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Last Updated: April 2, 2026, 3:23 am
Author: Getaka|Social: XLinkedIn

Nandan Denim Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1.87Overvalued by 15.00%vs CMP ₹2.20

P/E (9.3) × ROE (5.6%) × BV (₹4.44) × DY (2.00%)

₹3.25Undervalued by 47.73%vs CMP ₹2.20
MoS: +32.3% (Strong)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1.6323%Over (-25.9%)
Graham NumberEarnings₹4.9014%Under (+122.7%)
Earnings PowerEarnings₹0.1811%Over (-91.8%)
DCFCash Flow₹0.7914%Over (-64.1%)
Net Asset ValueAssets₹4.437%Under (+101.4%)
EV/EBITDAEnterprise₹8.529%Under (+287.3%)
Earnings YieldEarnings₹2.407%Fair (+9.1%)
ROCE CapitalReturns₹0.737%Over (-66.8%)
Revenue MultipleRevenue₹12.316%Under (+459.5%)
Consensus (9 models)₹3.25100%Undervalued
Key Drivers: Wide model spread (₹0–₹12) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -12.6%

*Investments are subject to market risks

Investment Snapshot

55
Nandan Denim Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 9.3% AverageROE 5.6% WeakD/E 0.98 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.10% (6mo) Slight increasePromoter holding at 51.0% Stable
Earnings Quality60/100 · Moderate
OPM stable around 5% SteadyWorking capital: 24 days (improving) Efficient
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +10% YoY GrowingProfit (4Q): -31% YoY Declining
Industry Rank55/100 · Moderate
P/E 9.3 vs industry 21.7 Cheaper than peersROCE 9.3% vs industry 15.3% AverageROE 5.6% vs industry 75.1% Below peers3Y sales CAGR: 18% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Nandan Denim Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
60/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 9.3 vs Ind 21.7 | ROCE 9.3% | ROE 5.6% | CFO/NP N/A
Balance Sheet Stress
10/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.98x | IntCov 0.0x | Current 1.49x | Borrow/Reserve 0.45x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹33 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII 0.00 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
-100
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -36.3% | Q NP -68.6% | Q OPM +1.2 pp
Derived FieldValueHow it is derived
Valuation Gap %+47.7%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.45xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change0.00 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-2,961Latest shareholder count minus previous count
Quarterly Sales Change-36.3%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-68.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+1.2 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:23 am

Market Cap 317 Cr.
Current Price 2.20
Intrinsic Value₹3.25
High / Low 4.42/1.80
Stock P/E9.26
Book Value 4.44
Dividend Yield0.00 %
ROCE9.27 %
ROE5.56 %
Face Value 1.00
PEG Ratio-0.74

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Nandan Denim Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Nandan Denim Ltd 317 Cr. 2.20 4.42/1.809.26 4.440.00 %9.27 %5.56 % 1.00
Aarvee Denims & Exports Ltd 390 Cr. 151 197/41.221.8 15.20.00 %37.3 %348 % 10.0
Arvind Ltd 9,191 Cr. 351 405/27221.8 1461.07 %13.0 %9.32 % 10.0
Mittal Life Style Ltd 39.5 Cr. 0.89 1.98/0.7024.1 1.320.00 %4.27 %3.08 % 1.00
Vinny Overseas Ltd 47.9 Cr. 1.03 1.65/0.9431.5 1.770.00 %12.8 %9.36 % 1.00
Industry Average3,299.33 Cr101.2221.6933.750.21%15.33%75.06%4.60

All Competitor Stocks of Nandan Denim Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 262.24457.16554.37414.42462.18579.12721.62850.25926.151,048.651,047.68784.69499.53
Expenses 262.27434.04534.03387.75429.85540.13689.38817.70897.131,014.271,015.27761.26478.49
Operating Profit -0.0323.1220.3426.6732.3338.9932.2432.5529.0234.3832.4123.4321.04
OPM % -0.01%5.06%3.67%6.44%7.00%6.73%4.47%3.83%3.13%3.28%3.09%2.99%4.21%
Other Income 1.725.833.394.011.3925.792.241.921.851.621.541.831.45
Interest 11.3117.3711.8110.3310.4614.639.599.468.629.077.526.906.74
Depreciation 8.118.139.689.729.7711.3913.5913.6013.6212.4111.6110.0511.65
Profit before tax -17.733.452.2410.6313.4938.7611.3011.418.6314.5214.828.314.10
Tax % -24.53%19.71%24.11%22.86%40.99%30.08%33.72%23.05%23.75%26.86%24.43%-13.60%27.56%
Net Profit -13.382.761.718.207.9627.117.498.786.5810.6111.209.452.97
EPS in Rs -0.090.020.010.060.060.190.050.060.050.070.080.070.02

