Textile - Spinning · Founded 1989 · www.nagreeka.com · BSE 521109 · NSE NAGREEKA EXP · ISIN INE123B01028
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Business
Nagreeka Exports Ltd. is an Indian textile company primarily engaged in the spinning sector. Its core business model involves manufacturing and exporting various types of yarns, predominantly cotton yarns, as well as blended yarns. The company sources raw materials, processes them through its spinning units, and sells the finished yarn products to domestic and international clients, which include weavers, knitters, and other fabric manufacturers. It makes money through the sales of these manufactured yarn products.
Revenue Mix
Nagreeka Exports Ltd. operates primarily within the Textile - Spinning industry. While specific revenue mix breakdowns are not publicly available from the provided information, its business is centered around the production and sale of textile yarns. Any other activities are likely ancillary to its core spinning operations (e.g., related trading activities).
Industry
The Indian textile spinning industry is a significant global player, characterized by its labor-intensive nature, reliance on agricultural commodities (like cotton), and susceptibility to global demand and price fluctuations. It is a competitive market with numerous organized and unorganized players. Nagreeka Exports operates within this competitive landscape, aiming to serve both domestic and international markets. Its positioning against peers would depend on factors like scale of operations, product quality, cost efficiency, and established export networks, details of which are not specified in the given information.
MOAT
For a company in the commodity-driven textile spinning sector, strong, durable competitive advantages (moats) are challenging to establish. Potential competitive advantages for Nagreeka Exports could stem from:
Cost Efficiency: Efficient manufacturing processes, favorable raw material sourcing, and operational scale leading to lower costs.
Established Export Relationships: Long-standing relationships and networks with international buyers.
Product Specialization: Ability to produce niche or high-quality specialty yarns, though not explicitly stated.
Without specific details, a significant, easily identifiable moat akin to a brand or network effect is not apparent.
Growth Drivers
Global Textile Demand: Growing global population and increasing disposable incomes, particularly in emerging markets, drive demand for apparel and textiles.
Indian Textile Industry Growth: Government initiatives and favorable policies (e.g., PLI schemes, export incentives) aimed at boosting the textile sector's competitiveness.
Export Market Expansion: Penetration into new international markets and strengthening existing export relationships.
Product Diversification: Introduction of new yarn types, blends, or specialty yarns catering to evolving fashion and technical textile demands.
Shift from Unorganized to Organized Sector: Consolidation in the industry benefiting organized players.
Risks
Commodity Price Volatility: Fluctuations in raw cotton prices (major input cost) directly impact profitability.
Currency Exchange Rate Fluctuations: As an exporter, adverse movements in the INR against major currencies can affect revenue and margins.
Global Economic Slowdown: A downturn in global economies can reduce demand for textiles and apparel, impacting order books.
Intense Competition: From both domestic and international players (e.g., China, Bangladesh, Vietnam) leading to price pressure and margin erosion.
Trade Barriers and Protectionism: Imposition of tariffs or non-tariff barriers in key export markets.
Energy and Labor Costs: Significant operational costs that can fluctuate and impact profitability.
Regulatory and Environmental Changes: Stricter environmental norms or labor laws can increase compliance costs.
Management & Ownership
Nagreeka Exports Ltd. is likely a promoter-driven company, common in the Indian business landscape, where the founding family or individuals hold a significant stake and actively manage the business. Specific details regarding the current management team's track record or the precise ownership structure (e.g., promoter vs. public vs. institutional holdings) are not provided in the prompt.
Outlook
Nagreeka Exports operates in a fundamental yet cyclical sector deeply tied to global consumer spending and commodity prices. The company's performance will largely depend on its ability to manage input cost volatility, maintain operational efficiency, and expand its market reach in a competitive global textile landscape. Potential tailwinds include India's growing importance in the global textile supply chain and government support for the sector. However, the business remains susceptible to global economic downturns, trade policy changes, and intense price competition, making sustained, robust growth challenging without significant differentiation or scale advantages.
