Nahar Industrial Enterprises Ltd

Nahar Indl. Ent. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nahar Industrial Enterprises Ltd

₹ 134 0.68%
23 Apr - close price
owmnahar.com BSE: 519136 NSE : NAHARINDUS
About

Incorporated in 1983, Nahar Industrial Enterprises Ltd is in the business of
Textiles and Sugar[1]

Key Points

Business Overview:[1][2]
NIEL is a part of the Nahar group. It is a vertically-integrated textile manufacturer, with operations ranging from spinning, weaving & processing and also have a sugar unit. The company consumes over 4 Lac bales of cotton every year and is one of the largest buyers of cotton in India

Website BSE NSE
  • Market Cap ₹ 577 Cr.
  • Current Price ₹ 134
  • High / Low ₹ 170 / 103
  • Stock P/E 84.0
  • Book Value ₹ 216
  • Dividend Yield 0.00 %
  • ROCE 8.07 %
  • ROE 6.48 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.62 times its book value
  • Debtor days have improved from 45.0 to 33.7 days.
  • Company's working capital requirements have reduced from 167 days to 121 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.17% over past five years.
  • Company has a low return on equity of 8.27% over last 3 years.
  • Earnings include an other income of Rs.32.1 Cr.

* 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.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
418.75 463.62 416.66 480.30 530.15 579.25 455.31 468.63 451.92 398.01 391.54 343.75 363.75
387.79 395.82 353.97 412.10 434.66 500.45 400.34 424.15 423.81 381.12 384.96 341.19 346.29
Operating Profit 30.96 67.80 62.69 68.20 95.49 78.80 54.97 44.48 28.11 16.89 6.58 2.56 17.46
OPM % 7.39% 14.62% 15.05% 14.20% 18.01% 13.60% 12.07% 9.49% 6.22% 4.24% 1.68% 0.74% 4.80%
2.07 3.39 2.47 4.83 5.59 2.92 4.17 16.68 7.02 14.22 5.29 6.50 6.11
Interest 14.23 16.94 14.20 13.75 14.28 13.36 14.12 12.78 8.07 2.69 6.74 6.27 6.66
Depreciation 14.23 14.55 11.94 12.01 12.45 13.43 11.19 11.38 12.00 13.76 10.90 11.32 12.24
Profit before tax 4.57 39.70 39.02 47.27 74.35 54.93 33.83 37.00 15.06 14.66 -5.77 -8.53 4.67
Tax % 0.00% -1.23% 10.79% 25.47% 35.64% 29.11% 22.38% 23.32% 32.80% 4.71% -3.64% -2.70% -0.43%
4.57 40.19 34.81 35.23 47.84 38.94 26.26 28.37 10.13 13.97 -5.98 -8.76 4.69
EPS in Rs 1.15 10.09 8.74 8.84 12.01 9.78 6.59 7.12 2.54 3.23 -1.38 -2.03 1.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,404 1,707 1,844 1,798 1,770 1,722 1,759 1,866 1,573 1,418 2,006 1,774 1,497
1,339 1,411 1,519 1,598 1,551 1,513 1,610 1,744 1,482 1,324 1,700 1,628 1,454
Operating Profit 66 296 325 199 219 210 148 122 91 94 306 146 43
OPM % 5% 17% 18% 11% 12% 12% 8% 7% 6% 7% 15% 8% 3%
7 8 6 6 5 6 6 6 12 8 15 41 32
Interest 97 131 106 105 79 60 71 67 65 57 56 38 22
Depreciation 81 110 120 135 90 69 66 79 71 58 50 48 48
Profit before tax -106 62 105 -35 55 86 18 -18 -33 -13 216 101 5
Tax % 23% 33% 34% 21% 23% 19% 3% -23% 23% 29% 27% 22%
-81 42 69 -28 42 70 17 -22 -25 -9 157 79 4
EPS in Rs -20.27 10.50 17.38 -7.03 10.63 17.61 4.32 -5.42 -6.37 -2.29 39.36 18.35 0.91
Dividend Payout % 0% 10% 6% 0% 9% 6% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: 0%
3 Years: 4%
TTM: -23%
Compounded Profit Growth
10 Years: 4%
5 Years: 31%
3 Years: 60%
TTM: -93%
Stock Price CAGR
10 Years: 8%
5 Years: 27%
3 Years: 49%
1 Year: 20%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 8%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 40 40 40 40 40 40 40 40 40 40 40 43 43
Reserves 499 536 601 539 565 649 656 654 695 694 848 907 892
1,095 1,199 1,105 973 942 880 970 845 707 696 704 276 262
146 155 149 196 126 174 241 240 199 136 225 122 122
Total Liabilities 1,780 1,930 1,895 1,748 1,674 1,744 1,907 1,780 1,641 1,567 1,818 1,349 1,319
655 766 735 615 542 545 559 583 562 534 530 533 567
CWIP 134 12 34 40 18 56 45 24 17 12 5 34 63
Investments 141 139 139 138 133 137 127 82 80 80 83 71 97
849 1,012 986 955 980 1,006 1,176 1,091 981 941 1,201 711 592
Total Assets 1,780 1,930 1,895 1,748 1,674 1,744 1,907 1,780 1,641 1,567 1,818 1,349 1,319

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
337 118 310 294 116 219 50 203 172 75 85 504
-184 -92 -105 -52 -7 -93 -65 -29 -34 -15 -35 -55
-152 -27 -204 -241 -109 -126 14 -174 -139 -60 -49 -449
Net Cash Flow 1 -1 0 1 -0 -1 -1 -0 -0 -0 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 40 36 42 35 38 44 37 47 47 51 50 34
Inventory Days 210 280 244 233 252 253 287 220 241 219 254 148
Days Payable 31 30 22 38 19 37 62 60 60 39 54 18
Cash Conversion Cycle 220 286 264 230 271 260 262 207 228 231 250 163
Working Capital Days 158 159 138 129 156 160 176 146 164 205 176 121
ROCE % -0% 11% 12% 4% 9% 9% 5% 3% 2% 3% 18% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.77% 68.77% 68.77% 68.77% 68.81% 68.81% 68.81% 71.25% 71.25% 71.25% 71.25% 71.25%
0.00% 0.13% 0.27% 0.29% 0.36% 0.14% 0.12% 0.01% 0.04% 0.03% 0.15% 0.15%
0.46% 0.46% 0.46% 0.36% 0.35% 0.35% 0.35% 0.33% 0.33% 0.43% 0.46% 0.45%
30.77% 30.65% 30.50% 30.59% 30.47% 30.68% 30.71% 28.42% 28.40% 28.31% 28.15% 28.15%
No. of Shareholders 46,74246,60842,58944,26147,04146,84646,11945,92546,68947,69340,14939,591

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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