Last Updated: March 3, 2026, 6:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 4:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8941,0971,1571,2201,5891,4561,5241,0902,1762,0272,0103,5473,381
Expenses 7619319661,0341,3631,3071,4191,0082,0151,9431,8923,4183,269
Operating Profit 1331651911872261491058216084118128111
OPM % 15%15%17%15%14%10%7%8%7%4%6%4%3%
Other Income 43421141319719123586
Interest 32384136582743424253473730
Depreciation 5060668612110488784537415346
Profit before tax 557188856131-7-31925654642
Tax % 28%28%28%15%24%32%-92%-40%27%90%31%27%
Net Profit 395163734621-1-19681453334
EPS in Rs 0.290.380.460.500.320.15-0.00-0.130.470.000.310.230.24
Dividend Payout % 14%14%12%11%8%11%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)30.77%23.53%15.87%-36.99%-54.35%-104.76%-1800.00%457.89%-98.53%4400.00%-26.67%
Change in YoY Net Profit Growth (%)0.00%-7.24%-7.66%-52.86%-17.36%-50.41%-1695.24%2257.89%-556.42%4498.53%-4426.67%

Nandan Denim Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:18%
3 Years:18%
TTM:78%
Compounded Profit Growth
10 Years:-4%
5 Years:53%
3 Years:-21%
TTM:-27%
Stock Price CAGR
10 Years:0%
5 Years:35%
3 Years:4%
1 Year:-34%
Return on Equity
10 Years:7%
5 Years:5%
3 Years:5%
Last Year:6%

Last Updated: September 5, 2025, 11:30 am

Balance Sheet

Last Updated: December 10, 2025, 3:08 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4646464848484848144144144144144
Reserves 171213293390426443442423395396441475495
Borrowings 452471511638640603522552558465330249221
Other Liabilities 124130168205231170201160346262267407372
Total Liabilities 7928601,0181,2801,3451,2641,2131,1831,4431,2671,1821,2741,232
Fixed Assets 452437480798737632584503544534508459443
CWIP 0119060150205111
Investments 4772111000011
Other Assets 335405440475607615627678899727673814789
Total Assets 7928601,0181,2801,3451,2641,2131,1831,4431,2671,1821,2741,232

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 8813314716966791553510114123095
Cash from Investing Activity + -94-94-180-286-0-26-18-24-55-21-5010
Cash from Financing Activity + 10-2632116-65-68-124-9-34-145-168-117
Net Cash Flow 413-2-01-1513112-2512-13
Free Cash Flow 654-35-1152160130115212419487
CFO/OP 73%88%87%105%36%58%152%43%73%175%197%78%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-319.00-306.00-320.00-451.00-414.00-454.00-417.00-470.00-398.00-381.00-212.00-121.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 504939406369769375646853
Inventory Days 816893968377529452463821
Days Payable 343349605639465556404237
Cash Conversion Cycle 97848276901078313271696336
Working Capital Days 10108-12236366433272824
ROCE %14%16%16%13%11%5%4%3%13%5%11%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 64.87%64.87%64.87%64.87%64.87%58.46%51.01%51.01%51.01%51.01%51.01%51.01%
FIIs 0.79%0.56%0.35%0.35%0.48%0.60%0.57%0.58%0.58%1.40%0.68%0.68%
DIIs 0.00%0.00%0.00%0.00%0.00%0.07%1.48%1.48%1.25%1.25%1.31%1.31%
Government 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public 34.32%34.56%34.77%34.77%34.65%40.87%46.92%46.91%47.14%46.33%46.98%46.99%
No. of Shareholders 33,76034,67034,49336,88935,58572,14896,0031,35,0941,69,0511,82,2381,88,9341,85,973

