NDL

UNDERVALUED

Nandan Denim Limited

Others · NSE

41.8% vs fair value

52W Low

2

+43.3% from low

52W High

4

-41.6% from high

News sentiment (2 articles)
1 bull0 neutral1 bear

Valuation Gauge

UNDERVALUED+41.8% Margin of Safety
OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹3

Fair Value

₹4

Fair Value Analysis

₹4

Based on free cash flow projections and balance sheet strength analysis and earnings growth potential for Others sector companies | Sector-cheap: P/E at 1th percentile vs sector peers. | ROCE improving (latest 14.8%) — capital allocation becoming more efficient. | Growth capped at 9.1% (ROE 7.9%×1.15) — historical CAGR exceeds sustainable rate or COVID period unverifiable. | COVID-resilient: PAT dropped from ₹21Cr (FY2019) to ₹-19Cr (FY2021) during COVID but has fully recovered.

Medium confidence

Cash Flow Analysis

33% weight

₹10

Balance Sheet Value

33% weight

₹2

Growth Valuation

33% weight

₹1

Price vs Market

NDL
Nifty 50

Shareholding Pattern

Stock Health Score

B

Solid Fundamentals

5.6 / 10

Profitability

6/10

ROE of 7.9% is below the Others sector benchmark of 15%

Debt & Leverage

10/10

D/E ratio of 0.3x is well within the Others sector norm of 0.8x — strong balance sheet

Valuation vs Peers

10/10

P/E of 0.7x trades at a 98% discount to Others sector median (40x) — attractively valued

Cash Flow

4/10

FCF margin of 2.5% — thin cash generation, watch capex trends

Earnings Growth

1/10

5yr EPS CAGR of -20.9% — severe earnings decline

Dividend

4/10

No dividend — typical for growth-stage companies

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

28.4%

Free cash flow / market cap

Revenue Growth (YoY)

-19.8%

Year-on-year revenue change

Profit Growth (YoY)

+261.9%

Year-on-year PAT change

Operating Cash Flow

₹95 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹3.5

P/E Ratio

0.7x

P/B Ratio

0.6x

ROE

7.9%

ROCE

10.7%

Debt / Equity

0.35x

Beta

0.45

Div Yield

FCF (Cr)

₹87 Cr

Revenue (Cr)

₹3,486 Cr

EPS Growth 5Y

-20.9%

Mkt Cap (Cr)

₹357 Cr

52W High

₹4.4

52W Low

₹1.8

Book Value/Share

₹4.3

Financial History

PeriodRevenueOp ProfitOPM%PATEPS
TTM₹3.4K Cr₹111 Cr3.0%₹34 Cr₹0.24
2025-03-31₹3.5K Cr₹128 Cr4.0%₹33 Cr₹0.23
2024-03-31₹2.0K Cr₹118 Cr6.0%₹45 Cr₹0.31
2023-03-31₹2.0K Cr₹84 Cr4.0%₹1 Cr₹0.00
2022-03-31₹2.2K Cr₹160 Cr7.0%₹68 Cr₹0.47
2021-03-31₹1.1K Cr₹82 Cr8.0%₹-19 Cr₹-0.13
2020-03-31₹1.5K Cr₹105 Cr7.0%₹-1 Cr₹0.00
2019-03-31₹1.5K Cr₹149 Cr10.0%₹21 Cr₹0.15
2018-03-31₹1.6K Cr₹226 Cr14.0%₹46 Cr₹0.32
2017-03-31₹1.2K Cr₹187 Cr15.0%₹73 Cr₹0.50
2016-03-31₹1.2K Cr₹191 Cr17.0%₹63 Cr₹0.46
2015-03-31₹1.1K Cr₹165 Cr15.0%₹51 Cr₹0.38
2014-03-31₹894 Cr₹133 Cr15.0%₹39 Cr₹0.29

Compounded Growth Rates

Sales Growth

3Y+18.6%
5Y+25.4%
10Y+11.3%

Profit Growth

3Y+224.0%
5Y
10Y-6.0%

EPS Growth

3Y
5Y
10Y-6.3%

Peer Comparison

Others
StockPriceFair ValueMoS%P/EROESignal

Star Paper Mills Limited

₹132₹657.4+79.9%5.144.2%UNDERVALUED

Credo Brands Marketing Limited

₹72.9₹314.3+76.8%10.216.4%UNDERVALUED

Heads UP Ventures Limited

₹7₹28.8+75.7%3.7UNDERVALUED

Jindal Drilling And Industries Limited

₹485.4₹1,838.1+73.6%5.913.3%UNDERVALUED

Shanti Gold International Limited

₹174₹628+72.3%9.523.6%UNDERVALUED

Shankara Building Products Limited

₹120.9₹417.1+71.0%3.815.9%UNDERVALUED

Ksolves India Limited

₹289₹944.6+69.4%22.2114.6%UNDERVALUED

SEDEMAC Mechatronics Limited

₹1,672.5₹5,216+67.9%142.920.2%UNDERVALUED

Institutional Activity

Bulk deals, block deals, short selling & delivery volume — NSE data

Insider Trading

Community Pulse

Share this Stock

Download card · Share on WhatsApp

NDL share card

Share on WhatsApp, Twitter, or any group — each share brings new users to Veritas Quant