Nahar Industrial Enterprises Ltd

₹ 100 -2.43%
27 Jan - close price
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. The group has a strong presence in the domestic textile value chain, with overall revenue of over Rs 8,400 crore in FY22. The Co. has received financial support from the group by way of loans and preference shares. It received preference shares of Rs. 116 crore (includes Rs. 40 crore from Nahar Capital) in the past three fiscals. Other companies in the Nahar Group include Monte Carlo Fashions Limited, Nahar Spinning Mills Limited, etc. [1]

  • Market Cap 400 Cr.
  • Current Price 100
  • High / Low 238 / 98.6
  • Stock P/E 2.83
  • Book Value 239
  • Dividend Yield 0.00 %
  • ROCE 18.9 %
  • ROE 21.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.42 times its book value
  • Company has delivered good profit growth of 18.0% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 3.10% over past five years.
  • Company has a low return on equity of 5.68% over 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
336 390 407 175 361 419 464 417 480 530 579 455 469
328 363 376 184 357 388 396 354 412 435 500 400 424
Operating Profit 7 28 30 -10 4 31 68 63 68 95 79 55 44
OPM % 2% 7% 7% -6% 1% 7% 15% 15% 14% 18% 14% 12% 9%
2 4 5 2 2 2 3 2 5 6 3 4 17
Interest 15 13 18 14 12 14 17 14 14 14 13 14 13
Depreciation 17 17 20 14 14 14 15 12 12 12 13 11 11
Profit before tax -23 1 -2 -36 -20 5 40 39 48 74 55 34 37
Tax % 27% -265% -26% 9% -0% 0% -1% 11% 26% 36% 29% 22% 24%
Net Profit -17 3 -2 -33 -20 5 40 35 35 48 39 26 28
EPS in Rs -4.25 0.66 -0.63 -8.37 -5.09 1.14 10.11 8.74 8.91 11.98 9.78 6.61 7.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
911 1,798 1,770 1,722 1,759 1,866 1,573 1,418 2,006 2,033
740 1,598 1,551 1,514 1,610 1,744 1,482 1,324 1,700 1,760
Operating Profit 171 199 219 208 148 122 91 94 306 274
OPM % 19% 11% 12% 12% 8% 7% 6% 7% 15% 13%
28 6 1 6 7 6 12 9 15 29
Interest 33 105 79 60 71 67 65 57 56 55
Depreciation 64 135 90 69 66 79 71 58 50 48
Profit before tax 103 -35 51 85 19 -18 -33 -12 216 200
Tax % 27% 21% 23% 19% 5% -23% 23% 29% 27%
Net Profit 75 -28 39 69 18 -22 -25 -9 157 141
EPS in Rs 18.53 -6.97 9.91 17.33 4.46 -5.45 -6.37 -2.20 39.40 35.47
Dividend Payout % 5% 0% 10% 6% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 2%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 114%
TTM: 23%
Stock Price CAGR
10 Years: 10%
5 Years: 0%
3 Years: 53%
1 Year: -30%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 6%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
50 40 40 40 40 40 40 40 40 40
Reserves 492 540 574 657 665 638 615 606 760 912
992 973 942 880 970 845 707 696 704 383
90 196 129 176 243 267 289 235 324 122
Total Liabilities 1,614 1,748 1,685 1,754 1,918 1,790 1,651 1,578 1,829 1,457
494 615 542 545 559 583 562 534 530 505
CWIP 172 40 18 56 45 24 17 12 5 30
Investments 101 139 144 146 138 92 91 91 94 93
847 955 980 1,006 1,176 1,091 981 941 1,201 829
Total Assets 1,614 1,748 1,685 1,754 1,918 1,790 1,651 1,578 1,829 1,457

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-365 294 116 219 50 203 172 75 85
-813 -52 -7 -93 -65 -29 -34 -15 -33
1,391 -241 -109 -126 14 -174 -139 -60 -51
Net Cash Flow 212 1 -0 -1 -1 -0 -0 -0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 54 35 38 44 37 47 47 51 50
Inventory Days 341 233 252 253 287 220 241 219 254
Days Payable 23 38 19 37 62 60 60 39 54
Cash Conversion Cycle 371 230 271 260 262 207 228 231 250
Working Capital Days 223 129 157 160 176 146 164 205 176
ROCE % 8% 9% 5% 3% 2% 3% 19%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
68.82 68.82 68.82 68.82 68.77 68.77 68.77 68.77 68.77 68.81 68.81 68.81
0.00 0.00 0.00 0.00 0.00 0.00 0.13 0.27 0.29 0.36 0.14 0.12
0.46 0.46 0.46 0.46 0.46 0.46 0.46 0.46 0.36 0.35 0.35 0.35
30.72 30.72 30.72 30.72 30.77 30.77 30.65 30.50 30.59 30.47 30.68 30.71

* 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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