Chiripal Group - 2026 Company Profile, Team

About Chiripal Group

Chiripal Group is a publicly listed company based in Ahmedabad (India) founded in 1972. Multiple industries are operated by the diversified Chiripal Group. The company has 1,583 employees. Its Indian entity Nandan Denim Limited reported revenue of ₹2,886 Cr. Chiripal Group offers products and services including Textile Products and Renewable Energy Solutions. Its focus areas include Conglomerates and Traditional Conglomerates.

Company details

Chiripal Group was established in 1972 in Ahmedabad, India, as a diversified conglomerate. Operations span various sectors including textiles, chemicals, and infrastructure. Activities are managed through multiple subsidiaries, with a focus on manufacturing and trading. The company is headquartered in India, serving domestic and select international markets. Leadership is provided by Ronak Chiripal in the role of Managing Director.

Headquarters Ahmedabad, India
Employees 1,583
Stage Public
Sectors
Industrial Goods & Manufacturing
Email
••••••••
Phone
•••• ••••
Website chiripalgroup.com
Social LinkedIn X Facebook Instagram
Legal Name Chiripal Group
Date of Incorporation 09 Aug, 1994
Jurisdiction Ahmedabad, Gujarat, India

Operational Areas

Industrial Goods & Manufacturing → Metals & Minerals

Key Metrics

Market Cap
₹352 Cr
NDL · NSE
Share Price
₹2.49
+2.05% today
Revenue
₹2,872 Cr
FY 2025-26 · -19.0% YoY
EBITDA
₹89.92 Cr
Margin 3.1%
Net Profit
₹33.12 Cr
FY 2025-26 · -1.1% YoY
P/E (TTM)
9.7x
P/B 0.5x
Employee Count
1,583

Associated legal entities of Chiripal Group

Chiripal Group operates through Nandan Denim Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.

Legal entity	Status	Incorporated	Registered in	Revenue (FY 2026)	Employees	Directors	Company page
Nandan Denim Limited Listed CIN L51909GJ1994PLC022719	Active	09 Aug 1994	Ahmedabad, Gujarat	₹2,886 Cr	1,259	10	View details

Products & Services of Chiripal Group

Chiripal Group offers a comprehensive portfolio of products and services, including Textile Products and Renewable Energy Solutions.

Textile Products

Manufacturing

Textile products are produced through processes that involve fabric manufacturing and denim creation for various industrial applications

Renewable Energy Solutions

Energy

Renewable energy solutions are provided by harnessing solar power and other sustainable sources to meet energy demands in manufacturing operations

Board of directors of Nandan Denim Limited (Chiripal Group)

Nandan Denim Limited is the primary company behind Chiripal Group. The board of Nandan Denim Limited currently have 7 directors; the longest-serving is Jyotiprasad Devkinandan Chiripal, appointed in 2017. 28 earlier directors have ceased.

Director	Designation	Appointed	Tenure	Entity
Jyotiprasad Devkinandan Chiripal DIN 00155695	Managing Director	29 May 2017	9 yrs 4 mo	Nandan Denim Limited
Shaktidan Jayendrasingh Gadhavi DIN 09004587	Whole-time director	28 Dec 2020	5 yrs 9 mo	Nandan Denim Limited
Rahul Mehta Narendra DIN 00165521	Director	13 Aug 2022	4 yrs 2 mo	Nandan Denim Limited
Kirit Vaikunthraya Joshi DIN 05316488	Director	13 Aug 2022	4 yrs 2 mo	Nandan Denim Limited
Nalini Nageswaran DIN 10128138	Director	30 May 2023	3 yrs 4 mo	Nandan Denim Limited
Suresh Chatterjee DIN 03565196	Director	06 Aug 2025	1 yr 2 mo	Nandan Denim Limited
Ambalal Chhitabhai Patel DIN 00037870	Director	17 Sep 2025	1 yr 1 mo	Nandan Denim Limited

People of Chiripal Group

6 people are tracked at Chiripal Group (3 in leadership, 3 in team); the tracked headcount is 1,583.

