Company Overview

Naman In-Store (India) Limited, established in 2010, is a prominent Indian retail furniture and fittings company providing comprehensive retail solutions to various industries and outlets. Originally incorporated as Naman In-Store (India) Private Limited on July 23, 2010, it was converted into a public company in October 2023. Founded by Mr. Raju Paleja and Ms. Bhavika Paleja, the company specializes in manufacturing operations and delivering end-to-end in-store solutions.

Naman In-Store operates as a key player in the domestic retail store furniture and fixture market, leveraging over two decades of experience. It positions itself by transforming retail concepts into tangible, functional, and aesthetically pleasing environments.

Business Operations and Products

The company manufactures a wide array of modular furniture and fixtures designed for diverse applications. This includes solutions for offices, modular furniture for kitchens with limited space, educational institutions, and specialized shelving for supermarkets. Naman In-Store crafts customized in-store furniture and fixtures using materials such as wood, metal, and plastic. Their product range encompasses kiosks, full shop setups, countertop units (CTU), countertop display units (CDU), and point-of-sales merchandising (POSM).

Their extensive modular office furniture offerings include partition systems, office chairs, cabinets, storage racks, executive chairs, and workstations. Furthermore, they develop furniture solutions for various retail outlet types, including beauty shops, paint stores, and fashion apparel stores. The company also designs and develops furniture for residential needs, colleges, schools, libraries, and laboratories, showcasing a broad product spectrum.

Market Position and Competitive Strengths

Naman In-Store holds a significant position in the Indian retail store furniture and fixture market. Its competitive strengths are built upon a highly skilled and experienced team with robust engineering expertise, enabling the conceptualization and delivery of innovative, client-specific fixture solutions. The company is equipped with advanced machinery, enhancing its production capabilities and ensuring manufacturing precision.

A key competitive advantage is its multi-material process strength, allowing proficient work with metal, wood, and plastic. This versatility, coupled with custom finishing options, provides a distinct edge. Additionally, Naman In-Store possesses PAN India capabilities and experience, allowing efficient catering to nationwide client requirements, ensuring timely deliveries and high service standards.

Stock Market Information

Naman In-Store (India) Limited is traded on the NSE under the symbol "NAMAN". It is also listed on the BSE (Scrip Code: 92621), with ISIN code INE0RJM01010.

- Market Capitalization: ₹154 Crore (as per Meta Description) / ₹150 Crore (as per Stock Market Information section)

- 52-Week High: ₹257.00

- 52-Week Low: ₹55.75

- IPO: Completed in March 2024, with a lot size of 1,600 shares and an issue size of ₹25.35 crore. The IPO saw significant investor interest, being subscribed 205.6039 times.

Financial Performance

For the recent financial periods, the company reported revenue of ₹156 Crore and a profit of ₹6.28 Crore. As of May 16, 2025, Naman In-Store announced its audited FY25 results with an unmodified audit opinion, confirming no deviation in IPO fund utilization. However, on June 23, 2025, the exchange sought clarification regarding Regulation 33 of the SEBI (LODR) Regulations, 2015, for the quarter ended March 31, 2025.

Key Financial Metrics (as of recent data):

- Stock P/E Ratio: 23.9

- Book Value: ₹60.8

- Return on Capital Employed (ROCE): 14.2%

- Return on Equity (ROE): 10.7%

- Face Value: ₹10.0

Shareholding Pattern

Promoter holding in Naman In-Store (India) Ltd stood at 58.93% as of March 2025. This represents a decrease from 73.00% in March 2024, likely due to dilution from the company's public offering.

Recent Developments and Outlook

Recent developments include positive steps like debt reduction, although the company has not been paying dividends despite consistent profitability. A notable observation is the increase in debtor days from 53.4 to 64.2 days, indicating potential challenges in receivables management.

The company employs 102 people and is focused on expanding its footprint in the retail furniture and fixture market across India. With its established manufacturing capabilities, diverse product portfolio, and solid market positioning, Naman In-Store appears well-positioned to capitalize on the growing demand for retail infrastructure and store fixtures within the Indian market.