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Nandan Denim Ltd logo

Nandan Denim Ltd

NSE: NDL BSE: 532641

2.95

(9.67%)

Fri, 24 Apr 2026, 10:28 pm

Nandan Denim Analysis

dividend

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Pros

  • Dividends paid are thoroughly covered by earnings (7.5x coverage).
  • Nandan Denim's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
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Cons

  • Nandan Denim has only been paying a dividend for 8 years, and since then dividends per share have fallen.
  • Nandan Denim has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Nandan Denim's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

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Pros

  • Nandan Denim is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nandan Denim is profitable, therefore cash runway is not a concern.
  • Nandan Denim is profitable, therefore cash runway is not a concern.
  • Debt is covered by short term assets, assets are 1.3x debt.
  • Nandan Denim's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (159.7% vs 90.3% today).
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Cons

  • Debt is not well covered by operating cash flow (17.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
  • Nandan Denim's level of debt (90.3%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • The tenure for the Nandan Denim board of directors is about average.
  • Deepak's compensation has been consistent with company performance over the past year, both up more than 20%.
  • The tenure for the Nandan Denim management team is about average.
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Cons

  • Deepak's remuneration is higher than average for companies of similar size in India.

misc

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Pros

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    Cons

    • Nandan Denim is not covered by any analysts.
    • Nandan Denim has significant price volatility in the past 3 months.

    past

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    Pros

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      Cons

      • Nandan Denim's 1-year earnings growth is negative, it can't be compared to the 5-year average.
      • Nandan Denim's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
      • Nandan Denim used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
      • Nandan Denim's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
      • Nandan Denim has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
      • Nandan Denim's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.

      value

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      Pros

      • Nandan Denim is good value based on assets compared to the IN Luxury industry average.
      • Nandan Denim is good value based on earnings compared to the IN Luxury industry average.
      • Nandan Denim is good value based on earnings compared to the India market.
      • BSE:532641 is up 29.6% outperforming the Luxury industry which returned 9.8% over the past month.
      • BSE:532641 is up 29.6% outperforming the market in India which returned 8% over the past month.
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      Cons

      • Nandan Denim's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
      • Nandan Denim's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
      • 532641 underperformed the Luxury industry which returned -22.1% over the past year.
      • 532641 underperformed the Market in India which returned -14.5% over the past year.

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      Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800