Is Nandan Denim a good quality company?

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

Is Nandan Denim 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 .

What is Nandan Denim share price return in the past 10 years?

Nandan Denim Ltd share price has appreciated 12.2% annually (CAGR) over the past ten years.

Is Nandan Denim a good buy now?

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

Nandan Denim Ltd - Stock Valuation and Financial Performance

Name: Nandan Denim
Brand: Nandan Denim

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

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Nandan Denim Share Price

₹5.12 -0.10 -1.92%
as on 21-Nov'24 16:59

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

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	15.6%	16.4%	12.6%	10.9%	5.2%	3.4%	1.1%	12.7%	5.6%	11.7%	-
Value Creation Index ⓘ	0.1	0.2	-0.1	-0.2	-0.6	-0.8	-0.9	-0.1	-0.6	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,097	1,157	1,220	1,589	1,456	1,524	1,090	2,176	2,027	2,010	2,613
Sales YoY Gr.	-	5.5%	5.5%	30.2%	-8.4%	4.7%	-28.5%	99.6%	-6.8%	-0.8%	-
Adj EPS ⓘ	0.3	0.5	0.5	0.3	0.1	-0.1	-0.1	0.5	-0	0.2	0.4
YoY Gr.	-	45.5%	4.2%	-38%	-54.8%	-142.9%	NA	NA	-104.4%	NA	-
BVPS (₹) ⓘ	1.9	2.3	3	3.3	3.4	3.4	3.3	3.7	3.8	4.1	4.2
Adj Net Profit ⓘ	45.3	66.3	72.6	44.5	20.5	-8.2	-20.2	64.5	-2.9	29.6	52
Cash Flow from Ops. ⓘ	133	147	169	65.6	79.3	155	35	101	141	230	-
Debt/CF from Ops. ⓘ	3.5	3.5	3.8	9.8	7.6	3.4	15.8	5.5	3.3	1.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7%	6.7%	22.6%	-0.8%
Adj EPS ⓘ	-4.9%	8.5%	NA	NA
BVPSⓘ	8.9%	3.6%	7.5%	8.3%
Share Price	12.2%	40.1%	21.9%	113.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	19.1	22.2	18.7	9.8	4.2	-1.7	-4.2	12.8	-0.5	5.3	8.8
Op. Profit Mgn % ⓘ	14.3	16.9	15.4	14.2	10.3	6.9	7.7	7.4	4.2	5.9	5.2
Net Profit Mgn % ⓘ	4.1	5.7	6	2.8	1.4	-0.5	-1.9	3	-0.1	1.5	2
Debt to Equity ⓘ	1.8	1.6	1.5	1.4	1.2	1.1	1.2	1	0.9	0.6	0.1
Working Cap Days ⓘ	120	128	136	122	159	164	221	126	143	122	47
Cash Conv. Cycle ⓘ	68	65	60	64	91	85	115	63	72	64	14

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.70%

Sales growth is growing at healthy rate in last 3 years 22.62%

Debt to equity has declined versus last 3 years average to 0.56

Sales growth is good in last 4 quarters at 59.57%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Nandan Denim Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.4	-
TTM Sales (₹ Cr.)	2,613	-
BVPS (₹.) ⓘ	4.2	-
Reserves (₹ Cr.) ⓘ	457	-
P/BV ⓘ	1.25	-
PE ⓘ	14.66	-

From the Market
52 Week Low / High (₹)	2.38 / 7.33
All Time Low / High (₹)	0.27 / 7.33
Market Cap (₹ Cr.)	752
Equity (₹ Cr.)	144.2
Face Value (₹)	1
Industry PE ⓘ	26.9

Management X-Ray of Nandan Denim:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Nandan Denim

