NSE: NDL | BSE: 532641

Strong Performer, Under Radar

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3.79 0.11 (2.99%)

48.44% Fall from 52W High

3.1M NSE+BSE Volume

NSE 11 Apr, 2025 3:31 PM (IST)

546.3

Market Cap

High in industry

1.2

Beta 1Year

High Volatility

Nandan Denim Ltd. share price target and research reports

Name: Latest research reports of Nandan Denim Ltd. authored by Karvy and published by - Trendlyne research reports.
Item: Nandan Denim Ltd.
Rating: 1
Author: Karvy

Latest analyst research reports with target prices and PDF download for NDL, BSE:532641 Nandan Denim Ltd.

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Nandan Denim Ltd.

07 Jun 2019

3.79

2.99%

Nandan Denim Ltd: Working Capital Tightens

Sell: Nandan Denim Ltd.

Target

Karvy

Nandan Denim Ltd: Working Capital Tightens

Nandan Denim Ltd. has lost -37.04% in the last 6 Months

Nandan Denim Ltd.

15 Feb 2019

3.79

2.99%

Nandan Denim Ltd:Weakness to Persist till H2FY20E

Sell: Nandan Denim Ltd.

Target

Karvy

Weakness to Persist till H2FY20E: Volumes and realizations continue to reduce on account of oversupply. Denim volumes stood at 17.03 Mn at realisation of Rs. 122/metre in Q3FY19 vs 17.26 Mn atRs. 133/metre in the corresponding period in the last fiscal.

Nandan Denim Ltd. is trading above its 30 day SMA of 3.6

Nandan Denim Ltd.

13 Nov 2018, 12:00AM

3.79

2.99%

Nandan Denim Ltd: Demand Outlook Looks Bleak for FY19E

Sell: Nandan Denim Ltd.

Target

Karvy

Demand Outlook Looks Bleak for FY19E: Overcapacity continues to lower margins. Realizations were down ~ 10% in H1FY19on YoY basis as domestic supply demand mismatch continues to impact sales.

Nandan Denim Ltd. is trading below its 100 day SMA of 4.4

Nandan Denim Ltd.

21 Aug 2018

3.79

2.99%

Nandan Denim Ltd: Revenue Mix Worsens, Realization Improveme...

Sell: Nandan Denim Ltd.

Target

Karvy

Revenue Mix Worsens, Realization Improvement to Take Time: Denim contributed 60% of the total revenues, at Rs. 2168 Mn as of Q1FY19, vs 69%, in Q1FY18 and the sales of yarn and fabric continues to be higher, by 6% on YoY basis.

Nandan Denim Ltd. has lost -37.04% in the last 6 Months

Nandan Denim Ltd.

05 Jun 2018

3.79

2.99%

Nandan Denim Ltd: No Reprieve in Denim Demand Outlook

Sell: Nandan Denim Ltd.

Recommendation Target

Karvy

No Reprieve in Denim Demand Outlook: Proportion of Denim sales to the overall revenue mix has continuously been the low in FY17 (Q1 69.7%, Q2- 67.1%, Q3 63.2% and Q4 64%), indicating the supply-demand gap continues to be large. We expected recovery towards2HFY18, as industry and economy in general recovered from the double impact of demonetization and GST.

Nandan Denim Ltd. is trading above its 30 day SMA of 3.6

Nandan Denim Ltd.

05 Jun 2017

3.79

2.99%

NANDAN DENIM LTD.

Buy: Nandan Denim Ltd.

Ventura

We initiate coverage on Nandan Denim Ltd as a BUY with a price objective of Rs 175 which represents a potential upside of 32.5% from the CMP of Rs 132

Nandan Denim Ltd. is trading below its 100 day SMA of 4.4

Nandan Denim Ltd.

10 Jan 2017

3.79

2.99%

Nandan Denim Ltd (DNL)

Buy: Nandan Denim Ltd.

GEPL Capital

Nandan Denim is a part of Gujarat based, a leading conglomerate Chiripal Group. Company commenced its operations in 1994 with textile trading business & later forayed into textile manufacturing in 2004. Company currently engaged in manufacturing of denims, cotton fabrics & khakis. Company has one of the largest denim fabric manufacturing capacities in the world. Company exports its denim fabric to over 27 countries across the globe through its...

Nandan Denim Ltd. has lost -37.04% in the last 6 Months

Nandan Denim Ltd.

02 Sep 2015

3.79

2.99%

Nandan Denim Ltd: Strong Growth Prospects Ahead; All Set for the Race!! (Sep 02, 2015)

Buy: Nandan Denim Ltd.

Karvy

Nandan Denim (NDL) has one of the largest denim fabric manufacturingcapacities in the world and will be the second-largest in India with denimcapacity of 110 MMPA (post expansion) after Arvind, which has a capacity of130MMPA. The company manufactures denim, cotton fabrics and khaki cloth.It also has fully integrated facilities for manufacturing a range of products viz.woven fabrics, circular knitted fabrics, polar fleece fabrics, cotton hosiery,denim, etc.

Nandan Denim Ltd. is trading below its 100 day SMA of 4.4

Is Nandan Denim Ltd. worth buying?

248 Votes:

Buy 79.84%

Sell 12.1%

Hold 8.06%