Nahar Polyfilms Ltd

Nahar Polyfilms Ltd

₹ 178 -0.81%
28 Mar - close price
About

Nahar Poly Films Ltd is a part of the Nahar Group. The Co is engaged in the business of manufacturing and selling of BOPP films. [1]

Key Points

Company History
The company previously known as Nahar Exports Limited was incorporated in 1988. Earlier it was engaged in the manufacture and Exports of Cotton, Synthetic and blended Yarns. [1]

  • Market Cap 440 Cr.
  • Current Price 178
  • High / Low 293 / 177
  • Stock P/E
  • Book Value 201
  • Dividend Yield 0.84 %
  • ROCE 7.60 %
  • ROE 5.71 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.89 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.8% over last 3 years.
  • Dividend payout has been low at 8.78% of profits 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.

Peer comparison

Sector: Packaging Industry: Packaging

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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
80.69 90.64 105.36 104.37 103.74 175.47 224.43 190.30 159.64 148.82 156.20 137.01 153.62
61.60 71.65 84.31 82.55 77.47 125.28 181.46 174.76 148.46 136.82 152.81 120.54 153.87
Operating Profit 19.09 18.99 21.05 21.82 26.27 50.19 42.97 15.54 11.18 12.00 3.39 16.47 -0.25
OPM % 23.66% 20.95% 19.98% 20.91% 25.32% 28.60% 19.15% 8.17% 7.00% 8.06% 2.17% 12.02% -0.16%
1.30 1.08 0.47 3.23 2.52 0.18 0.50 3.53 1.12 0.70 2.05 3.68 1.98
Interest 0.04 0.18 0.24 0.08 0.22 2.40 3.01 2.04 4.23 3.10 3.14 3.05 2.97
Depreciation 0.36 0.50 0.45 0.45 0.46 5.08 8.01 8.07 8.03 8.13 8.06 8.15 8.15
Profit before tax 19.99 19.39 20.83 24.52 28.11 42.89 32.45 8.96 0.04 1.47 -5.76 8.95 -9.39
Tax % 23.81% 24.65% 27.12% 23.04% 23.59% 25.02% 25.08% 17.75% 2,225.00% 23.81% -1.56% 6.70% 4.69%
15.23 14.61 15.18 18.86 21.48 32.16 24.30 7.36 -0.84 1.13 -5.85 8.34 -8.95
EPS in Rs 6.19 5.94 6.17 7.67 8.74 13.08 9.88 2.99 -0.34 0.46 -2.38 3.39 -3.64
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
236 211 296 302 260 255 252 266 277 303 489 723 596
193 193 269 262 215 223 232 252 235 238 370 642 564
Operating Profit 43 18 27 39 45 31 20 14 42 66 119 82 32
OPM % 18% 9% 9% 13% 17% 12% 8% 5% 15% 22% 24% 11% 5%
3 2 2 3 3 3 4 2 5 5 6 6 8
Interest 18 16 14 13 8 5 3 1 0 0 3 12 12
Depreciation 15 15 14 22 22 22 14 2 2 2 6 32 32
Profit before tax 13 -10 0 8 18 8 7 13 45 69 116 43 -5
Tax % 46% 36% 0% 40% 34% -22% 29% 30% 26% 25% 25% 26%
7 -7 0 5 12 10 5 9 33 51 88 32 -5
EPS in Rs 2.85 -2.72 0.12 1.85 4.74 4.09 2.07 3.71 13.38 20.92 35.66 12.99 -2.17
Dividend Payout % 18% 0% 0% 0% 11% 13% 25% 14% 8% 7% 7% 12%
Compounded Sales Growth
10 Years: 13%
5 Years: 23%
3 Years: 38%
TTM: -21%
Compounded Profit Growth
10 Years: 21%
5 Years: 45%
3 Years: -1%
TTM: -108%
Stock Price CAGR
10 Years: 33%
5 Years: 36%
3 Years: 17%
1 Year: -20%
Return on Equity
10 Years: 10%
5 Years: 13%
3 Years: 14%
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 13 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 138 132 132 136 146 221 180 183 164 269 620 467 481
121 130 120 91 45 30 22 0 4 58 173 163 138
12 8 10 9 15 9 8 11 10 69 58 36 39
Total Liabilities 283 282 275 249 219 272 222 206 190 409 863 680 671
137 123 107 89 67 45 32 31 29 28 293 269 253
CWIP 0 0 1 0 0 0 0 0 21 172 2 0 0
Investments 95 96 96 96 99 165 123 125 65 122 434 268 290
51 63 71 63 53 62 67 50 75 87 135 142 127
Total Assets 283 282 275 249 219 272 222 206 190 409 863 680 671

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
16 34 26 28 24 23 22 17 40 94 -24 110
2 -1 1 -0 -0 1 -0 -5 -40 -136 -92 -37
-18 -33 -27 -28 -24 -23 -22 -11 -1 42 115 -41
Net Cash Flow 0 -0 -1 0 -0 0 0 1 -1 1 -0 32

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 36 46 39 38 39 47 48 29 12 14 21 13
Inventory Days 19 43 28 16 16 30 30 30 37 40 75 34
Days Payable 5 10 8 7 7 12 10 11 11 118 11 8
Cash Conversion Cycle 51 79 59 47 48 64 68 48 39 -65 86 40
Working Capital Days 37 61 49 43 31 44 64 46 81 16 78 39
ROCE % 12% 2% 5% 8% 12% 5% 4% 7% 24% 26% 21% 8%

Shareholding Pattern

Numbers in percentages

15 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
70.29% 70.29% 70.29% 70.39% 70.54% 70.65% 70.65% 70.72% 70.85% 70.85% 71.05% 71.08%
0.00% 0.00% 0.15% 0.27% 0.24% 0.29% 0.19% 0.17% 0.06% 0.06% 0.06% 0.07%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.02% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
29.68% 29.68% 29.53% 29.33% 29.21% 29.05% 29.15% 29.12% 29.07% 29.08% 28.87% 28.84%
No. of Shareholders 19,92620,94123,83722,79723,97224,79426,23326,70526,55826,21725,61724,338

* 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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