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E-Land Apparel Ltd (ELAND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532820 NSE: ELAND Textile | Small Cap | E-Land Apparel Share Price

₹13.88 0.38 (2.81%)

As on 10-Jun'26 16:59

E-Land Apparel Ltd (ELAND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532820 NSE: ELAND Textile | Small Cap | E-Land Apparel Share Price

₹13.88 0.38 (2.81%)

As on 10-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹67 Cr.
Current Price
₹13.9
52-Week Low / High
₹10 / 32
TTM EPS
₹-9.9
TTM Sales
₹261 Cr.
Book Value per Share
₹-116.9
P/E Ratio
0.00
Industry PE
35.8
Price to Book (P/B)
-0.12
Lower than its 5-year historical median
Price to Sales (P/S)
0.26
Higher than its 5-year historical median
EV/EBITDA
-10.43
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
0.00%
Underperforms industry median
Return on Assets (ROA)
6.75%
Operating Profit Margin
5.9%
Net Profit Margin
4.55%
Gross Profit Margin
5.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
39.46%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
49.37%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
65.84%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-609 Cr.
Equity
₹48 Cr.
Face Value
₹10
All Time Low / High
₹2.87 / 114.90

E-Land Apparel stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is E-Land Apparel Ltd a good quality company?
E-Land Apparel Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does E-Land Apparel Ltd performance compare with that of its Peers?
Q.1 Revenue growth of E-Land Apparel Ltd vs industry peers?
E-Land Apparel Ltd revenue CAGR is 15.00%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of E-Land Apparel Ltd?
Promoters hold 65.84% of the E-Land Apparel Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of E-Land Apparel Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -8.2% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
E-Land Apparel Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -12.8%-69.2%0%0%0%0%0%0%0%0%-
Value Creation
Index
NANANANANANANANANANA-

Growth Parameters

Sales 235215184172149121178230215300261
Sales YoY Gr.--8.2%-14.8%-6.3%-13.2%-18.8%46.5%29.7%-6.5%39.5%-
Adj EPS -4.3-16.7-11.1-8.7-11-11.1-7.8-8-8.32.4-9.9
YoY Gr.-NANANANANANANANANA-
BVPS (₹) -46.7-20.4-48.9-65.4-76.3-87.3-93.2-95.5-109.9-107-116.9
Adj Net
Profit
-20.5-79.9-53.4-41.7-52.8-53.4-37.4-38.5-39.911.5-47
Cash Flow from Ops. -2.962.122217.514.34.8154.517.714.3-
Debt/CF from Ops. -114.42.10.12310.62.910.32.84.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.8%15%19.2%39.5%
Adj EPS NANANANA
BVPSNANANANA
Share Price -7.9% 14.3% 31.8% -36.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
11.756.332.115.415.913.998.88.3-2.48.8
Op. Profit
Mgn %
-6.9-20-12.1-2.4-1.8-4.436.75.65.9-10.3
Net Profit
Mgn %
-8.7-37.1-29.1-24.3-35.4-44.1-21-16.7-18.53.8-18.1
Debt to
Equity
-1.5-1.3-0-0.1-0.1-0.1-0.1-0.1-0.1-0.1-
Working Cap
Days
2131861591231251421139710210488
Cash Conv.
Cycle
976836919271292748-28

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales234.55215.34183.50172.02149.35121.22177.58230.25215.39300.39
Operating Expenses + 250.92258.72205.86176.19152.29126.51172.67216.71203.51282.63
Manufacturing Costs42.9436.0927.1321.6022.5018.6930.5338.6335.6760.31
Material Costs108.11113.7793.9080.156353.6981.28105.6992.33127
Employee Cost 65.8066.4861.3952.5354.1740.6745.1753.9158.1072.79
Other Costs 34.0742.3823.4321.9212.6113.4615.6818.4917.4122.54
Operating Profit -16.37-43.38-22.36-4.17-2.94-5.294.9113.5411.8917.76
Operating Profit Margin (%) -7.0%-20.1%-12.2%-2.4%-2.0%-4.4%2.8%5.9%5.5%5.9%
Other Income + 4.120.904.554.053.133.285.422.157.119.95
Exceptional Items 00-36.1100011.44000
Interest 3.8334.0722.4139.4548.2346.8146.5450.9653.9211.85
Depreciation 2.593.662.091.944.394.183.834.604.905.58
Profit Before Tax -18.67-80.21-78.42-41.52-52.43-53-28.60-39.86-39.8310.27
Tax 000000000-3.39
Profit After Tax -18.67-80.21-78.42-41.52-52.43-53-28.60-39.86-39.8313.66
PAT Margin (%) -8.0%-37.3%-42.7%-24.1%-35.1%-43.7%-16.1%-17.3%-18.5%4.6%
Adjusted EPS (₹)-3.9-16.7-16.3-8.7-10.9-11.0-6.0-8.3-8.32.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of E-Land Apparel - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + -185.81-98.04-234.73-306.45-358.58-411.37-418.55-458.48-498.53-484.78
Share Capital 47.9947.9947.9947.9947.9947.9947.9947.9947.9947.99
Reserves -233.80-146.03-282.72-354.44-406.57-459.37-466.54-506.47-546.52-532.77
Debt +327.46128.0210.0135.0543.1251.5243.8246.4449.0159.88
Long Term Debt293.6193.4210.0135.0542.7851.4741.5046.4449.0142.37
Short Term Debt33.8534.60000.340.042.320017.51
Minority Interest0000000000
Trade Payables32.0541.4036.0530.2820.9628.7833.7631.0817.7627.46
Others Liabilities 17.7183.80300.33356.32413.65452.68501.81535.86609.23624.82
Total Liabilities 191.41155.18111.66115.19119.15121.61160.83154.91177.48227.38

