BSE: 0 | NSE: NEELAM | Textile |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Neelam Linens and Garments (India) Ltd is a below average quality company.
The key valuation ratios of Neelam Linens and Garments (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Neelam Linens and Garments (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 4.6% | 10.7% | 10.2% | 9.6% | - |
| Value Creation Index ⓘ | -0.7 | -0.2 | -0.3 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 78.2 | 102 | 104 | 102 | 102 |
| Sales YoY Gr. | - | 29.8% | 2% | -1.2% | - |
| Adj EPS ⓘ | 0.3 | 1.8 | 1.2 | 1.1 | 1.2 |
| YoY Gr. | - | 471.9% | -33.3% | -6.6% | - |
| BVPS (₹) ⓘ | 9.4 | 11.8 | 14.2 | 15.9 | 18.1 |
| Adj Net Profit ⓘ | 0.4 | 2.3 | 1.8 | 1.7 | 2 |
| Cash Flow from Ops. ⓘ | 19.7 | 5.8 | -11.1 | 0.4 | - |
| Debt/CF from Ops. ⓘ | 2.7 | 8.8 | -5.9 | 164.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 9.4% | -1.2% | ||||
| Adj EPS ⓘ | NA | NA | 52.7% | -6.6% | ||||
| BVPSⓘ | NA | NA | 19% | 11.8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.4 | 17.2 | 10.1 | 7.6 | 7.2 |
| Op. Profit Mgn % ⓘ | 2.4 | 5.9 | 6.3 | 7.6 | NAN |
| Net Profit Mgn % ⓘ | 0.5 | 2.2 | 1.7 | 1.6 | 2.4 |
| Debt to Equity ⓘ | 4.5 | 3.5 | 3.1 | 3 | - |
| Working Cap Days ⓘ | 0 | 237 | 291 | 369 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 159 | 181 | 197 | 0 |
Net Profit is growing at healthy rate in last 3 years 52.73%
Debt to equity has declined versus last 3 years average to 2.97
Return on Equity has declined versus last 3 years average to 7.20%
Sales growth has been subdued in last 3 years 9.38%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.2 | - |
| TTM Sales (₹ Cr.) | 102 | - |
| BVPS (₹.) ⓘ | 18.1 | - |
| Reserves (₹ Cr.) ⓘ | 16 | - |
| P/BV ⓘ | 1.14 | - |
| PE ⓘ | 16.84 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 41.5 |
| Equity (₹ Cr.) | 20.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 31.1 |
| Pledged * | 0.00 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| PDS | 399.6 | -29.2 (-6.8%) | Small Cap | 10,577 | 11.5 | 3.2 | 37.3 | 3.7 |
| Welspun Living | 124.4 | -9.5 (-7.1%) | Small Cap | 9,679 | 6.8 | 6.9 | 19.7 | 2.7 |
| Vardhman Textiles | 471.4 | -8.3 (-1.7%) | Small Cap | 9,299 | 28.9 | 5.9 | 16.6 | 1.5 |
| Arvind | 330.6 | -15.6 (-4.5%) | Small Cap | 7,738 | 11.5 | 4.5 | 30.1 | 2.5 |
| K.P.R. Mill | 954.8 | -31.5 (-3.2%) | Small Cap | 6,060 | 24.1 | 13 | 40.9 | 6.9 |
| Alok Inds | 15.4 | -0.5 (-3.3%) | Small Cap | 5,356 | -1.8 | -15.2 | - | -0.4 |
| Page Industries | 42,379.2 | -1151.3 (-2.6%) | Mid Cap | 4,825 | 603.7 | 11.8 | 72.1 | 28.7 |
| RSWM | 145.5 | -5.9 (-3.9%) | Small Cap | 4,058 | -1.2 | -2 | - | 0.6 |
| Indo Count Inds | 260.2 | -25.3 (-8.9%) | Small Cap | 3,557 | 16.5 | 9.1 | 17.3 | 2.5 |
| Himatsingka Seide | 148.2 | -10.8 (-6.8%) | Small Cap | 2,841 | 7 | 3.9 | 22.8 | 1 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 78.20 | 101.53 | 103.56 | 102.34 |
| Operating Expenses ⓘ | 76.50 | 95.59 | 97.04 | 94.53 |
| Manufacturing Costs | 0.11 | 0.03 | 0.19 | 0.13 |
| Material Costs | 71.83 | 88.15 | 91.26 | 91.14 |
| Employee Cost | 0.17 | 0.19 | 0.35 | 0.35 |
| Other Costs ⓘ | 4.39 | 7.22 | 5.25 | 2.91 |
| Operating Profit ⓘ | 1.69 | 5.94 | 6.53 | 7.81 |
| Operating Profit Margin (%) | 2.2% | 5.8% | 6.3% | 7.6% |
| Other Income ⓘ | 2.15 | 2.27 | 1.85 | 2.41 |
| Interest ⓘ | 2.57 | 3.04 | 4.46 | 5.44 |
| Depreciation ⓘ | 1 | 1.27 | 0.61 | 1.61 |
| Exceptional Items ⓘ | 0.08 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.36 | 3.90 | 3.30 | 3.16 |
| Tax ⓘ | -0.06 | 0.91 | 0.92 | 0.70 |
| Profit After Tax | 0.42 | 2.99 | 2.38 | 2.46 |
| PAT Margin (%) | 0.5% | 2.9% | 2.3% | 2.4% |
| Adjusted EPS (₹) | 0.3 | 2.4 | 1.6 | 1.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 11.70 | 14.68 | 21.02 | 23.48 | ||||||
| Share Capital ⓘ | 0.20 | 0.20 | 7.40 | 14.80 | ||||||
| Reserves ⓘ | 11.50 | 14.48 | 13.62 | 8.68 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 50.40 | 50.19 | 62.24 | 65.21 | ||||||
| Long Term Debt | 24.37 | 26.73 | 35.86 | 39.38 | ||||||
| Short Term Debt | 26.02 | 23.45 | 26.38 | 25.83 | ||||||
| Trade Payables | 0.17 | 11.76 | 11.84 | 21.42 | ||||||
| Others Liabilities ⓘ | 2.08 | 1.60 | 4.43 | 10.88 | ||||||
| Total Liabilities ⓘ | 64.35 | 78.23 | 99.53 | 120.99 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 5.17 | 5.42 | 8.42 | 8.44 | ||||||
| Accumulated Depreciation | 1 | 2.27 | 2.89 | 4.50 | ||||||
| Net Fixed Assetsⓘ | 4.17 | 3.15 | 5.54 | 3.95 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 29.02 | 39.34 | 48.34 | 45.50 | ||||||
| Trade Receivables | 15 | 17.77 | 18.49 | 41.92 | ||||||
| Cash Equivalents | 1.48 | 1.98 | 1.69 | 2.16 | ||||||
| Others Assetsⓘ | 14.69 | 15.99 | 25.48 | 27.47 | ||||||
