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Damodar Industries Limited (DAMODARIND)

₹27.17 +2.34% last close, 16 Oct

📊 NSE: DAMODARIND 🏢 Textiles - Spinning - Synthetic / Blended 📢 Latest filing: 15 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Damodar Industries' revenue was ₹112 Cr (+30.9% year on year, +19.5% on the previous quarter), and net profit ₹0.9 Cr (-71.3% year on year); the operating margin was 5.8%.

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹112	+30.9%	+19.5%
Operating profit	₹6.5	—	-33.1%
Net profit	₹0.9	-71.3%	-7.1%
EPS (₹)	0.39	-71.7%	-7.1%
Operating margin	5.8%	—	—

Full quarterly financials → Results calendar →

DAMODARIND delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 90.2% of the DAMODARIND shares traded on NSE were taken to delivery, against the stock's own 20-session average of 93.4%. That is lower than usual for this stock. Turnover was only ₹1 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 1 session in about the last 20.

90.2%Delivery, 16 Oct

93.4%Own 20-session average

0.9×Volume vs its average

₹27.17NSE close · +2.34%

Delivery in the last 5 sessions: 89.7% · 97.0% · 92.1% · 94.8% · 90.2%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Damodar Industries Submits Demat Certificate Under Reg 74(5) for Q2 Ended Sep 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 15 Oct 2026, 07:26 PM

Damodar Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate was issued by its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, on October 3, 2026. It confirms that share certificates received for dematerialisation during the period were verified, mutilated, cancelled, and substituted with the depositories within the required timelines. This is a standard procedural compliance filing with zero operational or financial impact.

Regulation 74(5) compliance submitted for the quarter ended September 30, 2026
Confirmation issued by RTA MUFG Intime India Pvt. Ltd. dated October 3, 2026
Filing submitted to BSE (Scrip Code 521220) and NSE on October 15, 2026
Confirms mutilation and cancellation of physical certificates upon demat within mandated timelines

💡 No action is required. Investors should track upcoming quarterly financial results for Q2 FY27 for fundamental performance updates.

38th AGM: Damodar Industries Adopts FY26 Financials and Re-elects Director

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Aug 2026, 09:04 PM

Damodar Industries Limited concluded its 38th Annual General Meeting on August 8, 2026. Shareholders voted on the adoption of FY26 audited financial statements, which reported a revenue of ‡430.03 Cr and a PAT of ‡5.38 Cr. The meeting also covered the re-election of Director Aditya Biyani and the fixing of Cost Auditor remuneration for FY27. Management addressed queries regarding the new man-made fiber division and the strategy to reduce the ‡168 Cr debt through the sale of the Dadra plant.

38th Annual General Meeting held on August 8, 2026, via Video Conferencing.
Adoption of FY26 Audited Standalone Financial Statements with revenue of ‡430.03 Cr.
Re-election of Mr. Aditya Biyani as a Director of the company.
Approval of remuneration for Cost Auditors for the 2026-27 financial year.
Management addressed shareholder queries on capacity utilization and the ‡168 Cr debt position.

💡 Investors should monitor the upcoming disclosure of formal voting results and track the progress of the Dadra plant sale, which is intended to improve the company's 1.14 D/E ratio.

38th AGM: Damodar Industries Discusses Growth Triggers and Debt Management

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Aug 2026, 09:01 PM

Damodar Industries concluded its 38th Annual General Meeting on August 8, 2026, where shareholders voted on the adoption of FY26 financial statements and the re-election of Director Aditya Biyani. The company, which reported TTM revenue of ₹430 Cr and a PAT of ₹5 Cr, addressed shareholder queries regarding high debt levels (₹168 Cr) and interest costs. Management highlighted growth triggers likely related to the man-made fiber division launched in Q2 FY25. The meeting was conducted via video conferencing and lasted approximately 57 minutes.