Fixed Assets

Net Fixed Assets +58.5545.5143.9041.9950.8848.3788.7384.8926.0844.50
Gross Block77.2648.6348.8248.2260.0459.9497.2895.5641.3065.20
Accumulated Depreciation18.723.134.916.229.1611.578.5510.6715.2220.70
CWIP 0001.1917.2720.0600.1300
Investments 0.090.380.240.190.140.370.150.120.010.01
Inventories44.6030.3821.9616.3915.8216.3223.0117.2919.1333.07
Trade Receivables44.5637.4923.0519.3716.7618.2519.8023.0625.4049.55
Cash Equivalents 8.6011.505.6117.492.506.697.8511.8417.143.13
Others Assets 3529.9216.9018.5615.7711.5421.3017.5889.7297.13
Total Assets 191.41155.18111.66115.19119.15121.61160.83154.91177.48227.38

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -2.8662.11222.3917.5314.344.8414.994.5317.7214.34
PBT -18.67-80.21-78.42-41.52-52.43-53-28.60-39.92-39.8310.27
Adjustment 9.2755.2560.5046.1351.7550.7249.0956.1658.8116.75
Changes in Working Capital 6.8687.2240.0712.9215.027.12-5.49-11.71-1.27-12.68
Tax Paid -0.33-0.130.240000000
Cash Flow From Investing Activity + 9.239.0717.3610.41-17.73-3.62-2.84-0.74-6.08-6.08
Capex 2.829.5611.97-0.76-18.17-3.89-3.07-0.85-4.20-10.07
Net Investments 0-15.0510.780.260.2000-33
Others 6.400.510.350.390.180.070.230.111.130.99
Cash Flow From Financing Activity + -18.54-69.23-240.57-25.04-1.093.17-10.990.20-9.34-19.27
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -3.83-4.59-4.320-0.40-0.27-0.47-0.91-3.31-12.21
Dividend Paid 0000000000
Others -14.70-64.64-236.25-25.04-0.683.44-10.521.10-6.03-7.06
Net Cash Flow -12.171.95-0.822.90-4.474.391.163.992.29-11.01

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio1.131.261.381.521.271.011.261.461.31.48
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/A1.05
Working Capital Days
Receivable Days69.1068.7060.204544.2052.7039.103441.1045.50
Inventory Days68.6062.705240.7039.4048.4040.403230.9031.70
Payable Days88117.80150.50151.10148.40169.10140.4011296.6065

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

E-Land Apparel Ltd FAQs

The current trading price of E-Land Apparel on 10-Jun-2026 16:59 is ₹13.88.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of E-Land Apparel stood at ₹66.61 Cr

The latest P/E ratio of E-Land Apparel as of 09-Jun-2026 is 0.00.

The latest P/B ratio of E-Land Apparel as of 09-Jun-2026 is -0.12.

The 52-week high of E-Land Apparel is ₹32.27 and the 52-week low is ₹10.12.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of E-Land Apparel is ₹261 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that E-Land Apparel Ltd is a average quality company.

The key valuation ratios of E-Land Apparel Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of E-Land Apparel Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About E-Land Apparel Ltd

Mudra Lifestyle Limited, a Mudra group company was originally incorporated as Bombay Fine Fabrics Private Limited on March 31, 1997. The name of the company was changed to Mudra Textiles Private Limited with effect from October 10, 2001, to Mudra Textile Limited with effect from. December 1, 2005 and was further changed to Mudra Lifestyle Limited on December 2, 2005.

Murarilal B Agrawal, Ravindra B Agarwal,and Vishwambharlal K Bhoot are the founders of the Mudra group. The group started its business in 1986 in women fabric. In 1997 Mudra Lifestyle was incorporated to carry on the same business. In October 2004, with a view to consolidate business of the Group, East Coast Polytex, a Partnership Firm in the Group engaged in the business of weaving and two other Partnership Firms viz Mudra Exports (India) and Mudra Impex engaged in the business of Garmenting were taken over by Mudra Lifestyle Limited. Further w.e.f April 01, 2005 Picanova Fabrics Private Limited, Mudra Synthetics Private Limited and Venus Processors Private Limited were amalgamated with the Company.

