Nandan Denim Ltd Stock Analysis

BSE: 532641 | NSE: NDL | Textile | Small Cap

BSE Share Price 06-Dec-2022 18:01
27.40 -0.50 (-1.79%)

DeciZen - Make an Informed Decision on Nandan Denim

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Nandan Denim Price Chart

P/E Ratio (SA) :
8.68
Market Cap :
402.2 Cr.
52-wk low :
24.3
52-wk high :
69.9
Bole Toh?

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 below 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 Weak which suggest that the price of Nandan Denim Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Nandan Denim:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Nandan Denim Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10%9.8%10.3%12%10.2%7.8%3.6%2.1%0.9%8.9%-
Value Creation Index -0.3-0.3-0.3-0.1-0.3-0.5-0.8-0.9-0.9-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7038941,0971,1571,2201,5891,4561,5241,0902,1762,612
YoY Gr. Rt. %-27.1%22.7%5.5%5.5%30.2%-8.4%4.7%-28.5%99.6%-
Adj EPS 22.93.34.953.11.4-0.6-1.44.53.2
YoY Gr. Rt. %-40.7%15.7%46.1%3.7%-38.6%-54.1%-140.1%NANA-
BVPS (₹) 13.415.81922.930.432.9343432.737.438.2
Adj Net Profit 27.839.345.366.372.644.520.5-8.2-20.264.746
Cash Flow from Ops. 56.487.813314716965.679.315535101-
Debt/CF from Ops. 7.15.13.53.53.89.87.63.415.85.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.4%12.3%14.3%99.6%
Adj EPS 9.2%-2.3%46.8%NA
BVPS 124.33.214.4
Share Price 11.4% -12.3% 44.3% -17.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 16.319.619.122.218.79.84.2-1.7-4.212.88.5
Op. Profit Mgn % 14.61514.316.915.414.210.36.97.77.45.4
Net Profit Mgn % 44.44.15.762.81.4-0.5-1.931.8
Debt to Equity 2.22.11.81.61.51.41.21.11.210.4
Working Cap Days 132129120128136122159164221126146
Cash Conv. Cycle 76736865606491851156340

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.50%

Sales growth is growing at healthy rate in last 3 years 14.32%

Net Profit is growing at healthy rate in last 3 years 46.78%

Sales growth is good in last 4 quarters at 75.15%

Debt to equity has increased versus last 3 years average to 1.04

Latest Financials - Nandan Denim Ltd.

Standalone Consolidated
TTM EPS (₹) 3.2 -
TTM Sales (₹ Cr.) 2,612 -
BVPS (₹.) 38.2 -
Reserves (₹ Cr.) 406 -
P/BV 0.73 -
PE 8.68 -
From the Market
52 Week Low / High (₹) 24.25 / 69.90
All Time Low / High (₹) 2.67 / 69.90
Market Cap (₹ Cr.) 402
Equity (₹ Cr.) 144.2
Face Value (₹) 10
Industry PE 24.2

Management X-Ray of Nandan Denim :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Nandan Denim

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Nandan Denim Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nandan Denim on 06-Dec-2022 18:01 is : 27.40.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Dec-2022 18:01 the market cap of Nandan Denim stood at ₹ 402.2.
The latest PE ratio of Nandan Denim as of 06-Dec-2022 18:01 is 8.68.
The latest PB ratio of Nandan Denim as of 06-Dec-2022 18:01 is 0.73
The 52-week high of Nandan Denim is ₹ 69.90 and the 52-week low is ₹ 24.25.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Nandan Denim is ₹ 2,612 ( Cr.) .

About Nandan Denim Ltd

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

  • Chiripal Industries (Fabric Division)
  • Chiripal Industries (Petrochemical Division)
  • Vishal Fabrics
  • Nova Petrochemicals
  • Chiripal Lifestyle (Garment Retail)
  • Vraj Integrated Textile Park
  • Shanti Asiatic School

Awards/ Achievements

The company received an award by SRTEPC for 124% growth in exports

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