NEELAM
Neelam Linens and Garments (India) financials
- Market cap
- ₹13 Cr
- Sector
- Textiles
What Neelam Linens and Garments (India) Ltd does
Neelam Linens and Garments (India) Ltd manufactures high thread-count bedding and home linens, which it supplies as a private-label manufacturer to global companies such as Ikea (Europe), Line Source, Macy's and Walmart (USA), and Bombay Dyeing (India). Production is carried out at its factory in Bhiwandi, Thane (Maharashtra), while the registered office is in Lower Parel, Mumbai.
Segments
- High thread-count bedding & home linens
- Manufacturing facility
- Factory across 2 floors (Gala Nos. 101-108 and 201-208), Prithvi Complex, Kalher Village, Bhiwandi, Thane
- Key private-label manufacturing clients
- Ikea (Europe), Line Source, Macy's & Walmart (USA), Bombay Dyeing (India)
- Manufacturing equipment expansion
- Added embroidery machines to expand production capability (FY25)
Quarterly results
Q4 FY26: revenue down 5.9%, net profit down 100.0% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 35 | 68 | 37 | 73 | 54 +54% | 64 −6% |
| EBITDA | 3 | 5 | 5 | 6 | 4 +33% | 1 −80% |
| Net profit | 1 | 2 | 1 | 2 | 1 +0% | 0 −100% |
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 −71.2% 1Y
1Y: ₹21.5 on 8 Sept 2025 → ₹6.2. High ₹22 (18 Sept 2025), low ₹6.2 (10 Sept 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹7 Cr | ₹15 Cr | ₹20 Cr | ₹20 Cr |
| Reserves | ₹12 Cr | ₹14 Cr | ₹14 Cr | ₹9 Cr | ₹20 Cr | ₹20 Cr |
| Borrowings | ₹53 Cr | ₹51 Cr | ₹65 Cr | ₹70 Cr | ₹24 Cr | ₹24 Cr |
| Other liabilities | ₹0 Cr | ₹13 Cr | ₹13 Cr | ₹28 Cr | ₹56 Cr | ₹54 Cr |
| Total liabilities | ₹65 Cr | ₹79 Cr | ₹100 Cr | ₹121 Cr | ₹121 Cr | ₹118 Cr |
| Fixed assets | ₹4 Cr | ₹3 Cr | ₹6 Cr | ₹4 Cr | ₹4 Cr | ₹7 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹61 Cr | ₹75 Cr | ₹94 Cr | ₹117 Cr | ₹116 Cr | ₹112 Cr |
| Total assets | ₹65 Cr | ₹79 Cr | ₹100 Cr | ₹121 Cr | ₹121 Cr | ₹118 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 Mar 2026
Since Mar 2025, the public added +7.68 pp while FIIs trimmed −6.53 pp. The shareholder count grew 22% to 354.
- Promoters
- 54.3%
- Public
- 45.7%
Since Mar 2025
- Public +7.68 pp
- FIIs −6.53 pp
- DIIs −1.16 pp
How it drifted, 4 quarters
Over this window FIIs fell from 7.3% to 0.0% — −7.3 pp.
Ownership split by quarter, oldest first. Dec '24: Promoters 54.3%, FIIs 7.3%, Public 38.4%.Mar '25: Promoters 54.3%, FIIs 6.5%, DIIs 1.2%, Public 38.0%.Sep '25: Promoters 54.3%, FIIs 1.4%, DIIs 0.2%, Public 44.1%.Mar '26: Promoters 54.3%, Public 45.7%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Kantilal Jivram Jethva newly disclosed 6.13% held
- Manjula Kantilal Jethava newly disclosed 3.83% held
- Shailesh Babalal Shah newly disclosed 1.51% held
- Kaushal Mohanlal Gohil newly disclosed 1.48% held
- Kaushik Madhavi newly disclosed 1.25% held
- Jayant Wealth Management Private Limited newly disclosed 1.16% held
- Everstock Markplex Private Limited newly disclosed 1.13% held
- Skyline Investments Private +0.68 pp 2.46% held
The same filing shows 0 holders trimming and 8 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Neelam Linens and Garments (India) Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Bhavin Kantilal Jethwa | 40.50% | unchanged |
| Kantilal Jivram Jethva | 6.13% | newly disclosed |
| Manoj Agarwal | 4.57% | unchanged |
| Janki Bhavin Jethwa | 3.83% | unchanged |
| Manjula Kantilal Jethava | 3.83% | newly disclosed |
| Ankit Jayesh Rawal | 3.21% | unchanged |
| Skyline Investments Private | 2.46% | +0.68 pp |
| Shailesh Babalal Shah | 1.51% | newly disclosed |
| Kaushal Mohanlal Gohil | 1.48% | newly disclosed |
| Kaushik Madhavi | 1.25% | newly disclosed |
| Jayant Wealth Management Private Limited | 1.16% | newly disclosed |
| Everstock Markplex Private Limited | 1.13% | newly disclosed |
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 Neelam Linens and Garments (India) Ltd
Guides on how to read this kind of business and the numbers that matter.