Dudani RetailShare price, financial results, shareholding and management
- Market cap
- ₹8 cr
- Stock P/E
- 4.2peers 20.7
- Book value
- ₹9.9
- Price to book
- 0.77
- EV / operating profit
- -
- Market cap to sales
- 0.32
- ROCE · FY26
- 21.0%
- ROE · FY26
- 20.3%
- ROE, 3-year average
- 20.1%
- Operating margin · FY26
- 12.1%peers 10.9%
- Sales growth, 3 years
- 0.6%
- Profit growth, 3 years
- 43.7%
- Debt to equity
- 0.47peers 0.36
- Borrowings
- ₹4.8 cr
- Interest cover
- 8.8×
- Cash from business / op. profit
- -15%
- Debtor days
- 56
- Pledged
- 0.00%
- Promoter holding
- 64.97%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 384
- 52-week high / low
- ₹25 / ₹7
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Dudani Retail share price chart
Close on 6 Nov 2026 · +4.97% on the day · Vol 60,000
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- -66.3%
- Traded a day, 20 days
- ₹0.12 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | -3% | +7% |
| 3 years, a year | +1% | +44% |
About Dudani Retail: business, products and customers
Dudani Retail designs and makes women's ethnic wear, mostly kurtas and suit sets, in Jaipur, and sells it online under its own Divena brand. It also makes clothes for labels owned by a large online fashion store and supplies a quick delivery app. Its shares trade on BSE SME.
The company designs the clothes, purchases fabric, and cuts, stitches and finishes them in a rented unit in Jaipur, sending dyeing, printing, embroidery and handwork to outside job workers. Its own Divena range covers suit sets, kurtas, dresses, sarees, nightwear and lehengas; men's shirts under Millennial Men are bought finished from other makers, and it also trades some grey fabric.
Three kinds of customer bring in the money. Divena is listed on Myntra, Amazon, Flipkart, Ajio, Nykaa Fashion, Tata Cliq and Snapdeal and on the company's own website; a fashion marketplace company orders clothes for its own labels such as Roadster and Anouk Rustic just in time, to its designs; and a quick commerce platform takes goods on the condition that unsold goods can be returned and pays every four days for what it has sold, net of its margin.
Read more about the business
This model shapes the numbers. Selling through marketplaces means commissions, freight and returns sit in costs, and most sales depend on a few platforms. Because the company keeps a large stock of finished clothes, a part of each year's reported profit has come from stock building up rather than from cash collected, and operating cash flow was negative in the last two years.
The prospectus compares it with three listed apparel companies, Nandani Creation, Purple United Sales and Mish Designs, while saying they are not strictly comparable in size or products.
From the Prospectus dated 21 September 2026.
Read the deeper study ↓In its favour
- It earns a high return on the money it uses: ROCE 21% in FY26.
- The promoters own a large part of the company: 64.97%.
To watch
- Whether stock, ₹12.1 cr at March 2026 with holding days of 386, comes down against sales as the company plans (Prospectus, September 2026, p.75).
- Installation of the embroidery machines from issue money during FY27 and whether outsourced job work costs fall (Prospectus, September 2026, p.72 and p.75).
- Repayment of ₹3.0 cr of the Kotak Mahindra Bank cash credit from issue money (Prospectus, September 2026, p.74).
- Results for the half year to September 2026, the first after listing on 5 October 2026 (Exchange notice of listing, 5 October 2026).
- Customers take longer to pay than before: 56 days in FY26, against 42 in FY23.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Dudani Retail revenue and profit growth
Half-yearly results · Profit and lossSales have grown slowly. Last year profit grew faster than sales, so the company kept more from each rupee of sales.