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 | 137 | 152 | 139 | 171 | 137 | 105 | 116 | 90 | 123 | 128 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Total Income | 138 | 152 | 139 | 172 | 137 | 105 | 116 | 90 | 124 | 128 |
| Total Expenditure | 130 | 145 | 134 | 166 | 131 | 98 | 109 | 84 | 117 | 122 |
| Operating Profit | 8 | 7 | 5 | 6 | 6 | 6 | 7 | 6 | 6 | 6 |
| Interest | 3 | 4 | 2 | 3 | 3 | 4 | 4 | 4 | 3 | 3 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Provision for Tax | 0 | 1 | -2 | -0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Profit After Tax | 2 | 0 | 3 | 1 | 1 | 1 | -0 | 1 | 1 | 1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 |
| Profit After Adjustments | 2 | 0 | 3 | 1 | 1 | 1 | -0 | 1 | 1 | 1 |
| Adjusted Earnings Per Share | 0.9 | 0 | 0.8 | 0.4 | 0.4 | 0.3 | -0.1 | 0.3 | 0.3 | 0.2 |
| #(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 | 473 | 492 | 614 | 547 | 606 | 472 | 385 | 552 | 389 | 559 | 529 | 457 |
| Other Income | 6 | 6 | 0 | 2 | 1 | 5 | 0 | 1 | 2 | 1 | 1 | 2 |
| Total Income | 478 | 499 | 614 | 550 | 608 | 477 | 385 | 553 | 391 | 560 | 530 | 458 |
| Total Expenditure | 447 | 471 | 591 | 525 | 587 | 455 | 378 | 524 | 372 | 534 | 504 | 432 |
| Operating Profit | 32 | 27 | 23 | 24 | 21 | 22 | 8 | 29 | 18 | 26 | 25 | 25 |
| Interest | 21 | 18 | 13 | 14 | 12 | 14 | 14 | 14 | 11 | 13 | 14 | 14 |
| Depreciation | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 8 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 5 | 4 | 3 | 3 | 2 | 1 | -14 | 8 | 0 | 5 | 4 | 4 |
| Provision for Tax | -1 | 1 | 2 | 1 | -1 | 0 | -5 | 2 | -3 | -1 | 1 | 1 |
| Profit After Tax | 5 | 3 | 1 | 2 | 3 | 1 | -8 | 6 | 3 | 6 | 3 | 3 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 5 | 3 | 1 | 2 | 3 | 1 | -8 | 6 | 3 | 6 | 3 | 3 |
| Adjusted Earnings Per Share | 2.2 | 1.1 | 0.4 | 1 | 2 | 0.3 | -3.6 | 2.7 | 1.3 | 1.9 | 1 | 0.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -5% | -1% | 2% | 1% |
| Operating Profit CAGR | -4% | -5% | 3% | -2% |
| PAT CAGR | -50% | -21% | 25% | -5% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -11% | 11% | 17% | 6% |
| ROE Average | 2% | 3% | 1% | 2% |
| ROCE Average | 6% | 5% | 5% | 6% |
| #(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 | 99 | 101 | 103 | 114 | 112 | 106 | 101 | 109 | 111 | 147 | 153 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 65 | 39 | 26 | 26 | 19 | 14 | 42 | 48 | 58 | 29 | 18 |
| Other Non-Current Liabilities | 18 | 19 | 21 | 22 | 21 | 17 | 12 | 13 | 11 | 9 | 9 |
| Total Current Liabilities | 160 | 203 | 225 | 189 | 206 | 222 | 198 | 175 | 149 | 162 | 179 |
