R&B Denims Ltd

R&B Denims Ltd. – Company Report


1. Company Overview


R&B Denims Ltd., incorporated in 2010 and headquartered in Surat, Gujarat, is among India’s leading vertically integrated manufacturers of denim fabrics. Launched as a pioneering denim producer in Surat, the company leverages the long-standing experience of its RawatKhedia and Borana promoter groups. R&B Denims is involved in every stage of denim production—spinning, warping, sizing, weaving, dyeing, finishing, and trading—offering both job work services and direct market sales.

With a manufacturing capacity exceeding 30 million meters of denim per year, the company is known for premium, wide-width denims and a focus on innovation, sustainability, and modern textile technology, enabling service to both domestic and international clients across Asia and beyond.

Key Highlights

  • Incorporated: 2010; full-scale operations from 2012
  • Headquarters: Surat, Gujarat
  • Employees: ~325
  • Manufacturing: Vertically integrated, 30+ million meters denim capacity
  • Export/Distribution: Pan-India, Asia, and global garment manufacturers
  • Promoter Groups: RawatKhedia and Borana (30+ years in textiles)
  • Market Cap (Aug 2025): ~₹825–830 crore
  • Leadership: CEO – Amitkumar Anandbhan Dalmia

2. Products and Services


  • Denim Fabrics: Premium and regular 100% cotton, blended, cotton-tencel, organic cotton, power stretch, elastane, polyester, metallic-coated, and colored denims (up to 76 inches wide)
  • Yarn & Specialized Yarns: Ring spun, open end, cotton stretch, multi-count, 2-ply, slub, and organic yarns
  • Weaves and Finishes: Plain, twill, rib stop, satin, dobby, herringbone, honeycomb, broken twill; soft/silky finishes, mercerized, coated, overdyeing, chemical/foam finishes
  • Fabrication: Wet chemical, resin, foam, and mechanical finishes tailored to buyer specifications
  • Custom/Bespoke Denim: Large-volume standard shades & small-lot custom shades
  • Environmental Stewardship: Focus on sustainability via water- and energy-efficient processes and minimized environmental impact throughout production

3. Recent News and Financial Performance


Business Expansion and Strategic Developments

  • April 10, 2025: R&B Denims Ltd. launched commercial garmenting operations at its existing facility, marking a forward integration into jeans and jacket manufacturing. The expansion is part of a broader strategy to enhance margins, enter new segments, and respond to shifts in global sourcing and domestic consumption
    • Initial investment: ₹1.25 crore (machinery, workforce, infrastructure), with plans for scale-up funded by internal accruals or debt
  • April 12, 2025: R&B Denims Ltd has acquired a 67% stake in M/s. Ricon Textile Private Limited for ₹3.35 crore in a related party, arm’s length transaction. The acquisition will make Ricon a subsidiary and aligns with R&B Denims’ strategy to expand into premium textiles.

4. Financial Performance (FY2025)


Metric FY2025 Value
Total Revenue ₹366.78 crore
Net Profit ₹27.47 crore
Operating Profit Margin 12.34%
Net Profit Margin 7.5%
EPS ₹2.44
Dividend No dividend declared

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales2.241.79
EV / EBITDA14.813.98
Debt / Equity0.520.72
ROE %15.8621.26
ROCE %16.4220.08
P / B4.484.15
Div Yld %00.83
P/E29.9924.56
OPM %12.2413.22
Qtr Sales Growth YOY %-19.0117.11
Qtr Profit Growth YOY %6.4318.39
ROA LAST 12M %9.049.91
Prom. Hold. %57.3965.63
Sales 3Yrs CAGR %7.7528.59
Sales 5Yrs CAGR %7.3820.55
Profit 3Yrs CAGR %10.8753.57
Profit 5Yrs CAGR %52.5534.19

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