Nahar Spinning Mills Ltd

₹ 361 13.65%
18 Aug - 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: Raw white & dyed yarns available in Single, Double, Multi-fold, Slub & Compact on cones.
Knitted Garments: Single knit and double knit fabrics [1][2]

  • Market Cap 1,303 Cr.
  • Current Price 361
  • High / Low 692 / 272
  • Stock P/E 2.74
  • Book Value 443
  • Dividend Yield 0.97 %
  • ROCE 32.5 %
  • ROE 40.0 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.82 times its book value
  • Company is expected to give good quarter
  • 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
534 394 586 569 210 541 635 727 738 843 1,017 996 862
497 414 565 548 211 533 571 604 568 630 775 817 748
Operating Profit 36 -19 21 21 -1 8 64 123 170 213 242 179 113
OPM % 7% -5% 4% 4% -1% 1% 10% 17% 23% 25% 24% 18% 13%
4 2 0 1 1 2 2 2 1 4 6 2 10
Interest 16 13 15 18 18 16 15 16 18 14 17 19 9
Depreciation 19 21 21 21 21 20 21 20 20 20 18 17 17
Profit before tax 5 -51 -14 -17 -39 -26 31 88 134 182 213 146 97
Tax % 33% 35% 32% 23% 35% 36% 34% 28% 25% 25% 26% 26% 26%
Net Profit 3 -33 -10 -13 -25 -17 20 63 100 137 158 107 72
EPS in Rs 0.88 -9.19 -2.68 -3.71 -7.04 -4.65 5.60 17.57 27.80 37.83 43.78 29.70 20.01

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 3,718
1,100 1,679 1,638 1,846 1,929 1,804 1,944 2,040 2,070 2,019 1,914 2,783 2,970
Operating Profit 294 16 322 357 220 225 188 94 236 64 198 811 748
OPM % 21% 1% 16% 16% 10% 11% 9% 4% 10% 3% 9% 23% 20%
6 9 8 7 12 18 22 9 12 6 7 14 22
Interest 52 114 109 71 86 63 47 55 60 67 69 75 59
Depreciation 70 84 88 88 131 101 96 94 84 82 82 75 73
Profit before tax 178 -173 134 204 15 79 68 -46 104 -78 54 675 638
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 41 502 474
EPS in Rs 33.65 -32.51 21.71 40.37 5.64 14.09 12.73 -8.91 18.04 -14.70 11.47 139.11 131.32
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: 41%
Compounded Profit Growth
10 Years: 20%
5 Years: 62%
3 Years: 98%
TTM: 184%
Stock Price CAGR
10 Years: 19%
5 Years: 28%
3 Years: 92%
1 Year: -9%
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
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
1,336 1,208 1,227 1,159 1,078 1,015 738 996 887 924 1,074 1,013
246 113 166 252 165 144 161 170 145 162 230 338
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
748 838 802 900 867 813 770 709 747 756 724 752
CWIP 56 40 38 61 20 1 3 6 13 7 28 21
Investments 17 14 12 18 9 27 28 25 22 22 61 306
1,426 979 1,163 1,195 1,106 1,129 955 1,245 1,126 1,121 1,389 1,872
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

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

7 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
64.83 65.39 65.64 65.64 65.64 65.70 66.31 66.31 66.31 66.31 66.31 66.31
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.30 0.49 0.56 0.73
0.09 0.11 0.03 0.03 0.03 0.02 0.02 0.01 0.56 0.56 0.56 0.56
0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.00
35.09 34.50 34.33 34.33 34.33 34.28 33.66 33.61 32.82 32.64 32.57 32.40

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