Nahar Capital &Finl.

₹282.9 -2.5 | 0.9%

WEBSITE BSE:532952 NSE : NAHAR CAP 10 May, 16:01

Market Cap ₹474 Cr.

Stock P/E 25.5

P/B 0.3

Current Price ₹282.9

Book Value ₹ 931.3

Face Value 5

52W High ₹358

Dividend Yield 0.53%

52W Low ₹ 268.2

Edit Ratio

Nahar Capital &Finl. Research see more...

Favourable Industry Dynamics and Economic Revival Should Support Nahar Capital & Financial Services Ltd

Overview Inc. Year: 2006Industry: Finance - NBFC

Nahar Capital and Financial Services Ltd is a holding business enterprise. The Company is engaged in funding/financial activities. The Company's segments include Investment/Financial Activity and Real Estate Activity. The Investment/Financial Activity segment consists of long term investment activities, together with long term capital and strategic investments, and investment activities for short term, which encompass buying and selling investment. It is a systematically essential non-deposit taking non-banking financial agency (NBFC-ND). Its real estate business includes the purchase and sale of residential and/or industrial land; dealing in real estate, improvement of land and construction of building for industrial and residential motive, and leasing, hiring or acquisition of this sort of real estate asset. The Company is likewise engaged lending activities. The Company invests in stocks, debentures, stock, bonds and securities of numerous kinds and different groups carried on through finance and funding businesses.

Nahar Capital &Finl. Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Nahar Capital &Finl. Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Operating Revenue	10	11	4	5	9	6	5	6	8	4
Other Income	5	3	-1	-5	5	6	2	8	5	10
Total Income	16	14	3	1	14	13	7	13	13	14
Total Expenditure	1	2	2	2	2	2	3	2	3	2
Operating Profit	14	12	1	-1	12	11	5	12	10	12
Interest Expense	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	14	12	1	-2	12	10	4	11	10	12
Provision for Tax	29	23	24	-10	0	-0	-4	3	1	1
Profit After Tax	-15	-11	-24	8	11	10	8	9	9	11
Adjustments	71	82	65	45	22	-5	8	-11	-4	-11
Profit After Adjustments	56	71	41	53	33	5	16	-2	5	-0
Adjusted Earnings Per Share	33.4	42.3	24.7	31.7	19.7	3	9.4	-1.3	3.1	-0.1

Nahar Capital &Finl. Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	20	7	15	14	10	13	22	30	26	23
Other Income	15	17	27	13	14	9	25	13	8	25
Total Income	35	23	42	27	24	22	46	43	34	47
Total Expenditure	13	11	15	6	10	9	5	8	8	10
Operating Profit	21	12	27	21	15	12	41	35	26	39
Interest Expense	0	0	0	0	0	1	0	0	0	0
Depreciation	0	0	0	0	0	1	1	1	1	0
Profit Before Tax	22	12	27	20	14	11	84	306	93	37
Provision for Tax	4	2	5	-1	6	-0	23	79	-13	1
Profit After Tax	17	10	22	21	8	11	61	226	107	37
Adjustments	1	30	41	-3	17	-7	0	0	0	-18
Profit After Adjustments	19	40	63	19	25	4	61	226	107	19
Adjusted Earnings Per Share	11.2	23.9	37.6	11.2	14.9	2.2	36.4	135.2	63.7	11.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-13%	26%	13%	0%
Operating Profit CAGR	-26%	29%	4%	0%
PAT CAGR	-53%	113%	38%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	1%	34%	27%	19%
ROE Average	7%	10%	7%	5%
ROCE Average	6%	13%	8%	6%

