Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Sep - Newspaper publication regarding dispatch of Notice of 32nd Annual General Meeting and E-voting Information
Source: Bse
Nandan Denim Limited (NDL)
Small CapConsumer stocks · Small cap · NSE
Nandan Denim Limited operates in Denim, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result12 Aug, 03:30 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
34BearishSMA20 -9.2% / mo · MACD − · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 33
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
NDLD candles · FIT view-8.5%Latest close ₹2.60 on 2026-10-19
Bar
-0.8%
RSI
46
MACD hist
-0.00
52W pos
48%
2026-10-19O ₹2.62H ₹2.62L ₹2.56C ₹2.60Vol 6.6L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
NDLNifty Consumer DurablesNifty 500
- NDL
- +10.6%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- +16.2 pp
Chart stats
19 Oct 2026- From 52W high
- -25.3%
- 52W range position
- 48%
- ATR (14)
- 4.1%
- Volume vs 20D
- 0.75x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹2.5 - ₹2.8
₹3.5
₹1.8 - ₹3.5
₹0.1
Latest completed session
20-session average
23.7% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Good U-Score but weak results consistency: verify latest quarters.
Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
U-Score
Legacy · UNDERVALUED71
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average40
Revenue -40.6% · PAT +36.4% YoY
Technical
Bearish34
Price trend and sector-relative-strength timing.
Valuation
Legacy model+70.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence70
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 40/100Rev -41% YoY · PAT +36% YoY · margin expansion · +15% QoQ · operating leverage
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹622 Cr | -40.6% | +15.2% |
| EBITDA | ₹24 Cr | -25.0% | +84.6% |
| Operating margin | 3.9% | +80 bps | +150 bps |
| PAT | ₹15 Cr | +36.4% | +50.0% |
| PAT margin | 2.4% | +136 bps | +56 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 10.20
- P/B
- 0.57
- EV/EBITDA
- 3.90
- Market Cap
- 373.00Cr
Profitability
- ROE
- 5.22%
- ROCE
- 7.32%
- ROA
- 3.59%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 21.00%
- EPS 5Y
- 72.00%
- Revenue 3Y
- 12.00%
- EPS 3Y
- 180.00%
Balance Sheet
- Debt/Equity
- 0.18
- Interest Coverage
- 5.47×
- Altman Z
- 4.14
- Book Value
- 4.52
Cash Flow
- FCF Yield
- 40.21%
- FCF Positive Y
- 10/5
- OCF
- 144.00 Cr
- EPS TTM
- 0.26
Shareholding
- Promoter Hold
- 51.01%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 45%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 622+15.2% vs prev
Net Profit
₹ CrLatest: 15.0+50.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 46. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- Recent golden cross (SMA50 crossed above SMA200).
- SMA20 falling (~10.2% over last month) — short-term momentum negative.
- RSI(14) at 46 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 25% off 52W high · 44% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
43
RS percentile
Stage 1 Base / Transition
1M return
-6.5%
3M return
+10.6%
6M return
-13.9%
1Y return
-22.2%
RS 1D
+3
RS 20D
-12
Sector rank
#9
Industry rank
#36
Stage evidence
- Price is within 1.3% of the 30-week proxy.
- The 30-week proxy changed +0.6% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 80.07+1.03%
RS vs Nifty 50080
Valuation & peers
U-Score 71 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 71 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · UNDERVALUEDValuation28/30
Growth21/25
Quality0/20
Balance Sheet10/15
Cash Flow10/10
Piotroski
7/9 (+5)
Penalties
-3
Raw sum
71
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
71/100 · legacy band UNDERVALUED
Positive drivers
- FCF yield is supportive at 40.2%.
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 70.0%.
Main drags
- Penalty bucket subtracts 3 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Balance sheet is weaker at 10/15; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
10.2
PB
0.6
EV/EBITDA
3.9
ROE
5.2%
ROCE
7.3%
FCF Yield
40.2%
Debt/Equity
0.2
MoS
+70.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
71
Previous: 71
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+70.0%
Previous: +70.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
71
71
71
71
71
71
71
71
71
71
71
71
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹5.14
+49.4% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹8.66
+70.0% MoS
PEG
0.09
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
RNBDENIMS
Small
R&B Denims Limited
Textiles
match 90
60
11.6
9.9%
+69%
UNDERVALUED
BANSWRAS
Small
Banswara Syntex Limited
Textiles
match 65
67
8.3
6.5%
+72%
UNDERVALUED
THOMASCOTT
Small
Thomas Scott (India) Limited
Textiles
match 64
53
16.8
16.8%
+44%
FAIR VALUE
GINNIFILA
Small
Ginni Filaments Limited
Textiles
match 64
84
9.7
18.8%
+71%
DEEP VALUE
VARDHACRLC
Small
Vardhman Acrylics Limited
Textiles
match 64
47
8.5
11.1%
-106%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Nandan Denim Limited operates in Denim, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
70Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 63rd percentile of the scored universe and 67th percentile within Consumer. Main check: results consistency is weak at 30/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
40 docs text-extracted · 8 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
63rd percentile
overall median 67 · Consumer: 67th pctile, median 66 · Small: 65th pctile, median 66
Evidence depth
Financial-only
40 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
48
watch · capital discipline
Results
30
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 38.4%.
- ▸10 years of positive FCF.
- ▸OPM spread across recent quarters is 1.8%.
Trust risks
- ▸ROCE is low at 7.3%.
- ▸ROE is low at 5.2%.
- ▸0/4 latest quarters had positive YoY revenue growth.
- ▸1/4 latest quarters had positive YoY PAT growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Nandan Denim Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 28 May - Board approved FY26 audited standalone results; auditors issued unmodified opinion; internal and cost auditors reappointed for FY27.
Source: Bse
Announcement
Board Meeting Outcome for Outcome Of Board Meeting Of Nandan Denim Limited Held On 28Th May, 2026. 28 May - Board approved FY26 audited standalone results, unmodified audit opinion, and reappointed internal and cost auditors for FY27.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.