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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹286 Cr.
Stock P/E
47.4
P/B
0.9
Current Price
₹152.9
Book Value
₹ 175.7
Face Value
10
52W High
₹209.4
52W Low
₹ 96
Dividend Yield
0%

DCM Nouvelle Overview

1. Business Overview

DCM Nouvelle Ltd. is primarily engaged in the manufacturing and sale of cotton yarns. The company produces a wide range of spun yarns, including various counts and blends, catering to both knitting and weaving segments. Its core business model involves procuring raw cotton, processing it into yarn at its manufacturing facilities, and then selling these yarns to domestic and international fabric manufacturers, knitters, and weavers. The company generates revenue through the sale of these cotton yarns.

2. Key Segments / Revenue Mix

The company operates predominantly in a single business segment: textile manufacturing, specifically cotton yarn spinning. While exact revenue breakdowns for different yarn types (e.g., combed, carded, specific counts) are not typically published as separate segments, the primary contribution comes from the production and sale of various types of cotton yarn to industrial customers.

3. Industry & Positioning

The Indian textile industry is vast, highly fragmented, and globally competitive. It encompasses spinning, weaving, processing, and garment manufacturing. DCM Nouvelle operates in the spinning segment, which is characterized by high capital intensity and susceptibility to raw material price fluctuations. Within this segment, DCM Nouvelle positions itself as a quality manufacturer and exporter of cotton yarns, serving both the domestic market and international customers. It competes with numerous other domestic and international yarn manufacturers.

4. Competitive Advantage (Moat)

DCM Nouvelle's competitive advantages are primarily derived from its established operational scale in cotton yarn manufacturing, which can lead to cost efficiencies and economies of scale. Its long-standing presence in the industry helps build enduring relationships with both raw material suppliers and customers. Focus on quality and a diverse product range of yarns can also contribute to customer stickiness in a B2B context. However, the spinning industry generally faces intense competition, making a strong, durable moat challenging to establish beyond operational excellence and established market channels.

5. Growth Drivers

Increasing Domestic Textile Demand: Growth in India's population and disposable incomes are expected to drive consumption of textiles and apparel.

Export Opportunities: India's competitive positioning in textiles, supported by government initiatives, can lead to increased demand for Indian yarns in international markets.

Capacity Expansion/Modernization: Strategic investments in expanding manufacturing capacity or upgrading technology can enhance output and efficiency.

Government Initiatives: Schemes like the Production Linked Incentive (PLI) scheme for textiles can incentivize investment and growth in the sector.

6. Risks

Raw Material Price Volatility: Cotton prices are highly susceptible to weather conditions, global supply-demand dynamics, and government policies, directly impacting profitability.

Global Economic Slowdown: A downturn in major global economies can reduce demand for textiles and yarn, affecting export volumes and pricing.

Currency Fluctuations: As an exporter, the company is exposed to foreign exchange rate volatility, which can impact realization from sales.

Intense Competition: The spinning industry is competitive, leading to pricing pressures and potential erosion of margins.

Regulatory & Environmental Risks: Changes in textile import/export policies, labor laws, or environmental regulations could impact operations and costs.

7. Management & Ownership

DCM Nouvelle Ltd. is part of the DCM Group, a business house with a long history in India. The company is promoter-driven, implying active involvement of the founding family or their representatives in strategic decision-making and day-to-day operations. Promoter shareholding typically represents a significant portion of the company's equity, indicating alignment of interests between management and key shareholders. The management team would comprise professionals overseeing various functional areas within the company.

8. Outlook

DCM Nouvelle operates in a cyclical yet growing industry driven by domestic consumption and export potential. The company's focus on quality cotton yarn manufacturing and established market presence provides a foundation for stability. However, its performance remains significantly influenced by external factors such as raw material prices, global economic conditions, and intense competition in the textile value chain. While potential government support for the textile sector and growing demand could be tailwinds, the inherent volatility of commodity prices and currency movements presents ongoing challenges.

