Low PE Textile Penny Stock Below Rs 5 Trading Above 50-DMA: Surges Over 5 Per Cent Today; Q4FY25 & FY25 Results Next Week!

From Rs 2.96 (52-week low) to Rs 4.05 per share, the stock is up by 36.8 per cent.

Nandan Denims Ltd.’s shares rocketed over 5 per cent to Rs 4.05 per share from their previous closing of Rs 3.85 per share. The stock's 52-week high was Rs 7.33 per share while its 52-week low was at Rs 2.96 per share. The stock is trading above the 50-day moving average or 50-DMA.

Nandan Denim Ltd (NDL), a cornerstone of the Chiripal Group since its inception in 1994, has evolved from a textile trading enterprise into a global denim powerhouse. Today, it stands as India's premier and the world's fourth-largest denim manufacturer, catering to a vast customer base across 27 countries and major Indian retailers. NDL's expansive product range, encompassing over 2,000 annual denim variations, shirting fabrics, and sustainable organic cotton yarn, is complemented by a robust in-house R&D department dedicated to driving textile innovation.

Nandan Denim Ltd informed that the Company's Board of Directors is scheduled to be held on Friday, May 23, 2025, inter alia, to consider and approve the Company's Audited Financial Results for the quarter and year ended March 31, 2025.

Earlier Results: According to Quarterly Results, the revenue increased by 100 per cent to Rs 926.15 crore in Q3FY25 compared to Q3FY24. The company reported a net profit of Rs 8.63 crore in Q3FY25. Looking at its nine-month results, the revenue increased by 75 per cent to Rs 2,498.03 crore and the net profit increased by 28 per cent to Rs 22.85 crore in 9MFY25 compared to 9MFY24. In its annual results, the company reported net sales of Rs 2,010.1 crore in FY24 compared to Rs 2,026.8 crore in FY23 while net profit increased by 8,385 per cent to Rs 45 crore compared to Rs 0.53 crore in FY23.

Nandan Denims has a market cap of over Rs 570 crore. As of March 2025, the maximum share is owned by the company's promoter (51.01 per cent). The shares of the company have a PE of 11x whereas the industry PE is 22x. From Rs 2.96 (52-week low) to Rs 4.05 per share, the stock is up by 36.8 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.