Nahar Spinning Mills Ltd

₹ 254 -2.70%

02 Nov 1:12 p.m.

owmnahar.com BSE: 500296 NSE: NAHARSPING

About

Incorporated in 1980, Nahar Spinning Mills Ltd manufactures cotton yarn/blended yarn and hosiery knitwear^[1]

Key Points

Business Overview:^[1]^[2]
NSML is the flagship company of the Nahar group, a conglomerate operating in spinning, garments, and hosiery. It is one of the largest cotton yarn manufacturers in India and a leading manufacturer and exporter of knitted garments, and it ranks among the top 10 spinners in the domestic market and is one of the largest buyers of cotton in India.

Website BSE NSE

Market Cap ₹ 915 Cr.
Current Price ₹ 254
High / Low ₹ 350 / 149
Stock P/E 6.03
Book Value ₹ 460
Dividend Yield 0.38 %
ROCE 3.26 %
ROE 1.24 %
Face Value ₹ 5.00

Add ratio to table

Edit ratios

Pros

Company has reduced debt.
Stock is trading at 0.55 times its book value

Cons

The company has delivered a poor sales growth of 8.79% over past five years.
Company has a low return on equity of -0.22% over last 3 years.
Company might be capitalizing the interest cost
Dividend payout has been low at 12.9% 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	728	758	815	821	776	812	876	819	779	703	917	966	894
	715	739	775	768	771	774	809	761	753	688	858	839	777
Operating Profit	13	18	40	53	5	38	66	58	26	15	59	127	118
OPM %	1.8%	2.4%	4.9%	6%	0.6%	4.7%	8%	7%	3.3%	2.1%	6%	13%	13%
	3	1	5	1	16	2	10	3	2	4	5	9	14
Interest	13	16	22	21	18	15	20	17	11	13	13	19	13
Depreciation	21	23	24	24	24	24	24	23	23	23	22	24	26
Profit before tax	-18	-20	0	9	-21	1	32	21	-7	-17	29	93	92
Tax %	-1%	-24%	385%	26%	-19%	42%	31%	24%	-34%	-24%	20%	25%	23%
	-18	-15	-0	7	-17	1	22	16	-5	-13	23	70	71
EPS in Rs	-4.99	-4.21	-0.10	1.84	-4.84	0.21	6.21	4.42	-1.29	-3.58	6.49	19.36	19.68
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,149	2,029	2,132	2,133	2,305	2,083	2,112	3,594	2,797	3,050	3,285	3,218	3,480
	1,929	1,804	1,944	2,040	2,070	2,019	1,914	2,783	2,585	2,951	3,124	3,056	3,161
Operating Profit	220	225	188	94	236	64	198	811	212	99	161	162	319
OPM %	10%	11%	9%	4.4%	10%	3.1%	9%	23%	8%	3.2%	4.9%	5%	9%
	12	18	22	9	12	6	7	14	44	-1	34	15	32
Interest	86	63	47	55	60	67	69	75	33	70	79	60	57
Depreciation	131	101	96	94	84	82	82	75	73	88	95	91	96
Profit before tax	15	79	68	-46	104	-78	54	675	150	-61	21	26	197
Tax %	-37%	36%	32%	-30%	37%	-32%	23%	26%	26%	-17%	42%	16%
	20	51	46	-32	65	-53	41	502	111	-51	12	22	151
EPS in Rs	5.64	14.09	12.73	-8.91	18.04	-14.70	11.47	139.11	30.69	-14.15	3.42	6.04	41.95
Dividend Payout %	18%	11%	12%	-6%	6%	0%	13%	3%	5%	-7%	29%	17%

