Nandan Denim Limited (NDL) - Net Assets

Latest as of September 2025: Rs6.40 Billion INR ≈ $69.17 Million USD

Based on the latest financial reports, Nandan Denim Limited (NDL) has net assets worth Rs6.40 Billion INR (≈ $69.17 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs12.32 Billion ≈ $133.29 Million USD) and total liabilities (Rs5.93 Billion ≈ $64.12 Million USD). 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. Check Nandan Denim Limited (NDL) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs6.40 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. Also explore Nandan Denim Limited assets under control for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Nandan Denim Limited stock valuation.

Year	Net Assets	Change
2025-03-31	Rs6.19 Billion ≈ $66.92 Million	+5.75%
2024-03-31	Rs5.85 Billion ≈ $63.29 Million	+8.30%
2023-03-31	Rs5.40 Billion ≈ $58.44 Million	+0.28%
2022-03-31	Rs5.39 Billion ≈ $58.28 Million	+14.40%
2021-03-31	Rs4.71 Billion ≈ $50.94 Million	-3.93%
2020-03-31	Rs4.90 Billion ≈ $53.02 Million	-0.08%
2019-03-31	Rs4.91 Billion ≈ $53.06 Million	+3.42%
2018-03-31	Rs4.74 Billion ≈ $51.31 Million	+8.41%
2017-03-31	Rs4.38 Billion ≈ $47.33 Million	+30.51%
2016-03-31	Rs3.35 Billion ≈ $36.26 Million	+29.53%
2015-03-31	Rs2.59 Billion ≈ $28.00 Million	+19.57%
2014-03-31	Rs2.17 Billion ≈ $23.41 Million	+17.93%
2013-03-31	Rs1.84 Billion ≈ $19.85 Million	+15.51%
2012-03-31	Rs1.59 Billion ≈ $17.19 Million	+9.28%
2011-03-31	Rs1.45 Billion ≈ $15.73 Million	+13.54%
2010-03-31	Rs1.28 Billion ≈ $13.85 Million	+9.94%
2009-03-31	Rs1.17 Billion ≈ $12.60 Million	-0.81%
2008-03-31	Rs1.17 Billion ≈ $12.70 Million	+77.36%
2007-03-31	Rs662.28 Million ≈ $7.16 Million	+77.13%
2006-03-31	Rs373.89 Million ≈ $4.04 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	Rs4.67 Billion	75.49%
Common Stock	Rs1.44 Billion	23.29%
Other Comprehensive Income	Rs75.54 Million	1.22%
Total Equity	Rs6.19 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
Euro Yatirim Holding AS IS:EUHOL	$43.51 Million
Mad Paws Holdings Ltd AU:MPA	$43.51 Million
Cyviz AS OL:CYVIZ	$43.54 Million
Ezwelfare Co Ltd KQ:090850	$43.55 Million
Sheetal Cool Products Limited NSE:SCPL	$43.49 Million
Rallybio Corp NASDAQ:RLYB	$43.48 Million
Haoxi Health Technology Limited Class A Ordinary Shares NASDAQ:HAO	$43.48 Million
LTKM Bhd KLSE:7085	$43.48 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	Rs334.80 Million	+5.41%
Other Changes	Rs1.42 Million	+0.02%
Total Change	Rs-	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: 0.66x
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 6.75x to 0.66x 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	Rs0.41	Rs2.79	x
2007-03-31	Rs0.63	Rs2.79	x
