Nandan Denim

Who are in the management team of Nandan Denim?

As of March 2023, the management team of Nandan Denim includes Jyotiprasad Chiripal (Managing Director), Shaktidan Gadhavi (Whole-time Director), and several independent directors: Giraj Mohan Sharma, Falguni Vasavada, Nalini Nageswaran, Kirit V Joshi, and Rahul Mehta, along with Rinku Patel as Company Secretary & Compliance Officer.

As of March 2023, the management team of Nandan Denim includes the following individuals:<BR><BR>1. **Giraj Mohan Sharma** - Independent Director<BR>2. **Jyotiprasad Chiripal** - Managing Director<BR>3. **Falguni Vasavada** - Independent Director<BR>4. **Shaktidan Gadhavi** - Whole-time Director<BR>5. **Nalini Nageswaran** - Independent Director<BR>6. **Kirit V Joshi** - Independent Director<BR>7. **Rahul Mehta** - Independent Director<BR>8. **Rinku Patel** - Company Secretary & Compliance Officer<BR><BR>This team comprises a mix of independent directors, a managing director, a whole-time director, and a compliance officer, reflecting a diverse governance structure.

What does Nandan Denim do?

Nandan Denim Ltd is a Micro Cap company that manufactures, trades, and exports textiles in the Garments & Apparels industry. As of March 2025, it reported net sales of ₹1,049 Cr and a net profit of ₹11 Cr.

Overview:<BR>Nandan Denim Ltd is a company engaged in the manufacturing, trading, and exporting of textiles within the Garments & Apparels industry, classified as a Micro Cap.<BR><BR>History:<BR>Nandan Denim Ltd was incorporated on August 9, 1994, initially as a private limited company named Nandan Exim Pvt Ltd. It transitioned to a public limited company on January 16, 2004, changing its name to Nandan Exim Ltd, and was rebranded as Nandan Denim Limited during the fiscal year 2013-14. The latest quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 1,049 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 11 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 579 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 17.00<BR>- Industry P/E: 23<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.36<BR>- Return on Equity: 5.41%<BR>- Price to Book: 0.93<BR><BR>Contact Details:<BR>Address: 198/1 203/2 Saijpur-Gopalpur, Pirana Road Piplej Ahmedabad Gujarat : 382405<BR>Tel: 91-9879200199<BR>Email: cs.ndl@chiripalgroup.com<BR>Website: http://www.nandandenim.com

What is the bonus history of the Nandan Denim?

Nandan Denim's recent bonus history includes a 2:1 bonus announced on March 24, 2022, and a 1:1 bonus issued on January 18, 2007. This demonstrates the company's commitment to rewarding its shareholders.

Nandan Denim has a notable bonus history. The most recent bonus issue was a 2:1 bonus announced with an ex-date of March 24, 2022, and a record date of March 25, 2022. Prior to that, the company issued a 1:1 bonus on January 18, 2007, with a record date of January 19, 2007. This reflects the company's approach to rewarding its shareholders over the years.

Has Nandan Denim declared dividend?

Nandan Denim Ltd has declared a 5% dividend, but the dividend yield is 0%. Despite the lack of dividend contributions, the company has shown significant price appreciation over various periods, particularly in the long term.

Nandan Denim Ltd has declared a 5% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Ex-date: 05 Sep 19<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6 months period, the price return was -21.26%, with a dividend return of 0%, resulting in a total return of -21.26%.<BR><BR>In the 1 year period, the price return was -13.46%, with a dividend return of 0%, leading to a total return of -13.46%.<BR><BR>Over the 2 years period, the price return was 96.08%, with a dividend return of 0%, resulting in a total return of 96.08%.<BR><BR>In the 3 years period, the price return was 5.26%, with a dividend return of 0%, leading to a total return of 5.26%.<BR><BR>For the 4 years period, the price return was 160.39%, with a dividend return of 0%, resulting in a total return of 160.39%.<BR><BR>In the 5 years period, the price return was 426.55%, with a dividend return of 0%, leading to a total return of 426.55%.<BR><BR>Overall, while Nandan Denim has declared a dividend, the dividend yield remains at 0%. The total returns over various periods show significant price appreciation, particularly over the longer term, despite the lack of dividend contributions in recent years.

Who are the peers of the Nandan Denim?

Nandan Denim's peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Donear Inds., Rudra Ecovation, Banswara Syntex, and Iris Clothings. Nandan Denim has below average management risk and a 1-year return of 0.55%, higher than Vedant Fashions but lower than Page Industries' 26.58%.

