Nandan Denim Limited

NSE: NDL · Unclassified

₹2.50-2.34%06 Nov 2026

Ask the data

Instant answers about Nandan Denim Limited — computed from its filings, no language model

Market cap₹360 cr

Current price₹2.50

High / Low₹3 / ₹2

P/E9.3

P/B0.53

Book value₹4.7

ROE5.7%

ROCE6.2%

Debt / equity0.24

Dividend yield—

EPS (TTM)₹0.27

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,456	1,524	1,090	2,176	2,027	2,010	3,547	2,872
EBITDA	150	99	66	160	84	118	128	90
Operating margin	10.3%	6.5%	6.0%	7.4%	4.2%	5.9%	3.6%	3.1%
Interest	27	43	42	42	53	47	37	18
Depreciation	104	88	78	44	37	41	53	44
Profit before tax	32	-7	-31	92	5	65	46	42
Tax	11	-5	-13	24	5	20	12	9
Net profit	22	-1	0	68	1	45	33	33
EPS ₹	4.59	-0.11	-3.90	4.70	0.06	3.12	0.23	0.23
Operating cash flow	—	—	—	101	141	230	95	144
Capex	—	—	—	-52	18	45	8	5
Dividend paid	—	—	—	0	0	0	0	0
Total assets	—	—	—	—	1,267	1,182	1,274	1,032
Equity	—	—	—	—	540	585	619	651

Quarterly performance

last 35 quarters · ₹ crore

showing latest 8 of 35 periods

	MAR '17	JUN '17	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	MAR '22	JUN '22	SEP '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	382	424	387	357	371	340	389	460	390	366	308	55	351	312	372	360	511	721	780	528	457	554	414	462	579	722	850	926	1,049	1,048	785	500	540	622	608
Operating profit	58	61	41	47	31	36	36	37	27	32	2	-1	-10	26	50	33	47	32	38	23	23	20	27	32	39	32	33	29	34	32	23	21	13	24	24
Operating margin	15.3%	14.4%	10.7%	13.1%	8.4%	10.6%	9.3%	8.1%	6.9%	8.8%	0.8%	-1.2%	-3.0%	8.5%	13.5%	9.2%	9.2%	4.4%	4.9%	4.4%	5.1%	3.7%	6.4%	7.0%	6.7%	4.5%	3.8%	3.1%	3.3%	3.1%	3.0%	4.2%	2.4%	3.9%	4.0%
Other income	19	1	12	3	7	3	1	4	3	1	16	0	15	6	2	2	6	6	3	1	6	3	4	1	26	2	2	2	2	2	2	1	9	2	2
Interest	13	14	15	14	-8	14	7	12	9	11	12	9	13	8	13	11	12	7	12	13	17	12	10	10	15	10	9	9	9	8	7	7	-4	5	5
Depreciation	36	29	32	30	32	24	20	27	19	20	21	16	19	22	22	9	10	12	13	8	8	10	10	10	11	14	14	14	12	12	10	12	11	12	12
Profit before tax	30	19	6	6	14	1	11	3	2	3	-15	-25	-27	3	18	15	31	19	16	3	4	2	11	13	39	11	11	9	15	15	8	4	15	10	10
Tax	-3	2	6	0	6	-4	8	-1	-0	1	-6	-6	-10	0	3	5	9	4	6	3	1	1	2	6	12	4	3	2	4	4	-1	1	6	-4	-2
Net profit	0	0	0	0	0	0	4	3	0	0	-8	0	0	0	0	0	22	15	11	1	3	2	8	8	27	7	9	7	11	11	9	3	10	15	11
EPS ₹	6.69	3.39	0.16	1.09	1.65	-0.26	0.85	0.67	0.46	0.35	-1.58	-4.02	-3.68	0.63	3.18	2.17	4.63	1.07	0.73	0.04	0.21	0.12	0.57	0.55	1.88	0.52	0.06	0.05	0.07	0.08	0.07	0.02	0.07	0.10	0.08
Revenue YoY	—	—	1.3%	-15.7%	—	—	0.5%	28.9%	5.2%	7.7%	-20.7%	-88.0%	-9.9%	-14.8%	20.8%	553.1%	45.5%	93.8%	116.4%	3.3%	-36.6%	-28.9%	-21.5%	—	26.7%	30.2%	105.2%	100.4%	81.1%	45.2%	-7.7%	-46.1%	-48.5%	-40.6%	-22.5%
Profit YoY	—	—	—	—	—	—	—	—	—	—	-286.5%	-100.0%	—	—	—	—	—	—	—	-97.3%	-80.4%	-83.8%	1289.8%	—	794.7%	338.0%	7.1%	-17.3%	-60.8%	49.5%	7.6%	-54.9%	-10.5%	32.1%	21.4%

