---
title: "Neelam Linens and Garments (India) Ltd (NEELAM) — Share Price, Financials & Analysis"
symbol: "NEELAM"
company: "Neelam Linens and Garments (India) Ltd"
canonical: "https://tapetide.com/stocks/NEELAM"
isin: "INE0N1401016"
nse_symbol: "NEELAM"
sector: "Textiles"
industry: "Textile Products"
market_cap_cr: 12.54
generated_at: "2026-09-13T19:49:44.954Z"
---

# Neelam Linens and Garments (India) Ltd (NEELAM)

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

## Company

- **NSE Symbol:** NEELAM
- **ISIN:** INE0N1401016
- **Sector:** Textiles
- **Industry:** Textile Products
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-11-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** neelamgarments.com

## About

Incorporated in 2010, Neelam Linens and Garments (India) Ltd is in the business of manufacturing & trading of cotton made 
ups[1]

## Latest Price

- **Price:** ₹6.2
- **Change:** -0.2 (-3.13%)
- **Open:** ₹6.15
- **Day High:** ₹6.3
- **Day Low:** ₹6.1
- **Previous Close:** ₹6.4
- **Volume:** 84000
- **As Of:** 2026-09-10T09:48:30+00:00

## Key Fundamentals

Observed at 2026-09-11T04:49:31.231989Z.

- **Market Cap:** ₹12.54 Cr
- **Classification:** SME
- **P/E (reported):** 8.1
- **Book Value:** ₹20.13
- **Price to Book:** 0.31
- **Dividend Yield:** 0%
- **ROE:** 6.84%
- **ROCE:** 11.48%
- **Debt to Equity:** 0.6
- **Revenue (yearly):** ₹118.29 Cr
- **Net Income:** ₹1.57 Cr
- **EBITDA:** ₹5.22 Cr
- **52-Week High:** ₹22
- **52-Week Low:** ₹6.1
- **RSI (14):** 18.37

## Tapetide Score

- **Score:** 42 / 100
- **Score date:** 2026-07-20
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Average · Valuation: Fair · Momentum: Falling
- **Percentile:** 21.3 (of 4272 scored stocks)
- **Confidence:** 92%
- **Data coverage:** 83%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 24.6 | 15% |
| growth | 41.75 | 15% |
| momentum | 16.75 | 15% |
| ownership | 50 | 10% |
| quality | 55.64 | 25% |
| valuation | 52.49 | 20% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.31 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 8.63% over past five years.
- Company has a low return on equity of 7.18% over last 3 years.
- Contingent liabilities of Rs.14.4 Cr.
- Earnings include an other income of Rs.2.99 Cr.
- Company has high debtors of 156 days.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | 170.23% | -60.42% |
| ebitda margin growth | -26.67% | -57.8% | -55.9% | -45.64% |
| net income growth | -87.5% | -41.85% | -13% | 30% |
| revenue growth | -28.18% | 5.99% | 5% | 9% |
| roce | — | -16.14% | -15.84% | 12.69% |
| roe | — | -34.73% | 9.54% | 92.68% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 35 | 68 | 37 | 73 | 54 | 64 |
| Expenses | 32 | 62 | 33 | 68 | 50 | 63 |
| Operating Profit | 3 | 5 | 5 | 6 | 4 | 1 |
| OPM % | 8 | 8 | 13 | 8 | 8 | 1.2 |
| Other Income | 1 | 1 | 0 | 1 | 0 | 3 |
| Interest | 2 | 3 | 3 | 3 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 2 | 1 | 2 | 2 | 0 |
| Tax % | 16 | 24 | 33 | 26 | 28 | 29 |
| Net Profit | 1 | 2 | 1 | 2 | 1 | 0 |
| EPS in Rs | 0.39 | 1.28 | 0.62 | 0.87 | 0.7 | 0.06 |

### 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 | 78 | 102 | 104 | 102 | 110 | 118 |
| Expenses | 76 | 96 | 97 | 95 | 100 | 113 |
| Operating Profit | 2 | 6 | 7 | 8 | 10 | 5 |
| OPM % | 2.4 | 6 | 6 | 8 | 9 | 4.4 |
| Other Income | 2 | 2 | 2 | 2 | 1 | 3 |
| Interest | 3 | 3 | 4 | 5 | 6 | 5 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 0 | 4 | 3 | 3 | 4 | 2 |
| Tax % | -50 | 23 | 28 | 22 | 28 | 27 |
| Net Profit | 0 | 3 | 2 | 2 | 3 | 2 |
| EPS in Rs | 0.68 | 4.82 | 3.22 | 1.66 | 1.33 | 0.77 |
| 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 | 0.2 | 0.2 | 7 | 15 | 20 | 20 |
| Reserves | 12 | 14 | 14 | 9 | 19 | 20 |
| Borrowings | 53 | 51 | 65 | 70 | 67 | 24 |
| Other Liabilities | 0 | 13 | 13 | 28 | 31 | 54 |
| Total Liabilities | 65 | 79 | 100 | 121 | 137 | 118 |
| Fixed Assets | 4 | 3 | 6 | 4 | 4 | 7 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 61 | 75 | 94 | 117 | 133 | 112 |
| Total Assets | 65 | 79 | 100 | 121 | 137 | 118 |

