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1. Is Nandan Denim Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Nandan Denim Ltd is a average quality company.
2. Is Nandan Denim Ltd undervalued or overvalued?
The key valuation ratios of Nandan Denim Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Nandan Denim Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Nandan Denim Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 9.8% | 10.3% | 12% | 10.2% | 7.8% | 3.6% | 2.1% | 0.9% | 8.9% | 3.3% | - | ||
| Value Creation Index ⓘ | -0.3 | -0.3 | -0.1 | -0.3 | -0.5 | -0.8 | -0.9 | -0.9 | -0.4 | -0.8 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 894 | 1,097 | 1,157 | 1,220 | 1,589 | 1,456 | 1,524 | 1,090 | 2,176 | 2,027 | 1,801 | ||
| YoY Gr. Rt. % | - | 22.7% | 5.5% | 5.5% | 30.2% | -8.4% | 4.7% | -28.5% | 99.6% | -6.8% | - | ||
| Adj EPS ⓘ | 2.9 | 3.3 | 4.9 | 5 | 3.1 | 1.4 | -0.6 | -1.4 | 4.5 | -0.2 | -0.6 | ||
| YoY Gr. Rt. % | - | 15.7% | 46.1% | 3.7% | -38.6% | -54.1% | -140.1% | NA | NA | -104% | - | ||
| BVPS (₹) ⓘ | 15.8 | 19 | 22.9 | 30.4 | 32.9 | 34 | 34 | 32.7 | 37.4 | 37.5 | 37.6 | ||
| Adj Net Profit ⓘ | 39.3 | 45.3 | 66.3 | 72.6 | 44.5 | 20.5 | -8.2 | -20.2 | 64.5 | -2.6 | -8 | ||
| Cash Flow from Ops. ⓘ | 87.8 | 133 | 147 | 169 | 65.6 | 79.3 | 155 | 35 | 101 | 141 | - | ||
| Debt/CF from Ops. ⓘ | 5.1 | 3.5 | 3.5 | 3.8 | 9.8 | 7.6 | 3.4 | 15.8 | 5.5 | 3.3 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 9.5% | 5% | 10% | -6.8% | ||||||||
| Adj EPS ⓘ | -173.5% | -156.6% | NA | -104% | ||||||||
| BVPSⓘ | 10.1% | 2.6% | 3.3% | 0.3% | ||||||||
| Share Price | 9.8% | 1.8% | 54.5% | -16.3% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 19.6 | 19.1 | 22.2 | 18.7 | 9.8 | 4.2 | -1.7 | -4.2 | 12.8 | -0.5 | -1.5 | |
| Op. Profit Mgn % ⓘ | 15 | 14.3 | 16.9 | 15.4 | 14.2 | 10.3 | 6.9 | 7.7 | 7.4 | 4.2 | 3.7 | |
| Net Profit Mgn % ⓘ | 4.4 | 4.1 | 5.7 | 6 | 2.8 | 1.4 | -0.5 | -1.9 | 3 | -0.1 | -0.5 | |
| Debt to Equity ⓘ | 2.1 | 1.8 | 1.6 | 1.5 | 1.4 | 1.2 | 1.1 | 1.2 | 1 | 0.9 | - | |
| Working Cap Days ⓘ | 129 | 120 | 128 | 136 | 122 | 159 | 164 | 221 | 126 | 143 | 0 | |
| Cash Conv. Cycle ⓘ | 73 | 68 | 65 | 60 | 64 | 91 | 85 | 115 | 63 | 72 | 0 | |
Debt to equity has declined versus last 3 years average to 0.86
Return on Equity is Poor
Sales growth has been subdued in last 3 years 9.96%
Sales growth is not so good in last 4 quarters at -29.32%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.6 | - |
| TTM Sales (₹ Cr.) | 1,801 | - |
| BVPS (₹.) ⓘ | 37.6 | - |
| Reserves (₹ Cr.) ⓘ | 398 | - |
| P/BV ⓘ | 0.66 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 15.01 / 30.70 |
| All Time Low / High (₹) | 2.67 / 69.90 |
| Market Cap (₹ Cr.) | 359 |
| Equity (₹ Cr.) | 144.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 38.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Nandan Exim was incorporated in the year 1994 but its actual operations commenced only during the year 1999. Since then, the company is making profit and growing steadily. The name of the company was changed to Nandan Exim with effect from January 16, 2004.
Nandan Exim is housed with one of the most sophisticated weaving plants and other facilities to manufacture superior quality gray cotton fabrics, khakis and denims.
The products manufactured by Nandan Exim are primarily intended for sufficing the needs of the leading customers of the country and exports to the developed markets of the West and South East Asia, Europe & America.
The products manufactured at Nandan Exim are primarily marketed in International as well as domestic market. Within a short span of one year, the company has been able to supply its products to renowned national players as well as exporters. The marketing efforts are concentrated towards having a presence among various customer groups in the international arena like the garment manufacturers, importers, distributors, etc. and readymade garment exporters, renowned brands, distributors & stockists in the national market.
The ultra-modern plant of the company, located at Ahmedabad in Gujarat, employs the latest technology and has the infrastructure and initial installed capacity to produce 7 million meters of 100% cotton & blended gray cotton fabric. The denim project is equipped with an initial production capacity of 10 million meters of denim per year.
Business area of the company
The plant manufactures 100% cotton piece dyed fabric, blended cotton fabric and denim keeping in tune with the fashion and market trends. Also manufactured are fabrics of different weaves, dyes, combination of yarns, weights etc. These fabrics find applications in various outfits and garments. The range of fabrics include denim, twills, stretch, bull denim, broken twills.
Group companies
Awards/ Achievements
The company received an award by SRTEPC for 124% growth in exports
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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