---
title: "Naman Industries Proxima Limited (NAMAN) — Share Price, Financials & Analysis"
symbol: "NAMAN"
company: "Naman Industries Proxima Limited"
canonical: "https://tapetide.com/stocks/NAMAN"
isin: "INE0RJM01010"
nse_symbol: "NAMAN"
sector: "Consumer Goods"
industry: "Home Furnishing"
market_cap_cr: 50.96
generated_at: "2026-09-13T18:33:53.646Z"
---

# Naman Industries Proxima Limited (NAMAN)

Canonical page: https://tapetide.com/stocks/NAMAN

## Company

- **NSE Symbol:** NAMAN
- **ISIN:** INE0RJM01010
- **Sector:** Consumer Goods
- **Industry:** Home Furnishing
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-04-02
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** nipl.co

## About

Incorporated in 2010, Naman Industries Proxima Ltd is in the business of Retail and Industrial fixtures.[1]

## Latest Price

- **Price:** ₹39
- **Change:** 0 (0%)
- **Open:** ₹39
- **Day High:** ₹39
- **Day Low:** ₹39
- **Previous Close:** ₹39
- **Volume:** 0
- **As Of:** 2026-09-11T10:01:13+00:00

## Key Fundamentals

Observed at 2026-09-11T04:46:48.889714Z.

- **Market Cap:** ₹50.96 Cr
- **Classification:** SME
- **P/E (reported):** -22.3
- **Book Value:** ₹59.01
- **Price to Book:** 0.66
- **Dividend Yield:** 0%
- **ROE:** 7.91%
- **ROCE:** 14.09%
- **Debt to Equity:** 0.31
- **Revenue (yearly):** ₹142.51 Cr
- **Net Income:** ₹-2.98 Cr
- **EBITDA:** ₹1.3 Cr
- **52-Week High:** ₹92.95
- **52-Week Low:** ₹37
- **RSI (14):** 39.35

