What is Nandan Denim Ltd (NDL) share price return in the past 10 years?

Nandan Denim Ltd share price has declined -5.6% annually (CAGR) over the past ten years.

What is the share price of Nandan Denim Ltd (NDL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Nandan Denim Ltd (NDL) on 04-Jun-2026 16:59:59 at 16:59 is 2.58.

What is the P/E ratio of Nandan Denim?

The latest standalone P/E ratio of Nandan Denim as of 04-Jun-2026 is 11.23.

What is the P/B ratio of Nandan Denim Ltd (NDL)?

The latest standalone P/B ratio of Nandan Denim Ltd (NDL) as of 04-Jun-2026 is 0.57.

What is the 52-week high and low of Nandan Denim Ltd (NDL)?

The 52-week high of Nandan Denim Ltd (NDL) is Rs. 4.20 and the 52-week low is Rs. 1.80.

Nandan Denim Ltd (NDL) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Nandan Denim Ltd (NDL)
Brand: Nandan Denim

Nandan Denim Ltd (NDL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532641 NSE: NDL Textile | Small Cap | Nandan Denim Share Price

Nandan Denim Ltd (NDL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532641 NSE: NDL Textile | Small Cap | Nandan Denim Share Price

Key Metrics

Valuation Multiples

Market Cap

₹372 Cr.

Current Price

₹2.6

52-Week Low / High

₹2 / 4

TTM EPS

₹0.2

TTM Sales

₹2,872 Cr.

Book Value per Share

₹4.5

P/E Ratio

11.23

Lower than its 5-year historical median

Industry PE

36.6

Price to Book (P/B)

0.57

Lower than its 5-year historical median

Price to Sales (P/S)

0.13

Lower than its 5-year historical median

EV/EBITDA

4.47

Lower than its 5-year historical median

Dividend Yield

0.00%

Profitability Efficiency

Return on Equity (ROE)

5.56%

Return on Capital Employed (ROCE)

9.27%

Return on Assets (ROA)

2.70%

Operating Profit Margin

3.6%

Net Profit Margin

0.94%

Gross Profit Margin

2.8%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

76.44%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

8.39%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

-25.5%

Asset Quality

Promoter Holding

51.01%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹507 Cr.

Equity

₹144.2 Cr.

Face Value

₹1

All Time Low / High

₹0.27 / 7.33

Nandan Denim stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is Nandan Denim Ltd a good quality company?

Nandan Denim Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Nandan Denim Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Nandan Denim Ltd vs industry peers?

Nandan Denim Ltd revenue CAGR is 18.40%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Nandan Denim Ltd?

Promoters hold 51.01% of the Nandan Denim Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Nandan Denim Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of -6.3% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	16.4%	12.6%	10.9%	5.2%	3.4%	1.1%	12.7%	5.6%	11.7%	9.3%	-
Value Creation Index ⓘ	0.2	-0.1	-0.2	-0.6	-0.8	-0.9	-0.1	-0.6	-0.2	-0.3	-
Growth Parameters ⓘ
Sales ⓘ	1,157	1,220	1,589	1,456	1,524	1,090	2,176	2,027	2,010	3,547	2,872
Sales YoY Gr.	-	5.5%	30.2%	-8.4%	4.7%	-28.5%	99.6%	-6.8%	-0.8%	76.4%	-
Adj EPS ⓘ	0.5	0.5	0.3	0.1	-0.1	-0.1	0.5	-0	0.2	0.2	0.2
YoY Gr.	-	4.2%	-38%	-54.8%	-142.9%	NA	NA	-104.4%	NA	9.5%	-
BVPS (₹) ⓘ	2.3	3	3.3	3.4	3.4	3.3	3.7	3.8	4.1	4.3	4.5
Adj Net Profit ⓘ	66.3	72.6	44.5	20.5	-8.2	-20.3	64.5	-2.9	29.6	33.2	33
Cash Flow from Ops. ⓘ	147	169	65.6	79.3	155	35	101	141	230	95.1	-
Debt/CF from Ops. ⓘ	3.5	3.8	9.8	7.6	3.4	15.8	5.5	3.3	1.4	2.6	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.3%	18.4%	17.7%	76.4%
Adj EPS ⓘ	-7.9%	NA	-20.1%	9.5%
BVPSⓘ	7.2%	4.8%	4.7%	5.7%
Share Price	-5.6%	10.7%	7.8%	-35.7%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	22.2	18.7	9.8	4.2	-1.7	-4.2	12.8	-0.5	5.3	5.5	5.2
Op. Profit Mgn % ⓘ	16.9	15.4	14.2	10.3	6.9	7.7	7.4	4.2	5.9	3.6	3.1
Net Profit Mgn % ⓘ	5.7	6	2.8	1.4	-0.5	-1.9	3	-0.1	1.5	0.9	1.2
Debt to Equity ⓘ	1.6	1.5	1.4	1.2	1.1	1.2	1	0.9	0.6	0.4	0.1
Working Cap Days ⓘ	128	136	120	154	161	221	126	143	122	73	47
Cash Conv. Cycle ⓘ	65	60	62	86	82	115	63	72	71	44	22

