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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
Crisil A/Negative/Crisil A2+
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 21 Aug 2025
This rating is over a year old.
View Full Report52-Week Range
Valuation
Financials (FY2024)
Source: CRISILInvestment Thesis
Sri Vishnu Shankar Mill Limited is a four-decade-old cotton yarn manufacturer in Rajapalayam with family promoter backing. While the business is in a structurally stable sector, the lack of publicly available financials, unlisted status, and competitive market make it a niche investment consideration. Its valuation at ₹315/share is likely driven by asset values and local market transactions.
Pros
Cons
Business Segments
Cotton Yarn Manufacturing
Spinning of raw cotton into cotton yarn for sale to weaving mills, hosiery manufacturers, and fabric producers
Revenue Model
Sri Vishnu Shankar Mill generates revenue through manufacture and sale of cotton yarn, priced per kilogram based on yarn count and market conditions. Revenue is driven by spinning capacity (spindles), yarn count mix, and prevailing cotton prices. The company sells to domestic fabric mills and potentially to export markets.
Detailed Analysis
Growth Plans
India's Production Linked Incentive (PLI) scheme for textiles providing growth tailwinds for domestic yarn manufacturers
China+1 strategy by global apparel brands increasing sourcing from Indian textile suppliers
Rising demand from domestic hosiery and fabric manufacturing clusters in Tirupur and Coimbatore
Industry Tailwinds
India's Production Linked Incentive (PLI) scheme for textiles providing growth tailwinds for domestic yarn manufacturers
Recent Developments
Sri Vishnu Shankar Mill Limited reported revenues of Rs 291 crore in FY2025 with a workforce of 1,155 employees, reflecting stable mid-scale spinning operations in Rajapalayam, Tamil Nadu.
FY2025Comparable Companies
VTL · ~12,000 Cr
Frequently Asked Questions
About Sri Vishnu Shankar Mill
Sri Vishnu Shankar Mill Limited is a Tamil Nadu-based cotton yarn manufacturer incorporated on March 23, 1981, operating from Rajapalayam — a well-known textile hub in Virudhunagar district, Tamil Nadu. The company specializes in spinning cotton fiber, including ring-spun blended yarns for textile manufacturers. The company employs 1,155 people (as of August 2025) and reported revenue of Rs 291 crore in FY2025, with revenue in the Rs 100-500 crore range in FY2024 as well. This scale places Sri Vishnu Shankar Mill among the significant mid-sized cotton yarn manufacturers in Tamil Nadu's textile sector. Rajapalayam is notable for its cotton textile industry, being home to several spinning mills and traditionally associated with quality cotton yarn production. The company has been operational for over 44 years, building buyer relationships across India's textile supply chain. The ring-spun blended yarn specialization allows Sri Vishnu Shankar Mill to serve weavers and garment manufacturers requiring specific fiber blends (cotton-polyester, cotton-viscose) that offer cost-performance balance. This differentiation helps the company compete with pure cotton yarn producers by targeting customers needing both natural fiber quality and synthetic cost efficiency. With 1,155 employees and Rs 291 crore revenue, Sri Vishnu Shankar Mill operates a capital-intensive manufacturing business generating approximately Rs 25 lakhs revenue per employee — a typical ratio for mid-scale spinning operations. The company's 44-year history, dedicated website, and stable employment base suggest a well-managed spinning business.
Key Milestones
Incorporated in 1981 in Rajapalayam, Tamil Nadu as a cotton yarn spinning mill
Common questions about unlisted shares
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
China+1 strategy by global apparel brands increasing sourcing from Indian textile suppliers
Rising demand from domestic hosiery and fabric manufacturing clusters in Tirupur and Coimbatore
Industry Headwinds
Global slowdown reducing textile export demand from key markets
Rising power costs in Tamil Nadu affecting spinning mill economics
Technology obsolescence if spinning machinery is not upgraded to modern standards
Upward Factors
9% on a sustained basis Improved cash generation, including from sale of non-core assets/investments, along with prudent working capital management, leading to steady reduction in debt, benefiting key debt protection ratios. Improvement in credit profile of Ramco group.
Downward Factors
5%, impacting cash generation. Any sizeable debt-funded capital spending, or a stretch in the working capital cycle, or debt raised to fund lossed, further moderating the financial risk profile. Increase in encumbrance levels on its investments in listed group entities crossing more than 70-75% of the current holding levels by way of pledge or non-disposal undertaking. Any significant deterioration in credit profile of key Ramco group entities impacting the overall group's credit profile or change in stance of support.
Company reported a net loss of ₹26.95 Cr (FY2024) — may signal structural profitability challenges
Source: Financial data
Interest coverage ratio of 0.57x (FY2024) — EBIT does not fully cover interest expenses; risk of debt default
Source: Financial data
CRISIL rating outlook is "Negative" — signals potential downgrade risk if conditions deteriorate
Source: CRISIL
Cotton yarn margins are highly sensitive to raw cotton (kapas) price movements; a sharp rise in cotton prices without corresponding yarn price increases compresses profitability
Source: Company Financial Filings
Fragmented industry with hundreds of spinning mills in Tamil Nadu; larger mills with modernized ring frames and open-end spinning have cost advantages
Source: Media Reports / Public Records
Indian cotton yarn exports are subject to global demand fluctuations, especially from China and Bangladesh, affecting realizations
Source: AlphaHub Research
Cotton yarn margins are highly sensitive to raw cotton (kapas) price movements; a sharp rise in cotton prices without corresponding yarn price increases compresses profitability
Fragmented industry with hundreds of spinning mills in Tamil Nadu; larger mills with modernized ring frames and open-end spinning have cost advantages
Indian cotton yarn exports are subject to global demand fluctuations, especially from China and Bangladesh, affecting realizations
TRIDENT · ~8,000 Cr
SUTLEJTEX · ~2,000 Cr
Registered as a public limited company under CIN U17301TN1981PLC008677
Promoted by the Rajha family, prominent textile industrialists in Tamil Nadu
Mr PR Ramasubramaneya Rajha and Ms Sharada Deepa (daughter of Mr P.R. Ramasubramaneya Rajha)
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