Nahar Spinning Mills Ltd

Nahar Spinning Mills Ltd

₹ 284 1.76%
24 Jun - 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 1,023 Cr.
  • Current Price 284
  • High / Low 362 / 225
  • Stock P/E
  • Book Value 410
  • Dividend Yield 0.53 %
  • ROCE 0.43 %
  • ROE -2.98 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.69 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.76% over past five years.
  • Company has a low return on equity of 13.0% 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: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
726.70 738.18 842.68 1,016.66 996.34 861.89 656.87 554.41 723.74 748.90 727.82 757.87 815.42
603.52 567.87 629.84 774.71 817.01 749.53 595.42 550.66 689.58 738.33 714.98 739.49 773.64
Operating Profit 123.18 170.31 212.84 241.95 179.33 112.36 61.45 3.75 34.16 10.57 12.84 18.38 41.78
OPM % 16.95% 23.07% 25.26% 23.80% 18.00% 13.04% 9.35% 0.68% 4.72% 1.41% 1.76% 2.43% 5.12%
1.66 1.35 3.97 6.16 2.50 10.74 16.01 6.08 8.24 1.65 3.41 0.64 3.99
Interest 16.49 17.84 13.92 17.11 19.36 8.67 6.99 6.23 8.00 15.10 13.20 16.29 21.57
Depreciation 20.42 20.02 20.43 18.22 16.78 17.43 17.46 17.97 19.71 20.22 21.32 22.86 24.07
Profit before tax 87.93 133.80 182.46 212.78 145.69 97.00 53.01 -14.37 14.69 -23.10 -18.27 -20.13 0.13
Tax % 27.89% 25.01% 25.15% 25.73% 26.39% 25.52% 25.00% 23.31% 33.36% 24.24% 1.48% 24.49% 384.62%
63.41 100.34 136.58 158.04 107.23 72.25 39.76 -11.02 9.79 -17.51 -18.00 -15.21 -0.37
EPS in Rs 17.57 27.80 37.83 43.78 29.70 20.01 11.01 -3.05 2.71 -4.85 -4.99 -4.21 -0.10
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,960 2,203 2,149 2,029 2,132 2,133 2,305 2,083 2,112 3,594 2,797 3,050
1,638 1,846 1,929 1,804 1,944 2,040 2,070 2,019 1,914 2,783 2,581 2,966
Operating Profit 322 357 220 225 188 94 236 64 198 811 216 84
OPM % 16% 16% 10% 11% 9% 4% 10% 3% 9% 23% 8% 3%
8 7 12 18 22 9 12 6 7 14 40 10
Interest 109 71 86 63 47 55 60 67 69 75 33 66
Depreciation 88 88 131 101 96 94 84 82 82 75 73 88
Profit before tax 134 204 15 79 68 -46 104 -78 54 675 150 -61
Tax % 42% 29% -37% 36% 32% 30% 37% 32% 23% 26% 26% 17%
78 146 20 51 46 -32 65 -53 41 502 111 -51
EPS in Rs 21.71 40.37 5.64 14.09 12.73 -8.91 18.04 -14.70 11.47 139.11 30.69 -14.15
Dividend Payout % 5% 2% 18% 11% 12% -6% 6% 0% 13% 3% 5% -7%
Compounded Sales Growth
10 Years: 3%
5 Years: 6%
3 Years: 13%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -141%
Stock Price CAGR
10 Years: 6%
5 Years: 32%
3 Years: 6%
1 Year: 4%
Return on Equity
10 Years: 7%
5 Years: 9%
3 Years: 13%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 604 745 742 793 838 800 859 801 880 1,583 1,536 1,463
1,227 1,159 1,078 1,015 738 996 887 924 1,074 1,013 730 1,151
166 252 165 144 161 170 145 162 230 338 230 257
Total Liabilities 2,015 2,174 2,003 1,970 1,756 1,985 1,908 1,906 2,202 2,951 2,514 2,889
802 900 867 813 770 709 747 756 724 752 838 918
CWIP 38 61 20 1 3 6 13 7 28 21 101 3
Investments 12 18 9 27 28 25 22 22 61 306 163 134
1,163 1,195 1,106 1,129 955 1,245 1,126 1,121 1,389 1,872 1,412 1,835
Total Assets 2,015 2,174 2,003 1,970 1,756 1,985 1,908 1,906 2,202 2,951 2,514 2,889

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
134 209 134 163 382 -240 250 61 -85 261 609 -395
-45 -211 -89 -58 -61 -19 -128 -78 -53 -161 -257 -49
-88 -3 -44 -121 -120 -122 -123 20 136 -99 -303 393
Net Cash Flow 1 -5 1 -17 201 -382 -1 3 -3 2 49 -51

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 69 68 65 65 52 59 49 48 53 53 41 51
Inventory Days 224 180 163 205 140 195 164 175 207 198 155 194
Days Payable 11 16 9 11 14 18 7 7 9 4 19 5
Cash Conversion Cycle 282 232 219 258 178 236 205 215 251 247 177 240
Working Capital Days 168 143 141 158 108 161 141 156 198 151 139 181
ROCE % 13% 15% 5% 8% 7% 0% 9% -1% 7% 33% 7%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.31% 66.31% 66.31% 66.31% 66.31% 66.31% 66.31% 66.44% 66.44% 66.61% 66.71% 67.03%
0.06% 0.30% 0.49% 0.56% 0.73% 0.44% 0.38% 0.35% 0.27% 0.25% 0.22% 0.14%
0.01% 0.56% 0.56% 0.56% 0.56% 0.56% 0.56% 0.56% 0.56% 0.56% 0.59% 0.59%
0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
33.61% 32.82% 32.64% 32.57% 32.40% 32.69% 32.75% 32.63% 32.72% 32.58% 32.48% 32.24%
No. of Shareholders 25,95926,74526,88928,27831,00232,73532,70532,41732,15531,73031,41631,839

* 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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