Mudra Lifestyle Limited  made an Initial Public Offer of 9,580,000 equity shares ef Rs. 10 each at a premium of Rs. 88 per share i.e. at a price of Rs. 90 per share for cash aggregating Rs 862.20 million comprising reservation of 4,79,000 equity shares for eligible employees an a competitive basis. Net offer to the public of 9,101,880 equity shares. The Issue opened for subscription on February 8, 2007 and closed for subscription on February 14, 2007.

Mudra Lifestyle boasts of one of the most modern processing and finishing houses in India. We have facilities spread over 9 units. Its state-of-art machinery includes Sulzer, Picanol, Rapier, Vematex & Somet looms. It also has two computer aided design studios to develop numerous designs every day. It has the installed capacity to weave over 12 million metres of grey cloth, process around 30 million metres of grey fabric and make over 1.5 million pieces of garments.

At present the company has 177 automatic looms producing approximately 10.62 million meters of woven fabric per annum and 700 sewing machines with production capacity of 3.15 million garments per annum. Our manufacturing facilities, having area of around 165,888 square feet, are spread across five locations at Bhiwandi (Kalher and Sonale) in Thane district, Bangalore, Daman and Navi Mumbai. Manufacturing facilities are fully backed by the facilities for product development, design studio and efficient sampling infrastructure to provide quality services to its customers in India and abroad.

Product range of the company include:

  • Finished fabric- Mudra Lifestyle develops trendiest designs of fabrics for Shirtings and suitings at its state of the art design studio. The fabrics are then woven using most modern technologies and undergo specialised treatments and processes to provide durability and comfort to the wearer.  It develops trendiest designs of fabrics for shirts, skirts and women's dresses at its state of the art design studio. Special attention is paid to see that kid's fabrics are made durable to withstand the tough wear & tear. 
  • Garments  - Mens Wear -Shirts  - Ladies Wear – Tops, Skirts  - Kids Wear

Different divisions of the company:

  • Weaving Unit- With the use of advanced and sophisticated weaving procedures, Mudra has an excellent translation result of fibre into fabric. The units are equipped with state-of-the-art Sulzer Projectiles, Picanol, Rapier and Vamatex Looms with Electronic Dobby ideally located within the vicinity of Mumbai.
  • Processing Unit- Processing includes Grey Inspection, Singeing, Desizing, Mercerization, Continuous Bleaching, Stenter Finishing, Sanforizing, Calendering, Folding and Quality Inspection. Mudra’s multi-dimensional processing capability begins with quality dyeing, processing and finishing of yarn with a wide range of finishes like Teflon, Hydro-phobic, Hydro-philic, Brushing & Peaching. Mudra’s well-equipped plant can handle upto 2.4 million meters per month of dyeing and finishing of cotton and blenched fabric.
  • Readymades- Mudra has entered into the segment of Garment manufacturing with the aim to integrate its activities. It has garment manufacturing plants in Bangalore and Daman, India. The unit houses has high-tech automated machines, which includes automatic cutting, steam ironing, fusing, high-tech stitching, inter-locking and button stitching for complete garment processing. With an annual capacity of 3.15 million garments, Mudra offers high quality garments for buyers in over 30 countries worldwide. It caters to national brands like Raymonds and Arvind Mills. Some of the international houses Mudra is associated with are Wal-Mart and its brands, like Weekends, George, Non stop, Metropolis and other brands like Tricos, American Juliet & Liver Pool.

Milestones of the company:

  • 1986 The Group commenced the business of woven fabric
  • 1993 East Coast Polytex was formed to start manufacturing facilities for woven fabric at Daman
  • 1997 Mudra Exports (India) was formed to export woven fabric and garment. Mudra Lifestyle Limited was incorporated for undertaking business of woven fabrics.         Mudra Synthetics Private Limited was incorporated for undertaking business of woven fabrics at Sonale in Thane District.
  • 1998 Picanova Fabrics Private Limited was incorporated for undertaking business of woven fabrics at Sonale in Thane District.
  • 2001 Mudra Impex was formed to start manufacturing facilities for garment at Daman and export the same. Acquisition of Venus Processors Private Limited engaged in Processing, printing and dyeing.
  • 2004 Takeover of partnership firms by Mudra Lifestyle LimitedStart of Garmenting Unit at Bangalore.
  • 2005 Awarded contract to Gherzi Eastern Limited for technical appraisal of the Expansion Project
  • 2006 Consolidation of group companies. The company sales cross Rs. 100 crore

Recent developments

Mudra Lifestyle’s weaving division's Mega Expansion Project (Phase I) has been completed and has commenced operation from March 19, 2009. The company has also started the work on Phase II of the project, including the civil work for Phase II, which will be operative in the month of September 2009.

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