Nandan Denim Limited (IN:NDL)
:NDL
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Nandan Denim Limited
(NDL)
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Rating:60Neutral
Price Target:
₹2.50
▼(-15.82% Downside)
Action:ReiteratedDate:04/07/26
The score is primarily supported by solid financial performance, especially strong cash flow and improving operating efficiency. It is held back by mixed-to-weak technical signals versus key longer-term moving averages and a relatively high P/E valuation with no dividend yield information to offset it.
Positive Factors
Free cash flow strength
Sustained free cash flow growth strengthens the firm's ability to self-fund capital expenditure, service debt, and withstand apparel-cycle swings. Durable cash generation supports capacity maintenance, selective reinvestment and financial flexibility over the next 2–6 months.
Negative Factors
Moderate net margins
Despite margin gains at gross and operating levels, moderate and variable net margins limit durable earnings retention. Exposure to cost swings and one-off items can compress net profitability and reduce predictability of distributable cash over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow strength
Sustained free cash flow growth strengthens the firm's ability to self-fund capital expenditure, service debt, and withstand apparel-cycle swings. Durable cash generation supports capacity maintenance, selective reinvestment and financial flexibility over the next 2–6 months.
Read all positive factors
Nandan Denim Limited (NDL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.78B
Dividend YieldN/A
Average Volume (3M)401.47K
Price to Earnings (P/E)35.8
Beta (1Y)1.56
Revenue Growth45.69%
EPS Growth-26.26%
CountryIN
Employees2,078
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,441,471,700
10 Day Avg. Volume162,099
30 Day Avg. Volume401,470
Financial Highlights & Ratios
PEG Ratio-0.61
Price to Book (P/B)0.85
Price to Sales (P/S)0.15
P/FCF Ratio6.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 n...
How the Company Makes Money
NDL primarily makes money by manufacturing and selling denim fabric (and other textile fabrics) to business customers such as garment manufacturers, exporters, and apparel brands. Its revenue model is largely business-to-business: it procures raw ...
Nandan Denim Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
65
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.07B | 35.47B | 20.10B | 20.27B | 21.23B | 10.92B |
| Gross Profit | 4.00B | 4.15B | 2.26B | 753.83M | 2.51B | 1.57B |
| EBITDA | 1.18B | 1.28B | 1.53B | 909.20M | 1.74B | 1.03B |
| Net Income | 378.57M | 334.80M | 449.70M | 5.32M | 676.91M | -187.18M |
Balance Sheet | ||||||
| Total Assets | 12.32B | 12.74B | 11.82B | 12.67B | 14.43B | 11.83B |
| Cash, Cash Equivalents and Short-Term Investments | 774.16M | 262.66M | 153.10M | 108.57M | 286.49M | 169.28M |
| Total Debt | 2.21B | 2.49B | 3.30B | 4.65B | 5.58B | 5.53B |
| Total Liabilities | 5.93B | 6.56B | 5.97B | 7.27B | 9.04B | 7.12B |
| Stockholders Equity | 6.40B | 6.19B | 5.85B | 5.40B | 5.39B | 4.71B |
Cash Flow | ||||||
| Free Cash Flow | 404.90M | 866.94M | 1.86B | 1.23B | 488.85M | 101.80M |
| Operating Cash Flow | 454.21M | 950.70M | 2.30B | 1.41B | 1.01B | 349.55M |
| Investing Cash Flow | -4.37M | 95.62M | -497.72M | -210.81M | -554.30M | -241.27M |
| Financing Cash Flow | -426.35M | -1.17B | -1.69B | -1.45B | -342.49M | -94.37M |
Nandan Denim Limited Technical Analysis
Neutral
2.97
Price Trends
2.63
Negative
2.82
Negative
3.16
Negative
Market Momentum
-0.03
Negative
54.90
Neutral
80.69
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NDL, the sentiment is Neutral. The current price of 2.97 is above the 20-day moving average (MA) of 2.32, above the 50-day MA of 2.63, and below the 200-day MA of 3.16, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 54.90 is Neutral, neither overbought nor oversold. The STOCH value of 80.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:NDL.
Nandan Denim Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹55.39B | 16.13 | ― | 1.07% | 14.37% | 12.68% | |
69 Neutral | ₹100.04B | 21.31 | ― | 1.18% | 8.84% | 41.74% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ₹3.78B | 35.76 | ― | ― | 45.69% | -26.26% | |
59 Neutral | ₹33.62B | -96.49 | ― | 0.27% | 20.41% | -6.50% | |
56 Neutral | ₹49.00B | 92.98 | ― | ― | 22.27% | 7.09% |
* Consumer Cyclical Sector Average
IN:NDL
Nandan Denim Limited
2.55
-1.24
-32.72%
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383.20
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653.80
-129.70
-16.55%
IN:KITEX
Kitex Garments Limited
165.70
-52.02
-23.89%
IN:LGBBROSLTD
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1,770.25
671.32
61.09%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.