Shiva Mills posts 11.9% standalone operating margin in Q1FY27
Net profit was Rs 2.83 cr, with a 16.56% tax rate and Rs 0.52 cr of other income contributing to pre-tax profit.
Filed 17 Sep 2026, 16:29 IST · after market close · Shiva Mills Ltd (SHIVAMILLS)
Key takeaways
- Shiva Mills' standalone operating margin of 11.9% was 0.45 percentage points above the Consumer Discretionary median across 384 reporting peers.
- Standalone profit before tax included Rs 0.52 cr of other income, while net profit was Rs 2.83 cr.
- The stock's recorded reaction was front-loaded, rising 4.99% on day zero before falling 3.57% by day 30.
Price around the results
Margin clears the sector median
Shiva Mills reported standalone operating profit of Rs 4.53 cr on revenue of Rs 38.1 cr, converting sales into an 11.9% operating margin. That was 0.45 percentage points above the 11.45% median for 384 Consumer Discretionary peers that had reported the quarter, placing the company modestly above the sector midpoint.
Other income supports reported profit
Standalone profit before tax was Rs 3.39 cr and included Rs 0.52 cr of other income, so reported earnings were not entirely generated by operations. Interest expense was only Rs 0.02 cr, while depreciation was Rs 1.64 cr, making depreciation the more significant below-operating-profit charge. Net profit was Rs 2.83 cr at a 16.56% tax rate.
Initial stock gain reverses over 30 sessions
The stock rose 4.99% on the recorded reaction day and was still up 3.32% on the following day. The reaction was therefore concentrated at the start rather than sustained through the month.
Q1FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹38 cr |
| Other income | ₹1 cr |
| Expenses | ₹34 cr |
| Operating profit | ₹5 cr |
| Operating margin (%) | 11.90% |
| Interest | ₹0 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹3 cr |
| Tax | ₹1 cr |
| Net profit | ₹3 cr |
| EPS (₹) | ₹3.27 |
Operating margin of 11.90% compares with a Consumer Discretionary sector median of 11.45% across 384 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +4.99% | +5.25% |
| Next session | +3.32% | — |
| 5 sessions | -0.29% | +0.81% |
| 15 sessions | -0.79% | — |
| 30 sessions | -3.57% | — |
Volume on the results session was 30.91× its 20-day average.
What to watch
- Whether standalone operating margin remains above the 11.45% peer median.
- Whether operating margin holds at or above 11.9%.
- Whether other income remains close to Rs 0.52 cr in the next quarter.