Nandan Denim share price & results
- Jun 2026
- Sept 2026
Ahmedabad-based, vertically integrated manufacturer of denim fabric, shirting fabric and cotton/dyed yarn, part of the Chiripal Group, exporting to around 10 countries.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 622 | −40.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 3.9 | +0.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 15.0 | +36.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 5.83 | −0.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 4.83 | +2.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -36.82 | −95.5 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −25.7% 1Y
1Y: ₹3.38 on 24 Oct 2025 → ₹2.51. High ₹3.38 (24 Oct 2025), low ₹1.84 (30 Mar 2026).
- Previous close
- ₹2.52
- Market cap
- ₹366 Cr
- 52-week range
- ₹1.84 – ₹3.36
- One year
- −25.30%
- Price to earnings (TTM to Jun 2026)
- 9.89×
- Return on equity (TTM to Jun 2026)
- 5.83%
Overview
- Symbol
- NSE:NDL
- Sector
- Textiles
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Nandan Denim Limited does
Based on the company's own presentations, annual report and earnings calls.
Nandan Denim Limited is a flagship company of the Chiripal Group that manufactures denim fabric, shirting fabric and cotton/dyed yarn from integrated production facilities in Ahmedabad covering spinning, weaving, dyeing and processing under one roof. It supplies fashion denim (knit, lightweight, indigo- and sulphur-dyed, core classics and novelty variants) and shirting fabrics to domestic and international apparel brands, exporters and buying houses, and separately supplies dyed and cotton yarn to the hosiery and weaving segment. Production is supported by in-house captive power (thermal, wind and solar) and OEKO-TEX/SCOPE-certified quality processes.
Segments
- Denim
- Shirting
- Yarn
- Fabric (denim) production capacity
- 90 MMPA
- Yarn spinning capacity
- 124 TPD
- Shirting production capacity
- 10 MMPA
- Integrated manufacturing facilities
- 2
- Captive power capacity
- 37 MW thermal + 2 MW wind + 1 MW solar
- Export markets
- ~10 countries
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +36% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 850 | 926 | 1,049 | 1,048 | 785 | 500 | 540 | 622 |
| Expenses | 818 | 897 | 1,014 | 1,015 | 761 | 478 | 527 | 598 |
| Operating profit | 33 | 29 | 34 | 32 | 23 | 21 | 13 | 24 |
| Operating margin | 3.8% | 3.1% | 3.3% | 3.1% | 3.0% | 4.2% | 2.4% | 3.9% |
| Other income | 2 | 2 | 2 | 2 | 2 | 1 | 9 | 2 |
| Interest | 9 | 9 | 9 | 8 | 7 | 7 | -4 | 5 |
| Depreciation | 14 | 14 | 12 | 12 | 10 | 12 | 11 | 12 |
| Profit before tax | 11 | 9 | 15 | 15 | 8 | 4 | 15 | 10 |
| Tax rate | 23.0% | 24.0% | 27.0% | 24.0% | −14.0% | 28.0% | 37.0% | −43.0% |
| Net profit | 9 | 7 | 11 | 11 | 9 | 3 | 10 | 15 |
| EPS (₹ per share) | 0.06 | 0.05 | 0.07 | 0.08 | 0.07 | 0.02 | 0.07 | 0.10 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 2,027 | 2,009 | 3,547 | 2,873 |
| Expenses | 1,943 | 1,892 | 3,418 | 2,781 |
| Operating profit | 84 | 118 | 128 | 89 |
| Other income | 11 | 34 | 8 | 14 |
| Interest | 54 | 47 | 37 | 18 |
| Depreciation | 37 | 41 | 54 | 45 |
| Profit before tax | 5 | 65 | 46 | 42 |
| Net profit | 1 | 45 | 34 | 33 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 144 | 144 | 144 | 144 | 144 | 144 |
| Reserves | 395 | 396 | 441 | 475 | 495 | 507 |
| Borrowings | 558 | 465 | 330 | 249 | 221 | 118 |
| Other liabilities | 346 | 262 | 267 | 407 | 372 | 263 |
| Total liabilities | 1,443 | 1,267 | 1,182 | 1,274 | 1,232 | 1,032 |
| Fixed assets | 544 | 534 | 508 | 459 | 443 | 421 |
| Capital work in progress | 0 | 5 | 1 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 |
| Other assets | 899 | 727 | 673 | 814 | 789 | 609 |
| Total assets | 1,443 | 1,267 | 1,182 | 1,274 | 1,232 | 1,032 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 35 | 101 | 141 | 230 | 95 | 144 |
| Cash from investing | -24 | -55 | -21 | -50 | 10 | 6 |
| Cash from financing | -9 | -34 | -145 | -168 | -117 | -149 |
| Net cash flow | 1 | 12 | -25 | 12 | -13 | 1 |
| Free cash flow | 11 | 52 | 124 | 194 | 87 | 139 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 93 | 75 | 64 | 68 | 53 | 48 |
| Inventory days | 94 | 52 | 46 | 38 | 21 | 21 |
| Days payable | 55 | 56 | 40 | 42 | 37 | 25 |
| Cash conversion cycle | 132 | 71 | 69 | 63 | 36 | 43 |
| Working capital days | 64 | 33 | 27 | 28 | 24 | 39 |
| Return on capital employed | 3.0% | 13.0% | 5.0% | 11.0% | 9.0% | 7.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 51.01% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 51.01%
- Foreign institutions 0.63%
- Domestic institutions 1.31%
- Government 0.01%
- Public 47.04%
Who is on the register
Named in the Sep 2026 filing
Every holder of Nandan Denim Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 24.96% | unchanged | |
| 9.30% | unchanged | |
| 6.04% | unchanged | |
| 3.36% | unchanged | |
| AIF | 1.31% | unchanged |
| 1.31% | unchanged | |
| 1.31% | unchanged | |
| 1.25% | unchanged | |
| 1.00% | unchanged | |
| 0.78% | unchanged | |
| 0.53% | unchanged | |
| 0.51% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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