Nahar Spinning Mills Ltd

About [ edit ]

Nahar Spinning Mills is engaged in the business of manufacture of cotton yarn/blended yarn and hosiery knitwears.

  • Market Cap 1,568 Cr.
  • Current Price 435
  • High / Low 435 / 31.7
  • Stock P/E 9.38
  • Book Value 249
  • Dividend Yield 0.00 %
  • ROCE 6.44 %
  • ROE 4.82 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of 0.80% over past five years.
  • Company has a low return on equity of 2.05% for last 3 years.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
540 568 614 534 394 586 569 210 541 635 727 738
470 512 567 497 414 565 548 211 533 571 604 568
Operating Profit 70 57 47 36 -19 21 21 -1 8 64 123 170
OPM % 13% 10% 8% 7% -5% 4% 4% -1% 1% 10% 17% 23%
Other Income 3 7 0 4 2 0 1 1 2 2 2 1
Interest 11 11 17 16 13 15 18 18 16 15 16 18
Depreciation 22 20 19 19 21 21 21 21 20 21 20 20
Profit before tax 39 33 12 5 -51 -14 -17 -39 -26 31 88 134
Tax % 35% 35% 57% 33% 35% 32% 23% 35% 36% 34% 28% 25%
Net Profit 26 21 5 3 -33 -10 -13 -25 -17 20 63 100
EPS in Rs 7.09 5.91 1.38 0.88 -9.19 -2.68 -3.71 -7.04 -4.65 5.60 17.57 27.80

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1,051 1,394 1,695 1,960 2,203 2,149 2,029 2,132 2,133 2,305 2,083 2,112 2,640
921 1,100 1,679 1,638 1,846 1,929 1,804 1,944 2,040 2,070 2,019 1,918 2,275
Operating Profit 130 294 16 322 357 220 225 188 94 235 63 194 366
OPM % 12% 21% 1% 16% 16% 10% 11% 9% 4% 10% 3% 9% 14%
Other Income 66 6 9 8 7 12 18 22 9 13 7 7 7
Interest 45 52 114 109 71 86 63 47 55 60 67 65 65
Depreciation 70 70 84 88 88 131 101 96 94 84 82 82 82
Profit before tax 81 178 -173 134 204 15 79 68 -46 104 -78 54 226
Tax % 34% 32% 32% 42% 29% -37% 36% 32% 30% 37% 32% 23%
Net Profit 53 121 -117 78 146 20 51 46 -32 65 -53 41 167
EPS in Rs 14.82 33.65 -32.51 21.71 40.37 5.64 14.09 12.73 -8.91 18.04 -14.70 11.47 46.32
Dividend Payout % 10% 6% 0% 5% 2% 18% 11% 12% -6% 6% 0% 13%
Compounded Sales Growth
10 Years:4%
5 Years:1%
3 Years:-0%
TTM:50%
Compounded Profit Growth
10 Years:-10%
5 Years:-3%
3 Years:48%
TTM:305%
Stock Price CAGR
10 Years:20%
5 Years:28%
3 Years:66%
1 Year:1244%
Return on Equity
10 Years:3%
5 Years:2%
3 Years:2%
Last Year:5%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
18 18 18 18 18 18 18 18 18 18 18 18
Reserves 537 648 531 604 745 742 793 838 800 859 801 880
Borrowings 856 1,336 1,208 1,227 1,159 1,078 1,015 738 996 887 924 1,048
175 246 113 166 252 165 144 161 170 145 162 256
Total Liabilities 1,586 2,248 1,870 2,015 2,174 2,003 1,970 1,756 1,985 1,908 1,906 2,202
647 748 838 802 900 867 813 770 709 747 756 724
CWIP 41 56 40 38 61 20 1 3 6 13 7 28
Investments 11 17 14 12 18 9 27 28 25 22 22 61
886 1,426 979 1,163 1,195 1,106 1,129 955 1,245 1,126 1,121 1,389
Total Assets 1,586 2,248 1,870 2,015 2,174 2,003 1,970 1,756 1,985 1,908 1,906 2,202

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
118 154 153 134 209 134 163 382 -240 250 61 -85
-73 -209 -150 -45 -211 -89 -58 -61 -19 -128 -78 -53
-35 48 -2 -88 -3 -44 -121 -120 -122 -123 20 136
Net Cash Flow 9 -7 1 1 -5 1 -17 201 -382 -1 3 -3

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 10% 14% -3% 13% 15% 5% 8% 7% 0% 9% -1% 6%
Debtor Days 85 97 82 69 68 65 65 52 59 49 48 53
Inventory Turnover 1.99 1.28 2.14 2.32 2.37 2.64 2.32 2.72 2.67 2.43 2.52 2.23

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
64.83 64.83 64.83 64.83 64.83 65.39 65.64 65.64 65.64 65.70 66.31 66.31
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06
0.27 0.14 0.24 0.32 0.09 0.11 0.03 0.03 0.03 0.02 0.02 0.01
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01
34.90 35.04 34.93 34.85 35.09 34.50 34.33 34.33 34.33 34.28 33.66 33.61

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