Earlier results (standalone, Sep '07 – Dec '16)

₹ crore · from BSE, before the NSE XBRL filings begin

Nandan Denim Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†
Revenue	313	378	512	573	705	894	1,097	1,157
Operating profit	30	58	69	82	108	133	165	191
Operating margin	9.7%	15.3%	13.4%	14.3%	15.4%	14.8%	15.1%	16.5%
Other income	—	—	—	—	—	4	3	4
Interest	24	17	17	27	32	32	38	41
Depreciation	22	22	25	33	41	50	60	66
Profit before tax	-1	18	26	26	36	55	71	88
Tax	1	7	8	8	5	16	20	25
Net profit	-2	11	18	19	31	39	51	63

Quarters

showing latest 8 of 38 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†
Revenue	57	98	81	68	85	71	89	69	86	102	121	94	113	113	192	131	149	145	148	174	181	182	168	205	229	221	239	264	277	278	278	281	295	287	294	300	303	235
Operating profit	11	15	14	-13	12	11	21	13	14	16	15	15	16	18	20	21	22	19	20	25	29	26	28	34	36	38	25	40	44	44	38	45	51	48	47	49	49	32
Operating margin	19.3%	15.2%	17.6%	-19.7%	14.1%	15.2%	23.8%	19.3%	15.7%	15.7%	12.4%	15.9%	14.2%	15.7%	10.3%	15.6%	14.6%	13.4%	13.7%	14.4%	16.1%	14.6%	16.6%	16.4%	15.6%	17.3%	10.6%	15.3%	15.9%	15.7%	13.5%	16.1%	17.2%	16.7%	16.0%	16.2%	16.2%	13.5%
Other income	0	0	0	25	0	—	—	—	—	—	—	—	—	—	—	—	2	—	—	—	—	—	—	1	2	0	1	1	1	1	0	1	0	1	2	1	1	1
Interest	4	5	5	4	5	8	7	6	3	4	4	4	3	4	5	6	7	6	7	7	8	8	8	9	9	9	4	10	10	9	8	10	10	10	11	9	9	6
Depreciation	3	4	5	5	5	5	6	6	6	6	6	6	6	6	7	8	8	8	9	10	10	10	11	12	12	13	13	15	15	15	14	17	17	17	16	17	17	17
Profit before tax	3	6	5	2	2	-3	-2	2	4	6	5	5	7	7	8	6	9	5	6	8	11	8	9	14	16	16	9	16	19	20	16	20	24	23	21	23	24	9
Tax	1	1	2	1	1	-1	0	1	2	2	3	2	2	2	2	1	1	2	3	2	3	1	-1	4	8	7	-3	4	7	8	1	4	9	7	5	7	8	1
Net profit	2	5	3	2	1	-2	-2	1	3	4	3	3	4	5	5	5	8	3	3	7	8	7	9	10	8	9	12	11	12	13	15	16	16	16	17	16	16	9
EPS ₹	0.08	0.16	0.08	0.03	0.02	-0.04	-0.05	0.03	0.07	0.09	0.06	0.07	0.10	0.11	0.12	0.11	0.17	0.07	0.56	1.44	1.77	1.56	2.05	2.09	1.81	2.01	2.72	2.52	2.63	2.77	3.36	3.40	3.43	3.44	3.64	3.41	3.39	1.83
Revenue YoY	—	—	—	—	48.3%	-27.6%	9.9%	1.1%	1.1%	43.4%	36.0%	35.8%	31.5%	10.2%	59.4%	39.9%	32.3%	28.5%	-23.1%	32.5%	20.9%	25.6%	13.8%	17.8%	26.8%	21.4%	42.0%	28.6%	20.9%	25.7%	16.5%	6.4%	6.4%	3.5%	5.7%	7.1%	2.8%	-18.1%
Profit YoY	—	—	—	—	-60.2%	-134.3%	-172.2%	-3.3%	222.8%	—	—	101.4%	47.5%	18.0%	109.5%	74.2%	73.5%	-33.7%	-53.2%	26.2%	5.9%	118.4%	263.0%	45.2%	2.6%	28.5%	32.8%	20.6%	44.8%	38.1%	23.6%	35.1%	30.5%	23.8%	8.2%	3.0%	4.4%	-43.8%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 24 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	3.8%	7.7%	8.7%	8.5%	8.3%	5.4%	6.0%	5.9%	5.4%	5.1%	5.6%	5.7%
ROCE	—	—	—	—	—	—	—	—	—	—	—	—	8.5%	12.3%	13.0%	13.1%	12.4%	9.5%	9.7%	9.1%	8.4%	7.8%	6.9%	6.2%
Net margin	0.0%	0.3%	0.5%	0.5%	0.5%	-0.3%	-0.7%	-0.7%	-0.7%	0.0%	0.0%	1.4%	1.1%	2.2%	2.3%	2.0%	1.6%	0.9%	1.0%	1.0%	1.0%	1.2%	1.5%	1.7%
EBITDA margin	10.7%	10.3%	9.0%	8.7%	8.3%	6.5%	5.5%	2.2%	1.7%	6.0%	7.1%	10.1%	5.4%	5.9%	6.0%	5.2%	4.3%	3.6%	3.3%	3.1%	3.3%	3.1%	3.3%	3.6%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	0.70	0.56	0.56	0.51	0.51	0.40	0.40	0.35	0.35	0.18	0.18	0.24
Interest coverage	1.78	2.18	2.18	1.40	1.48	0.83	0.14	-0.45	-0.55	0.26	1.19	2.52	1.60	2.38	2.65	2.70	2.66	2.25	2.42	2.44	2.38	3.39	3.52	3.96
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	1.64	1.70	1.84	2.00	2.35	2.78	3.04	3.09	2.74	2.78	2.37	1.90

