Textile · Founded 2011 · www.garmentmantra.com · BSE 539216 · · ISIN INE653S01028
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1. Business Overview
Garment Mantra Lifestyle Ltd. (GARMNTMNTR) operates in the Indian textile and apparel sector. While specific details on its operations are not readily available, based on its name and industry, the company likely engages in the design, manufacturing, sourcing, and/or distribution of garments and lifestyle apparel products. Its core business model would involve either business-to-business (B2B) supply to retailers and brands, or direct-to-consumer (B2C) sales through its own retail channels (physical stores, e-commerce), or a combination of both. The company makes money by selling its textile and apparel products to its customer base.
2. Key Segments / Revenue Mix
Without specific financial disclosures, the exact revenue mix is not known. However, typical segments for a textile and lifestyle company could include:
Garment Manufacturing: Production of ready-to-wear apparel.
Fabric Processing/Trading: Dealing with finished fabrics or raw materials.
Branded Apparel/Retail: Selling products under its own brand(s) through various distribution channels.
E-commerce/Online Sales: A growing segment for lifestyle brands.
The relative contribution of these segments would depend on the company's specific operational focus.
3. Industry & Positioning
The Indian textile industry is vast, highly fragmented, and encompasses a wide range of players from large integrated mills to small-scale manufacturers and a significant unorganized sector. It is characterized by intense competition, both from domestic and international players. The industry is sensitive to raw material prices, fashion trends, and consumer disposable income. Garment Mantra Lifestyle Ltd. likely positions itself as a mid-sized player, potentially focusing on specific product categories (e.g., specific apparel types, price points) or catering to certain regional markets within this competitive landscape. Its "Lifestyle" branding suggests a focus on modern fashion and consumer preferences.
4. Competitive Advantage (Moat)
Given the highly competitive nature of the textile industry, establishing a strong, durable competitive advantage is challenging. Without specific details, GARMNTMNTR's potential moats could include:
Efficient Manufacturing/Sourcing: Cost-effective operations or strong supply chain relationships.
Design and Trend Adaptability: Ability to quickly respond to changing fashion trends and consumer tastes.
Distribution Network: A strong network of retailers or direct-to-consumer channels.
Niche Market Focus: Specialization in a particular product segment or customer demographic where it holds expertise.
Developing Brand Equity: If the company successfully builds recognizable and trusted brands, this could act as a nascent moat.
5. Growth Drivers
Key factors that can drive growth for Garment Mantra Lifestyle Ltd. over the next 3-5 years include:
Growing Domestic Consumption: Rising disposable incomes, urbanization, and a young demographic in India fueling demand for apparel and lifestyle products.
E-commerce Penetration: Expanding online sales channels and digital marketing to reach a wider customer base.
Product Portfolio Expansion: Introducing new collections, categories, or venturing into adjacent lifestyle products.
Distribution Network Expansion: Increasing presence in new geographic markets or through new retail partnerships.
Government Initiatives: Policies supporting textile manufacturing and exports (e.g., PLI schemes for textiles).
6. Risks
Raw Material Price Volatility: Fluctuations in the cost of cotton, yarn, and other inputs can impact profitability.
Intense Competition: Pressure on pricing and market share from numerous domestic and international brands.
Changing Fashion Trends: Failure to adapt quickly to evolving consumer preferences can lead to inventory obsolescence.
Labor Costs & Availability: Rising wages and skilled labor shortages can affect manufacturing efficiency.
Supply Chain Disruptions: Global or local events impacting sourcing, manufacturing, or logistics.
Economic Downturn: Reduced consumer spending on discretionary items like apparel during economic slowdowns.
Regulatory Changes: Changes in textile policies, trade agreements, or environmental regulations.
7. Management & Ownership
As is common with many Indian companies, Garment Mantra Lifestyle Ltd. is likely promoted and significantly owned by its founding family or a core group of individuals. Without specific information, management quality can be inferred as being driven by industry experience within the promoter group, potentially supplemented by professional management. The ownership structure typically involves a substantial holding by the promoters, with the remaining shares held by public shareholders and potentially institutional investors.
8. Outlook
The company operates in a dynamic Indian textile market that presents both significant opportunities and challenges. On the bull side, a growing young population, rising disposable incomes, and increasing internet penetration bode well for apparel and lifestyle brands. If Garment Mantra Lifestyle Ltd. can effectively manage its supply chain, quickly adapt to fashion trends, and expand its distribution channels, it stands to benefit from this growth. However, the bear case highlights the fierce competition, susceptibility to raw material price volatility, and the need for continuous innovation in design and marketing. The ability to build a strong brand identity and maintain operational efficiency will be crucial for sustained profitability and market share gains in this competitive environment.
