Nandan Denim
Nandan Denim Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Nandan Denim Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Nandan Denim Ltd trades at a P/E of 11.22× and P/B of 0.57×, against the Consumer Cyclical sector median P/E of 33.60×.
Valuation
Profitability
Growth
Financial Health
Nandan Denim Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Nandan Denim Ltd, switchable between annual and quarterly views, consolidated or standalone.
Nandan Denim Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹373.34 Cr and reported EPS of ₹0.23.
Nandan Denim segment analysis: revenue and profit mix.
Disclosed business segments at Nandan Denim with their share of revenue and profit, switchable between consolidated and standalone reporting.
Nandan Denim discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Nandan Denim Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Nandan Denim Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Nandan Denim Ltd's investment case rests on 8 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Nandan Denim Ltd. demonstrated robust quarterly performance with sales growing by 45.20% and net profit by 49.50%, indicating strong operational momentum and potential for future expansion.
The company's stock trades at a P/E ratio of 13.00, which is below the sector P/E of 15.89, and at a Price-to-Book Value of 0.76, suggesting it may be undervalued compared to its intrinsic worth.
With a debt-to-equity ratio of 0.40, Nandan Denim maintains a healthy balance sheet, indicating a controlled level of financial leverage and lower risk for investors compared to highly indebted firms.
Promoters hold a significant 51.01% stake in the company, aligning their interests with shareholders and indicating a strong commitment to the company's long-term success and strategic direction.
The broader Textiles sector, where Nandan Denim operates, may offer growth opportunities driven by increasing consumer demand, evolving fashion trends, and favorable government initiatives.
What can break it.
Promoter shareholding has significantly decreased from 64.73% in June 2022 to 51.01% in September 2024, which could signal a reduction in insider confidence or a strategic shift in ownership.
The company's Return on Equity (ROE) is 5.56% and Return on Capital Employed (ROCE) is 9.27%, which are relatively low compared to many industry peers, indicating suboptimal capital utilization.
The current price of 3.35 is close to its 52-week low of 2.96, and significantly below its 52-week high of 6.36, indicating recent stock price volatility and investor uncertainty.
While recent quarterly profit growth is strong, historical data shows inconsistent net profits, including negative figures in late 2022, raising concerns about earnings stability and predictability.
The "Other Textile Products" industry is highly competitive, with larger and more established players potentially impacting Nandan Denim's pricing power, market position, and profitability.
What would change my mind.
Trim if P/E re-rates above 15 (~0.4× the sector multiple of 33.6). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 18.55. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Nandan Denim Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Nandan Denim Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Nandan Denim Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Nandan Denim Ltd — derived from the live tape, not yesterday's close.
Nandan Denim Ltd last traded at ₹2.59 with an intraday range of ₹2.57–₹2.66 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹2.59| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 2.82 | +0.23 | +9.01% |
| R3 | 2.73 | +0.14 | +5.53% |
| R2 | 2.70 | +0.11 | +4.12% |
| R1 | 2.64 | +0.05 | +2.06% |
| PIVOT | 2.61 | 0.02 | 0.64% |
| CURRENT | 2.59 | — | — |
| S1 | 2.37 | -0.22 | -8.37% |
| S2 | 2.46 | -0.13 | -4.89% |
| S3 | 2.52 | -0.07 | -2.83% |
| S4 | 2.55 | -0.04 | -1.42% |
NDL is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 2.6 ~ 2.66
Trading Inside opening range
Nandan Denim Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Nandan Denim Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Nandan Denim Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Nandan Denim Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Nandan Denim Ltd stood at 65.8% of traded volume, against a 20-day average of 68.9%.
Nandan Denim announcements: results, concalls, ratings, M&A.
Filings Nandan Denim sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Nandan Denim files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 40 documents below.
Copy of Newspaper Publication
Nandan Denim Limited has informed the Exchange about Copy of Newspaper Publication
Disclosure under SEBI Takeover Regulations
Nandan Denim Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Updates
Nandan Denim Limited has informed the Exchange regarding 'Non-applicability of SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/ 2023/172 dated…
Acquisition
Nandan Denim Limited has informed the Exchange about Acquisition
Updates
Nandan Denim Limited has informed the Exchange regarding 'Acquisition'.
Investor decks & rating reports.
