Nandan Denim Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Nandan Denim reported audited FY26 revenue of Rs 28,719 lakhs, a significant decline of about 19% from Rs 35,467 lakhs in FY25. Despite the lower topline, net profit remained nearly flat at Rs 3,313 lakhs (vs Rs 3,345 lakhs), indicating improved cost efficiency and margin protection. The company achieved positive operating cash flow of Rs 1,444.56 lakhs. A notable highlight is the substantial deleveraging: total borrowings reduced by over 50% to approximately Rs 1,173 lakhs from Rs 2,486 lakhs. Working capital improved significantly with trade receivables down Rs 13,388 lakhs and inventories down Rs 3,397 lakhs. Auditors issued an unmodified (clean) opinion with no going concern issues. The Board also approved re-appointment of internal and cost auditors for FY27.
Revenue decline of ~19% is concerning for topline-focused investors, though the flat PAT and significant debt reduction demonstrate operational resilience. Improved cash generation and lower leverage are positives. The stock may face pressure if markets focus on revenue contraction in the textile sector.