Nahar Spinning Mills Ltd

Nahar Spinning Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nahar Spinning Mills Ltd

₹ 284 2.66%
02 Jul 11:54 a.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]
NSML is a part of the Nahar Group. It is one of the largest cotton yarn manufacturers and exporter of knitted garments.

Website BSE NSE
  • Market Cap ₹ 1,024 Cr.
  • Current Price ₹ 284
  • High / Low ₹ 384 / 185
  • Stock P/E 66.4
  • Book Value ₹ 413
  • Dividend Yield 0.36 %
  • ROCE 3.85 %
  • ROE 1.04 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 0.66 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.54% over past five years.
  • Company has a low return on equity of 1.88% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 9.01% of profits over last 3 years
  • Debtor days have increased from 53.7 to 68.7 days.

* 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

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
996 862 657 554 724 749 728 758 815 821 776 812 876
817 750 595 551 690 740 715 739 775 768 771 774 809
Operating Profit 179 112 61 4 34 9 13 18 40 53 5 38 66
OPM % 18% 13% 9% 1% 5% 1% 2% 2% 5% 6% 1% 5% 8%
2 11 16 6 8 3 3 1 5 1 16 2 10
Interest 19 9 7 6 8 15 13 16 22 21 18 15 20
Depreciation 17 17 17 18 20 20 21 23 24 24 24 24 24
Profit before tax 146 97 53 -14 15 -23 -18 -20 0 9 -21 1 32
Tax % 26% 26% 25% -23% 33% -24% -1% -24% 385% 26% -19% 42% 31%
107 72 40 -11 10 -18 -18 -15 -0 7 -17 1 22
EPS in Rs 29.70 20.01 11.01 -3.05 2.71 -4.85 -4.99 -4.21 -0.10 1.84 -4.84 0.21 6.21
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,203 2,149 2,029 2,132 2,133 2,305 2,083 2,112 3,594 2,797 3,050 3,285
1,846 1,929 1,804 1,944 2,040 2,070 2,019 1,914 2,783 2,585 2,951 3,123
Operating Profit 357 220 225 188 94 236 64 198 811 212 99 161
OPM % 16% 10% 11% 9% 4% 10% 3% 9% 23% 8% 3% 5%
7 12 18 22 9 12 6 7 14 44 -1 29
Interest 71 86 63 47 55 60 67 69 75 33 70 74
Depreciation 88 131 101 96 94 84 82 82 75 73 88 95
Profit before tax 204 15 79 68 -46 104 -78 54 675 150 -61 21
Tax % 29% -37% 36% 32% -30% 37% -32% 23% 26% 26% -17% 42%
146 20 51 46 -32 65 -53 41 502 111 -51 12
EPS in Rs 40.37 5.64 14.09 12.73 -8.91 18.04 -14.70 11.47 139.11 30.69 -14.15 3.42
Dividend Payout % 2% 18% 11% 12% -6% 6% 0% 13% 3% 5% -7% 29%
Compounded Sales Growth
10 Years: 4%
5 Years: 10%
3 Years: -3%
TTM: 8%
Compounded Profit Growth
10 Years: -2%
5 Years: 18%
3 Years: -69%
TTM: 142%
Stock Price CAGR
10 Years: 9%
5 Years: 51%
3 Years: -4%
1 Year: -14%
Return on Equity
10 Years: 6%
5 Years: 9%
3 Years: 2%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 745 742 793 838 800 859 801 880 1,583 1,536 1,463 1,471
1,159 1,078 1,015 738 996 887 924 1,074 1,013 730 1,151 1,101
252 165 144 161 170 145 162 230 338 230 257 160
Total Liabilities 2,174 2,003 1,970 1,756 1,985 1,908 1,906 2,202 2,951 2,514 2,889 2,750
900 867 813 770 709 747 756 724 752 838 918 864
CWIP 61 20 1 3 6 13 7 28 21 101 3 5
Investments 18 9 27 28 25 22 22 61 306 163 134 139
1,195 1,106 1,129 955 1,245 1,126 1,121 1,389 1,872 1,412 1,835 1,741
Total Assets 2,174 2,003 1,970 1,756 1,985 1,908 1,906 2,202 2,951 2,514 2,889 2,750

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
209 134 163 382 -240 250 61 -85 261 609 -395 93
-211 -89 -58 -61 -19 -128 -78 -53 -161 -257 -49 14
-3 -44 -121 -120 -122 -123 20 136 -99 -303 393 -76
Net Cash Flow -5 1 -17 201 -382 -1 3 -3 2 49 -51 32

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 68 65 65 52 59 49 48 53 53 41 51 69
Inventory Days 180 163 205 140 195 164 175 207 198 155 194 141
Days Payable 16 9 11 14 18 7 7 9 4 19 5 4
Cash Conversion Cycle 232 219 258 178 236 205 215 251 247 177 240 205
Working Capital Days 143 141 158 108 161 141 156 198 151 139 181 172
ROCE % 15% 5% 8% 7% 0% 9% -1% 7% 33% 7% 1% 4%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
66.31% 66.31% 66.31% 66.44% 66.44% 66.61% 66.71% 67.03% 67.07% 67.07% 67.07% 67.42%
0.73% 0.44% 0.38% 0.35% 0.27% 0.25% 0.22% 0.14% 0.11% 0.11% 0.12% 0.00%
0.56% 0.56% 0.56% 0.56% 0.56% 0.56% 0.59% 0.59% 0.59% 0.74% 0.74% 0.59%
32.40% 32.69% 32.75% 32.63% 32.72% 32.58% 32.48% 32.24% 32.24% 32.09% 32.06% 31.96%
No. of Shareholders 31,00232,73532,70532,41732,15531,73031,41631,83930,81330,22529,45729,131

* 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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