Dudani Retail profit and loss
Full years to March, FY23 to FY26 · ₹ crore, consolidated where reported
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Sales | 24.18 | 25.12 | 25.28 | 24.59 |
| Expenses | 22.90 | 23.31 | 22.42 | 21.62 |
| Operating profit | 1.28 | 1.81 | 2.86 | 2.97 |
| OPM | 5.3% | 7.2% | 11.3% | 12.1% |
| Other income | 0 | 0.01 | 0.01 | 0 |
| Interest | 0.27 | 0.29 | 0.29 | 0.33 |
| Depreciation | 0.15 | 0.18 | 0.11 | 0.08 |
| Profit before tax | 0.86 | 1.35 | 2.47 | 2.56 |
| Tax rate | 25.6% | 26.7% | 27.9% | 25.8% |
| Net profit | 0.64 | 0.99 | 1.78 | 1.90 |
| EPS ₹ | 3.20 | 4.95 | 2.64 | 2.81 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
Dudani Retail profitability
Margins and returns on capitalLast year the company kept about as much from each rupee of sales as the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Operating margin | 5.3% | 7.2% | 11.3% | 12.1% |
| Tax rate | 25.6% | 26.7% | 27.9% | 25.8% |
| ROCE | · | 17.0% | 24.4% | 21.0% |
| ROE | · | 16.2% | 23.7% | 20.3% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
Dudani Retail debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. Its loans are smaller than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Dudani Retail balance sheet
At each 31 March · ₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Equity capital | 2 | 2 | 6.75 | 6.75 |
| Reserves | 3.62 | 4.62 | 1.65 | 3.55 |
| Net worth | 5.62 | 6.62 | 8.40 | 10.30 |
| Borrowings | 3.52 | 3.53 | 4.03 | 4.82 |
| Other liabilities | 2.83 | 0.44 | 1.84 | 1.90 |
| Total liabilities | 11.97 | 10.59 | 14.27 | 17.02 |
| Fixed assets | 0.48 | 0.35 | 0.29 | 0.22 |
| Capital work in progress | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Other assets | 11.49 | 10.24 | 13.98 | 16.80 |
Dudani Retail cash flow
₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Cash from operations | -1.36 | 0.32 | -0.16 | -0.46 |
| Cash from investing | -0.38 | -0.04 | -0.07 | -0.03 |
| Cash from financing | 1.81 | -0.27 | 0.21 | 0.46 |
| Net cash flow | 0.07 | 0.01 | -0.02 | -0.03 |
Working capital
Days
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Debtor days | 42 | 37 | 39 | 56 |
| Inventory days | 413 | 318 | 648 | 648 |
| Days payable | 136 | 0 | 57 | 43 |
| Cash conversion cycle | 318 | 355 | 629 | 660 |
| Working capital days | 81 | 91 | 118 | 158 |
Dudani Retail peers and competitors
Listed SME companies in the same industryBy sales, Dudani Retail is number 55 of the 62 listed SME companies in textiles & apparels.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Avax Apparels and Ornaments | 44 | 14.8 | 41.5 | 3 | 11.5% | 0.43 |
| Rajnandini Fashion India | 26 | 4.4 | 37.1 | 5.9 | 23.9% | 0.82 |
| Riyaasat Lifestyle | 107 | 20.7 | 33.4 | 5.2 | 30.5% | 2.26 |
| C P S Shapers | 262 | 2049.7 | 31.3 | 0.1 | 6.7% | 0.30 |
| Dudani Retail | 8 | 4.2 | 24.6 | 1.9 | 12.1% | 0.47 |
| Jet Knitwears | 21 | 385.4 | 23.4 | 0.1 | 6.8% | 0.59 |
| Sihora Industries | 33 | 34.1 | 18.9 | 1 | 10.4% | 0.09 |
| Vashishtha Luxury Fashion | 16 | 7.8 | 14.3 | 2 | 16.9% | 0.00 |
| Scarnose International | 12 | 1178.2 | 10.1 | 0 | -0.5% | 0.00 |
| Davin Sons Retail | 7 | 9.5 | 8.2 | 0.8 | 17.0% | 0.01 |
| Mish Designs | 13 | - | 8.1 | -1 | -7.7% | 0.43 |
| Median of the 10 others | 24 | 20.7 | 21.1 | 0.9 | 10.9% | 0.36 |
Dudani Retail shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders is about the same.
