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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹67 Cr.
Stock P/E
4.9
P/B
-0.1
Current Price
₹14
Book Value
₹ -114.7
Face Value
10
52W High
₹32.3
52W Low
₹ 10.1
Dividend Yield
0%

E-Land Apparel Overview

1. Business Overview

E-Land Apparel Ltd. is an Indian textile company primarily engaged in the manufacturing, branding, and retail of ready-made apparel. The company produces garments for menswear, women-wear, and kidswear segments. Its core business model encompasses both the sale of its own brands (such as ELAND, ELAND Casuals, E-Land Kids) directly to consumers and providing private label manufacturing services to other brands. As a vertically integrated manufacturer, the company likely manages processes from fabric sourcing to finished garment production, aiming for efficiency and quality control. It makes money through direct sales of its branded products and through contracts for private label manufacturing.

2. Key Segments / Revenue Mix

While specific revenue breakdowns by segment are not publicly detailed for this company, its business activities can be broadly categorized into:

Own Brand Sales: Revenue generated from the sale of apparel under its proprietary brands (e.g., ELAND, ELAND Casuals, E-Land Kids) through various retail channels.

Private Label Manufacturing: Revenue derived from manufacturing garments for other brands on a contract basis.

The company's focus spans across menswear, women-wear, and kidswear within these two primary operating segments.

3. Industry & Positioning

E-Land Apparel Ltd. operates within the highly fragmented Indian textile and apparel industry. This industry is characterized by a mix of large organized players, numerous small and medium enterprises (SMEs), and a significant unorganized sector. The company positions itself as an integrated player specializing in ready-made apparel, serving both the domestic market with its own brands and B2B clients through private label manufacturing. It competes with a wide array of local manufacturers, national apparel brands, and potentially import-based players in various price points and fashion segments.

4. Competitive Advantage (Moat)

E-Land Apparel's competitive advantages are primarily derived from:

Vertical Integration: This allows for better control over the supply chain, quality, production costs, and lead times, offering an advantage over less integrated peers.

Manufacturing Expertise: Experience and capabilities in readymade apparel production, including handling diverse designs and order types for private labels, suggest operational efficiency and reliability.

Established Brand Portfolio: Having its own brands like ELAND provides a direct channel to consumers and fosters a degree of brand recognition and loyalty within its target market segments.

5. Growth Drivers

Growing Domestic Apparel Demand: Rising disposable incomes, increasing urbanization, and evolving fashion consciousness in India are driving higher demand for branded and ready-made apparel.

Retail Expansion: Expansion of the company's retail footprint (both physical and online) for its own brands can capture a larger market share.

Increased Private Label Opportunities: Growth in demand from other brands seeking reliable manufacturing partners in India could boost contract manufacturing revenue.

Government Initiatives: Supportive government policies for the textile and apparel sector (e.g., Production Linked Incentive schemes) could provide an impetus for growth.

Evolving Fashion Trends: Ability to adapt quickly to changing fashion trends and consumer preferences to offer relevant and appealing collections.

6. Risks

Raw Material Price Volatility: Fluctuations in the prices of key raw materials like cotton, yarn, and synthetic fibers can significantly impact manufacturing costs and profit margins.

Intense Competition: The Indian apparel market is highly competitive, facing pressure from both large domestic players and smaller, agile businesses.

Fashion & Trend Obsolescence: Rapid changes in fashion trends and consumer preferences necessitate quick design, production, and inventory management, posing a risk of inventory write-offs if trends are misjudged.

Economic Slowdown: Reduced consumer discretionary spending during economic downturns can directly impact apparel sales.

Labor Risks: Being a labor-intensive industry, risks related to labor availability, wage inflation, and industrial relations exist.

Regulatory Changes: Changes in trade policies, import/export duties, or environmental regulations could impact operations and cost structure.

7. Management & Ownership

E-Land Apparel Ltd. is promoted by Mr. Bharat Somaiya and his family, who hold a significant controlling stake in the company. As of recent public disclosures, the promoter group holds a substantial majority of the shares, indicating strong alignment between the management and long-term shareholder interests. The family's continued involvement suggests a hands-on approach to business operations and strategic direction.

