Nandan Denim Ltd.

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nandandenim.comBSE: 532641NSE: NDL

Market Cap₹ 412 Cr.

Current Price

High / Low₹ 4 / 2

Stock P/E11.2

Book Value₹ 5

Price to Book0.82

Dividend Yield0.00 %

ROCE9.3 %

ROE5.6 %

Face Value₹ 1

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AI Sector View

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Textiles

Hold

This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.

Confidence

50%

View full sector analysis →

PROS

Latest quarter profit grew 32.1% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 5.91x)
Company has delivered good sales growth of 18.4% CAGR over last 5 years
Working capital cycle has improved - days down from 38 to 27
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Promoter holding has decreased over last 2 years: -7.5pp
Company has a low return on equity of 4.5% over last 3 years
Company has a low return on capital employed of 8.8%
Operating margins have contracted to 3.6% from 8.1%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TextilesTextileTextile

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	PAGEIND	35350.00	52.17	39428.94	1.56	1928.06	860.21	14204.45	978.91	73.60	20.35
2.	KPRMILL	1109.40	41.56	37920.85	0.45	258.54	21.55	1935.52	14.77	20.16	19.37
3.	WELSPUNLIV	207.80	70.72	19631.96	0.05	162.61	82.09	2795.45	23.66	6.41	11.53
4.	VTL	567.35	19.38	16429.14	0.88	314.56	51.46	2703.08	13.31	8.91	18.11
5.	ARVIND	575.25	37.79	15649.14	0.78	57.77	5.61	2500.96	24.65	15.30	9.64
6.	MANYAVAR	582.75	35.14	14159.56	1.33	66.90	37.31	267.95	22.74	29.45	45.53
7.	PGIL	1190.75	35.45	11000.28	0.61	992.34	51.37	15282.61	24.46	22.42	10.72
8.	SWANCORP	296.30	41.54	9287.73	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
9.	ICIL	443.05	58.16	8774.80	0.34	63.22	67.28	1206.96	25.89	8.73	11.88
10.	GARFIBRES	797.15	37.06	7784.04	1.13	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	567.35	60.66	5956.69	0.00	426.47	—	2472.47	—	26.15	30.50
12.	NDL	2.86	11.22	412.26	0.00	14.80	32.11	622.39	-40.59	9.27	3.92

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	554	414	462	579	722	850	926	1,049	1,048	785	500	540	622
	534	388	430	540	689	818	897	1,014	1,015	761	478	527	615
Operating Profit	20	27	32	39	32	33	29	34	32	23	21	13	8
OPM %	3.67%	6.44%	6.99%	6.73%	4.47%	3.83%	3.13%	3.28%	3.09%	2.99%	4.21%	2.41%	1.27%
	3	4	1	26	2	2	2	2	2	2	1	9	2
Interest	12	10	10	15	10	9	9	9	8	7	7	-4	5
Depreciation	10	10	10	11	14	14	14	12	12	10	12	11	12
Profit before Tax	2	11	13	39	11	11	9	14	15	8	4	15	10
Tax %	24.11%	22.86%	41.02%	30.10%	33.78%	23.05%	23.75%	26.90%	24.43%	-13.60%	27.56%	36.68%	-43.44%
Net Profit	2	8	8	27	7	9	7	11	11	9	3	10	15
	0.12	0.57	0.06	1.88	0.52	0.06	0.05	0.07	0.08	0.07	0.02	0.07	0.10

