MarketFriction

Nandani Creation Ltd

NSE JAIPURKURT · Garments & Apparels
₹26.49 -0.75%
NSE close2026-10-01
52 week range23.91 - 42.74
Market cap₹48.2 Cr.
P/E27.1
IPO 2016 · -5% since Price band 20% Delivery 82.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7.1110.0819.3417.9418.3713.4419.7827.1627.8426.5529.6133.93
Expenses8.488.2515.7815.3415.7211.8418.3625.2626.2025.0027.1931.72
Operating Profit-1.371.833.562.602.651.601.421.901.641.552.422.21
OPM %-19.27%18.15%18.41%14.49%14.43%11.90%7.18%7.00%5.89%5.84%8.17%6.51%
Other Income0.070.070.110.280.310.020.530.140.010.010.040.05
Interest0.420.590.600.660.560.660.950.690.880.821.020.95
Depreciation0.270.300.510.430.400.420.390.370.390.410.430.42
Profit before tax-1.991.012.561.792.000.540.610.980.380.331.010.89
Tax %-26.63%31.68%21.88%25.14%32.00%24.07%24.59%29.59%31.58%39.39%34.65%28.09%
Net Profit-1.450.702.011.341.360.410.470.700.270.200.670.64
EPS in Rs-0.880.421.210.770.790.240.270.370.140.100.350.34
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales14192136444655454470111118
Expenses13181933414253424061104110
Operating Profit112334234888
OPM %6%6%10%8%6%9%3.8%7%9%12%7%7%
Other Income00-0000000100
Interest001111122334
Depreciation000001111222
Profit before tax111112001533
Tax %31%35%29%28%31%26%50%29%11%28%32%
Net Profit011112000422
EPS in Rs15.000.490.810.940.621.030.070.070.302.070.960.93
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth23%20%35%50%
Compounded Profit Growth15%4%136%-39%
Stock Price CAGR%-12%-29%-30%
Return on Equity5%4%4%3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.090.093338101011111719
Reserves0144625517173446
Borrowings12068881513232532
Other Liabilities12334743381123
Total Liabilities2591620252633436087120
Fixed Assets000111345966
CWIP000000000000
Investments000111111110
Other Assets2591519232328385180113
Total Assets2591620252633436087120
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0-1-2-2011-4-4-7-18-14
Cash from Investing Activity-0-0-1-1-0-0-1-2-2-5-0-1
Cash from Financing Activity01330-0-16991915
Net Cash Flow00-000-0003-300
Free Cash Flow-0-1-3-3011-6-6-12-19-14
CFO/OP18%-72%-191%-86%33%41%49%-163%-127%-178%-216%-177%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days10590801186345404856174187125
Inventory Days99116364303363408271208439347376275
Days Payable173156237112106172634034957879
Cash Conversion Cycle3150207309321281248216460425485320
Working Capital Days533711113295100110102184268265206
ROCE %15%42%23%18%17%15%18%6%6%6%11%7%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.46%51.46%51.46%51.24%45.69%45.69%45.69%45.69%41.31%41.31%41.31%41.65%
FIIs0.92%1.03%1.90%1.90%2.71%2.71%2.71%2.71%2.21%2.21%2.21%2.21%
Public47.62%47.51%46.63%46.87%51.60%51.60%51.60%51.60%56.48%56.48%56.48%56.14%
No. of Shareholders2,2012,4923,8523,6685,3606,2275,7535,6645,5115,5375,5535,536

Fundamentals

Market Cap₹ 48.2 Cr.
Current Price₹ 25.3
Stock P/E27.1
Book Value₹ 34.0
ROCE7.09 %
ROE3.17 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)50%
Compounded Profit Growth (TTM)-39%
Standalone figures.
Valuation
Market capRs 51 Cr
Enterprise valueRs 82 Cr
P/E (TTM)28.40x
Price to book0.78x
Price to sales0.43x
EV / EBITDA10.35x
EV / EBIT13.07x
EV / sales0.70x
Earnings yield3.52%
P/E, 3-year average65.55x
P/B, 3-year average1.75x
P/E, 5-year average336.00x
P/B, 5-year average2.40x
Profitability
Operating margin (excl. other income)6.77%
Operating margin (incl. other income)6.94%
EBITDA margin6.72%
Pre-tax margin2.21%
Net profit margin1.51%
Net margin, latest quarter1.89%
ROE3.17%
ROCE7.09%
ROA1.78%
ROE, 3-year average4.61%
ROCE, 3-year average8.44%
ROA, 3-year average2.52%
ROE, 5-year average3.00%
ROCE, 5-year average7.51%
ROA, 5-year average1.64%
ROIC (approx.)4.41%
Tax rate32.35%
Other income / net worth0.29%
Growth
Sales growth (latest year)59.91%
Profit growth (latest year)-48.46%
Sales CAGR, 3 years35.47%
Sales CAGR, 5 years19.50%
Profit CAGR, 3 years155.75%
Profit CAGR, 5 years4.17%
Sales growth QoQ14.59%
Profit growth QoQ-4.48%
Sales growth YoY (latest quarter)24.93%
Profit growth YoY (latest quarter)-8.57%
Per share
EPS (TTM)Rs 0.93
EPS (latest quarter)Rs 0.34
EPS, 3-year averageRs 1.25
EPS, 5-year averageRs 0.67
Book value per shareRs 33.98
Sales per shareRs 61.80
Cash flow per shareRs -7.23
Free cash flow per shareRs -7.34
Efficiency
Asset turnover0.93x
Fixed asset turnover17.18x
Inventory turnover1.33x
Inventory days275 days
Debtor days125 days
Debtors turnover2.92x
Creditor days79 days
Cash conversion cycle320 days
Working capital days206 days
Leverage
Total debtRs 32 Cr
Cash and bankRs 1 Cr
Net debtRs 32 Cr
Debt to equity0.49x
Net debt / EBITDA3.97x
Interest coverage1.71x
Owners' fund to total sources54.11%
Debt to assets26.72%
Cash flow
Cash from Operating Activity (latest year)Rs -14 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs 15 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -14 Cr
FCFE (approx.: FCF + change in debt)Rs -7 Cr
Cash from ops / profit, 5 years-7.83x
Statement figures
Net sales (TTM)Rs 118 Cr
Net sales (latest year)Rs 111 Cr
Sales (latest quarter)Rs 34 Cr
Operating profit excl. other income (latest year)Rs 8 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 8 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 86 Cr
Total expenditure (latest year)Rs 104 Cr
Total income (latest year)Rs 111 Cr
Share capitalRs 19 Cr
ReservesRs 46 Cr
Shareholders' fundsRs 65 Cr
Total assetsRs 120 Cr
Net blockRs 6 Cr
InvestmentsRs 0 Cr
ReceivablesRs 38 Cr
InventoryRs 65 Cr
Other liabilitiesRs 23 Cr
Shares outstanding (crore)1.91
Ownership
Promoter holding41.65% (-4.04 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 25.7 is at the 30th percentile of its own 7.2-year range (median 48.5, low 10.7, high 306.5).
P/B 0.71 is at the 1th percentile (median 4.28).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodJAIPURKURTNifty 50Difference
1 week+4.9%-2.8% +7.6 pts
1 month+0.9%-6.8% +7.7 pts
3 months-5.2%-7.6% +2.4 pts
6 months+1.8%+0.4% +1.4 pts
1 year-29.5%-9.9% -19.6 pts
2 years-36.1%-13.6% -22.5 pts
3 years-67.3%+14.2% -81.5 pts
5 years-54.1%+27.9% -81.9 pts