Nandan Denim dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Nandan Denim has declared, sequenced by announce and record date.
Nandan Denim corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Nandan Denim Ltd: business, sector, key facts.
What Nandan Denim Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Nandan Denim Ltd operates in the Consumer Cyclical, listed as NSE: NDL, BSE: 532641.
Nandan Denim Limited (NDL) is an Indian textile company primarily focused on the manufacturing and sale of a diverse range of denim and cotton fabrics. Their product portfolio is extensive and caters to various market segments and fashion trends. This includes a wide array of denim fabrics encompassing core classic styles, updated classic designs, novelty options, structured fabrics, knits, lightweight materials, blended fabrics, specialized "feather touch" and "stretch tech" denims, and printed denim varieties. The company's commitment to offering a broad selection allows them to meet the varying demands of their diverse clientele.
Beyond denim, NDL also produces a significant selection of shirting fabrics. These include a variety of weaves and constructions such as plain, twill, dobby, chambray, fil a fil, herringbone, basket weave, and pin-point oxford fabrics. The inclusion of shirting fabrics broadens NDL's market reach and allows them to engage with different sectors of the textile industry. In addition to these core offerings, NDL also manufactures grey cotton fabrics and khakis, further demonstrating their commitment to a wide spectrum of textile production.
NDL's distribution network extends to a broad range of customers across the textile value chain. Their products are sold to fabric re-sellers, garment converters, distributors, wholesalers, dealers, brand owners, and exporters, both domestically in India and internationally. This diverse customer base indicates the company's successful penetration into various market segments and its ability to provide tailored solutions to various client needs. The company's export operations also highlight its competitiveness in the global textile market.
Established in 1994 and headquartered in Ahmedabad, India, NDL has a significant history in the Indian textile industry. Initially operating under the name Nandan Exim Limited, the company rebranded as Nandan Denim Limited in 2013, reflecting a shift in focus towards denim production while still maintaining its broader textile manufacturing capabilities. The company's longevity and adaptability suggest a strong foundation and a strategic approach to navigating the ever-evolving textile industry landscape.
Questions investors ask about Nandan Denim Ltd (NDL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Nandan Denim Ltd (NDL)?
The current share price of Nandan Denim Ltd (NDL) is ₹2.59. Today, the stock has declined by ₹0.02 (0.77%), trading in a range of ₹2.57 to ₹2.66. The stock opened at ₹2.61 with a trading volume of 7,89,533 shares.
02Is Nandan Denim Ltd stock a good investment for long-term?
Nandan Denim Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹373.34 crores, P/E ratio of 11.22, ROE of 5.22%, and ROCE of 9.27%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Nandan Denim Ltd stock?
The 52-week high price of Nandan Denim Ltd (NDL) is ₹4.2, while the 52-week low is ₹1.8. Currently trading at ₹2.59, the stock is 32.9% away from its 52-week low and 38.3% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Nandan Denim Ltd stock at the current price?
Whether to buy Nandan Denim Ltd stock at ₹2.59 depends on multiple factors. The stock is currently trading with a P/E ratio of 11.22 and P/B ratio of 0.57. Today's performance shows a loss of 0.77%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Nandan Denim Ltd and when is the next dividend?
Nandan Denim Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹2.59, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Nandan Denim Ltd?
Nandan Denim Ltd's key financial metrics include: P/E Ratio: 11.22, P/B Ratio: 0.57, ROE: 5.22%, ROCE: 9.27%, Dividend Yield: 0.00%, EPS: ₹0.23, Book Value: ₹4.52, and Debt-to-Equity: 18.05. The company's market cap stands at ₹373.34 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Nandan Denim Ltd stock performing today in the market?
Nandan Denim Ltd stock opened at ₹2.61 and is currently trading at ₹2.59, showing a decline of ₹0.02 (0.77%). The intraday high is ₹2.66 and low is ₹2.57. The trading volume stands at 7,89,533 shares, indicating moderate market participation today.
08What is the P/E ratio of Nandan Denim Ltd and what does it indicate?
Nandan Denim Ltd has a Price-to-Earnings (P/E) ratio of 11.22, which means investors are willing to pay ₹11.22 for every ₹1 of earnings. With an EPS of ₹0.23, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Nandan Denim Ltd (NDL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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