Nandani Creation
- Market cap
- ₹ 56 Cr.
- P/E
- 27.8x
- P/B
- 0.8x
- 52-week range
- 23.91 – 42.74
- ROE
- 3%
- ROCE
- 7%
- Dividend yield
- 0%
- Debt / equity
- 0.58
- Sector
- Textiles & Apparels
- Industry
- Garments & Apparels
- Listed on
- NSE
About
Nandani Creation Limited is an India-based company engaged in the manufacturing and trading of women's apparel. The Company offers women's apparel like kurtis, ethnic tops, palazzos, patiala salwar suits, dupattas, jackets, leggings, different varieties of bottom wears, shirts, and western wears. Its brands are Jaipur Kurti, Amaiva, and Desi Fusion. Jaipur Kurti is a direct-to-consumer brand that offers ethnic sets, wedding wear, fusion wear, kurtas, and kurtis. Amaiva is a retail store that has been converted into JaipurKurti.com and has eight retail stores. Desi Fusion is a business-to-business brand, offering women's clothing. The Company distributes products through electronic retail (e-retail) brands such as Myntra, Nykaa, Ajio, Amazon, Flipkart, TataCliq, and JK.com. The shop-in-shop distribution is a retail model where the Company establishes mini-stores within large retail spaces like malls and shopping centers. It has one subsidiary company, Desi Fusion India Private Limited.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Garments & Apparels: 62 companies →Nandani Creation against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)27.8 against a typical 18.5: pricier than most peers (1st = cheapest).40th of 62
- Sales growth+24.9% against a typical +8.8% from a year earlier.12th of 46
- Profit growth−8.6% against a typical +4.1% from a year earlier.26th of 41
- Share price, 3 months+3.5% against a typical −5.7%.16th of 56
- Size₹ 55.6 Cr. market value against a typical ₹ 152.5 Cr. (1st = largest).42nd of 58
Latest announcements
Exchange filings and their impact on the company.
- Jaipur Kurti opened 5 stores in October as Project 50 targeting 50 outlets by March 2027 moves into execution.
Nandani Creation, under brand Jaipur Kurti, opened its 5th store in October 2026 in Model Town, Ludhiana, after opening four stores in a single day earlier in the month. The stores are in Jaipur, Gurugram, Jammu, Delhi and Ludhiana. The openings are part of Project 50, which targets 50 exclusive brand outlets by March 2027 to complement its online and large-format retail presence.
- Jaipur Kurti opened four stores in one day to reach ~22 stores, showing early execution of its 50-store target by March 2027.
Nandani Creation, under brand Jaipur Kurti, opened four exclusive stores in a single day on October 12, 2026 at DT Mega Mall Gurgaon, Jammu, Pacific Mall Jaipur and Rajouri Garden Delhi. This is part of Project 50 announced in September 2026 to expand from 18 stores to 50 stores by March 31, 2027 with an omnichannel and tech-enabled model. The move shows early execution momentum but adds only modest near-term revenue while incurring fit-out, rent and inventory costs.
- Converted 50,000 warrants at Rs44, raising Rs0.22 cr with only 0.25% dilution.
Nandani Creation allotted 50,000 equity shares of Rs10 each at Rs44 per share on October 8, 2026, on conversion of 50,000 warrants by non-promoter Chiragsala Sales Pvt Ltd. The warrants were part of a 35,32,500-warrant preferential issue made in April 2025, with Rs33 per share received now as balance payment. Paid-up capital rose to 2,04,40,714 shares, with the holder's stake rising to 0.49%, raising about Rs0.22 cr in total with minimal dilution.
- Promoters converted 5.75 lakh warrants at Rs44, infusing Rs1.9 cr cash with minor 2.9% dilution.
Nandani Creation allotted 5,75,000 equity shares of Rs10 each at Rs44 per share on conversion of warrants by promoters Sunita Devi Mundhra (3,00,000) and Anuj Mundhra (2,75,000). The company received the balance Rs33 per share, about Rs1.9 crore now, out of 35,32,500 warrants issued in April 2025. Paid-up capital rose to 2,03,90,714 shares and promoter holdings rose to 9.57% and 24.29%, modestly strengthening equity with minor dilution.
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 8 Oct 2026 | Warrant conversion | Allotted | ₹ 0.22 Cr. | ₹ 44 | −35.91% | |
| 7 Oct 2026 | Warrant conversion | Allotted | ₹ 2.53 Cr. | ₹ 44 | −35.91% |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 4 Sep 2026 | Other business matters | To consider other business matters |
| 10 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 9 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 11 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 5 Sep 2025 | Other business matters | To consider other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7 | 10 | 19 | 18 | 18 | 13 | 20 | 27 | 28 | 27 | 30 | 34 |
| Expenses | 8 | 8 | 16 | 15 | 16 | 12 | 18 | 25 | 26 | 25 | 27 | 32 |
| Operating Profit | −1 | 2 | 4 | 3 | 3 | 2 | 1 | 2 | 2 | 2 | 2 | 2 |
| OPM % | −19.3% | 18.2% | 18.4% | 14.5% | 14.4% | 11.9% | 7.2% | 7% | 5.9% | 5.8% | 8.2% | 6.5% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | −2 | 1 | 3 | 2 | 2 | 1 | 1 | 1 | 0 | 0 | 1 | 1 |
| Tax % | −26.6% | 31.7% | 21.9% | 25.1% | 32% | 24.1% | 24.6% | 29.6% | 31.6% | 39.4% | 34.7% | 28.1% |
| Net Profit | −1 | 1 | 2 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 1 |
| EPS in Rs | −0.88 | 0.42 | 1.21 | 0.77 | 0.79 | 0.24 | 0.27 | 0.37 | 0.14 | 0.1 | 0.35 | 0.34 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 23%
- 5 Years
- 20%
- 3 Years
- 35%
- TTM
- 50%
- 10 Years
- 15%
- 5 Years
- 4%
- 3 Years
- 136%
- TTM
- −39%
- 10 Years
- —
- 5 Years
- −13%
- 3 Years
- −30%
- TTM
- —
- 10 Years
- 5%
- 5 Years
- 4%
- 3 Years
- 4%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Nandani Creation | ₹ 28.20 | ₹ 56 Cr. | 27.8x | 0.8x | 3% | — |
| Page Industries | ₹ 33,830.00 | ₹ 37,734 Cr. | 56.7x | 29.9x | 52.5% | 14.6% |
| Vardhman Textiles | ₹ 495.00 | ₹ 14,319 Cr. | 23.3x | 1.7x | 7.3% | 7.6% |
| Pearl Global Industries | ₹ 1,231.00 | ₹ 11,329 Cr. | 34.7x | 6.6x | 21.2% | 5.4% |
| Indo Count Industries | ₹ 390.35 | ₹ 7,721 Cr. | 58x | 3.3x | 5.4% | 3% |
| Gokaldas Exports | ₹ 673.70 | ₹ 4,937 Cr. | 64.5x | 2.9x | 4.7% | 2.5% |
Management
- Anuj Mundhra
- Executive Chairman of the Board, Managing Director
- Dwarka Das Mundhra
- Chief Financial Officer
- Gunjan Jain
- Chief Compliance Officer, Company Secretary
- Sunita Devi Mundhra
- Whole-Time Director
- Vandana Mundhra
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.