About
Nandan Denim Limited manufactures and sells denim, shirting materials, yarn, and various fabrics in India. The company offers denim products, such as core classics, reinvented classics, novelty, structured, knit, light weight, blends, feather touch, stretch tech, and prints denims; shirting products, including plain weaves, twill, dobby, chambray, fil-à-fil, herringbone, basket weave, and pinpoint oxford; and dyed yarns in multiple blends and counts, grey cotton fabrics, and khakis. It also exports its products. The company offers its products to fabric re-sellers, garment converters, distributors, wholesalers, dealers, brand owners, and exporters. 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 headquartered in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap408 Cr
P/E11.10
Div Yield0.00 %
Book Value₹4.52
52w High₹3.75
52w Low₹1.80
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 622.00 | 540.00 | 500.00 | 785.00 | 1,048.00 | 1,049.00 | 926.00 | 850.00 | 722.00 | 579.00 | 462.00 | 414.00 | 554.00 |
| Expenses | 598.00 | 527.00 | 478.00 | 761.00 | 1,015.00 | 1,014.00 | 897.00 | 818.00 | 689.00 | 540.00 | 430.00 | 388.00 | 534.00 |
| Operating Profit | 24.00 | 13.00 | 21.00 | 23.00 | 32.00 | 34.00 | 29.00 | 33.00 | 32.00 | 39.00 | 32.00 | 27.00 | 20.00 |
| OPM % | 3.90 | 2.40 | 4.20 | 3.00 | 3.10 | 3.30 | 3.10 | 3.80 | 4.50 | 7.00 | 7.00 | 6.00 | 3.70 |
| Other Income | 2.00 | 9.00 | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 26.00 | 1.00 | 4.00 | 3.00 |
| Depreciation | 12.00 | 11.00 | 12.00 | 10.00 | 12.00 | 12.00 | 14.00 | 14.00 | 14.00 | 11.00 | 10.00 | 10.00 | 10.00 |
| Interest | 5.00 | -4.00 | 7.00 | 7.00 | 8.00 | 9.00 | 9.00 | 9.00 | 10.00 | 15.00 | 10.00 | 10.00 | 12.00 |
| Profit before tax | 10.00 | 15.00 | 4.00 | 8.00 | 15.00 | 15.00 | 9.00 | 11.00 | 11.00 | 39.00 | 13.00 | 11.00 | 2.00 |
| Tax % | -43.00 | 37.00 | 28.00 | -14.00 | 24.00 | 27.00 | 24.00 | 23.00 | 34.00 | 30.00 | 41.00 | 23.00 | 24.00 |
| Net Profit | 15.00 | 10.00 | 3.00 | 9.00 | 11.00 | 11.00 | 7.00 | 9.00 | 7.00 | 27.00 | 8.00 | 8.00 | 2.00 |
| EPS in Rs | 0.10 | 0.07 | 0.02 | 0.07 | 0.08 | 0.07 | 0.05 | 0.06 | 0.05 | 0.19 | 0.06 | 0.06 | 0.01 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,872.00 | 3,547.00 | 2,010.00 | 2,027.00 | 2,176.00 | 1,090.00 | 1,524.00 | 1,456.00 | 1,589.00 | 1,220.00 | 1,157.00 | 1,097.00 |
| Expenses | 2,782.00 | 3,418.00 | 1,892.00 | 1,943.00 | 2,015.00 | 1,008.00 | 1,419.00 | 1,307.00 | 1,363.00 | 1,034.00 | 966.00 | 931.00 |
| Operating Profit | 90.00 | 128.00 | 118.00 | 84.00 | 160.00 | 82.00 | 105.00 | 149.00 | 226.00 | 187.00 | 191.00 | 165.00 |
