Neelam Linens and Garments (India) Ltd.

•

₹ 80%

2026-08-21

neelamgarments.comBSE: -NSE: NEELAM

Market Cap₹ 16 Cr.

Current Price₹ 8

High / Low₹ 22 / 8

Stock P/E0.0

Book Value₹ 19

Price to Book1.06

Dividend Yield0.00 %

ROCE9.9 %

ROE8.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Manufacturing Business: 80.0% • Trading of Licence: 20.0%

PROS

CONS

Company has a high debt-to-equity of 1.71x
A large part of profit comes from other income (32.6% of PBT)
Company has a low return on capital employed of 9.9%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.38x)
Interest coverage is weak at 1.6x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

TextilesTextileTextile

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	PAGEIND	35490.00	0.00	39585.10	1.55	192.81	-3.98	1420.45	7.89	73.60	20.35
2.	KPRMILL	1151.45	43.14	39358.17	0.43	258.54	21.55	1935.52	14.77	20.16	19.37
3.	WELSPUNLIV	189.30	64.42	17884.17	0.05	162.61	82.09	2795.45	23.66	15.04	11.53
4.	VTL	602.75	20.58	17448.15	0.83	314.56	51.46	2703.08	13.31	11.31	18.11
5.	ARVIND	537.40	35.30	14619.46	0.84	57.77	5.61	2500.96	24.65	13.98	9.64
6.	MANYAVAR	543.95	32.80	13216.80	1.42	66.90	37.31	267.95	22.74	33.92	45.53
7.	PGIL	2376.05	35.37	10975.10	0.61	99.23	51.37	1528.26	24.46	22.42	10.72
8.	SWANCORP	303.60	42.56	9516.55	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
9.	ICIL	443.25	58.18	8778.76	0.34	63.22	67.28	1206.96	25.89	8.73	11.88
10.	GARFIBRES	802.05	37.28	7831.89	1.12	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	582.10	62.24	6111.55	0.00	426.47	—	2472.47	—	26.15	30.50
12.	NEELAM	8.00	0.00	16.17	0.00	—	—	—	—	9.92	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	78	102	104	102	110
	77	96	97	95	100
Operating Profit	4	8	8	10	12
OPM %	5	8	8	10	10
Other Income	2	2	2	2	1
Interest	3	3	4	5	6
Depreciation	1	1	1	2	2
	0	4	3	3	4
Tax %	-16	23	28	22	28
Net Profit	0	3	2	2	3
EPS	0	2	2	2	1
Dividend Payout %	0	0	0	0	0
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	0	2	2	2	1
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	0	2	2	2	1

Mar 2021

: 78
: 77
Operating Profit: 4
OPM %: 5
Other Income: 2
Interest: 3
Depreciation: 1
: 0
Tax %: -16
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2022

: 102
: 96
Operating Profit: 8
OPM %: 8
Other Income: 2
Interest: 3
Depreciation: 1
: 4
Tax %: 23
Net Profit: 3
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2023

: 104
: 97
Operating Profit: 8
OPM %: 8
Other Income: 2
Interest: 4
Depreciation: 1
: 3
Tax %: 28
Net Profit: 2
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2024

: 102
: 95
Operating Profit: 10
OPM %: 10
Other Income: 2
Interest: 5
Depreciation: 2
: 3
Tax %: 22
Net Profit: 2
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2025

: 110
: 100
Operating Profit: 12
OPM %: 10
Other Income: 1
Interest: 6
Depreciation: 2
: 4
Tax %: 28
Net Profit: 3
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 3%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: -4%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -65%

RETURN ON EQUITY

10 Years:: —
5 Years:: 12%
3 Years:: 11%
Last Year:: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-
Equity Capital	0	0	7	15	20
	11	14	14	9	19
	26	23	26	26	18
Trade Payables	0	12	12	21	29
	26	28	40	50	50
Total Liabilities	64	78	100	121	137
ASSETS	-	-	-	-	-
	4	3	6	4	4
	29	39	48	46	50
	0	0	0	42	47
Cash & Bank	1	2	2	2	6
	30	34	44	27	30
Total Assets	64	78	100	121	137
Total Debt	53	51	65	70	67
Net Working Capital	18	24	37	46	60
Contingent Liabilities	6	6	6	18	14
Book Value per Share	584.92	734.21	28.41	15.87	19.37
Face Value	10.00	10.00	10.00	10.00	10.00
Total Debt	53	51	65	70	67
Net Working Capital	18	24	37	46	60
Contingent Liabilities	6	6	6	18	14
Book Value per Share	584.92	734.21	28.41	15.87	19.37
Face Value	10.00	10.00	10.00	10.00	10.00

