BSE: 544373
NAPS Global India Limited
Operates as a garment manufacturer and trader, with activities spanning manufacturing, trading, importing, and exporting of fabrics, readymade garments, fashion wear, and accessories. The business was listed on the BSE SME platform on March 11, 2025 after raising roughly Rs. 10.88 crore through an IPO of 13.2 lakh equity shares at Rs. 90 per share, with Rs. 9.19 crore earmarked for working capital and Rs. 1.69 crore for general corporate purposes. In late December 2025, the company acquired a 90.91% stake in Mercaze Private Limited for Rs. 1 crore and a 99.33% stake in Purple Impex India Private Limited for Rs. 1.50 crore; both subsidiaries are in the textile and garment trading/import-export space, marking the first year of consolidated reporting in FY26. Consolidated revenue for FY26 stood at Rs. 13,519.51 lakhs with consolidated PAT of Rs. 158.92 lakhs, while standalone revenue was Rs. 5,541.07 lakhs with standalone PAT of Rs. 196.13 lakhs. The company also incorporated a wholly-owned subsidiary, NAPS Global HK Limited, in Hong Kong on March 13, 2026 to target overseas markets, though it has not yet started operations. Trade receivables rose sharply to Rs. 2,659.58 lakhs and short-term borrowings increased to Rs. 1,074.09 lakhs by FY26 year-end. The registered office was shifted within Mumbai from Kalbadevi Road to Malad West effective June 29, 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Garment manufacturing and trading, Textile trading, import-export and distribution (via subsidiaries Mercaze and Purple Impex). Small-cap garment manufacturing and trading business, recently listed on BSE SME, expanding via domestic subsidiary acquisitions and a new Hong Kong WOS
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 134 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 3.58 |
| ROE % · ROCE % | — · 11.8 |
| Debt / equity (x) | — |
| Cash from operations | 1 |
| Capex | (0) |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q4 FY26 |
|---|---|
| Revenue | 0 |
| Profit before tax | 0 |
| Net profit | — |
| EPS (₹) | 0.00 |
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. | 35,410 | 38.8 | 6.21 | 25.6 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,311 | 73.9 | 4.08 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,333 | 16.6 | 1.35 | 11.0 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,018 | 27.7 | 2.31 | 13.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,338 | 55.3 | 3.54 | 20.1 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,621 | 36.8 | 5.63 | 23.8 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,197 | 22.0 | 2.79 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,161 | 68.6 | 2.22 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | 11.5 | 4.3 | 46 of 215 | 79% |
| Market cap | 33 | 59 | 141 of 223 | 37% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 10 Oct 2026 · Reg 74(5) certificate for Q2 FY27 from registrar | compliance | minimal | — | — |
| 29 Sept 2026 · 12th AGM voting results: both resolutions passed unanimously | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Promoter Ansh Jain buys 43,200 shares via open market | ownership changes | medium | — | — |
| 25 Sept 2026 · 12th AGM held; FY25 accounts adopted, director re-appointed | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 ahead of H2 results | compliance | minimal | — | — |
| 22 Sept 2026 · Promoter Ansh Jain buys 52,800 shares of NAPS Global India via open market | ownership changes | medium | — | — |
| 31 Aug 2026 · Newspaper clippings filed for 12th AGM notice | compliance | minimal | — | — |
| 29 Aug 2026 · Book Closure Sep 18 to Sep 24, 2026 for 12th AGM on Sep 25, 2026 | compliance | minimal | — | — |
| 29 Aug 2026 · Annual Report FY26 and 12th AGM Notice - Sept 25, 2026 | board shareholder meetings | medium | — | — |
| 29 Aug 2026 · Notice of 12th AGM on September 25, 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.