Naga Dhunseri Group Ltd (NDGL) AI Stock Analysis

• Market Cap: ₹2.56B
• Dividend Yield: 0.09%
• Average Volume (3M): 199.00
• Price to Earnings (P/E): 8.3
• Beta (1Y): 1.15
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 11
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Financial - Capital Markets
• EPS (TTM): -20.06
• Shares Outstanding: 1,000,000
• 10 Day Avg. Volume: 283
• 30 Day Avg. Volume: 199
• PEG Ratio: 6.26
• Price to Book (P/B): 0.32
• Price to Sales (P/S): 6.13
• P/FCF Ratio: -13.34
• 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: 58 Neutral
• Price Target: ₹2,609.00 ▼(-6.95% Downside)

Attractive valuation (low P/E and high dividend yield) supports the score, but it is offset by weak cash-flow quality and a bearish technical setup with price below key moving averages and negative momentum indicators.

Positive Factors

Strong equity base and moderate leverage

A large equity base and relatively low net leverage provide a durable financial buffer that supports operational continuity and strategic optionality. This balance-sheet strength reduces short-term refinancing pressure and gives management flexibility to fund initiatives or withstand shocks over the next several quarters.

Solid profitability in latest annual period

High reported gross and net margins in 2025 indicate the business can generate meaningful operating profits from revenue, supporting internal reinvestment and resilience. If sustained, these margins enhance free-cash potential and competitive positioning over the medium term despite historical volatility.

Lean operating structure (low headcount)

A very small headcount implies a low fixed-cost base and a scalable operating model common in capital-markets businesses. This lean structure can preserve margins, speed decision cycles, and allow incremental revenue growth to flow quickly to the bottom line over coming quarters.

Negative Factors

Negative and inconsistent cash generation

Negative operating and free cash flow in 2025 and an inconsistent multi-year pattern weaken the firm's ability to self-fund growth, service obligations, or repurchase capital. Persistent cash deficits increase reliance on external financing and raise long-term execution and liquidity risk.

Rising debt and low return on equity

An uptick in leverage combined with a low ROE signals that new capital has not efficiently translated into shareholder returns. This dynamic constrains financial flexibility and raises concerns about capital allocation and earnings recovery potential in the medium term.

Volatile revenue and margin history

Material year-to-year swings in revenue and margins reduce predictability of earnings and complicate budgeting, capital allocation, and risk management. For investors and management, this volatility undermines confidence in sustainable cash generation over the next several quarters.

Naga Dhunseri Group Ltd Business Overview & Revenue Model

Company Description

Naga Dhunseri Group Limited operates as a non-banking financial company. It invests in shares and securities; and rents commercial vehicles. The company was incorporated in 1918 and is based in Kolkata, India.

How the Company Makes Money

Naga Dhunseri Group Ltd Financial Statement Overview

Summary

Reported profitability is solid (Income Statement score 62) and leverage remains moderate (Balance Sheet score 64), but cash generation is a major concern (Cash Flow score 38) with negative operating and free cash flow in 2025 and an inconsistent multi-year pattern, reducing earnings quality.

Income Statement

Profitability looks strong on the latest annual period (2025) with high gross and net profit margins and positive revenue growth (~7.7%). That said, results have been volatile across years, with unusually large swings in revenue and margins (including a loss year), which reduces confidence in earnings quality and repeatability.

Balance Sheet

The balance sheet is anchored by a large equity base, and leverage still screens moderate in 2025 (debt is ~0.21x equity). However, debt increased sharply versus prior years (from minimal leverage to meaningfully higher debt), while return on equity in 2025 is relatively low (~2.7%), suggesting the capital base is not being converted into strong shareholder returns.

Cash Flow

Cash generation is the key weak spot: 2025 shows negative operating cash flow and negative free cash flow, a clear deterioration from 2024’s positive cash inflows. The multi-year pattern is inconsistent (several years of negative operating/free cash flow), which raises risk around the reliability of reported profits and the company’s ability to self-fund without balance sheet support.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	-30.78M	678.23M	77.87M	27.88M	17.15M	38.28M
Gross Profit	-36.05M	521.65M	68.41M	19.14M	10.05M	32.55M
EBITDA	211.91M	160.94M	271.81M	725.19M	741.42M	593.02M
Net Income	194.73M	344.94M	338.42M	704.20M	730.32M	571.45M
Balance Sheet
Total Assets	8.15B	18.20B	8.85B	7.22B	6.50B	4.97B
Cash, Cash Equivalents and Short-Term Investments	35.71M	1.52B	2.14B	417.83M	365.71M	314.45M
Total Debt	0.00	2.67B	46.08M	0.00	0.00	43.96M
Total Liabilities	158.52M	4.57B	188.88M	97.76M	92.22M	56.96M
Stockholders Equity	7.99B	12.81B	8.66B	7.13B	6.41B	4.91B
Cash Flow
Free Cash Flow	5.39M	-311.82M	47.29M	-15.02M	44.82M	-75.41M
Operating Cash Flow	5.39M	-222.00M	47.29M	-12.86M	44.83M	-74.11M
Investing Cash Flow	0.00	-64.78M	0.00	-2.16M	-17.91M	-8.27M
Financing Cash Flow	0.00	50.75M	-6.72M	-6.63M	-6.63M	-1.25M

Naga Dhunseri Group Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GROBTEA	70 Outperform	₹1.05B	-129.57	―	0.30%	-20.04%	-104.83%
LAMBODHARA	69 Neutral	₹1.15B	14.26	―	0.42%	13.13%	-2.13%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
JAYSREETEA	61 Neutral	₹2.38B	3.92	―	0.57%	5.48%	816.63%
NDGL	58 Neutral	₹2.56B	8.26	―	0.09%	―	―
FOODSIN	54 Neutral	₹4.43B	14.07	―	0.43%	11.46%	-0.46%