## Tapetide Score

- **Score:** 49 / 100
- **Score date:** 2026-09-04
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 43.6 (of 4473 scored stocks)
- **Confidence:** 84%
- **Data coverage:** 67%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 51.96 | 9% |
| growth | 33.35 | 9% |
| momentum | 19.3 | 12% |
| ownership | 62.95 | 24% |
| quality | 64.86 | 22% |
| valuation | 41.42 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.66 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 8.58% over last 3 years.
- Earnings include an other income of Rs.1.75 Cr.
- Debtor days have increased from 60.3 to 76.1 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -230.14% | — | -141.12% |
| ebitda margin growth | -91.28% | -93.84% | -84.18% |
| net income growth | -147.3% | -132.04% | — |
| revenue growth | -9.29% | -2% | 60% |
| roce | -58.15% | -74.69% | 25% |
| roe | -67.35% | 33.79% | 104.92% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 94 | 79 | 66 | 66 | 89 | 69 | 74 |
| Expenses | 85 | 68 | 57 | 57 | 84 | 66 | 75 |
| Operating Profit | 9 | 12 | 9 | 10 | 5 | 3 | -1 |
| OPM % | 10 | 15 | 13 | 14 | 6 | 3.6 | -1.7 |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Interest | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 6 | 8 | 4 | 6 | 2 | 0 | -3 |
| Tax % | 20 | 29 | 17 | 26 | 28 | 25 | -24 |
| Net Profit | 5 | 6 | 4 | 5 | 1 | 0 | -3 |
| EPS in Rs | 35.21 | 41.14 | 3.33 | 4.56 | 1.13 | 0.25 | -2 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 13 | 51 | 150 | 145 | 156 | 142 |
| Expenses | 13 | 48 | 139 | 124 | 141 | 141 |
| Operating Profit | 1 | 3 | 11 | 21 | 15 | 1 |
| OPM % | 6 | 5 | 7 | 15 | 9 | 0.9 |
| Other Income | 0 | 0 | 0 | -1 | 1 | 2 |
| Interest | 0 | 1 | 3 | 4 | 4 | 3 |
| Depreciation | 0 | 1 | 2 | 4 | 4 | 3 |
| Profit before tax | 0 | 0 | 6 | 12 | 8 | -3 |
| Tax % | 50 | 25 | 24 | 25 | 26 | -23 |
| Net Profit | 0 | 0 | 4 | 9 | 6 | -2 |
| EPS in Rs | 0.56 | 1.5 | 31.07 | 8.79 | 4.81 | -1.74 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.9 | 1 | 1 | 11 | 13 | 13 |
| Reserves | 0 | 1 | 5 | 28 | 66 | 64 |
| Borrowings | 10 | 19 | 29 | 37 | 19 | 24 |
| Other Liabilities | 6 | 11 | 22 | 22 | 21 | 21 |
| Total Liabilities | 18 | 32 | 58 | 97 | 119 | 122 |
| Fixed Assets | 6 | 8 | 13 | 18 | 21 | 21 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 12 | 24 | 45 | 79 | 97 | 97 |
| Total Assets | 18 | 32 | 58 | 97 | 119 | 122 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -4 | -4 | -1 | 7 | -10 | -7 |
| Cash from Investing Activity | -6 | -4 | -7 | -6 | -30 | 16 |
| Cash from Financing Activity | 10 | 8 | 7 | 25 | 13 | 3 |
| Net Cash Flow | 0 | 0 | 0 | 26 | -26 | 12 |
| Free Cash Flow | -10 | -8 | -8 | 1 | -17 | -14 |
| CFO/OP | -524 | -135 | 4 | 47 | -42 | -535 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 123 | 46 | 56 | 40 | 64 | 76 |
| Inventory Days | 293 | 146 | 59 | 158 | 157 | 149 |
| Days Payable | 339 | 107 | 75 | 90 | 63 | 68 |
| Cash Conversion Cycle | 76 | 84 | 40 | 108 | 158 | 157 |
| Working Capital Days | -17 | -2 | -6 | 0 | 85 | 73 |
| ROCE % | — | 9 | 31 | 31 | 14 | 0 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 100% | 100% | 73% | 58.93% | 58.93% | 58.93% |
| FIIs | 0% | 0% | 1.18% | 1.27% | 0% | 0.73% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 0% | 18.7% | 33.75% | 34.73% | 27.18% |
| Others | 0% | 0% | 7.12% | 6.05% | 6.34% | 13.15% |
| No. of Shareholders | 7 | 7 | 645 | 715 | 899 | 830 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 40.79 | Sell |
| EMA (10) | 40.51 | Sell |
| SMA (20) | 41.55 | Sell |
| EMA (20) | 41.61 | Sell |
| SMA (50) | 44.57 | Sell |
| EMA (50) | 44.24 | Sell |
| SMA (100) | 48.38 | Sell |
| EMA (100) | 48.24 | Sell |
| SMA (200) | 55.81 | Sell |
| EMA (200) | 56.48 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 39.27 | Neutral |
| MACD (12,26,9) | -1.46 | Sell |
| Stochastic (14,3,3) | 39.05 | Neutral |
| ADX (14) | 28.75 | Buy |
| Williams %R (14) | -71.43 | Neutral |
| ATR (14) | 1.61 | High Volatility |
| ROC (12) | -4.65 | Sell |
| Stoch RSI (14) | 37.54 | Neutral |
| UO (7,14,28) | 51.46 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 May 2026 - Submitted SDD compliance certificate for FY ended 31 March 2026; no noncompliances reported. | [Structural Digital Database 8 May 2026 - Submitted SDD compliance certificate for FY ended 31 March 2026; no noncompliances reported.](https://nsearchives.nseindia.com/corporate/NAMAN_08052026161309_SDD_Certificate__Final.pdf) |
| 8 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026; no rematerialisation requests. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026; no rematerialisation requests.](https://nsearchives.nseindia.com/corporate/NAMAN_08072026191212_Regulation__74_signed.pdf) |
| 8 April 2026 - Submitted Regulation 74(5) RTA certificate for quarter ended 31 March 2026; no rematerialisation requests. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 April 2026 - Submitted Regulation 74(5) RTA certificate for quarter ended 31 March 2026; no rematerialisation requests.](https://nsearchives.nseindia.com/corporate/NAMAN_08042026163750_Regulation_74_5___DP__signed.pdf) |
| 7 January 2026 - Certificate under Reg 74(5): no rematerialisation requests for quarter ended 31-Dec-2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 January 2026 - Certificate under Reg 74(5): no rematerialisation requests for quarter ended 31-Dec-2025.](https://nsearchives.nseindia.com/corporate/NAMAN_07012026141113_Regulation_74_5__signed.pdf) |
| 4 Sep - Post-dispatch newspaper notice for 16th AGM on 25 September 2026 via VC/OAVM. | [Copy of Newspaper Publication 4 Sep - Post-dispatch newspaper notice for 16th AGM on 25 September 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/NAMAN_04092026121005_News_papers_Publication__Post_Notice_AGM__Signed.pdf) |
| 4 Sep - AGM scheduled for 25 September 2026; annual report and notice web-links shared. | [Updates 4 Sep - AGM scheduled for 25 September 2026; annual report and notice web-links shared.](https://nsearchives.nseindia.com/corporate/NAMAN_04092026172716_Weblink_Letter___signed.pdf) |
| 30 March 2026 - Members approved special resolution (28 Mar 2026) to extend time for utilising unutilised IPO proceeds; 7,722,400 votes in favour. | [Shareholders meeting 30 March 2026 - Members approved special resolution (28 Mar 2026) to extend time for utilising unutilised IPO proceeds; 7,722,400 votes in favour.](https://nsearchives.nseindia.com/corporate/NAMAN1_30032026195019_Covering_and_Scrutinizer_Report_Signed.pdf) |
| 30 December 2025 - NSE approved company name change effective January 02, 2026; revised CA certificate submitted. | [Name Change 30 December 2025 - NSE approved company name change effective January 02, 2026; revised CA certificate submitted.](https://nsearchives.nseindia.com/corporate/NAMAN_30122025163437_Annoucement__NSE_signed.pdf) |
| 3 Sep - 16th AGM on 25 September 2026; seeks approval for audited accounts, RPTs, and director reappointments. | [Shareholders meeting 3 Sep - 16th AGM on 25 September 2026; seeks approval for audited accounts, RPTs, and director reappointments.](https://nsearchives.nseindia.com/corporate/NAMAN_03092026201048_Notice_of_AGM__Signed.pdf) |
| 26 March 2026 - Trading window closed from 01-Apr-2026 until 48 hours after FY2025-26 financial results. | [Trading Window 26 March 2026 - Trading window closed from 01-Apr-2026 until 48 hours after FY2025-26 financial results.](https://nsearchives.nseindia.com/corporate/NAMAN_26032026163452_Trading_window_closure_Signed.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31310_NAMAN_2025_2026_A_4813380_03092026201904.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28364_NAMAN_2024_2025_A_21715944_03092025210859.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25497_NAMAN_2023_2024_0209202423840.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2025 | [Concall - Sep 2025](https://nsearchives.nseindia.com/corporate/NAMAN_25092025111216_Intimation_to_SE_Investot_PPT_Signed.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/NAMAN_08112025173255_PPT__NAMAN_merged_signed.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/NAMAN_26112024151615_Initmation_Transcript_Signed.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://nsearchives.nseindia.com/corporate/NAMAN_20082024233123_Investor_meet_reg_30_Signed.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:33:53.646Z.