Name	Role	Group
Ronak Chiripal	Managing Director	Leadership
Anand Iyer	Senior General Manager	Leadership
Hariram Jaspal	CEO	Leadership
Punit Mehta	Sr. Executive	Team
Nikhilesh Joshi	Gm-it	Team
E Dharmendrakumar	Asset Management - Solar And Wind	Team

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Complete people profiles for Chiripal Group

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Team structure
Board tenure
Professional contacts

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IPO & Listings of Chiripal Group

Chiripal Group is a publicly listed company on the NSE with ticker symbol NDL in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

IPO date23 Mar 2012
Listed onNSE: NDL
Listed entityNandan Denim Limited
Exchange sectorProcess industries

Financials of Chiripal Group

Exchange-reported figures of Nandan Denim Limited, the listed company behind Chiripal Group (NSE: NDL).

Financial Highlights

FY 2025-26 · Standalone

Revenue

₹2,872 Cr

-19.0% YoY

EBITDA

₹89.92 Cr

-29.9% YoY

Profit After Tax

₹33.12 Cr

-1.1% YoY

Net Worth

₹651 Cr

+5.2% YoY

Total Assets

₹773 Cr

-11.8% YoY

Total Debt

₹118 Cr

-52.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income statement
Revenue	2,872	3,547	2,010	2,027	2,176	1,090	1,524
Revenue growth	-19.0%	+76.4%	-0.8%	-6.8%	+99.6%	-28.5%	-
EBITDA	89.92	128	118	84.10	160	65.75	99.09
EBITDA margin	+3.1%	+3.6%	+5.9%	+4.2%	+7.4%	+6.0%	+6.5%
Profit before tax	42.25	45.89	65.07	5.15	92.15	(31.37)	(7.28)
Net profit	33.12	33.48	43.32	0.07	67.00	(2.52)	3.98
Net profit margin	+1.2%	+0.9%	+2.2%	0.0%	+3.1%	-0.2%	+0.3%
EPS (₹)	0.23	0.23	3.12	0.04	4.70	(3.90)	(0.12)
Balance sheet
Total assets	773	876	927	1,010	1,103	1,029	1,012
Net worth	651	619	585	540	539	471	490
Total debt	118	249	330	465	558	552	522
Cash & bank	23.70	26.27	55.92	27.57	45.59	30.32	26.04
Net working capital	402	447	443	478	546	512	436
Cash flow
Cash from operations	144	95.07	230	141	101	34.95	155
Cash from investing	5.78	9.56	(49.77)	(21.08)	(55.43)	(24.13)	(18.08)
Cash from financing	(149)	(117)	(168)	(145)	(34.25)	(9.44)	(124)

Particulars	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024
Revenue	622	540	500	785	1,048	1,049	926	850
Revenue growth (YoY)	-40.6%	-48.5%	-46.1%	-7.7%	+45.2%	-	-	-
Other income	2.43	9.39	1.45	1.83	1.54	1.62	1.85	1.92
Total expenses	598	527	478	761	1,015	1,014	897	818
EBITDA	24.38	13.03	21.05	23.44	32.41	34.39	29.01	32.54
EBITDA margin	+3.9%	+2.4%	+4.2%	+3.0%	+3.1%	+3.3%	+3.1%	+3.8%
Depreciation	11.63	10.90	11.65	10.05	11.61	12.41	13.62	13.60
Interest	4.86	(3.50)	6.74	6.90	7.52	9.07	8.62	9.46
Profit before tax	10.32	15.02	4.11	8.32	14.82	14.53	8.62	11.40
Tax	(4.48)	5.51	1.13	(1.13)	3.62	3.90	2.05	2.63

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026

Particulars	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024
Revenue	622	540	500	785	1,048	1,049	926	850
Revenue growth (YoY)	-40.6%	-48.5%	-46.1%	-7.7%	+45.2%	-	-	-
Other income	2.43	9.39	1.45	1.83	1.54	1.62	1.85	1.92
Total expenses	598	527	478	761	1,015	1,014	897	818
EBITDA	24.38	13.03	21.05	23.44	32.41	34.39	29.01	32.54
EBITDA margin	+3.9%	+2.4%	+4.2%	+3.0%	+3.1%	+3.3%	+3.1%	+3.8%
Depreciation	11.63	10.90	11.65	10.05	11.61	12.41	13.62	13.60
Interest	4.86	(3.50)	6.74	6.90	7.52	9.07	8.62	9.46
Profit before tax	10.32	15.02	4.11	8.32	14.82	14.53	8.62	11.40
Tax	(4.48)	5.51	1.13	(1.13)	3.62	3.90	2.05	2.63