Mar 2021

Equity Capital: 0
: 11
: 26
Trade Payables: 0
: 26
Total Liabilities: 64
: 4
: 29
: 0
Cash & Bank: 1
: 30
Total Assets: 64
Total Debt: 53
Net Working Capital: 18
Contingent Liabilities: 6
Book Value per Share: 584.92
Face Value: 10.00
Total Debt: 53
Net Working Capital: 18
Contingent Liabilities: 6
Book Value per Share: 584.92
Face Value: 10.00

Mar 2022

Equity Capital: 0
: 14
: 23
Trade Payables: 12
: 28
Total Liabilities: 78
: 3
: 39
: 0
Cash & Bank: 2
: 34
Total Assets: 78
Total Debt: 51
Net Working Capital: 24
Contingent Liabilities: 6
Book Value per Share: 734.21
Face Value: 10.00
Total Debt: 51
Net Working Capital: 24
Contingent Liabilities: 6
Book Value per Share: 734.21
Face Value: 10.00

Mar 2023

Equity Capital: 7
: 14
: 26
Trade Payables: 12
: 40
Total Liabilities: 100
: 6
: 48
: 0
Cash & Bank: 2
: 44
Total Assets: 100
Total Debt: 65
Net Working Capital: 37
Contingent Liabilities: 6
Book Value per Share: 28.41
Face Value: 10.00
Total Debt: 65
Net Working Capital: 37
Contingent Liabilities: 6
Book Value per Share: 28.41
Face Value: 10.00

Mar 2024

Equity Capital: 15
: 9
: 26
Trade Payables: 21
: 50
Total Liabilities: 121
: 4
: 46
: 42
Cash & Bank: 2
: 27
Total Assets: 121
Total Debt: 70
Net Working Capital: 46
Contingent Liabilities: 18
Book Value per Share: 15.87
Face Value: 10.00
Total Debt: 70
Net Working Capital: 46
Contingent Liabilities: 18
Book Value per Share: 15.87
Face Value: 10.00

Mar 2025

Equity Capital: 20
: 19
: 18
Trade Payables: 29
: 50
Total Liabilities: 137
: 4
: 50
: 47
Cash & Bank: 6
: 30
Total Assets: 137
Total Debt: 67
Net Working Capital: 60
Contingent Liabilities: 14
Book Value per Share: 19.37
Face Value: 10.00
Total Debt: 67
Net Working Capital: 60
Contingent Liabilities: 14
Book Value per Share: 19.37
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	20	6	-11	0	8
Cash from Investing	-7	-1	-3	1	-8
Cash from Financing	-23	-5	14	-1	4
	-10	1	-0	0	4
Free Cash Flow	20	6	-14	-2	8
OCF / Net Profit	47.50	1.95	-4.68	0.17	2.91
Cumulative 5-Year FCF	0	0	0	0	0
OCF / Net Profit	47.50	1.95	-4.68	0.17	2.91
Cumulative 5-Year FCF	0	0	0	0	0

Mar 2021

: 20
Cash from Investing: -7
Cash from Financing: -23
: -10
Free Cash Flow: 20
OCF / Net Profit: 47.50
Cumulative 5-Year FCF: 0
OCF / Net Profit: 47.50
Cumulative 5-Year FCF: 0

Mar 2022

: 6
Cash from Investing: -1
Cash from Financing: -5
: 1
Free Cash Flow: 6
OCF / Net Profit: 1.95
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.95
Cumulative 5-Year FCF: 0

Mar 2023

: -11
Cash from Investing: -3
Cash from Financing: 14
: -0
Free Cash Flow: -14
OCF / Net Profit: -4.68
Cumulative 5-Year FCF: 0
OCF / Net Profit: -4.68
Cumulative 5-Year FCF: 0

Mar 2024

: 0
Cash from Investing: 1
Cash from Financing: -1
: 0
Free Cash Flow: -2
OCF / Net Profit: 0.17
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.17
Cumulative 5-Year FCF: 0

