Nahar Spinning Mills Ltd.

NSE: NAHARSPING BSE: 500296 SECTOR: Textile - Spinning  26k   77   7

268.55
+6.00 (2.29%)
NSE: Today, 03:57 PM

Price Summary

Today's High

₹ 270

Today's Low

₹ 263.95

52 Week High

₹ 429

52 Week Low

₹ 214

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

968.53 Cr.

Enterprise Value

1977.65 Cr.

No. of Shares

3.61 Cr.

P/E

8.74

P/B

0.62

Face Value

₹ 5

Div. Yield

0.56 %

Book Value (TTM)

₹  430.85

CASH

3.75 Cr.

DEBT

1012.87 Cr.

Promoter Holding

66.45 %

EPS (TTM)

₹  30.72

Sales Growth

70.17%

ROE

40.2 %

ROCE

32.69%

Profit Growth

1112.58 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Nahar Spinning Mills Ltd.

MONTE CARLO Oswal Cotton County FRENCH REPUBLIC

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year70.17%
3 Year15.95%
5 Year11.01%

Profit Growth

1 Year1112.58%
3 Year97.57%
5 Year61.31%

ROE%

1 Year40.2%
3 Year12.92%
5 Year8.52%

ROCE %

1 Year32.69%
3 Year12.89%
5 Year9.67%

Debt/Equity

0.6328

Price to Cash Flow

3.71

Interest Cover Ratio

10.0359493141989

CFO/PAT (5 Yr. Avg.)

0.473104617901498

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 66.45 0
Dec 2022 66.31 0
Sep 2022 66.31 0
Jun 2022 66.31 0
Mar 2022 66.31 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 97.5675755251014% for the Past 3 years.
  • The company has shown a good revenue growth of 15.9534512130795% for the Past 3 years.
  • Company has a healthy Interest coverage ratio of 10.0359493141989.
  • Company’s PEG ratio is 0.00785729971602767.
  • The company has a high promoter holding of 66.45%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 294.61522514097.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 996.34 861.89 656.87 554.41 723.74
Total Expenditure 817.54 749.53 595.42 550.66 690.63
Operating Profit 178.8 112.35 61.45 3.75 33.11
Other Income 3.04 10.74 17.11 7.18 9.28
Interest 19.36 8.67 6.99 6.23 8
Depreciation 16.78 17.43 17.46 17.97 19.71
Exceptional Items 0 0 -1.1 -1.1 0
Profit Before Tax 145.69 97 53.01 -14.37 14.69
Tax 38.45 24.75 13.25 -3.35 4.9
Profit After Tax 107.24 72.25 39.76 -11.02 9.79
Adjusted EPS (Rs) 29.73 20.03 11.03 -3.05 2.72

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 2133.19 2305.2 2082.7 2111.87 3593.86
Total Expenditure 2039.54 2069.51 2018.57 1913.84 2782.98
Operating Profit 93.65 235.69 64.14 198.03 810.88
Other Income 9 12.65 7.28 6.96 14.51
Interest 54.88 59.96 67 69.44 74.67
Depreciation 94.07 83.61 81.64 82.02 75.45
Exceptional Items 0 -0.67 -0.83 0 -0.54
Profit Before Tax -46.31 104.1 -78.06 53.53 674.73
Tax -14.12 38.98 -25 12.12 172.54
Net Profit -32.18 65.12 -53.06 41.41 502.19
Adjusted EPS (Rs.) -8.92 18.06 -14.71 11.48 139.24

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 18.05 18.05 18.05 18.05 18.05
Total Reserves 800.5 858.91 801.08 879.86 1582.51
Borrowings 72.94 60.33 168.58 191.12 157.68
Other N/C liabilities 24.71 30.45 6.24 22.96 56.19
Current liabilities 1123.52 997.52 944.04 1122.59 1306.51
Total Liabilities 2039.72 1965.27 1938 2234.57 3120.93
Assets
Net Block 699.89 738.92 747.98 716.4 744.87
Capital WIP 5.91 13.1 6.82 27.66 21.03
Intangible WIP 0 0 0 0 0
Investments 33.91 30.1 30.18 68.92 313.39
Loans & Advances 49 53.09 44.71 33.54 103.45
Other N/C Assets 0.01 0 0.09 0.07 0.1
Current Assets 1251 1130.06 1108.21 1387.99 1938.09
Total Assets 2039.72 1965.27 1938 2234.57 3120.93
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations -46.31 104.1 -78.06 53.53 674.73
Adjustment 140.01 131.24 140.1 143.74 136.49
Changes in Assets & Liabilities -300.22 90.41 48.82 -221.24 -341.81
Tax Paid -0.38 -31.16 -0.44 -10.22 -166.61
Operating Cash Flow -239.89 250.4 61.17 -85.31 261.29
Investing Cash Flow -19.23 -128.39 -78.06 -53.19 -160.75
Financing Cash Flow -122.49 -122.75 19.5 135.74 -98.54
Net Cash Flow -381.61 -0.74 2.62 -2.76 1.99

