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Nandan Denim

NDL NSE
₹2.48 No trade today
P/E
9.54
View as Markdown
MCP
Close 4 Nov 2026 ₹2.48 −0.76 −23.5% 1Y
Start ₹3.24

Key Fundamentals

MicrocapTextilesConsumer Discretionary

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
7.32%
Debt to Equity
0.18
EPS (TTM)
₹0.26
Book Value
₹4.52
Market Cap
—
P/E (TTM)
9.54
P/B
0.55
ROE
5.22%
Dividend Yield
0.00%
EBITDA
₹104 Cr
52W High
₹3.34
52W Low
₹1.80
Volume
0

Peer Comparison

Consumer Discretionary › Textiles › Textile Products › Other Textile Products

Nandan Denim peer comparison
₹1,174.8044.02₹39,972 Cr6.460.43%15.70%19.60%₹6,820 Cr₹913 Cr
₹264.5790.61₹25,018 Cr4.930.04%4.48%6.26%₹9,934 Cr₹287 Cr
₹529.8518.08₹14,989 Cr1.460.98%6.86%8.55%₹10,186 Cr₹860 Cr
₹23.8930.63₹12,083 Cr2.912.10%7.91%9.79%₹6,781 Cr₹395 Cr
₹525.3569.03₹9,390 Cr4.420.32%5.52%8.19%₹4,390 Cr₹150 Cr
₹753.6035.40₹7,222 Cr5.231.22%16.10%22.00%₹1,644 Cr₹210 Cr
₹584.9545.34₹5,974 Cr12.250.00%18.60%18.80%₹701 Cr₹131 Cr
Nandan Denim (this company)
₹2.489.54₹378 Cr0.550.00%5.22%7.32%₹2,447 Cr₹37 Cr
Median 8 companies₹527.6039.71₹10,736 Cr4.680.38%7.39%9.17%₹5,586 Cr₹249 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

57 Good

Data confidence 100/100

Category scores

Quality
68
Strong
Returns, margins, earnings quality 22% weight
Valuation
73
Strong
Cheap vs sector & own history 24% weight
Growth
10
Poor
Sales & profit trajectory 9% weight
Financial Health
57
Good
Solvency, leverage, coverage 9% weight
Momentum
48
Average
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has reduced debt.
  • Stock is trading at 0.57 times its book value
  • Company has delivered good profit growth of 72.1% CAGR over last 5 years

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.11% over last 3 years.
  • Promoter holding has decreased over last 3 years: -13.9%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1261
OscillatorsBearish261
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
42.18
Neutral
MACD (12,26,9)
−0.04
Bearish
SMA (50)
2.70
Bearish
SMA (200)
2.61
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+9.52%
5Y+21.38%
3Y+12.32%
1Y−19.03%
TTM−36.82%

Net profit

Net profit growth by window
10Y−6.26%
5YTurned to profit
3Y+220.75%
1Y0.00%
TTM−2.63%

Operating cash flow

Operating cash flow growth by window
10Y−0.21%
5Y+32.70%
3Y+0.70%
1Y+51.58%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−13.38 pp
5Y−4.39 pp
3Y−1.01 pp
1Y−0.48 pp
TTM+0.01 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,220 Cr
Mar 2018₹1,589 Cr
Mar 2019₹1,456 Cr
Mar 2020₹1,524 Cr
Mar 2021₹1,090 Cr
Mar 2022₹2,176 Cr
Mar 2023₹2,027 Cr
Mar 2024₹2,010 Cr
Mar 2025₹3,547 Cr
Mar 2026₹2,872 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹73.00 Cr
Mar 2018₹46.00 Cr
Mar 2019₹21.00 Cr
Mar 2020−₹1.00 Cr
Mar 2021−₹19.00 Cr
Mar 2022₹68.00 Cr
Mar 2023₹1.00 Cr
Mar 2024₹45.00 Cr
Mar 2025₹33.00 Cr
Mar 2026₹33.00 Cr

