Nandan Denim

₹38.1 0.5 | 1.4%

WEBSITE BSE:532641 NSE : NDL 10 May, 16:01

Market Cap ₹548 Cr.

Stock P/E 26.3

P/B 1

Current Price ₹38.1

Book Value ₹ 38.7

Face Value 10

52W High ₹48.5

Dividend Yield 0%

52W Low ₹ 17.3

Edit Ratio

Nandan Denim Research see more...

Overview Inc. Year: 1994Industry: Textile

Nandan Denim Ltd is a prominent textile company based in India, specializing in denim manufacturing. With a rich legacy spanning several decades, the company has established itself as a leading player in the global denim industry. Nandan Denim is known for its state-of-the-art production facilities, cutting-edge technology, and commitment to sustainable practices. The company's product portfolio includes a wide range of denim fabrics, catering to various market segments and customer requirements. They offer an extensive collection of denim fabrics in different weights, weaves, and finishes, ensuring versatility and quality for their customers. Nandan Denim focuses on innovation and continuous improvement, consistently adapting to evolving fashion trends and consumer demands. Their emphasis on research and development allows them to create unique and high-performance denim fabrics. Furthermore, Nandan Denim places great emphasis on social responsibility and environmental sustainability. They actively engage in ethical sourcing, energy conservation, and waste management practices, aiming to minimize their ecological footprint. Through their unwavering commitment to quality, innovation, and sustainability, Nandan Denim Ltd has become a trusted name in the global denim industry, serving renowned fashion brands and retailers worldwide.

Nandan Denim Share Price

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Nandan Denim Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	511	583	721	780	528	262	457	554	414	462
Other Income	6	4	6	3	1	2	6	3	4	1
Total Income	517	587	728	783	528	264	463	558	418	464
Total Expenditure	464	535	689	742	505	262	434	534	388	430
Operating Profit	54	52	38	41	24	2	29	24	31	34
Interest	12	11	7	12	13	11	17	12	10	10
Depreciation	10	14	12	13	8	8	8	10	10	10
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	31	27	19	16	3	-18	4	2	11	13
Provision for Tax	9	7	4	6	3	-4	1	1	2	6
Profit After Tax	22	20	15	11	1	-13	3	2	8	8
Adjustments	0	0	0	0	0	-0	0	0	0	0
Profit After Adjustments	22	20	15	11	1	-13	3	2	8	8
Adjusted Earnings Per Share	1.5	1.4	1.1	0.7	0	-0.9	0.2	0.1	0.6	0.6

Nandan Denim Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	703	894	1097	1157	1220	1589	1456	1524	1090	2176	2027	1887
Other Income	6	4	12	4	21	15	13	24	24	19	12	14
Total Income	709	898	1108	1161	1242	1603	1469	1549	1114	2194	2038	1903
Total Expenditure	601	761	940	966	1034	1364	1307	1425	1024	2015	1942	1786
Operating Profit	108	137	168	195	208	239	162	123	89	179	96	118
Interest	32	32	38	41	36	58	27	43	42	42	53	49
Depreciation	41	50	60	66	86	121	104	88	78	45	37	38
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	36	55	71	88	85	61	31	-7	-31	92	5	30
Provision for Tax	5	16	20	25	13	14	10	-7	-13	24	5	10
Profit After Tax	31	39	51	63	73	46	21	-1	-19	68	1	21
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	31	39	51	63	73	46	21	-1	-19	68	1	21
Adjusted Earnings Per Share	2.3	2.9	3.8	4.6	5	3.2	1.5	-0	-1.3	4.7	0.1	1.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-7%	10%	5%	11%
Operating Profit CAGR	-46%	-8%	-17%	-1%
PAT CAGR	-99%	0%	-54%	-29%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	78%	39%	20%	12%
ROE Average	0%	3%	3%	11%
ROCE Average	6%	6%	6%	10%

Nandan Denim Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	184	217	259	338	438	474	491	490	471	539	540
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	265	281	278	318	422	372	304	263	262	253	163
Other Non-Current Liabilities	18	22	50	23	21	20	22	94	9	18	39
Total Current Liabilities	237	307	307	392	473	479	542	445	442	649	544
Total Liabilities	703	826	894	1072	1354	1345	1360	1292	1185	1459	1286
Fixed Assets	341	452	437	480	797	737	632	584	503	544	539
Other Non-Current Assets	72	16	61	109	18	5	23	86	18	26	27
Total Current Assets	290	357	396	483	538	604	704	622	664	889	720
Total Assets	703	826	894	1072	1354	1345	1360	1292	1185	1459	1286

Nandan Denim Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	13	2	6	19	17	17	18	3	16	17	29
Cash Flow from Operating Activities	56	88	133	147	169	66	79	155	35	101	141
Cash Flow from Investing Activities	-146	-94	-94	-180	-286	-0	-26	-18	-24	-55	-21
Cash Flow from Financing Activities	78	10	-26	32	116	-65	-68	-124	-9	-34	-145
Net Cash Inflow / Outflow	-11	4	13	-2	-0	1	-15	13	1	12	-25
Closing Cash & Cash Equivalent	2	6	19	17	17	18	3	16	17	29	3

