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Asset Turnover is linked to ROE % through Du Pont Formula. Shine Fashions (India)'s annualizedROE % for the quarter that ended in Mar. 2026 was -13.64%. It is also linked to ROA % through Du Pont Formula. Shine Fashions (India)'s annualizedROA % for the quarter that ended in Mar. 2026 was -4.58%.
Note:
The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data.
* 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.
** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.
It is also linked to ROA % through Du Pont Formula:
Shine Fashions (India)'s annulizedROA % for the quarter that ended in Mar. 2026 is
Note:
The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data.
* 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.
Be Aware
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.
Shine Fashions (India) Asset Turnover Related Terms
Shine Fashions (India) Asset Turnover Historical Data
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The historical data trend for Shine Fashions (India)'s Asset Turnover 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.
For the Textile Manufacturing subindustry, Shine Fashions (India)'s Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Shine Fashions (India) Asset Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shine Fashions (India)'s Asset Turnover distribution charts can be found below:
* The bar in red indicates where Shine Fashions (India)'s Asset Turnover falls into.
* 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.
Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.
Shine Fashions (India) (BOM:543244) has a Asset Turnover of 0.64 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Shine Fashions (India) and its competitors.
Is Shine Fashions (India)'s Asset Turnover too high?
Shine Fashions (India)'s current Asset Turnover is 0.64. Overall, Shine Fashions (India) has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shine Fashions (India)'s Asset Turnover compare to competitors?
Shine Fashions (India)'s Asset Turnover of 0.64 can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Manufacturing - Apparel & Accessories company?
A good Asset Turnover depends on the Manufacturing - Apparel & Accessories industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Shine Fashions (India) and its competitors. Shine Fashions (India)'s current Asset Turnover is 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shine Fashions (India) stock overvalued right now?
Based on GuruFocus' analysis, Shine Fashions (India) (BOM:543244) is currently considered Possible Value Trap. The stock's GF Value™ is ₹56.47, compared to a current price of ₹20.12 — trading 64.4% below its estimated fair value. The current Asset Turnover is 0.64. Shine Fashions (India)'s overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Shine Fashions (India) (BOM:543244), the current Asset Turnover is 0.64 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Shine Fashions (India) (BOM:543244) Overvalued in 2026?
Based on GuruFocus' analysis, Shine Fashions (India) stock appears to be undervalued.
The current stock price of ₹20.12 is trading 64.4% below its estimated GF Value™ of ₹56.47.
GuruFocus considers Shine Fashions (India) to be Possible Value Trap.
Key valuation signals for BOM:543244:
Asset Turnover: 0.64
GF Value™: ₹56.47 vs. price of ₹20.12 (64.4% below fair value)
No single metric tells the full story. See the BOM:543244 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shine Fashions (India) Ltd imports, supplies, and trades non-woven interlining fabrics, woven fusible interlinings, and microdot fusible interlinings. The company's product portfolio includes Hot Web Adhesive; Woven Stretch Interlining; Cap Interlining; Tricot; Non-Woven Interlining; Cotton Fusible Interlining; and Trafetta. It offers products in white, off-white, black, and charcoal.
74GF Score
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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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