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	1,157	1,220	1,589	1,456	1,524	1,090	2,176	2,027	2,010	3,547	2,447
	966	1,034	1,364	1,307	1,425	1,024	2,015	1,943	1,892	3,418	2,381
Operating Profit	191	187	225	149	99	66	160	84	118	128	65
OPM %	16.52%	15.31%	14.15%	10.24%	6.50%	6.03%	7.36%	4.15%	5.88%	3.61%	2.67%
	4	21	15	13	24	24	19	12	35	8	15
Interest	41	36	58	27	43	42	42	53	47	37	15
Depreciation	66	86	121	104	88	78	45	37	41	53	44
Profit before Tax	88	85	61	31	-7	-31	92	5	65	46	38
Tax %	28.15%	15.11%	23.79%	31.52%	91.96%	40.35%	26.54%	89.67%	30.96%	27.03%	2.73%
Net Profit	63	73	46	21	-1	-19	68	1	45	33	37
EPS	13.57	15.19	9.65	4.41	-0.12	-1.30	4.70	0.04	3.12	0.23	—
Dividend Payout %	11.51%	10.60%	8.29%	11.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 12%
5 Years:: 18%
3 Years:: 18%

COMPOUNDED PROFIT GROWTH

10 Years:: -4%
5 Years:: —
3 Years:: -21%

STOCK PRICE CAGR

10 Years:: -4%
5 Years:: 2%
3 Years:: 9%
1 Year:: -18%

RETURN ON EQUITY

10 Years:: 8%
5 Years:: 5%
3 Years:: 5%
Last Year:: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	46	48	48	48	48	48	144	144	144	144
	268	390	426	443	442	423	395	396	441	475
	511	638	640	603	522	554	560	467	284	219
Trade Payables	104	136	166	109	143	120	262	183	187	319
	144	143	64	156	137	40	97	96	145	118
Total Liabilities	1,072	1,354	1,345	1,360	1,292	1,185	1,459	1,286	1,201	1,275
	480	797	737	632	584	503	537	534	508	459
Capital Work in Progress	90	6	0	15	0	2	7	5	1	1
	7	2	1	1	1	0	0	0	0	1
	195	216	248	217	163	205	244	207	168	177
	0	0	0	0	0	0	0	0	372	511
Cash & Bank	65	69	27	19	26	30	46	28	56	26
	234	263	332	475	518	444	625	511	96	100
Total Assets	1,072	1,354	1,345	1,360	1,292	1,185	1,459	1,286	1,201	1,275

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	166	196	81	86	160	36	117	147	230	95
Cash from Investing	-180	-286	-0	-26	-18	-24	-55	-21	-50	10
Cash from Financing	32	116	-65	-68	-124	-9	-34	-145	-169	-117
	-2	-0	1	-15	13	1	12	-25	12	-13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
58.47	51.01	51.01	51.01	51.01	51.01	51.01	51.01	51.01
0.60	0.57	0.58	0.58	1.40	0.68	0.68	0.68	0.63
0.07	1.48	1.48	1.25	1.25	1.31	1.31	1.31	1.31
0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
40.85	46.92	46.91	47.14	46.33	46.99	46.99	46.99	47.04

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Nandan Denim Limited has informed the Exchange about Copy of Newspaper Publication regarding dispatch of Notice of 32nd Annual General Meeting and E-Voting Information

2026-09-01

Updates

2026-09-01 - Nandan Denim Limited has informed the Exchange regarding ''Business Responsibility and Sustainability Report for the Financial Year 2025-26'.

2026-09-01

General Updates

2026-09-01 - Nandan Denim Limited has informed the Exchange about physical letter sent to the shareholders of the Company whose E-mail ID is not registered

2026-09-01

Shareholders meeting

2026-09-01 - Nandan Denim Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Nandan Denim Limited has informed the Exchange about Copy of Newspaper Publication - 32nd AGM to be held through Video conferencing or other audio visual means (OAVM)

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Nandan Denim Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Appointment

2026-08-12 - Nandan Denim Limited has informed the Exchange regarding Appointment of Mr Jyotiprasad Devkinandan Chiripal as Managing Director of the company w.e.f. Jun 01, 2027.

2026-08-12

General Updates

2026-08-12 - Nandan Denim Limited has informed the Exchange about General Updates-Re-appointment of Mr. Jyotiprasad Chiripal as Managing Director

2026-08-12

Outcome of Board Meeting

2026-08-12 - Nandan Denim Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

News

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