### 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 | 20 | 6 | -11 | 0 | 8 | -2 |
| Cash from Investing Activity | -7 | -1 | -3 | 1 | -8 | 0 |
| Cash from Financing Activity | -23 | -5 | 14 | -1 | 4 | -1 |
| Net Cash Flow | -10 | 1 | 0 | 0 | 4 | -3 |
| Free Cash Flow | 18 | 6 | -14 | 0 | 6 | -6 |
| CFO/OP | 1068 | 94 | -186 | 16 | 94 | -24 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 70 | 64 | 65 | 150 | 154 | 156 |
| Inventory Days | 147 | 163 | 193 | 182 | 196 | 127 |
| Days Payable | 1 | 49 | 47 | 86 | 113 | 24 |
| Cash Conversion Cycle | 217 | 178 | 211 | 246 | 236 | 258 |
| Working Capital Days | 78 | 79 | 125 | 155 | 179 | 183 |
| ROCE % | — | 10 | 10 | 10 | 10 | 8 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 54.3% | 54.3% | 54.3% | 54.3% |
| FIIs | 7.33% | 6.53% | 1.45% | 0% |
| DIIs | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% |
| Public | 33.39% | 33.24% | 37.3% | 34.9% |
| Others | 4.99% | 5.93% | 6.95% | 10.8% |
| No. of Shareholders | 274 | 289 | 329 | 354 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 7.18 | Sell |
| EMA (10) | 7.13 | Sell |
| SMA (20) | 8.1 | Sell |
| EMA (20) | 8.01 | Sell |
| SMA (50) | 10.33 | Sell |
| EMA (50) | 9.62 | Sell |
| SMA (100) | 11.28 | Sell |
| EMA (100) | 11.51 | Sell |
| SMA (200) | 15.09 | Sell |
| EMA (200) | 16.34 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 18.34 | Buy |
| MACD (12,26,9) | -1.11 | Sell |
| Stochastic (14,3,3) | 1.39 | Buy |
| ADX (14) | 30.33 | Buy |
| Williams %R (14) | -95.83 | Buy |
| ATR (14) | 0.36 | High Volatility |
| ROC (12) | -23.93 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 15.26 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 January 2026 - Exchange has sought clarification from Neelam Linens and Garments (India) Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) … | [Clarification - Financial Results 8 January 2026 - Exchange has sought clarification from Neelam Linens and Garments (India) Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=NEELAM&tabIndex=sme) |
| 7 Jul - Quarter-end Regulation 74(5) depository compliance certificate filed for 30 June 2026; no dematerialized shares reported. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 Jul - Quarter-end Regulation 74(5) depository compliance certificate filed for 30 June 2026; no dematerialized shares reported.](https://nsearchives.nseindia.com/corporate/NEELAM2024_07072026175848_ComplianceReg74_5_.pdf) |
| 6 Sep - 16th AGM on 29 Sep 2026; remote e-voting 26-28 Sep; book closure 23-29 Sep. | [Copy of Newspaper Publication 6 Sep - 16th AGM on 29 Sep 2026; remote e-voting 26-28 Sep; book closure 23-29 Sep.](https://nsearchives.nseindia.com/corporate/NEELAM2024_06092026233913_Covering_letter_Eng_Mar.pdf) |
| 5 Sep - 16th AGM on 29 Sep 2026; shareholders to approve related-party transactions up to Rs. 50 crore. | [Shareholders meeting 5 Sep - 16th AGM on 29 Sep 2026; shareholders to approve related-party transactions up to Rs. 50 crore.](https://nsearchives.nseindia.com/corporate/NEELAM2024_05092026165511_Neelam_AGM_Notice_with_cover_letter.pdf) |
| 31 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after FY2026 results declaration. | [Trading Window 31 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after FY2026 results declaration.](https://nsearchives.nseindia.com/corporate/NEELAM2024_31032026161514_NEELAM_Closure_Trading_Window.pdf) |
| 30 May 2026 - Board approved FY2026 audited results and appointed Siddharth Sanghavi as Company Secretary effective 30 May 2026. | [Outcome of Board Meeting 30 May 2026 - Board approved FY2026 audited results and appointed Siddharth Sanghavi as Company Secretary effective 30 May 2026.](https://nsearchives.nseindia.com/corporate/NEELAM2024_30052026222459_Outcome_of_BM-merged.pdf) |
| 30 May 2026 - Board approved audited FY2026 results and appointed Siddharth Sanghavi as Company Secretary from May 30, 2026. | [Change in Company Secretary/Compliance Officer 30 May 2026 - Board approved audited FY2026 results and appointed Siddharth Sanghavi as Company Secretary from May 30, 2026.](https://nsearchives.nseindia.com/corporate/NEELAM2024_30052026223541_Outcome_of_BM-merged.pdf) |
| 30 May - Neelam Linens and Garments (India) Limited has informed about related Party Transactions | [Related Party Transactions 30 May - Neelam Linens and Garments (India) Limited has informed about related Party Transactions](https://nsearchives.nseindia.com/corporate/NEELAM2024_30052026235028_Declaration_for_Related_Party_Transaction.pdf) |
| 30 May - Neelam Linens and Garments (India) Limited has informed about General Updates | [General Updates 30 May - Neelam Linens and Garments (India) Limited has informed about General Updates](https://nsearchives.nseindia.com/corporate/NEELAM2024_30052026234757_Declaration_of_Annual_Secretarial_Report.pdf) |
| 30 Jul - Structural Digital Database Certificate for the quarter ended 30 June 2026 | [Structural Digital Database 30 Jul - Structural Digital Database Certificate for the quarter ended 30 June 2026](https://nsearchives.nseindia.com/corporate/NEELAM2024_30072026234755_SDD_Complainces_Certificate_June_2026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31548_NEELAM_2025_2026_A_1809141_05092026164534.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28629_NEELAM_2024_2025_A_4056362_05092025182851.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26352_NEELAM_2023_2024_26112024125357.pdf) |

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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 2026-09-13T19:49:44.954Z.