Nandan Denim Ltd - Stock Valuation and Financial Performance

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

Nandan Denim Share Price

49.43 -1.18 -2.33%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Nandan Denim

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Nandan Denim stock performance -

mw4me loader
P/E Ratio (SA):
15.84
Market Cap:
712.5 Cr.
52-wk low:
17.3
52-wk high:
58

Is Nandan Denim Ltd an attractive stock to invest in?

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 Overvalued 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

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
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 8941,0971,1571,2201,5891,4561,5241,0902,1762,0272,010
Sales YoY Gr.-22.7%5.5%5.5%30.2%-8.4%4.7%-28.5%99.6%-6.8%-
Adj EPS 2.93.34.953.11.4-0.6-1.44.5-0.23.1
YoY Gr.-15.7%46.1%3.7%-38.6%-54.1%-140.1%NANA-104%-
BVPS (₹) 15.81922.930.432.9343432.737.437.540.6
Adj Net
Profit
39.345.366.372.644.520.5-8.2-20.264.5-2.645
Cash Flow from Ops. 87.813314716965.679.315535101141-
Debt/CF from Ops. 5.13.53.53.89.87.63.415.85.53.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.5%5%10%-6.8%
Adj EPS -173.5%-156.6%NA-104%
BVPS10.1%2.6%3.3%0.3%
Share Price 13.1% 33.2% 39.3% 159.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
19.619.122.218.79.84.2-1.7-4.212.8-0.58
Op. Profit
Mgn %
1514.316.915.414.210.36.97.77.44.25.9
Net Profit
Mgn %
4.44.15.762.81.4-0.5-1.93-0.12.2
Debt to
Equity
2.11.81.61.51.41.21.11.210.90.2
Working Cap
Days
12912012813612215916422112614359
Cash Conv.
Cycle
73686560649185115637218

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.00%

Debt to equity has declined versus last 3 years average to 0.86

Sales growth is good in last 4 quarters at 13.14%

Sales growth has been subdued in last 3 years 9.96%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Nandan Denim Ltd.

Standalone Consolidated
TTM EPS (₹) 3.1 -
TTM Sales (₹ Cr.) 2,010 -
BVPS (₹.) 40.6 -
Reserves (₹ Cr.) 441 -
P/BV 1.22 -
PE 15.84 -
From the Market
52 Week Low / High (₹) 17.26 / 57.95
All Time Low / High (₹) 2.67 / 69.90
Market Cap (₹ Cr.) 713
Equity (₹ Cr.) 144.2
Face Value (₹) 10
Industry PE 29.4

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8941,0971,1571,2201,5891,4561,5241,0902,1762,027
Operating Expenses 7619409661,0341,3641,3071,4251,0242,0151,942
Manufacturing Costs89117118131171166172126196187
Material Costs6257587678231,0851,0261,1367981,6981,658
Employee Cost 31445559808379518174
Other Costs 16212720283238504123
Operating Profit 132157191187225149996616084
Operating Profit Margin (%) 14.8%14.3%16.5%15.3%14.2%10.2%6.5%6.0%7.4%4.2%
Other Income 412421151324241912
Interest 32384136582743424253
Depreciation 5060668612110488784537
Exceptional Items 0000000000
Profit Before Tax 557188856131-7-31925
Tax 162025131410-7-13245
Profit After Tax 395163734621-1-19681
PAT Margin (%) 4.4%4.7%5.5%5.9%2.9%1.5%0.0%-1.7%3.1%0.0%
Adjusted EPS (₹)2.93.84.65.03.21.50.0-1.34.70.1
Dividend Payout Ratio (%)14%14%12%11%8%11%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 217259313438474491490471539540
Share Capital 4646464848484848144144
Reserves 171213268390426443442423395396
Minority Interest0000000000
Debt389423445580572532474466475400
Long Term Debt281278318422372304263262253163
Short Term Debt108145127158201228211204222237
Trade Payables5868104136166109143120262183
Others Liabilities 163144209201132228185128183163
Total Liabilities 8268941,0721,3541,3451,3601,2921,1851,4591,286

Fixed Assets

Gross Block6707158248849449439709319971,022
Accumulated Depreciation21827834486207311385429453483
Net Fixed Assets452437480797737632584503544539
CWIP 0119060150200
Investments 4772111000
Inventories139141195216248217163205244207
Trade Receivables121147122135272274319278446353
Cash Equivalents 26606569271926304628
Others Assets849111212860201199166179158
Total Assets 8268941,0721,3541,3451,3601,2921,1851,4591,286

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 88133147169667915535101141
PBT 557188856131-7-31925
Adjustment 78951061041741271371288384
Changes in Working Capital -36-21-277-154-7130-61-5958
Tax Paid -9-12-20-27-15-7-5-1-15-6
Cash Flow From Investing Activity -94-94-180-2860-26-18-24-55-21
Capex -82-79-182-284-45-19-24-24-49-17
Net Investments -4-3-1-442-76-2-7-6
Others -8-1232211211
Cash Flow From Financing Activity 10-2632116-65-68-124-9-34-145
Net Proceeds from Shares 00025000000
Net Proceeds from Borrowing 43-185896-40-68-6240-12-108
Interest Paid -30-39-40-36-58-27-42-43-41-52
Dividend Paid -10-7-130-9-50000
Others 73726314331-20-71915
Net Cash Flow 413-201-1513112-25
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)19.6521.6422.1319.3210.164.39-0.12-3.8913.410.15
ROCE (%)13.8715.5816.3812.6410.865.243.41.0712.665.59
Asset Turnover Ratio1.171.271.181.011.181.081.150.891.661.48
PAT to CFO Conversion(x)2.262.612.332.321.433.76N/AN/A1.49141
Working Capital Days
Receivable Days43454339476971996072
Inventory Days53475362535846613741
Payable Days30304153514941604149

Nandan Denim Ltd Stock News

Nandan Denim Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nandan Denim on 12-Jul-2024 16:01 is ₹49.43.
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 12-Jul-2024 16:01 the market cap of Nandan Denim stood at ₹712.5.
The latest P/E ratio of Nandan Denim as of 12-Jul-2024 16:01 is 15.84.
The latest P/B ratio of Nandan Denim as of 12-Jul-2024 16:01 is 1.22.
The 52-week high of Nandan Denim is ₹57.95 and the 52-week low is ₹17.26.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nandan Denim is ₹2,010 ( 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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