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Revenue	2,872	3,547	2,010	2,027	2,176	1,090	1,524
Revenue growth	-19.0%	+76.4%	-0.8%	-6.8%	+99.6%	-28.5%	-
Other income	14.20	7.63	34.59	11.62	18.61	23.52	24.37
Total expenses	2,782	3,418	1,892	1,943	2,015	1,024	1,425
Employee cost	0.00	87.81	74.23	74.11	80.57	51.00	79.28
EBITDA	89.92	128	118	84.10	160	65.75	99.09
EBITDA margin	+3.1%	+3.6%	+5.9%	+4.2%	+7.4%	+6.0%	+6.5%
Depreciation	44.21	53.21	40.56	37.19	44.51	78.38	87.70
Interest	17.66	36.74	47.23	53.38	42.06	42.26	43.04
Profit before tax	42.25	45.89	65.07	5.15	92.15	(31.37)	(7.28)
Tax	9.13	12.40	20.16	4.62	24.45	(12.66)	(6.69)
Net profit	33.12	33.48	43.32	0.07	67.00	(2.52)	3.98
Net profit margin	+1.2%	+0.9%	+2.2%	0.0%	+3.1%	-0.2%	+0.3%
EPS (₹)	0.23	0.23	3.12	0.04	4.70	(3.90)	(0.12)

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Equity & liabilities
Share capital	144	144	144	144	144	48.05	48.05
Reserves & surplus	507	475	441	396	395	423	442
Shareholders' funds (net worth)	651	619	585	540	539	471	490
Secured loans	81.62	217	301	446	523	552	522
Unsecured loans	35.92	32.09	28.67	19.20	35.20	0.00	0.00
Total debt	118	249	330	465	558	552	522
Total liabilities	773	876	927	1,010	1,103	1,029	1,012
Assets
Gross block	1,038	1,033	1,029	1,017	996	931	970
Net block	421	459	508	534	544	503	584
Capital work in progress	1.11	0.71	0.71	5.14	0.34	2.08	0.00
Investments	1.07	0.68	0.41	0.32	0.47	0.29	1.21
Inventories	143	177	168	207	244	205	163
Sundry debtors	377	511	372	353	446	278	319
Cash & bank balances	23.70	26.27	55.92	27.57	45.59	30.32	26.04
Loans & advances	59.34	84.52	67.07	132	139	150	112
Total current assets	603	798	663	720	874	664	621
Total current liabilities	201	351	220	242	328	152	185
Net working capital	402	447	443	478	546	512	436
Total assets	773	876	927	1,010	1,103	1,029	1,012

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Opening cash	2.51	15.31	3.17	28.65	16.93	15.54	3.01
Net cash from operating activities	144	95.07	230	141	101	34.95	155
Net cash from investing activities	5.78	9.56	(49.77)	(21.08)	(55.43)	(24.13)	(18.08)
Net cash from financing activities	(149)	(117)	(168)	(145)	(34.25)	(9.44)	(124)
Net change in cash	1.03	(12.80)	12.14	(25.47)	11.72	1.39	12.53
Closing cash	23.70	26.27	55.92	27.57	45.59	30.32	26.04

