Nandan Denim

Ahmedabad, India Founded: 1994 • Age: 32 yrs Listed
Denims are manufactured and supplied by Nandan Denim.
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About Nandan Denim

Nandan Denim is a publicly listed company based in Ahmedabad (India) founded in 1994. It operates as a denims are manufactured and supplied by Nandan Denim. The company has 2,130 employees. Its chief executive is Deepak Chiripal. Its Indian entity Nandan Denim Limited reported revenue of ₹3,554 Cr. Nandan Denim offers products and services including Denim, Shirting, and Yarn. Its focus areas include Retail, Contract Manufacturers, Fashion and Fabric. Its competitors include R & B Denims, Vishal Fabrics, Mittal Life style, Modern Denim and Blue Blends.

Company details

Nandan Denim was founded in 1994 and is headquartered in Ahmedabad, India. Operations focus on the textile sector, where denim fabrics are produced and distributed to various markets. Manufacturing processes are handled at facilities in India, with supply chains supporting both domestic and international clients. The company is led by CEO Deepak Chiripal, overseeing production and business development activities.

  • Headquarters Ahmedabad, India
  • Employees 2,130
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website nandandenim.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Nandan Denim Limited
Operational Areas
Industrial Goods & Manufacturing → Contract & Outsourced Manufacturing
Key Metrics
  • Market Cap
    ₹375 Cr

    NDL · NSE

  • Share Price
    ₹2.46

    -5.38% 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)
    10.2x

    P/B 0.6x

  • Latest Funding Round
    $7.53M (USD), Post-IPO

    Nov 2015

  • Employee Count
    2,130

Products & Services of Nandan Denim

Nandan Denim offers a comprehensive portfolio of products and services, including Denim, Shirting, and Yarn.

Denim
Fabric

Denim fabric for apparel and textile applications worldwide.

Shirting
Fabric

Shirting fabric for clothing and fashion manufacturing.

Yarn
Raw Material

Yarn for textile production and integrated fabric making.

Apps and channels of Nandan Denim

its YouTube channel Nandan Denim Limited - Chiripal Group has 548 subscribers and 30 videos.

Nandan Denim Limited - Chiripal Group
YouTube 548 subscribers 30 videos Science & Technology
Open channel

Videos from Nandan Denim

The most watched videos on Nandan Denim's YouTube channel, Nandan Denim Limited - Chiripal Group (548 subscribers). Click a video to play it here.

Deepak Chiripal, CEO talking about Nandan Denim Limited
2.5K views
'Muskurayega India' by Nandan Denim !
1.9K views
GGMA (day 2) - Nandan Denim Limited
1.6K views
GGMA (day 1) - Nandan Denim Limited
1.5K views

More on Nandan Denim Limited - Chiripal Group.

Funding Insights of Nandan Denim

  • Total Rounds 1
  • Last Round Post-IPO — $7.53M
  • First Round $7.53M

    (Nov 2015)

All 1 funding rounds of Nandan Denim with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Nov 2015$7.53MPost-IPO––
–

Board of directors of Nandan Denim Limited (Nandan Denim)

Nandan Denim Limited is the primary company behind Nandan Denim. 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.

DirectorDesignationAppointedTenureEntity
Jyotiprasad Devkinandan Chiripal
DIN 00155695
Managing Director29 May 20179 yrs 4 moNandan Denim Limited
Shaktidan Jayendrasingh Gadhavi
DIN 09004587
Whole-time director28 Dec 20205 yrs 9 moNandan Denim Limited
Rahul Mehta Narendra
DIN 00165521
Director13 Aug 20224 yrs 2 moNandan Denim Limited
Kirit Vaikunthraya Joshi
DIN 05316488
Director13 Aug 20224 yrs 2 moNandan Denim Limited
Nalini Nageswaran
DIN 10128138
Director30 May 20233 yrs 4 moNandan Denim Limited
Suresh Chatterjee
DIN 03565196
Director06 Aug 20251 yr 2 moNandan Denim Limited
Ambalal Chhitabhai Patel
DIN 00037870
Director17 Sep 20251 yr 1 moNandan Denim Limited

People of Nandan Denim

14 people are tracked at Nandan Denim (3 in leadership, 6 in board & advisors, 5 in team); the tracked headcount is 2,130.

NameRoleGroup
Deepak Chiripal
CEOLeadership
Pradip Soni
Head Of SCMLeadership
Jyotiprasad Chiripal
Managing DirectorLeadership
Giraj Mohan Sharma
Independent DirectorBoard & advisors
Ved Prakash D. Chiripal
ChairmanBoard & advisors
Kirit Joshi
Independent DirectorBoard & advisors
Rahul Mehta
Independent DirectorBoard & advisors
Shaktidan Gadhavi
Whole Time DirectorBoard & advisors
Falguni Vasavda
Independent DirectorBoard & advisors
Mark Wallberg
Graphic DesignerTeam
Lora Wellington
ManagerTeam
David Spence
Reporting SpecialistTeam
Alex Collins
Graphic DesignerTeam
Frank Jones
CoordinatorTeam
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Complete people profiles for Nandan Denim