| Total Liabilities | 342 | 362 | 376 | 351 | 358 | 360 | 352 | 346 | 329 | 347 | 360 |
| Fixed Assets | 129 | 130 | 134 | 134 | 130 | 126 | 118 | 114 | 107 | 99 | 93 |
| Other Non-Current Assets | 21 | 26 | 26 | 26 | 19 | 10 | 9 | 13 | 11 | 11 | 13 |
| Total Current Assets | 192 | 206 | 216 | 190 | 209 | 224 | 224 | 219 | 211 | 237 | 254 |
| Total Assets | 342 | 362 | 376 | 351 | 358 | 360 | 352 | 346 | 329 | 347 | 360 |
| #(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 | 2 | 1 | 2 | 1 | 0 | 4 | 1 | 3 | 1 | 1 | 2 |
| Cash Flow from Operating Activities | 58 | 15 | 26 | 21 | 13 | 10 | -12 | 32 | 20 | -2 | 16 |
| Cash Flow from Investing Activities | 2 | -12 | -9 | -5 | 1 | -4 | 5 | -4 | 1 | 1 | 1 |
| Cash Flow from Financing Activities | -60 | -2 | -18 | -18 | -10 | -9 | 9 | -31 | -21 | 2 | -15 |
| Net Cash Inflow / Outflow | -0 | 1 | -0 | -1 | 4 | -3 | 2 | -3 | 0 | 1 | 2 |
| Closing Cash & Cash Equivalent | 1 | 2 | 1 | 0 | 4 | 1 | 3 | 1 | 1 | 2 | 4 |
| # | 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) | 2.21 | 1.11 | 0.44 | 0.96 | 2.03 | 0.3 | -3.64 | 2.71 | 1.33 | 1.92 | 1.01 |
| CEPS(Rs) | 4.87 | 3.87 | 3.37 | 4.01 | 4.44 | 3.44 | -0.49 | 5.9 | 4.53 | 4.26 | 3.29 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 43.24 | 44.35 | 44.99 | 49.69 | 49.11 | 46.6 | 44.11 | 47.75 | 48.6 | 47 | 49.04 |
| Core EBITDA Margin(%) | 5.47 | 4.25 | 3.66 | 4.02 | 3.27 | 3.74 | 1.88 | 5.09 | 4.15 | 4.47 | 4.61 |
| EBIT Margin(%) | 5.43 | 4.27 | 2.64 | 3.18 | 2.33 | 3.19 | 0.09 | 3.92 | 2.86 | 3.33 | 3.43 |
| Pre Tax Margin(%) | 0.96 | 0.71 | 0.54 | 0.6 | 0.31 | 0.23 | -3.54 | 1.46 | 0.1 | 0.97 | 0.76 |
| PAT Margin (%) | 1.07 | 0.52 | 0.16 | 0.44 | 0.52 | 0.14 | -2.15 | 1.12 | 0.78 | 1.07 | 0.6 |
| Cash Profit Margin (%) | 2.35 | 1.8 | 1.25 | 1.67 | 1.67 | 1.65 | -0.29 | 2.44 | 2.66 | 2.38 | 1.94 |
| ROA(%) | 1.4 | 0.72 | 0.27 | 0.66 | 0.88 | 0.19 | -2.34 | 1.77 | 0.9 | 1.78 | 0.89 |
| ROE(%) | 5.24 | 2.54 | 0.98 | 2.21 | 2.77 | 0.63 | -8.03 | 5.9 | 2.76 | 4.66 | 2.11 |
| ROCE(%) | 8.53 | 7.24 | 5.56 | 6.07 | 4.97 | 5.33 | 0.12 | 7.14 | 3.76 | 6.17 | 5.76 |
| Receivable days | 19.79 | 19.47 | 22.96 | 24.63 | 15.81 | 18.5 | 20.88 | 13.23 | 18.51 | 12.07 | 10.73 |
| Inventory Days | 63.85 | 59.04 | 52.73 | 58.8 | 50.04 | 64.14 | 84.65 | 68.42 | 111.71 | 84.04 | 93.65 |
| Payable days | 23.48 | 27.82 | 22.69 | 16.27 | 10.79 | 22.16 | 22.62 | 9.79 | 10.16 | 3.83 | 7.88 |
| PER(x) | 5.42 | 12.11 | 49.42 | 15.61 | 5.93 | 15.52 | 0 | 7.63 | 12.98 | 17.63 | 23.78 |