Mar 2025

: 8
Cash from Investing: -8
Cash from Financing: 4
: 4
Free Cash Flow: 8
OCF / Net Profit: 2.91
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.91
Cumulative 5-Year FCF: 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-
EPS (₹)	20.77	149.29	3.21	1.66	1.33
Book Value (₹)	584.92	734.21	28.41	15.87	19.37
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	1.14	3.44	2.02	2.75	2.14
PROFITABILITY	-	-	-	-	-
Operating Margin %	4.92%	8.08%	8.09%	7.63%	9.34%
Net Margin %	0.53%	2.94%	2.30%	2.40%	2.43%
ROE %	3.55%	22.63%	13.32%	11.06%	8.55%
ROCE %	4.55%	10.66%	10.20%	9.59%	9.92%
	0.65%	4.19%	2.68%	2.23%	2.08%
EFFICIENCY	-	-	-	-	-
Debtor Days	70	59	64	108	146
Inventory Days	135	123	154	167	158
Payable Days	1	25	47	67	99
	205	157	171	208	205
FINANCIAL HEALTH	-	-	-	-	-
Debt to Equity (x)	4.50x	3.48x	3.11x	2.97x	1.71x
Interest Coverage (x)	1.14x	2.28x	1.74x	1.58x	1.60x
	1.63x	1.64x	1.87x	1.78x	2.15x
GROWTH	-	-	-	-	-
Revenue Growth %	0.00%	29.83%	2.01%	-1.18%	7.90%
Operating Profit Growth %	0.00%	113.44%	2.04%	22.01%	12.90%
Net Profit Growth %	0.00%	618.95%	-20.33%	3.43%	8.91%
	0.00%	0.00%	0.00%	-48.28%	-20.28%
VALUATION	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	15.54x
P/B (x)	0.00x	0.00x	0.00x	0.00x	1.06x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	8.06x	8.91x

Mar 2021

EPS (₹): 20.77
Book Value (₹): 584.92
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.14
Operating Margin %: 4.92%
Net Margin %: 0.53%
ROE %: 3.55%
ROCE %: 4.55%
: 0.65%
Debtor Days: 70
Inventory Days: 135
Payable Days: 1
: 205
Debt to Equity (x): 4.50x
Interest Coverage (x): 1.14x
: 1.63x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 149.29
Book Value (₹): 734.21
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.44
Operating Margin %: 8.08%
Net Margin %: 2.94%
ROE %: 22.63%
ROCE %: 10.66%
: 4.19%
Debtor Days: 59
Inventory Days: 123
Payable Days: 25
: 157
Debt to Equity (x): 3.48x
Interest Coverage (x): 2.28x
: 1.64x
Revenue Growth %: 29.83%
Operating Profit Growth %: 113.44%
Net Profit Growth %: 618.95%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 3.21
Book Value (₹): 28.41
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.02
Operating Margin %: 8.09%
Net Margin %: 2.30%
ROE %: 13.32%
ROCE %: 10.20%
: 2.68%
Debtor Days: 64
Inventory Days: 154
Payable Days: 47
: 171
Debt to Equity (x): 3.11x
Interest Coverage (x): 1.74x
: 1.87x
Revenue Growth %: 2.01%
Operating Profit Growth %: 2.04%
Net Profit Growth %: -20.33%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 1.66
Book Value (₹): 15.87
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.75
Operating Margin %: 7.63%
Net Margin %: 2.40%
ROE %: 11.06%
ROCE %: 9.59%
: 2.23%
Debtor Days: 108
Inventory Days: 167
Payable Days: 67
: 208
Debt to Equity (x): 2.97x
Interest Coverage (x): 1.58x
: 1.78x
Revenue Growth %: -1.18%
Operating Profit Growth %: 22.01%
Net Profit Growth %: 3.43%
: -48.28%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 8.06x

Mar 2025

EPS (₹): 1.33
Book Value (₹): 19.37
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.14
Operating Margin %: 9.34%
Net Margin %: 2.43%
ROE %: 8.55%
ROCE %: 9.92%
: 2.08%
Debtor Days: 146
Inventory Days: 158
Payable Days: 99
: 205
Debt to Equity (x): 1.71x
Interest Coverage (x): 1.60x
: 2.15x
Revenue Growth %: 7.90%
Operating Profit Growth %: 12.90%
Net Profit Growth %: 8.91%
: -20.28%
P/E (x): 15.54x
P/B (x): 1.06x
Dividend Yield %: 0.00%
: 8.91x

Shareholding Pattern

Numbers in percentages

TRADES

	Dec 2024	Mar 2025	Sep 2025	Mar 2026
	54.30	54.30	54.30	54.30
	7.33	6.53	1.45	0.00
	0.00	1.16	0.18	0.00
Government	0.00	0.00	0.00	0.00
	38.37	38.02	44.07	45.70

Dec 2024

: 54.30
: 7.33
: 0.00
Government: 0.00
: 38.37

Mar 2025

: 54.30
: 6.53
: 1.16
Government: 0.00
: 38.02

Sep 2025

: 54.30
: 1.45
: 0.18
Government: 0.00
: 44.07

Mar 2026

: 54.30
: 0.00
: 0.00
Government: 0.00
: 45.70

Documents

Announcements

Nothing filed yet.

Annual Reports

Annual Report FY2025
2025
Annual Report FY2024
2024

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.