ELAND
E-Land Apparel financials
- Market cap
- ₹60 Cr
- Sector
- Textiles
What E-Land Apparel Limited does
E-Land Apparel Limited manufactures and sells garments, with its ultimate holding company being South Korea's E-Land Group. It earns primarily by selling finished garments on a continuous basis, in the ordinary course of business, to two related-party group entities — E Land World Co Ltd and E-Land Global Ltd. The company is led by Managing Director Dong Ju Kim, who has spent 27 years within the Eland group and has 25 years of experience across the garment, textile, spinning, weaving and dyeing industry.
- Related-party export customers
- 2 (E Land World Co Ltd, E-Land Global Ltd — E-Land Group, South Korea)
Quarterly results
Q1 FY27: revenue up 4.0%, net profit down 76.1% 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 | 44 | 67 | 104 | 73 | 34 −24% | 66 −2% | 89 −14% | 76 +4% |
| EBITDA | 0 | 4 | 4 | -3 | -13 −6223% | -10 −323% | -1 −122% | -5 −73% |
| Net profit | -0 | 3 | 7 | -5 | -19 −5791% | -12 −499% | -10 −247% | -9 −76% |
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 −27.7% YTD
YTD: ₹6.5 on 8 Jul 2019 → ₹4.7. High ₹6.75 (11 Jul 2019), low ₹4.4 (21 Aug 2019).
Financials, as filed
Revenue grew 10.1% a year over 2 years, FY24 to FY26. Operating margin narrowed to -10.3%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹215 Cr | ₹300 Cr | ₹261 Cr |
| Operating profit | ₹12 Cr | ₹18 Cr | ₹-27 Cr |
| Operating margin | 5.5% | 5.9% | -10.3% |
| Interest | ₹54 Cr | ₹12 Cr | ₹15 Cr |
| Depreciation | ₹5 Cr | ₹6 Cr | ₹11 Cr |
| Net profit | ₹-40 Cr | ₹14 Cr | ₹-47 Cr |
| Net margin | -18.5% | 4.6% | -18.1% |
| Cash from operations | ₹18 Cr | ₹14 Cr | ₹3 Cr |
| Free cash flow | ₹13 Cr | ₹4 Cr | ₹-34 Cr |
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 | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr |
| Reserves | ₹-459 Cr | ₹-467 Cr | ₹-506 Cr | ₹-547 Cr | ₹-557 Cr | ₹-580 Cr |
| Borrowings | ₹60 Cr | ₹50 Cr | ₹50 Cr | ₹63 Cr | ₹173 Cr | ₹188 Cr |
| Other liabilities | ₹473 Cr | ₹530 Cr | ₹564 Cr | ₹613 Cr | ₹625 Cr | ₹647 Cr |
| Total liabilities | ₹122 Cr | ₹161 Cr | ₹155 Cr | ₹177 Cr | ₹288 Cr | ₹303 Cr |
| Fixed assets | ₹48 Cr | ₹89 Cr | ₹85 Cr | ₹98 Cr | ₹168 Cr | ₹165 Cr |
| Capital work in progress | ₹20 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹17 Cr | ₹31 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹53 Cr | ₹72 Cr | ₹70 Cr | ₹80 Cr | ₹103 Cr | ₹107 Cr |
| Total assets | ₹122 Cr | ₹161 Cr | ₹155 Cr | ₹177 Cr | ₹288 Cr | ₹303 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
The ownership split has held steady since Jun 2025. The shareholder count shrank 3% to 11,016.
- Promoters
- 65.8%
- Public
- 34.2%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Over this window DIIs fell from 1.2% to 0.0% — −1.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 65.8%, DIIs 1.2%, Public 32.9%.Dec '23: Promoters 65.8%, DIIs 1.2%, Public 32.9%.Mar '24: Promoters 65.8%, DIIs 1.2%, Public 32.9%.Jun '24: Promoters 65.8%, DIIs 1.2%, Public 32.9%.Sep '24: Promoters 65.8%, DIIs 1.2%, Public 32.9%.Dec '24: Promoters 65.8%, DIIs 1.2%, Public 32.9%.Mar '25: Promoters 65.8%, DIIs 0.5%, Public 33.6%.Jun '25: Promoters 65.8%, Public 34.1%.Sep '25: Promoters 65.8%, Public 34.2%.Dec '25: Promoters 65.8%, Public 34.2%.Mar '26: Promoters 65.8%, Public 34.1%.Jun '26: Promoters 65.8%, Public 34.2%.
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.
- Thanh Cong Textile Garment Investmen newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of E-Land Apparel Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| E-Land Asia Holdings Pte Ltd | 65.84% | unchanged |
| Vikram Sharad Sheth | 2.44% | unchanged |
| Kanjalochana Finserve Private Limited | 2.38% | unchanged |
| Anil Vishanji Dedhia | 1.46% | unchanged |
| Jewoo Manufacturing | 0.00% | unchanged |
| Savimex | 0.00% | unchanged |
| New Kmc Apparel | 0.00% | unchanged |
| Elphis Lanka | 0.00% | unchanged |
| Wish Hongkong | 0.00% | unchanged |
| Eland Fashion China | 0.00% | unchanged |
| Thanh Cong Textile Garment Investmen | 0.00% | newly disclosed |
| Korel | 0.00% | 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 E-Land Apparel Limited
Guides on how to read this kind of business and the numbers that matter.