38th Annual General Meeting held on August 8, 2026, via Video Conferencing
Shareholders voted on 3 resolutions, including fixing Cost Auditor remuneration for FY 2026-27
Company reported TTM Revenue of ₹430 Cr and PAT of ₹5 Cr for FY26
Debt levels remain significant at ₹168 Cr against a Market Cap of ₹67 Cr
Remote e-voting was conducted between August 5 and August 7, 2026

💡 Monitor the upcoming voting results and look for specific management commentary in the next quarterly report regarding the ramp-up of the man-made fiber division and debt reduction progress.

43.7% YoY Revenue Growth in Q1 FY27; Net Profit Rises to ₹2.69 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 08 Aug 2026, 04:21 PM

Damodar Industries reported a strong start to FY27 with total income rising 43.7% YoY to ₹152.79 Cr, significantly exceeding its FY26 quarterly average. Net profit increased 15.9% YoY to ₹2.69 Cr, showing a sharp sequential recovery from ₹0.92 Cr in Q4 FY26. The company benefited from a MAT credit entitlement of ₹47.01 Lacs, which effectively neutralized the current tax expense for the quarter. Despite a high raw material cost-to-revenue ratio of 71.9%, the company achieved an EPS of ₹1.15 compared to ₹1.00 in the year-ago period.

Total Income grew 43.7% YoY to ₹152.79 Cr from ₹106.33 Cr in Q1 FY26.
Net Profit surged 192% on a sequential basis to ₹2.69 Cr from ₹0.92 Cr in the previous quarter.
Raw material consumption stood at ₹109.87 Cr, accounting for nearly 72% of total revenue.
Finance costs decreased to ₹4.08 Cr from ₹4.64 Cr in the same quarter last year, a 12% reduction.
Earnings Per Share (EPS) improved to ₹1.15 for the quarter, up from ₹1.00 YoY.

💡 Monitor the sustainability of this revenue jump in upcoming quarters to see if the man-made fiber division is successfully scaling. Watch for improvements in operating margins, which remain thin despite the top-line growth.

38th AGM Scheduled for Aug 8, 2026; E-voting to Commence Aug 5

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 20 Jul 2026, 08:01 PM

Damodar Industries Limited has announced its 38th Annual General Meeting (AGM) will be held on August 8, 2026, via video conferencing. Shareholders holding shares as of the cut-off date of August 1, 2026, are eligible to participate in the electronic voting process. The e-voting window is scheduled to open on August 5 and close on August 7, 2026. A total of three resolutions will be presented for shareholder approval during the meeting.

38th Annual General Meeting scheduled for August 8, 2026, at 11:30 A.M.
Cut-off date for e-voting entitlement is set for August 1, 2026.
E-voting period runs for 3 days from August 5 to August 7, 2026.
Total of 3 resolutions to be placed before the shareholders for approval.
Results of the voting to be announced within 2 working days of the AGM conclusion.

💡 Shareholders should review the specific resolutions in the full AGM notice and ensure they are registered for e-voting by the August 1 cut-off date if they wish to participate.

38th AGM of Damodar Industries Scheduled for August 08, 2026; Annual Report Links Shared

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Jul 2026, 07:00 PM

Damodar Industries has scheduled its 38th Annual General Meeting (AGM) for August 08, 2026, to be conducted via video conferencing. The company is proactively sending physical letters to shareholders whose email addresses are not registered, providing direct web links to the FY 2025-26 Annual Report. This administrative action follows a shareholder cut-off date of July 10, 2026. The report will provide details on the company's TTM revenue of Rs 430 Cr and its progress in the man-made fiber segment.

38th Annual General Meeting scheduled for August 08, 2026, at 11:30 A.M. IST
Cut-off date of July 10, 2026, established for identifying shareholders requiring physical intimation
Annual Report for the Financial Year 2025-26 made available via multiple web portals
Company currently maintains a TTM revenue of Rs 430 Cr and a Debt-to-Equity ratio of 1.14

💡 Investors should review the upcoming Annual Report to track the execution of the man-made fiber division and the status of the Dadra plant sale intended to reduce the Rs 168 Cr debt.

