N R Vandana Tex Industries Limited (NRVANDANA)
Latest quarterly results (H1 FY26)
In its latest reported quarter, H1 FY26, N R's revenue was ₹131 Cr, and net profit ₹5.8 Cr; the operating margin was 8.7%.
| H1 FY26 (₹ Cr) | Value | YoY | vs prev. half |
|---|---|---|---|
| Revenue | ₹131 | — | — |
| Operating profit | ₹11.4 | — | — |
| Net profit | ₹5.8 | — | — |
| EPS (₹) | 2.72 | — | — |
| Operating margin | 8.7% | — | — |
NRVANDANA delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 11.11% of the NRVANDANA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 66.39%. That is lower than usual for this stock. Turnover was only ₹38 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 54.2% · 6.5% · 100.0% · 38.5% · 11.1%
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
N R Vandana Tex Industries Limited submitted the scrutinizer's report and voting results for its 34th Annual General Meeting held on September 21, 2026. All proposed ordinary resolutions were approved by shareholders with 100% of the polled votes cast in favour. A total of 17,150,809 votes were cast across e-voting, including 17,096,809 promoter votes and 54,000 public non-institutional votes. Key approvals included the adoption of audited financial statements for FY26 and the re-appointment of director Mr. Prabhu Lohia.
- 100% of the 17,150,809 votes polled were in favour of all resolutions
- Promoter and promoter group cast 17,096,809 votes (100% in favour)
- Public non-institutional category polled 54,000 votes with zero against votes
- Adoption of audited financial statements for the financial year ended March 31, 2026 approved
- Re-appointment of director Mr. Prabhu Lohia, retiring by rotation, was confirmed
N R Vandana Tex Industries Limited has issued the notice for its 34th Annual General Meeting (AGM) scheduled for Monday, September 21, 2026. The cut-off date for determining shareholder voting eligibility is Monday, September 14, 2026. Remote e-voting begins on September 18, 2026 at 10:00 AM and concludes on September 20, 2026 at 5:00 PM. Key agenda items include the adoption of financial statements for the year ended March 31, 2026, and the re-appointment of director Mr. Prabhu Lohia, who retires by rotation.
- 34th Annual General Meeting scheduled for September 21, 2026 at 11:00 AM IST in Kolkata
- Share voting cut-off date fixed for September 14, 2026
- Remote e-voting open from September 18, 2026 (10:00 AM) to September 20, 2026 (5:00 PM)
- Share transfer books to remain closed from September 15, 2026 to September 21, 2026
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
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.