Nandan Denim Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.27	2.88	3.76	4.63	5.03	3.22	1.47	-0.04	-1.3	4.7	0.06
CEPS(Rs)	5.27	6.52	8.12	9.46	11.02	11.58	8.71	6.04	4.14	7.78	2.64
DPS(Rs)	1.2	1.2	1.6	1.6	1.6	0.8	0.5	0	0	0	0
Book NAV/Share(Rs)	13.44	15.84	18.95	22.94	30.36	32.91	34.04	34.01	32.68	37.38	37.49
Core EBITDA Margin(%)	14.57	14.82	14.29	16.52	15.31	14.15	10.24	6.5	5.97	7.28	4.16
EBIT Margin(%)	9.6	9.73	9.93	11.18	9.97	7.48	3.98	2.35	0.99	6.1	2.9
Pre Tax Margin(%)	5.09	6.14	6.5	7.62	7	3.83	2.12	-0.48	-2.85	4.19	0.27
PAT Margin (%)	4.42	4.4	4.69	5.47	5.94	2.92	1.45	-0.04	-1.7	3.08	0.04
Cash Profit Margin (%)	10.24	9.96	10.12	11.18	13.02	10.5	8.62	5.72	5.42	5.1	1.87
ROA(%)	4.98	5.14	5.98	6.44	5.98	3.44	1.57	-0.04	-1.51	5.12	0.06
ROE(%)	18.13	19.65	21.64	22.13	19.32	10.16	4.39	-0.12	-3.89	13.41	0.15
ROCE(%)	13.12	13.87	15.58	16.38	12.64	10.86	5.24	3.4	1.07	12.66	5.59
Receivable days	41.7	43.41	44.71	42.51	38.5	46.82	68.5	71.03	99.12	60.14	71.92
Inventory Days	56.63	52.74	46.51	53.02	61.51	53.26	58.23	45.52	61.14	37.28	40.57
Payable days	30.03	30.21	30.33	40.94	53.05	50.77	48.92	40.55	60.19	41.04	49.03
PER(x)	3.67	4.22	5.46	8.43	7.94	12.65	12.1	0	0	13.31	279.53
Price/Book(x)	0.62	0.77	1.08	1.7	1.32	1.24	0.52	0.15	0.31	1.67	0.42
Dividend Yield(%)	4.8	3.29	2.6	1.37	1.33	0.66	0.94	0	0	0	0
EV/Net Sales(x)	0.7	0.66	0.63	0.85	0.94	0.76	0.58	0.37	0.61	0.65	0.33
EV/Core EBITDA(x)	4.57	4.33	4.1	5.02	5.51	5.01	5.18	4.61	7.51	7.91	6.89
Net Sales Growth(%)	22.53	27.11	22.69	5.49	5.51	30.2	-8.36	4.69	-28.47	99.55	-6.84
EBIT Growth(%)	24.71	28.76	25.3	18.69	-5.93	-2.27	-51.28	-38.23	-69.59	1133.7	-56.19
PAT Growth(%)	65.24	26.59	30.84	23.11	14.57	-36.11	-54.34	-102.76	-3103.01	461.63	-98.81
EPS Growth(%)	65.23	26.59	30.84	23.11	8.61	-36.11	-54.34	-102.76	-3103.78	461.61	-98.81
Debt/Equity(x)	2.19	2.09	1.82	1.63	1.46	1.35	1.23	1.06	1.17	1.04	0.86
Current Ratio(x)	1.22	1.16	1.29	1.23	1.14	1.26	1.3	1.4	1.5	1.37	1.32
Quick Ratio(x)	0.72	0.71	0.83	0.73	0.68	0.74	0.9	1.03	1.04	1	0.94
Interest Cover(x)	2.13	2.71	2.89	3.14	3.36	2.05	2.14	0.83	0.26	3.19	1.1
Total Debt/Mcap(x)	3.53	2.72	1.68	0.96	1.11	1.09	2.36	7.05	3.73	0.62	2.07

Nandan Denim Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	64.73	64.73	64.73	64.73	64.73	64.87	64.87	64.87	64.87	64.87
FII	2.08	1.07	0.88	0.47	0.52	0.79	0.56	0.35	0.35	0.48
DII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Public	33.18	34.19	34.38	34.79	34.74	34.33	34.56	34.77	34.77	34.64
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	3.11	9.33	9.33	9.33	9.33	9.35	9.35	9.35	9.35	9.35
FII	0.1	0.15	0.13	0.07	0.07	0.11	0.08	0.05	0.05	0.07
DII	0	0	0	0	0	0	0	0	0	0
Public	1.59	4.93	4.96	5.01	5.01	4.95	4.98	5.01	5.01	4.99
Others	0	0	0	0	0	0	0	0	0	0
Total	4.8	14.41	14.41	14.41	14.41	14.41	14.41	14.41	14.41	14.41

Pros

Company has reduced debt.

Cons

Company has a low return on equity of 3% over the last 3 years.
Debtor days have increased from 41.04 to 49.03days.
The company has delivered a poor profit growth of -53% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Nandan Denim

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Nandan Denim Research see more...

Overview Inc. Year: 1994Industry: Textile

Nandan Denim Share Price

Alert Data

Quarterly Price

Peer Comparison

Nandan Denim Quarterly Results

Nandan Denim Profit & Loss

Growth Rates

Nandan Denim Balance Sheet

Nandan Denim Cash Flow

Nandan Denim Ratios

Nandan Denim Shareholding Pattern

Nandan Denim News

Top Unlisted Companies & InstaBuy Companies

Ramaraju Surgical Cotton

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