8. Outlook

E-Land Apparel Ltd. operates in a promising, albeit highly competitive, Indian apparel market. Its vertically integrated manufacturing capabilities provide a solid foundation for cost efficiency and quality control, while its dual strategy of managing own brands and offering private label services allows for diversification of revenue streams. The company is well-positioned to capitalize on India's growing domestic consumption trends and potential government support for the textile sector. However, sustained success will depend on its ability to effectively navigate intense competition, manage volatile raw material costs, and rapidly adapt to ever-changing fashion trends and consumer demands. Prudent inventory management and continuous innovation in design and manufacturing processes will be crucial for maintaining profitability and market share in the dynamic apparel industry.

E-Land Apparel Share Price

Live · BSE / NSE · Inception: 1997
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

E-Land Apparel Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 37 38 77 85 44 67 104 73 34 66
Other Income 2 2 2 3 2 2 3 2 2 3
Total Income 39 40 79 88 46 70 106 75 36 69
Total Expenditure 36 38 71 76 44 63 99 76 47 76
Operating Profit 3 2 7 12 2 7 7 -1 -11 -7
Interest 13 14 14 6 1 2 2 2 5 3
Depreciation 1 2 1 1 1 2 1 2 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -11 -14 -8 4 -0 3 4 -5 -19 -12
Provision for Tax 0 0 0 0 0 0 -3 0 0 0
Profit After Tax -11 -14 -8 4 -0 3 7 -5 -19 -12
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -11 -14 -8 4 -0 3 7 -5 -19 -12
Adjusted Earnings Per Share -2.2 -3 -1.7 0.8 -0.1 0.7 1.5 -1.1 -4 -2.6

E-Land Apparel Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 175 235 215 184 172 149 121 178 230 215 300 277
Other Income 7 4 1 5 4 3 3 5 2 7 10 10
Total Income 182 239 216 188 176 152 125 183 232 222 310 286
Total Expenditure 202 251 259 206 176 152 127 173 217 204 283 298
Operating Profit -21 -12 -42 -18 -0 0 -2 10 16 19 28 -12
Interest 4 4 34 22 39 48 47 47 51 54 12 12
Depreciation 3 3 4 2 2 4 4 4 5 5 6 9
Exceptional Income / Expenses 14 0 0 -36 0 0 0 11 0 0 0 0
Profit Before Tax -13 -19 -80 -78 -42 -52 -53 -29 -40 -40 10 -32
Provision for Tax 26 0 0 0 0 0 0 0 0 0 -3 -3
Profit After Tax -39 -19 -80 -78 -42 -52 -53 -29 -40 -40 14 -29
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -39 -19 -80 -78 -42 -52 -53 -29 -40 -40 14 -29
Adjusted Earnings Per Share -8.1 -3.9 -16.7 -16.3 -8.7 -10.9 -11 -6 -8.3 -8.3 2.8 -6.2

E-Land Apparel Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -164 -186 -98 -235 -306 -359 -411 -419 -458 -499 -485
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 295 294 93 10 35 43 51 41 46 49 42
Other Non-Current Liabilities 3 3 62 293 351 401 438 479 529 583 573
Total Current Liabilities 89 81 98 43 36 34 44 59 38 44 97
Total Liabilities 223 191 155 112 115 119 122 161 155 177 227
Fixed Assets 47 59 46 44 42 51 48 89 85 26 44
Other Non-Current Assets 10 7 8 7 8 22 25 4 4 74 74
Total Current Assets 166 126 101 61 65 46 48 68 66 77 109
Total Assets 223 191 155 112 115 119 122 161 155 177 227

E-Land Apparel Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 6 15 3 5 4 7 2 7 8 12 14
Cash Flow from Operating Activities -22 -3 62 222 18 14 5 15 5 18 14
Cash Flow from Investing Activities 43 9 9 17 10 -18 -4 -3 -1 -6 -6
Cash Flow from Financing Activities -11 -19 -69 -241 -25 -1 3 -11 0 -9 -19
Net Cash Inflow / Outflow 9 -12 2 -1 3 -4 4 1 4 2 -11
Closing Cash & Cash Equivalent 15 3 5 4 7 2 7 8 12 14 3