Damodar Industries to Hold 38th AGM on Aug 08, 2026; FY26 Revenue at ₹430.03 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 16 Jul 2026, 04:26 PM

Damodar Industries has scheduled its 38th Annual General Meeting (AGM) for August 08, 2026, to adopt the audited financial statements for FY26. The company reported a marginal turnover growth to ₹430.03 Cr in FY26 from ₹421.44 Cr in FY25, while PAT remained nearly flat at ₹5.37 Cr. No dividend has been recommended for the year, continuing the trend from the previous three fiscal years. Key agenda items include the re-election of Director Aditya Biyani and fixing the cost auditor's remuneration at ₹50,000 for FY27.

FY26 Turnover stood at ₹430.03 Cr, representing a marginal 2% increase over FY25's ₹421.44 Cr
Net Profit (PAT) for FY26 was ₹5.37 Cr, compared to ₹5.40 Cr in the previous fiscal year
Interest costs for FY26 were ₹17.81 Cr, consuming approximately 43% of the ₹41.42 Cr PBDIT
The company declared 0% dividend for FY26, marking the fourth consecutive year without a payout
Book closure for the AGM is scheduled from August 04, 2026, to August 08, 2026

💡 Investors should monitor the AGM for management commentary regarding the ramp-up of the new man-made fiber division and the status of the Dadra plant sale intended to reduce debt.

Damodar Industries Submits Regulation 74(5) Compliance Certificate for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 15 Jul 2026, 05:17 PM

Damodar Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026. The certificate, issued by the Registrar and Share Transfer Agent (RTA) MUFG Intime India Pvt. Ltd., confirms that share certificates received for dematerialization were processed and listed on the stock exchanges. It also verifies that physical certificates were mutilated and cancelled as per regulatory timelines. This is a routine administrative filing with no impact on the company's financial position or operations.

Compliance certificate issued for the quarter ended June 30, 2026.
Registrar and Share Transfer Agent (RTA) identified as MUFG Intime India Pvt. Ltd. (Registration No. INR000004058).
Confirmation that securities received for dematerialization were listed on the stock exchanges where earlier securities were listed.
Physical security certificates were mutilated and cancelled within prescribed timelines after due verification.

💡 No action is required as this is a routine regulatory filing. Investors should monitor upcoming quarterly earnings for insights into the company's operational performance.

Damodar Industries Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Jun 2026, 07:08 PM

Damodar Industries Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the upcoming board meeting to review Q1 FY27 financial results. The window will remain closed until 48 hours after the unaudited standalone financial results for the quarter ending June 30, 2026, are declared. The specific date for the board meeting will be communicated to the exchanges at a later time.

Trading window closure effective from July 1, 2026, for the quarter ended June 30, 2026.
Closure applies to all designated persons and their immediate relatives under SEBI regulations.
Window to reopen 48 hours after the announcement of the unaudited standalone financial results.
The board meeting date for result consideration is yet to be announced separately.

💡 This is a routine regulatory announcement and does not impact the company's fundamentals. Investors should monitor for the upcoming board meeting date to assess the Q1 FY27 financial performance.

Damodar Industries Promoters Declare No New Share Encumbrances for FY26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 09 Jun 2026, 11:59 AM

Damodar Industries Limited has submitted its annual declaration under Regulation 31(4) of the SEBI (SAST) Regulations for the financial year ending March 31, 2026. The promoter group, led by Aditya Biyani, confirmed that no new encumbrances were created on their shareholding during the year, either directly or indirectly. The only existing encumbrance remains at 49,40,000 equity shares, which were previously disclosed to the stock exchanges. This filing serves as a standard compliance measure to ensure transparency regarding promoter share pledges.

Promoters confirmed no additional encumbrances were made during the financial year ending March 31, 2026.
Total previously disclosed encumbered shares stand at 49,40,000 equity shares.
The declaration was submitted on behalf of 16 promoter and promoter group entities.
The filing complies with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

💡 No immediate action is required as this is a routine annual regulatory disclosure. Investors should continue to monitor the status of the 49.40 lakh previously pledged shares relative to total promoter holding.

