Shares of Nandan Denim down 7%

NEW DELHI: Shares of Nandan Denim traded 6.58 per cent down in Monday 's trade. Around 2590 shares changed hands on the counter. The stock opened at Rs 14.0 and touched an intraday high and low of Rs 16.2 and Rs 13.75 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 81.4 and a 52-week low of Rs 12.3 .

The company has resumed production at Piplej unit after receiving necessary regulatory approvals.


Early Monday, Sensex hit lower circuit limit of 10 per cent as coronavirus scare continued to weigh on the sentiment. The 30-share Sensex plummeted 10 per cent or 2,991.85 points to 26,924. Market capitalisation of BSE-listed firms retreated to Rs 105.91 lakh crore from Rs 116.09 lakh crore.

Financials
Nandan Denim Ltd., incorporated in the year 1994, is a Small Cap company (having a market cap of Rs 74.48 Crore) operating in Textiles sector.

For the quarter ended 31-12-2019, the company has reported a Standalone sales of Rs 365.84 Crore, down -6.19 % from last quarter Sales of Rs 389.99 Crore and up 7.65 % from last year same quarter Sales of Rs 339.84 Crore Company has reported net profit after tax of Rs 1.66 Crore in latest quarter.

Nandan Denim Ltd. key Products/Revenue Segments include Fabric which contributed Rs 1566.72 Crore to Sales Value (98.60 % of Total Sales), Sale of services which contributed Rs 8.48 Crore to Sales Value (0.53 % of Total Sales), Waste which contributed Rs 8.45 Crore to Sales Value (0.53 % of Total Sales) and Export Incentives which contributed Rs 5.27 Crore to Sales Value (0.33 % of Total Sales)for the year ending 31-Mar-2018.

Promoters holding
Promoters held 64.72998 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 365.8383 crore and net profit of Rs 1.6591 crore.

Valuation ratio
It quoted a price-to-earnings ratio of 6.55 , an EPS value of xxxx and price to book value of 0.15 .