Nandan Denim Ltd

₹ 41.0 0.49%
May 17 - close price
About

Nandan Denim Limited is principally engaged in the manufacturing and Sale of fabrics including Denim, Yarn and Shirting etc. [1]

Key Points

Products
The Company manufactures Denim - Knit Denim, Basic Denim, Lightweight shirting, Poly Dobby and Cotton Dobby, Shirting - Indigo dyed checks, Indigo with sulphur, Mélange, grindle, space dyed, slubs and injections types of yarns, and Seasonal collection and Yarn - 100% Cotton, Blended, Special, Open End, Organic Cotton, Core-Spun and 100% dyed. [1][2]

  • Market Cap 587 Cr.
  • Current Price 41.0
  • High / Low 70.0 / 13.6
  • Stock P/E 8.68
  • Book Value 34.9
  • Dividend Yield 0.00 %
  • ROCE 2.66 %
  • ROE -0.53 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.17 times its book value
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of -1.18% over past five years.
  • Company has a low return on equity of 1.56% for last 3 years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
389 460 390 366 308 55 351 312 372 360 511 583
352 423 363 334 306 56 362 285 322 327 464 535
Operating Profit 36 37 27 32 2 -1 -10 26 50 33 47 48
OPM % 9% 8% 7% 9% 1% -1% -3% 8% 14% 9% 9% 8%
1 4 3 1 16 0 15 6 2 2 6 4
Interest 7 12 9 11 12 9 13 8 13 11 12 11
Depreciation 20 27 19 20 21 16 19 22 22 9 10 14
Profit before tax 11 3 2 3 -15 -25 -27 3 18 15 31 27
Tax % 62% -28% -19% 46% 48% 23% 35% 0% 14% 30% 29% 27%
Net Profit 4 3 2 2 -8 -19 -18 3 15 10 22 20
EPS in Rs 0.28 0.22 0.15 0.12 -0.53 -1.34 -1.23 0.21 1.06 0.72 1.54 1.37

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
371 507 574 703 894 1,097 1,157 1,220 1,589 1,456 1,524 1,090 1,827
318 439 496 596 761 931 966 1,034 1,363 1,307 1,419 1,008 1,648
Operating Profit 53 68 78 107 133 165 191 187 226 149 105 82 179
OPM % 14% 13% 14% 15% 15% 15% 17% 15% 14% 10% 7% 8% 10%
5 0 9 2 4 3 4 21 14 13 19 7 14
Interest 17 17 28 32 32 38 41 36 58 27 43 42 47
Depreciation 23 25 33 41 50 60 66 86 121 104 88 78 54
Profit before tax 18 26 26 36 55 71 88 85 61 31 -7 -31 91
Tax % 37% 33% 29% 13% 28% 28% 28% 15% 24% 32% 92% 40%
Net Profit 12 17 19 31 39 51 63 73 46 21 -1 -19 68
EPS in Rs 0.85 1.27 1.38 2.27 2.88 3.77 4.64 5.03 3.22 1.47 -0.04 -1.30 4.69
Dividend Payout % 0% 0% 24% 18% 14% 14% 12% 11% 8% 11% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: -1%
3 Years: -12%
TTM: 78%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 263%
Stock Price CAGR
10 Years: 20%
5 Years: -1%
3 Years: 42%
1 Year: 154%
Return on Equity
10 Years: 10%
5 Years: 6%
3 Years: 2%
Last Year: -1%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
46 46 46 46 46 46 46 48 48 48 48 48 48
Reserves 83 100 113 138 171 213 268 390 426 443 442 423 455
Borrowings 272 260 285 402 452 471 511 638 640 603 522 552 564
90 88 82 92 124 130 193 205 231 170 201 160 298
Total Liabilities 490 494 526 677 792 860 1,018 1,280 1,345 1,264 1,213 1,183 1,365
197 266 301 341 452 437 480 798 737 632 584 503 485
CWIP 66 15 5 54 0 11 90 6 0 15 0 2 71
Investments 3 3 0 0 4 7 7 2 1 1 1 0 0
224 209 220 282 335 405 440 475 607 615 627 678 808
Total Assets 490 494 526 677 792 860 1,018 1,280 1,345 1,264 1,213 1,183 1,365

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
32 62 81 56 88 133 147 169 66 79 155 35
-15 -35 -68 -146 -94 -94 -180 -286 -0 -26 -18 -24
-18 -26 -3 78 10 -26 32 116 -65 -68 -124 -9
Net Cash Flow -1 1 10 -11 4 13 -2 -0 1 -15 13 1

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 126 40 44 47 50 49 39 40 63 69 76 93
Inventory Days 96 117 88 90 81 68 93 96 83 77 52 94
Days Payable 69 46 33 34 34 33 49 60 56 39 46 55
Cash Conversion Cycle 153 110 99 103 97 84 82 76 90 107 83 132
Working Capital Days 142 93 78 88 80 74 69 63 84 111 98 160
ROCE % 9% 11% 12% 13% 14% 16% 17% 13% 11% 5% 4% 3%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
64.73 64.73 64.73 64.73 64.73 64.73 64.73 64.73 64.73 64.73 64.73 64.73
0.32 0.32 0.32 0.53 0.55 1.24 1.51 1.98 2.24 1.66 2.08 1.07
0.04 0.00 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.01 0.01 0.01 0.19 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
34.90 34.93 34.83 34.55 34.70 34.02 33.75 33.27 33.02 33.60 33.18 34.19

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