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of Nandan Denim

Nandan Denim 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 date13 Jun 2005
  • Listed onBSE: 532641
  • Listed entityNandan Denim Limited
  • Exchange sectorProcess industries
  • ISININE875G01048
  • Share price₹2.55 (-1.16% on the day) · 2026-10-14
  • Market capitalisation₹372 Cr
  • Price to earnings10.0
  • EPS (diluted, trailing year)₹0.25
  • Volume (last session)372,108

Financials of Nandan Denim

Exchange-reported figures of Nandan Denim Limited, the listed company behind Nandan Denim (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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,8723,5472,0102,0272,1761,0901,524
Revenue growth-19.0%+76.4%-0.8%-6.8%+99.6%-28.5%-
EBITDA89.9212811884.1016065.7599.09
EBITDA margin+3.1%+3.6%+5.9%+4.2%+7.4%+6.0%+6.5%
Profit before tax42.2545.8965.075.1592.15(31.37)(7.28)
Net profit33.1233.4843.320.0767.00(2.52)3.98
Net profit margin+1.2%+0.9%+2.2%0.0%+3.1%-0.2%+0.3%
EPS (₹)0.230.233.120.044.70(3.90)(0.12)
Balance sheet
Total assets7738769271,0101,1031,0291,012
Net worth651619585540539471490
Total debt118249330465558552522
Cash & bank23.7026.2755.9227.5745.5930.3226.04
Net working capital402447443478546512436
Cash flow
Cash from operations14495.0723014110134.95155
Cash from investing5.789.56(49.77)(21.08)(55.43)(24.13)(18.08)
Cash from financing(149)(117)(168)(145)(34.25)(9.44)(124)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6225405007851,0481,049926850
Revenue growth (YoY)-40.6%-48.5%-46.1%-7.7%+45.2%---
Other income2.439.391.451.831.541.621.851.92
Total expenses5985274787611,0151,014897818
EBITDA24.3813.0321.0523.4432.4134.3929.0132.54
EBITDA margin+3.9%+2.4%+4.2%+3.0%+3.1%+3.3%+3.1%+3.8%
Depreciation11.6310.9011.6510.0511.6112.4113.6213.60
Interest4.86(3.50)6.746.907.529.078.629.46
Profit before tax10.3215.024.118.3214.8214.538.6211.40
Tax(4.48)5.511.13(1.13)3.623.902.052.63

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 21 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6225405007851,0481,049926850
Revenue growth (YoY)-40.6%-48.5%-46.1%-7.7%+45.2%---
Other income2.439.391.451.831.541.621.851.92
Total expenses5985274787611,0151,014897818
EBITDA24.3813.0321.0523.4432.4134.3929.0132.54
EBITDA margin+3.9%+2.4%+4.2%+3.0%+3.1%+3.3%+3.1%+3.8%
Depreciation11.6310.9011.6510.0511.6112.4113.6213.60
Interest4.86(3.50)6.746.907.529.078.629.46
Profit before tax10.3215.024.118.3214.8214.538.6211.40
Tax(4.48)5.511.13(1.13)3.623.902.052.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,8723,5472,0102,0272,1761,0901,524
Revenue growth-19.0%+76.4%-0.8%-6.8%+99.6%-28.5%-
Other income14.207.6334.5911.6218.6123.5224.37
Total expenses2,7823,4181,8921,9432,0151,0241,425
Employee cost0.0087.8174.2374.1180.5751.0079.28
EBITDA89.9212811884.1016065.7599.09
EBITDA margin+3.1%+3.6%+5.9%+4.2%+7.4%+6.0%+6.5%
Depreciation44.2153.2140.5637.1944.5178.3887.70
Interest17.6636.7447.2353.3842.0642.2643.04
Profit before tax42.2545.8965.075.1592.15(31.37)(7.28)
Tax9.1312.4020.164.6224.45(12.66)(6.69)
Net profit33.1233.4843.320.0767.00(2.52)3.98
Net profit margin+1.2%+0.9%+2.2%0.0%+3.1%-0.2%+0.3%
EPS (₹)0.230.233.120.044.70(3.90)(0.12)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital14414414414414448.0548.05
Reserves & surplus507475441396395423442
Shareholders' funds (net worth)651619585540539471490
Secured loans81.62217301446523552522
Unsecured loans35.9232.0928.6719.2035.200.000.00
Total debt118249330465558552522
Total liabilities7738769271,0101,1031,0291,012
Assets
Gross block1,0381,0331,0291,017996931970
Net block421459508534544503584
Capital work in progress1.110.710.715.140.342.080.00
Investments1.070.680.410.320.470.291.21
Inventories143177168207244205163
Sundry debtors377511372353446278319
Cash & bank balances23.7026.2755.9227.5745.5930.3226.04
Loans & advances59.3484.5267.07132139150112
Total current assets603798663720874664621
Total current liabilities201351220242328152185
Net working capital402447443478546512436
Total assets7738769271,0101,1031,0291,012
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash2.5115.313.1728.6516.9315.543.01
Net cash from operating activities14495.0723014110134.95155
Net cash from investing activities5.789.56(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 cash1.03(12.80)12.14(25.47)11.721.3912.53
Closing cash23.7026.2755.9227.5745.5930.3226.04
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-0.480.710.951.101.121.15
Long-term debt / equity-0.080.200.350.490.550.58
Interest cover38.6348.9960.78113.7936.38-334.60377.88
Efficiency & per share
Fixed asset turnover-3.441.972.012.261.151.59
Inventory turnover-20.6010.728.999.695.928.02
Debtors turnover-8.045.545.076.013.655.14
EPS (₹)0.230.233.120.044.70(3.90)(0.12)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.004.2940.6037.4737.3898.03102.04

