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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Nandan Denim's Cost of Goods Sold for the
three
months ended in Mar. 2026 was ₹4,633 Mil. Nandan Denim's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹1,428 Mil.
Nandan Denim's Inventory Turnover for the quarter that ended in Mar. 2026 was 3.24.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nandan Denim's Days Inventory for the
three
months ended in Mar. 2026 was 28.13.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Nandan Denim's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.26.
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nandan Denim's Days Inventory for the
three
months ended in Mar. 2026 is calculated as:
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Nandan Denim's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Nandan Denim Inventory Turnover Related Terms
Nandan Denim Inventory Turnover Historical Data
* Premium members only.
The historical data trend for Nandan Denim's Inventory Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nandan Denim (NSE:NDL) has a Inventory Turnover of 3.24 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nandan Denim and its competitors.
Is Nandan Denim's Inventory Turnover too high?
Nandan Denim's current Inventory Turnover is 3.24. Overall, Nandan Denim has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nandan Denim's Inventory Turnover compare to competitors?
Nandan Denim's Inventory Turnover of 3.24 can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Manufacturing - Apparel & Accessories company?
A good Inventory Turnover depends on the Manufacturing - Apparel & Accessories industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nandan Denim and its competitors. Nandan Denim's current Inventory Turnover is 3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nandan Denim stock overvalued right now?
Based on GuruFocus' analysis, Nandan Denim (NSE:NDL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹3.66, compared to a current price of ₹2.32 — trading 36.6% below its estimated fair value. The current Inventory Turnover is 3.24. Nandan Denim's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Nandan Denim (NSE:NDL), the current Inventory Turnover is 3.24 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nandan Denim (NSE:NDL) Overvalued in 2026?
Based on GuruFocus' analysis, Nandan Denim stock appears to be undervalued.
The current stock price of ₹2.32 is trading 36.6% below its estimated GF Value™ of ₹3.66.
GuruFocus considers Nandan Denim to be Significantly Undervalued.
Key valuation signals for NSE:NDL:
Inventory Turnover: 3.24
GF Value™: ₹3.66 vs. price of ₹2.32 (36.6% below fair value)
No single metric tells the full story. See the NSE:NDL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nandan Denim Ltd is engaged in the manufacturing and sale of fabrics. Its product portfolio includes Regular Basic denim, Knit denim, Smart Casuals, Textured, Organic Cotton yarn, Blended yarn, and others. The majority of its revenue is generated from the Indian market and it also exports its products to other countries.
81GF Score
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