Nandan Denim Limited (NDL) Fair Value & Analysis
Consumer Cyclical · IN · Market cap ₹3.9B (≈ $41.6M) · ISIN INE875G01030
What is Nandan Denim Limited really worth?
A solid business, trading 42% below our fair value of ₹4.92.
As of Aug 22, 2026, the fair value of Nandan Denim Limited is ₹4.92 per share against a price of ₹2.83, so the fair value sits 74% above the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
Fair value as of: Aug 22, 2026
From 26 valuation models · updated 15 days ago
Share price +18.9% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (₹3.49). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (₹3.49 to ₹6.32) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.
How to read this chart
60‑month range ₹1.45 – ₹7.22 · fair‑value band ₹3.49 – ₹6.32 · the ₹2.83 price screens below the ₹4.92 fair value. Dashed = 300-day average. As of Aug 22, 2026.
Analysis
Nandan Denim Limited (NDL) currently trades at ₹2.83, while our model-based Fair Value estimate is ₹4.92, implying the stock looks roughly 42.5% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of ₹9.60 per share, and 20 of the 26 models we run sit above the ₹2.83 price. Bear case: the Earnings-Based group reads lowest at ₹1.94, and 6 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Nandan Denim Limited generated revenue of ₹24.5B at a net margin of 1.5%. Revenue declined 40.6% year over year. It earns a return on equity of 5.2%. Net debt stands at ₹1.1B. Fundamentals as of Aug 22, 2026
Our scenario range runs from ₹3.49 (bear case) to ₹6.32 (bull case); at ₹2.83, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 57% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −36% fair-value upside, at 74%, NDL screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models (₹9.60) versus Dividend Discount (₹0.4000). Highest evidence: FCF DCF (79).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 40
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Nandan Denim Limited engages in the manufacture and sale of denim and cotton fabrics, dyed yarns, shirting fabrics, and fibers in India.
Full company description
Nandan Denim Limited engages in the manufacture and sale of denim and cotton fabrics, dyed yarns, shirting fabrics, and fibers in India. The company offers core classics, reinvented classics, novelties, structured, knit, light weight, blends, feather touch, stretch tech, and prints denims; plain, twill, dobby, chambray, fil a fil, herringbone, basket weave, and pin-point oxford shirting fabrics; and grey cotton fabrics, and khakis. It also exports its products. The company offers its products to fabric re-seller, garment converter, 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 based in Ahmedabad, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Nandan Denim Limited reported revenue of ₹28.7B in FY2026 versus ₹21.1B in FY2022, a compound +8.0%/yr. Reported net income was ₹331M in FY2026, compounding −16.4%/yr from FY2022.
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Peer Group
Textile Manufacturing · 331 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Textile Manufacturing median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Shenzhou International Group 2313 | HK$37.94 | HK$68.35 | +80% |
| Tongkun Group 601233 | ¥22.67 | ¥14.53 | −36% |
| Inner Mongolia ERDOS Resources Co 600295 | ¥12.95 | ¥14.35 | +11% |
| K.P.R. Mill Limited KPRMILL | ₹1,124 | ₹467.49 | −58% |
| HMT (Xiamen) New Technical Materials Co 603306 | ¥71.57 | ¥11.85 | −83% |
| Zhejiang Orient Holdings 600120 | ¥4.89 | ¥2.21 | −55% |
| Vardhman Textiles Limited VTL | ₹592.75 | ₹437.53 | −26% |
| Albany International Corp AIN | $59.92 | $18.40 | −69% |
| Isiklar Enerji ve Yapi Holding IEYHO | 174.20 TRY | 324.31 TRY | +86% |
| Welspun Living Limited WELSPUNLIV | ₹190.40 | ₹47.44 | −75% |
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