Designs, manufactures and sells branded kidswear under the DOREME label, transitioning in FY26 from a contract garment maker to a branded apparel player. Sales run through a B2B distributor network across 26 states, a small base of exclusive brand outlets, a direct-to-consumer website launched in Q4 FY26, and quick-commerce tie-ups including BigBasket in four cities. The range covers woven garments and infant wear, with an in-house Japanese embroidery facility commissioned and a newborn gift-set line launched in 2026. The company is acquiring a 51% stake in Infinia Lifestyle, an athleisure brand that posted turnover of about ₹30.31 cr in FY26, for a combined cash and share-swap consideration of ₹57.12 cr, marking entry into men's and women's athleisure alongside kidswear. A 2 lakh sq ft greenfield plant in Vasundhara is being planned at ₹50 cr capex to support growth, targeted to be operational by end-FY28. The biggest cost is materials at 32.1% of revenue in FY26, followed by employees at 13.4%; capex ran at 8.8% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Branded kidswear (DOREME), Newborn gift sets, Athleisure (Infinia, post-acquisition). Branded apparel with in-house manufacturing transitioning from contract garment making to multi-channel branded retail.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 112 | 113 | 122 | 146 | 191 |
| EBITDA (ex other income) | 21 | 19 | 26 | 28 | 29 |
| margin % | 19.1 | 17.2 | 21.6 | 19.1 | 15.3 |
| Owners' profit | 10 | 8 | 12 | 13 | 16 |
| EPS, as reported (₹) | 6.22 | 5.06 | 1.50 | 1.61 | 0.85 |
| ROE % · ROCE % | — · — | 14.5 · 22.6 | 17.7 · 26.1 | 15.9 · 23.5 | 11.4 · 16.1 |
| Debt / equity (x) | — | 0.50 | 0.50 | 0.46 | 0.14 |
| Cash from operations | 1 | 1 | 2 | 3 | (7) |
| Capex | (5) | (2) | (3) | (1) | (17) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 41 | 33 | 40 | 37 | 44 | 49 | 60 | 47 |
| Profit before tax | 5 | 3 | 6 | 4 | 5 | 4 | 9 | 5 |
| Net profit | 4 | 2 | 4 | 3 | 4 | 3 | 6 | 4 |
| EPS (₹) | 0.47 | 0.29 | 0.55 | 0.14 | 0.44 | 0.16 | 0.34 | 0.21 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PAGE INDUSTRIES LTD | 39,474 | 52.2 | 26.27 | — | 50.8 | 58.6 | — | 21.1 |
| ARVIND LIMITED | 15,120 | 36.5 | 3.65 | 15.8 | 10.3 | 11.9 | 12.9 | 9.4 |
| GOKALDAS EXPORTS LTD. | 5,773 | 56.0 | 2.67 | 15.3 | 4.6 | 6.0 | 26.9 | 12.1 |
| PEARL GLOBAL IND LIMITED | 5,506 | 17.7 | 3.83 | 11.0 | 18.8 | 16.8 | 27.5 | 11.2 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Preferential issue of 77.08 lakh shares to promoters allotted | fund raising | high | — | — |
| 29 Aug 2026 · Iris Clothings 15th AGM scheduled on 21 Sept 2026 via video conferencing | compliance | minimal | — | — |
| 28 Aug 2026 · Iris Clothings 15th AGM on September 21, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 25 Aug 2026 · NSE in-principle approval for preferential issue of 77 lakh shares | fund raising | high | — | — |
| 3 Aug 2026 · Preferential share issue resolution passed at EGM | board shareholder meetings | low | — | — |
| 3 Aug 2026 · EGM held; preferential equity share issue for Infinia Lifestyle investment considered | board shareholder meetings | low | — | — |
| 1 Aug 2026 · Iris Clothings AGM notice and annual report email update for shareholders | compliance | minimal | — | — |
| 28 Jul 2026 · Iris Clothings Q1 FY27 net profit rises 52% YoY to Rs 4.01 cr | compliance | minimal | — | — |
| 28 Jul 2026 · Link to Q1FY27 earnings call recording shared with exchange | investor communications | low | — | — |
| 28 Jul 2026 · Iris Clothings Q1FY27: Net Profit up 53% YoY at Rs 401 lakhs | compliance | medium | — | — |
| 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 |
| LUX INDUSTRIES LIMITED |
| 3,443 |
| 32.3 |
| 1.89 |
| 19.2 |
| 5.8 |
| 7.3 |
| 8.4 |
| 8.2 |
| KEWAL KIRAN CLOTHING LTD | 3,051 | 20.6 | 2.73 | 11.2 | 13.6 | 16.6 | 32.0 | 24.0 |
| S. P. APPARELS LIMITED | 2,582 | 24.5 | 2.75 | 12.4 | 10.7 | 14.2 | 19.3 | 15.9 |
| KITEX GARMENTS LTD | 2,473 | — | 2.00 | 36.2 | (1.1) | 0.3 | 7.9 | 11.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 53.9 | 17.7 | 34 of 39 | 13% |
| P/B | 8.3 | 1.6 | 33 of 35 | 6% |
| ROCE | 14.4 | 8.4 | 11 of 44 | 77% |
| ROE | 11.4 | 5.8 | 11 of 37 | 72% |
| Debt / Equity | 0.1 | 0.3 | 11 of 37 | 72% |
| EBITDA margin | 17.1 | 10.4 | 8 of 35 | 79% |
| Revenue growth | 26.3 | 7.9 | 8 of 37 | 81% |
| Profit growth | 52.5 | 6.8 | 9 of 37 | 78% |
| Market cap | 1179 | 158 | 12 of 44 | 74% |
| 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 |
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.