Compounded Sales Growth
10 Years:	5%
5 Years:	9%
3 Years:	5%
TTM:	6%

Compounded Profit Growth
10 Years:	-9%
5 Years:	-14%
3 Years:	-44%
TTM:	315%

Stock Price CAGR
10 Years:	8%
5 Years:	-14%
3 Years:	-1%
1 Year:	26%

Return on Equity
10 Years:	6%
5 Years:	8%
3 Years:	0%
Last Year:	1%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	18	18	18	18	18	18	18	18	18	18	18	18	18
Reserves	742	793	838	800	859	801	880	1,583	1,536	1,463	1,471	1,494	1,642
	1,078	1,015	738	996	887	924	1,074	1,013	730	1,151	1,101	983	851
	165	144	161	170	145	162	230	338	230	257	160	198	211
Total Liabilities	2,003	1,970	1,756	1,985	1,908	1,906	2,202	2,951	2,514	2,889	2,750	2,693	2,722
	867	813	770	709	747	756	724	752	838	918	864	816	874
CWIP	20	1	3	6	13	7	28	21	101	3	5	32	76
Investments	9	27	28	25	22	22	61	306	163	134	139	146	180
	1,106	1,129	955	1,245	1,126	1,121	1,389	1,872	1,412	1,835	1,741	1,699	1,593
Total Assets	2,003	1,970	1,756	1,985	1,908	1,906	2,202	2,951	2,514	2,889	2,750	2,693	2,722

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	134	163	382	-240	250	61	-85	261	609	-395	93	190
	-89	-58	-61	-19	-128	-78	-53	-161	-257	-49	14	-85
	-44	-121	-120	-122	-123	20	136	-99	-303	393	-76	-136
Net Cash Flow	1	-17	201	-382	-1	3	-3	2	49	-51	32	-31
Free Cash Flow	31	109	339	-275	122	-22	-155	169	373	-480	51	122
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	63%	85%	216%	-256%	119%	96%	-38%	53%	309%	-394%	57%	112%

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	65	65	52	59	49	48	53	53	41	51	69	58
Inventory Days	163	205	140	195	164	175	207	198	155	194	141	143
Days Payable	9	11	14	18	7	7	9	4	19	5	4	7
Cash Conversion Cycle	219	258	178	236	205	215	251	247	177	240	205	194
Working Capital Days	35	42	30	21	21	28	46	64	72	70	70	77
ROCE %	5%	8%	7%	0%	9%	-1%	7%	33%	7%	1%	4%	3%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Permanent Employees
employees

xx,xxx	xx,xxx	xx,xxx		xx,xxx	xx,xxx	xx,xxx	x,xxx	xx,xxx	xx,xxx	x,xxx
xx.xx	xx.xx	xx.xx		xx.xx		xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
		xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
		x		x	x	x	x	x	x	x
					x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	xx,xxx.xx	xx,xxx.xx
xxx,xxx		xxx,xxx			xxx,xxx	xxx,xxx		xxx,xxx
x,xxx					x,xxx	x,xxx		x,xxx
						xx	xx

Please log in to see hidden values.

Export Sales Share
%

Cotton Consumption
bales/year

Plant Locations
locations

Rooftop Solar Power Capacity
KW

Installed Spindles
spindles

Installed Rotors
rotors

International Export Countries
countries

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	66.71%	67.03%	67.07%	67.07%	67.07%	67.42%	67.42%	67.42%	67.42%	67.96%	68.02%	68.02%
	0.22%	0.14%	0.11%	0.11%	0.12%	0.00%	0.08%	0.09%	0.00%	0.08%	0.00%	0.08%
	0.59%	0.59%	0.59%	0.74%	0.74%	0.59%	0.59%	0.59%	0.59%	0.02%	0.02%	0.02%
	32.48%	32.24%	32.24%	32.09%	32.06%	31.96%	31.90%	31.89%	31.98%	31.93%	31.95%	31.89%
No. of Shareholders	31,416	31,839	30,813	30,225	29,457	29,131	28,862	28,690	27,734	27,071	26,127	25,523

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	64.83%	64.83%	64.83%	65.64%	66.31%	66.31%	66.44%	67.03%	67.42%	67.96%	68.02%
	0.01%	0.00%	0.00%	0.00%	0.00%	0.56%	0.35%	0.14%	0.00%	0.08%	0.08%
	0.13%	0.33%	0.24%	0.03%	0.02%	0.56%	0.56%	0.59%	0.59%	0.02%	0.02%
	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	35.04%	34.85%	34.93%	34.33%	33.66%	32.57%	32.63%	32.24%	31.96%	31.93%	31.89%
No. of Shareholders	37,222	32,161	30,452	28,981	26,598	28,278	32,417	31,839	29,131	27,071	25,523

* 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.

Nahar Spinning Mills Ltd

Nahar Spinning Mills Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings