Nandan Denim Limited has received reaffirmation of its credit ratings from Infomerics Ratings for bank facilities worth ₹339.74 crores, maintaining a stable outlook across long-term and short-term instruments.

Credit Ratings Details

Infomerics Ratings has reaffirmed the credit ratings for Nandan Denim's bank facilities totaling ₹339.74 crores. The rating action covers both long-term and short-term financial instruments of the textile company.

Rating Significance

The reaffirmation of IVR BBB/Stable rating for long-term facilities indicates that Infomerics Ratings views the company as having adequate credit quality with stable outlook. The IVR A3+ rating for short-term facilities reflects satisfactory liquidity position and ability to meet short-term financial obligations.

Regulatory Compliance

The company disclosed this information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Shaktidan Gadhavi, Whole-Time Director (DIN: 09004587), demonstrating proper corporate governance practices.

Company Background

Nandan Denim Limited operates in the textile sector and is part of the Chiripal Group. The company maintains its registered office at Survey No. 198/1, 203/2, Saijpur-Gopalpur, Pirana Road, Piplej, Ahmedabad, with corporate office located at Chiripal House, Shivranjani Cross Road, Satellite, Ahmedabad.

Nandan Denim Limited , a key player in the Indian textile industry, has released its unaudited financial results for the quarter ended September 30, 2025, revealing a mixed performance with a decline in revenue but an increase in profit.

Financial Highlights

Revenue and Profitability

Nandan Denim reported a revenue from operations of Rs. 78,468.97 lakhs for the quarter, marking a 7.71% decrease compared to Rs. 85,025.08 lakhs in the same quarter of the previous year. Despite the revenue decline, the company managed to improve its bottom line, with net profit rising to Rs. 944.70 lakhs, a 7.63% increase from Rs. 877.75 lakhs in Q2 FY2025.

Earnings Per Share

The company's basic earnings per share (EPS) for the quarter stood at Rs. 0.07, up from Rs. 0.06 in the corresponding quarter last year, representing a 16.67% increase.

Half-Year Performance

For the half-year ended September 30, 2025, Nandan Denim's revenue from operations reached Rs. 1,83,236.71 lakhs, showing a significant growth of 16.57% compared to Rs. 1,57,187.37 lakhs in the previous half-year. However, the net profit for the half-year decreased to Rs. 2,064.60 lakhs from Rs. 3,344.85 lakhs in the same period last year.

Balance Sheet Overview

As of September 30, 2025, Nandan Denim's total assets stood at Rs. 1,23,248.59 lakhs, slightly lower than Rs. 1,27,449.19 lakhs reported on March 31, 2025. The company's equity share capital remained unchanged at Rs. 14,414.72 lakhs.

Cash Flow and Liquidity

The company's cash and cash equivalents improved to Rs. 486.19 lakhs as of September 30, 2025, up from Rs. 251.30 lakhs at the end of the previous fiscal year. This increase in liquidity may provide the company with more flexibility in its operations and investments.

Conclusion

Nandan Denim's Q2 FY2026 results present a picture of resilience in the face of revenue headwinds. The company's ability to increase profitability and EPS, despite a decrease in revenue, may indicate effective cost control measures and operational improvements. However, investors and stakeholders may want to keep an eye on the revenue trend in upcoming quarters to assess the company's growth trajectory in the competitive textile sector.

The company's board of directors approved these unaudited financial results at their meeting held on November 13, 2025, as per the regulatory requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.