Latest news with #ChiripalGroup
Mint
26-05-2025
- Business
- Mint
Multibagger penny stock below ₹5 jumps over 4% after announcement of Q4 results 2025
Shares of Nandan Denim, a penny stock trading under ₹ 5, jumped over 4 percent in intra-day trading on Monday, May 26, after the company posted strong revenue growth for the quarter ended March 2025 (Q4FY25). The upbeat top-line performance reignited investor interest despite a notable decline in profitability. Nandan Denim reported a sharp 81 percent surge in sales for the March 2025 quarter, with revenue climbing to ₹ 1,048.65 crore, compared to ₹ 579.12 crore in the same quarter last year. This strong growth underscores the company's expanding market presence and robust demand for its denim products both in India and internationally. However, the bottom line failed to keep pace. The company's net profit for the quarter declined by 60.79 percent to ₹ 10.63 crore from ₹ 27.11 crore in the corresponding period of the previous year. The decline in profit despite higher revenue suggests increased cost pressures or changes in the product mix that impacted margins. On an annual basis, net profit also dipped 25.50 percent, falling to ₹ 33.48 crore in FY25 from ₹ 44.94 crore in FY24. Yet, revenue for the year ended March 2025 rose substantially, up 76.44 percent to ₹ 3,546.68 crore, compared to ₹ 2,010.09 crore in the previous year. The company has taken several shareholder-friendly initiatives in recent years. In September 2024, Nandan Denim announced a stock split in a 10:1 ratio, making the stock more affordable and accessible to retail investors. Earlier, in March 2022, it had issued bonus shares in a 2:1 ratio, further rewarding shareholders. Founded in 1994, Nandan Denim is part of the Ahmedabad-based Chiripal Group and has grown to become India's largest and the world's fourth-largest denim fabric manufacturer. What began as a textile trading business has evolved into a vertically integrated denim powerhouse with global operations. Today, it exports to over 27 countries and counts several top retailers among its clients. Domestically, the company holds a dominant position in the denim supply chain. The penny stock climbed as much as 4.2 percent in Monday's session, touching an intraday high of ₹ 4.19. Despite the rally, it remains 43 percent below its 52-week high of ₹ 7.33, which it touched in September 2024. The stock also hit a 52-week low of ₹ 2.96 in March 2025. Over the past year, the stock has delivered a modest 5 percent return, reflecting a largely flat trajectory. However, a broader time-frame paints a more optimistic picture. Over two years, the stock has surged 92 percent, while in five years, it has given multibagger returns, skyrocketing by 755 percent—offering substantial wealth creation for long-term investors. The recent uptrend has also been noteworthy. The stock has gained more than 13 percent so far in May, following a 3.7 percent rise in April and an 11.4 percent increase in March. Prior to this rally, the counter had been under pressure, declining for five straight months from October 2024 through February 2025.
Mint
26-05-2025
- Business
- Mint
Multibagger penny stock below ₹5 jumps over 4% after announcement of Q4 results 2025
Shares of Nandan Denim, a penny stock trading under ₹ 5, jumped over 4 percent in intra-day trading on Monday, May 26, after the company posted strong revenue growth for the quarter ended March 2025 (Q4FY25). The upbeat top-line performance reignited investor interest despite a notable decline in profitability. Nandan Denim reported a sharp 81 percent surge in sales for the March 2025 quarter, with revenue climbing to ₹ 1,048.65 crore, compared to ₹ 579.12 crore in the same quarter last year. This strong growth underscores the company's expanding market presence and robust demand for its denim products both in India and internationally. However, the bottom line failed to keep pace. The company's net profit for the quarter declined by 60.79 percent to ₹ 10.63 crore from ₹ 27.11 crore in the corresponding period of the previous year. The decline in profit despite higher revenue suggests increased cost pressures or changes in the product mix that impacted margins. On an annual basis, net profit also dipped 25.50 percent, falling to ₹ 33.48 crore in FY25 from ₹ 44.94 crore in FY24. Yet, revenue for the year ended March 2025 rose substantially, up 76.44 percent to ₹ 3,546.68 crore, compared to ₹ 2,010.09 crore in the previous year. The company has taken several shareholder-friendly initiatives in recent years. In September 2024, Nandan Denim announced a stock split in a 10:1 ratio, making the stock more affordable and accessible to retail investors. Earlier, in March 2022, it had issued bonus shares in a 