Price goes above X
Price falls below X
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| #(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 | 33 | 33 | 70 | 41 | 35 | 22 | 35 | 37 | 65 | 99 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 2 |
| Total Income | 33 | 33 | 70 | 41 | 35 | 22 | 35 | 38 | 68 | 101 |
| Total Expenditure | 31 | 31 | 68 | 38 | 33 | 21 | 32 | 36 | 63 | 94 |
| Operating Profit | 2 | 3 | 2 | 2 | 2 | 1 | 3 | 2 | 5 | 6 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
| Profit Before Tax | 1 | 2 | 1 | 1 | 1 | 0 | 2 | 3 | 4 | 6 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit After Tax | 0 | 1 | 0 | 1 | 1 | 0 | 1 | 2 | 3 | 4 |
| Adjustments | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 |
| Profit After Adjustments | 0 | 1 | 0 | 1 | 1 | 0 | 1 | 2 | 3 | 4 |
| Adjusted Earnings Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 |
| #(Fig in Cr.) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Net Sales | 150 | 168 | 204 | 172 | 164 | 132 | 236 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 6 |
| Total Income | 150 | 168 | 204 | 172 | 164 | 133 | 242 |
| Total Expenditure | 141 | 153 | 195 | 166 | 156 | 125 | 225 |
| Operating Profit | 10 | 15 | 9 | 6 | 8 | 8 | 16 |
| Interest | 3 | 4 | 4 | 4 | 4 | 3 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Profit Before Tax | 6 | 11 | 5 | 2 | 3 | 4 | 15 |
| Provision for Tax | 2 | 3 | 1 | 1 | 1 | 1 | 3 |
| Profit After Tax | 4 | 8 | 4 | 1 | 2 | 3 | 10 |
| Adjustments | -2 | -0 | -1 | -0 | 0 | 0 | 0 |
| Profit After Adjustments | 2 | 8 | 3 | 1 | 3 | 3 | 10 |
| Adjusted Earnings Per Share | 0.3 | 0.3 | 0.1 | 0 | 0.1 | 0.1 | 0.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -20% | -14% | -3% | 0% |
| Operating Profit CAGR | 0% | -4% | -4% | 0% |
| PAT CAGR | 50% | -9% | -6% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -23% | -8% | -17% | 12% |
| ROE Average | 7% | 6% | 13% | 18% |
| ROCE Average | 7% | 7% | 11% | 12% |
| #(Fig in Cr.) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Shareholder's Funds | 18 | 31 | 34 | 35 | 37 | 40 |
| Minority's Interest | 8 | 1 | 2 | 0 | -0 | 0 |
| Borrowings | 8 | 10 | 8 | 5 | 8 | 10 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | -0 | -0 |
| Total Current Liabilities | 59 | 54 | 57 | 60 | 104 | 39 |
| Total Liabilities | 92 | 95 | 101 | 99 | 149 | 90 |
| Fixed Assets | 6 | 6 | 7 | 7 | 6 | 6 |
| Other Non-Current Assets | 2 | 2 | 2 | 1 | 1 | 1 |
| Total Current Assets | 84 | 87 | 92 | 91 | 141 | 82 |
| Total Assets | 92 | 95 | 101 | 99 | 149 | 90 |
| #(Fig in Cr.) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 1 | 1 | 3 | 0 | 36 |
| Cash Flow from Operating Activities | -4 | 5 | 8 | 6 | 3 | 15 |
| Cash Flow from Investing Activities | -3 | -10 | -1 | -1 | -1 | -0 |
| Cash Flow from Financing Activities | 7 | 5 | -5 | -7 | 33 | -50 |
| Net Cash Inflow / Outflow | 1 | 1 | 1 | -2 | 35 | -36 |
| Closing Cash & Cash Equivalent | 1 | 1 | 3 | 0 | 36 | 0 |
| # | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.33 | 0.28 | 0.11 | 0.03 | 0.09 | 0.11 |
| CEPS(Rs) | 0.65 | 0.31 | 0.17 | 0.07 | 0.12 | 0.15 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 1.26 | 1.13 | 1.26 | 1.27 | 1.36 | 1.48 |
| Core EBITDA Margin(%) | 6.28 | 8.98 | 4.35 | 3.49 | 4.94 | 5.87 |
