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Nandan Denim Limited (NDL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹3.5B

ND Nandan Denim Limited NDL · NSE
Price₹2.43
Fair Value₹5.06
Upside+108.2%
Quality49/100
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Evidence: High Range ₹3.63 – ₹6.32

Fair value as of: Jul 3, 2026

From 24 valuation models · updated today

Share price −5.4% over the past month.

Price vs Fair Value (12 months)

₹3.91 ₹1.84 Fair Value ₹5.06 Jul 2025 Jul 2026

12‑month range ₹1.84 – ₹3.91 · fair‑value band ₹3.63 – ₹6.32 · the ₹2.43 price screens below the ₹5.06 fair value. As of Jul 3, 2026.

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Analysis

Nandan Denim Limited (NDL) currently trades at ₹2.43, while our model-based Fair Value estimate is ₹5.06 — implying the stock looks roughly 108.2% undervalued today. We read business quality at 49/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Nandan Denim Limited generated revenue of ₹28.7B at a net margin of 1.2%. Revenue declined 48.5% year over year. It earns a return on equity of 5.2%. Net debt stands at ₹938M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹28.7B
Revenue growth (YoY) -48.5%
Net margin 1.2%
Return on equity 5.2%
Free cash flow ₹1.3B FY2026
P/E ratio 10.6
More key figures
Operating margin 0.4%
EPS (TTM) ₹0.2300
EPS growth (YoY) +3.2%
Net debt ₹938M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

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.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Nandan Denim Limited reported revenue of ₹28.7B in FY2026 versus ₹21.2B in FY2022, a compound +7.8%/yr. Reported net income was ₹331M in FY2026, compounding −16.4%/yr from FY2022.

Revenue +7.8%/yr
FY22 ₹21.2B
FY23 ₹20.3B
FY24 ₹20.1B
FY25 ₹35.5B
FY26 ₹28.7B
Net income −16.4%/yr
FY22 ₹677M
FY23 ₹5.3M
FY24 ₹450M
FY25 ₹335M
FY26 ₹331M

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6 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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Tongkun Group 601233 ¥23.09 ¥14.53 -37%
HMT (Xiamen) New Technical Materials Co 603306 ¥110.20 ¥13.36 -88%
Far Eastern New Century Corporation 1402 27.55 TWD 28.72 TWD +4%
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Frequently asked questions

Is Nandan Denim Limited (NDL) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹5.06 versus a price of ₹2.43 — about +108% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NDL?
Our model-based fair value for Nandan Denim Limited is ₹5.06 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹2.43.
What is the quality score of NDL?
Nandan Denim Limited has a Quality Score of 49/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Nandan Denim Limited (NDL)?
Nandan Denim Limited reported trailing-twelve-month revenue of about ₹28.7B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of NDL?
The net profit margin of Nandan Denim Limited is about 1.2%, meaning it keeps roughly 1.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.