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was -655% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 13% of total assets in 2026
lookShare dilution Share count up 10% in a year, 16% in three
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹34 Cr +24.9% vs Jun 2025. Net profit ₹1 Cr -8.6%.
Against our estimate for Jun 2026: sales -21.9%, profit -8.9% in line. Our estimate for Sep 2026: sales Rs 38 Cr, profit Rs 1 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2024-07-04Rights 100:224 @ Premium Rs 20/-
2023-09-22Annual General Meeting
2022-11-24Extra Ordinary General Meeting
2022-09-23Annual General Meeting
DateTypeWhat it says
2026-10-02Press ReleaseA press release dated October 02, 2026, titled "Nandani Creation Limited, under its brand Jaipur Kurti , provided an update on the key developments o...
2026-10-01Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-29Board meeting outcomeOutcome of Board Meeting held on September 29, 2026.
2026-09-28Board meeting outcomeOutcome of Board Meeting held on September 28, 2026.
2026-09-22Board meeting outcomeOutcome of Board Meeting held on September 22, 2026.
2026-09-10Press ReleaseA press release dated September 10, 2026, titled "Nandani Creation Limited with its Brand Jaipur Kurti Announces Project 50 -Targets 50 Retail Stores...
2026-09-07Shareholder meetingShareholders meeting
2026-09-04Board meeting outcomeOutcome of Board Meeting held on September 04, 2026.
2026-08-14Press ReleaseA press release dated August 14, 2026, titled "Newspaper Advertisement of Extract of Un-Audited Standalone and Consolidated Financial Results ".
2026-08-13Shareholder meetingVoting results.
2026-08-13Shareholder meetingShareholders meeting
2026-08-10Board meeting outcomeNandani Creation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-10Shareholder meetingNotice of Postal Ballot
2026-07-09Board meeting outcomeOutcome of Board Meeting held on July 09, 2026.
2026-06-16Disclosure under SEBI TakeovNandani Creation Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subs...
2026-05-28Board meeting outcomeNandani Creation Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-06Press ReleaseA press release dated May 06, 2026, titled company with its Brand Jaipur Kurti accelerates Expansion with Signing of Two Prime Franchisee Stores in...
2026-04-23Press ReleaseA press release dated April 23, 2026, titled "Home Grown Women s Ethnic Wear Brand- Jaipur Kurti partners with Reliance Fashion Factory" & Expands ...
2026-02-10Press ReleaseA press release dated February 10, 2026, titled " "Press Release with respect to unaudited Standalone & Consolidated financial results for the quarter...
2026-02-09Board meeting outcomeBoard meeting held on February 09, 2026.
2026-02-09Board meeting outcomeBoard meeting held on February 09, 2026.
2026-01-07Price movementSignificant movement in price has been observed in Nandani Creation Limited. The Exchange, in order to ensure that investors have latest relevant info...
2026-01-07Price movementSignificant movement in price has been observed in Nandani Creation Limited. The Exchange, in order to ensure that investors have latest relevant info...
2026-01-07Press ReleaseA press release dated January 07, 2026, titled "Business update".
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Nandani Creation Ltd?

Nandani Creation Ltd (JAIPURKURT) has a market capitalisation of Rs 48.2 Cr. at the 2026-10-01 close.

What is the P/E ratio of Nandani Creation Ltd?

Nandani Creation Ltd trades at a P/E of 27.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Nandani Creation Ltd's latest quarterly results?

In the Jun 2026 quarter, Nandani Creation Ltd sales was Rs 34 Cr (+24.9% vs Jun 2025) and net profit was Rs 1 Cr.

What is the 52-week high and low of Nandani Creation Ltd?

The 52-week high is Rs 42.74 and the 52-week low is Rs 23.91.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03