Nandan Denim Ltd

Nandan Denim Ltd

₹ 44.0 -0.34%
14 Jun - close price
About

Incorporated in 1994, Nandan Denim Ltd manufactures Denim, Shirting materials, Yarn and various types of fabrics[1]

Key Points

Business Overview:[1][2]
NDL is a part of the Ahmedabad-based Chiripal Group. It is an ISO 17050-1, OEKO-TEX certified manufacturer and distributor of denim fabric, yarn/dyed yarn, cotton fabric, and shirting fabric to consumers in different parts of the globe. Additionally, they provide grey cotton fabric and blend textiles.

  • Market Cap 634 Cr.
  • Current Price 44.0
  • High / Low 48.9 / 17.3
  • Stock P/E 14.1
  • Book Value 40.6
  • Dividend Yield 0.00 %
  • ROCE 11.7 %
  • ROE 7.99 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.08 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.98% 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
372 360 511 583 721 780 528 262 457 554 414 462 579
322 327 464 535 689 742 505 262 434 534 388 430 540
Operating Profit 50 33 47 48 32 38 23 -0 23 20 27 32 39
OPM % 14% 9% 9% 8% 4% 5% 4% -0% 5% 4% 6% 7% 7%
2 2 6 4 6 3 1 2 6 3 4 1 26
Interest 13 11 12 11 7 12 13 11 17 12 10 10 15
Depreciation 22 9 10 14 12 13 8 8 8 10 10 10 11
Profit before tax 18 15 31 27 19 16 3 -18 3 2 11 13 39
Tax % 14% 30% 29% 27% 19% 35% 81% 25% 20% 24% 23% 41% 30%
15 10 22 20 15 11 1 -13 3 2 8 8 27
EPS in Rs 1.06 0.72 1.54 1.37 1.07 0.73 0.04 -0.93 0.19 0.12 0.57 0.55 1.88
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
703 894 1,097 1,157 1,220 1,589 1,456 1,524 1,090 2,176 2,027 2,010
596 761 931 966 1,034 1,363 1,307 1,419 1,008 2,015 1,942 1,892
Operating Profit 107 133 165 191 187 226 149 105 82 160 84 118
OPM % 15% 15% 15% 17% 15% 14% 10% 7% 8% 7% 4% 6%
2 4 3 4 21 14 13 19 7 19 12 35
Interest 32 32 38 41 36 58 27 43 42 42 53 47
Depreciation 41 50 60 66 86 121 104 88 78 45 37 41
Profit before tax 36 55 71 88 85 61 31 -7 -31 92 5 65
Tax % 13% 28% 28% 28% 15% 24% 32% 92% 40% 27% 85% 31%
31 39 51 63 73 46 21 -1 -19 68 1 45
EPS in Rs 2.27 2.88 3.77 4.64 5.03 3.22 1.47 -0.04 -1.30 4.70 0.06 3.12
Dividend Payout % 18% 14% 14% 12% 11% 8% 11% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 7%
3 Years: 23%
TTM: -1%
Compounded Profit Growth
10 Years: 2%
5 Years: 16%
3 Years: 170%
TTM: 14406%
Stock Price CAGR
10 Years: 12%
5 Years: 27%
3 Years: 42%
1 Year: 128%
Return on Equity
10 Years: 8%
5 Years: 4%
3 Years: 7%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 46 46 46 46 48 48 48 48 48 144 144 144
Reserves 138 171 213 268 390 426 443 442 423 395 396 441
402 452 471 511 638 640 603 522 552 558 465 330
92 124 130 193 205 231 170 201 160 346 262 267
Total Liabilities 677 792 860 1,018 1,280 1,345 1,264 1,213 1,183 1,443 1,267 1,182
341 452 437 480 798 737 632 584 503 544 539 508
CWIP 54 0 11 90 6 0 15 0 2 0 0 1
Investments 0 4 7 7 2 1 1 1 0 0 0 0
282 335 405 440 475 607 615 627 678 899 727 673
Total Assets 677 792 860 1,018 1,280 1,345 1,264 1,213 1,183 1,443 1,267 1,182

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
56 88 133 147 169 66 79 155 35 101 141 230
-146 -94 -94 -180 -286 -0 -26 -18 -24 -55 -21 -50
78 10 -26 32 116 -65 -68 -124 -9 -34 -145 -168
Net Cash Flow -11 4 13 -2 -0 1 -15 13 1 12 -25 12

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 47 50 49 39 40 63 69 76 93 75 64 68
Inventory Days 90 81 68 93 96 83 77 52 94 52 46 38
Days Payable 34 34 33 49 60 56 39 46 55 56 40 42
Cash Conversion Cycle 103 97 84 82 76 90 107 83 132 71 69 63
Working Capital Days 69 54 58 48 46 69 93 87 161 84 81 70
ROCE % 13% 14% 16% 17% 13% 11% 5% 4% 3% 13% 5%

Shareholding Pattern

Numbers in percentages

9 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.73% 64.73% 64.73% 64.73% 64.73% 64.74% 64.74% 64.87% 64.87% 64.87% 64.87% 64.87%
2.24% 1.66% 2.08% 1.07% 0.88% 0.47% 0.52% 0.79% 0.56% 0.35% 0.35% 0.48%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
33.02% 33.60% 33.18% 34.19% 34.38% 34.79% 34.75% 34.32% 34.56% 34.77% 34.77% 34.65%
No. of Shareholders 26,96825,63925,00128,87331,43134,00334,09133,76034,67034,49336,88935,585

* 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.

Click on the line-items to see the names of individual entities.

Documents

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