Shanti Spintex (BOM:544059) Retained Earnings : ₹0 Mil (As of Sep. 2024)

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What is Shanti Spintex Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Shanti Spintex's retained earnings for the quarter that ended in Sep. 2024 was ₹0 Mil.

Shanti Spintex's quarterly retained earnings increased from Sep. 2023 (₹286 Mil) to Mar. 2024 (₹364 Mil) but then declined from Mar. 2024 (₹364 Mil) to Sep. 2024 (₹0 Mil).

Shanti Spintex's annual retained earnings increased from Mar. 2022 (₹135 Mil) to Mar. 2023 (₹234 Mil) and increased from Mar. 2023 (₹234 Mil) to Mar. 2024 (₹364 Mil).

Shanti Spintex Retained Earnings Historical Data

The historical data trend for Shanti Spintex's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shanti Spintex Retained Earnings Chart

Shanti Spintex Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Retained Earnings

86.55

135.21

233.90

364.08

Shanti Spintex Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Retained Earnings	Get a 7-Day Free Trial			135.21	233.90	286.28	364.08	-

Shanti Spintex Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Shanti Spintex (BOM:544059) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Shanti Spintex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanti Spintex Ltd (BOM:544059) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

A -1601, Navratna Corporate Park, Ambli Bopal Road, Ahmedabad, GJ, IND, 380058

Website

https://www.shantispintex.com

Shanti Spintex Ltd is engaged in the Manufacturing and selling of Cotton Yarn and Fabrics. It manufactures various types of denim fabrics such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, over-dyed denim, and flat finish 3/1 denim and also offers denim fabrics in a diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, etc. The Company's operations encompass the utilization of diverse types of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell, etc. The Company is currently organized into two operating activities - 1. Textile Manufacturing and 2. Windmill Operations. The company generates the majority of its revenue from the Textile segment.

Shanti Spintex Headlines

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