Nandani Creation Ltd. (JAIPURKURT) AI Stock Analysis

• Market Cap: ₹546.38M
• Dividend Yield: N/A
• Average Volume (3M): 14.55K
• Price to Earnings (P/E): 54.6
• Beta (1Y): 0.91
• Revenue Growth: 37.68%
• EPS Growth: -67.76%
• Country: IN
• Employees: 93
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 0.12
• Shares Outstanding: 19,090,714
• 10 Day Avg. Volume: 14,706
• 30 Day Avg. Volume: 14,554
• PEG Ratio: 0.05
• Price to Book (P/B): 1.68
• Price to Sales (P/S): 1.26
• P/FCF Ratio: -4.46
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ₹30.00 ▲(11.07% Upside)
• Action: Reiterated Date: 02/03/26
• Date: Action: Reiterated 02/03/26

The score is driven primarily by strong revenue growth and improving margins, but is held back by negative free cash flow and operating cash outflows. Technicals are mixed with neutral momentum and price below key moving averages, while valuation (P/E ~27) offers limited support without dividend data.

Positive Factors

Sustained revenue growth

A ~54% YoY revenue increase indicates durable demand for the Jaipur Kurti brand and expanding market penetration. Sustained top-line traction supports scale economies, retailer and platform leverage, and funds marketing/product investment over the next several quarters.

Improving and healthy margins

Healthy gross margins (~36.7%) plus a jump in net margin to 5.3% reflect improving pricing, sourcing or product mix. Sustainable margin expansion increases internal cash generation potential and underpins ability to reinvest in brand, product development and distribution.

Moderate leverage with improving ROE

A moderate D/E (~0.51) balances growth financing and financial risk while improving ROE to 7.1% signals better capital efficiency. This capital structure supports expansion without excessive leverage, preserving capacity to raise funds if needed.

Negative Factors

Negative free cash flow

Material negative free cash flow (-196.7M) highlights the company’s inability to convert profits into cash. Over months this limits self-funded expansion, forces reliance on external financing, and increases vulnerability to shifts in working capital or credit conditions.

Operating cash outflows and cash management

A negative operating cash flow versus reported net income points to receivables, inventory or payables mismatches. Persistent cash-management gaps can strain liquidity, raise financing costs, and constrain marketing or inventory investments essential for apparel growth.

Modest equity cushion

An equity ratio near 56% leaves a limited capital buffer against rising liabilities or margin shocks. In a downcycle or with unexpected cost pressures, the balance sheet has less resilience, potentially limiting credit access or forcing dilutive financing.

Nandani Creation Ltd. Business Overview & Revenue Model

Company Description

Nandani Creation Limited, together with its subsidiaries, manufactures, imports, exports, and trades in apparels for men, women, and children in India and internationally. The company offers kurtis, dresses and tunics, tops, palazzos, suit sets, kurta palazzo sets, kurta skirt sets, ethnic tops, pants, patialas, salwar suits, dupattas, jackets, jumpsuits, bottom wears, etc. It also provides sportswear, active wear, daily wears, fashion wears, party wears, wearing apparels, purses, belts, wallets, and other allied goods. The company sells its products under the Jaipur Kurti and Amaiva brand name; and through its own website, jaipurkurti.com, as well as 3 retail stores in Jaipur. Nandani Creation Limited was founded in 2004 and is based in Jaipur, India.

How the Company Makes Money

Nandani Creation Ltd. primarily makes money by selling branded women’s ethnic apparel (notably under the “Jaipur Kurti” brand). Revenue is generated from (1) direct sales of finished garments through retail/distribution channels and (2) online sales via e-commerce marketplaces and/or the company’s own digital channels (specific channels not available: null). Earnings are driven by product volume, pricing/discounting, brand positioning in the women’s ethnic-wear segment, and the company’s ability to manage sourcing/manufacturing and inventory efficiently. Information on any material long-term partnerships, licensing arrangements, or customer concentration is not available: null.

