Nandan Denim (NSE:NDL) ROCE %: 1.12% (As of Mar. 2026)


NSE:NDL Nandan Denim Ltd NSE:NDL
82 GF Score
Price ₹2.46
GF Value ₹3.59
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Nandan Denim ROCE %?

Nandan Denim NSE:NDL -5.02% 82 ROCE % is 1.12% as of Mar. 2026. GuruFocus rates NSE:NDL with a GF Score™ of 82/100 and a GF Value™ of ₹3.59 (Significantly Undervalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Nandan Denim's annualized ROCE % for the quarter that ended in Mar. 2026 was 1.12%.

Nandan Denim  (NSE:NDL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Nandan Denim ROCE % Related Terms

Nandan Denim ROCE % Historical Data

* Premium members only.

The historical data trend for Nandan Denim's ROCE % 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.

Nandan Denim ROCE % Chart

Nandan Denim Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.71 7.01 14.92 11.26 7.98

Nandan Denim Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.77 12.10 8.04 5.73 1.12
NSE:NDL
82GF Score
Nandan Denim Ltd NSE:NDL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nandan Denim ROCE % Calculation

Nandan Denim's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=599.171/( ( (12744.919 - 5359.78) + (10316.145 - 2681.816) )/ 2 )
=599.171/( (7385.139+7634.329)/ 2 )
=599.171/7509.734
=7.98 %

Nandan Denim's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=85.624/( ( (0 - 0) + (10316.145 - 2681.816) )/ 1 )
=85.624/( ( 0 + 7634.329 )/ 1 )
=85.624/7634.329
=1.12 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 1.12% mean?
Nandan Denim (NSE:NDL) has a ROCE % of 1.12% as of Mar. 2026.
Is Nandan Denim's ROCE % too high?
Nandan Denim's current ROCE % is 1.12%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.14. Nandan Denim's value of 1.12% is 81.7% below this industry median. Overall, Nandan Denim has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nandan Denim's ROCE % compare to competitors?
Nandan Denim's ROCE % of 1.12% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.14. Nandan Denim's value of 1.12% is 81.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.14, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nandan Denim's current ROCE % of 1.12% is 81.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nandan Denim's current ROCE % is 1.12%. 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 ₹3.59, compared to a current price of ₹2.46 — trading 31.5% below its estimated fair value. The current ROCE % is 1.12% and 81.7% below the Manufacturing - Apparel & Accessories industry median of 6.14. Nandan Denim's overall GF Score™ is 82/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Nandan Denim (NSE:NDL), the current ROCE % is 1.12% 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 ₹2.46 is trading 31.5% below its estimated GF Value™ of ₹3.59. GuruFocus considers Nandan Denim to be Significantly Undervalued.

Key valuation signals for NSE:NDL:

  • ROCE %: 1.12%
  • GF Value™: ₹3.59 vs. price of ₹2.46 (31.5% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 81.7% below the Manufacturing - Apparel & Accessories median

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 Business Description

Other Exchanges 532641:India
Address Near Shivranjani Cross Road, Chiripal House, Satellite, Ahmedabad, GJ, IND, 380015
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.
82GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2.46
Price
₹3.59
GF Value