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,157	1,220	1,589	1,456	1,524	1,090	2,176	2,027	2,010	3,547
Operating Expenses ⓘ +	966	1,034	1,364	1,307	1,425	1,024	2,015	1,943	1,892	3,418
Manufacturing Costs	118	131	171	166	172	126	196	187	169	180
Material Costs	767	823	1,085	1,026	1,136	798	1,698	1,658	1,630	3,132
Employee Cost	55	59	80	83	79	51	81	74	74	88
Other Costs ⓘ	27	20	28	32	38	50	41	23	18	19
Operating Profit ⓘ	191	187	225	149	99	66	160	84	118	128
Operating Profit Margin (%)	16.5%	15.3%	14.2%	10.2%	6.5%	6.0%	7.4%	4.1%	5.9%	3.6%
Other Income ⓘ +	4	21	15	13	24	24	19	12	35	8
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	41	36	58	27	43	42	42	53	47	37
Depreciation ⓘ	66	86	121	104	88	78	45	37	41	53
Profit Before Tax ⓘ	88	85	61	31	-7	-31	92	5	65	46
Tax ⓘ	25	13	14	10	-7	-13	24	5	20	12
Profit After Tax	63	73	46	21	-1	-19	68	1	45	33
PAT Margin (%)	5.5%	5.9%	2.9%	1.5%	-0.0%	-1.7%	3.1%	0.0%	2.2%	0.9%
Adjusted EPS (₹)	0.5	0.5	0.3	0.2	0.0	-0.1	0.5	0.0	0.3	0.2
Dividend Payout Ratio (%)	11.50%	10.60%	8.30%	11.40%	0%	0%	0%	0%	0%	0%

Valuation of Nandan Denim - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	313	438	474	491	490	471	539	540	585	619
Share Capital ⓘ	46	48	48	48	48	48	144	144	144	144
Reserves ⓘ	268	390	426	443	442	423	395	396	441	475
Debt +	445	580	572	532	474	466	475	400	275	214
Long Term Debt	318	422	372	304	263	262	253	163	96	63
Short Term Debt	127	158	201	228	211	204	222	237	179	151
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	104	136	166	109	143	120	262	183	187	319
Others Liabilities ⓘ	209	201	132	228	185	128	183	163	154	123
Total Liabilities ⓘ	1,072	1,354	1,345	1,360	1,292	1,185	1,459	1,286	1,201	1,275
Fixed Assets
Net Fixed Assets ⓘ +	480	797	737	632	584	503	537	534	508	459
Gross Block	824	884	944	943	970	931	990	1,017	1,029	1,033
Accumulated Depreciation	344	86	207	311	385	429	453	483	520	573
CWIP ⓘ	90	6	0	15	0	2	7	5	1	1
Investments ⓘ	7	2	1	1	1	0	0	0	0	1
Inventories	195	216	248	217	163	205	244	207	168	177
Trade Receivables	122	135	272	274	319	278	446	353	372	511
Cash Equivalents	65	69	27	19	26	30	46	28	56	26
Others Assets ⓘ	112	128	60	201	199	166	179	158	96	100
Total Assets ⓘ	1,072	1,354	1,345	1,360	1,292	1,185	1,459	1,286	1,201	1,275