| Total Assets ⓘ | 64.35 | 78.23 | 99.53 | 120.99 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 19.73 | 5.82 | -11.12 | 0.42 |
| PBT ⓘ | 0.28 | 3.90 | 3.30 | 3.16 |
| Adjustment ⓘ | 2.73 | 4.24 | 4.98 | 6.91 |
| Changes in Working Capital ⓘ | 16.96 | -2.56 | -20.39 | -8.86 |
| Tax Paid ⓘ | -0.24 | 0.24 | 0.99 | -0.80 |
| Cash Flow From Investing Activity ⓘ | -7.17 | -0.79 | -2.90 | 1.17 |
| Capex | -2.21 | -0.26 | -3 | -0.02 |
| Net Investments | 0 | 0 | 0 | 1.05 |
| Others ⓘ | -4.96 | -0.53 | 0.10 | 0.14 |
| Cash Flow From Financing Activityⓘ | -22.91 | -4.53 | 13.74 | -1.13 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 3.96 | 0 |
| Net Proceeds from Borrowing ⓘ | 1.69 | 2.36 | 9.13 | 3.52 |
| Interest Paid ⓘ | -2.57 | -3.04 | -4.46 | -5.44 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | -22.04 | -3.85 | 5.11 | 0.79 |
| Net Cash Flow ⓘ | -10.35 | 0.51 | -0.29 | 0.46 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.55 | 22.63 | 13.32 | 11.06 | ||||||
| ROCE (%) | 4.55 | 10.66 | 10.2 | 9.59 | ||||||
| Asset Turnover Ratio | 1.22 | 1.42 | 1.17 | 0.93 | ||||||
| PAT to CFO Conversion(x) | 46.98 | 1.95 | -4.67 | 0.17 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 70 | 59 | 64 | 108 | ||||||
| Inventory Days | 135 | 123 | 155 | 167 | ||||||
| Payable Days | 1 | 25 | 47 | 67 | ||||||
Neelam Linens and Garments (India) Limited was incorporated as private limited Company under the name ‘Neelam Linens and Garments (India) Private Limited’, under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Mumbai on September 22, 2010. The status of the Company was changed to public limited and the name of the company was changed to ‘Neelam Linens and Garments (India) Limited’ vide Special Resolution dated August 12, 2022. The fresh certificate of Incorporation consequent to conversion was issued on September 1, 2022, by the Registrar of Companies, Mumbai.
The company operates as a soft home furnishing company based out of Maharashtra, India, extending its services to a global clientele, including USA, Australia and Far East. It specializes in the processing, finishing and supplying of bedsheets, Pillow cover, Duvet Cover, Towels, Rugs, Doher, Shirts & Garments predominantly for discounted retail outlets. It sources surplus or slightly imperfect fabric from the domestic market, applying value-added services such as designing, digital printing, dyeing, stitching, embroidery, and other enhancements. Subsequently, it distributes these refined products to discounted retail outlets in diverse countries. The company entered the apparel industry by starting an in-house production of men’s and women’s fashion apparel since 2023.
The company also earns revenue from sale of import licenses. An import license is a governmental authorization required for the importation of goods that are not freely importable. Licenses of this form restrict the number of items entering a country to exactly the requirements of those products and the country’s customs regulations. The government primarily offers the licenses as a financial incentive to exporters, and once granted, they become commodities. Import licenses, which grant the holder the right to import goods that may be restricted or regulated, are considered a service when they are sold or transferred. The sale of license business of the company can be bifurcated into two parts, i.e. sale of the import license received from the government as an incentive and trading of the import license available in the market.
The sale of import license received from government as a part of incentive includes RODTEP (Remission of duties and taxes on export product) and ROSCTL (Rebate of state & central Taxes and Levies). These e-scripts are issued by customs in respect of Remission of embedded local duties & taxes levied on FOB value of the exported goods. As the Company does not import any type of goods, they sale the same to the importer available in the market at a reasonable discount. To make Indian product competitive against the nation such as Vietnam, Bangladesh, Thailand etc., government give incentive to the eligible exporters. The company also earns revenue from sale of import licenses.
Business area of the company
The company operates as a soft home furnishing company based out of Maharashtra, India, extending its services to a global clientele, including USA, Australia and Far East. It specializes in the processing, finishing and supplying of bedsheets, Pillow cover, Duvet Cover, Towels, Rugs, Doher, Shirts & Garments predominantly for discounted retail outlets.
Products of the company
Awards, accreditations or recognitions
History and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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