2:1 ratio, further rewarding shareholders. Founded in 1994, Nandan Denim is part of the Ahmedabad-based Chiripal Group and has grown to become India's largest and the world's fourth-largest denim fabric manufacturer. What began as a textile trading business has evolved into a vertically integrated denim powerhouse with global operations. Today, it exports to over 27 countries and counts several top retailers among its clients. Domestically, the company holds a dominant position in the denim supply chain. The penny stock climbed as much as 4.2 percent in Monday's session, touching an intraday high of ₹ 4.19. Despite the rally, it remains 43 percent below its 52-week high of ₹ 7.33, which it touched in September 2024. The stock also hit a 52-week low of ₹ 2.96 in March 2025. Over the past year, the stock has delivered a modest 5 percent return, reflecting a largely flat trajectory. However, a broader time-frame paints a more optimistic picture. Over two years, the stock has surged 92 percent, while in five years, it has given multibagger returns, skyrocketing by 755 percent—offering substantial wealth creation for long-term investors. The recent uptrend has also been noteworthy. The stock has gained more than 13 percent so far in May, following a 3.7 percent rise in April and an 11.4 percent increase in March. Prior to this rally, the counter had been under pressure, declining for five straight months from October 2024 through February 2025. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
23-05-2025
- Business
- India.com
THIS company's profit rises 13 percent in FY25 despite 'industry headwinds'
इंवेस्टमेंट से पहले रिस्क को जांच लें New Delhi: Denim fabric manufacturer Vishal Fabrics Ltd on Thursday said its profit rose by 13 percent to Rs 28. 84 crore in the financial year ended on March 31, 2025, despite global challenges and industry headwinds. The company had reported a profit of Rs 21. 13 crore in the year-ago period. Total income of the Chiripal Group company rose by 5 per cent to Rs 1,521. 43 crore in 2024-25 from Rs 1,451. 29 crore in FY24. 'Despite global challenges and industry headwinds, our focus on efficiency, quality, and customer satisfaction has enabled us to achieve consistent growth,' Dharmesh Dattani, CFO of Vishal Fabrics Limited, said. Vishal Fabrics continues to strengthen its presence in domestic and international markets through innovation in sustainable manufacturing and digital transformation, the company said in a statement. With PTI Inputs
Time of India
22-05-2025
- Business
- Time of India
Vishal Fabrics profit rises 13% in FY25 despite 'industry headwinds'
Denim fabric manufacturer Vishal Fabrics on Thursday said its profit rose by 13 per cent to Rs 28.84 crore in the financial year ended on March 31, 2025, despite global challenges and industry headwinds . The company had reported a profit of Rs 21.13 crore in the year-ago period. Total income of the Chiripal Group company rose by 5 per cent to Rs 1,521.43 crore in 2024-25 from Rs 1,451.29 crore in FY24. "Despite global challenges and industry headwinds, our focus on efficiency, quality, and customer satisfaction has enabled us to achieve consistent growth," Dharmesh Dattani , CFO of Vishal Fabrics Limited, said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mountain Gear for Extreme Conditions Trek Kit India Learn More Undo Vishal Fabrics continues to strengthen its presence in domestic and international markets through innovation in sustainable manufacturing and digital transformation , the company said in a statement.
&w=3840&q=100)
Business Standard
22-05-2025
- Business
- Business Standard
Vishal Fabrics profit rises 13% in FY25 despite industry headwinds'
Despite global challenges and industry headwinds, our focus on efficiency, quality, and customer satisfaction has enabled us to achieve consistent growth- CFO said Press Trust of India Mumbai Denim fabric manufacturer Vishal Fabrics Ltd on Thursday said its profit rose by 13 per cent to Rs 28.84 crore in the financial year ended on March 31, 2025, despite global challenges and industry headwinds. The company had reported a profit of Rs 21.13 crore in the year-ago period. Total income of the Chiripal Group company rose by 5 per cent to Rs 1,521.43 crore in 2024-25 from Rs 1,451.29 crore in FY24. Despite global challenges and industry headwinds, our focus on efficiency, quality, and customer satisfaction has enabled us to achieve consistent growth, Dharmesh Dattani, CFO of Vishal Fabrics Limited, said. Vishal Fabrics continues to strengthen its presence in domestic and international markets through innovation in sustainable manufacturing and digital transformation, the company said in a statement. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
