NSE: DONEAR · BSE: 512519
DONEAR IND. LIMITED
Makes and sells textile products, which generated 792.823 crore in revenue with EBIT of 100.735 crore and accounted for 99.2% of segment revenue in the period ending 2024-03-31. A rental business contributed the remaining 0.8% of segment revenue at 6.3201 crore, with EBIT of 2.0064 crore. Total revenue stood at 912.4746 crore in FY26 with net profit of 43.432 crore and EBITDA margin of 11.37%. Materials are the largest input cost at 40.1% of revenue, followed by other operating expenses at 28.0% and employee costs at 11.0%. Bank facilities include 335.11 crore in working capital limits, 17.05 crore in non-fund-based limits, and 13.81 crore in term loans, and India Ratings upgraded the credit rating to IND BBB+/Stable/IND A2+. The rating filing notes EBITDA margin rose to 11.81% in 9MFY26 from 9.26% in FY25, while working capital utilisation ran at 97.57% of sanctioned limits. Filings flag risks from shifting consumer preference toward readymade garments and raw material price volatility. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textiles (99%), Rental Business (1%). Asset-heavy textile manufacturer
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 799 | 914 | 912 |
| EBITDA (ex other income) | 81 | 83 | 88 |
| margin % | 10.1 | 9.1 | 9.6 |
| Owners' profit | 35 | 0 | 0 |
| EPS, as reported (₹) | 6.67 | 6.13 | 8.35 |
| ROE % · ROCE % | 17.0 · 30.9 | 13.6 · 27.9 | 15.7 · 28.6 |
| Debt / equity (x) | 1.65 | 1.66 | 1.54 |
| Cash from operations | 71 | (1) | 16 |
| Capex | (21) | (27) | (13) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 210 | 247 | 258 | 196 | 237 | 240 | 239 | 212 |
| Profit before tax | 13 | 15 | 4 | 12 | 20 | 20 | 7 | 16 |
| Net profit | 11 | 11 | 2 | 9 | 12 | 17 | 5 | 11 |
| EPS (₹) | 2.03 | 2.10 | 0.31 | 1.69 | 2.38 | 3.37 | 0.99 | 2.17 |
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. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.0 | 16.8 | 50 of 179 | 73% |
| P/B | 1.5 | 1.1 | 113 of 185 | 39% |
| ROCE | 18.9 | 4.3 | 19 of 215 | 92% |
| ROE | 15.7 | 4.7 | 22 of 188 | 89% |
| Debt / Equity | 1.5 | 0.4 | 160 of 188 | 15% |
| EBITDA margin | 12.1 | 9.8 | 79 of 198 | 60% |
| Revenue growth | 8.1 | 6.9 | 91 of 192 | 53% |
| Profit growth | 27.9 | 20.0 | 94 of 203 | 54% |
| Market cap | 419 | 61 | 45 of 223 | 80% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Routine filing of dematerialisation confirmation certificate for Q2 FY27 | compliance | minimal | — | — |
| 29 Sept 2026 · Donear Industries 40th AGM: All 5 Resolutions Passed | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Donear Industries 40th AGM: All 5 resolutions passed, Rs 0.20 dividend declared | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Donear AGM 2026: 5 resolutions passed, Rs 0.20 dividend declared | compliance | minimal | — | — |
| 26 Sept 2026 · Donear Industries 40th AGM: All 5 resolutions passed, dividend declared | board shareholder meetings | medium | — | — |
| 22 Sept 2026 · Trading window closes from Oct 1, 2026 for Q2 results | compliance | minimal | — | — |
| 8 Sept 2026 · NSE seeks clarification from Donear Industries on Q1 FY27 results | compliance | medium | — | — |
| 2 Sept 2026 · Donear Industries 40th AGM Notice Published; E-voting from Sep 23 to 25 | compliance | minimal | — | — |
| 2 Sept 2026 · AGM notice and Annual Report FY 2025-26 web-link shared | general | low | — | — |
| 2 Sept 2026 · Annual Report 2025-26 web link sent to members; 40th AGM on Sep 26, 2026 | compliance | minimal | — | — |
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.