Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹0.23 (vs ₹0.23 in FY 2025) Full year 2026 results: EPS: ₹0.23 (down from ₹0.23 in FY 2025). Revenue: ₹28.9b (down 19% from FY 2025). Net income: ₹331.3m (down 1.1% from FY 2025). Profit margin: 1.1% (up from 0.9% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • May 20
Nandan Denim Limited to Report Q4, 2026 Results on May 28, 2026 Nandan Denim Limited announced that they will report Q4, 2026 results on May 28, 2026 Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2.95, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2.47, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 6.9% over the past three years. New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (₹3.17b market cap, or US$34.0m). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.02 (vs ₹0.05 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.02 (down from ₹0.05 in 3Q 2025). Revenue: ₹5.01b (down 46% from 3Q 2025). Net income: ₹29.7m (down 55% from 3Q 2025). Profit margin: 0.6% (down from 0.7% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹3.15, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 49% over the past three years. Announcement • Feb 05
Nandan Denim Limited to Report Q3, 2026 Results on Feb 12, 2026 Nandan Denim Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Buy Or Sell Opportunity • Feb 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to ₹3.10. The fair value is estimated to be ₹3.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 37%. Buy Or Sell Opportunity • Dec 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ₹2.97. The fair value is estimated to be ₹3.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 37%. Buy Or Sell Opportunity • Nov 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.7% to ₹3.10. The fair value is estimated to be ₹3.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 37%. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹0.07 (vs ₹0.06 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.07 (up from ₹0.06 in 2Q 2025). Revenue: ₹7.87b (down 7.5% from 2Q 2025). Net income: ₹94.5m (up 7.6% from 2Q 2025). Profit margin: 1.2% (up from 1.0% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Nov 05
Nandan Denim Limited to Report Q2, 2026 Results on Nov 13, 2025 Nandan Denim Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Aug 25
Nandan Denim Limited, Annual General Meeting, Sep 17, 2025 Nandan Denim Limited, Annual General Meeting, Sep 17, 2025, at 15:00 Indian Standard Time. Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: ₹0.08 (vs ₹0.052 in 1Q 2025) First quarter 2026 results: EPS: ₹0.08 (up from ₹0.052 in 1Q 2025). Revenue: ₹10.5b (up 45% from 1Q 2025). Net income: ₹112.0m (up 50% from 1Q 2025). Profit margin: 1.1% (up from 1.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Nandan Denim Limited to Report Q1, 2026 Results on Aug 06, 2025 Nandan Denim Limited announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • May 24
Full year 2025 earnings released: EPS: ₹0.23 (vs ₹0.31 in FY 2024) Full year 2025 results: EPS: ₹0.23 (down from ₹0.31 in FY 2024). Revenue: ₹35.5b (up 77% from FY 2024). Net income: ₹334.8m (down 26% from FY 2024). Profit margin: 0.9% (down from 2.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 14
Nandan Denim Limited to Report Q4, 2025 Results on May 23, 2025 Nandan Denim Limited announced that they will report Q4, 2025 results on May 23, 2025 New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹5.23b market cap, or US$61.0m). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹4.06, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 23x in the Luxury industry in India. Total loss to shareholders of 32% over the past three years. New Risk • Mar 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹4.92b market cap, or US$56.5m). Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹3.15, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 23x in the Luxury industry in India. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹4.00, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 25x in the Luxury industry in India. Total loss to shareholders of 14% over the past three years. Reported Earnings • Jan 29
Third quarter 2025 earnings released: EPS: ₹0.50 (vs ₹0.055 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.50. Revenue: ₹9.28b (up 101% from 3Q 2024). Net income: ₹65.8m (down 17% from 3Q 2024). Profit margin: 0.7% (down from 1.7% in 3Q 2024). Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹3.99, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 27x in the Luxury industry in India. Total loss to shareholders of 13% over the past three years. Announcement • Jan 21