E-Land Apparel Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -8.13 -3.89 -16.71 -16.34 -8.65 -10.92 -11.04 -5.96 -8.31 -8.3 2.85
CEPS(Rs) -7.58 -3.35 -15.95 -15.91 -8.25 -10.01 -10.17 -5.16 -7.35 -7.28 4.01
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -42.28 -46.7 -20.43 -48.91 -65.4 -76.26 -87.26 -93.22 -95.53 -109.89 -107.02
Core EBITDA Margin(%) -15.59 -6.97 -19.88 -12.17 -2.42 -1.97 -4.36 2.76 5.88 5.52 5.91
EBIT Margin(%) -5.21 -6.32 -21.15 -30.49 -1.2 -2.81 -5.11 10.1 4.82 6.54 7.37
Pre Tax Margin(%) -7.57 -7.95 -36.77 -42.69 -24.14 -35.1 -43.72 -16.11 -17.31 -18.49 3.42
PAT Margin (%) -22.3 -7.95 -36.77 -42.69 -24.14 -35.1 -43.72 -16.11 -17.31 -18.49 4.55
Cash Profit Margin (%) -20.78 -6.85 -35.09 -41.55 -23.01 -32.16 -40.27 -13.95 -15.32 -16.22 6.41
ROA(%) -16.37 -9.01 -46.29 -58.78 -36.6 -44.74 -44.03 -20.25 -25.25 -23.96 6.75
ROE(%) 0 0 0 0 0 0 0 0 0 0 0
ROCE(%) -6.03 -12.84 -69.2 0 0 0 0 0 0 0 0
Receivable days 90.79 69.1 68.65 60.15 45.01 44.16 52.72 39.1 33.96 41.06 45.53
Inventory Days 71.54 68.6 62.73 51.99 40.7 39.37 48.38 40.42 31.95 30.86 31.71
Payable days 86.34 87.98 117.83 150.54 151.05 148.44 169.1 140.43 111.97 96.55 64.98
PER(x) 0 0 0 0 0 0 0 0 0 0 4.92
Price/Book(x) -0.36 -0.8 -1.08 -0.24 -0.09 -0.05 -0.05 -0.08 -0.05 -0.06 -0.13
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 2.16 2.13 1.03 0.33 0.27 0.4 0.54 0.4 0.25 0.3 0.41
EV/Core EBITDA(x) -18.19 -40.72 -5.24 -3.43 -377.91 318.75 -32.29 6.85 3.61 3.39 4.47
Net Sales Growth(%) -45.61 34 -8.19 -14.78 -6.26 -13.18 -18.83 46.49 29.66 -6.45 39.46
EBIT Growth(%) -489.58 -62.77 -210.95 -21.4 96.31 -103.23 -47.34 389.74 -38.16 27.02 57
PAT Growth(%) -192.65 52.15 -329.59 2.23 47.06 -26.28 -1.09 46.03 -39.37 0.09 134.31
EPS Growth(%) -192.66 52.15 -329.59 2.23 47.06 -26.28 -1.09 46.03 -39.37 0.09 134.31
Debt/Equity(x) -1.63 -1.46 -1.31 -0.04 -0.11 -0.12 -0.12 -0.1 -0.1 -0.09 -0.12
Current Ratio(x) 1.86 1.55 1.03 1.4 1.84 1.34 1.1 1.15 1.75 1.77 1.12
Quick Ratio(x) 1.43 1.04 0.73 0.89 1.38 0.88 0.73 0.76 1.29 1.33 0.78
Interest Cover(x) -2.2 -3.87 -1.35 -2.5 -0.05 -0.09 -0.13 0.39 0.22 0.26 1.87
Total Debt/Mcap(x) 4.51 1.82 1.21 0.18 1.19 2.25 2.56 1.26 2.11 1.5 0.89

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +40% +19% +15% +6%
Operating Profit CAGR +47% +41%
PAT CAGR
Share Price CAGR -23% +33% +28% -9%
ROE Average 0% 0% 0% 0%
ROCE Average 0% 0% 0% -8%

E-Land Apparel Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 65.84 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 34.16 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 65.8465.8465.8465.8465.8465.8465.8465.8465.8465.84
FII 0000000000
DII 1.241.241.241.241.240.530000
Public 34.1634.1634.1634.1634.1634.1634.1634.1634.1634.16
Others 0000000000
Total 100100100100100100100100100100

E-Land Apparel Peer Comparison

E-Land Apparel Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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E-Land Apparel Pros & Cons

Pros

  • Stock is trading at -0.1 times its book value
  • Debtor days have improved from 96.55 to 64.98days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
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