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Consolidated Standalone

Nahar Spinning Mills

₹268 1.6 | 0.6%

Market Cap ₹966 Cr.

Stock P/E -23.6

P/B 0.6

Current Price ₹268

Book Value ₹ 418.7

Face Value 5

52W High ₹362

Dividend Yield 0.56%

52W Low ₹ 233

Edit Ratio

Nahar Spinning Mills Research see more...

Overview Inc. Year: 1980Industry: Textile - Spinning

Nahar Spinning Mills Ltd is a textile organization. The Company's merchandise encompass yarns and knitted clothes. The Company's yarns encompass 100% cotton-raw white and dyed yarns; raw white combed yarns; raw white carded yarns/open end yarns; dyed yarns; organic cotton yarn (raw white and dyed); fair trade cotton yarn; melange yarn; 100% gassed/mercerized yarns; compact spun yarns; mixed yarns; specialised blended yarns; synthetic/manmade fiber yarns; cleaner yarn, and specialised yarns, along with Grindle Yarn, Space Dyed Yarn, Slub Yarn, Core Spun yarn, High Twist Yarn, Reverse Twist Yarn and Elitwist Yarn. The Company has a manufacturing facility to knit about 30 tons cloth per day on round knitting machines of each Dyed and Greige yarn. The Company's single knits include Single Jersey, Pique, Textures, Fleece, Velour, French Terry, Popcorn and Mini Jacquards, and its double knits encompass Interlocks, Drop Needle, Textures, Ribs, Variegated Ribs and Feeder strippers.

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Nahar Spinning Mills Share Price

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Peer Comparison

Nahar Spinning Mills 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
Net Sales 843 1017 996 862 657 554 724 749 728 758
Other Income 4 6 3 11 17 7 9 3 5 2
Total Income 847 1023 999 873 674 562 733 752 733 760
Total Expenditure 630 775 818 750 595 551 691 740 715 739
Operating Profit 217 248 182 123 79 11 42 12 18 20
Interest 14 17 19 9 7 6 8 15 13 16
Depreciation 20 18 17 17 17 18 20 20 21 23
Exceptional Income / Expenses 0 0 0 0 -1 -1 0 0 -1 -1
Profit Before Tax 182 213 146 97 53 -14 15 -23 -18 -20
Provision for Tax 46 55 38 25 13 -3 5 -6 -0 -5
Profit After Tax 137 158 107 72 40 -11 10 -18 -18 -15
Adjustments -0 -0 0 0 0 0 0 0 -0 0
Profit After Adjustments 137 158 107 72 40 -11 10 -18 -18 -15
Adjusted Earnings Per Share 37.9 43.8 29.7 20 11 -3.1 2.7 -4.9 -5 -4.2

Nahar Spinning Mills Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1961 2204 2150 2029 2132 2133 2305 2083 2112 3594 2797 2959
Other Income 8 7 11 18 22 9 13 7 7 15 44 19
Total Income 1969 2211 2161 2047 2154 2142 2318 2090 2119 3608 2841 2978
Total Expenditure 1639 1847 1930 1803 1944 2040 2070 2019 1914 2783 2581 2885
Operating Profit 330 364 231 244 210 103 248 71 205 825 260 92
Interest 109 71 86 63 47 55 60 67 69 75 33 52
Depreciation 88 88 131 101 96 94 84 82 82 75 73 84
Exceptional Income / Expenses 0 0 0 -1 0 0 -1 -1 0 -1 -4 -2
Profit Before Tax 134 205 15 79 68 -46 104 -78 54 675 150 -46
Provision for Tax 56 59 -6 28 22 -14 39 -25 12 173 40 -6
Profit After Tax 78 146 20 51 46 -32 65 -53 41 502 111 -41
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 78 146 20 51 46 -32 65 -53 41 502 111 -41
Adjusted Earnings Per Share 21.6 40.4 5.6 14.1 12.7 -8.9 18.1 -14.7 11.5 139.2 30.7 -11.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -22% 10% 6% 4%
Operating Profit CAGR -68% 54% 20% -2%
PAT CAGR -78% 0% 0% 4%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -2% 31% 26% 10%
ROE Average 7% 17% 11% 9%
ROCE Average 8% 16% 11% 9%

Nahar Spinning Mills Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 622 763 760 811 856 819 877 819 898 1601 1554
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 339 366 346 273 169 73 60 169 191 158 218
Other Non-Current Liabilities 46 62 43 42 38 25 30 6 23 56 40
Total Current Liabilities 1008 983 853 874 746 1124 998 944 1123 1307 740
Total Liabilities 2015 2174 2003 2000 1810 2040 1965 1938 2235 3121 2552
Fixed Assets 802 900 867 813 761 700 739 748 716 745 831
Other Non-Current Assets 85 117 66 64 96 89 96 82 130 438 360
Total Current Assets 1127 1158 1069 1123 953 1251 1130 1108 1388 1938 1361
Total Assets 2015 2174 2003 2000 1810 2040 1965 1938 2235 3121 2552