DCM Nouvelle Share Price

Live · BSE / NSE · Inception: 2016
| |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

DCM Nouvelle Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 267 264 269 260 266 281 253 239 273 263
Other Income 1 1 2 1 1 2 1 1 1 0
Total Income 268 266 271 261 267 284 253 240 273 263
Total Expenditure 259 245 252 247 256 263 237 230 260 245
Operating Profit 9 20 19 14 11 21 17 10 13 18
Interest 6 7 8 7 5 6 5 4 4 5
Depreciation 6 6 7 7 7 7 7 7 7 7
Exceptional Income / Expenses 0 0 -6 11 0 0 0 0 -2 -0
Profit Before Tax -3 7 -3 11 -2 8 4 -2 -1 6
Provision for Tax -0 2 1 4 1 2 2 0 1 2
Profit After Tax -3 5 -3 7 -3 5 2 -2 -2 4
Adjustments 0 0 1 1 1 0 1 0 0 0
Profit After Adjustments -3 5 -3 8 -2 6 2 -2 -1 4
Adjusted Earnings Per Share -1.3 2.6 -1.4 4.1 -0.9 3 1.2 -1 -0.6 2.4

DCM Nouvelle Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 909 864 1081 1076 1028
Other Income 8 6 7 6 3
Total Income 918 870 1088 1082 1029
Total Expenditure 735 833 1042 1017 972
Operating Profit 183 37 45 64 58
Interest 6 6 25 26 18
Depreciation 12 10 23 29 28
Exceptional Income / Expenses 0 -3 0 5 -2
Profit Before Tax 164 18 -3 14 7
Provision for Tax 42 7 1 8 5
Profit After Tax 123 12 -4 6 2
Adjustments 0 1 1 3 1
Profit After Adjustments 123 12 -3 9 3
Adjusted Earnings Per Share 65.6 6.6 -1.7 4.8 2

DCM Nouvelle Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 306 319 316 325
Minority's Interest 0 7 9 7
Borrowings 29 98 83 73
Other Non-Current Liabilities 45 11 11 16
Total Current Liabilities 163 213 345 327
Total Liabilities 543 647 763 747
Fixed Assets 124 276 324 302
Other Non-Current Assets 86 37 24 15
Total Current Assets 333 315 415 430
Total Assets 543 647 763 747

DCM Nouvelle Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 4 5 1
Cash Flow from Operating Activities 87 48 -46 66
Cash Flow from Investing Activities -67 -149 -40 -7
Cash Flow from Financing Activities -16 102 82 -59
Net Cash Inflow / Outflow 4 1 -4 0
Closing Cash & Cash Equivalent 4 5 1 1

DCM Nouvelle Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 65.64 6.58 -1.75 4.77
CEPS(Rs) 72.26 11.61 10.18 18.75
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 164.08 170.73 168.94 173.77
Core EBITDA Margin(%) 19.17 3.65 3.57 5.45
EBIT Margin(%) 18.73 2.83 2.05 3.73
Pre Tax Margin(%) 18.05 2.11 -0.28 1.28
PAT Margin (%) 13.48 1.35 -0.38 0.56
Cash Profit Margin (%) 14.84 2.51 1.76 3.26
ROA(%) 22.57 1.96 -0.58 0.8
ROE(%) 40 3.73 -1.29 1.88
ROCE(%) 36.83 4.68 3.49 5.94
Receivable days 33.06 29.84 29.31 37.33
Inventory Days 88.48 94.69 83.13 91.83
Payable days 7.35 8.33 10.32 12.53
PER(x) 3.57 20.52 0 31.11
Price/Book(x) 1.43 0.79 1.13 0.85
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.65 0.59 0.67 0.57
EV/Core EBITDA(x) 3.22 13.67 16.07 9.52
Net Sales Growth(%) 0 -4.94 25.05 -0.47
EBIT Growth(%) 0 -85.64 -9.47 81.13
PAT Growth(%) 0 -90.49 -135.13 246.96
EPS Growth(%) 0 -89.98 -126.56 372.99
Debt/Equity(x) 0.51 0.83 1.18 1.04
Current Ratio(x) 2.04 1.48 1.2 1.31
Quick Ratio(x) 0.69 0.41 0.44 0.47
Interest Cover(x) 27.59 3.93 0.88 1.52
Total Debt/Mcap(x) 0.36 1.05 1.04 1.22

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% +6%
Operating Profit CAGR +42% -30%
PAT CAGR -63%
Share Price CAGR -11% +2% +5%
ROE Average +2% +1% +11% +11%
ROCE Average +6% +5% +13% +13%

DCM Nouvelle Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 50.11 %
FII 0.55 %
DII (MF + Insurance) 1.57 %
Public (retail) 49.89 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 50.1150.1150.1150.1150.1150.1150.1150.1150.1150.11
FII 0.50.520.460.340.450.820.830.560.610.55
DII 1.971.972.081.881.881.651.651.651.651.57
Public 49.8949.8949.8949.8949.8949.8949.8949.8949.8949.89
Others 0000000000
Total 100100100100100100100100100100

DCM Nouvelle Peer Comparison

DCM Nouvelle Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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DCM Nouvelle Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 1% over the last 3 years.
  • Debtor days have increased from 10.32 to 12.53days.
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