Timeline of Nandan Denim

3 dated milestones of Nandan Denim across 21 years, from founding to its latest funding, stage changes and deals.

  1. Founded Nandan Denim is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Funding First funding round of $7.5M.

Competitors of Nandan Denim

Nandan Denim has 5 listed competitors in our database. They include R & B Denims, Vishal Fabrics, Mittal Life style, Modern Denim and Blue Blends, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
R & B Denims
rnbdenims.com2012Surat, India–20
Contract manufacturer of denims
Vishal Fabrics
vishalfabricsltd.com1985Ahmedabad, India–114
Denim fabrics are manufactured under contract in India.
Mittal Life style
mittallifestyle.in2005Mumbai, India–12
Contract-based manufacturing of denim fabric is provided in India.
Modern Denim
moderndenim.com1991Ahmedabad, India–34
Manufactures and supplies diverse denim fabrics conforming to international standards.
Blue Blends
blueblends.com1995Ahmedabad, India––
Serves as a contract manufacturer of denim products.
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Detailed competitors of Nandan Denim

The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.

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Web traffic of Nandan Denim

The website of Nandan Denim (nandandenim.com) receives about 2.8K visits a month.

  • Monthly visits
    2.8K

    ▲ 12.9% vs previous month

Similar websites

Websites whose visitors overlap most with Nandan Denim. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Chiripal Group
chiripalgroup.com
100%
2.5K#6,992,389View details
NAHAR Group
owmnahar.com
83%
9.4K–View details
New Cloth Market
newclothmarketonline.com
83%
–#3,395,159View details

Top companies in Contract & Outsourced Manufacturing

10 companies that operate in the same segment as Nandan Denim (Contract & Outsourced Manufacturing), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Flex
Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services
1969San Jose, California, United States–USD 27.91 B147,980
Foxconn Electronics
Electronic products and components are manufactured globally by Foxconn.
1974Taipei, Taiwan––12,716
Craftsman Automation
Industrial components, mould bases, and storage solutions are manufactured globally.
1986Coimbatore, Tamil Nadu, IndiaUSD 28 MUSD 853.09 M3,060
Magna International
Automotive components are manufactured and supplied to OEMs.
1957Aurora, Ontario, Canada–USD 42.92 B170,000
KRYFS
Single- and three-phase transformers are manufactured in Mumbai.
1993Mumbai, Maharashtra, India–USD 114.37 M618
Watsco
Equipment and parts for HVAC/R industry are supplied.
1956Miami, Florida, United States–USD 7.24 B7,290
Huaqin
Smart hardware and vehicle electronics are manufactured on contract.
2005Pudong, Shanghai, ChinaUSD 431.15 MUSD 24.45 B1,982
Clas Ohlson
Clas Ohlson was founded in 1918 in Insjön, Sweden.
1918Insjon, Dalarna, Sweden–USD 1.35 B–
Fraunhofer
Application-oriented research is conducted in bioeconomy, AI, and climate technologies.
1949Darmstadt, Hesse, GermanyUSD 23.27 M––
Gokaldas Exports
Apparel and clothing are manufactured and exported on contract.
1979Bengaluru, Karnataka, India–USD 400 M40,280
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Frequently Asked Questions about Nandan Denim

Nandan Denim was founded in 1994 and raised its 1st funding round 21 years after it was founded.

Nandan Denim is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

Deepak Chiripal is the current CEO of Nandan Denim.

Nandan Denim has 2,130 employees.

The primary company behind Nandan Denim, Nandan Denim Limited, reported revenue of ₹3,554 Cr for FY 2025, up 74% year on year.

Nandan Denim was founded in 1994 and is headquartered in Ahmedabad, India. Operations focus on the textile sector, where denim fabrics are produced and distributed to various markets. Manufacturing processes are handled at facilities in India, with supply chains supporting both domestic and international clients. The company is led by CEO Deepak Chiripal, overseeing production and business development activities.

Nandan Denim's top competitors include R & B Denims, Vishal Fabrics and Mittal Life style.

Nandan Denim offers Denim, Shirting, and Yarn.

Yes, Nandan Denim is publicly traded on NSE under the ticker symbol NDL.

Nandan Denim operates through Nandan Denim Limited.

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

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