Nahar Industrial Enterprises Ltd

₹ 111 -1.24%
16 Aug 12:50 p.m.
About

Nahar Industrial Enterprises Limited is engaged in the business of production of Textiles and Sugar. [1]

Key Points

Nahar Group
The Co is a part of the Ludhiana-based Nahar Group, which is one of the largest and oldest textile groups in the country with vertically integrated operations from spinning to garmenting and retailing. Other companies in the Nahar Group include Monte Carlo Fashions Limited, Nahar Spinning Mills Limited etc. The Group has a demonstrated track record of extending regular and timely funding support across Group entities, depending on the requirements. [1]

  • Market Cap 442 Cr.
  • Current Price 111
  • High / Low 238 / 97.3
  • Stock P/E 2.98
  • Book Value 223
  • Dividend Yield 0.00 %
  • ROCE 18.5 %
  • ROE 20.6 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.49 times its book value

Cons

  • The company has delivered a poor sales growth of 3.10% over past five years.
  • Company has a low return on equity of 5.69% for last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
440 336 390 407 175 361 419 464 417 480 530 579 455
414 328 362 376 184 357 388 396 354 412 435 500 400
Operating Profit 25 7 28 30 -10 4 31 68 63 68 95 79 55
OPM % 6% 2% 7% 7% -6% 1% 7% 15% 15% 14% 18% 14% 12%
3 2 4 5 1 2 2 3 2 5 6 3 4
Interest 19 15 13 18 14 12 14 17 14 14 14 13 14
Depreciation 17 17 17 20 14 14 14 15 12 12 12 13 11
Profit before tax -8 -23 1 -2 -37 -20 5 40 39 47 74 55 34
Tax % 2% 27% -244% -24% 9% 0% 0% -1% 11% 25% 36% 29% 22%
Net Profit -8 -17 3 -3 -34 -20 5 40 35 35 48 39 26
EPS in Rs -1.98 -4.23 0.67 -0.66 -8.42 -5.11 1.15 10.09 8.74 8.84 12.01 9.78 6.59

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,241 1,404 1,707 1,844 1,798 1,770 1,722 1,759 1,866 1,573 1,418 2,006 2,045
1,026 1,339 1,411 1,519 1,598 1,551 1,513 1,610 1,744 1,482 1,324 1,701 1,748
Operating Profit 215 66 296 325 199 219 210 148 122 91 94 305 297
OPM % 17% 5% 17% 18% 11% 12% 12% 8% 7% 6% 7% 15% 15%
5 7 8 6 6 5 6 6 6 12 8 16 18
Interest 98 97 131 106 105 79 60 71 67 65 57 56 56
Depreciation 75 81 110 120 135 90 69 66 79 71 58 50 49
Profit before tax 47 -106 62 105 -35 55 86 18 -18 -33 -13 216 210
Tax % 33% 23% 33% 34% 21% 23% 19% 3% -23% 23% 29% 27%
Net Profit 32 -81 42 69 -28 42 70 17 -22 -25 -9 157 148
EPS in Rs 7.92 -20.27 10.50 17.38 -7.03 10.63 17.61 4.32 -5.42 -6.37 -2.29 39.36 37.22
Dividend Payout % 13% 0% 10% 6% 0% 9% 6% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 3%
3 Years: 2%
TTM: 23%
Compounded Profit Growth
10 Years: 15%
5 Years: 18%
3 Years: 115%
TTM: 150%
Stock Price CAGR
10 Years: 13%
5 Years: 4%
3 Years: 65%
1 Year: -4%
Return on Equity
10 Years: 5%
5 Years: 3%
3 Years: 6%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
40 40 40 40 40 40 40 40 40 40 40 40
Reserves 583 499 536 601 539 565 649 656 630 606 598 848
1,145 1,095 1,199 1,105 973 942 880 970 845 707 696 704
159 146 155 149 196 126 174 241 265 287 233 225
Total Liabilities 1,928 1,780 1,930 1,895 1,748 1,674 1,744 1,907 1,780 1,641 1,567 1,818
644 655 766 735 615 542 545 559 583 562 534 530
CWIP 38 134 12 34 40 18 56 45 24 17 12 5
Investments 141 141 139 139 138 133 137 127 82 80 80 83
1,105 849 1,012 986 955 980 1,006 1,176 1,091 981 941 1,201
Total Assets 1,928 1,780 1,930 1,895 1,748 1,674 1,744 1,907 1,780 1,641 1,567 1,818

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-147 337 118 310 294 116 219 50 203 172 75 85
-97 -184 -92 -105 -52 -7 -93 -65 -29 -34 -15 -33
244 -152 -27 -204 -241 -109 -126 14 -174 -139 -60 -51
Net Cash Flow 0 1 -1 0 1 -0 -1 -1 -0 -0 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 51 40 36 42 35 38 44 37 47 47 51 50
Inventory Days 420 210 280 244 233 252 253 287 220 241 219 254
Days Payable 48 31 30 22 38 19 37 62 60 60 39 54
Cash Conversion Cycle 424 220 286 264 230 271 260 262 207 228 231 250
Working Capital Days 258 158 159 138 129 156 160 176 146 164 192 177
ROCE % 9% -0% 11% 12% 4% 9% 9% 5% 3% 2% 3% 19%

Shareholding Pattern

Numbers in percentages

7 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
68.75 68.76 68.82 68.82 68.82 68.82 68.77 68.77 68.77 68.77 68.77 68.81
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.13 0.27 0.29 0.36
0.46 0.48 0.46 0.46 0.46 0.46 0.46 0.46 0.46 0.46 0.36 0.35
30.79 30.76 30.72 30.72 30.72 30.72 30.77 30.77 30.65 30.50 30.59 30.47

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