💰 Financial Performance

Revenue Growth by Segment

Not disclosed in available documents. The company operates in the textile segment manufacturing sarees and bed sheets.

Geographic Revenue Split

Not disclosed in available documents, though manufacturing facilities are located in West Bengal and Jetpur, Gujarat, with a strong brand recall specifically in Kolkata.

Profitability Margins

The company reported a profit for the year ended March 31, 2025, but specific Gross, Operating, and Net margins were not disclosed in the provided text.

Capital Expenditure

Not disclosed in available documents; however, the company is in the process of raising funds and obtained approval for filing a Red Herring Prospectus (RHP) on May 2, 2025, indicating planned capital activity.

Credit Rating & Borrowing

Long-term rating of 'CRISIL BB/Stable' (Issuer Not Cooperating) as of April 22, 2025. The company has a sanctioned working capital limit exceeding INR 5 Cr from banks/financial institutions.

⚙️ Operational Drivers

Raw Materials

Specific raw materials like cotton yarn or fabric are utilized for sarees and bed sheets; however, specific names and cost percentages are not disclosed.

Capacity Expansion

Current installed capacity is not disclosed. Planned expansion is implied by the filing of a Red Herring Prospectus (RHP) on May 2, 2025, to raise capital.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

The company is pursuing a public listing via a Red Herring Prospectus (RHP) approved on May 2, 2025. This capital raise is intended to fund growth. The strategy leverages the 'Vandana' brand's strong recall in Kolkata to potentially expand market share in the saree and bed sheet segments.

Products & Services

Sarees and bed sheets.

Brand Portfolio

Vandana

Market Expansion

The company maintains facilities in West Bengal and Gujarat, targeting the Kolkata market; further expansion plans are linked to the RHP filing.

🌍 External Factors

Industry Trends

The textile industry is evolving with a focus on brand recall and regional market penetration. NRVANDANA is positioning itself by transitioning from a private entity to a public-listed company to capture growth in the saree and home textile market.

Competitive Landscape

The company competes in the fragmented textile and saree market, specifically against regional players in West Bengal and Gujarat.

Competitive Moat

The primary moat is the 'Vandana' brand name which has a strong recall in the Kolkata region. This provides a competitive advantage in customer loyalty within the traditional wear segment.

⚖️ Regulatory & Governance

Industry Regulations

The company complies with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. It maintains a Vigil Mechanism and a Code of Conduct for all directors and senior management.

Legal Contingencies

The company reports no pending litigations that would impact its financial position as of March 31, 2025. There were zero complaints filed under the Sexual Harassment of Women at Workplace Act during the year.

⚠️ Risk Analysis

Key Uncertainties

The 'Issuer Not Cooperating' status by CRISIL for the INR 31 Cr facility represents a significant transparency and credit risk. There is also a risk associated with the successful execution of the RHP and subsequent fund utilization.

Geographic Concentration Risk

High concentration in Kolkata and West Bengal for brand recall, with manufacturing split between West Bengal and Gujarat.

Credit & Counterparty Risk

The company has not defaulted on dues to financial institutions or banks. Quarterly returns filed with banks for the INR 5 Cr+ working capital limit are in agreement with the books of accounts.