| Price/Book(x) | 0.28 | 0.3 | 0.48 | 0.3 | 0.25 | 0.1 | 0.19 | 0.43 | 0.35 | 0.72 | 0.49 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.45 | 0.45 | 0.38 | 0.37 | 0.32 | 0.39 | 0.57 | 0.43 | 0.56 | 0.48 | 0.44 |
| EV/Core EBITDA(x) | 6.75 | 8.09 | 10.23 | 8.47 | 9.18 | 8.3 | 29.23 | 8.1 | 11.83 | 10.36 | 9.3 |
| Net Sales Growth(%) | -25.03 | 4.17 | 24.72 | -10.82 | 10.79 | -22.12 | -18.48 | 43.32 | -29.59 | 43.89 | -5.4 |
| EBIT Growth(%) | -14.34 | -17.95 | -22.8 | 7.41 | -18.82 | 6.91 | -97.72 | 6187.83 | -48.78 | 67.72 | -2.59 |
| PAT Growth(%) | 3.83 | -49.72 | -60.8 | 140.58 | 30.78 | -78.14 | -1315.86 | 174.4 | -51.01 | 98 | -47.33 |
| EPS Growth(%) | 3.83 | -49.72 | -60.8 | 121.28 | 110.47 | -85.23 | -1315.69 | 174.4 | -51.01 | 44.78 | -47.33 |
| Debt/Equity(x) | 1.9 | 1.9 | 1.82 | 1.51 | 1.54 | 1.66 | 2.06 | 1.75 | 1.63 | 1.13 | 1.08 |
| Current Ratio(x) | 1.2 | 1.01 | 0.96 | 1.01 | 1.02 | 1.01 | 1.13 | 1.25 | 1.41 | 1.47 | 1.42 |
| Quick Ratio(x) | 0.79 | 0.61 | 0.59 | 0.59 | 0.68 | 0.65 | 0.67 | 0.6 | 0.59 | 0.63 | 0.65 |
| Interest Cover(x) | 1.21 | 1.2 | 1.26 | 1.23 | 1.15 | 1.08 | 0.02 | 1.59 | 1.04 | 1.41 | 1.28 |
| Total Debt/Mcap(x) | 6.87 | 6.27 | 3.8 | 4.98 | 6.28 | 16.67 | 11.04 | 4.03 | 4.58 | 1.56 | 2.19 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 52.87 | 57.32 | 57.32 | 57.32 | 57.32 | 57.32 | 57.32 | 57.32 | 57.32 | 57.32 |
| FII | 0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 47.09 | 42.68 | 42.68 | 42.68 | 42.68 | 42.68 | 42.68 | 42.68 | 42.68 | 42.68 |
| 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 | 0.66 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.59 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.25 | 3.12 | 3.12 | 3.12 | 3.12 | 3.12 | 3.12 | 3.12 | 3.12 | 3.12 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -5% | -1% | +2% | +1% |
| Operating Profit CAGR | -4% | -5% | +3% | -2% |
| PAT CAGR | -50% | -21% | +25% | -5% |
| Share Price CAGR | -11% | +11% | +17% | +6% |
| ROE Average | +2% | +3% | +1% | +2% |
| ROCE Average | +6% | +5% | +5% | +6% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 52.87 | 57.32 | 57.32 | 57.32 | 57.32 | 57.32 | 57.32 | 57.32 | 57.32 | 57.32 |
| FII | 0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 47.13 | 42.68 | 42.68 | 42.68 | 42.68 | 42.68 | 42.68 | 42.68 | 42.68 | 42.68 |
| 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 | 0.66 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.59 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.25 | 3.12 | 3.12 | 3.12 | 3.12 | 3.12 | 3.12 | 3.12 | 3.12 | 3.12 |
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