Nahar Spinning Mills Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 12 13 8 -614 -630 -429 3 2 5 2 4
Cash Flow from Operating Activities 134 209 134 163 382 -240 250 61 -85 261 609
Cash Flow from Investing Activities -45 -211 -89 -58 -61 -19 -128 -78 -53 -161 -257
Cash Flow from Financing Activities -88 -3 -44 -121 -120 -122 -123 20 136 -99 -303
Net Cash Inflow / Outflow 1 -5 1 -17 201 -382 -1 3 -3 2 49
Closing Cash & Cash Equivalent 13 8 9 -630 -429 -811 2 5 2 4 53

Nahar Spinning Mills Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 21.59 40.41 5.65 14.1 12.75 -8.92 18.06 -14.71 11.48 139.24 30.72
CEPS(Rs) 45.86 64.86 41.85 42.13 39.32 17.16 41.24 7.92 34.22 160.16 50.84
DPS(Rs) 1 1 1 1.5 1.5 0.5 1 0 1.5 3.5 1.5
Book NAV/Share(Rs) 172.57 211.69 210.81 224.8 237.42 226.96 243.15 227.12 248.96 443.79 430.85
Core EBITDA Margin(%) 16.41 16.19 10.22 11.15 8.82 4.39 10.22 3.08 9.38 22.56 7.73
EBIT Margin(%) 12.36 12.5 4.69 7 5.36 0.4 7.12 -0.53 5.82 20.85 6.56
Pre Tax Margin(%) 6.83 9.28 0.69 3.9 3.18 -2.17 4.52 -3.75 2.53 18.77 5.38
PAT Margin (%) 3.97 6.61 0.95 2.51 2.16 -1.51 2.82 -2.55 1.96 13.97 3.96
Cash Profit Margin (%) 8.43 10.61 7.02 7.49 6.65 2.9 6.45 1.37 5.84 16.07 6.56
ROA(%) 4.01 6.96 0.98 2.54 2.41 -1.67 3.25 -2.72 1.99 18.75 3.91
ROE(%) 13.3 21.03 2.67 6.48 5.52 -3.84 7.68 -6.26 4.82 40.2 7.02
ROCE(%) 13.45 14.61 5.36 7.75 6.68 0.5 9.17 -0.63 6.62 32.69 7.5
Receivable days 70.06 64.85 67.65 67.26 57.05 55.52 51.67 50.73 50.21 42.27 54.67
Inventory Days 103.86 103.26 99.23 108.34 96.25 104.71 107.7 111.78 120.17 90.85 120.15
Payable days 12.61 12.99 12.18 10.7 11.91 15.24 12.46 7.55 8.37 4.82 11.5
PER(x) 3.3 2.44 15.37 6.48 10.61 0 5.07 0 9.05 3.66 7.82
Price/Book(x) 0.41 0.47 0.41 0.41 0.57 0.38 0.38 0.11 0.42 1.15 0.56
Dividend Yield(%) 1.4 1.01 1.15 1.64 1.11 0.58 1.09 0 1.44 0.69 0.62
EV/Net Sales(x) 0.75 0.68 0.64 0.66 0.56 0.61 0.53 0.49 0.69 0.79 0.55
EV/Core EBITDA(x) 4.46 4.14 5.98 5.45 5.71 12.72 4.89 14.19 7.06 3.45 5.93
Net Sales Growth(%) 15.63 12.39 -2.48 -5.61 5.08 0.05 8.06 -9.65 1.4 70.17 -22.18
EBIT Growth(%) 509.27 13.62 -63.42 40.83 -19.53 -92.49 1812.46 -106.74 1212.04 509.4 -75.5
PAT Growth(%) 166.43 87.2 -86.03 149.75 -9.62 -170.01 302.34 -181.48 178.05 1112.58 -77.94
EPS Growth(%) 166.43 87.2 -86.03 149.75 -9.62 -170.01 302.34 -181.48 178.05 1112.57 -77.94
Debt/Equity(x) 1.97 1.52 1.42 1.25 0.86 1.22 1.01 1.13 1.2 0.63 0.47
Current Ratio(x) 1.12 1.18 1.25 1.28 1.28 1.11 1.13 1.17 1.24 1.48 1.84
Quick Ratio(x) 0.48 0.57 0.59 0.56 0.62 0.46 0.51 0.49 0.58 0.68 0.77
Interest Cover(x) 2.24 3.88 1.17 2.26 2.45 0.16 2.74 -0.17 1.77 10.04 5.52
Total Debt/Mcap(x) 4.77 3.26 3.44 3.08 1.51 3.19 2.68 9.85 2.87 0.55 0.84

Nahar Spinning Mills Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 66.31 66.31 66.31 66.31 66.31 66.45 66.45 66.61 66.72 67.04
FII 0.49 0.56 0.73 0.44 0.38 0.35 0.27 0.25 0.22 0.14
DII 0.56 0.56 0.56 0.56 0.56 0.56 0.56 0.56 0.59 0.59
Public 32.64 32.57 32.4 32.69 32.75 32.64 32.72 32.58 32.47 32.23
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.6 times its book value
  • Company is almost debt free.

Cons

  • Debtor days have increased from 4.82 to 11.5days.

* 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.

Nahar Spinning Mills News

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