NANDAN DENIM

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by Esn1Esn, Mar 31, 2015.

  1. Esn1Esn

    Esn1Esn RETIRED BANKER

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    NDL CMP-61.85

    Pursuing its ambitious plans of expansion, Chiripal Group laid foundations of ultra-modern 100% cotton & blended bottom wear fabrics and the most modern & versatile denim manufacturing project called Nandan Denim Limited. Nandan Denim Limited is inhoused with one of the most sophisticated weaving plants and other facilities to manufacture superior quality grey cotton fabrics, khakis and denims.

    Since its inception, Nandan has been looking to the growing demand in Denims bottom-wear and shirting fabrics. Nandan has stood by its commitment to provide quality at the best price. To add to its glory it is now Nandan Denim Limited has an ISO certification and Oeko-Tex certification on its credit.
    KEY HIGHLIGHTS

    One of the largest denim fabric facility in the world and second largest in India.

    Machinery with latest technology from Germany and Japan, capable of producing wide range of denim fabrics
    10% domestic fabric market share
    80% denim capacity utilisation
    Sufficient power through 15 MW captive power plant.


    iT IS ALSO AN EXPORTER TO VARIOUS COUNTRIES.Nandan Denim exports its denim fabric to over 22 countries across the globe through its strong global dealer distribution network
    The company expanded its denim fabric capacity from 71 MMPA to 110 * MMPA in FY14

    Revenue/sales growth and Net Profit growth during the last 3 years has been 20.77% and 33% respectively.
    ROCE average for 3 years at 14.62--Debt equity at 1.79 and ROE at 19.65 are impressive. EPS for the 9 months ended Dec 2014 is at 7.92 against full year EPS for Mar 2014 of 8.64.
    49,90,000 PLEDGED SHARES HAVE BEEN RELEASED BY THE PROMOTERS and 80,00,000 convertible warrants tobe issued on preferential basis.

    CRISIL'S latest report can also be seen here...https://www.moneycontrol.com/news/crisil-research/crisil-raises-nandan-denim%60s-fair-value-to-rs-79_1331555.html

    I think this could be a long term bet.
     
  2. Esn1Esn

    Esn1Esn RETIRED BANKER

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    For full year Mar 2015 may show EPS of 11 and the scrip appears cheap quoting at PE of less than 6
     
  3. Esn1Esn

    Esn1Esn RETIRED BANKER

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    The stock price moved up to 67.30 from 61 level
     
  4. Esn1Esn

    Esn1Esn RETIRED BANKER

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    The stock price moved up to 72.10 today
     
  5. sanman

    sanman New Member

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    Great sir, I was looking the presentation and the management outcome looks quite good for 2015
     
  6. Meenakshi Razdan

    Meenakshi Razdan Administrator Staff Member Moderator

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    Congrats Sir. You seem to have the jackpot. Dolly Khanna has bought 5 lakh shares of Nandan Denim :)
     
  7. Parin Gala

    Parin Gala A long term investor

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    Any information of buying price of Dolly Khanna? It has run up a lot since last few weeks
     
  8. Esn1Esn

    Esn1Esn RETIRED BANKER

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    Congrats Sir. You seem to have the jackpot. Dolly Khanna has bought 5 lakh shares of Nandan Denim
    ------------------------------------------------------------------------------------------------------------------------------------
    Thanks Madam .
     
  9. Esn1Esn

    Esn1Esn RETIRED BANKER

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    Thanks Sanman ji and Parin ji....Previous high made was 94 on 6.01.2015
     
  10. Parin Gala

    Parin Gala A long term investor

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    79 today. Even your other recommendations Pincon and Guj Foils are rocking.. You are a hidden gem. Hats off to your ability to locate winners.
     
  11. Meenakshi Razdan

    Meenakshi Razdan Administrator Staff Member Moderator

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    There is also an investors presentation prepared by the company.

    https://www.bseindia.com/corporates/anndet_new.aspx?newsid=eddb9574-6a4e-4083-b0ef-54e1d94fdf9a
     
  12. Esn1Esn

    Esn1Esn RETIRED BANKER

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    ------------------------------------------------------------------------------------------------------------------------------------------
    Thanks Parin ji ....No nothing of such gretness....Kabhi kabhi aisa hota hai.
     
  13. Esn1Esn

    Esn1Esn RETIRED BANKER

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    Toady made a high of 86.50
     
  14. bnmehta007

    bnmehta007 An ardent investor in Indian Stocks.

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    Doubt on promoters. Otherwise at first look this stock seems fantastic.
    I will prefer to revisit once I read their upcoming annual report
     
  15. saurabh.dwivedi

    saurabh.dwivedi Member

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    1)in their annual report they mention they may dilute equity for further expansion.Need to check how much dilutive it might be.
    2)All textile companies are getting benefit of TUFS scheme by indian government, so any change on that front can be a risk.

    Otherwise their performance in last 5 years or so has been good.
     
  16. good stocks

    good stocks Active Member

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    NDL made a high of 174 from suggesed entry at 64
     
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