Nahar Spinning Mills Ltd

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

Nahar Spinning Mills Ltd

₹ 238 0.46%
22 Nov - close price
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 ₹ 860 Cr.
  • Current Price ₹ 238
  • High / Low ₹ 384 / 225
  • Stock P/E
  • Book Value ₹ 413
  • Dividend Yield 0.42 %
  • ROCE 0.95 %
  • ROE -2.41 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 0.58 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.76% over past five years.
  • Company has a low return on equity of 13.1% 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

Sector: Textiles Industry: Textiles - Cotton/Blended

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
843 1,017 996 862 657 554 724 749 728 758 815 821 776
630 775 817 750 595 551 690 740 715 739 775 768 771
Operating Profit 213 242 179 112 61 4 34 9 13 18 40 53 5
OPM % 25% 24% 18% 13% 9% 1% 5% 1% 2% 2% 5% 6% 1%
4 6 2 11 16 6 8 3 3 1 5 1 16
Interest 14 17 19 9 7 6 8 15 13 16 22 21 18
Depreciation 20 18 17 17 17 18 20 20 21 23 24 24 24
Profit before tax 182 213 146 97 53 -14 15 -23 -18 -20 0 9 -21
Tax % 25% 26% 26% 26% 25% -23% 33% -24% -1% -24% 385% 26% -19%
137 158 107 72 40 -11 10 -18 -18 -15 -0 7 -17
EPS in Rs 37.83 43.78 29.70 20.01 11.01 -3.05 2.71 -4.85 -4.99 -4.21 -0.10 1.84 -4.84
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,960 2,203 2,149 2,029 2,132 2,133 2,305 2,083 2,112 3,594 2,797 3,050 3,170
1,638 1,846 1,929 1,804 1,944 2,040 2,070 2,019 1,914 2,783 2,585 2,951 3,054
Operating Profit 322 357 220 225 188 94 236 64 198 811 212 99 116
OPM % 16% 16% 10% 11% 9% 4% 10% 3% 9% 23% 8% 3% 4%
8 7 12 18 22 9 12 6 7 14 44 -1 23
Interest 109 71 86 63 47 55 60 67 69 75 33 70 77
Depreciation 88 88 131 101 96 94 84 82 82 75 73 88 95
Profit before tax 134 204 15 79 68 -46 104 -78 54 675 150 -61 -32
Tax % 42% 29% -37% 36% 32% -30% 37% -32% 23% 26% 26% -17%
78 146 20 51 46 -32 65 -53 41 502 111 -51 -26
EPS in Rs 21.71 40.37 5.64 14.09 12.73 -8.91 18.04 -14.70 11.47 139.11 30.69 -14.15 -7.31
Dividend Payout % 5% 2% 18% 11% 12% -6% 6% 0% 13% 3% 5% -7%
Compounded Sales Growth
10 Years: 3%
5 Years: 6%
3 Years: 13%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 32%
Stock Price CAGR
10 Years: 9%
5 Years: 40%
3 Years: -24%
1 Year: -24%
Return on Equity
10 Years: 7%
5 Years: 9%
3 Years: 13%
Last Year: -2%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 604 745 742 793 838 800 859 801 880 1,583 1,536 1,463 1,474
1,227 1,159 1,078 1,015 738 996 887 924 1,074 1,013 730 1,151 735
166 252 165 144 161 170 145 162 230 338 230 257 162
Total Liabilities 2,015 2,174 2,003 1,970 1,756 1,985 1,908 1,906 2,202 2,951 2,514 2,889 2,388
802 900 867 813 770 709 747 756 724 752 838 918 894
CWIP 38 61 20 1 3 6 13 7 28 21 101 3 10
Investments 12 18 9 27 28 25 22 22 61 306 163 134 166
1,163 1,195 1,106 1,129 955 1,245 1,126 1,121 1,389 1,872 1,412 1,835 1,318
Total Assets 2,015 2,174 2,003 1,970 1,756 1,985 1,908 1,906 2,202 2,951 2,514 2,889 2,388

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
134 209 134 163 382 -240 250 61 -85 261 609 -395
-45 -211 -89 -58 -61 -19 -128 -78 -53 -161 -257 -49
-88 -3 -44 -121 -120 -122 -123 20 136 -99 -303 393
Net Cash Flow 1 -5 1 -17 201 -382 -1 3 -3 2 49 -51

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 69 68 65 65 52 59 49 48 53 53 41 51
Inventory Days 224 180 163 205 140 195 164 175 207 198 155 194
Days Payable 11 16 9 11 14 18 7 7 9 4 19 5
Cash Conversion Cycle 282 232 219 258 178 236 205 215 251 247 177 240
Working Capital Days 168 143 141 158 108 161 141 156 198 151 139 181
ROCE % 13% 15% 5% 8% 7% 0% 9% -1% 7% 33% 7% 1%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.31% 66.31% 66.31% 66.31% 66.31% 66.44% 66.44% 66.61% 66.71% 67.03% 67.07% 67.07%
0.49% 0.56% 0.73% 0.44% 0.38% 0.35% 0.27% 0.25% 0.22% 0.14% 0.11% 0.11%
0.56% 0.56% 0.56% 0.56% 0.56% 0.56% 0.56% 0.56% 0.59% 0.59% 0.59% 0.74%
32.64% 32.57% 32.40% 32.69% 32.75% 32.63% 32.72% 32.58% 32.48% 32.24% 32.24% 32.09%
No. of Shareholders 26,88928,27831,00232,73532,70532,41732,15531,73031,41631,83930,81330,225

* 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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