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Growth
Sales growth	-19.0%	+76.4%	-0.8%	-6.8%	+99.6%	-28.5%	-
EBITDA growth	-29.9%	+8.4%	+40.6%	-47.5%	+143.5%	-33.7%	-
PBT growth	-7.9%	-29.5%	+1163.5%	-94.4%	+9998.0%	-330.9%	-
Net income growth	-1.1%	-22.7%	-	-99.9%	+2758.7%	-163.3%	-
Revenue CAGR (3Y)	+12.3%	+17.7%	+22.6%	+10.0%	+14.3%	-11.8%	+7.7%
EBITDA CAGR (3Y)	+2.3%	-7.1%	+21.6%	-5.3%	+2.4%	-33.7%	-19.1%
Profitability & leverage
Net income margin	+1.2%	+0.9%	+2.2%	+0.0%	+3.1%	-1.7%	-0.0%
Return on capital employed	-	+9.2%	+11.6%	+5.4%	+12.6%	+2.7%	+3.9%
Return on net worth	-	+5.6%	+8.0%	+0.0%	+13.4%	-0.5%	+0.8%
Debt / equity	-	0.48	0.71	0.95	1.10	1.12	1.15
Long-term debt / equity	-	0.08	0.20	0.35	0.49	0.55	0.58
Interest cover	38.63	48.99	60.78	113.79	36.38	-334.60	377.88
Efficiency & per share
Fixed asset turnover	-	3.44	1.97	2.01	2.26	1.15	1.59
Inventory turnover	-	20.60	10.72	8.99	9.69	5.92	8.02
Debtors turnover	-	8.04	5.54	5.07	6.01	3.65	5.14
EPS (₹)	0.23	0.23	3.12	0.04	4.70	(3.90)	(0.12)
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	0.00	4.29	40.60	37.47	37.38	98.03	102.04

Web traffic of Chiripal Group

The website of Chiripal Group (chiripalgroup.com) receives about 2.5K visits a month.

Monthly visits
2.5K
▼ 55.3% vs previous month

Similar websites

Websites whose visitors overlap most with Chiripal Group. Affinity shows how closely the audiences match.

Website	Domain	Audience affinity	Monthly visits	Global rank	Profile
Nandan Denim	nandandenim.com	100%	2.8K	#5,188,696	View details
mohan-group.com	mohan-group.com	55%		#6,841,035	–
planify-main.s3.amazonaws.com	planify-main.s3.amazonaws.com	27%			–

Top companies in Metals & Minerals

3 companies that operate in the same segment as Chiripal Group (Metals & Minerals) in India, ranked by their profile score on The Company Check.

Company	Description	Founded	Location	Total funding	Revenue	Employees
Welspun Group	Manufacturer of pipes, plates & coils, and home textile products	1985	Mumbai, Maharashtra, India	USD 544.43 M		6,934
Sanmar Group	Chemical and casting products are manufactured, with shipping operations managed.	1962	Chennai, Tamil Nadu, India	USD 573.4 M	USD 1.43 B	180
Mahindra	Diversified operations span automotive, agriculture, and financial services.	1945	Mumbai, Maharashtra, India	USD 45.15 M	USD 20.78 B	78,760

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Frequently Asked Questions about Chiripal Group

When was Chiripal Group founded?

Chiripal Group was founded in 1972.

Where is Chiripal Group located?

Chiripal Group is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

How many employees does Chiripal Group have?

Chiripal Group has 1,583 employees.

What is the annual revenue of Chiripal Group?

The primary company behind Chiripal Group, Nandan Denim Limited, reported revenue of ₹2,886 Cr for FY 2026, down 19% year on year.

What does Chiripal Group do?

Chiripal Group was established in 1972 in Ahmedabad, India, as a diversified conglomerate. Operations span various sectors including textiles, chemicals, and infrastructure. Activities are managed through multiple subsidiaries, with a focus on manufacturing and trading. The company is headquartered in India, serving domestic and select international markets. Leadership is provided by Ronak Chiripal in the role of Managing Director.

What products or services does Chiripal Group offer?

Chiripal Group offers Textile Products and Renewable Energy Solutions.

Is Chiripal Group publicly traded?

Yes, Chiripal Group is publicly traded on NSE under the ticker symbol NDL.

Which legal entities are associated with Chiripal Group?

Chiripal Group operates through Nandan Denim Limited.

Who are the directors of Chiripal Group?

The legal entities of Chiripal Group currently have 10 directors, including Shaktidan Jayendrasingh Gadhavi, Rahul Mehta Narendra, Kirit Vaikunthraya Joshi and others.