Nandan Denim Limited
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 pinpoin… Read more
Nandan Denim Limited (NDL) - Net Assets
Latest net assets as of September 2025: ₹6.40 Billion INR
Based on the latest financial reports, Nandan Denim Limited (NDL) has net assets worth ₹6.40 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹12.32 Billion) and total liabilities (₹5.93 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹6.40 Billion |
| % of Total Assets | 51.89% |
| Annual Growth Rate | 15.92% |
| 5-Year Change | 31.38% |
| 10-Year Change | 84.55% |
| Growth Volatility | 22.38 |
Nandan Denim Limited - Net Assets Trend (2006–2025)
This chart illustrates how Nandan Denim Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nandan Denim Limited (2006–2025)
The table below shows the annual net assets of Nandan Denim Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹6.19 Billion | +5.75% |
| 2024-03-31 | ₹5.85 Billion | +8.30% |
| 2023-03-31 | ₹5.40 Billion | +0.28% |
| 2022-03-31 | ₹5.39 Billion | +14.40% |
| 2021-03-31 | ₹4.71 Billion | -3.93% |
| 2020-03-31 | ₹4.90 Billion | -0.08% |
| 2019-03-31 | ₹4.91 Billion | +3.42% |
| 2018-03-31 | ₹4.74 Billion | +8.41% |
| 2017-03-31 | ₹4.38 Billion | +30.51% |
| 2016-03-31 | ₹3.35 Billion | +29.53% |
| 2015-03-31 | ₹2.59 Billion | +19.57% |
| 2014-03-31 | ₹2.17 Billion | +17.93% |
| 2013-03-31 | ₹1.84 Billion | +15.51% |
| 2012-03-31 | ₹1.59 Billion | +9.28% |
| 2011-03-31 | ₹1.45 Billion | +13.54% |
| 2010-03-31 | ₹1.28 Billion | +9.94% |
| 2009-03-31 | ₹1.17 Billion | -0.81% |
| 2008-03-31 | ₹1.17 Billion | +77.36% |
| 2007-03-31 | ₹662.28 Million | +77.13% |
| 2006-03-31 | ₹373.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nandan Denim Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 467119800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹4.67 Billion | 75.49% |
| Common Stock | ₹1.44 Billion | 23.29% |
| Other Comprehensive Income | ₹75.54 Million | 1.22% |
| Total Equity | ₹6.19 Billion | 100.00% |
Nandan Denim Limited Competitors by Market Cap
The table below lists competitors of Nandan Denim Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oneflow AB
ST:ONEF
|
$18.87 Million |
|
Stardust Power Inc.
NASDAQ:SDST
|
$18.87 Million |
|
Beamr Imaging Ltd. Ordinary Share
NASDAQ:BMR
|
$18.87 Million |
|
Parkomat International Ltd
TA:PRKM
|
$18.88 Million |
|
Procaps Group SA
NASDAQ:PROC
|
$18.87 Million |
|
Fusemachines Inc. Common stock
NASDAQ:FUSE
|
$18.86 Million |
|
Ferroamp Elektronik AB
ST:FERRO
|
$18.85 Million |
|
Generation Asia I Acquisition Limited Class A Ordinary Shares
NASDAQ:GAQ
|
$18.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nandan Denim Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,851,990,000 to 6,188,210,000, a change of 336,220,000 (5.7%).