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Nandan Denim

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,097	1,157	1,220	1,589	1,456	1,524	1,090	2,176	2,027	2,010
Operating Expenses ⓘ	940	966	1,034	1,364	1,307	1,425	1,024	2,015	1,943	1,892
Manufacturing Costs	117	118	131	171	166	172	126	196	187	169
Material Costs	758	767	823	1,085	1,026	1,136	798	1,698	1,658	1,630
Employee Cost	44	55	59	80	83	79	51	81	74	74
Other Costs ⓘ	21	27	20	28	32	38	50	41	23	18
Operating Profit ⓘ	157	191	187	225	149	99	66	160	84	118
Operating Profit Margin (%)	14.3%	16.5%	15.3%	14.2%	10.2%	6.5%	6.0%	7.4%	4.1%	5.9%
Other Income ⓘ	12	4	21	15	13	24	24	19	12	35
Interest ⓘ	38	41	36	58	27	43	42	42	53	47
Depreciation ⓘ	60	66	86	121	104	88	78	45	37	41
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	71	88	85	61	31	-7	-31	92	5	65
Tax ⓘ	20	25	13	14	10	-7	-13	24	5	20
Profit After Tax	51	63	73	46	21	-1	-19	68	1	45
PAT Margin (%)	4.7%	5.5%	5.9%	2.9%	1.5%	0.0%	-1.7%	3.1%	0.0%	2.2%
Adjusted EPS (₹)	0.4	0.5	0.5	0.3	0.2	0.0	-0.1	0.5	0.0	0.3
Dividend Payout Ratio (%)	14%	12%	11%	8%	11%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	259	313	438	474	491	490	471	539	540	585
Share Capital ⓘ	46	46	48	48	48	48	48	144	144	144
Reserves ⓘ	213	268	390	426	443	442	423	395	396	441
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	423	445	580	572	532	474	466	475	400	275
Long Term Debt	278	318	422	372	304	263	262	253	163	96
Short Term Debt	145	127	158	201	228	211	204	222	237	179
Trade Payables	68	104	136	166	109	143	120	262	183	187
Others Liabilities ⓘ	144	209	201	132	228	185	128	183	163	154
Total Liabilities ⓘ	894	1,072	1,354	1,345	1,360	1,292	1,185	1,459	1,286	1,201
Fixed Assets
Gross Block	715	824	884	944	943	970	931	997	1,017	1,029
Accumulated Depreciation	278	344	86	207	311	385	429	453	483	520
Net Fixed Assetsⓘ	437	480	797	737	632	584	503	544	534	508
CWIP ⓘ	11	90	6	0	15	0	2	0	5	1
Investmentsⓘ	7	7	2	1	1	1	0	0	0	0
Inventories	141	195	216	248	217	163	205	244	207	168
Trade Receivables	147	122	135	272	274	319	278	446	353	372
Cash Equivalents	60	65	69	27	19	26	30	46	28	56
Others Assetsⓘ	91	112	128	60	201	199	166	179	158	96
Total Assets ⓘ	894	1,072	1,354	1,345	1,360	1,292	1,185	1,459	1,286	1,201

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	133	147	169	66	79	155	35	101	141	230
PBT ⓘ	71	88	85	61	31	-7	-31	92	5	65
Adjustment ⓘ	95	106	104	174	127	137	128	83	84	73
Changes in Working Capital ⓘ	-21	-27	7	-154	-71	30	-61	-59	58	95
Tax Paid ⓘ	-12	-20	-27	-15	-7	-5	-1	-15	-6	-3
Cash Flow From Investing Activity ⓘ	-94	-180	-286	0	-26	-18	-24	-55	-21	-50
Capex	-79	-182	-284	-45	-19	-24	-24	-49	-17	-37
Net Investments	-3	-1	-4	42	-7	6	-2	-7	-6	-15
Others ⓘ	-12	3	2	2	1	1	2	1	1	2
Cash Flow From Financing Activityⓘ	-26	32	116	-65	-68	-124	-9	-34	-145	-169
Net Proceeds from Shares ⓘ	0	0	25	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-18	58	96	-40	-68	-62	40	-12	-108	-67
Interest Paid ⓘ	-39	-40	-36	-58	-27	-42	-43	-41	-52	-43
Dividend Paid ⓘ	-7	-13	0	-9	-5	0	0	0	0	0
Others ⓘ	37	26	31	43	31	-20	-7	19	15	-58
Net Cash Flow ⓘ	13	-2	0	1	-15	13	1	12	-25	12

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	21.64	22.13	19.32	10.16	4.39	-0.12	-3.89	13.41	0.1	7.99
ROCE (%)	15.59	16.38	12.64	10.86	5.24	3.4	1.07	12.66	5.57	11.7
Asset Turnover Ratio	1.27	1.18	1.01	1.18	1.08	1.15	0.89	1.66	1.48	1.63
PAT to CFO Conversion(x)	2.61	2.33	2.32	1.43	3.76	N/A	N/A	1.49	141	5.11
Working Capital Days
Receivable Days	45	43	39	47	69	71	99	60	72	65
Inventory Days	47	53	62	53	58	46	61	37	41	34
Payable Days	30	41	53	51	49	41	60	41	49	41

Nandan Denim Ltd Stock News

Nandan Denim Ltd FAQs

What is the share price of Nandan Denim?

Company share prices are keep on changing according to the market conditions. The closing price of Nandan Denim on 21-Nov-2024 16:59 is ₹5.12.

What is the market cap of Nandan Denim?

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 21-Nov-2024 16:59 the market cap of Nandan Denim stood at ₹752.5.

What is the P/E ratio of Nandan Denim?

The latest P/E ratio of Nandan Denim as of 21-Nov-2024 16:59 is 14.66.

What is the P/B ratio of Nandan Denim?

The latest P/B ratio of Nandan Denim as of 21-Nov-2024 16:59 is 1.25.

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

The 52-week high of Nandan Denim is ₹7.33 and the 52-week low is ₹2.38.

What is the TTM revenue of Nandan Denim?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nandan Denim is ₹2,613 ( 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.

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