---
title: "Namaste Exports Ltd (NAMASTEXP) — Share Price, Financials & Analysis"
symbol: "NAMASTEXP"
company: "Namaste Exports Ltd"
canonical: "https://tapetide.com/stocks/NAMASTEXP"
nse_symbol: "NAMASTEXP"
generated_at: "2026-10-13T10:57:59.403Z"
---

# Namaste Exports Ltd (NAMASTEXP)

Canonical page: https://tapetide.com/stocks/NAMASTEXP

## Company

- **NSE Symbol:** NAMASTEXP
- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** namasteexports.net

## About

Namaste Exports is primarily engaged in the business of manufacture of leather garments.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -31.0% over last 3 years.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 5Y |
| --- | --- | --- |
| net income growth | 66% | 2% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 7.23 | 12.16 | 6.6 | 6.99 | 5.41 | 10.72 | 7.27 | 6.56 | 9.9 | 8.96 | 7.27 | 8.25 |
| Expenses | 8.56 | 9.92 | 8.96 | 9.34 | 7.16 | 9.49 | 9.78 | 7.31 | 8.52 | 10.58 | 9.13 | 8.71 |
| Operating Profit | -1.33 | 2.24 | -2.36 | -2.35 | -1.75 | 1.23 | -2.51 | -0.75 | 1.38 | -1.62 | -1.86 | -0.46 |
| OPM % | -18.4 | 18.42 | -35.76 | -33.62 | -32.35 | 11.47 | -34.53 | -11.43 | 13.94 | -18.08 | -25.58 | -5.58 |
| Other Income | -0.19 | 0.22 | 2.66 | 0.08 | 0.06 | -2.65 | 1.08 | 0.07 | 2.42 | 7.51 | 0.1 | 0.13 |
| Interest | 0.08 | 0.14 | 0.27 | 0.23 | 0.23 | 0.28 | 0.1 | 0.25 | 0.25 | 0.25 | 0.35 | 0.24 |
| Depreciation | 0.15 | 0.15 | 0.42 | 0.17 | 0.16 | 0.17 | 0.24 | 0.18 | 0.21 | 0.12 | 0.14 | 0.16 |
| Profit before tax | -1.75 | 2.17 | -0.39 | -2.67 | -2.08 | -1.87 | -1.77 | -1.11 | 3.34 | 5.52 | -2.25 | -0.73 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 3.95 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -1.75 | 2.17 | -0.39 | -2.66 | -2.08 | -1.87 | -1.84 | -1.1 | 3.34 | 5.53 | -2.26 | -0.74 |
| EPS in Rs | -0.13 | 0.16 | -0.03 | -0.19 | -0.15 | -0.13 | -0.13 | -0.08 | 0.24 | 0.4 | -0.16 | -0.05 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 30.38 | 32.68 | 30.47 | 32.49 | 28.27 | 36.73 | 28.67 | 0 | 0 | 0 |
| Expenses | 35.75 | 35.57 | 34.92 | 35.26 | 30.64 | 32.51 | 26.57 | 0 | 0 | 3.73 |
| Operating Profit | -5.37 | -2.89 | -4.45 | -2.77 | -2.37 | 4.22 | 2.1 | 0 | 0 | -3.73 |
| OPM % | -17.68 | -8.84 | -14.6 | -8.53 | -8.38 | 11.49 | 7.32 | — | — | — |
| Other Income | -1.44 | 10.1 | 1.06 | 0.87 | 0.61 | -1.15 | 0.17 | 0.27 | 32.96 | 1.01 |
| Interest | 0.84 | 1.1 | 1.04 | 1.01 | 1.18 | 0.77 | 1.01 | 0 | 0 | 0.07 |
| Depreciation | 0.73 | 0.65 | 0.66 | 0.21 | 0.12 | 0.11 | 0.11 | 0 | 0 | 0.23 |
| Profit before tax | -8.38 | 5.46 | -5.09 | -3.12 | -3.06 | 2.19 | 1.15 | 0.27 | 32.96 | -3.02 |
| Tax % | 0.84 | 0 | 0 | 0 | 10.78 | 0 | 0 | 0 | 11.38 | -8.61 |
| Net Profit | -8.45 | 5.46 | -5.1 | -3.12 | -3.39 | 2.19 | 1.15 | 0.27 | 29.21 | -2.76 |
| EPS in Rs | -0.61 | 0.39 | -0.37 | -0.22 | -0.24 | 0.16 | 0.08 | 0.02 | 2.1 | -0.2 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 13.93 | 13.73 | 13.73 | 13.73 | 13.73 | 13.73 | 13.73 | 13.73 | 13.73 | 13.33 |
| Reserves | -4.43 | -0.83 | -5.84 | -8.86 | -12.3 | -10.14 | -8.98 | -8.66 | 20.29 | 14.1 |
| Borrowings | 8.56 | 9.83 | 10.14 | 7.18 | 7.26 | 4.26 | 2.72 | 4.71 | 0.11 | 0.17 |
| Other Liabilities | 10.86 | 12.26 | 13.11 | 12.91 | 15.93 | 14.11 | 16.35 | 11.44 | 7.33 | 2.13 |
| Total Liabilities | 28.92 | 34.99 | 31.14 | 24.96 | 24.62 | 21.96 | 23.82 | 21.22 | 41.46 | 29.73 |
| Fixed Assets | 9.17 | 8.3 | 8.06 | 7.42 | 6.15 | 6.75 | 6.84 | 2.83 | 6.77 | 12.26 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.07 | 0.12 | 0.1 | 0.09 | 0.09 | 0.12 | 0.19 | 0.17 | 0.79 | 0.71 |
| Other Assets | 19.68 | 26.57 | 22.98 | 17.45 | 18.38 | 15.09 | 16.79 | 18.22 | 33.9 | 16.76 |
| Total Assets | 28.92 | 34.99 | 31.14 | 24.96 | 24.62 | 21.96 | 23.82 | 21.22 | 41.46 | 29.73 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.82 | -2.16 | -0.17 | -0.9 | -0.73 | 5.59 | 3.47 | -2.76 | -8.55 | -3.52 |