- Net income of 334,803,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹334.80 Million | +5.41% |
| Other Changes | ₹1.42 Million | +0.02% |
| Total Change | ₹- | 5.75% |
Book Value vs Market Value Analysis
This analysis compares Nandan Denim Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.53x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.47x to 0.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹0.41 | ₹2.26 | x |
| 2007-03-31 | ₹0.63 | ₹2.26 | x |
| 2008-03-31 | ₹1.04 | ₹2.26 | x |
| 2009-03-31 | ₹0.85 | ₹2.26 | x |
| 2010-03-31 | ₹0.94 | ₹2.26 | x |
| 2011-03-31 | ₹1.06 | ₹2.26 | x |
| 2012-03-31 | ₹1.16 | ₹2.26 | x |
| 2013-03-31 | ₹1.34 | ₹2.26 | x |
| 2014-03-31 | ₹1.58 | ₹2.26 | x |
| 2015-03-31 | ₹1.89 | ₹2.26 | x |
| 2016-03-31 | ₹2.42 | ₹2.26 | x |
| 2017-03-31 | ₹3.05 | ₹2.26 | x |
| 2018-03-31 | ₹3.29 | ₹2.26 | x |
| 2019-03-31 | ₹3.40 | ₹2.26 | x |
| 2020-03-31 | ₹3.40 | ₹2.26 | x |
| 2021-03-31 | ₹3.27 | ₹2.26 | x |
| 2022-03-31 | ₹3.74 | ₹2.26 | x |
| 2023-03-31 | ₹37.49 | ₹2.26 | x |
| 2024-03-31 | ₹4.06 | ₹2.26 | x |
| 2025-03-31 | ₹4.25 | ₹2.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nandan Denim Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.94%
- • Asset Turnover: 2.78x
- • Equity Multiplier: 2.06x
- Recent ROE (5.41%) is below the historical average (10.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 32.42% | 9.87% | 0.77x | 4.28x | ₹83.82 Million |
| 2007 | 19.89% | 5.93% | 0.73x | 4.59x | ₹65.49 Million |
| 2008 | 5.53% | 2.25% | 0.66x | 3.72x | ₹-52.55 Million |
| 2009 | -1.20% | -0.44% | 0.72x | 3.83x | ₹-130.53 Million |
| 2010 | 9.04% | 3.08% | 0.77x | 3.83x | ₹-12.33 Million |
| 2011 | 11.93% | 3.42% | 1.03x | 3.40x | ₹28.02 Million |
| 2012 | 11.82% | 3.28% | 1.09x | 3.31x | ₹29.00 Million |
| 2013 | 16.91% | 4.42% | 1.04x | 3.69x | ₹126.94 Million |
| 2014 | 18.16% | 4.40% | 1.13x | 3.66x | ₹176.59 Million |
| 2015 | 19.87% | 4.69% | 1.28x | 3.32x | ₹255.45 Million |
| 2016 | 18.67% | 5.47% | 1.14x | 3.00x | ₹293.98 Million |
| 2017 | 16.58% | 6.03% | 0.94x | 2.93x | ₹287.85 Million |
| 2018 | 9.77% | 2.94% | 1.17x | 2.84x | ₹-10.89 Million |
| 2019 | 4.31% | 1.50% | 1.12x | 2.58x | ₹-278.98 Million |
| 2020 | -0.12% | -0.04% | 1.23x | 2.47x | ₹-496.12 Million |
| 2021 | -3.97% | -1.71% | 0.92x | 2.51x | ₹-658.21 Million |
| 2022 | 12.56% | 3.19% | 1.47x | 2.68x | ₹138.04 Million |
| 2023 | 0.10% | 0.03% | 1.60x | 2.35x | ₹-535.04 Million |
| 2024 | 7.68% | 2.24% | 1.70x | 2.02x | ₹-135.50 Million |
| 2025 | 5.41% | 0.94% | 2.78x | 2.06x | ₹-284.02 Million |
Industry Comparison
This section compares Nandan Denim Limited's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $-15,328,366,560
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nandan Denim Limited (NDL) | ₹6.40 Billion | 32.42% | 0.93x | $18.87 Million |
| Aarvee Denims & Exports Limited (AARVEEDEN) | $2.56 Billion | 0.07% | 2.01x | $18.42 Million |
| Akshar Spintex Limited (AKSHAR) | $362.57 Million | 3.43% | 1.02x | $3.77 Million |
| Alok Industries Limited (ALOKINDS) | $-206.30 Billion | 0.00% | 0.00x | $179.15 Million |
| Alps Industries Limited (ALPSINDUS) | $2.04 Billion | 0.00% | 5.49x | $155.37K |
| Ambika Cotton Mills Limited (AMBIKCO) | $5.65 Billion | 12.02% | 0.11x | $40.48 Million |
| Arvind Limited (ARVIND) | $34.04 Billion | 11.88% | 1.03x | $623.55 Million |
| Axita Cotton Limited (AXITA) | $362.65 Million | 42.51% | 2.00x | $21.73 Million |
| AYM Syntex Limited (AYMSYNTEX) | $789.26 Million | 14.66% | 2.84x | $26.36 Million |
| Banswara Syntex Limited (BANSWRAS) | $2.69 Billion | 3.12% | 2.99x | $11.94 Million |
| Bannari Amman Spinning Mills Limited (BASML) | $4.51 Billion | -4.87% | 1.72x | $6.49 Million |