2008-03-31	Rs1.04	Rs2.79	x
2009-03-31	Rs0.85	Rs2.79	x
2010-03-31	Rs0.94	Rs2.79	x
2011-03-31	Rs1.06	Rs2.79	x
2012-03-31	Rs1.16	Rs2.79	x
2013-03-31	Rs1.34	Rs2.79	x
2014-03-31	Rs1.58	Rs2.79	x
2015-03-31	Rs1.89	Rs2.79	x
2016-03-31	Rs2.42	Rs2.79	x
2017-03-31	Rs3.05	Rs2.79	x
2018-03-31	Rs3.29	Rs2.79	x
2019-03-31	Rs3.40	Rs2.79	x
2020-03-31	Rs3.40	Rs2.79	x
2021-03-31	Rs3.27	Rs2.79	x
2022-03-31	Rs3.74	Rs2.79	x
2023-03-31	Rs37.49	Rs2.79	x
2024-03-31	Rs4.06	Rs2.79	x
2025-03-31	Rs4.25	Rs2.79	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	Rs83.82 Million
2007	19.89%	5.93%	0.73x	4.59x	Rs65.49 Million
2008	5.53%	2.25%	0.66x	3.72x	Rs-52.55 Million
2009	-1.20%	-0.44%	0.72x	3.83x	Rs-130.53 Million
2010	9.04%	3.08%	0.77x	3.83x	Rs-12.33 Million
2011	11.93%	3.42%	1.03x	3.40x	Rs28.02 Million
2012	11.82%	3.28%	1.09x	3.31x	Rs29.00 Million
2013	16.91%	4.42%	1.04x	3.69x	Rs126.94 Million
2014	18.16%	4.40%	1.13x	3.66x	Rs176.59 Million
2015	19.87%	4.69%	1.28x	3.32x	Rs255.45 Million
2016	18.67%	5.47%	1.14x	3.00x	Rs293.98 Million
2017	16.58%	6.03%	0.94x	2.93x	Rs287.85 Million
2018	9.77%	2.94%	1.17x	2.84x	Rs-10.89 Million
2019	4.31%	1.50%	1.12x	2.58x	Rs-278.98 Million
2020	-0.12%	-0.04%	1.23x	2.47x	Rs-496.12 Million
2021	-3.97%	-1.71%	0.92x	2.51x	Rs-658.21 Million
2022	12.56%	3.19%	1.47x	2.68x	Rs138.04 Million
2023	0.10%	0.03%	1.60x	2.35x	Rs-535.04 Million
2024	7.68%	2.24%	1.70x	2.02x	Rs-135.50 Million
2025	5.41%	0.94%	2.78x	2.06x	Rs-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: $-13,495,168,500
Average return on equity (ROE) among peers: 8.54%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Nandan Denim Limited (NDL)	Rs6.40 Billion	32.42%	0.93x	$43.49 Million
Aarvee Denims & Exports Limited (AARVEEDEN)	$2.56 Billion	0.07%	2.01x	$38.07 Million
Akshar Spintex Limited (AKSHAR)	$438.83 Million	7.87%	0.68x	$4.09 Million
Alok Industries Limited (ALOKINDS)	$-166.76 Billion	0.00%	0.00x	$740.48 Million
Alps Industries Limited (ALPSINDUS)	$3.00 Billion	3.96%	2.62x	$1.45 Million
Axita Cotton Limited (AXITA)	$645.64 Million	31.50%	0.52x	$30.46 Million
AYM Syntex Limited (AYMSYNTEX)	$4.10 Billion	12.39%	1.26x	$147.81 Million
Banswara Syntex Limited (BANSWRAS)	$1.75 Billion	8.49%	4.79x	$43.60 Million
Bannari Amman Spinning Mills Limited (BASML)	$1.51 Billion	10.39%	0.71x	$21.26 Million
Bombay Dyeing & Mfg Company Limited (BOMDYEING)	$11.28 Billion	1.90%	1.40x	$252.53 Million
Cheviot Company Limited (CHEVIOT)	$6.51 Billion	8.87%	0.10x	$74.09 Million

About Nandan Denim Limited

NSE:NDL India Textile Manufacturing

Market Cap

$43.49 Million

Rs4.02 Billion INR

Market Cap Rank

#22384 Global

#1242 in India

Share Price

Rs2.79

Change (1 day)

-2.45%

52-Week Range

Rs1.84 - Rs4.12

All Time High

Rs7.21