Peers: The peers of Nandan Denim are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Donear Inds., Rudra Ecovation, Banswara Syntex, Iris Clothings.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent. Average management risk is noted at Trident and Banswara Syntex, while Below Average management risk is seen at Nandan Denim, Donear Inds., Rudra Ecovation, and Swaraj Suiting. Growth is Excellent at K P R Mill Ltd and Swaraj Suiting, while Good growth is noted at Nandan Denim and Trent. Below Average growth is found at Page Industries, Vedant Fashions, Trident, Donear Inds., Rudra Ecovation, Banswara Syntex, Iris Clothings, and the rest. Capital Structure is Excellent at K P R Mill Ltd and Page Industries, Good at Trident, Average at Iris Clothings and Banswara Syntex, and Below Average at Nandan Denim, Donear Inds., Rudra Ecovation, and Swaraj Suiting.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Page Industries at 26.58%, while the lowest is Vedant Fashions at -24.55%. Nandan Denim's 1-year return is 0.55%, which is higher than Vedant Fashions but lower than Page Industries. Additionally, Donear Inds., Rudra Ecovation, and Vedant Fashions have negative six-month returns.

Is Nandan Denim overvalued or undervalued?

As of January 2, 2025, Nandan Denim is considered very attractive and undervalued with a PE ratio of 17.18, an EV to EBITDA of 6.22, and a Price to Book Value of 0.93, especially when compared to peers like K P R Mill Ltd and Trident, despite a recent stock performance lagging behind the Sensex.

As of 2 January 2025, Nandan Denim's valuation grade has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently assessed as undervalued, particularly when considering its key ratios: a PE ratio of 17.18, an EV to EBITDA of 6.22, and a Price to Book Value of 0.93. These metrics suggest that the stock is trading at a discount relative to its earnings and asset value.<BR><BR>In comparison to its peers, Nandan Denim stands out favorably; for instance, K P R Mill Ltd is categorized as very expensive with a PE ratio of 47.51, while Trident is rated fair with a PE of 42.6. Additionally, the company's PEG ratio of 0.00 further emphasizes its undervaluation relative to growth expectations. Despite recent stock performance trailing behind the Sensex over the past year, with a return of -8.91% compared to the Sensex's 7.59%, the long-term outlook remains promising, particularly given its substantial 5-year return of 551.85%.

Who are the top shareholders of the Nandan Denim?

The top shareholders of Nandan Denim include Chiripal Industries Limited with 24.96%, individual investors with 36.85%, and Nakshatra Stressed Assets Fund Scheme I at 1.25%. There are no pledged promoter holdings, indicating a strong position among promoters.

The top shareholders of Nandan Denim include Chiripal Industries Limited, which holds the largest stake at 24.96%. The company has a diverse shareholder base, with individual investors collectively owning 36.85%. Additionally, there are six foreign institutional investors (FIIs) holding a total of 0.58%. The highest public shareholder is Nakshatra Stressed Assets Fund Scheme I, with a holding of 1.25%. Notably, there are no pledged promoter holdings, indicating a strong position among the promoters.

How big is Nandan Denim?

As of 24th July, Nandan Denim Ltd has a market capitalization of 548.00 Cr, with net sales of 3546.67 Cr and a net profit of 33.48 Cr over the latest four quarters. Shareholder's funds are 585.20 Cr, and total assets are valued at 1,182.12 Cr.

As of 24th July, <BR><BR>Market Cap: Nandan Denim Ltd has a market capitalization of 548.00 Cr, classifying it as a Micro Cap company. <BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 3546.67 Cr, while the sum of Net Profit for the same period is 33.48 Cr. <BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2024. Shareholder's Funds stand at 585.20 Cr, and Total Assets are valued at 1,182.12 Cr.

Is Nandan Denim technically bullish or bearish?

As of September 23, 2025, Nandan Denim's technical trend is bearish with moderate strength, driven by daily moving averages and weekly indicators, despite a mildly bullish weekly MACD.

As of 23 September 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Nandan Denim is bearish, with a moderate strength. Key indicators driving this stance include the daily moving averages indicating bearishness, the weekly KST and Bollinger Bands also showing bearish signals, and the monthly MACD being mildly bearish. Despite a mildly bullish MACD on the weekly timeframe, the overall trend and other indicators suggest a bearish outlook.

How has been the historical performance of Nandan Denim?

Nandan Denim has experienced significant sales growth, increasing from 1,090.23 Cr in Mar'21 to 3,546.68 Cr in Mar'25, but faced challenges with rising raw material costs and declining profits, with profit after tax dropping from 67.82 Cr in Mar'22 to 33.46 Cr in Mar'25. Overall, while sales have increased, profitability has been impacted by fluctuating costs.

Answer:<BR>The historical performance of Nandan Denim shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>Nandan Denim's net sales have seen a substantial increase, rising from 1,090.23 Cr in Mar'21 to 3,546.68 Cr in Mar'25, with a notable jump from 2,010.09 Cr in Mar'24. Total operating income followed a similar trend, reaching 3,546.68 Cr in Mar'25. However, the raw material costs surged dramatically, from 784.80 Cr in Mar'21 to 3,118.24 Cr in Mar'25, impacting the operating profit, which was 128.20 Cr in Mar'25, slightly up from 118.29 Cr in Mar'24 but down from 160.21 Cr in Mar'22. Profit before tax also decreased from 92.27 Cr in Mar'22 to 45.87 Cr in Mar'25, while profit after tax showed a decline from 67.82 Cr in Mar'22 to 33.46 Cr in Mar'25. The company's total liabilities increased from 1,183.22 Cr in Mar'21 to 1,274.49 Cr in Mar'25, with total debt decreasing from 558.22 Cr in Mar'22 to 248.61 Cr in Mar'25. Cash flow from operating activities was 95.00 Cr in Mar'25, down from 230.00 Cr in Mar'24, leading to a net cash outflow of 12.00 Cr in Mar'25. Overall, while Nandan Denim has experienced growth in sales, rising costs and fluctuating profits indicate challenges in maintaining profitability.

When is the next results date for Nandan Denim Ltd?

The next results date for Nandan Denim Ltd is 12 February 2026.

The next results date for Nandan Denim Ltd is scheduled for 12 February 2026.

Are Nandan Denim Ltd latest results good or bad?

Nandan Denim Ltd's latest Q3 FY26 results are poor, with a net profit decline of 68.57% quarter-over-quarter and a 54.86% drop year-on-year, alongside a significant decrease in net sales. Analysts have issued a "Strong Sell" rating due to deteriorating fundamentals and a negative stock performance of 25.78% over the past year.

Nandan Denim Ltd's latest results for Q3 FY26 indicate a significantly poor performance. The company reported a net profit of ₹2.97 crore, which represents a dramatic decline of 68.57% compared to the previous quarter and a 54.86% drop year-on-year. Similarly, net sales fell to ₹499.53 crore, down 36.34% from the previous quarter and down 46.06% compared to the same quarter last year. <BR><BR>While there was a slight improvement in the operating margin, which rose to 4.21% from 2.99% in the previous quarter, this figure remains low compared to historical performance. The overall financial trend shows severe revenue contraction and profit erosion, raising concerns about the company's operational model and market demand.<BR><BR>Additionally, the stock has underperformed significantly over the past year, with a negative return of 25.78%, contrasting sharply with the Sensex's gain of 9.85%. The company's fundamentals are deteriorating, leading to a "Strong Sell" rating from analysts.<BR><BR>In summary, the latest results are decidedly bad, reflecting ongoing operational challenges and a troubling financial outlook for Nandan Denim Ltd.

Should I buy, sell or hold Nandan Denim Ltd?

Why is Nandan Denim Ltd falling/rising?

As of 16-Mar, Nandan Denim Ltd's stock price is Rs. 2.27, down 6.58%, and has hit a new 52-week low of Rs. 2.21. The stock has declined 21.18% over the past month and 30.15% over the past year, indicating a bearish trend and decreased investor confidence.

As of 16-Mar, Nandan Denim Ltd's stock price is falling, currently at Rs. 2.27, which reflects a decrease of Rs. 0.16 or 6.58%. The stock has been on a downward trend, having underperformed the sector by 5.23% today and experiencing a consecutive decline over the last three days, resulting in a total drop of 9.56% during this period. <BR><BR>Additionally, the stock has hit a new 52-week low of Rs. 2.21 today, indicating a significant decline in value. The performance over various time frames shows that the stock has fallen 21.18% over the past month and 30.15% over the past year, while the benchmark Sensex has only increased by 2.27% in the same one-year period. <BR><BR>Nandan Denim is also trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically signals a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 41.49% compared to the 5-day average. This decline in trading activity suggests a lack of confidence among investors, contributing to the stock's falling price.

Which are the latest news on Nandan Denim?