| OPM % | 3.10 | 3.60 | 6.00 | 4.20 | 7.00 | 8.00 | 7.00 | 10.00 | 14.00 | 15.00 | 17.00 | 15.00 |
| Other Income | 14.00 | 8.00 | 35.00 | 12.00 | 19.00 | 7.00 | 19.00 | 13.00 | 14.00 | 21.00 | 4.00 | 3.00 |
| Interest | 18.00 | 37.00 | 47.00 | 53.00 | 42.00 | 42.00 | 43.00 | 27.00 | 58.00 | 36.00 | 41.00 | 38.00 |
| Depreciation | 44.00 | 53.00 | 41.00 | 37.00 | 45.00 | 78.00 | 88.00 | 104.00 | 121.00 | 86.00 | 66.00 | 60.00 |
| Profit before tax | 42.00 | 46.00 | 65.00 | 5.00 | 92.00 | -31.00 | -7.00 | 31.00 | 61.00 | 85.00 | 88.00 | 71.00 |
| Tax % | 22.00 | 27.00 | 31.00 | 90.00 | 27.00 | -40.00 | -92.00 | 32.00 | 24.00 | 15.00 | 28.00 | 28.00 |
| Net Profit | 33.00 | 33.00 | 45.00 | 1.00 | 68.00 | -19.00 | -1.00 | 21.00 | 46.00 | 73.00 | 63.00 | 51.00 |
| EPS in Rs | 0.23 | 0.23 | 0.31 | 0.00 | 0.47 | -0.13 | 0.00 | 0.15 | 0.32 | 0.50 | 0.46 | 0.38 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.00 | 8.00 | 11.00 | 12.00 | 14.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 144.00 | 144.00 | 144.00 | 144.00 | 144.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 46.00 | 46.00 |
| Reserves | 507.00 | 475.00 | 441.00 | 396.00 | 395.00 | 423.00 | 442.00 | 443.00 | 426.00 | 390.00 | 293.00 | 213.00 |
| Borrowings | 118.00 | 249.00 | 330.00 | 465.00 | 558.00 | 552.00 | 522.00 | 603.00 | 640.00 | 638.00 | 511.00 | 471.00 |
| Other Liabilities | 263.00 | 407.00 | 267.00 | 262.00 | 346.00 | 160.00 | 201.00 | 170.00 | 231.00 | 205.00 | 168.00 | 130.00 |
| Total Liabilities | 1,032.00 | 1,274.00 | 1,182.00 | 1,267.00 | 1,443.00 | 1,183.00 | 1,213.00 | 1,264.00 | 1,345.00 | 1,280.00 | 1,018.00 | 860.00 |
| Fixed Assets | 421.00 | 459.00 | 508.00 | 534.00 | 544.00 | 503.00 | 584.00 | 632.00 | 737.00 | 798.00 | 480.00 | 437.00 |
| CWIP | 1.00 | 1.00 | 1.00 | 5.00 | 0.00 | 2.00 | 0.00 | 15.00 | 0.00 | 6.00 | 90.00 | 11.00 |
| Investments | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 2.00 | 7.00 | 7.00 |
| Other Assets | 609.00 | 814.00 | 673.00 | 727.00 | 899.00 | 678.00 | 627.00 | 615.00 | 607.00 | 475.00 | 440.00 | 405.00 |
| Total Assets | 1,032.00 | 1,274.00 | 1,182.00 | 1,267.00 | 1,443.00 | 1,183.00 | 1,213.00 | 1,264.00 | 1,345.00 | 1,280.00 | 1,018.00 | 860.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 144.00 | 95.00 | 230.00 | 141.00 | 101.00 | 35.00 | 155.00 | 79.00 | 66.00 | 169.00 | 147.00 | 133.00 |
| Cash from Investing Activity | 6.00 | 10.00 | -50.00 | -21.00 | -55.00 | -24.00 | -18.00 | -26.00 | 0.00 | -286.00 | -180.00 | -94.00 |
| Cash from Financing Activity | -149.00 | -117.00 | -168.00 | -145.00 | -34.00 | -9.00 | -124.00 | -68.00 | -65.00 | 116.00 | 32.00 | -26.00 |
