NAMAN

Naman Industries Proxima Limited

Listed company · ISIN INE0RJM01010 · NSE SM · FV ₹10
Last price
₹43
-0.58%today
What this company does

Naman Industries Proxima Limited is a listed company. It booked ₹143 cr of revenue in its latest year (FY26) and kept -1.6% of sales as profit.

41out of 100
Equitytale Health Score
Strained

Healthier than 41% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,387–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns19

How much profit it earns on the money it employs

Balance sheet31

How much it owes, and whether earnings cover the interest

Cash quality13

Whether reported profit actually arrives as cash

Valuation82

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
✓ Promoters hold 59%
✓ No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -1.6% net margin
! Low -3.5% return on equity
! Operating cash flow is negative

What if I invest in NAMAN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest full year + price
₹43▼ -0.58%
latest close · 2026-11-04
52-wk low ₹3760 sessions so far52-wk high ₹51
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio0.85Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-3.5%Loss
WeakFairStrong ▸15%
Return on capital-0.4%Loss
WeakFairStrong
Net margin-1.6%Loss
ThinDecentStrong
EBITDA margin-0.2%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.38Comfortable
LowModerateHigh ▸1
Interest cover-0.1×Risky
RiskyOkayStrong ▸5×
Current ratio1.54Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹56 cr
Book value
₹51
EPS
₹-1.75
latest full year
Net debt
₹24 cr
owes more than its cash
Enterprise value
₹80 cr
EBITDA
₹-34.7 L
latest full year
EBIT
₹-34.7 L
latest full year
Operating margin
-0.2%
Return on assets
-1.7%
Earnings yield
—
P/S
0.39
Sales / share
₹109.1
Tax rate
—
Face value
₹10
Shares
1.3 cr
Working capital
₹26 cr
Current assets
₹75 cr
Current liabilities
₹49 cr
Delivery %
90.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are from the latest full-year results; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · FY26 (consolidated)
Revenue from Operations₹143 cr
Other Income₹2 cr
Total Income₹144 cr
Cost of Materials₹82 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹4 cr
Employee Benefit Expense₹11 cr
Finance Costs₹3 cr
Other Expenses₹44 cr
Total Expenses₹147 cr
Profit before Tax₹-3 cr
Tax Expense₹-69.9 L
Net Profit₹-2 cr
Net margin on total income-1.6%
Where the money goes · FY26
% of total spend
Materials + stock-in-trade₹86 cr58.3%
Employee benefit expense₹11 cr7.7%
Finance costs₹3 cr1.8%
Other expenses₹47 cr32.2%
Total income ₹144 cr

The company made a net loss of ₹2 cr this year — income covered only ₹98 of every ₹100 it spent on costs and tax.