| EBIT Margin(%) | 5.92 | 8.67 | 3.99 | 3.13 | 4.57 | 5.24 |
| Pre Tax Margin(%) | 3.8 | 6.54 | 2.23 | 0.95 | 2.04 | 2.94 |
| PAT Margin (%) | 2.69 | 4.68 | 1.76 | 0.54 | 1.5 | 2.15 |
| Cash Profit Margin (%) | 3.15 | 5.1 | 2.23 | 1.05 | 1.98 | 3.11 |
| ROA(%) | 4.37 | 8.37 | 3.65 | 0.92 | 1.99 | 2.4 |
| ROE(%) | 43.58 | 39.03 | 10.99 | 2.68 | 6.89 | 7.38 |
| ROCE(%) | 16.88 | 23.81 | 11.03 | 7.04 | 7.88 | 7.44 |
| Receivable days | 58.07 | 61.77 | 57.94 | 79.69 | 93.21 | 75.66 |
| Inventory Days | 136.13 | 114.64 | 91.85 | 104.26 | 115.45 | 168.65 |
| Payable days | 87.1 | 69.37 | 41.03 | 43.08 | 55.79 | 64.96 |
| PER(x) | 4 | 11.71 | 32.67 | 45.98 | 24.67 | 11 |
| Price/Book(x) | 1.05 | 2.85 | 2.86 | 1.22 | 1.66 | 0.78 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.32 | 0.75 | 0.68 | 0.48 | 0.63 | 0.48 |
| EV/Core EBITDA(x) | 5.09 | 8.23 | 15.29 | 13.16 | 12.56 | 7.68 |
| Net Sales Growth(%) | 0 | 11.81 | 21.58 | -15.66 | -4.56 | -19.33 |
| EBIT Growth(%) | 0 | 63.98 | -44.08 | -33.6 | 39.15 | -7.19 |
| PAT Growth(%) | 0 | 94.72 | -54.34 | -74.26 | 168.07 | 15.88 |
| EPS Growth(%) | 0 | -16.6 | -60.17 | -69.47 | 173.83 | 14.13 |
| Debt/Equity(x) | 3.77 | 1.25 | 1.27 | 1.18 | 2.1 | 0.79 |
| Current Ratio(x) | 1.44 | 1.63 | 1.63 | 1.53 | 1.35 | 2.09 |
| Quick Ratio(x) | 0.49 | 0.7 | 0.69 | 0.77 | 0.79 | 0.46 |
| Interest Cover(x) | 2.8 | 4.08 | 2.28 | 1.43 | 1.81 | 2.28 |
| Total Debt/Mcap(x) | 2.4 | 0.44 | 0.44 | 0.97 | 1.26 | 1.01 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 50.1 | 30.18 | 30.18 | 30.18 | 30.18 | 30.18 | 30.18 | 31.13 | 30.18 | 30.18 |
| FII | 0 | 0 | 0 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 49.9 | 69.82 | 69.82 | 69.52 | 69.52 | 69.52 | 69.62 | 68.67 | 69.62 | 69.62 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 5.03 | 3.03 | 3.03 | 6.06 | 6.06 | 6.06 | 17.88 | 17.88 | 17.88 | 17.88 |
| FII | 0 | 0 | 0 | 0.06 | 0.06 | 0.06 | 0.12 | 0.12 | 0.12 | 0.12 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 5.01 | 7.01 | 7.01 | 13.96 | 13.96 | 13.96 | 41.23 | 39.43 | 41.23 | 41.23 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10.04 | 10.04 | 10.04 | 20.08 | 20.08 | 20.08 | 59.23 | 57.42 | 59.23 | 59.23 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -20% | -14% | -3% | — |
| Operating Profit CAGR | 0% | -4% | -4% | — |
| PAT CAGR | +50% | -9% | -6% | — |
| Share Price CAGR | -23% | -8% | -17% | +12% |
| ROE Average | +7% | +6% | +13% | +18% |
| ROCE Average | +7% | +7% | +11% | +12% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 50.1 | 30.18 | 30.18 | 30.18 | 30.18 | 30.18 | 30.18 | 31.13 | 30.18 | 30.18 |
| FII | 0 | 0 | 0 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 49.9 | 69.82 | 69.82 | 69.82 | 69.82 | 69.82 | 69.82 | 68.87 | 69.82 | 69.82 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 5.03 | 3.03 | 3.03 | 6.06 | 6.06 | 6.06 | 17.88 | 17.88 | 17.88 | 17.88 |
| FII | 0 | 0 | 0 | 0.06 | 0.06 | 0.06 | 0.12 | 0.12 | 0.12 | 0.12 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 5.01 | 7.01 | 7.01 | 14.02 | 14.02 | 14.02 | 41.35 | 39.54 | 41.35 | 41.35 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10.04 | 10.04 | 10.04 | 20.08 | 20.08 | 20.08 | 59.23 | 57.42 | 59.23 | 59.23 |
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