Nahar Capital &Finl. Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	585	621	684	1002	1005	791	1043	1559	1528
Minority's Interest	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0
Current Liability	9	22	23	38	18	15	23	17	8
Other Liabilities & Provisions	0	0	0	63	64	62	97	167	148
Total Liabilities	593	643	707	1103	1087	868	1163	1743	1685
Loans	0	0	0	0	0	0	0	0	0
Investments	542	589	634	1035	1000	739	1014	1652	1617
Fixed Assets	8	7	17	20	38	41	0	0	0
Other Loans	0	0	0	0	1	1	1	1	1
Other Non Current Assets	24	25	18	10	11	16	0	1	0
Current Assets	20	22	37	38	38	72	93	35	12
Total Assets	593	643	707	1103	1087	868	1163	1743	1685

Nahar Capital &Finl. Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	1	0	0	0	0	0	1	1
Cash Flow from Operating Activities	8	4	-8	-23	29	138	-55	-69	-23
Cash Flow from Investing Activities	-17	-1	12	27	-25	-134	56	75	26
Cash Flow from Financing Activities	8	-3	-3	-3	-3	-4	-1	-5	-3
Net Cash Inflow / Outflow	-0	-1	1	-0	0	-0	1	1	-0
Closing Cash & Cash Equivalent	1	0	1	0	0	0	1	1	1

Nahar Capital &Finl. Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	11.23	23.87	37.59	11.21	14.92	2.21	36.41	135.23	63.73
CEPS(Rs)	10.44	6.14	13.37	12.96	5.09	7.06	36.91	135.84	64.34
DPS(Rs)	1.5	1.5	1.5	1.5	1.5	0.5	1.5	3	1.5
Book NAV/Share(Rs)	349.28	371.1	408.32	598.4	600.43	472.35	623.08	931.13	912.7
Net Profit Margin	85.63	150.86	152.27	150.97	79.89	84.21	278.91	754.15	417.88
Operating Margin	106.28	182.78	185.78	146.32	140.47	87.23	383.68	1017.74	365.64
PBT Margin	106.27	180.63	184.59	143.67	136.44	83.31	382.88	1017.43	365.11
ROA(%)	2.92	1.64	3.29	2.36	0.74	1.13	6	15.58	6.23
ROE(%)	2.97	1.68	3.41	2.54	0.81	1.23	6.65	17.4	6.91
ROCE(%)	3.68	2.01	4.06	2.4	1.4	1.27	9.09	23.42	6.05
Price/Earnings(x)	5.64	2.41	2.7	10.97	6.07	19.76	2.9	4.38	3.87
Price/Book(x)	0.18	0.15	0.25	0.21	0.15	0.09	0.17	0.64	0.27
Dividend Yield(%)	2.37	2.61	1.48	1.22	1.66	1.15	1.42	0.51	0.61
EV/Net Sales(x)	5.19	16.51	12.54	16.21	15.39	5.2	8	32.85	16.09
EV/Core EBITDA(x)	4.92	8.93	6.71	10.91	10.63	5.61	4.28	27.89	15.92
Interest Earned Growth(%)	0	-66.82	117.2	-2.93	-28.49	29.95	66.04	37.37	-14.96
Net Profit Growth	0	-41.55	119.23	-3.76	-62.16	36.99	449.93	1219.86	-52.88
EPS Growth(%)	0	112.58	57.47	-70.17	33.08	-85.21	1549.97	271.43	-52.88
Interest Coverage(x) %	0	85.06	156.1	55.17	34.9	22.24	479.29	3321.92	696.32

Nahar Capital &Finl. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	71.42	71.47	71.54	71.54	71.54	71.54	71.54	71.54	71.54	71.54
FII	0.15	0.38	0.49	0.48	0.46	0.32	0.31	0.31	0.31	0.31
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	28.41	28.13	27.95	27.96	27.97	28.12	28.13	28.12	28.13	28.13
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2
FII	0	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	0.48	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47
Others	0	0	0	0	0	0	0	0	0	0
Total	1.67	1.67	1.67	1.67	1.67	1.67	1.67	1.67	1.67	1.67

Pros

Stock is trading at 0.3 times its book value
Company has delivered good profit growth of 38% CAGR over last 5 years
Company is almost debt free.

Cons

Company has a low return on equity of 10% over the last 3 years.
Earnings include an other income of Rs. 8 Cr.

* 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.