BSE: 544331
Davin Sons Retail Limited
Operates multi-brand retail of apparel, footwear, and toys through the 'Houz of Tags' store chain, with a garments segment driving the bulk of sales. Store formats include a multi-brand factory outlet at Sector 31 Huda Market, Gurugram (menswear, womenswear, kids' clothing, and toys) and a dedicated multi-brand footwear store at M3M Urbana, Sector 67, Gurugram, featuring Reebok, Crocs, Skechers, and Adidas. The company has signed MOUs with Skechers, Reebok, Adidas, New Balance, and Crocs to set up additional multi-brand outlets in agreed territories, and an MOU with Jalandhar Leather India to take a shop on rent in Model Town, Jalandhar. FY26 revenue is reported at Rs 815.57 lakhs in one filing, against Rs 13.527 crore in FY25. Listed on the BSE SME platform, paid-up capital and net worth are below the thresholds that trigger heavier SEBI compliance. Employee cost and other operating expenses each run at 7.6% of revenue, and capex at 6.7% — primarily for new store rollouts. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Garments, Footwear retail, Toys and other retail. Asset-light, small-cap multi-brand retail roll-out
Exhibit 1: Financial summary, FY25–FY25 (all audited; no estimate years)
| ₹ crore · standalone | FY25 |
|---|---|
| Revenue | 14 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 4.12 |
| ROE % · ROCE % | — · 15.1 |
| Debt / equity (x) | — |
| Cash from operations | (1) |
| Capex | (1) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q4 FY25 | Q2 FY26 |
|---|---|---|
| Revenue | 7 | 4 |
| Profit before tax | 1 | 1 |
| Net profit | — | — |
| EPS (₹) | 2.10 | 1.07 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PAGE INDUSTRIES LTD | 38,604 | 51.1 | 25.69 | — | 50.8 | 58.6 | — | 21.1 |
| ARVIND LIMITED | 13,061 | 31.5 | 3.15 | 13.8 | 10.3 | 11.9 | 12.9 | 9.4 |
| PEARL GLOBAL IND LIMITED | 5,526 | 17.8 | 3.84 | 11.0 | 18.8 | 16.8 | 27.5 | 11.2 |
| GOKALDAS EXPORTS LTD. | 4,638 | 45.0 | 2.15 | 12.6 | 4.6 | 6.0 | 26.9 | 12.1 |
| LUX INDUSTRIES LIMITED | 3,465 | 32.5 | 1.90 | 19.3 | 5.8 | 7.3 | 8.4 | 8.2 |
| SBC EXPORTS LIMITED | 3,161 | 78.1 | 39.42 | 71.5 | 31.5 | 28.3 | — | 13.9 |
| KEWAL KIRAN CLOTHING LTD | 2,573 | 17.4 | 2.30 | 9.3 | 13.6 | 16.6 | 32.0 | 24.0 |
| KITEX GARMENTS LTD | 2,261 | — | 1.83 | 34.1 | (1.1) | 0.3 | 7.9 | 11.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 3.3 | 16.7 | 2 of 37 | 97% |
| Market cap | 7 | 150 | 43 of 44 | 2% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · No investor complaints in Q2 FY27, says Davin Sons Retail | compliance | minimal | — | — |
| 6 Oct 2026 · Routine SEBI compliance filing: Q2 FY27 demat remat certificate | compliance | minimal | — | — |
| 2 Oct 2026 · 4th AGM voting results: both resolutions passed | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Davin Sons Retail holds 4th AGM; adopts FY26 results, reappoints director | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 4th AGM held on Sept 30, 2026; two ordinary resolutions passed via e-voting | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed ahead of Q2 and H1 FY26 results | compliance | minimal | — | — |
| 10 Sept 2026 · Davin Sons Retail 4th AGM set for Sept 30, 2026 via video conferencing | compliance | minimal | — | — |
| 8 Sept 2026 · Notice of 4th AGM on September 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 8 Sept 2026 · AGM Notice - 4th AGM on Sep 30, 2026 via Video Conferencing | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Davin Sons Retail 4th AGM notice on Sept 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.