As of 6 Nov 2026, New Light Industries trades at 37.0× trailing earnings, above the industry P/E of 17.2×, and the shares are 20% below their 52-week high. Its ROCE of 3.8% is the second-lowest among the 7 largest Apparel Manufacturing peers, and sales grew 5.2% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹13 Cr, ranked 54th of 61 Apparel Manufacturing companies by market cap; the shares fell 18% over the past year.
- ₹1.54
- ₹1.54
- ₹1.41
- ₹1.48
- 31.9K
Health check
- ReturnsBehind
−18.2% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 37.0 vs industry 17.2.
- GrowthSteady
Sales +5.2% a year over 3 years.
- ProfitabilityWeak
ROCE 3.8% vs peer median 20.1%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags4 to check
Return on equity is low at 2.9%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹13 Cr
- Small cap
- P/E
- 37.0
- Industry 17.2
- Price to book
- 0.86
- Peers 5.48
- Dividend yield
- 0.00%
- ROE
- 2.9%
- Peers 20.0%
- ROCE
- 3.8%
- Peers 20.1%
- Debt to equity
- 0.00
- Debt ₹0.01 Cr
- EPS (TTM)
- ₹0.04
- OPM (TTM)
- 2.5%
- Net margin 3.0%
- Sales growth
- −13.7%
- Latest quarter vs a year ago
- Profit growth
- −79.1%
- Latest quarter vs a year ago
- Price to sales
- 1.88
- EV/EBITDA 32.4
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Return on equity is low at 2.9%.
- Quarterly profit down 79.1% on a year ago.
- Quarterly sales down 13.7% on a year ago.
- P/E of 37.0 against an industry P/E of 17.2.
About New Light Industries
New Light Industries Limited manufactures and sells garments, tailored apparel and uniforms in India and internationally. The company offers school uniforms, including shirt, trousers, skirt, shorts, tie, belt, socks, sweater, blazer, waistcoat, T-shirt, hoodie set, and tracksuit. The company also offers corporate uniforms, including shirts, paint, blazers, T-shirts, and sweaters; and sportswear comprising T-shirt, shorts, and socks. The company was…
- Headquarters
- New Delhi
- Employees
- 3
- Sector
- Consumer Cyclical
- ISIN
- INE835U01027
- Website
- newlightindustries.com
Price range
- Avg volume (3M)
- 3 L
- 1-year return
- minus 18.2%
- From 52-week high
- minus 19.6%
Peers · Apparel Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAGEINDPage Industries | 35,930.00 | plus 1.15% | 40,076 | 53.0 | 26.67 | 61.5% | 52.5% | 21.4% | 3.8% | 10.2% | 2.23% | minus 11.5% |
| PGILPearl Global Industries | 1,338.80 | 0.00% | 12,368 | 39.9 | 8.46 | 20.1% | 21.2% | 9.0% | 17.5% | 23.0% | 0.54% | plus 105.8% |
| MANYAVARVedant Fashions | 472.80 | minus 6.51% | 11,488 | 29.8 | 5.48 | 22.3% | 20.0% | 44.0% | 1.9% | −4.3% | 1.64% | minus 21.6% |
| GOKEXGokaldas Exports | 682.95 | minus 7.32% | 5,004 | 37.8 | 2.32 | 8.9% | 4.7% | 8.2% | 20.9% | −16.7% | 0.00% | minus 14.5% |
| ABFRLAditya Birla Fashion and Retail | 39.02 | minus 6.61% | 4,748 | – | 0.91 | −3.2% | −12.3% | 8.9% | −13.0% | – | 0.00% | minus 50.3% |
| LUXINDLux Industries | 1,162.40 | plus 0.41% | 3,496 | 34.1 | 1.86 | 9.3% | 5.9% | 6.4% | 7.2% | −9.9% | 0.17% | minus 7.5% |
| SBCSBC Exports | 68.70 | plus 2.86% | 3,271 | 80.8 | 32.48 | 36.4% | 41.5% | 8.7% | 27.2% | 54.1% | 0.00% | plus 176.0% |
| NEWLIGHTNew Light Industries | 1.48 | 0.00% | 13 | 37.0 | 0.86 | 3.8% | 2.9% | 2.6% | 5.2% | – | 0.00% | minus 18.2% |
| Median of 7 peers | – | 0.00% | 5,004 | 38.9 | 5.48 | 20.1% | 20.0% | 8.9% | 7.2% | 2.9% | 0.17% | −11.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 3.2 | 1.3 | 1.4 | 1.2 | 2.7 | |
| 2.9 | 1.2 | 1.4 | 1.2 | 2.7 | |
| 0.3 | 0 | 0 | 0 | 0.1 | |
| 8.6% | 3.5% | 1.5% | 1.4% | 3.1% | |
| 0 | 0 | 0 | 0.2 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.3 | 0 | 0 | 0.2 | 0.1 | |
| – | – | −12.8% | 62.7% | 25.2% | |
| 0.3 | 0 | 0 | 0.1 | 0.1 | |
| 0.03 | 0.01 | 0.01 | 0.01 | 0.01 |
Profit & loss
- Sales CAGR 3Y
- +5.2%
- ROE
- 2.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.1 | 12.1 | 17.2 | 7.1 | |
| – | +97.4% | +43.0% | minus 58.7% | |
| 6.4 | 11.6 | 16.1 | 6.7 | |
| −0.3 | 0.4 | 1.1 | 0.4 | |
| −5.5% | 3.7% | 6.5% | 5.7% | |
| −0 | −0 | −0 | 0 | |
| 0.1 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | |
| – | −0 | −0 | 0.2 | |
| −0.5 | 0.4 | 1 | 0.6 | |
| −6.8% | 0.2% | −12.5% | 25.2% | |
| −0.5 | 0.4 | 1.1 | 0.4 | |
| – | – | +211.1% | minus 63.0% | |
| -0.24 | 0.17 | 0.14 | 0.05 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.2 | 2.2 | 8.8 | 8.8 | |
| −0.5 | 1.1 | 5.6 | 6.1 | |
| 4.5 | 4 | 0.1 | 0 | |
| 5.1 | 4 | 0.6 | 0.6 | |
| 11.3 | 11.3 | 15 | 15.4 | |
| 0.1 | 0.1 | 0.2 | 0.1 | |
| 0.1 | 1.3 | 0.3 | 0.8 | |
| 11.1 | 9.9 | 14.6 | 14.5 | |
| 11.3 | 11.3 | 15 | 15.4 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.3 | 0.2 | −7 | 0.5 | |
| −0 | −0 | −0.1 | – | |
| −0.3 | 1.1 | 6.1 | −0.1 | |
| −0 | 1.2 | −1 | 0.4 | |
| −0 | −0 | −0.1 | – | |
| 0.3 | 0.1 | −7.1 | 0.5 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.