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	144	144	144	144	144	144	144	144	144
Other equity / reserves	406	396	406	441	457	475	495	507	533
Total equity	550	540	551	585	602	619	640	651	677
Borrowings	529	465	388	330	308	249	221	117	162
Current liabilities	623	544	435	453	576	536	476	268	395
Non-current liabilities	241	183	164	144	130	120	117	112	121
Total assets	1,414	1,267	1,150	1,182	1,307	1,274	1,232	1,032	1,193
Property, plant & equipment	534	534	516	508	481	459	442	420	400
Capital work-in-progress	9	5	7	1	1	1	1	1	0
Investments	0	0	0	0	1	1	1	1	5
Inventories	181	207	141	168	143	177	126	143	143
Receivables	505	353	322	372	575	511	547	377	543
Cash & equivalents	10	3	7	15	2	3	5	4	3

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	101	141	230	95	144
Cash from investing	-55	-21	-50	10	6
Cash from financing	-35	-145	-168	-117	-149
Capex	-52	18	45	8	5
Free cash flow	154	123	186	87	139
Dividends paid	0	0	0	0	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹400 cr34%

CWIP

₹0 cr0%

Investments

₹5 cr0%

Inventories

₹143 cr12%

Receivables

₹543 cr46%

Cash & equivalents

₹3 cr0%

Other assets

₹98 cr8%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Nandan Denim Limited	360	2.50	9.3	0.53	5.7%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-3.8%

6 months-13.2%

1 year-25.4%

3Y CAGR-52.7%

5Y CAGR-39.5%

10Y CAGR-25.2%

50-day avg₹2.68

200-day avg₹2.61

RSI (14)42

FAQs

What is the share price of Nandan Denim Limited?

Nandan Denim Limited (NDL) closed at ₹2.50 on NSE on 06 Nov 2026.

What is the market cap of Nandan Denim Limited?

₹360 crore at the latest close.

What is the P/E ratio of Nandan Denim Limited?

9.3, on trailing-twelve-month earnings from its filings.

How fast is Nandan Denim Limited growing?

Nandan Denim Limited: revenue has compounded at 12.3% a year over three years; net profit at 246.0% a year. Latest-quarter revenue is down 22.5% year on year, profit up 21.4%.

How profitable is Nandan Denim Limited?

On a trailing-twelve-month basis return on equity is 5.7%, return on capital employed 6.2%, operating margin 3.6%, net margin 1.7%.

How much debt does Nandan Denim Limited have?

Nandan Denim Limited is lightly geared: debt to equity is 0.24 with borrowings of ₹162 cr against cash of ₹3 cr (balance sheet of 2026-09-30). Operating profit covers interest 4.0 times.

Financials parsed from Nandan Denim Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from MAR '17, annual from FY19, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.