Dudani Retail shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Sep 26 | Oct 26 | |
|---|---|---|
| Promoters | 64.97% | 64.97% |
| Indian institutions (DIIs) | - | 1.77% |
| Number of shareholders | 384 | 384 |
Dudani Retail study: the business from its own documents
Read from 1 of the company's own documentsDudani Retail key facts from the filings
Each figure with the document it comes from
- FY26 revenue
- ₹24.6 cr
- Down 2.7% from ₹25.3 cr on lower e-commerce volumes; profit after tax rose to ₹1.9 cr from ₹1.8 cr.Prospectus, September 2026, p.101 and p.212
- EBITDA margin
- 12.1%
- In FY26, up from 7.2% in FY24, as manufacturing, commission and freight costs fell.Prospectus, September 2026, p.101 and p.213
- Kurtas and sets
- 94.0%
- Share of FY26 revenue from kurtis, kurtas and kurta sets; fabric trading gave most of the rest.Prospectus, September 2026, p.105
- Online marketplaces
- 70.4%
- Share of FY26 revenue sold through e-commerce platforms, down from 81.8% in FY24; direct offline orders rose to 20.9%.Prospectus, September 2026, p.106
- Largest customer
- 37.4%
- Share of FY26 revenue from one customer, down from 47.5% in FY25; the top ten gave 75.2%.Prospectus, September 2026, p.116
Show 5 more facts
- Stock in hand
- ₹12.1 cr
- Inventory at March 2026, about half of a year's sales; holding days rose to 386 from 199 in FY24.Prospectus, September 2026, p.74 to 75
- Operating cash flow
- ₹-0.46 cr
- In FY26, after ₹-0.16 cr in FY25, as stock kept growing even though profit was reported.Prospectus, September 2026, p.45
- Largest supplier
- 44.2%
- Share of FY26 purchases from one supplier; the top three gave 70.5%, with no long term supply contracts.Prospectus, September 2026, p.23 to 24 and p.116
- Issue raised
- ₹10.5 cr
- 36,36,000 new shares at ₹29; ₹4.0 cr for working capital, ₹3.0 cr to repay a Kotak Mahindra Bank cash credit and ₹0.79 cr for embroidery machines.Prospectus, September 2026, p.71 and p.74
- People
- 33 permanent
- Plus 35 temporary workers in stitching and pressing at August 2026; 47 sewing machines owned.Prospectus, September 2026, p.119 to 120
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The company says its revenue stayed flat for three years mainly because it lacked working capital to purchase in bulk, hold stock and widen its range. With the issue money, all planned for FY27, it intends to install embroidery machines to bring that work in house, repay most of its bank cash credit, and use more working capital to reach middle income buyers with higher volume products, list on more platforms, try offline retail and grow its licensed manufacturing and quick commerce supply. The shares were listed on BSE SME from 5 October 2026.
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Dudani Retail earns its money designing and making women's ethnic wear that is mostly sold through large online marketplaces, and it has made its costs leaner while sales stayed flat.
Its weak spots are a very large stock of clothes that keeps cash tied up, and a heavy reliance on a few platforms and one big customer.
WatchCan it set its own prices?Most sales go through marketplaces that control pricing norms, fees and visibility, and the company says it may not be able to pass on higher fabric costs.
WatchHow strong is it against rivals?Online ethnic wear is crowded, and the company has no shops of its own to build loyalty outside the platforms.
WatchWho are its customers?Shoppers reach it through a handful of platforms, so a few counterparties decide most of the business.
WatchDoes it need a lot of money?Yes: it holds many designs and sizes in stock and pays suppliers quickly, so working capital keeps rising even when sales do not.
AverageCan it keep finding new work?Licensed work and quick commerce supply add new outlets, but their size depends on the platforms' ordering plans.
AverageDo good and bad years swing a lot?Yearly sales have been steady, but sales jump around festive seasons and end of season sales, so quarters can differ a lot.
Who runs Dudani Retail?
Promoters, directors and officers; tap a name for the background
ADAkshay DudaniPromoter and Managing Director · holds 46.79%
A first director since incorporation in 2015, with a Bachelor of Commerce and an MBA from the University of Rajasthan and over ten years in the textile industry. Oversees overall operations, strategy, business development and finance; Managing Director from March 2025 to March 2028, on ₹20 lakh a year.
Prospectus, September 2026, p.135 to 136 and p.138CDCharu DudaniPromoter and Whole Time Director · holds 18.20%
A first director since incorporation, with a Bachelor of Arts and a Master of Journalism and Mass Communication from the University of Rajasthan and more than nine years in textiles. Heads design and administration and approves every sample; the prospectus states Charu Dudani is the spouse of the Managing Director and co-founded the Divena brand.