Nandan Denim Limited to Report Q3, 2025 Results on Jan 28, 2025 Nandan Denim Limited announced that they will report Q3, 2025 results on Jan 28, 2025 New Risk • Nov 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (₹191m sold). Market cap is less than US$100m (₹7.38b market cap, or US$87.3m). Reported Earnings • Nov 03
Second quarter 2025 earnings released: EPS: ₹0.57 (vs ₹0.057 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.57 (up from ₹0.057 in 2Q 2024). Revenue: ₹8.50b (up 105% from 2Q 2024). Net income: ₹87.8m (up 7.0% from 2Q 2024). Profit margin: 1.0% (down from 2.0% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹4.87, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 81% over the past three years. Announcement • Oct 19
Nandan Denim Limited to Report Q2, 2025 Results on Oct 28, 2024 Nandan Denim Limited announced that they will report Q2, 2025 results on Oct 28, 2024 Recent Insider Transactions • Oct 01
Insider recently sold ₹35m worth of stock On the 25th of September, Vedprakash Chiripal sold around 5m shares on-market at roughly ₹7.04 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹276m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹59.31, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 132% over the past three years. Announcement • Aug 16
Nandan Denim Limited, Annual General Meeting, Sep 06, 2024 Nandan Denim Limited, Annual General Meeting, Sep 06, 2024, at 15:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹0.52 (vs ₹0.12 in 1Q 2024) First quarter 2025 results: EPS: ₹0.52 (up from ₹0.12 in 1Q 2024). Revenue: ₹7.24b (up 31% from 1Q 2024). Net income: ₹74.9m (up 339% from 1Q 2024). Profit margin: 1.0% (up from 0.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Aug 07
Nandan Denim Limited to Report Q1, 2025 Results on Aug 14, 2024 Nandan Denim Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Recent Insider Transactions • Jul 02
Insider recently sold ₹240m worth of stock On the 28th of June, Vedprakash Chiripal sold around 5m shares on-market at roughly ₹47.96 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹240m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹44.02, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 183% over the past three years. New Risk • Jun 08
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risk Market cap is less than US$100m (₹6.49b market cap, or US$77.7m). New Risk • Jun 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks High level of debt (47% net debt to equity). Market cap is less than US$100m (₹6.66b market cap, or US$79.8m). Reported Earnings • May 28
Full year 2024 earnings released: EPS: ₹3.12 (vs ₹0.056 in FY 2023) Full year 2024 results: EPS: ₹3.12 (up from ₹0.056 in FY 2023). Revenue: ₹20.4b (flat on FY 2023). Net income: ₹449.7m (up ₹441.7m from FY 2023). Profit margin: 2.2% (up from 0% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Announcement • May 20
Nandan Denim Limited to Report Q4, 2024 Results on May 27, 2024 Nandan Denim Limited announced that they will report Q4, 2024 results on May 27, 2024 Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹44.80, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 326% over the past three years. New Risk • Apr 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (₹6.31b market cap, or US$75.6m). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹38.75, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 256% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹37.55, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 286% over the past three years. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹0.55 (vs ₹0.93 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.55 (up from ₹0.93 loss in 3Q 2023). Revenue: ₹4.64b (up 76% from 3Q 2023). Net income: ₹79.6m (up ₹213.4m from 3Q 2023). Profit margin: 1.7% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 02
Nandan Denim Limited to Report Q3, 2024 Results on Feb 12, 2024 Nandan Denim Limited announced that they will report Q3, 2024 results on Feb 12, 2024 New Risk • Nov 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risk Market cap is less than US$100m (₹4.62b market cap, or US$55.5m). Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹0.57 (vs ₹0.04 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.57 (up from ₹0.04 in 2Q 2023). Revenue: ₹4.18b (down 21% from 2Q 2023). Net income: ₹82.0m (up ₹76.1m from 2Q 2023). Profit margin: 2.0% (up from 0.1% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 10
