Nandan DenimNSE:NDL -4.47%82 ROE % is 5.84% as of Mar. 2026, which is 8% above its 10-year median of 5.39. 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. Among 1,023 Manufacturing - Apparel & Accessories companies, Nandan Denim ranks better than 55.43% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Nandan Denim's annualized net income for the quarter that ended in Mar. 2026 was ₹380 Mil. Nandan Denim's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹6,512 Mil. Therefore, Nandan Denim's annualized ROE % for the quarter that ended in Mar. 2026 was 5.84%.
The historical rank and industry rank for Nandan Denim's ROE % or its related term are showing as below:
NSE:NDL'
s ROE % Range Over the Past 10 Years
Min: -3.89 Med: 5.39 Max: 18.68
Current: 5.2
During the past 13 years, Nandan Denim's highest ROE % was 18.68%. The lowest was -3.89%. And the median was 5.39%.
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Nandan Denim ROE % Related Terms
Nandan Denim ROE % Historical Data
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The historical data trend for Nandan Denim's ROE % 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 the Textile Manufacturing subindustry, Nandan Denim's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nandan Denim ROE % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nandan Denim's ROE % distribution charts can be found below:
* The bar in red indicates where Nandan Denim's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Nandan Denim (NSE:NDL) has a ROE % of 5.84% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Nandan Denim and its competitors. This is near median its historical median of 5.39. According to the industry distribution chart, Nandan Denim ranks #456 out of 1023 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 44.6%.
Is Nandan Denim's ROE % too high?
Nandan Denim's current ROE % of 5.84% is near median its 10-year median of 5.39. The Manufacturing - Apparel & Accessories industry median ROE % is 4.04. Nandan Denim's value of 5.84% is 44.6% above this industry median. Based on the distribution chart, Nandan Denim ranks #456 out of 1023 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. 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 ROE % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nandan Denim ranks #456 out of 1023 companies for ROE %. This puts Nandan Denim in the upper half of its industry. The industry median ROE % is 4.04. Nandan Denim's value of 5.84% is 44.6% above this benchmark. While the company's 10-year median is 5.39 vs. the industry median of 4.04, Nandan Denim has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.04, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nandan Denim's current ROE % of 5.84% is 44.6% above 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Nandan Denim and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nandan Denim's current ROE % is 5.84%, which is near median its own 10-year median of 5.39. 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 ₹2.35 — trading 34.5% below its estimated fair value. The current ROE % is 5.84%, which is near median its 10-year median of 5.39 and 44.6% above the Manufacturing - Apparel & Accessories industry median of 4.04. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Nandan Denim (NSE:NDL), the current ROE % is 5.84% 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 ₹2.35 is trading 34.5% below its estimated GF Value™ of ₹3.59.
GuruFocus considers Nandan Denim to be Significantly Undervalued.
Key valuation signals for NSE:NDL:
ROE %: 5.84% (near median its 10-year median of 5.39)
GF Value™: ₹3.59 vs. price of ₹2.35 (34.5% below fair value)
Industry Position: 44.6% above the Manufacturing - Apparel & Accessories median (#456 of 1023)
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.
82GF Score
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