Neelam Linens and Garments (India) Limited

Neelam Linens and Garments (India) Limited (NEELAM) is a micro-cap Textiles company valued at ₹14 crore operating in Other Textile Products on the NSE and BSE.

Recent price move

Neelam Linens and Garments (India) Limited last traded at ₹6.75, unchanged on the day.

Recent developments

2026-09-07: The company's DocStoX score dropped slightly to 1.8, reinforcing the avoid verdict. 2026-07-16: The score was 1.9, but the verdict remained avoid. 2026-03-31: The latest quarter ended with zero net profit, marking a sharp decline from the previous year's quarter.

Financial performance

The company's revenue grew 7.3% annually, but net profit fell 33.3% year-on-year. The latest quarter saw revenue drop 12.3% compared to the same quarter a year earlier, and net profit collapsed 100.0% to zero. Margins have deteriorated, with the net profit margin falling 1.0 percentage points to 1.7%, and returns remain low, with return on equity at 3.9%.

Valuation multiples

The stock trades at 8.8 times earnings, 0.31 times book value.

Things to watch

The company has a low interest coverage ratio, indicating potential financial stress. Contingent liabilities of ₹14.4 crore could pose a risk to solvency. The stock is significantly below its 52-week high, with a distance of 69.8%, suggesting weak price momentum.

Where it stands

The DocStoX verdict of avoid follows from the company's weak balance-sheet safety score and collapsing net profit. The most critical factor is the zero net profit in the latest quarter, which highlights deteriorating earnings performance and financial strain.

Summarised by DocStoX's model on 2026-09-08 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.