| Net Cash Flow | 1.00 | -13.00 | 12.00 | -25.00 | 12.00 | 1.00 | 13.00 | -15.00 | 1.00 | 0.00 | -2.00 | 13.00 |
| Free Cash Flow | 139.00 | 87.00 | 194.00 | 124.00 | 52.00 | 11.00 | 130.00 | 60.00 | 21.00 | -115.00 | -35.00 | 54.00 |
| CFO/OP % | 149.00 | 78.00 | 197.00 | 175.00 | 73.00 | 43.00 | 152.00 | 58.00 | 36.00 | 105.00 | 87.00 | 88.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 48.00 | 53.00 | 68.00 | 64.00 | 75.00 | 93.00 | 76.00 | 69.00 | 63.00 | 40.00 | 39.00 | 49.00 |
| Inventory Days | 21.00 | 21.00 | 38.00 | 46.00 | 52.00 | 94.00 | 52.00 | 77.00 | 83.00 | 96.00 | 93.00 | 68.00 |
| Days Payable | 25.00 | 37.00 | 42.00 | 40.00 | 56.00 | 55.00 | 46.00 | 39.00 | 56.00 | 60.00 | 49.00 | 33.00 |
| Cash Conversion Cycle | 43.00 | 36.00 | 63.00 | 69.00 | 71.00 | 132.00 | 83.00 | 107.00 | 90.00 | 76.00 | 82.00 | 84.00 |
| Working Capital Days | 39.00 | 24.00 | 28.00 | 27.00 | 33.00 | 64.00 | 36.00 | 36.00 | 22.00 | -1.00 | 8.00 | 10.00 |
| ROCE % | 7.00 | 9.00 | 11.00 | 5.00 | 13.00 | 3.00 | 4.00 | 5.00 | 11.00 | 13.00 | 16.00 | 16.00 |
Corporate Actions
22 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Split | 19 Sep 2024 | 19 Sep 2024 | 10:1 | — | |
| Other | 30 Aug 2024 | — | — | — | Annual General Meeting |
| Other | 21 Aug 2023 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2022 | — | — | — | Annual General Meeting |
| Bonus | 24 Mar 2022 | 25 Mar 2022 | 2:1 | — | |
| Other | 22 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 23 Dec 2020 | — | — | — | Annual General Meeting |
| Dividend | 05 Sep 2019 | — | — | 0.50 | |
| Dividend | 19 Sep 2018 | — | — | 0.80 | |
| Dividend | 21 Sep 2017 | — | — | 1.60 | |
| Other | 21 Sep 2016 | — | — | — | Annual Book Closure |
| Dividend | 22 Mar 2016 | 26 Mar 2016 | — | 0.80 | |
| Dividend | 23 Feb 2016 | 24 Feb 2016 | — | 0.80 | |
| Dividend | 21 Sep 2015 | — | — | 1.00 | |
| Dividend | 12 Feb 2015 | 13 Feb 2015 | — | 0.60 | |
| Dividend | 09 Sep 2014 | — | — | 0.60 | NSE/BSE dividend mismatch: NSE=1.2; BSE=0.6 |
| Dividend | 09 Sep 2014 | — | — | 1.20 | NSE/BSE dividend mismatch: NSE=1.2; BSE=0.6 |
| Dividend | 17 Feb 2014 | 18 Feb 2014 | — | 0.60 | |
| Dividend | 21 Aug 2013 | — | — | 1.20 | |
| Dividend | 20 Sep 2012 | — | — | 1.00 | |
| Other | 07 Mar 2012 | 09 Mar 2012 | — | — | Consolidation of Shares |
| Other | 12 Dec 2007 | 19 Dec 2007 | — | — | Right Issue of Equity Shares |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update6 Jan from infomerics
-
Rating update22 Jan 2025 from infomerics
-
Rating update8 Feb 2024 from icra
-
Rating update12 Dec 2023 from infomerics
-
Rating update16 Aug 2023 from icra
-
Rating update28 Jun 2023 from icra