NDL

Nandan Denim Limited

Denim and allied textiles manufacturer of Chiripal group

Consumer Discretionary›Textiles›Textiles & Apparels›Other Textile Products

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Key metrics

Price as of 2026-10-16

Stock price
₹2.60
Market cap
375 Cr
Stock P/E
10.2
P/B
0.58
ROE (FY26)
5.1%
ROCE (FY26)
7.8%
Operating margin (FY26)
1.6%
Debt / equity (FY26)
0.18
OCF / EBITDA (FY26)
160.6%
OCF / EBITDA (3Y)
139.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Nandan Denim (Chiripal group) is an Ahmedabad-based textile manufacturer that reports a single Textiles segment.

Company snapshot

47thBy market cap

Ranked among 100 companies in Other Textile Products.

What we see

Positives
  • ✓140% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 1.2% — little room for error if costs rise.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales414 Cr462 Cr579 Cr722 Cr850 Cr926 Cr1,049 Cr1,048 Cr785 Cr500 Cr540 Cr622 Cr
Operating expenses (approx.)388 Cr430 Cr540 Cr689 Cr818 Cr897 Cr1,014 Cr1,015 Cr761 Cr478 Cr527 Cr598 Cr
EBITDA27 Cr32 Cr39 Cr32 Cr33 Cr29 Cr34 Cr32 Cr23 Cr21 Cr13 Cr24 Cr
OPM %6.4%7.0%6.7%4.5%3.8%3.1%3.3%3.1%3.0%4.2%2.4%3.9%
Other income4 Cr1 Cr26 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr1 Cr9 Cr2 Cr
Interest10 Cr10 Cr15 Cr10 Cr9 Cr9 Cr9 Cr8 Cr7 Cr7 Cr-3 Cr5 Cr
Depreciation10 Cr10 Cr11 Cr14 Cr14 Cr14 Cr12 Cr12 Cr10 Cr12 Cr11 Cr12 Cr
Profit before tax11 Cr13 Cr39 Cr11 Cr11 Cr9 Cr15 Cr15 Cr8 Cr4 Cr15 Cr10 Cr
Tax %22.9%41.0%30.1%33.7%23.1%23.8%26.9%24.4%-13.6%27.5%36.7%-43.4%
Net profit8 Cr8 Cr27 Cr7 Cr9 Cr7 Cr11 Cr11 Cr9 Cr3 Cr10 Cr15 Cr
EPS (₹)₹0.57₹0.55₹1.88₹0.52₹0.06₹0.05₹0.07₹0.08₹0.07₹0.02₹0.07₹0.10