Damodar Industries Promoters Declare No New Share Encumbrances for FY 2025-26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Jun 2026, 03:23 PM

Damodar Industries Limited has submitted its annual disclosure under Regulation 31(4) of the SEBI (SAST) Regulations for the financial year ended March 31, 2026. The promoter group, led by Aditya Biyani, declared that no new encumbrances were created on their shareholding, either directly or indirectly, during the year. The total existing encumbrance remains at 49,40,000 equity shares as previously disclosed to the exchanges. This filing is a standard compliance requirement to ensure transparency in promoter share pledging activities.

Annual declaration submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Promoters confirmed no additional encumbrances were made during the financial year ending March 31, 2026.
The total number of encumbered shares is maintained at 49,40,000 equity shares.
The disclosure covers a comprehensive list of 16 promoter and promoter group entities, including individuals, HUFs, and private companies.

💡 No immediate action is required as this is a routine regulatory confirmation of the status quo regarding promoter share pledges.

Damodar Industries Approves FY26 Audited Results and Sets AGM for August 8, 2026

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 15 May 2026, 07:17 PM

Damodar Industries Limited approved its audited financial results for the quarter and full year ended March 31, 2026, during its board meeting on May 15, 2026. The statutory auditors issued an unmodified report, signifying a clean audit for the fiscal year. The company has scheduled its 38th Annual General Meeting (AGM) for August 8, 2026, and appointed M/s Dilip M. Bathija as the Cost Auditor for FY 2026-27. Share transfer books will remain closed from August 4 to August 8, 2026, for the purpose of the AGM.

Approved audited financial results for the quarter and year ended March 31, 2026
Statutory auditors M/s Devpura Navlakha & Co issued an unmodified audit report
Appointed M/s Dilip M. Bathija as Cost Auditor for the financial year 2026-2027
38th Annual General Meeting (AGM) scheduled for Saturday, August 8, 2026
Book closure period set from August 4, 2026, to August 8, 2026

💡 Investors should examine the full audited financial statements for specific growth trends and profitability margins. Monitor the upcoming AGM for management commentary on future expansion plans in the fancy yarn and weaving segments.

Damodar Industries Approves FY26 Audited Results and Schedules 38th AGM

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 15 May 2026, 07:06 PM

Damodar Industries Limited has approved its audited financial results for the quarter and full year ended March 31, 2026. The company has scheduled its 38th Annual General Meeting (AGM) for August 08, 2026. To facilitate the AGM, the register of members and share transfer books will remain closed from August 04 to August 08, 2026. Furthermore, the board has appointed M/s Dilip M. Bathija as the Cost Auditor for the financial year 2026-2027, subject to shareholder approval.

Approved audited financial results for the quarter and year ended March 31, 2026.
38th Annual General Meeting (AGM) to be held on Saturday, August 08, 2026.
Book closure period fixed from August 04, 2026, to August 08, 2026, for AGM purposes.
Appointment of M/s Dilip M. Bathija as Cost Auditor for the 2026-2027 financial year.
The board meeting concluded at 5:30 PM on May 15, 2026.

💡 Investors should monitor the detailed financial statements for the full year 2026 to evaluate the company's growth trajectory. No immediate action is required as these are routine administrative and compliance-related announcements.

Damodar Industries Approves FY26 Audited Results and Appoints Cost Auditor

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 15 May 2026, 06:43 PM

Damodar Industries Limited approved its audited financial results for the quarter and full year ended March 31, 2026, during its board meeting on May 15, 2026. The company received an unmodified auditor's report, indicating transparency in its financial reporting. Furthermore, the board has scheduled the 38th Annual General Meeting for August 08, 2026. M/s Dilip M. Bathija was appointed as the Cost Auditor for the 2026-2027 financial year, subject to shareholder approval.

Approved audited financial results for the quarter and year ended March 31, 2026
Statutory Auditors issued an unmodified report for the financial year
Appointed M/s Dilip M. Bathija as Cost Auditor for FY 2026-2027
38th Annual General Meeting scheduled for August 08, 2026
Book closure period set from August 04 to August 08, 2026

💡 Investors should examine the full financial report for specific revenue and profit trends. No immediate action is required beyond monitoring AGM outcomes.

