Nandan Denim Limited NDL NSE

Consumer Cyclical · Textile Manufacturing · India

Nandan Denim Limited manufactures and sells denim, shirting materials, yarn, and various fabrics in India. The company offers denim products, such as core classics, reinvented classics, novelty, structured, knit, light weight, blends, feather touch, stretch tech, and prints denims; shirting products, including plain weaves, twill, dobby, chambray, fil-à-fil, herringbone, basket weave, and pinpoint oxford; and dyed yarns in multiple blends and counts, grey cotton fabrics, and khakis. It also exports its products. The company offers its products to fabric re-sellers, garment converters, distributors, wholesalers, dealers, brand owners, and exporters. The company was formerly known as Nandan Exim Limited and changed its name to Nandan Denim Limited in November 2013. Nandan Denim Limited was incorporated in 1994 and is headquartered in Ahmedabad, India.

Market & Price

Market Cap

₹377.67 Cr

Current Price

₹2.62

High / Low (52W)

₹4.12 / ₹1.84

Beta

0.83

Valuation

Stock P/E

1.13

Industry PE

26.67

Forward P/E

0.14

PEG Ratio

Book Value

₹4.74

Price to Book

0.55

P/S

0.11

EV/EBITDA

4.57

Dividend Yield

Profitability & Returns

ROCE

10.66%

ROE

ROA

Profit Margin

1.01%

Op Margin

1.88%

EPS (Latest Qtr)

₹0.02

EPS (TTM)

₹2.32

Balance Sheet & Liquidity

Debt/Equity

0.35

Quick Ratio

Current Ratio

Debt

₹221.11 Cr

Total Assets

₹1,274.49 Cr

Current Assets

₹798.13 Cr

Working Capital

₹262.15 Cr

Ownership

Promoter Holding

52.64%

Chg in Prom Hold

FII / Inst Holding

0.00%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹586.72 Cr

Total Revenue (TTM)

₹3,380.54 Cr

EBITDA

₹128.33 Cr

Free Cash Flow

Operating Cash Flow

Shares Outstanding

₹144.15 Cr

Gross Margin

11.18%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

17.98%

Profit 5Y

-20.92%

Revenue (YoY)

-46.10%

Earnings (YoY)

-60.00%

PROS

Compounding revenue at 18.0% over 5 years.

CONS

Earnings shrank at -20.9% CAGR over 5 years.
Trading 36.4% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	NDL Nandan Denim Limited NSE	2.62	1.13	₹377.67 Cr	-	10.66%	-	17.98%	-20.92%
2	MARUTI Maruti Suzuki India Limited NIFTY50NSEAI	13,127.00	28.09	₹4.13 L Cr	1.07%	17.22%	14.43%	16.60%	21.11%
3	M&M Mahindra & Mahindra Limited NIFTY50NSEAI	3,045.60	20.00	₹3.66 L Cr	1.08%	17.26%	18.75%	18.44%	18.48%
4	TITAN Titan Company Limited NIFTY50NSE	4,074.90	71.43	₹3.61 L Cr	0.27%	38.43%	37.13%	23.83%	16.00%
5	ETERNAL Eternal Limited NSEAITECH	250.58	626.45	₹2.30 L Cr	-	2.87%	1.19%	97.70%	45.90%
6	EICHERMOT Eicher Motors Limited NIFTY50NSEAI	7,177.00	35.71	₹1.97 L Cr	0.98%	26.43%	23.77%	17.47%	23.70%
7	TVSMOTOR TVS Motor Company Limited NSE	3,355.70	52.91	₹1.59 L Cr	0.36%	28.86%	31.62%	26.91%	31.46%
8	HYUNDAI HYUNDAI MOTOR INDIA LTD NSE	1,924.00	28.82	₹1.56 L Cr	1.09%	32.62%	29.92%	5.50%	4.87%
9	MOTHERSON Samvardhana Motherson International Limited NSEAI	145.74	39.82	₹1.53 L Cr	0.41%	11.82%	10.11%	17.10%	37.17%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	-	926.15 Cr	988.46 Cr	1,047.68 Cr	784.69 Cr	499.53 Cr
Cost of Revenue	-	829.29 Cr	1,098.97 Cr	944.82 Cr	691.33 Cr	416.46 Cr
Gross Profit	-	96.86 Cr	-110.51 Cr	102.86 Cr	93.36 Cr	83.06 Cr
Operating Expenses	-	81.46 Cr	-132.61 Cr	82.06 Cr	79.97 Cr	73.67 Cr
Operating Income	-	15.40 Cr	22.10 Cr	20.80 Cr	13.39 Cr	9.39 Cr
EBITDA	-	30.87 Cr	32.12 Cr	33.94 Cr	25.26 Cr	22.49 Cr
Interest Expense	-	8.62 Cr	5.17 Cr	7.52 Cr	6.90 Cr	6.74 Cr
Pretax Income	-	8.63 Cr	14.54 Cr	14.82 Cr	8.32 Cr	4.10 Cr
Tax Provision	-	2.05 Cr	3.90 Cr	3.62 Cr	-1.13 Cr	1.13 Cr
Net Income	-	6.58 Cr	10.63 Cr	11.20 Cr	9.45 Cr	2.97 Cr
Diluted EPS	0.06	0.05	-	0.78	0.07	0.02

