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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Nandan Denim Ltd

About the Company - Nandan Denim Ltd

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 Finishing of cotton and blended cotton textiles.. Company’s Total Operating Revenue is Rs. 2175.57 Cr. and Equity Capital is Rs. 144.15 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - DenimSurvey No. 198/1, 203/2, Ahmedabad Gujarat 382405cs.ndl@chiripalgroup.com
http://www.nandandenim.com
Management
NamePosition Held
Mr. Jyotiprasad ChiripalManaging Director
Mr. Giraj Mohan SharmaIndependent Director
Mr. Rahul Narendra MehtaIndependent Director
Mr. Kirit Vaikunthraya JoshiIndependent Director
Mr. Shaktidan GadhaviWhole Time Director
Ms. Nalini NageswaranIndependent Director

Basic Stock Data of Nandan Denim Ltd

Last Updated: May 30, 2024, 6:19 am

Market Cap 551 Cr.
Current Price 38.2
High / Low48.6/17.3
Stock P/E26.4
Book Value 38.2
Dividend Yield0.00 %
ROCE5.49 %
ROE0.06 %
Face Value 10.0
PEG Ratio132.53

Competitors of Nandan Denim Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Vinny Overseas Ltd 96.8 Cr. 4.166.45/2.4222.7 1.280.00 %10.5 %8.90 % 1.00
Mittal Life Style Ltd 57.7 Cr. 1.953.25/1.2652.5 1.110.00 %2.14 %3.45 % 1.00
Aarvee Denims & Exports Ltd 66.7 Cr. 28.443.1/17.0 12.70.00 %10.5 %71.2 % 10.0
Industry Average73.73 Cr11.5025.075.030.00%7.71%27.85%4.00

Nandan Denim Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales311.62372.22360.27510.93583.18721.20779.78527.59262.24457.16554.37414.42462.18
Expenses285.17321.82327.26463.70535.29689.11741.84504.53262.27433.77534.03387.75429.85
Operating Profit26.4550.4033.0147.2347.8932.0937.9423.06-0.0323.3920.3426.6732.33
OPM %8.49%13.54%9.16%9.24%8.21%4.45%4.87%4.37%-0.01%5.12%3.67%6.44%7.00%
Other Income6.341.791.886.353.886.493.430.641.725.833.394.011.39
Interest7.8712.5211.3812.3910.807.4911.7912.9111.3117.3711.8110.3310.46
Depreciation21.8721.838.569.9413.9112.0813.337.628.118.139.689.729.77
Profit before tax3.0517.8414.9531.2527.0619.0116.253.17-17.733.722.2410.6313.49
Tax %0.00%14.46%30.30%28.83%27.09%18.78%35.02%81.39%24.53%18.28%24.11%22.86%40.99%
Net Profit3.0415.2610.4222.2419.7215.4310.560.59-13.383.031.718.207.96
EPS in Rs0.211.060.721.541.371.070.730.04-0.930.210.120.570.55

Last Updated: April 10, 2024, 4:19 am

Nandan Denim Ltd Quarterly Chart

Nandan Denim Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5747038941,0971,1571,2201,5891,4561,5241,0902,1762,0271,688
Expenses4965967619319661,0341,3631,3071,4191,0082,0151,9421,618
Operating Profit78107133165191187226149105821608470
OPM %14%15%15%15%17%15%14%10%7%8%7%4%4%
Other Income92434211413197191215
Interest28323238413658274342425351
Depreciation3341506066861211048878453736
Profit before tax2636557188856131-7-31925-1
Tax %29%13%28%28%28%15%24%32%92%40%27%85%
Net Profit1931395163734621-1-19681-0
EPS in Rs1.382.272.883.774.645.033.221.47-0.04-1.304.700.06-0.03
Dividend Payout %24%18%14%14%12%11%8%11%0%0%0%0%

Nandan Denim Ltd Profit & Loss Yearly Chart

Growth

Compounded Sales Growth
10 Years:11%
5 Years:5%
3 Years:10%
TTM:-18%
Compounded Profit Growth
10 Years:-37%
5 Years:-63%
3 Years:-57%
TTM:58%
Stock Price CAGR
10 Years:11%
5 Years:18%
3 Years:36%
1 Year:83%
Return on Equity
10 Years:9%
5 Years:4%
3 Years:4%
Last Year:0%

Last Updated: May 25, 2024, 11:10 am

Nandan Denim Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital46464646464848484848144144144
Reserves113138171213268390426443442423395396406
Borrowings285402452471511638640603522552558465388
Other Liabilities8292124130193205231170201160346262211
Total Liabilities5266777928601,0181,2801,3451,2641,2131,1831,4431,2671,150
Fixed Assets301341452437480798737632584503544539517
CWIP55401190601502007
Investments0047721110000
Other Assets220282335405440475607615627678899727626
Total Assets5266777928601,0181,2801,3451,2641,2131,1831,4431,2671,150

Nandan Denim Ltd Reserves and Borrowings Chart

Nandan Denim Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 815688133147169667915535101141
Cash from Investing Activity -68-146-94-94-180-286-0-26-18-24-55-21
Cash from Financing Activity -37810-2632116-65-68-124-9-34-145
Net Cash Flow10-11413-2-01-1513112-25

Nandan Denim Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days444750493940636976937564
Inventory Days889081689396837752945246
Days Payable333434334960563946555640
Cash Conversion Cycle991039784827690107831327169
Working Capital Days5969545848466993871618481
ROCE %12%13%14%16%17%13%11%5%4%3%13%5%

