MarketFriction

Nandan Denim Ltd

NSE NDL · BSE 532641 · Other Textile Products
₹2.54 -2.68%
NSE close2026-10-01
52 week range1.80 - 3.48
Market cap₹376 Cr.
P/E10.2
Price band 20% Delivery 74.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4144625797228509261,0491,048785500540622
Expenses3884305406898188971,0141,015761478527598
Operating Profit273239323329343223211324
OPM %6%7%7%4.5%3.8%3.1%3.3%3.1%3.0%4.2%2.4%3.9%
Other Income4126222222192
Interest10101510999877-45
Depreciation101011141414121210121112
Profit before tax111339111191515841510
Tax %23%41%30%34%23%24%27%24%-14%28%37%-43%
Net Profit88277971111931015
EPS in Rs0.060.060.190.050.060.050.070.080.070.020.070.10
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,1571,2201,5891,4561,5241,0902,1762,0272,0103,5472,8722,447
Expenses9661,0341,3631,3071,4191,0082,0151,9431,8923,4182,7822,365
Operating Profit19118722614910582160841181289082
OPM %17%15%14%10%7%8%7%4.2%6%3.6%3.1%3.4%
Other Income421141319719123581415
Interest413658274342425347371815
Depreciation66861211048878453741534444
Profit before tax88856131-7-3192565464238
Tax %28%15%24%32%-92%-40%27%90%31%27%22%
Net Profit63734621-1-1968145333337
EPS in Rs0.460.500.320.15-0.00-0.130.470.000.310.230.230.26
Dividend Payout %12%11%8%11%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%21%12%-37%
Compounded Profit Growth-6%72%679%-1%
Stock Price CAGR-5%3%2%-22%
Return on Equity6%6%6%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital46464848484848144144144144144
Reserves213293390426443442423395396441475507
Borrowings471511638640603522552558465330249118
Other Liabilities130168205231170201160346262267407263
Total Liabilities8601,0181,2801,3451,2641,2131,1831,4431,2671,1821,2741,032
Fixed Assets437480798737632584503544534508459421
CWIP119060150205111
Investments772111000011
Other Assets405440475607615627678899727673814609
Total Assets8601,0181,2801,3451,2641,2131,1831,4431,2671,1821,2741,032
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity13314716966791553510114123095144
Cash from Investing Activity-94-180-286-0-26-18-24-55-21-50106
Cash from Financing Activity-2632116-65-68-124-9-34-145-168-117-149
Net Cash Flow13-2-01-1513112-2512-131
Free Cash Flow54-35-1152160130115212419487139
CFO/OP88%87%105%36%58%152%43%73%175%197%78%149%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days493940636976937564685348
Inventory Days689396837752945246382121
Days Payable334960563946555640423725
Cash Conversion Cycle84827690107831327169633643
Working Capital Days108-1223636643327282439
ROCE %16%16%13%11%5%4%3%13%5%11%9%7%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters64.87%64.87%64.87%58.46%51.01%51.01%51.01%51.01%51.01%51.01%51.01%51.01%
FIIs0.35%0.35%0.48%0.60%0.57%0.58%0.58%1.40%0.68%0.68%0.68%0.63%
DIIs0.00%0.00%0.00%0.07%1.48%1.48%1.25%1.25%1.31%1.31%1.31%1.31%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public34.77%34.77%34.65%40.87%46.92%46.91%47.14%46.33%46.98%46.99%46.99%47.05%
No. of Shareholders34,49336,88935,58572,14896,0031,35,0941,69,0511,82,2381,88,9341,85,9731,85,1111,83,763