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,220 Cr1,589 Cr1,456 Cr1,524 Cr1,090 Cr2,176 Cr2,027 Cr2,010 Cr3,547 Cr2,872 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,034 Cr1,363 Cr1,306 Cr1,425 Cr1,024 Cr2,015 Cr1,942 Cr1,892 Cr3,418 Cr2,782 CrSign in free for the trailing twelve months
EBITDA187 Cr226 Cr150 Cr99 Cr66 Cr160 Cr84 Cr118 Cr128 Cr90 CrSign in free for the trailing twelve months
OPM %15.3%14.2%10.3%6.5%6.0%7.4%4.2%5.9%3.6%3.1%Sign in free for the trailing twelve months
Other income21 Cr14 Cr13 Cr24 Cr24 Cr19 Cr12 Cr35 Cr8 Cr14 CrSign in free for the trailing twelve months
Interest36 Cr58 Cr27 Cr43 Cr42 Cr42 Cr53 Cr47 Cr37 Cr18 CrSign in free for the trailing twelve months
Depreciation86 Cr121 Cr104 Cr88 Cr78 Cr44 Cr37 Cr41 Cr53 Cr44 CrSign in free for the trailing twelve months
Profit before tax85 Cr61 Cr33 Cr-6 Cr-31 Cr92 Cr5 Cr65 Cr46 Cr42 CrSign in free for the trailing twelve months
Tax %15.1%23.6%33.5%91.4%40.4%26.5%85.2%30.9%27.0%21.6%Sign in free for the trailing twelve months
Net profit73 Cr47 Cr22 Cr-0.51 Cr-19 Cr68 Cr0.80 Cr45 Cr33 Cr33 CrSign in free for the trailing twelve months
EPS (₹)₹15.19₹9.72₹4.59₹-0.11₹-3.90₹4.70₹0.06₹3.12₹0.23₹0.23Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital48 Cr48 Cr48 Cr48 Cr48 Cr144 Cr144 Cr144 Cr144 Cr144 Cr
Reserves390 Cr427 Cr444 Cr442 Cr423 Cr395 Cr396 Cr441 Cr475 Cr507 Cr
Borrowings580 Cr572 Cr532 Cr474 Cr466 Cr558 Cr465 Cr330 Cr249 Cr117 Cr
Other liabilities263 Cr298 Cr240 Cr248 Cr246 Cr346 Cr262 Cr267 Cr407 Cr263 Cr
Total liabilities1,280 Cr1,345 Cr1,264 Cr1,213 Cr1,183 Cr1,443 Cr1,267 Cr1,182 Cr1,274 Cr1,032 Cr
Fixed assets (net)797 Cr736 Cr632 Cr584 Cr502 Cr537 Cr534 Cr508 Cr459 Cr420 Cr
CWIP6 Cr—15 Cr—2 Cr7 Cr5 Cr0.71 Cr0.71 Cr1 Cr
Investments2 Cr1 Cr1 Cr1 Cr0.29 Cr0.47 Cr0.32 Cr0.76 Cr0.99 Cr1 Cr
Loans & advances——0.14 Cr—0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories216 Cr248 Cr217 Cr163 Cr205 Cr244 Cr207 Cr168 Cr177 Cr143 Cr
Trade receivables135 Cr272 Cr274 Cr319 Cr278 Cr446 Cr353 Cr372 Cr511 Cr377 Cr
Cash & bank17 Cr18 Cr3 Cr16 Cr17 Cr29 Cr3 Cr15 Cr3 Cr4 Cr
Other assets107 Cr70 Cr121 Cr130 Cr178 Cr181 Cr164 Cr118 Cr124 Cr86 Cr
Total assets1,280 Cr1,345 Cr1,264 Cr1,213 Cr1,183 Cr1,443 Cr1,267 Cr1,182 Cr1,274 Cr1,032 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity169 Cr66 Cr79 Cr155 Cr35 Cr101 Cr141 Cr230 Cr95 Cr144 Cr
Cash from investing-286 Cr-0.41 Cr-26 Cr-18 Cr24 Cr-55 Cr-21 Cr-50 Cr10 Cr6 Cr
Cash from financing116 Cr-65 Cr-68 Cr-124 Cr-9 Cr-35 Cr-145 Cr-169 Cr-117 Cr-149 Cr
Net cash flow-0.50 Cr0.69 Cr-15 Cr13 Cr67 Cr40 Cr-25 Cr12 Cr-13 Cr1 Cr
Free cash flow (OCF − Capex)-115 Cr21 Cr60 Cr130 Cr35 Cr101 Cr123 Cr186 Cr87 Cr139 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %12.0%11.4%5.9%3.8%1.2%12.2%5.8%12.3%9.5%7.8%
ROE %16.6%9.8%4.5%-0.1%-4.0%12.6%0.1%7.7%5.4%5.1%
Debtor days40626976937563685248
Inventory days100808156955347382121
Days payable63534145565742433726
Cash conversion cycle7789109871337169633643
OCF / EBITDA %90.5%29.1%52.9%156.0%53.2%63.3%167.1%194.7%74.2%160.6%
OCF / EBITDA % (3 years)——55.8%63.1%85.4%89.5%89.4%130.3%141.0%139.7%
Debt / equity1.321.211.080.970.991.040.860.560.400.18
Current ratio——1.36—1.491.381.321.461.492.25
Net debt / EBITDA3.012.463.53—6.833.315.472.661.921.27