Nandan Denim Share Price Target: 2025 To 2030 Forecast

If you invest in the stock market, you must know the Nandan Denim share price target for 2025, 2026, 2027, 2028, 2029, and 2030. Here, you will get detailed information regarding all your queries, such as its fundamentals, shareholdings, financial performance, future predictions, and more.

Nandan Denim Ltd (NDL) Company Overview

Nandan Denim Limited (NDL), founded in 1994 and headquartered in Ahmedabad, Gujarat, is one of the largest denim fabric manufacturing companies in India. The company is a major player in the textile and apparel industry, specializing in the production of denim fabric, cotton fabric, and yarn. With an emphasis on quality and innovation, NDL has expanded its manufacturing capacity over the years, making it a preferred supplier for domestic and international brands.

Equipped with state-of-the-art production facilities, Nandan Denim operates one of the largest integrated denim manufacturing units in India, covering processes ranging from spinning and weaving to finishing and dyeing. The company emphasizes sustainability and eco-friendly production practices, causing minimal impact on the environment.

Led by its management team, Nandan Denim continues to strengthen its market position by providing premium-quality denim products to leading fashion brands. The company is publicly listed on NSE and BSE, reflecting its strong financial foundation and growth potential in the global textile industry.

Fundamentals of Nandan Denim Limited (NDL)

• Market Cap: ₹569.38 Cr.
• ROE: 7.99%
• ROCE: 11.70%
• P/E Ratio: 11.4
• P/B Ratio: 0.94
• Dividend Yield: 0%
• Book Value: ₹4.22
• Face Value: ₹1
• EPS (TTM): ₹0.35
• 52-Week High: ₹7.35
• 52-Week Low: ₹3.05

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Nandan Denim Share Price Target 2025

After analyzing NDL’s past price trends and market performance, it is estimated that the stock could reach ₹3.50 by early 2025.

By the middle of the year, driven by market demand and sector performance, the price could rise to around ₹4.20.

By the end of 2025, NDL’s share price can achieve the target of ₹4.70.

Month	Target Price (₹)
January	₹4.23
February	₹3.15
March	₹3.32
April	₹3.50
May	₹3.68
June	₹3.85
July	₹4.02
August	₹4.20
September	₹4.35
October	₹4.48
November	₹4.58
December	₹4.70

Nandan Denim Share Price Target 2026

After analyzing NDL’s past price trends and market performance, it is estimated that the stock could reach ₹4.85 by early 2026.

By the middle of the year, driven by market demand and sector performance, the price could rise to around ₹5.40.

By the end of 2026, NDL’s share price can achieve the target of ₹5.90.

Year	Target Price (₹)
Beginning	₹4.85
Middle	₹5.40
End	₹5.90

Nandan Denim Share Price Target 2027

After analyzing NDL’s past price trends and market performance, it is estimated that the stock could reach ₹6.10 by early 2027.

By the middle of the year, driven by market demand and sector performance, the price could rise to around ₹6.80.

By the end of 2027, NDL’s share price can achieve the target of ₹7.45.

Year	Target Price (₹)
Beginning	₹6.10
Middle	₹6.80
End	₹7.45

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Nandan Denim Share Price Target 2028

After analyzing NDL’s past price trends and market performance, it is estimated that the stock could reach ₹7.80 by early 2028.

By the middle of the year, driven by market demand and sector performance, the price could rise to around ₹8.50.

By the end of 2028, NDL’s share price can achieve the target of ₹9.20.

Year	Target Price (₹)
Beginning	₹7.80
Middle	₹8.50
End	₹9.20

Nandan Denim Share Price Target 2029

After analyzing NDL’s past price trends and market performance, it is estimated that the stock could reach ₹9.60 by early 2029.

By the middle of the year, driven by market demand and sector performance, the price could rise to around ₹10.50.

By the end of 2029, NDL’s share price can achieve the target of ₹11.30.

Year	Target Price (₹)
Beginning	₹9.60
Middle	₹10.50
End	₹11.30

Nandan Denim Share Price Target 2030

After analyzing NDL’s past price trends and market performance, it is estimated that the stock could reach ₹11.80 by early 2030.

By the middle of the year, driven by market demand and sector performance, the price could rise to around ₹12.60.

By the end of 2030, NDL’s share price can achieve the target of ₹13.50.

Year	Target Price (₹)
Beginning	₹11.80
Middle	₹12.60
End	₹13.50

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Nandan Denim Share Price Target & Forecast 2025 To 2030

Year	Target Price
2025	₹4.70
2026	₹5.90
2027	₹7.45
2028	₹9.20
2029	₹11.30
2030	₹13.50

Shareholding Pattern of Nandan Denim Limited (NDL)

• Retail & Other: 46.92%
• Promoters: 51.01%
• Foreign Institution: 0.59%
• Mutual Funds: 0%
• Other Domestic Institutions: 1.48%

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Nandan Denim Limited (NDL) Income Statement

NDL’s revenue declined by 0.85% to ₹20.10 billion, reflecting stable sales despite market fluctuations. Operating expenses decreased by 7.09%, helping the company improve profitability. Net income increased by 8,359.29% to ₹449.70 million, possibly due to cost-cutting measures or extraordinary gains. Net profit margin increased significantly to 2.24% (an increase of 7,366.67%), indicating improved profitability.

EBITDA increased by 42.31% to ₹1.25 billion, reflecting strong operating performance. However, the effective tax rate remains high at 30.94%, which may impact future earnings growth.

Nandan Denim Limited (NDL) Balance Sheet

NDL’s total assets declined by 6.73% to ₹11.82 billion, while total liabilities declined by 17.93% to ₹5.97 billion, reflecting deleveraging efforts. Total equity is ₹5.85 billion, maintaining a balanced capital structure.

Cash and short-term investments saw a massive increase of 382.37% to ₹153.10 million, improving liquidity. The price-to-book (P/B) ratio is 1.00, indicating reasonable valuation. Return on assets (ROA) improved to 4.29%, while return on capital (ROC) stood at 5.47%, indicating good capital efficiency.

Nandan Denim Limited (NDL) Cash Flow

NDL generated ₹2.30 billion (a growth of 63.45%) from operations, reflecting improved cash generation. Cash from investments was negative at -₹497.72 million, indicating capital expenditure or investments. Cash from financing was negative at -₹1.69 billion, indicating debt repayment or lower borrowings.

Net change in cash increased by 147.64% to ₹121.36 million, reflecting improved liquidity management. Free cash flow increased by 10.53% to ₹703.06 million, indicating strong financial health.

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Key Competitors of Nandan Denim Limited (NDL)

• Garware Tech Fib…
• Raymond Lifestyle
• Jindal Worldwide
• Jindal Poly Films
• Himatsingka Seide
• SP Apparels
• Monte Carlo Fash…
• Mallcom
• Voith Paper Fabrics
• SBC Exports

NDL—Nandan Denim Share Price FAQ

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Disclaimer: The information in this article is for educational purposes only, and market analysts give the targets mentioned in it as suggestions. Therefore, before investing your money in any company, it is mandatory to get complete information about the company and consult your financial advisor.