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Nandan Denim Overview

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 fab...Read More

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Nandan Denim Key Financials

Market Cap ₹349 Cr.

Stock P/E 10.4

P/B 0.5

Current Price ₹2.4

Book Value ₹ 4.5

Face Value 1

52W High ₹4.4

Dividend Yield 0%

52W Low ₹ 2.3

Nandan Denim Share Price

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Volume
Price

Nandan Denim Quarterly Price

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Nandan Denim Peer Comparison

Nandan Denim Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 414 462 579 722 850 926 1049 1048 785 500
Other Income 4 1 26 2 2 2 2 2 2 1
Total Income 418 464 605 724 852 928 1050 1049 787 501
Total Expenditure 388 430 540 689 818 897 1014 1015 761 478
Operating Profit 31 34 65 34 34 31 36 34 25 22
Interest 10 10 15 10 9 9 9 8 7 7
Depreciation 10 10 11 14 14 14 12 12 10 12
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 11 13 39 11 11 9 15 15 8 4
Provision for Tax 2 6 12 4 3 2 4 4 -1 1
Profit After Tax 8 8 27 7 9 7 11 11 9 3
Adjustments 0 0 0 -0 0 0 0 0 0 0
Profit After Adjustments 8 8 27 7 9 7 11 11 9 3
Adjusted Earnings Per Share 0.1 0.1 0.2 0.1 0.1 0 0.1 0.1 0.1 0

Nandan Denim Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1097 1157 1220 1589 1456 1524 1090 2176 2027 2010 3547 3382
Other Income 12 4 21 15 13 24 24 19 12 35 8 7
Total Income 1108 1161 1242 1603 1469 1549 1114 2194 2038 2045 3554 3387
Total Expenditure 940 966 1034 1364 1307 1425 1024 2015 1943 1892 3418 3268
Operating Profit 168 195 208 239 162 123 89 179 96 153 136 117
Interest 38 41 36 58 27 43 42 42 53 47 37 31
Depreciation 60 66 86 121 104 88 78 45 37 41 53 46
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 71 88 85 61 31 -7 -31 92 5 65 46 42
Provision for Tax 20 25 13 14 10 -7 -13 24 5 20 12 8
Profit After Tax 51 63 73 46 21 -1 -19 68 1 45 33 34
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 51 63 73 46 21 -1 -19 68 1 45 33 34
Adjusted Earnings Per Share 0.4 0.5 0.5 0.3 0.1 -0 -0.1 0.5 0 0.3 0.2 0.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 76% 18% 18% 12%
Operating Profit CAGR -11% -9% 2% -2%
PAT CAGR -27% -21% 0% -4%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -26% 10% 18% -5%
ROE Average 6% 5% 5% 9%
ROCE Average 9% 9% 8% 9%

Nandan Denim Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 259 338 438 474 491 490 471 539 540 585 619
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 278 318 422 372 304 263 262 253 163 96 63
Other Non-Current Liabilities 50 23 21 20 22 94 9 18 39 66 57
Total Current Liabilities 307 392 473 479 542 445 442 649 544 453 536
Total Liabilities 894 1072 1354 1345 1360 1292 1185 1459 1286 1201 1275
Fixed Assets 437 480 797 737 632 584 503 537 534 508 459
Other Non-Current Assets 61 109 18 5 23 86 18 32 32 30 17
Total Current Assets 396 483 538 604 704 622 664 889 720 663 798
Total Assets 894 1072 1354 1345 1360 1292 1185 1459 1286 1201 1275

Nandan Denim Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 6 19 17 17 18 3 16 17 29 3 15
Cash Flow from Operating Activities 133 147 169 66 79 155 35 101 141 230 95
Cash Flow from Investing Activities -94 -180 -286 -0 -26 -18 -24 -55 -21 -50 10
Cash Flow from Financing Activities -26 32 116 -65 -68 -124 -9 -34 -145 -169 -117
Net Cash Inflow / Outflow 13 -2 -0 1 -15 13 1 12 -25 12 -13
Closing Cash & Cash Equivalent 19 17 17 18 3 16 17 29 3 15 3

