Neelam Linens and Garments (India) Balance Sheet Health

Financial Health criteria checks 3/6

Neelam Linens and Garments (India) has a total shareholder equity of ₹244.0M and total debt of ₹826.9M, which brings its debt-to-equity ratio to 338.9%. Its total assets and total liabilities are ₹1.3B and ₹1.0B respectively. Neelam Linens and Garments (India)'s EBIT is ₹84.9M making its interest coverage ratio 1.6. It has cash and short-term investments of ₹87.6M.

Key information

338.9%

Debt to equity ratio

₹826.88m

Debt

Interest coverage ratio	1.6x
Cash	₹87.57m
Equity	₹244.01m
Total liabilities	₹1.02b
Total assets	₹1.27b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: NEELAM's short term assets (₹1.1B) exceed its short term liabilities (₹492.4M).

Long Term Liabilities: NEELAM's short term assets (₹1.1B) exceed its long term liabilities (₹531.6M).

Debt to Equity History and Analysis

Debt Level: NEELAM's net debt to equity ratio (303%) is considered high.

Reducing Debt: NEELAM's debt to equity ratio has reduced from 458.1% to 338.9% over the past 5 years.

Debt Coverage: NEELAM's debt is not well covered by operating cash flow (0.5%).

Interest Coverage: NEELAM's interest payments on its debt are not well covered by EBIT (1.6x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 08:21
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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Industry and Sector Metrics

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Analyst Sources

Neelam Linens and Garments (India) Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution