Is Nandan Denim the Best Stock in Its Sector? A Look at the Numbers
- October 1, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Nandan Denim CMP Rs 3 (01 Oct 2026). Market cap Rs 375 Cr. ROE 5.09%. P/E 10.40x versus Industry P/E 49.33x.
Quick Answer
Nandan Denim is one of the names investors compare when screening the Textile sector, built on a 5.09% return on equity and a P/E of 10.40x against an Industry P/E of 49.33x. Whether Nandan Denim is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Textile sector peers, so you can judge that for yourself.
Is Nandan Denim the best stock in its sector? The stock trades on the NSE at Rs 3 as of 01 October 2026, within its 52-week range of Rs 1.80 to Rs 3.57. Nandan Denim Ltd manufactures denim fabric.
Nandan Denim sits in the Textile sector, and its 5.09% ROE and 10.40x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
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About Nandan Denim
Nandan Denim Ltd manufactures denim fabric. It trades as a low priced penny stock, which brings liquidity and volatility risks, and its very thin book value per share means ratios should be treated with some caution. At a market capitalisation of Rs 375 Cr, it is tracked as part of the Textile sector on Univest.
Is Nandan Denim the Best Stock in Its Sector?
Nandan Denim makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 5.09% ROE with a 10.40x P/E against the sector’s 49.33x Industry P/E. Nandan Denim’s 10.40x P/E is far below the 49.33x Industry P/E, but the benchmark is skewed by richer names, and as a low-priced penny stock with a thin book value, the discount should be treated with particular caution.
| Metric | Nandan Denim |
|---|---|
| CMP (NSE) | Rs 2.54 |
| 52-Week High / Low | Rs 3.57 / Rs 1.80 |
| Market Cap | Rs 375 Cr |
| P/E (TTM) vs Industry P/E | 10.40x vs 49.33x |
| P/B | 0.58 |
| ROE | 5.09% |
| EPS (TTM) | Rs 0.25 |
| Dividend Yield | 0.00% |
| Debt to Equity | 0.18 |
Compare Nandan Denim Against Other Textile Sector Stocks
How Nandan Denim Compares Against Its Textile Sector Peers
The table below sets Nandan Denim against 2 other Textile sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Nandan Denim | 375 | 10.40 | 5.09% | 0.18 |
| Lambodhara Textiles | 141 | 11.31 | 8.58% | 0.30 |
| Modern Threads India | 168 | 13.79 | 8.38% | 0.22 |
| Peer average (2 companies) | – | 12.55 | 8.48% | 0.26 |
Against this peer set, Nandan Denim’s 5.09% ROE is below the 8.48% peer average, and its P/E of 10.40x runs below the peer average of 12.55x. Nandan Denim’s 10.40x P/E is far below the 49.33x Industry P/E, but the benchmark is skewed by richer names, and as a low-priced penny stock with a thin book value, the discount should be treated with particular caution.
What Makes Nandan Denim Worth Watching in Textile
- Well below book value and Industry P/E: A 10.40x P/E against a 49.33x Industry P/E, alongside a P/B of 0.58, means the stock trades below its own book value.
- Denim fabric manufacturing scale: Manufacturing denim fabric gives Nandan Denim a position in India’s branded apparel supply chain.
- Penny stock risk profile: Trading at a very low absolute share price, the stock carries the liquidity and volatility risks typical of penny stocks.
Nandan Denim Valuation: Is It Justified?
Nandan Denim’s 10.40x P/E is far below the 49.33x Industry P/E, but the benchmark is skewed by richer names, and as a low-priced penny stock with a thin book value, the discount should be treated with particular caution. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Motisons Jewellers the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Nandan Denim and other Textile sector stocks.
How to Track Nandan Denim Before You Invest
Before deciding whether Nandan Denim deserves its label as the best stock in its sector for your own portfolio, compare it directly against Textile sector peers using the steps below.
- Open the Univest Screener and search for Nandan Denim to view live price, valuation ratios, and peer comparisons within the Textile sector.
- Compare its P/E, P/B, and ROE against other Textile sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Nandan Denim earns a place in the best stock in its sector conversation on the strength of a 5.09% ROE and a P/E of 10.40x against a 49.33x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Nandan Denim the best stock in its sector?
Ans. Nandan Denim has a 5.09% ROE and trades at 10.40x P/E against a 49.33x Industry P/E, and compares below the peer average ROE of 8.48% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Nandan Denim?
Ans. Nandan Denim was trading at Rs 2.54 on the NSE as of 01 October 2026, within its 52-week range of Rs 1.80 to Rs 3.57.
What sector does Nandan Denim belong to?
Ans. Nandan Denim is classified under the Textile sector on Univest.
How does Nandan Denim compare to its sector peers on P/E?
Ans. Nandan Denim’s P/E of 10.40x is below the 12.55x average of the 2 named peers compared in this article.
What is Nandan Denim’s return on equity?
Ans. Nandan Denim reported a return on equity of 5.09%, which is below the 8.48% average of its named peers in this comparison.
Should I invest in Nandan Denim based on its sector position?
Ans. Nandan Denim’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
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