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Nandan Denim Ltd. Stock Analysis

Small Cap
Evaluated by 771 users | BSE: 532641 | NSE: NDL |
Textile
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 6.21%7.1%9.05%9.73%9.84%10.26%12.04%10.17%7.77%3.65%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 3765075747038941,0971,1571,2201,5891,456
Y-o-Y Gr. Rt.-35%13.1%22.5%27.1%22.7%5.5%5.5%30.2%-8.4%
Adjusted EPS (Rs.) 2.743.694.176.118.629.9514.5515.19.264.45
Y-o-Y Gr. Rt.-34.7%13%46.5%41.1%15.4%46.2%3.8%-38.7%-51.9%
Book Value per Share (Rs.) 28.1231.9334.8940.3147.5356.8468.8191.0898.74102.3
Adjusted Net Profit 12.516.81927.839.345.366.372.644.521.4
Net Op. Cash Flow (Rs. Cr.) 32.162.581.356.487.813314716965.679.3
Debt to Cash Flow from Ops 8.464.173.517.115.143.543.483.779.767.61
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Nandan Denim Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 16.2%10.3%8%-8.4%
Adjusted EPS 5.5%-12.4%-32.6%-51.9%
Book Value per Share 15.416.614.13.6
Share Price -2% -32.1% -51.5% -38.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 10.2212.312.4716.2519.6219.0722.1818.79.764.43
Operating Profit Margin (%) 15.6713.2314.6614.5714.9714.2916.8915.3914.1710.32
Net Profit Margin (%) 3.333.323.313.964.394.135.735.952.81.47
Debt to Equity 2.121.791.82.192.091.821.631.461.351.23
Working Capital Days 204159139132129120128136122147
Cash Conversion Cycle 121988176736865606491
Entity Percentage Holding
Promoters 64.73%
Institutions 1.24%
Non-Institutions 34.02%
Pledged *3.323.303.243.223.223.220.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Nandan Denim Ltd.'s performance infers:

Nandan Denim Ltd. earnings have declined by -12.4%, whereas share price has depreciated -32.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Nandan Denim Ltd. share prices over the last 10 years. Here is what we found out:

Nandan Denim Ltd. share price has depreciated -3% annually over the past ten years.

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

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

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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