Neelam Linens and Garments (India) Ltd
Incorporated in September 2010, Neelam Linens and Garments (India) Ltd is a soft home furnishing company. [1]
- Market Cap ₹ 29.1 Cr.
- Current Price ₹ 14.4
- High / Low ₹ 74.4 / 14.4
- Stock P/E 9.16
- Book Value ₹ 20.1
- Dividend Yield 0.00 %
- ROCE 9.95 %
- ROE 8.62 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.72 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 10.6% over last 3 years.
- Contingent liabilities of Rs.14.4 Cr.
- Company has high debtors of 154 days.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 78 | 102 | 104 | 102 | 110 | 127 | |
| 76 | 96 | 97 | 95 | 100 | 117 | |
| Operating Profit | 2 | 6 | 7 | 8 | 10 | 10 |
| OPM % | 2% | 6% | 6% | 8% | 9% | 8% |
| 2 | 2 | 2 | 2 | 1 | 1 | |
| Interest | 3 | 3 | 4 | 5 | 6 | 5 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 1 |
| Profit before tax | 0 | 4 | 3 | 3 | 4 | 4 |
| Tax % | -50% | 23% | 28% | 22% | 28% | |
| 0 | 3 | 2 | 2 | 3 | 3 | |
| EPS in Rs | 0.68 | 4.82 | 3.22 | 1.66 | 1.33 | 1.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -2% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -70% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 0.20 | 7 | 15 | 20 | 20 |
| Reserves | 12 | 14 | 14 | 9 | 19 | 20 |
| 53 | 51 | 65 | 70 | 67 | 24 | |
| 0 | 13 | 13 | 28 | 31 | 56 | |
| Total Liabilities | 65 | 79 | 100 | 121 | 137 | 121 |
| 4 | 3 | 6 | 4 | 4 | 4 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 61 | 75 | 94 | 117 | 133 | 116 | |
| Total Assets | 65 | 79 | 100 | 121 | 137 | 121 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 20 | 6 | -11 | 0 | 8 | |
| -7 | -1 | -3 | 1 | -8 | |
| -23 | -5 | 14 | -1 | 4 | |
| Net Cash Flow | -10 | 1 | -0 | 0 | 4 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 70 | 64 | 65 | 150 | 154 |
| Inventory Days | 147 | 163 | 193 | 182 | 196 |
| Days Payable | 1 | 49 | 47 | 86 | 113 |
| Cash Conversion Cycle | 217 | 178 | 211 | 246 | 236 |
| Working Capital Days | 78 | 79 | 125 | 155 | 179 |
| ROCE % | 10% | 10% | 10% | 10% |
Documents
Announcements
-
Outcome of Board Meeting
13 November 2025 - Board approved H1 results (30 Sep 2025): Revenue Rs5,447.99 lakh; PAT Rs142.49 lakh; no IPO fund deviation.
-
Outcome of Board Meeting
13 November 2025 - Approved unaudited H1 results (Sep 30, 2025): revenue Rs5,408.51L; PAT Rs142.49L; EPS 0.85; IPO proceeds fully utilized.
-
General Updates
3 November 2025 - Board meeting on Nov 13, 2025 to approve unaudited half-year results for Sep 30, 2025; trading window closed.
-
Resignation of Independent director
31 October 2025 - NEELAM LINENS AND GARMENTS (INDIA) LIMITED has informed about Resignation of Independent director.
-
Resignation
29 October 2025 - Independent Director Dinkal Sanghvi resigned effective October 29, 2025; cited personal commitments.
Business Divison
1. Processing and Trading of Products (60.6% of the revenue)[1]
Home Furnishing Products: This is their primary business division, focused on design, processing, and supply of various soft home furnishing items.