Damodar Industries Shareholders Approve Independent Director Appointment with 99.97% Majority

🟢 POSITIVE ⭐ 4/10

MANAGEMENT 📅 24 Apr 2026, 05:56 PM

Damodar Industries Limited has announced the successful conclusion of its Postal Ballot process on April 23, 2026. Shareholders overwhelmingly approved the appointment of Mr. Suresh Narayan Nayak as a Non-Executive Independent Director. The resolution received 9,889,616 votes in favor, representing 99.97% of the total votes cast, while only 2,725 votes were cast against. This high approval rating indicates strong shareholder confidence in the company's governance and board composition.

Appointment of Mr. Suresh Narayan Nayak as Non-Executive Independent Director approved.
Resolution passed with a significant majority of 99.97% votes in favor.
Total of 9,889,616 shares voted in favor versus 2,725 shares against.
The voting process was conducted via remote e-voting from March 25 to April 23, 2026.
The scrutinizer's report confirmed the resolution was passed with the requisite majority.

💡 This is a routine management update that strengthens corporate governance; investors should maintain their current positions as the board remains stable.

View All DAMODARIND Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations was INR 421.44 Cr in FY25, representing a 41% decline from INR 715.38 Cr in FY24. Segment-specific growth is not detailed, but the company diversified into man-made fibers starting Q2 FY25.

Profitability Margins

Net Profit Margin improved to 1.28% in FY25 from 0.73% in FY24. Gross margin (based on cost of consumption) was approximately 53.6% of revenue.

EBITDA Margin

Operating margins are targeted to remain above 7% for credit rating sustenance. Interest coverage ratio stood at 2.18x in FY25.

Capital Expenditure

Planned capital expenditure of INR 4-4.5 Cr over the medium term, to be funded through internal accruals.

Credit Rating & Borrowing

CRISIL upgraded the rating to 'BBB-/Stable' from 'BB+/Stable'. Gearing improved to 1.31x as of March 31, 2025, from 2.22x in the previous year due to term loan prepayments.

⚙️ Operational Drivers

Raw Materials

Cotton and Man-made fibers. Cost of consumption was INR 195.52 Cr, representing 46.4% of total revenue.

Capacity Expansion

The company started manufacturing man-made fibers in Q2 FY25. It is also realizing funds from the sale of its Dadra plant to improve financial position.

Raw Material Costs

Raw material consumption costs decreased by 47.6% YoY to INR 195.52 Cr in FY25, following the sharp decline in overall revenue.

Manufacturing Efficiency

Bank limit utilization is high, averaging 88% for the twelve months ended April 2025.

Logistics & Distribution

Other expenses, including distribution and administrative costs, totaled INR 43.88 Cr, or 10.4% of revenue.

📈 Strategic Growth

Expected Growth Rate

41.65%

Growth Strategy

Growth is targeted through the new man-made fiber division launched in Q2 FY25, leveraging 40+ years of promoter experience, and improving the financial risk profile via the sale of the Dadra plant and government subsidies.

Products & Services

Spinning of fancy roving injected yarns, weaving products, and man-made fibers.

Brand Portfolio

Damodar

New Products/Services

Man-made fibers launched in Q2 FY25.

🌍 External Factors

Industry Trends

The industry is shifting toward man-made fibers to mitigate the volatility of cotton prices; the company positioned itself for this by starting MMF production in FY25.

Competitive Landscape

The company operates in a fragmented textile market with volatile revenue trends.

Competitive Moat

Moat is built on the 'Damodar' brand value and over four decades of promoter experience in industry dynamics and customer relationships.

Macro Economic Sensitivity

Highly sensitive to economic development and demand cycles in the textile sector.

Consumer Behavior

Shift in demand toward man-made fiber-based textiles.

⚖️ Regulatory & Governance

Industry Regulations

Maintenance of cost records is required under Section 148 of the Companies Act, 2013; the auditor confirmed these are maintained.

Taxation Policy Impact

Current tax of INR 0.59 Cr (59.33 Lakh) and a deferred tax credit of INR 2.01 Cr in FY25.

Legal Contingencies

The company has complied with provisions of sections 73 to 76 regarding public deposits; no orders have been passed by NCLT or RBI against the company.