Nandani Creation Ltd. Financial Statement Overview

Summary

Strong revenue growth (~54.3% YoY) and improved profitability (net margin up to 5.3%) support the score, but it is constrained by negative free cash flow (-196.7M) and operating cash outflows, which weaken financial flexibility despite moderate leverage (D/E 0.51).

Income Statement

Nandani Creation Ltd. has shown a strong revenue growth rate of approximately 54.3% from 2024 to 2025 and has improved its net profit margin to 5.3% in 2025 from 1.2% in 2024. Gross profit margins remain healthy at around 36.7% in 2025. Despite the positive growth trends, the company needs to maintain stability in EBIT and EBITDA margins, which are currently at 10.2% and 14.8% respectively in 2025.

Balance Sheet

The company's debt-to-equity ratio is 0.51 in 2025, indicating a moderate level of leverage. The return on equity (ROE) improved to 7.1% in 2025, showing better profitability. However, a low equity ratio of 56.4% suggests potential risks if liabilities increase, though it is a slight improvement from previous years.

Cash Flow

Free cash flow remains negative at -196.7 million in 2025, worsened by a significant operating cash outflow. The operating cash flow to net income ratio is negative, reflecting cash management challenges. However, the company has managed to secure financing to support its operations.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	615.44M	696.41M	451.13M	488.82M	626.79M	478.09M
Gross Profit	171.91M	255.45M	178.46M	213.71M	225.74M	214.07M
EBITDA	66.13M	102.93M	47.72M	38.87M	28.89M	50.48M
Net Income	16.26M	37.11M	5.46M	1.10M	4.98M	16.05M
Balance Sheet
Total Assets	1.14B	927.07M	697.38M	481.46M	431.48M	338.32M
Cash, Cash Equivalents and Short-Term Investments	5.62M	5.89M	3.51M	35.83M	2.87M	3.37M
Total Debt	288.81M	278.02M	264.67M	151.07M	174.76M	96.86M
Total Liabilities	490.04M	404.32M	398.71M	191.50M	273.55M	184.64M
Stockholders Equity	651.67M	522.75M	298.67M	289.96M	157.93M	153.67M
Cash Flow
Free Cash Flow	-116.88M	-196.69M	-77.26M	-23.14M	-67.92M	12.61M
Operating Cash Flow	-109.74M	-189.11M	-67.81M	-12.35M	-31.84M	16.88M
Investing Cash Flow	-2.78M	-7.42M	-53.50M	-32.06M	-33.16M	-5.30M
Financing Cash Flow	113.22M	198.54M	88.78M	77.25M	65.98M	-11.34M

Nandani Creation Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 27.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JAIPURKURT, the sentiment is Negative. The current price of 27.01 is below the 20-day moving average (MA) of 31.89, below the 50-day MA of 35.35, and below the 200-day MA of 37.01, indicating a bearish trend. The MACD of -1.87 indicates Positive momentum. The RSI at 33.46 is Neutral, neither overbought nor oversold. The STOCH value of 16.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JAIPURKURT.

Nandani Creation Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BLBLIMITED	74 Outperform	₹898.71M	2.17	―	―	-19.34%	14.87%
KHAITANLTD	66 Neutral	₹453.67M	9.79	―	―	45.19%	41.70%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
JAIPURKURT	60 Neutral	₹546.38M	54.59	―	―	37.68%	-67.76%
BANG	44 Neutral	₹474.60M	68.10	―	―	25.07%	―
NKIND	40 Underperform	₹430.91M	-12.42	―	―	-31.23%	-9236.29%

Nandani Creation Ltd. Corporate Events

Nandani Creation Shuts Trading Window Ahead of December-Quarter Results

Nandani Creation Limited has announced the closure of its trading window for equity shares from 1 January 2026 until 48 hours after the declaration of its standalone and consolidated unaudited financial results for the quarter ended 31 December 2025. The move, in line with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct, restricts directors, designated employees, and their immediate relatives from dealing in the company’s shares during this period, underscoring ongoing efforts to strengthen governance and ensure fair disclosure ahead of its next financial results, with the exact board meeting date to be communicated in due course.