Nahar Spinning Mills Ltd

Nahar Spinning Mills Ltd

₹ 325 0.71%
27 Feb 3:45 p.m.
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 1,174 Cr.
  • Current Price 325
  • High / Low 362 / 214
  • Stock P/E
  • Book Value 422
  • Dividend Yield 0.44 %
  • ROCE 7.48 %
  • ROE 7.01 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.77 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.57% over past five years.
  • Company might be capitalizing the interest cost

* 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 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
635 727 738 843 1,017 996 862 657 554 724 749 728 758
571 604 568 630 775 817 750 595 551 690 738 715 739
Operating Profit 64 123 170 213 242 179 112 61 4 34 11 13 18
OPM % 10% 17% 23% 25% 24% 18% 13% 9% 1% 5% 1% 2% 2%
2 2 1 4 6 2 11 16 6 8 2 3 1
Interest 15 16 18 14 17 19 9 7 6 8 15 13 16
Depreciation 21 20 20 20 18 17 17 17 18 20 20 21 23
Profit before tax 31 88 134 182 213 146 97 53 -14 15 -23 -18 -20
Tax % 34% 28% 25% 25% 26% 26% 26% 25% 23% 33% 24% 1% 24%
20 63 100 137 158 107 72 40 -11 10 -18 -18 -15
EPS in Rs 5.60 17.57 27.80 37.83 43.78 29.70 20.01 11.01 -3.05 2.71 -4.85 -4.99 -4.21
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
1,695 1,960 2,203 2,149 2,029 2,132 2,133 2,305 2,083 2,112 3,594 2,797 2,958
1,679 1,638 1,846 1,929 1,804 1,944 2,040 2,070 2,019 1,914 2,783 2,581 2,882
Operating Profit 16 322 357 220 225 188 94 236 64 198 811 216 76
OPM % 1% 16% 16% 10% 11% 9% 4% 10% 3% 9% 23% 8% 3%
9 8 7 12 18 22 9 12 6 7 14 40 14
Interest 114 109 71 86 63 47 55 60 67 69 75 33 53
Depreciation 84 88 88 131 101 96 94 84 82 82 75 73 84
Profit before tax -173 134 204 15 79 68 -46 104 -78 54 675 150 -47
Tax % 32% 42% 29% -37% 36% 32% 30% 37% 32% 23% 26% 26%
-117 78 146 20 51 46 -32 65 -53 41 502 111 -41
EPS in Rs -32.51 21.71 40.37 5.64 14.09 12.73 -8.91 18.04 -14.70 11.47 139.11 30.69 -11.34
Dividend Payout % 0% 5% 2% 18% 11% 12% -6% 6% 0% 13% 3% 5%
Compounded Sales Growth
10 Years: 4%
5 Years: 6%
3 Years: 10%
TTM: -4%
Compounded Profit Growth
10 Years: 4%
5 Years: 40%
3 Years: 60%
TTM: -117%
Stock Price CAGR
10 Years: 13%
5 Years: 31%
3 Years: 58%
1 Year: 50%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 18%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

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 18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 531 604 745 742 793 838 800 859 801 880 1,583 1,536 1,507
1,208 1,227 1,159 1,078 1,015 738 996 887 924 1,074 1,013 730 707
113 166 252 165 144 161 170 145 162 230 338 230 177
Total Liabilities 1,870 2,015 2,174 2,003 1,970 1,756 1,985 1,908 1,906 2,202 2,951 2,514 2,409
838 802 900 867 813 770 709 747 756 724 752 838 843
CWIP 40 38 61 20 1 3 6 13 7 28 21 101 60
Investments 14 12 18 9 27 28 25 22 22 61 306 163 165
979 1,163 1,195 1,106 1,129 955 1,245 1,126 1,121 1,389 1,872 1,412 1,340
Total Assets 1,870 2,015 2,174 2,003 1,970 1,756 1,985 1,908 1,906 2,202 2,951 2,514 2,409

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
153 134 209 134 163 382 -240 250 61 -85 261 609
-150 -45 -211 -89 -58 -61 -19 -128 -78 -53 -161 -257
-2 -88 -3 -44 -121 -120 -122 -123 20 136 -99 -303
Net Cash Flow 1 1 -5 1 -17 201 -382 -1 3 -3 2 49

Ratios

Figures in Rs. Crores

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 82 69 68 65 65 52 59 49 48 53 53 41
Inventory Days 145 224 180 163 205 140 195 164 175 207 198 155
Days Payable 12 11 16 9 11 14 18 7 7 9 4 19
Cash Conversion Cycle 215 282 232 219 258 178 236 205 215 251 247 177
Working Capital Days 162 168 143 141 158 108 161 141 156 198 151 139
ROCE % -3% 13% 15% 5% 8% 7% 0% 9% -1% 7% 33% 7%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
66.31% 66.31% 66.31% 66.31% 66.31% 66.31% 66.31% 66.31% 66.44% 66.44% 66.61% 66.71%
0.00% 0.06% 0.30% 0.49% 0.56% 0.73% 0.44% 0.38% 0.35% 0.27% 0.25% 0.22%
0.02% 0.01% 0.56% 0.56% 0.56% 0.56% 0.56% 0.56% 0.56% 0.56% 0.56% 0.59%
0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
33.66% 33.61% 32.82% 32.64% 32.57% 32.40% 32.69% 32.75% 32.63% 32.72% 32.58% 32.48%
No. of Shareholders 26,59825,95926,74526,88928,27831,00232,73532,70532,41732,15531,73031,416

* 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.

Click on the line-items to see the names of individual entities.

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