Nandan Denim Ltd Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters64.73%64.73%64.73%64.73%64.73%64.74%64.74%64.87%64.87%64.87%64.87%64.87%
FIIs2.24%1.66%2.08%1.07%0.88%0.47%0.52%0.79%0.56%0.35%0.35%0.48%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public33.02%33.60%33.18%34.19%34.38%34.79%34.75%34.32%34.56%34.77%34.77%34.65%
No. of Shareholders26,96825,63925,00128,87331,43134,00334,09133,76034,67034,49336,88935,585

Nandan Denim Ltd Shareholding Pattern Chart

No. of Nandan Denim Ltd Shareholders

This stock is not held by any mutual fund

Nandan Denim Ltd ROCE Trend

Nandan Denim Ltd EPS Trend

Nandan Denim Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.064.70-3.90-0.114.59
Diluted EPS (Rs.)0.064.70-3.90-0.114.59
Cash EPS (Rs.)2.637.7912.4218.1526.32
Book Value[Excl.RevalReserv]/Share (Rs.)37.4937.3998.03102.05102.30
Book Value[Incl.RevalReserv]/Share (Rs.)37.4937.3998.03102.05102.30
Dividend / Share (Rs.)0.000.000.000.000.50
Revenue From Operations / Share (Rs.)140.60150.93226.90317.23303.03
PBDIT / Share (Rs.)6.6612.4018.5825.7133.97
PBIT / Share (Rs.)4.089.322.267.4612.24
PBT / Share (Rs.)0.376.40-6.53-1.506.62
Net Profit / Share (Rs.)0.054.70-3.90-0.104.59
PBDIT Margin (%)4.738.218.188.1011.21
PBIT Margin (%)2.906.170.992.354.03
PBT Margin (%)0.264.24-2.87-0.472.18
Net Profit Margin (%)0.033.11-1.71-0.031.51
Return on Networth / Equity (%)0.1412.58-3.97-0.104.49
Return on Capital Employeed (%)8.1216.591.474.667.19
Return On Assets (%)0.064.70-1.58-0.041.74
Long Term Debt / Equity (X)0.300.460.550.530.61
Total Debt / Equity (X)0.861.040.980.961.08
Asset Turnover Ratio (%)1.501.660.911.231.12
Current Ratio (X)1.321.381.491.401.36
Quick Ratio (X)0.940.991.031.030.87
Inventory Turnover Ratio (X)7.107.514.265.574.20
Dividend Payout Ratio (NP) (%)0.000.000.000.0017.41
Dividend Payout Ratio (CP) (%)0.000.000.000.003.03
Earning Retention Ratio (%)0.000.000.000.0082.59
Cash Earning Retention Ratio (%)0.000.000.000.0096.97
Interest Coverage Ratio (X)1.804.252.112.876.05
Interest Coverage Ratio (Post Tax) (X)1.012.610.550.981.82
Enterprise Value (Cr.)661.731413.55583.77522.02769.12
EV / Net Operating Revenue (X)0.320.640.530.340.52
EV / EBITDA (X)6.897.906.544.234.71
MarketCap / Net Operating Revenue (X)0.110.410.130.040.17
Retention Ratios (%)0.000.000.000.0082.58
Price / BV (X)0.411.670.310.150.52
Price / Net Operating Revenue (X)0.110.410.130.040.17
EarningsYield0.000.07-0.12-0.010.08

Nandan Denim Ltd Profitability Ratios (%)

Nandan Denim Ltd Liquidity Ratios

Nandan Denim Ltd Liquidity Ratios (%)

Nandan Denim Ltd Interest Coverage Ratios (%)

Nandan Denim Ltd Valuation Ratios

Fair Value

Fair Value: ₹0.62

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 98.38% compared to the current price ₹38.2

Intrinsic Value: ₹0.62

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 98.38% compared to the current price ₹38.2

Last 5 Year EPS CAGR: 0.20%

*Investments are subject to market risks

Strength and Weakness of Nandan Denim Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (167.92 cr) and profit (39.31 cr) over the years.
  1. The stock has a low average ROCE of 10.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 75.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 91.08, which may not be favorable.
  4. The company has higher borrowings (499.00) compared to reserves (324.92), which may suggest financial risk.

FAQ

What is the latest fair value of Nandan Denim Ltd?

The latest fair value of Nandan Denim Ltd is ₹0.62.

What is the Market Cap of Nandan Denim Ltd?

The Market Cap of Nandan Denim Ltd is 551 Cr..

What is the current Stock Price of Nandan Denim Ltd as on 30 May 2024?

The current stock price of Nandan Denim Ltd as on 30 May 2024 is ₹38.2.

What is the High / Low of Nandan Denim Ltd stocks in FY 2024?

In FY 2024, the High / Low of Nandan Denim Ltd stocks is 48.6/17.3.

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

The Stock P/E of Nandan Denim Ltd is 26.4.

What is the Book Value of Nandan Denim Ltd?

The Book Value of Nandan Denim Ltd is 38.2.

What is the Dividend Yield of Nandan Denim Ltd?

The Dividend Yield of Nandan Denim Ltd is 0.00 %.

What is the ROCE of Nandan Denim Ltd?

The ROCE of Nandan Denim Ltd is 5.49 %.

What is the ROE of Nandan Denim Ltd?

The ROE of Nandan Denim Ltd is 0.06 %.

What is the Face Value of Nandan Denim Ltd?

The Face Value of Nandan Denim Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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