Nandan Denim Limited Appoints Rinku Patel as Company Secretary and Compliance Officer Nandan Denim Limited announced that at its Board meeting held on November 9, 2023, approved the appointment of Ms. Rinku Patel as Company Secretary and Compliance Officer and Key Managerial Personnel of the company effective from November 09, 2023. Ms. Rinku Patel is qualified Company Secretary with 7 years of work experience in Secretarial and compliance of Company Law & Securities Law for Listed, Unlisted, Private Companies and she was previously associated with Oracle Granito Limited and Asian Granito India Limited. Announcement • Oct 31
Nandan Denim Limited to Report Q2, 2024 Results on Nov 09, 2023 Nandan Denim Limited announced that they will report Q2, 2024 results on Nov 09, 2023 New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₹3.23b market cap, or US$38.8m). Announcement • Sep 05
Nandan Denim Limited Announces Resignation of Renuka A. Upadhyay as Company Secretary and Compliance Officer Nandan Denim Limited announced that Renuka A. Upadhyay had tendered her notice of resignation from the services of the Company as Company Secretary and Compliance Officer (Whole-Time Key Managerial Personnel. She has ceased to be the Company Secretary effective from close of working hours of September 04, 2023. Reported Earnings • Aug 05
First quarter 2024 earnings released: EPS: ₹0.12 (vs ₹0.73 in 1Q 2023) First quarter 2024 results: EPS: ₹0.12 (down from ₹0.73 in 1Q 2023). Revenue: ₹5.58b (down 29% from 1Q 2023). Net income: ₹17.1m (down 84% from 1Q 2023). Profit margin: 0.3% (down from 1.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Nandan Denim Limited, Annual General Meeting, Aug 28, 2023 Nandan Denim Limited, Annual General Meeting, Aug 28, 2023, at 15:00 Indian Standard Time. Agenda: To approve the draft Annual Report of the Company consisting of the Notice, Director's Report, Business Responsibility and Sustainability Reporting, Corporate Governance Report and Management Discussion & Analysis Report and others for the year 2022-2023; to consider directorate reelections; to ratify the remuneration of Cost Auditors for the financial year ending March 31, 2024; to approve Related Party transactions by the Company; and to consider other matters. Announcement • Jul 29
Nandan Denim Limited to Report Q1, 2024 Results on Aug 04, 2023 Nandan Denim Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹0.06 (vs ₹4.71 in FY 2022) Full year 2023 results: EPS: ₹0.06 (down from ₹4.71 in FY 2022). Revenue: ₹20.4b (down 6.9% from FY 2022). Net income: ₹8.04m (down 99% from FY 2022). Profit margin: 0% (down from 3.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Announcement • May 21
Nandan Denim Limited to Report Q4, 2023 Results on May 29, 2023 Nandan Denim Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 29, 2023 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹20.45, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 296% over the past three years. Buying Opportunity • Feb 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be ₹25.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 76%. Reported Earnings • Feb 10
Third quarter 2023 earnings released: ₹0.93 loss per share (vs ₹1.37 profit in 3Q 2022) Third quarter 2023 results: ₹0.93 loss per share (down from ₹1.37 profit in 3Q 2022). Revenue: ₹2.64b (down 55% from 3Q 2022). Net loss: ₹133.8m (down 168% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • Feb 01
Nandan Denim Limited to Report Q3, 2023 Results on Feb 09, 2023 Nandan Denim Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: ₹0.04 (vs ₹1.54 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.04 (down from ₹1.54 in 2Q 2022). Revenue: ₹5.28b (up 3.4% from 2Q 2022). Net income: ₹5.89m (down 97% from 2Q 2022). Profit margin: 0.1% (down from 4.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 09
Now 21% undervalued Over the last 90 days, the stock is up 4.9%. The fair value is estimated to be ₹35.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 67%. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 16% share price gain to ₹35.25, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 211% over the past three years. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Independent Non-Executive Director Falguni Vasavada was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 17
First quarter 2023 earnings released: EPS: ₹0.73 (vs ₹0.72 in 1Q 2022) First quarter 2023 results: EPS: ₹0.73 (up from ₹0.72 in 1Q 2022). Net income: ₹105.6m (up 1.4% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 17% share price gain to ₹30.45, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 206% over the past three years. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹4.70 (vs ₹1.30 loss in FY 2021) Full year 2022 results: EPS: ₹4.70 (up from ₹1.30 loss in FY 2021). Revenue: ₹21.9b (up 101% from FY 2021). Net income: ₹678.2m (up ₹865.4m from FY 2021). Profit margin: 3.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.