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Last Updated on: 22 February, 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. Vedprakash D ChiripalChairman
Mr. Jyotiprasad ChiripalManaging Director
Mr. Giraj Mohan SharmaIndependent Director
Ms. Falguni VasavadaIndependent Director
Mr. Rahul Narendra MehtaIndependent Director
Mr. Kirit Vaikunthraya JoshiIndependent Director
Mr. Shaktidan GadhaviWhole Time Director

Nandan Denim Ltd. Share Price Update

Share PriceValue
Today₹35.14
Previous Day₹36.98

Basic Stock Data of Nandan Denim Ltd

Market Cap 567 Cr.
Current Price 39.3
High / Low39.4/15.0
Stock P/E27.1
Book Value 38.2
Dividend Yield0.00 %
ROCE5.49 %
ROE0.06 %
Face Value 10.0

Data Source: screener.in

Competitors of Nandan Denim Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
United Polyfab Gujarat Ltd 225 Cr. 97.9125/71.229.2 29.90.00 %9.81 %9.47 % 10.0
Mittal Life Style Ltd 76.9 Cr. 2.603.25/0.69105 1.080.00 %2.30 %1.15 % 1.00
Vinny Overseas Ltd 105 Cr. 4.5216.8/2.4224.7 1.280.00 %10.5 %8.90 % 1.00
Aarvee Denims & Exports Ltd 86.3 Cr. 36.843.1/16.2 12.70.00 %10.5 %71.2 % 10.0
Industry Average123.3 Cr35.4639.7311.240%8.28%22.68%5.5

Nandan Denim Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales351.24311.62372.22360.27510.93583.18721.20779.78527.59262.24457.16554.37414.42
Expenses361.70285.17321.82327.26463.70535.29689.11741.84504.53262.27433.77534.03387.75
Operating Profit-10.4626.4550.4033.0147.2347.8932.0937.9423.06-0.0323.3920.3426.67
OPM %-2.98%8.49%13.54%9.16%9.24%8.21%4.45%4.87%4.37%-0.01%5.12%3.67%6.44%
Other Income14.896.341.791.886.353.886.493.430.641.725.833.394.01
Interest12.867.8712.5211.3812.3910.807.4911.7912.9111.3117.3711.8110.33
Depreciation18.8721.8721.838.569.9413.9112.0813.337.628.118.139.689.72
Profit before tax-27.303.0517.8414.9531.2527.0619.0116.253.17-17.733.722.2410.63
Tax %35.13%0.00%14.46%30.30%28.83%27.09%18.78%35.02%81.39%24.53%18.28%24.11%22.86%
Net Profit-17.713.0415.2610.4222.2419.7215.4310.560.59-13.383.031.718.20
EPS in Rs-1.230.211.060.721.541.371.070.730.04-0.930.210.120.57

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

Nandan Denim Ltd 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:15%
5 Years:21%
3 Years:60%
1 Year:94%
Return on Equity
10 Years:9%
5 Years:4%
3 Years:4%
Last Year:0%

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

Nandan Denim Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters64.73%64.73%64.73%64.73%64.73%64.73%64.74%64.74%64.87%64.87%64.87%64.87%
FIIs1.98%2.24%1.66%2.08%1.07%0.88%0.47%0.52%0.79%0.56%0.35%0.35%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public33.27%33.02%33.60%33.18%34.19%34.38%34.79%34.75%34.32%34.56%34.77%34.77%
No. of Shareholders27,61926,96825,63925,00128,87331,43134,00334,09133,76034,67034,49336,889

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 of Nandan Denim Ltd Stock

Fair Value: ₹0.63

The stock is overvalued by 98.39% compared to the current price ₹39.3

*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 is trading at a high valuation with an average P/B ratio of 19.46 and average Dividend Yield of 3.29%.
  2. The stock has a low average ROCE of 10.50%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 75.75, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 91.08, which may not be favorable.
  5. The company has higher borrowings (499.00) compared to reserves (324.92), which may suggest financial risk.

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