| Cash from Investing Activity | 0.32 | 7.67 | 0.05 | 0.34 | 0.94 | -1.25 | 0.32 | 4.01 | 12.18 | 5.02 |
| Cash from Financing Activity | 1.14 | -1.88 | -0.72 | -3.98 | -1.04 | -3.62 | -2.51 | -1.21 | -0.33 | -3.94 |
| Net Cash Flow | 0.65 | 3.62 | -0.84 | -4.54 | -0.83 | 0.73 | 1.28 | 0.04 | 3.3 | -2.45 |
| Free Cash Flow | -0.84 | 5.11 | -0.6 | -0.87 | -0.11 | 4.26 | 3.72 | 2.76 | 29.26 | -3.69 |
| CFO/OP | 17 | 72 | 3 | 36 | 32 | 132 | 165 | — | — | 94 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 36.88 | 32.61 | 14.97 | 16.29 | 12.27 | 9.44 | 27.12 | — | — | — |
| Inventory Days | 139.73 | 207.71 | 164.62 | 97.32 | 162.42 | 130.29 | 143.98 | — | — | — |
| Days Payable | 124.71 | 171.04 | 169.88 | 160.89 | 237.34 | 131.9 | 197.26 | — | — | — |
| Cash Conversion Cycle | 51.9 | 69.28 | 9.72 | -47.28 | -62.65 | 7.83 | -26.16 | — | — | — |
| Working Capital Days | -87.59 | -61.99 | -104.1 | -89.65 | -127.82 | -62.51 | -96.12 | — | — | — |
| ROCE % | -25.41 | -3.33 | -19.87 | -14.03 | -18.32 | 51.03 | 27.81 | 0.35 | 1.41 | -8.13 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 5 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 27.64 | Sell |
| EMA (10) | 27.14 | Sell |
| SMA (20) | 25.18 | Buy |
| EMA (20) | 25.04 | Buy |
| SMA (50) | 18.79 | Buy |
| EMA (50) | 20.32 | Buy |
| SMA (100) | 14.23 | Buy |
| EMA (100) | 16.2 | Buy |
| SMA (200) | 10.45 | Buy |
| EMA (200) | 13.01 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 62.57 | Neutral |
| MACD (12,26,9) | 2.87 | Sell |
| Stochastic (14,3,3) | 79.1 | Neutral |
| ADX (14) | 41.08 | Buy |
| Williams %R (14) | -31.94 | Neutral |
| ATR (14) | 1.22 | High Volatility |
| ROC (12) | 18.72 | Buy |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 57.04 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2017-11-04 | [Certificate Under Regulation 40(9) For Half Year Ended On 30Th September, 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0de80dfc-c2a0-4c61-8e40-55119f6e8393.pdf) |
| 2017-11-04 | [Certificate Under Regulation 40(9) For Half Year Ended On 30Th September, 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/0de80dfc-c2a0-4c61-8e40-55119f6e8393.pdf) |
| 2017-09-22 | [Financial Results For 30/06/2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=014c54f4-f391-4ab3-ad83-ec54f510dbd0.pdf) |
| 2017-09-22 | [Financial Results For 30/06/2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/014c54f4-f391-4ab3-ad83-ec54f510dbd0.pdf) |
| 2017-09-21 | [Fixes Book Closure for A G M](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=E53F1B99_462D_4729_9E1E_B5F6CAED47A4_112412.pdf) |
| 2017-09-21 | [Fixes Book Closure for A G M](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/E53F1B99_462D_4729_9E1E_B5F6CAED47A4_112412.pdf) |
| 2017-09-20 | [Intimation Pursuant To Regulations 42(2) Of SEBI (LOR) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70fca9da-9f54-4b66-9889-eb7ee468a939.pdf) |
| 2017-09-20 | [Intimation Pursuant To Regulations 42(2) Of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9cf5c893-8a0b-44e0-982f-c1ae8e67d005.pdf) |
| 2017-09-20 | [Intimation Pursuant To Regulations 42(2) Of SEBI (LOR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/70fca9da-9f54-4b66-9889-eb7ee468a939.pdf) |
| 2017-09-20 | [Intimation Pursuant To Regulations 42(2) Of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/9cf5c893-8a0b-44e0-982f-c1ae8e67d005.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-05-13 | Credit rating update — CRISIL |
| 2025-03-11 | Credit rating update — CRISIL |
| 2024-01-31 | Credit rating update — CRISIL |
| 2022-11-15 | Credit rating update — CRISIL |
| 2021-09-27 | Credit rating update — CRISIL |
| 2021-08-20 | Credit rating update — CRISIL |
| 2021-07-23 | Credit rating update — CRISIL |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:57:59.403Z.