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 66.31 66.31 66.31 66.31 66.45
nahar capital and ... 28.44 - - - -
nahar capital and ... - 28.44 28.44 28.44 28.44
nahar poly films l... - 19.14 19.14 19.14 19.14
nahar poly films l... 19.14 - - - -
nahar industrial e... - 6.54 6.54 6.54 -
nahar industrial e... 6.54 - - - -
vanaik investors l... - 0.69 0.69 0.69 6.13
nagdevi trading & ... - - 3.38 3.38 -
nagdevi trading & ... - 3.38 - - 3.38
nagdevi trading & ... 3.38 - - - -
kovalam investment... - 1.06 - - 2.16
kovalam investment... - - 1.06 1.06 -
kovalam investment... 1.06 - - - -
shankeshwar holdin... 1.03 - - - -
shankheshwar holdi... - 1.03 1.03 1.03 1.03
shankheshwar holdi... - - - - -
j l growth fund ltd - 0.94 0.94 0.94 0.94
j l growth fund lt... 0.94 - - - -
vanaik investors l... 0.69 - - - -
nahar growth fund ... - 0.61 - - 0.61
nahar growth fund ... 0.61 - 0.61 0.61 -
abhilash growth fu... 0.53 0.53 0.53 0.53 0.53
oswal woolen mills... 0.50 0.50 - - 0.50
oswal woolen mills... - - 0.50 0.50 -
oswal woolen mills... - - - - -
dinesh oswal 0.07 0.07 0.07 0.07 0.07
atam vallabh finan... - 0.34 0.34 0.34 0.34
atam vallabh finan... 0.34 - - - -
atam vallabh finan... - - - - -
vardhman investmen... - 0.33 0.33 0.33 0.33
vardhman investmen... 0.33 - - - -
ruchika growth fun... - 0.31 0.31 0.31 0.31
ruchika growth fun... 0.31 - - - -
monica growth fund... - 0.31 0.31 0.31 0.31
monica growth fund... 0.31 - - - -
jawahar lal oswal - - - - -
vanaik spinning mi... - 0.23 - - 0.23
vanaik spinning mi... - - 0.23 0.23 -
vanaik spinning mi... 0.23 - - - -
neha credit and in... - 0.14 0.14 0.14 0.14
neha credit and in... 0.14 - - - -
kamal oswal 0.07 0.07 0.07 0.07 0.07
bermuda insurance ... 0.06 0.06 0.06 0.06 0.06
bermuda insurance ... - - - - -
abhilash oswal 0.04 0.04 0.04 0.04 0.04
monica oswal 0.03 0.03 0.03 0.03 0.03
ruchika oswal 0.03 0.03 0.03 0.03 0.03
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 33.69 33.69 33.69 33.69 33.55
iepf 1.02 1.02 1.02 1.08 1.15
investor education... - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Nahar Spinning Mills - Quaterly Results30 May 2023, 3:59PM Nahar Spinning Mills - Quaterly Results30 May 2023, 3:59PM Nahar Spinning Mills submits board meeting intimation17 May 2023, 4:45PM Nahar Spinning Mills informs about PCS certificate 26 Apr 2023, 1:04PM Nahar Spinning Mills informs about loss of share certificates23 Feb 2023, 12:30PM Nahar Spinning Mills informs about details of loss of certificate22 Feb 2023, 1:07PM Nahar Spinning Mills - Quaterly Results4 Feb 2023, 3:51PM Nahar Spinning Mills - Quaterly Results4 Feb 2023, 3:51PM Nahar Spinning Mills - Quaterly Results4 Feb 2023, 3:51PM Nahar Spinning Mills informs about loss of share certificates1 Feb 2023, 10:03AM Nahar Spinning Mills informs about details of loss of certificate 27 Jan 2023, 4:40PM Nahar Spinning Mills informs about details of loss of certificate 27 Jan 2023, 4:37PM Nahar Spinning Mills informs about loss of share certificate27 Jan 2023, 9:55AM Nahar Spinning Mills informs about loss of share certificate24 Jan 2023, 12:52PM Nahar Spinning Mills informs about closure of trading window31 Dec 2022, 10:32AM Nahar Spinning Mills informs about demat report 7 Dec 2022, 12:20PM Nahar Spinning Mills informs about related party disclosure23 Nov 2022, 10:09AM Nahar Spinning Mills informs about disclosure11 Nov 2022, 2:14PM Nahar Spinning Mills - Quaterly Results10 Nov 2022, 3:55PM Nahar Spinning Mills - Quaterly