NDL

Nandan Denim financials

Market cap
₹414 Cr
Sector
Textiles

What Nandan Denim Limited does

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
Headquarters Ahmedabad, GujaratEmployees 2,126 (FY25) Company website

Quarterly results

Q1 FY27: revenue down 40.6%, net profit up 36.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue850 926 1,049 1,048 785 −8%500 −46%540 −49%622 −41%
EBITDA33 29 34 32 23 −30%21 −28%13 −62%24 −25%
Net profit9 7 11 11 9 +0%3 −57%10 −9%15 +36%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −21.0% 1Y

₹2.00₹2.50₹3.00₹3.50Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹3.62 on 10 Sept 2025 → ₹2.86. High ₹3.62 (10 Sept 2025), low ₹1.84 (30 Mar 2026).

Financials, as filed

Revenue grew 12.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 3.1%.

Year endingFY23FY24FY25FY26
Revenue₹2.0k Cr₹2.0k Cr₹3.5k Cr₹2.9k Cr
Operating profit₹84 Cr₹118 Cr₹128 Cr₹89 Cr
Operating margin4.2%5.9%3.6%3.1%
Interest₹54 Cr₹47 Cr₹37 Cr₹18 Cr
Depreciation₹37 Cr₹41 Cr₹54 Cr₹45 Cr
Net profit₹1 Cr₹45 Cr₹34 Cr₹33 Cr
Net margin0.0%2.2%1.0%1.1%
Cash from operations₹141 Cr₹230 Cr₹95 Cr₹144 Cr
Free cash flow₹124 Cr₹194 Cr₹87 Cr₹139 Cr
ROCE5.0%11.0%9.0%7.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹48 Cr₹144 Cr₹144 Cr₹144 Cr₹144 Cr₹144 Cr
Reserves₹423 Cr₹395 Cr₹396 Cr₹441 Cr₹495 Cr₹507 Cr
Borrowings₹552 Cr₹558 Cr₹465 Cr₹330 Cr₹221 Cr₹118 Cr
Other liabilities₹160 Cr₹346 Cr₹262 Cr₹267 Cr₹372 Cr₹263 Cr
Total liabilities₹1.2k Cr₹1.4k Cr₹1.3k Cr₹1.2k Cr₹1.2k Cr₹1.0k Cr
Fixed assets₹503 Cr₹544 Cr₹534 Cr₹508 Cr₹443 Cr₹421 Cr
Capital work in progress₹2 Cr₹0 Cr₹5 Cr₹1 Cr₹1 Cr₹1 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr
Other assets₹678 Cr₹899 Cr₹727 Cr₹673 Cr₹789 Cr₹609 Cr
Total assets₹1.2k Cr₹1.4k Cr₹1.3k Cr₹1.2k Cr₹1.2k Cr₹1.0k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −0.77 pp while the public added +0.72 pp.

Promoters
51.0%
FIIs
0.6%
DIIs
1.3%
Government
0.0%
Public
47.0%

Since Jun 2025

  • FIIs −0.77 pp
  • Public +0.72 pp
  • DIIs +0.06 pp

How it drifted, 12 quarters

Over this window promoters fell from 64.9% to 51.0% — −13.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 64.9%, FIIs 0.3%, Government 0.0%, Public 34.8%.Dec '23: Promoters 64.9%, FIIs 0.3%, Government 0.0%, Public 34.8%.Mar '24: Promoters 64.9%, FIIs 0.5%, Government 0.0%, Public 34.6%.Jun '24: Promoters 58.5%, FIIs 0.6%, DIIs 0.1%, Government 0.0%, Public 40.9%.Sep '24: Promoters 51.0%, FIIs 0.6%, DIIs 1.5%, Government 0.0%, Public 46.9%.Dec '24: Promoters 51.0%, FIIs 0.6%, DIIs 1.5%, Government 0.0%, Public 46.9%.Mar '25: Promoters 51.0%, FIIs 0.6%, DIIs 1.3%, Government 0.0%, Public 47.1%.Jun '25: Promoters 51.0%, FIIs 1.4%, DIIs 1.3%, Government 0.0%, Public 46.3%.Sep '25: Promoters 51.0%, FIIs 0.7%, DIIs 1.3%, Government 0.0%, Public 47.0%.Dec '25: Promoters 51.0%, FIIs 0.7%, DIIs 1.3%, Government 0.0%, Public 47.0%.Mar '26: Promoters 51.0%, FIIs 0.7%, DIIs 1.3%, Government 0.0%, Public 47.0%.Jun '26: Promoters 51.0%, FIIs 0.6%, DIIs 1.3%, Government 0.0%, Public 47.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Nandan Denim Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Chiripal Industries Limited 24.96%unchanged
Chiripal Exim Llp 9.30%unchanged
Devkinandan Corporation Llp 6.04%unchanged
Brijmohan D Chiripal 3.36%unchanged
Nakshatra Stressed Assets Fund Scheme I AIF1.31%unchanged
Jyotiprasad D Chiripal 1.31%unchanged
Urmiladevi Jyotiprasad Chiripal 1.31%unchanged
Nandan Terry Private Limited 1.25%unchanged
Nishi J Agarwal 1.00%unchanged
Jaiprakash D Chiripal 0.78%unchanged
Vineeta Chiripal 0.53%unchanged
Chiripal Textile Mills Private Limited 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.

Learn to analyse Nandan Denim Limited

Guides on how to read this kind of business and the numbers that matter.