Nandan Denim Limited (NDL) AI Stock Analysis

• Market Cap: ₹4.86B
• Dividend Yield: N/A
• Average Volume (3M): 502.55K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 1.59
• Revenue Growth: 77.86%
• EPS Growth: -26.73%
• Country: IN
• Employees: 2,078
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.08
• Shares Outstanding: 1,441,471,700
• 10 Day Avg. Volume: 554,477
• 30 Day Avg. Volume: 502,547
• PEG Ratio: -0.61
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 0.15
• P/FCF Ratio: 6.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹4.00
• Price Target Upside: 18.69% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: ₹4.00 ▲(18.69% Upside)

Nandan Denim Limited's strong financial performance, characterized by robust revenue growth and effective cash management, is the primary driver of its stock score. The technical analysis suggests a neutral market sentiment, while the valuation indicates reasonable pricing. The absence of earnings call data and corporate events means these factors did not influence the score.

Nandan Denim Limited Business Overview & Revenue Model

Company Description

Nandan Denim Limited manufactures and sells denims, denim and shirting fabrics, cotton fabrics, and yarns in India. It also exports its products to approximately 28 countries. The company was formerly known as Nandan Exim Limited and changed its name to Nandan Denim Limited in November 2013. Nandan Denim Limited was incorporated in 1994 and is based in Ahmedabad, India.

How the Company Makes Money

Nandan Denim Limited generates revenue through the production and sale of denim fabrics. The company's revenue model is primarily based on the large-scale manufacturing of denim, which it supplies to garment manufacturers and brands. These customers use NDL's denim in the production of jeans, jackets, and other apparel. The company leverages its extensive manufacturing capabilities and economies of scale to offer competitive pricing, which helps in securing large orders from customers. NDL's earnings are also influenced by its ability to maintain high-quality standards and adapt to fashion trends, which enhances its market position. Furthermore, exports constitute a significant part of its revenue, as the company serves international markets in addition to its domestic clientele.

Nandan Denim Limited Financial Statement Overview

Summary

Nandan Denim Limited presents a robust financial profile with strong revenue growth and improving operational efficiencies. The company is effectively managing its debt, but profitability fluctuations and moderate equity ratios suggest a need for cautious financial planning. Cash flows are notably strong, reinforcing its liquidity position. Continued focus on stabilizing net income and optimizing asset management will be crucial for sustained growth.

Income Statement

Nandan Denim Limited has shown substantial revenue growth, with a remarkable increase from the previous year, indicating strong demand. The gross profit margin improved, but net profit margin remains moderate. The company has successfully increased its EBIT and EBITDA margins, reflecting enhanced operational efficiency. However, net income has fluctuated, highlighting potential volatility in profitability.

Balance Sheet

The company's debt-to-equity ratio has decreased, suggesting improved financial leverage. Stockholders' equity has grown, contributing to a stronger equity position. However, the equity ratio remains moderate, indicating a balanced but cautious capital structure. Asset management appears stable, but there's room for improvement in optimizing liabilities.

Cash Flow

Nandan Denim has demonstrated strong free cash flow growth, showcasing effective cash management. The operating cash flow to net income ratio is healthy, indicating good cash generation relative to earnings. Free cash flow to net income ratio is robust, suggesting efficient capital expenditure management. However, fluctuations in operating and investing cash flows warrant close monitoring.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2022	Dec 2022	Dec 2021
Income Statement
Total Revenue	35.47B	35.47B	20.10B	21.23B	20.27B	10.68B
Gross Profit	3.45B	4.15B	998.20M	2.51B	753.83M	1.57B
EBITDA	1.35B	1.28B	1.53B	1.74B	909.20M	849.67M
Net Income	334.80M	334.80M	449.70M	676.91M	5.32M	-187.18M
Balance Sheet
Total Assets	12.74B	12.74B	11.82B	14.43B	12.67B	11.83B
Cash, Cash Equivalents and Short-Term Investments	262.66M	262.66M	153.10M	286.49M	108.57M	169.28M
Total Debt	2.49B	2.49B	3.30B	5.58B	4.65B	5.53B
Total Liabilities	6.56B	6.56B	5.97B	9.04B	7.27B	7.12B
Stockholders Equity	6.19B	6.19B	5.85B	5.39B	5.40B	4.71B
Cash Flow
Free Cash Flow	0.00	866.94M	1.86B	488.85M	1.23B	101.80M
Operating Cash Flow	0.00	950.70M	2.30B	1.01B	1.41B	349.55M
Investing Cash Flow	0.00	95.62M	-497.72M	-554.30M	-210.81M	-241.27M
Financing Cash Flow	0.00	-1.17B	-1.69B	-342.49M	-1.45B	-94.37M

Nandan Denim Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.37
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NDL, the sentiment is Negative. The current price of 3.37 is below the 20-day moving average (MA) of 3.49, below the 50-day MA of 3.52, and below the 200-day MA of 3.95, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 38.46 is Neutral, neither overbought nor oversold. The STOCH value of 5.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NDL.

Nandan Denim Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LGBBROSLTD	75 Outperform	₹44.97B	14.66	15.86%	1.42%	11.99%	6.85%
NDL	69 Neutral	₹4.86B	13.06	―	―	77.86%	-26.73%
ARVIND	69 Neutral	₹80.31B	22.43	9.34%	1.22%	10.23%	18.42%
GOKEX	64 Neutral	₹54.02B	30.59	7.62%	―	39.03%	21.59%
KITEX	64 Neutral	₹38.14B	30.12	13.43%	0.26%	49.50%	74.50%
AARVEEDEN	45 Neutral	₹4.25B	24.73	51.88%	―	-67.72%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%