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	147	169	66	79	155	35	101	141	230	95
PBT ⓘ	88	85	61	31	-7	-31	92	5	65	46
Adjustment ⓘ	106	104	174	127	137	128	83	84	73	83
Changes in Working Capital ⓘ	-27	7	-154	-71	30	-61	-59	58	95	-29
Tax Paid ⓘ	-20	-27	-15	-7	-5	-1	-15	-6	-3	-5
Cash Flow From Investing Activity ⓘ +	-180	-286	-0	-26	-18	-24	-55	-21	-50	10
Capex	-182	-284	-45	-19	-24	-24	-49	-17	-37	-8
Net Investments	-1	-4	42	-7	6	-2	-7	-6	-15	16
Others ⓘ	3	2	2	1	1	2	1	1	2	2
Cash Flow From Financing Activity ⓘ +	32	116	-65	-68	-124	-9	-34	-145	-169	-117
Net Proceeds from Shares ⓘ	0	25	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	58	96	-40	-68	-62	40	-12	-108	-67	-58
Interest Paid ⓘ	-40	-36	-58	-27	-42	-43	-41	-52	-43	-32
Dividend Paid ⓘ	-13	0	-9	-5	0	0	0	0	0	0
Others ⓘ	26	31	43	31	-20	-7	19	15	-58	-27
Net Cash Flow ⓘ	-2	-0	1	-15	13	1	12	-25	12	-13

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	22.13	19.32	10.16	4.39	-0.12	-3.89	13.41	0.1	7.99	5.56
ROCE (%)	16.38	12.64	10.86	5.24	3.4	1.07	12.66	5.57	11.7	9.27
Asset Turnover Ratio	1.18	1.01	1.2	1.12	1.17	0.89	1.66	1.48	1.63	2.88
PAT to CFO Conversion(x)	2.33	2.32	1.43	3.76	N/A	N/A	1.49	141	5.11	2.88
Working Capital Days
Receivable Days	42.50	38.50	46.10	66.10	69.70	99.10	60.10	71.90	65.30	45.20
Inventory Days	53	61.50	52.40	56.20	44.70	61.10	37.30	40.60	33.80	17.70
Payable Days	40.90	53.10	50.80	48.90	40.60	60.20	41	49	33.10	20.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Nandan Denim Ltd FAQs

The current trading price of Nandan Denim on 04-Jun-2026 16:59 is ₹2.58.

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 03-Jun-2026 the market cap of Nandan Denim stood at ₹371.9 Cr

The latest P/E ratio of Nandan Denim as of 03-Jun-2026 is 11.23.

The latest P/B ratio of Nandan Denim as of 03-Jun-2026 is 0.57.

The 52-week high of Nandan Denim is ₹4.20 and the 52-week low is ₹1.80.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nandan Denim is ₹2,872 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nandan Denim Ltd is a average quality company.

The key valuation ratios of Nandan Denim Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nandan Denim Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Nandan Denim Ltd

Nandan Denim was incorporated in 1994 and is a public limited company domiciled in India. Its shares are listed on the National Stock Exchange of India (NSE) and BSE. The registered office of the company is located at Ahmedabad, Gujarat.

The company is the largest, fully vertical set up for manufacturing a whole range of denim fabrics. It manufactures denims and yarn-dyed shirting, and has one of the largest fully integrated manufacturing facility in India. It has one of the most sophisticated and state-of-the-art weaving facilities to manufacture superior quality grey yarn-dyed shirting and denims. It offers an extensive portfolio of fashion denim, shirting and yarn to renowned domestic and international brands, exporters and buying houses worldwide. Its vertically integrated manufacturing facilities are equipped with the latest technologies and world-class machineries and incorporated stringent quality check to guarantee excellence in every product it produces and delivers.

Business area of the company

The company is principally engaged in the manufacturing and sale of fabrics. It offers an extensive portfolio of fashion denim, shirting and yarn to renowned domestic and international brands, exporters and buying houses worldwide.

Products of the company

Denim
Shirting
Yarn

Nandan Denim Ltd (NDL)

Nandan Denim Ltd (NDL)

Nandan Denim stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Nandan Denim - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Nandan Denim Ltd FAQs

About Nandan Denim Ltd

About MoneyWorks4Me

Our Vision

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Nandan Denim Ltd (NDL)

Nandan Denim Ltd (NDL)

Nandan Denim stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Nandan Denim - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Nandan Denim Ltd FAQs

What is the share price of Nandan Denim?

What is the market cap of Nandan Denim?

What is the P/E ratio of Nandan Denim?

What is the P/B ratio of Nandan Denim?

What is the 52-week high and low of Nandan Denim?

What is the TTM revenue of Nandan Denim?

Is Nandan Denim Ltd a good quality company?

Is Nandan Denim Ltd undervalued or overvalued?

Is Nandan Denim Ltd a good buy now?

About Nandan Denim Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.