Annual results · consolidated (₹ cr)
MetricFY25FY26
Revenue156 cr143 cr
Total income157 cr144 cr
Expenses149 cr147 cr
Profit before tax9 cr-3 cr
Tax2 cr-69.9 L
Net profit (owners' share)6 cr-2 cr
Net margin (owners' share, on revenue)4.0%-1.6%
EPS (₹)5.34-1.75
YoY (latest year): total income -8.2% · net profit —
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹134 cr
Shareholder equity
₹66 cr
parent shareholders
Total debt
₹25 cr
Cash
₹1 cr
Cash flow · H1 FY25
Operating
₹-24 cr
Investing
₹-45.4 L
Financing
₹-1 cr
Who owns it · 2026-09-30
No pledge
Promoter
58.9%
FII / Foreign
0.7%
DII / Domestic
—
Retail / others
40.3%
Promoter stake down 14.1% over the last 5 quarters.
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Sep 2026
See the official result
1
TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED 31ST MARCH 2026, TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON
Backed by 100% of shareholders other than promotersneeded 50%
62,400 votes for, 0 against
2
TO APPOINT A DIRECTOR IN PLACE OF MR. ABDUL SHAHID SHAIKH (DIN: 08881850), WHOLE-TIME DIRECTOR, WHO RETIRES BY ROTATION AT THIS ANNUAL GENERAL MEETING AND, BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT
Backed by 100% of shareholders other than promotersneeded 50%
62,400 votes for, 0 against
3
TO APPOINT A DIRECTOR IN PLACE OF MS. FORAM RUPIN DESAI (DIN: 08768092), WHOLE-TIME DIRECTOR, WHO RETIRES BY ROTATION AT THIS ANNUAL GENERAL MEETING AND, BEING ELIGIBLE, OFFERS HERSELF FOR RE-APPOINTMENT
Backed by 100% of shareholders other than promotersneeded 50%
62,400 votes for, 0 against
4
TO CONSIDER AND APPROVE THE MATERIAL RELATED PARTY TRANSACTIONS (“RPT”)
Promoters had a personal stake in this
Backed by 15% of shareholders other than promotersneeded 50%
9,600 votes for, 52,800 against
8
TO CONSIDER AND APPROVE THE PAYMENT OF REMUNERATION TO MR. JAY JITENDRA SHAH (DIN: 07223478), AS WHOLE-TIME DIRECTOR OF THE COMPANY FOR A TERM OF 3 (THREE) YEARS
⚑ Passed only because promoters voted yesPromoters had a personal stake in this
Backed by 15% of shareholders other than promotersneeded 75%
9,600 votes for, 52,800 against
10
TO CONSIDER AND APPROVE THE PAYMENT OF REMUNERATION TO MS. FORAM RUPIN DESAI (DIN: 08768092), AS WHOLE-TIME DIRECTOR OF THE COMPANY FOR A TERM OF THREE YEARS
⚑ Passed only because promoters voted yes
Backed by 15% of shareholders other than promotersneeded 75%
9,600 votes for, 52,800 against
12
TO CONSIDER AND APPROVE THE PAYMENT OF REMUNERATION TO MR. ABDUL SHAHID SHAIKH (DIN: 08881850), AS WHOLE-TIME DIRECTOR OF THE COMPANY FOR A TERM OF THREE YEARS
⚑ Passed only because promoters voted yesPromoters had a personal stake in this
Backed by 15% of shareholders other than promotersneeded 75%
9,600 votes for, 52,800 against
14
TO CONSIDER AND APPROVE THE PAYMENT OF REMUNERATION TO MR. MEHUL DIPAKBHAI NAIK (DIN: 08881884), AS WHOLE-TIME DIRECTOR OF THE COMPANY FOR A TERM OF THREE YEARS
⚑ Passed only because promoters voted yesPromoters had a personal stake in this
Backed by 15% of shareholders other than promotersneeded 75%
9,600 votes for, 52,800 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 58.9% between them · as of 2026-09-30
JAY JITENDRA SHAH19.45%
RAJU MATHURDAS PALEJA12.67%
ABDUL SHAHID SHAIKH9.72%
MEHUL DIPAKBHAI NAIK6.78%
BHAVIKA RAJU PALEJA5.89%
DIPTI MEHUL NAIK2.95%
MAHI RAJU PALEJA1.47%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹35 cr raised in Oct 2024 by selling shares to selected investors

As of Sep 2026, the company says it has spent 71% of what it set aside, leaving ₹10 cr still to be spent.

General Corporate Purpose
100%
₹9 cr of ₹9 cr
Working Capital
62%
₹17 cr of ₹26 cr
Spent by quarter: 71% → 71% → 100% → 71% (to Sep 2026)
₹25 cr raised in Mar 2024 by selling shares to the public

As of Sep 2026, the company says it has spent 56% of what it set aside, leaving ₹11 cr still to be spent.

Funding capital expenditure to acquire land on leasehold basis at Butibori, MIDC Industrial area, Nagpur, Maharashtra and proposes to shift the existing manufacturing facilities of the Company
now filed as: Funding of capital expenditure for purchase of land for setting up a new Manufacturing /Factory Unit in Gat No. 18/2, 31, 32, 33, 34/1, 34/2, 35, 36/1, Village Chambale, Taluka Wada, Dist. Palghar, Maharashtra 421312
originally ₹5 cr
budget changed
100%
₹5 cr of ₹5 cr
Construction of factory building at Butibori MIDC Industrial area, Nagpur, Maharashtra
now filed as: Construction of factory building at Village Chambale Taluka Wada
originally ₹12 cr
budget changed
0%
₹0 cr of ₹11 cr
General Corporate Purposes
now filed as: General Corporate Purposes
97%
₹6 cr of ₹6 cr
Issue related expenses
100%
₹3 cr of ₹3 cr
NA
now filed as: Stamp Duty, Registration & Other Statutory Expenses
originally ₹0 cr
budget changed
100%
₹37.2 L of ₹37.2 L

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.