Nahar Spinning Mills Ltd

₹ 220 -7.68%
06 Feb - close price
About

Incorporated in 1980, Nahar Spinning Mills Limited is engaged in the business of manufacturing cotton yarn/blended yarn and hosiery knitwears. [1]

Key Points

Products
Yarns (90%): Raw white & dyed yarns available in Single, Double, Multi-fold, Slub & Compact cones.
Knitted Garments (10%): Single knit and double knit fabrics [1] [2] [3]

  • Market Cap 794 Cr.
  • Current Price 220
  • High / Low 692 / 216
  • Stock P/E 3.77
  • Book Value 445
  • Dividend Yield 1.59 %
  • ROCE 32.5 %
  • ROE 40.0 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.49 times its book value
  • Company has delivered good profit growth of 62.2% CAGR over last 5 years

Cons

* 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 - Products

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
586 569 210 541 635 727 738 843 1,017 996 862 657 554
565 548 211 533 571 604 568 630 775 817 750 595 551
Operating Profit 21 21 -1 8 64 123 170 213 242 179 112 61 4
OPM % 4% 4% -1% 1% 10% 17% 23% 25% 24% 18% 13% 9% 1%
0 1 1 2 2 2 1 4 6 2 11 16 6
Interest 15 18 18 16 15 16 18 14 17 19 9 7 6
Depreciation 21 21 21 20 21 20 20 20 18 17 17 17 18
Profit before tax -14 -17 -39 -26 31 88 134 182 213 146 97 53 -14
Tax % 32% 23% 35% 36% 34% 28% 25% 25% 26% 26% 26% 25% 23%
Net Profit -10 -13 -25 -17 20 63 100 137 158 107 72 40 -11
EPS in Rs -2.68 -3.71 -7.04 -4.65 5.60 17.57 27.80 37.83 43.78 29.70 20.01 11.01 -3.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
1,394 1,695 1,960 2,203 2,149 2,029 2,132 2,133 2,305 2,083 2,112 3,594 3,070
1,100 1,679 1,638 1,846 1,929 1,804 1,944 2,040 2,070 2,019 1,914 2,783 2,713
Operating Profit 294 16 322 357 220 225 188 94 236 64 198 811 357
OPM % 21% 1% 16% 16% 10% 11% 9% 4% 10% 3% 9% 23% 12%
6 9 8 7 12 18 22 9 12 6 7 14 35
Interest 52 114 109 71 86 63 47 55 60 67 69 75 41
Depreciation 70 84 88 88 131 101 96 94 84 82 82 75 70
Profit before tax 178 -173 134 204 15 79 68 -46 104 -78 54 675 281
Tax % 32% 32% 42% 29% -37% 36% 32% 30% 37% 32% 23% 26%
Net Profit 121 -117 78 146 20 51 46 -32 65 -53 41 502 208
EPS in Rs 33.65 -32.51 21.71 40.37 5.64 14.09 12.73 -8.91 18.04 -14.70 11.47 139.11 57.67
Dividend Payout % 6% 0% 5% 2% 18% 11% 12% -6% 6% 0% 13% 3%
Compounded Sales Growth
10 Years: 8%
5 Years: 11%
3 Years: 16%
TTM: -8%
Compounded Profit Growth
10 Years: 20%
5 Years: 62%
3 Years: 98%
TTM: -54%
Stock Price CAGR
10 Years: 11%
5 Years: 14%
3 Years: 70%
1 Year: -67%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 16%
Last Year: 40%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 648 531 604 745 742 793 838 800 859 801 880 1,583 1,589
1,336 1,208 1,227 1,159 1,078 1,015 738 996 887 924 1,074 1,013 436
246 113 166 252 165 144 161 170 145 162 230 338 168
Total Liabilities 2,248 1,870 2,015 2,174 2,003 1,970 1,756 1,985 1,908 1,906 2,202 2,951 2,211
748 838 802 900 867 813 770 709 747 756 724 752 722
CWIP 56 40 38 61 20 1 3 6 13 7 28 21 65
Investments 17 14 12 18 9 27 28 25 22 22 61 306 312
1,426 979 1,163 1,195 1,106 1,129 955 1,245 1,126 1,121 1,389 1,872 1,113
Total Assets 2,248 1,870 2,015 2,174 2,003 1,970 1,756 1,985 1,908 1,906 2,202 2,951 2,211

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
154 153 134 209 134 163 382 -240 250 61 -85 261
-209 -150 -45 -211 -89 -58 -61 -19 -128 -78 -53 -161
48 -2 -88 -3 -44 -121 -120 -122 -123 20 136 -99
Net Cash Flow -7 1 1 -5 1 -17 201 -382 -1 3 -3 2

Ratios

Figures in Rs. Crores

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 97 82 69 68 65 65 52 59 49 48 53 53
Inventory Days 432 145 224 180 163 205 140 195 164 175 207 198
Days Payable 30 12 11 16 9 11 14 18 7 7 9 4
Cash Conversion Cycle 500 215 282 232 219 258 178 236 205 215 251 247
Working Capital Days 293 162 168 143 141 158 108 161 141 156 198 151
ROCE % 14% -3% 13% 15% 5% 8% 7% 0% 9% -1% 7% 33%

Shareholding Pattern

Numbers in percentages

1 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
65.64 65.64 65.64 65.70 66.31 66.31 66.31 66.31 66.31 66.31 66.31 66.31
0.00 0.00 0.00 0.00 0.00 0.06 0.30 0.49 0.56 0.73 0.44 0.38
0.03 0.03 0.03 0.02 0.02 0.01 0.56 0.56 0.56 0.56 0.56 0.56
0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00
34.33 34.33 34.33 34.28 33.66 33.61 32.82 32.64 32.57 32.40 32.69 32.75

* 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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