Prospectus, September 2026, p.106 to 107 and p.135 to 137AKAshok Kumar PingoliyaChief Financial Officer
Holds a Bachelor and Master of Commerce from the University of Rajasthan with more than eleven years in finance and accounting, earlier a senior accountant at Nandani Creation from 2015 to 2022; joined in 2022 and became Chief Financial Officer in September 2025.
Prospectus, September 2026, p.147RSRamgopal SharmaCompany Secretary and Compliance Officer
An associate member of the Institute of Company Secretaries of India with law and commerce degrees and over eight years in secretarial and legal work; joined in September 2025.
Prospectus, September 2026, p.147NYNeetu YadavNon-Executive Director
Holds science and law degrees from the University of Rajasthan and is a designated partner of Sristie Legal Consultant LLP; appointed in September 2025.
Prospectus, September 2026, p.137MSMadhvi SharmaIndependent Director
A practising Company Secretary since 2020 with a Bachelor of Commerce, working on secretarial compliance and advisory matters; appointed in December 2024 for five years.
Prospectus, September 2026, p.137RSRahul SharmaIndependent Director
A fellow member of the Institute of Company Secretaries of India in practice since 2017, with nine years in corporate law and securities compliance; appointed in September 2025 for three years.
Prospectus, September 2026, p.137Dudani Retail latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- Shareholding, 31 Oct 2026: promoters unchanged at 64.97%.
Dudani Retail announcements
5 on record, latest first; each opens the filing on the exchange
- Company UpdateAS ATTACHEDPDF ↗
- Company UpdateAS ATTACHEDPDF ↗
- Company UpdateAS ATTACHEDPDF ↗
- Company UpdateAS ATTACHEDPDF ↗
- New ListingTrading Members of the Exchange are hereby informed that effective from October 05, 2026, the Equity Shares of Dudani Retail Ltd (Scrip Code: 544991) are liste
Dudani Retail annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
Dudani Retail share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Dudani Retail's data · 8
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- iThe shares traded on only 8 days in the past year, so the price, its range and the returns here rest on few trades.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (1,03,90,000 shares).
- !The FY26 results imply 67,50,000 shares at face value ₹10, which disagrees with the shareholding pattern; the pattern is used.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- !Earnings per share changes basis between FY24 (₹4.95) and FY25 (₹2.64) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY23 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Dudani Retail
What does Dudani Retail do?
Dudani Retail designs and makes women's ethnic wear, mostly kurtas and suit sets, in Jaipur, and sells it online under its own Divena brand. It also makes clothes for labels owned by a large online fashion store and supplies a quick delivery app. Its shares trade on BSE SME.
What is the share price of Dudani Retail?
₹7.6 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Dudani Retail?
₹8 cr at the close on 6 Nov 2026, on 1,03,90,000 shares.
What is the P/E of Dudani Retail?
4.2 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Dudani Retail's revenue and profit?
Revenue ₹25 cr and profit after tax ₹2 cr in FY26.
Who are the promoters of Dudani Retail?
Akshay Dudani, Charu Dudani; promoters held 64.97% at 31 Oct 2026.
More SME companies like Dudani Retail
Other listed SME companies in textiles & apparels, the closest in size first, each read from its own documents.
- Ghushine Fintrrade OceanGHUSHINE · BSE SME · Textiles & ApparelsMarket cap ₹10 cr
- Piotex IndustriesPIOTEX · BSE SME · Textiles & ApparelsMarket cap ₹10 cr
- Davin Sons RetailDAVIN · BSE SME · Textiles & ApparelsMarket cap ₹6 cr
- Scarnose InternationalSCARNOSE · BSE SME · Textiles & ApparelsMarket cap ₹12 cr
- Mish DesignsMISHDESIGN · BSE SME · Textiles & ApparelsMarket cap ₹12 cr
- Neelam Linens and Garments (India)NEELAM · NSE Emerge · Textiles & Apparels · listed 2024Market cap ₹13 cr
Built from 1 offer document, 5 exchange announcements, 2 shareholding patterns and 4 years of reported results. Every figure carries its source; where the documents are silent, the page says so.