Nandan Denim Ltd

Nandan Denim Ltd

₹ 37.6 -2.08%
23 Feb - 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] The company produces 2,000+ denim products p.a. making it to be India’s largest
denim manufacturer.[2] The company has 8000+ SKUs in its portfolio.[3]

  • Market Cap 543 Cr.
  • Current Price 37.6
  • High / Low 40.7 / 15.0
  • Stock P/E 26.0
  • Book Value 38.2
  • Dividend Yield 0.00 %
  • ROCE 5.49 %
  • ROE 0.06 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.99 times its book value
  • Company's working capital requirements have reduced from 109 days to 81.1 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.99% over past five years.
  • Company has a low return on equity of 4.25% over last 3 years.

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
311.62 372.22 360.27 510.93 583.18 721.20 779.78 527.59 262.24 457.16 554.37 414.42 462.18
285.17 321.82 327.26 463.70 535.29 689.11 741.84 504.53 262.27 433.77 534.03 387.75 429.85
Operating Profit 26.45 50.40 33.01 47.23 47.89 32.09 37.94 23.06 -0.03 23.39 20.34 26.67 32.33
OPM % 8.49% 13.54% 9.16% 9.24% 8.21% 4.45% 4.87% 4.37% -0.01% 5.12% 3.67% 6.44% 7.00%
6.34 1.79 1.88 6.35 3.88 6.49 3.43 0.64 1.72 5.83 3.39 4.01 1.39
Interest 7.87 12.52 11.38 12.39 10.80 7.49 11.79 12.91 11.31 17.37 11.81 10.33 10.46
Depreciation 21.87 21.83 8.56 9.94 13.91 12.08 13.33 7.62 8.11 8.13 9.68 9.72 9.77
Profit before tax 3.05 17.84 14.95 31.25 27.06 19.01 16.25 3.17 -17.73 3.72 2.24 10.63 13.49
Tax % 0.00% 14.46% 30.30% 28.83% 27.09% 18.78% 35.02% 81.39% 24.53% 18.28% 24.11% 22.86% 40.99%
3.04 15.26 10.42 22.24 19.72 15.43 10.56 0.59 -13.38 3.03 1.71 8.20 7.96
EPS in Rs 0.21 1.06 0.72 1.54 1.37 1.07 0.73 0.04 -0.93 0.21 0.12 0.57 0.55
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
574 703 894 1,097 1,157 1,220 1,589 1,456 1,524 1,090 2,176 2,027 1,888
496 596 761 931 966 1,034 1,363 1,307 1,419 1,008 2,015 1,942 1,785
Operating Profit 78 107 133 165 191 187 226 149 105 82 160 84 103
OPM % 14% 15% 15% 15% 17% 15% 14% 10% 7% 8% 7% 4% 5%
9 2 4 3 4 21 14 13 19 7 19 12 15
Interest 28 32 32 38 41 36 58 27 43 42 42 53 50
Depreciation 33 41 50 60 66 86 121 104 88 78 45 37 37
Profit before tax 26 36 55 71 88 85 61 31 -7 -31 92 5 30
Tax % 29% 13% 28% 28% 28% 15% 24% 32% 92% 40% 27% 85%
19 31 39 51 63 73 46 21 -1 -19 68 1 21
EPS in Rs 1.38 2.27 2.88 3.77 4.64 5.03 3.22 1.47 -0.04 -1.30 4.70 0.06 1.45
Dividend Payout % 24% 18% 14% 14% 12% 11% 8% 11% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 5%
3 Years: 10%
TTM: -18%
Compounded Profit Growth
10 Years: -37%
5 Years: -63%
3 Years: -57%
TTM: 58%
Stock Price CAGR
10 Years: 15%
5 Years: 21%
3 Years: 57%
1 Year: 91%
Return on Equity
10 Years: 9%
5 Years: 4%
3 Years: 4%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 46 46 46 46 46 48 48 48 48 48 144 144 144
Reserves 113 138 171 213 268 390 426 443 442 423 395 396 406
285 402 452 471 511 638 640 603 522 552 558 465 388
82 92 124 130 193 205 231 170 201 160 346 262 211
Total Liabilities 526 677 792 860 1,018 1,280 1,345 1,264 1,213 1,183 1,443 1,267 1,150
301 341 452 437 480 798 737 632 584 503 544 539 517
CWIP 5 54 0 11 90 6 0 15 0 2 0 0 7
Investments 0 0 4 7 7 2 1 1 1 0 0 0 0
220 282 335 405 440 475 607 615 627 678 899 727 626
Total Assets 526 677 792 860 1,018 1,280 1,345 1,264 1,213 1,183 1,443 1,267 1,150

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
81 56 88 133 147 169 66 79 155 35 101 141
-68 -146 -94 -94 -180 -286 -0 -26 -18 -24 -55 -21
-3 78 10 -26 32 116 -65 -68 -124 -9 -34 -145
Net Cash Flow 10 -11 4 13 -2 -0 1 -15 13 1 12 -25

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 44 47 50 49 39 40 63 69 76 93 75 64
Inventory Days 88 90 81 68 93 96 83 77 52 94 52 46
Days Payable 33 34 34 33 49 60 56 39 46 55 56 40
Cash Conversion Cycle 99 103 97 84 82 76 90 107 83 132 71 69
Working Capital Days 59 69 54 58 48 46 69 93 87 161 84 81
ROCE % 12% 13% 14% 16% 17% 13% 11% 5% 4% 3% 13% 5%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
64.73% 64.73% 64.73% 64.73% 64.73% 64.73% 64.74% 64.74% 64.87% 64.87% 64.87% 64.87%
1.98% 2.24% 1.66% 2.08% 1.07% 0.88% 0.47% 0.52% 0.79% 0.56% 0.35% 0.35%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
33.27% 33.02% 33.60% 33.18% 34.19% 34.38% 34.79% 34.75% 34.32% 34.56% 34.77% 34.77%
No. of Shareholders 27,61926,96825,63925,00128,87331,43134,00334,09133,76034,67034,49336,889

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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