Results10 Nov 2022, 3:55PM Nahar Spinning Mills informs about loss of share certificate1 Nov 2022, 11:00AM Nahar Spinning Mills informs about trading window closure30 Sep 2022, 4:38PM Nahar Spinning Mills informs about cessation of director26 Sep 2022, 5:11PM Nahar Spinning Mills informs about loss of share certificate 28 Jul 2022, 10:55AM Nahar Spinning Mills informs about details of loss of certificate 26 Jul 2022, 4:39PM Nahar Spinning Mills - Quaterly Results23 Jul 2022, 3:57PM Nahar Spinning Mills - Quaterly Results23 Jul 2022, 3:57PM Nahar Spinning Mills - Quaterly Results23 Jul 2022, 3:57PM Nahar Spinning Mills informs about certificate11 Jul 2022, 12:22PM Nahar Spinning Mills informs about loss of share certificate1 Jul 2022, 4:52PM Nahar Spinning Mills informs about demat report for May, 20229 Jun 2022, 2:14PM Nahar Spinning Mills informs about loss of share certificate7 Jun 2022, 12:23PM Nahar Spinning Mills informs about details of loss of certificate 1 Jun 2022, 3:42PM Nahar Spinning Mills - Quaterly Results25 May 2022, 4:06PM Nahar Spinning Mills - Quaterly Results25 May 2022, 4:06PM Nahar Spinning Mills informs about loss of share certificate23 Apr 2022, 12:00PM Nahar Spinning Mills informs about loss of share certificate21 Apr 2022, 11:36AM Nahar Spinning Mills informs about disclosure18 Apr 2022, 4:35PM Nahar Spinning Mills informs about certificate12 Apr 2022, 12:18PM Nahar Spinning Mills informs about loss of share certificate25 Mar 2022, 5:06PM Nahar Spinning Mills informs about loss of share certificate19 Mar 2022, 11:51AM Nahar Spinning Mills - Quaterly Results3 Feb 2022, 3:56PM Nahar Spinning Mills - Quaterly Results3 Feb 2022, 3:56PM Nahar Spinning Mills - Quaterly Results3 Feb 2022, 3:56PM Nahar Spinning Mills informs about loss of share certificate25 Jan 2022, 3:40PM Nahar Spinning Mills informs about loss of share certificate24 Jan 2022, 11:16AM Nahar Spinning Mills informs about loss of share certificate1 Jan 2022, 11:33AM Nahar Spinning Mills informs about closure of trading window31 Dec 2021, 10:42AM Nahar Spinning Mills informs about details of loss of share certificate 28 Dec 2021, 1:11PM Nahar Spinning Mills informs about loss of share certificate18 Dec 2021, 2:58PM

Nahar Spinning Mills Stock Price Analysis and Quick Research Report. Is Nahar Spinning Mills an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Nahar Spinning Mills has a PE ratio of 8.75648191249378 which is low and comparatively undervalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Nahar Spinning Mills has ROA of 18.7540752460907 % which is a good sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Nahar Spinning Mills has a Current ratio of 1.48341568278248 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Nahar Spinning Mills has a ROE of 40.2002263659586 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Nahar Spinning Mills has a D/E ratio of 0.6328 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Nahar Spinning Mills has an Inventory turnover ratio of 4.01771934876866 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Nahar Spinning Mills has reported revenue growth of 70.1744830108896 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Nahar Spinning Mills for the current financial year is 22.5629153682019 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Nahar Spinning Mills is Rs 3.5 and the yield is 0.56 %.

Brief about Nahar Spinning Mills

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