Fundamentals

Market Cap₹ 376 Cr.
Current Price₹ 2.62
Stock P/E10.2
Book Value₹ 4.52
ROCE7.32 %
ROE5.22 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-37%
Compounded Profit Growth (TTM)-1%
Standalone figures.
Valuation
Market capRs 365 Cr
Enterprise valueRs 459 Cr
P/E (TTM)9.93x
Price to book0.56x
Price to sales0.15x
EV / EBITDA4.73x
EV / EBIT8.70x
EV / sales0.19x
Price to cash flow2.53x
Earnings yield10.07%
P/E, 3-year average8.07x
P/B, 3-year average0.45x
P/E, 5-year average15.05x
P/B, 5-year average0.28x
Profitability
Operating margin (excl. other income)3.13%
Operating margin (incl. other income)3.63%
EBITDA margin3.96%
Pre-tax margin1.54%
Net profit margin1.50%
Net margin, latest quarter2.38%
ROE5.22%
ROCE7.32%
ROA2.87%
ROE, 3-year average6.25%
ROCE, 3-year average9.43%
ROA, 3-year average3.09%
ROE, 5-year average6.45%
ROCE, 5-year average9.30%
ROA, 5-year average2.89%
ROIC (approx.)5.55%
Tax rate21.61%
Other income / net worth2.18%
Growth
Sales growth (latest year)-19.03%
Profit growth (latest year)-1.08%
Sales CAGR, 3 years12.32%
Sales CAGR, 5 years21.38%
Profit CAGR, 3 years296.83%
Sales growth QoQ15.26%
Profit growth QoQ55.63%
Sales growth YoY (latest quarter)-40.59%
Profit growth YoY (latest quarter)32.14%
Per share
EPS (TTM)Rs 0.26
EPS (latest quarter)Rs 0.10
EPS, 3-year averageRs 1.68
EPS, 5-year averageRs 2.02
Book value per shareRs 4.53
Sales per shareRs 17.04
Cash flow per shareRs 1.01
Free cash flow per shareRs 0.97
Efficiency
Asset turnover2.78x
Fixed asset turnover6.82x
Inventory turnover17.61x
Inventory days21 days
Debtor days48 days
Debtors turnover7.62x
Creditor days25 days
Cash conversion cycle43 days
Working capital days39 days
Leverage
Total debtRs 118 Cr
Cash and bankRs 24 Cr
Net debtRs 94 Cr
Debt to equity0.18x
Net debt / EBITDA0.97x
Interest coverage3.52x
Owners' fund to total sources63.12%
Debt to assets11.39%
Cash flow
Cash from Operating Activity (latest year)Rs 144 Cr
Cash from Investing Activity (latest year)Rs 6 Cr
Cash from Financing Activity (latest year)Rs -149 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 139 Cr
FCFE (approx.: FCF + change in debt)Rs 8 Cr
Cash from ops / profit, 5 years3.95x
Sales to cash flow19.88x
Statement figures
Net sales (TTM)Rs 2,447 Cr
Net sales (latest year)Rs 2,872 Cr
Sales (latest quarter)Rs 622 Cr
Operating profit excl. other income (latest year)Rs 90 Cr
Operating profit (latest quarter)Rs 24 Cr
Other income (TTM)Rs 15 Cr
EBITDA (TTM)Rs 97 Cr
PBDT (TTM)Rs 82 Cr
Profit before tax (TTM)Rs 38 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs 37 Cr
Net profit (latest year)Rs 33 Cr
Net profit (latest quarter)Rs 15 Cr
Depreciation (TTM)Rs 44 Cr
Depreciation (latest quarter)Rs 12 Cr
Interest (TTM)Rs 15 Cr
Cost of goods sold (latest year)Rs 2,516 Cr
Total expenditure (latest year)Rs 2,782 Cr
Total income (latest year)Rs 2,886 Cr
Share capitalRs 144 Cr
ReservesRs 507 Cr
Shareholders' fundsRs 651 Cr
Total assetsRs 1,032 Cr
Net blockRs 421 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 1 Cr
ReceivablesRs 377 Cr
InventoryRs 143 Cr
Other liabilitiesRs 263 Cr
Shares outstanding (crore)143.61
Ownership
Promoter holding51.01% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 10.0 is at the 61th percentile of its own 6.4-year range (median 8.8, low 3.3, high 21.4).
P/B 0.56 is at the 32th percentile (median 0.72).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNDLNifty 50Difference
1 week-5.6%-2.8% -2.8 pts
1 month-10.9%-6.8% -4.1 pts
3 months+4.5%-7.6% +12.1 pts
6 months+38.0%+0.4% +37.6 pts
1 year-25.5%-9.9% -15.6 pts
2 years-62.6%-13.6% -49.1 pts
3 years+2.0%+14.2% -12.2 pts
5 years+11.4%+27.9% -16.5 pts

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹622 Cr -40.6% vs Jun 2025. Net profit ₹15 Cr +36.4%.
Against our estimate for Jun 2026: sales -1.1%, profit +117.2% beat. Our estimate for Sep 2026: sales Rs 471 Cr, profit Rs 7 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
K P R Mill Ltd36,96740.519.6 %
Welspun Living Ltd21,27776.56.26 %
Vardhman Textiles Ltd15,33518.18.55 %
Trident Ltd11,46129.09.79 %
Indo Count Industries Ltd8,61457.18.19 %
Garware Technical Fibres Ltd7,36133.422.0 %
Kusumgar Ltd6,37850.718.8 %
Filatex India Ltd4,97325.919.1 %
Jindal Worldwide Ltd4,71955.78.63 %
Sanathan Textiles Ltd4,35271.66.89 %
Raymond Lifestyle Ltd4,02627.03.52 %
Alok Industries Ltd3,501-3.95 %
Nitin Spinners Ltd3,40316.112.2 %
Sangam (India) Ltd3,24825.810.7 %
Ganesha Ecosphere Ltd2,70347.85.58 %
No bulk or block deals on record.
Ex-dateActionFactor
2024-09-19Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2024-08-30Annual General Meeting
2023-08-21Annual General Meeting
2022-09-22Annual General Meeting
2022-03-24Bonus 2:10.3333
2021-09-22 Annual General Meeting
2020-12-23 Annual General Meeting
2019-09-05 Annual General Meeting/Dividend - Rs 0.50 Per Share
2018-09-19 Annual General Meeting/Dividend Re 0.8 Per Share
2017-09-21 Annual General Meeting/Dividend-Rs 1.60 Per Share
2016-09-21 Annual Book Closure
2016-03-22 Interim Dividend - Re 0.80/- Per Share (Purpose Revised)
2016-02-23 Interim Dividend - Re 0.80/- Per Share
2015-09-21 Annual General Meeting/Dividend Re 1/- Per Share
2015-02-12Interim Dividend - Re 0.60/- Per Share
2014-09-09Annual General Meeting / Final Dividend - Rs 1.2/- Per Share
2014-02-17Interim Dividend - Re 0.60/- Per Share
2013-08-21Annual Book Closure And Dividend Rs.1.20 Per Share
2012-09-20Annual General Meeting And Dividend Re.1/- Per Share
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Nandan Denim Ltd?

Nandan Denim Ltd (NDL) has a market capitalisation of Rs 376 Cr. at the 2026-10-01 close.

What is the P/E ratio of Nandan Denim Ltd?

Nandan Denim Ltd trades at a P/E of 10.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Nandan Denim Ltd's latest quarterly results?

In the Jun 2026 quarter, Nandan Denim Ltd sales was Rs 622 Cr (-40.6% vs Jun 2025) and net profit was Rs 15 Cr.

What is the 52-week high and low of Nandan Denim Ltd?

The 52-week high is Rs 3.48 and the 52-week low is Rs 1.80.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03