Shiva Mills erases ₹9.88 cr debt and swings to Q4 profit
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.
— 2 earlier stories on Shiva Mills Ltd. →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 this 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.
Questions answered
- How did Shiva Mills turn a profit in Q4?
- The company credited lower raw-material costs and tighter inventory management for the swing to a ₹1.41 cr profit from a ₹0.77 cr loss a year earlier.
- What happened to the company's debt?
- Shiva Mills ended the year with zero borrowings, down from ₹9.88 cr at the end of FY25, marking a full clearance of its debt.
- Revenue fell. How did profits improve?
- Despite a 17.8% revenue decline to ₹139.14 cr, the full-year net loss shrank to ₹8.95 lakhs from ₹3.81 cr, pointing to significant margin improvement from cost control.
- Will there be a dividend?
- The board did not recommend a dividend for the year.
Shiva Mills Ltd.
Latest quarter · Mar 2026
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Story so far
All notes on SHIVAMILLS →- 27 May 2026 · 5:50 PM IST Shiva Mills erases ₹9.88 cr debt and swings to Q4 profit
- 45d ago Shiva Mills goes debt-free as Q4 swings to ₹1.41 cr profit
- 45d ago Shiva Mills swings to profit as debt hits zero