shift to profitability is driven by lower input costs and tighter inventory management rather than top-line growth. Eliminating debt is a clean move for a nano-cap firm, though revenue contraction remains a hurdle.

What we’re watching

Whether the company can sustain profitability as revenue declines.
Shareholder approval for the appointment of CSR & Co. as auditors.
Future plans for capital allocation now that debt is cleared.

The full read

Shiva Mills posted a net profit of ₹1.41 crore for the March quarter, a reversal from the ₹0.77 crore loss reported in the same period last year. This turnaround, aided by lower input costs and better inventory management, helped narrow the full-year net loss to ₹0.09 crore from ₹3.81 crore. While the bottom line improved, revenue for the year fell to ₹139.14 crore from ₹169.31 crore. The company also cleared its balance sheet, ending the year with zero borrowings compared to ₹9.88 crore a year ago. The board has proposed appointing CSR & Co. as statutory auditors for a five-year term, pending shareholder approval. No dividend was recommended. The results show a company prioritizing cost control and debt reduction over top-line expansion.

Primary source: BSE · NSE