Shareholding Pattern Chart

No. of Shareholders

Nandan Denim Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.0010.0010.0010.0010.00
Basic EPS (Rs.) 2.323.120.064.70-3.90
Diluted EPS (Rs.) 2.323.120.064.70-3.90
Cash EPS (Rs.) 0.605.932.637.7912.42
Book Value[Excl.RevalReserv]/Share (Rs.) 4.2940.6037.4937.3998.03
Book Value[Incl.RevalReserv]/Share (Rs.) 4.2940.6037.4937.3998.03
Revenue From Operations / Share (Rs.) 24.60139.45140.60150.93226.90
PBDIT / Share (Rs.) 0.9410.616.6612.4018.58
PBIT / Share (Rs.) 0.577.794.089.322.26
PBT / Share (Rs.) 0.314.520.376.40-6.53
Net Profit / Share (Rs.) 0.233.120.054.70-3.90
PBDIT Margin (%) 3.827.604.738.218.18
PBIT Margin (%) 2.325.582.906.170.99
PBT Margin (%) 1.293.230.264.24-2.87
Net Profit Margin (%) 0.942.230.033.11-1.71
Return on Networth / Equity (%) 5.417.680.1412.58-3.97
Return on Capital Employeed (%) 11.1815.418.1216.591.47
Return On Assets (%) 2.623.800.064.70-1.58
Long Term Debt / Equity (X) 0.100.160.300.460.55
Total Debt / Equity (X) 0.400.560.861.040.98
Asset Turnover Ratio (%) 2.891.641.501.660.91
Current Ratio (X) 1.491.461.321.381.49
Quick Ratio (X) 1.161.090.940.991.03
Inventory Turnover Ratio (X) 20.608.507.107.514.26
Interest Coverage Ratio (X) 3.703.241.804.252.11
Interest Coverage Ratio (Post Tax) (X) 1.911.951.012.610.55
Enterprise Value (Cr.) 732.63738.21661.731413.55583.77
EV / Net Operating Revenue (X) 0.200.360.320.640.53
EV / EBITDA (X) 5.394.836.897.906.54
MarketCap / Net Operating Revenue (X) 0.140.230.110.410.13
Price / BV (X) 0.820.790.411.670.31
Price / Net Operating Revenue (X) 0.140.230.110.410.13
EarningsYield 0.060.090.000.07-0.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Nandan Denim Ltd. is a Public Limited Listed company incorporated on 09/08/1994 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L51909GJ1994PLC022719 and registration number is 022719. Currently Company is involved in the business activities of Spinning, weaving and finishing of textiles. Company's Total Operating Revenue is Rs. 3546.68 Cr. and Equity Capital is Rs. 144.15 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - DenimSurvey No. 198/1, 203/2, Ahmedabad Gujarat 382405Contact not found
Management
NamePosition Held
Mr. Jyotiprasad ChiripalManaging Director
Mr. Shaktidan GadhaviWhole Time Director
Ms. Nalini NageswaranIndependent Director
Mr. Suresh ChatterjeeIndependent Director
Mr. Rahul Narendra MehtaIndependent Director
Mr. Kirit Vaikunthraya JoshiIndependent Director

FAQ

What is the intrinsic value of Nandan Denim Ltd and is it undervalued?

As of 05 April 2026, Nandan Denim Ltd's intrinsic value is ₹3.25, which is 47.73% higher than the current market price of ₹2.20, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (5.56 %), book value (₹4.44), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Nandan Denim Ltd?

Nandan Denim Ltd is trading at ₹2.20 as of 05 April 2026, with a FY2026-2027 high of ₹4.42 and low of ₹1.80. The stock is currently near its 52-week low. Market cap stands at ₹317 Cr..

How does Nandan Denim Ltd's P/E ratio compare to its industry?

Nandan Denim Ltd has a P/E ratio of 9.26, which is below the industry average of 21.69. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Nandan Denim Ltd financially healthy?

Key indicators for Nandan Denim Ltd: ROCE of 9.27 % is on the lower side compared to the industry average of 15.33%; ROE of 5.56 % is below ideal levels (industry average: 75.06%). Dividend yield is 0.00 %.

Is Nandan Denim Ltd profitable and how is the profit trend?

Nandan Denim Ltd reported a net profit of ₹33 Cr in Mar 2025 on revenue of ₹3,547 Cr. Compared to ₹68 Cr in Mar 2022, the net profit shows a declining trend.

Does Nandan Denim Ltd pay dividends?

Nandan Denim Ltd has a dividend yield of 0.00 % at the current price of ₹2.20. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Nandan Denim Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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