Nahar Industrial Enterprises Ltd

Nahar Industrial Enterprises Ltd

₹ 133 -1.55%
04 Mar 4:01 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. 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 578 Cr.
  • Current Price 133
  • High / Low 170 / 86.6
  • Stock P/E 72.1
  • Book Value 219
  • Dividend Yield 0.00 %
  • ROCE 7.99 %
  • ROE 6.39 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.62 times its book value
  • Company has delivered good profit growth of 30.1% CAGR over last 5 years
  • 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 8.19% over last 3 years.
  • Earnings include an other income of Rs.33.8 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
387.81 395.81 353.98 412.11 434.81 500.45 400.39 424.15 424.24 381.11 384.96 341.18 346.29
Operating Profit 30.94 67.81 62.68 68.19 95.34 78.80 54.92 44.48 27.68 16.90 6.58 2.57 17.46
OPM % 7.39% 14.63% 15.04% 14.20% 17.98% 13.60% 12.06% 9.49% 6.12% 4.25% 1.68% 0.75% 4.80%
2.07 3.41 2.48 5.26 5.59 2.97 4.17 16.69 7.02 14.90 5.43 6.92 6.53
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 4.55 39.73 39.02 47.69 74.20 54.98 33.78 37.01 14.63 15.35 -5.63 -8.10 5.09
Tax % 0.22% -1.36% 10.81% 25.60% 35.67% 29.12% 22.00% 23.53% 33.08% 5.60% -4.26% -5.06% 1.57%
4.54 40.27 34.80 35.48 47.72 38.97 26.35 28.30 9.79 14.49 -5.88 -8.51 5.01
EPS in Rs 1.14 10.11 8.74 8.91 11.98 9.78 6.61 7.10 2.46 3.35 -1.36 -1.97 1.16
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 Mar 2023 TTM
911 1,798 1,770 1,722 1,759 1,866 1,573 1,418 2,006 1,774 1,497
740 1,598 1,551 1,514 1,610 1,744 1,482 1,324 1,700 1,628 1,454
Operating Profit 171 199 219 208 148 122 91 94 306 146 44
OPM % 19% 11% 12% 12% 8% 7% 6% 7% 15% 8% 3%
28 6 1 6 7 6 12 9 15 41 34
Interest 33 105 79 60 71 67 65 57 56 38 22
Depreciation 64 135 90 69 66 79 71 58 50 48 48
Profit before tax 103 -35 51 85 19 -18 -33 -12 216 101 7
Tax % 27% 21% 23% 19% 5% -23% 23% 29% 27% 22%
75 -28 39 69 18 -22 -25 -9 157 79 5
EPS in Rs 18.53 -6.97 9.91 17.33 4.46 -5.45 -6.37 -2.20 39.40 18.27 1.18
Dividend Payout % 5% -0% 10% 6% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 0%
3 Years: 4%
TTM: -23%
Compounded Profit Growth
10 Years: %
5 Years: 30%
3 Years: 60%
TTM: -92%
Stock Price CAGR
10 Years: 9%
5 Years: 25%
3 Years: 39%
1 Year: 42%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 8%
Last Year: 6%

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 Mar 2023 Sep 2023
Equity Capital 40 40 40 40 40 40 40 40 40 43 43
Reserves 492 540 574 657 665 662 703 703 857 916 902
Preference Capital 10 -0 -0 -0 -0 -0 -0 -0 -0 -0
992 973 942 880 970 845 707 696 704 276 262
90 196 129 176 243 243 201 139 228 124 124
Total Liabilities 1,614 1,748 1,685 1,754 1,918 1,790 1,651 1,578 1,829 1,361 1,332
494 615 542 545 559 583 562 534 530 533 567
CWIP 172 40 18 56 45 24 17 12 5 34 63
Investments 101 139 144 146 138 92 91 91 94 83 110
847 955 980 1,006 1,176 1,091 981 941 1,201 711 592
Total Assets 1,614 1,748 1,685 1,754 1,918 1,790 1,651 1,578 1,829 1,361 1,332

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 Mar 2023
-365 294 116 219 50 203 172 75 85 504
-813 -52 -7 -93 -65 -29 -34 -15 -35 -55
1,391 -241 -109 -126 14 -174 -139 -60 -49 -449
Net Cash Flow 212 1 -0 -1 -1 -0 -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 Mar 2023
Debtor Days 54 35 38 44 37 47 47 51 50 34
Inventory Days 341 233 252 253 287 220 241 219 254 148
Days Payable 23 38 19 37 62 60 60 39 54 18
Cash Conversion Cycle 371 230 271 260 262 207 228 231 250 163
Working Capital Days 223 129 157 160 176 146 164 205 176 121
ROCE % 8% 9% 5% 3% 2% 3% 18% 8%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
68.77% 68.77% 68.77% 68.77% 68.77% 68.81% 68.81% 68.81% 71.25% 71.25% 71.25% 71.25%
0.00% 0.00% 0.13% 0.27% 0.29% 0.36% 0.14% 0.12% 0.01% 0.04% 0.03% 0.15%
0.46% 0.46% 0.46% 0.46% 0.36% 0.35% 0.35% 0.35% 0.33% 0.33% 0.43% 0.46%
30.77% 30.77% 30.65% 30.50% 30.59% 30.47% 30.68% 30.71% 28.42% 28.40% 28.31% 28.15%
No. of Shareholders 46,02146,74246,60842,58944,26147,04146,84646,11945,92546,68947,69340,149

* 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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