538119
R&B Denims financials
- Market cap
- ₹263 Cr
- Sector
- Textiles
What R&B Denims does
R&B Denims manufactures denim fabric at its vertically integrated facility in Palsana, Surat, Gujarat, supplying both domestic and international apparel brands. The company says it was the first to begin denim production in Surat. It has recently forayed into garmenting, integrating fabric manufacturing with garment production to move closer to the end consumer.
Segments
- Denim fabric manufacturing
- Garmenting
- Denim production
- 30 million+ metres/year
- Business segments
- 2 (denim fabric, garmenting)
- Subsidiaries
- 3 (Ricon Textile Limited, RB Industries, Ricon Industries Limited)
Quarterly results
Q1 FY27: revenue up 16.3%, net profit down 46.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 93 | 95 | 100 | 103 | 113 +21% | 113 +19% | 138 +38% | 119 +16% |
| EBITDA | 11 | 11 | 12 | 11 | 12 +9% | 11 −2% | 6 −50% | 9 −23% |
| Net profit | 5 | 10 | 8 | 8 | 7 +54% | 8 −18% | 1 −85% | 4 −47% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −91.4% 1Y
1Y: ₹109.27 on 10 Sept 2025 → ₹9.38. High ₹199.45 (24 Feb 2026), low ₹7.74 (21 Aug 2026).
Financials, as filed
Revenue grew 21.0% a year over 3 years, FY23 to FY26. Operating margin narrowed to 8.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹263 Cr | ₹349 Cr | ₹367 Cr | ₹466 Cr |
| Operating profit | ₹34 Cr | ₹49 Cr | ₹45 Cr | ₹40 Cr |
| Operating margin | 13.0% | 14.0% | 12.2% | 8.7% |
| Interest | ₹5 Cr | ₹5 Cr | ₹7 Cr | ₹7 Cr |
| Depreciation | ₹12 Cr | ₹17 Cr | ₹16 Cr | ₹18 Cr |
| Net profit | ₹15 Cr | ₹22 Cr | ₹27 Cr | ₹25 Cr |
| Net margin | 5.9% | 6.3% | 7.5% | 5.3% |
| Cash from operations | ₹59 Cr | ₹24 Cr | ₹23 Cr | ₹9 Cr |
| Free cash flow | ₹41 Cr | ₹19 Cr | ₹17 Cr | ₹-17 Cr |
| ROCE | 17.0% | 19.0% | 16.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹18 Cr | ₹18 Cr | ₹18 Cr |
| Reserves | ₹29 Cr | ₹50 Cr | ₹65 Cr | ₹144 Cr | ₹177 Cr | ₹182 Cr |
| Borrowings | ₹68 Cr | ₹86 Cr | ₹52 Cr | ₹68 Cr | ₹87 Cr | ₹74 Cr |
| Other liabilities | ₹26 Cr | ₹33 Cr | ₹23 Cr | ₹52 Cr | ₹46 Cr | ₹82 Cr |
| Total liabilities | ₹137 Cr | ₹184 Cr | ₹154 Cr | ₹282 Cr | ₹328 Cr | ₹356 Cr |
| Fixed assets | ₹36 Cr | ₹61 Cr | ₹69 Cr | ₹98 Cr | ₹90 Cr | ₹95 Cr |
| Capital work in progress | ₹14 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹4 Cr | ₹4 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹19 Cr | ₹38 Cr |
| Other assets | ₹85 Cr | ₹121 Cr | ₹84 Cr | ₹181 Cr | ₹214 Cr | ₹219 Cr |
| Total assets | ₹137 Cr | ₹184 Cr | ₹154 Cr | ₹282 Cr | ₹328 Cr | ₹356 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −3.89 pp while FIIs added +3.73 pp. The shareholder count grew 662% to 37,761.
- Promoters
- 57.4%
- FIIs
- 3.9%
- DIIs
- 0.1%
- Public
- 38.6%
Since Jun 2025
- Public −3.89 pp
- FIIs +3.73 pp
- DIIs +0.15 pp
How it drifted, 12 quarters
Over this window promoters fell from 73.8% to 57.4% — −16.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 73.8%, Public 26.2%.Dec '23: Promoters 73.8%, Public 26.2%.Mar '24: Promoters 73.8%, Public 26.2%.Jun '24: Promoters 57.4%, Public 42.6%.Sep '24: Promoters 57.4%, Public 42.6%.Dec '24: Promoters 57.4%, Public 42.6%.Mar '25: Promoters 57.4%, FIIs 0.1%, Public 42.5%.Jun '25: Promoters 57.4%, FIIs 0.1%, Public 42.5%.Sep '25: Promoters 57.4%, FIIs 0.6%, Public 42.1%.Dec '25: Promoters 57.4%, FIIs 0.6%, Public 42.0%.Mar '26: Promoters 57.4%, FIIs 2.1%, DIIs 0.2%, Public 40.4%.Jun '26: Promoters 57.4%, FIIs 3.9%, DIIs 0.1%, Public 38.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- M7 Global Fund Pcc - Nolana FPI fund newly disclosed 1.80% held
- Kashyapkumar Rajendrakumar Mehta . newly disclosed 1.04% held
- Affluence Fincon Service Private Limited newly disclosed 1.01% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of R&B Denims above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Rajkumar Mangilal Borana | 11.41% | unchanged |
| Deepak Dalmia | 10.11% | unchanged |
| Amit Dalmia | 10.03% | unchanged |
| Ankur Mangilal Borana | 9.13% | unchanged |
| Rawatkhedia Silk Mill Llp | 8.34% | unchanged |
| Mayfair Vinimay Private Limited | 2.92% | unchanged |
| Goenka Business And Finance Limited | 2.48% | unchanged |
| Lalita Nareshkumar Borana | 2.44% | unchanged |
| Eminence Global Fund Pcc- Eubilia Capital Partners Fund I FPI fund | 1.92% | unchanged |
| M7 Global Fund Pcc - Nolana FPI fund | 1.80% | newly disclosed |
| Mangilal Ambalal Borana | 1.67% | unchanged |
| Chandrakant Panchal . | 1.46% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse R&B Denims
Guides on how to read this kind of business and the numbers that matter.