Nandan Denim Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.38 0.46 0.5 0.32 0.15 -0 -0.13 0.47 0 0.31 0.23
CEPS(Rs) 0.81 0.95 1.1 1.16 0.87 0.6 0.41 0.78 0.26 0.59 0.6
DPS(Rs) 0.05 0.05 0.05 0.03 0.02 0 0 0 0 0 0
Book NAV/Share(Rs) 1.89 2.29 3.04 3.29 3.4 3.4 3.27 3.74 3.75 4.06 4.29
Core EBITDA Margin(%) 14.29 16.52 15.31 13.93 9.88 6.38 5.97 7.28 4.15 5.84 3.6
EBIT Margin(%) 9.93 11.18 9.97 7.36 3.84 2.3 0.99 6.1 2.89 5.54 2.32
Pre Tax Margin(%) 6.5 7.62 7 3.77 2.05 -0.47 -2.85 4.19 0.25 3.21 1.29
PAT Margin (%) 4.69 5.47 5.94 2.87 1.4 -0.04 -1.7 3.08 0.03 2.22 0.94
Cash Profit Margin (%) 10.12 11.18 13.02 10.34 8.33 5.61 5.42 5.1 1.86 4.22 2.44
ROA(%) 5.98 6.44 5.98 3.44 1.57 -0.04 -1.51 5.12 0.04 3.61 2.7
ROE(%) 21.64 22.13 19.32 10.16 4.39 -0.12 -3.89 13.41 0.1 7.99 5.56
ROCE(%) 15.59 16.38 12.64 10.86 5.24 3.4 1.07 12.66 5.57 11.7 9.27
Receivable days 44.71 42.51 38.5 46.07 66.14 69.69 99.12 60.14 71.92 65.32 45.24
Inventory Days 46.51 53.02 61.51 52.41 56.23 44.66 61.14 37.28 40.57 33.77 17.66
Payable days 30.33 40.94 53.05 50.77 48.92 40.55 60.19 41.04 49.03 33.11 20.76
PER(x) 5.46 8.43 7.94 12.65 12.1 0 0 13.31 420.81 10.33 15.24
Price/Book(x) 1.08 1.7 1.32 1.24 0.52 0.15 0.31 1.67 0.42 0.79 0.82
Dividend Yield(%) 2.6 1.37 1.33 0.66 0.94 0 0 0 0 0 0
EV/Net Sales(x) 0.63 0.85 0.94 0.76 0.58 0.37 0.61 0.65 0.33 0.37 0.21
EV/Core EBITDA(x) 4.1 5.02 5.51 5.01 5.18 4.61 7.51 7.91 6.91 4.83 5.39
Net Sales Growth(%) 22.69 5.49 5.51 30.2 -8.36 4.69 -28.47 99.55 -6.84 -0.82 76.44
EBIT Growth(%) 25.3 18.69 -5.93 -2.27 -51.28 -38.23 -69.59 1133.7 -56.4 91.94 -26.44
PAT Growth(%) 30.84 23.11 14.57 -36.11 -54.34 -102.76 -3103.01 461.63 -99.21 8353.91 -25.5
EPS Growth(%) 30.83 23.11 8.61 -36.1 -54.35 -102.79 -3068.29 461.51 -99.21 8327.03 -25.5
Debt/Equity(x) 1.82 1.63 1.46 1.35 1.23 1.06 1.17 1.04 0.86 0.56 0.4
Current Ratio(x) 1.29 1.23 1.14 1.26 1.3 1.4 1.5 1.37 1.32 1.46 1.49
Quick Ratio(x) 0.83 0.73 0.68 0.74 0.9 1.03 1.04 1 0.94 1.09 1.16
Interest Cover(x) 2.89 3.14 3.36 2.05 2.14 0.83 0.26 3.19 1.1 2.38 2.25
Total Debt/Mcap(x) 1.68 0.96 1.11 1.09 2.36 7.05 3.73 0.62 2.07 0.71 0.49

Nandan Denim Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 64.87 64.87 64.87 58.47 51.01 51.01 51.01 51.01 51.01 51.01
FII 0.35 0.35 0.48 0.6 0.58 0.59 0.58 1.4 0.68 0.68
DII 0.01 0.01 0.01 0.08 1.49 1.49 1.26 1.26 1.32 1.32
Public 34.77 34.77 34.64 40.85 46.92 46.91 47.14 46.33 46.99 46.99
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Nandan Denim News

Nandan Denim Pros & Cons

Pros

  • Stock is trading at 0.5 times its book value
  • Debtor days have improved from 33.11 to 20.76days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 5% over the last 3 years.
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