Quarterly Results

₹ Cr
NDL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
554
414
462
579
722
850
926
1,049
1,048
785
500
540
622
608
Expenses
534
388
430
540
689
818
897
1,014
1,015
761
478
527
598
584
Operating Profit
20
27
32
39
32
33
29
34
32
23
21
13
24
24
OPM %
3.7%
6%
7%
7%
4.5%
3.8%
3.1%
3.3%
3.1%
3%
4.2%
2.4%
3.9%
4%
Other Income
3
4
1
26
2
2
2
2
2
2
1
9
2
2
Interest
12
10
10
15
10
9
9
9
8
7
7
−4
5
5
Depreciation
10
10
10
11
14
14
14
12
12
10
12
11
12
12
PBT
2
11
13
39
11
11
9
15
15
8
4
15
10
10
Tax %
24%
23%
41%
30%
34%
23%
24%
27%
24%
−14%
28%
37%
−43%
−20%
Net Profit
2
8
8
27
7
9
7
11
11
9
3
10
15
11
EPS (₹)
0.01
0.06
0.06
0.19
0.05
0.06
0.05
0.07
0.08
0.07
0.02
0.07
0.1
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
NDL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,097
1,157
1,220
1,589
1,456
1,524
1,090
2,176
2,027
2,010
3,547
2,872
2,447
Expenses
931
966
1,034
1,363
1,307
1,419
1,008
2,015
1,943
1,892
3,419
2,782
2,365
Operating Profit
165
191
187
226
149
105
82
160
84
118
128
90
82
OPM %
15%
17%
15%
14%
10%
7%
8%
7%
4.2%
6%
3.6%
3.1%
3.4%
Other Income
3
4
21
14
13
19
7
19
12
35
8
14
15
Interest
38
41
36
58
27
43
42
42
53
47
37
18
15
Depreciation
60
66
86
121
104
88
78
45
37
41
53
44
44
PBT
71
88
85
61
31
−7
−31
92
5
65
46
42
38
Tax %
28%
28%
15%
24%
32%
−92%
−40%
27%
90%
31%
27%
22%
—
Net Profit
51
63
73
46
21
−1
−19
68
1
45
33
33
37
EPS (₹)
0.38
0.46
0.5
0.32
0.15
0
−0.13
0.47
0
0.31
0.23
0.23
0.26
Div. Payout %
14%
12%
11%
8%
11%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
NDL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
46
46
48
48
48
48
48
144
144
144
144
144
Reserves
213
293
390
426
443
442
423
395
396
441
475
507
Borrowings
471
511
638
640
603
522
552
558
465
330
249
118
Other Liabilities
130
168
205
231
170
201
160
346
262
267
407
263
Total Liabilities
860
1,018
1,280
1,345
1,264
1,213
1,183
1,443
1,267
1,182
1,274
1,032
Fixed Assets
437
480
798
737
632
584
503
544
534
508
459
421
CWIP
11
90
6
0
15
0
2
0
5
1
1
1
Investments
7
7
2
1
1
1
0
0
0
0
1
1
Other Assets
405
440
475
607
615
627
678
899
727
673
814
609
Total Assets
860
1,018
1,280
1,345
1,264
1,213
1,183
1,443
1,267
1,182
1,274
1,032

Cash Flow

₹ Cr
NDL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
133
147
169
66
79
155
35
101
141
230
95
144
Investing
−94
−180
−286
0
−26
−18
−24
−55
−21
−50
10
6
Financing
−26
32
116
−65
−68
−124
−9
−34
−145
−168
−117
−149
Net Cash Flow
13
−2
0
1
−15
13
1
12
−25
12
−13
1
Free Cash Flow
54
−35
−115
21
60
130
11
52
124
194
87
139
CFO/OP
88
87
105
36
58
152
43
73
175
197
78
149

Ratios

NDL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
49
39
40
63
69
76
93
75
64
68
53
48
Inventory Days
68
93
96
83
77
52
94
52
46
38
21
21
Days Payable
33
49
60
56
39
46
55
56
40
42
37
25
Cash Conversion Cycle
84
82
76
90
107
83
132
71
69
63
36
43
Working Capital Days
10
8
−1
22
36
36
64
33
27
28
24
39
ROCE %
16%
16%
13%
11%
5%
4%
3%
13%
5%
11%
9%
7%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Nandan Denim insights

69 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 51.01%
  • Public 39.53%
  • Others 7.50%
  • DIIs 1.31%
  • FIIs 0.63%
  • Government 0.01%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Concall · Apr 2022
    PPT
  • Concall · May 2019
    Transcript PPT
  • Q3 FY19 concall · Feb 2019
    PPT
  • Concall · Nov 2018
    PPT
  • Q1 FY19 concall · Aug 2018
    PPT

Frequently Asked Questions about Nandan Denim

What does Nandan Denim Ltd do?
Incorporated in 1994, Nandan Denim Ltd manufactures Denim, Shirting materials, Yarn and various types of fabrics
Where is Nandan Denim Ltd (NDL) listed?
Nandan Denim Ltd trades as NDL on the NSE and under code 532641 on the BSE.
Which sector does Nandan Denim Ltd belong to?
Nandan Denim Ltd is classified under the Textiles sector, in the Textile Products industry.
What is the PE ratio of Nandan Denim Ltd?
Nandan Denim Ltd trades at a PE ratio of 9.54 as of 4 Nov 2026, on earnings per share of ₹0.26, against a book value of ₹4.52 per share.
What is the 52-week high and low of Nandan Denim Ltd?
Over the last 52 weeks Nandan Denim Ltd has traded between ₹1.8 and ₹3.34 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Nandan Denim Ltd?
Nandan Denim Ltd reported a return on equity of 5.22%. Its debt-to-equity ratio is 0.18.

Company Information

Incorporated in 1994, Nandan Denim Ltd manufactures Denim, Shirting materials, Yarn and various types of fabrics

CEO Mr. Jyotiprasad Devkinandan Chiripal
Employees 2,126
Listed 23 Mar 2012
Face Value ₹1

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