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Revenue	2,123.30 Cr	1,987.55 Cr	1,964.67 Cr	3,486.49 Cr
Cost of Revenue	1,871.96 Cr	1,825.67 Cr	1,781.43 Cr	3,288.66 Cr
Gross Profit	251.34 Cr	161.88 Cr	183.23 Cr	197.82 Cr
Operating Expenses	124.57 Cr	111.15 Cr	99.22 Cr	122.71 Cr
Operating Income	126.77 Cr	50.72 Cr	84.02 Cr	75.11 Cr
EBITDA	174.04 Cr	90.92 Cr	148.87 Cr	131.93 Cr
Interest Expense	37.39 Cr	48.59 Cr	43.22 Cr	32.84 Cr
Pretax Income	92.14 Cr	5.14 Cr	65.09 Cr	45.88 Cr
Tax Provision	24.45 Cr	4.61 Cr	20.15 Cr	12.40 Cr
Net Income	67.69 Cr	53.16 L	44.94 Cr	33.48 Cr
Diluted EPS	0.47	0.00	0.31	2.32

Compounded Sales Growth

5 Years:	17.98%
1 Year:	-46.10%

Compounded Profit Growth

5 Years:	-20.92%
1 Year:	-60.00%

Stock Price Performance

1 Year:	-34.99%
6 Months:	-14.10%
3 Months:	-5.42%
1 Month:	-6.09%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Assets	1,442.92 Cr	1,267.41 Cr	1,182.12 Cr	1,274.49 Cr
Current Assets	874.07 Cr	719.64 Cr	662.50 Cr	798.13 Cr
Cash & Equivalents	28.65 Cr	3.17 Cr	15.31 Cr	2.51 Cr
Inventory	243.56 Cr	207.32 Cr	167.59 Cr	176.81 Cr
Receivables	446.05 Cr	353.22 Cr	371.93 Cr	510.53 Cr
Total Liabilities	904.06 Cr	727.32 Cr	596.95 Cr	655.67 Cr
Current Liabilities	633.48 Cr	544.09 Cr	453.34 Cr	535.98 Cr
Long Term Debt	252.88 Cr	162.81 Cr	96.32 Cr	63.32 Cr
Total Debt	558.42 Cr	465.07 Cr	329.89 Cr	248.82 Cr
Total Equity	538.87 Cr	540.09 Cr	585.17 Cr	618.82 Cr
Shares Outstanding	144.15 Cr	144.15 Cr	144.15 Cr	144.15 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Operating Cash Flow	101.40 Cr	140.96 Cr	230.41 Cr	95.07 Cr
Investing Cash Flow	-55.43 Cr	-21.08 Cr	-49.77 Cr	9.56 Cr
Financing Cash Flow	-34.25 Cr	-145.36 Cr	-168.50 Cr	-117.43 Cr
Capital Expenditure	-52.51 Cr	-17.64 Cr	-44.66 Cr	-8.46 Cr
Free Cash Flow	48.88 Cr	123.32 Cr	185.75 Cr	86.61 Cr
Net Change in Cash	11.72 Cr	-25.47 Cr	12.14 Cr	-12.80 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Gross Margin %	11.8%	8.1%	9.3%	5.7%
Operating Margin %	6.0%	2.6%	4.3%	2.2%
Net Margin %	3.2%	0.0%	2.3%	1.0%
ROE %	12.6%	0.1%	7.7%	5.4%
ROCE %	15.7%	7.0%	11.5%	10.2%

Shareholding Pattern

Insiders

52.64%

Institutions

0.00%

Public Float

0.00%

Analyst View

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NDL · Consumer Cyclical