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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Nahar Capital & Financial Services Ltd

About the Company - Nahar Capital & Financial Services Ltd

Nahar Capital & Financial Services Ltd. is a Public Limited Listed company incorporated on 31/03/2006 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L45202PB2006PLC029968 and registration number is 029968. Currently Company is involved in the business activities of Trusts, funds and other financial vehicles. Company’s Total Operating Revenue is Rs. 36.75 Cr. and Equity Capital is Rs. 8.37 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsNAHAR TOWER, Ludhiana Punjab 141003secncfs@owmnahar.com
http://www.owmnahar.com
Management
NamePosition Held
Mr. Jawahar Lal OswalChairman
Mr. Dinesh OswalManaging Director
Mr. Kamal OswalDirector
Mr. Dinesh GognaDirector
Mr. Satish Kumar SharmaDirector
Dr. Manisha GuptaIndependent Director
Dr. Vijay AsdhirIndependent Director
Dr. Yash Paul SachdevaIndependent Director
Dr. Rajan DhirIndependent Director
Dr. Roshan Lal BehlIndependent Director

Basic Stock Data of Nahar Capital & Financial Services Ltd

Last Updated: June 12, 2024, 10:30 pm

Market Cap 482 Cr.
Current Price 288
High / Low359/264
Stock P/E40.9
Book Value 530
Dividend Yield0.53 %
ROCE1.25 %
ROE0.97 %
Face Value 5.00
PEG Ratio1.07

Competitors of Nahar Capital & Financial Services Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Williamson Magor & Company Ltd 38.8 Cr. 35.449.4/19.3 57.70.00 %7.39 %% 10.0
Wealth First Portfolio Managers Ltd 865 Cr. 812981/29520.4 1100.38 %56.8 %43.8 % 10.0
Alps Motor Finance Ltd 3.86 Cr. 0.380.40/0.37 0.280.00 %22.9 %1,772 % 1.00
TCI Finance Ltd 12.9 Cr. 10.010.0/2.75 49.20.00 %%% 10.0
Corporate Merchant Bankers Ltd 5.49 Cr. 16.619.3/16.6 9.520.00 %2.08 %7.08 % 10.0
Industry Average185.21 Cr174.884.0845.340.08%17.83%364.58%8.20

Reliance Capital Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales4.565.504.6210.2110.914.295.318.706.215.325.877.823.93
Expenses1.432.022.441.441.812.111.871.707.332.5212.636.7413.31
Operating Profit3.133.482.188.779.102.183.447.00-1.122.80-6.761.08-9.38
OPM %68.64%63.27%47.19%85.90%83.41%50.82%64.78%80.46%-18.04%52.63%-115.16%13.81%-238.68%
Other Income25.0339.5658.9376.5585.4763.4640.0026.516.319.477.565.1910.21
Interest0.030.070.040.010.040.000.070.040.010.010.000.090.03
Depreciation0.200.240.260.260.260.250.260.260.260.250.260.260.26
Profit before tax27.9342.7360.8185.0594.2765.3943.1133.214.9212.010.545.920.54
Tax %14.75%13.46%4.11%34.23%24.82%36.78%-23.10%0.51%-0.61%-30.47%500.00%12.16%125.93%
Net Profit23.8136.9958.3255.9470.8741.3353.0733.034.9515.66-2.165.20-0.15
EPS in Rs14.2222.0934.8333.4042.3224.6831.6919.722.969.35-1.293.11-0.09

Last Updated: June 9, 2024, 12:40 pm

Nahar Capital & Financial Services Ltd Quarterly Chart

Nahar Capital & Financial Services Ltd Profit & Loss

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales24183027241846423323
Expenses263991458835
Operating Profit21122718154403425-12
OPM %90%69%90%68%61%25%88%81%76%-53%
Other Income0000170452736932
Interest0000010000
Depreciation0000011111
Profit before tax22122718314843069319
Tax %19%16%18%-6%19%-3%27%26%-14%
Net Profit194063192546122610719
EPS in Rs11.2323.8737.5811.2114.922.2136.41135.2363.7311.08
Dividend Payout %13%6%4%13%10%23%4%2%2%

Nahar Capital & Financial Services Ltd Profit & Loss Yearly Chart

Nahar Capital & Financial Services Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:0%
3 Years:-19%
TTM:-28%
Compounded Profit Growth
10 Years:%
5 Years:-14%
3 Years:-42%
TTM:-89%
Stock Price CAGR
10 Years:15%
5 Years:26%
3 Years:19%
1 Year:2%
Return on Equity
10 Years:%
5 Years:7%
3 Years:9%
Last Year:1%

Last Updated: June 10, 2024, 4:37 pm

Nahar Capital & Financial Services Ltd Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital8888888888
Reserves5776136759949977831,0351,5511,5201,540
Borrowings0151524546201
Other Liabilities978717472106173152159
Total Liabilities5936437071,0981,0858671,1561,7331,6811,708
Fixed Assets871720384156555454
CWIP242518011160100
Investments5425896341,0351,0007391,0141,6521,6171,645
Other Assets202237433772862699
Total Assets5936437071,0981,0858671,1561,7331,6811,708

Nahar Capital & Financial Services Ltd Reserves and Borrowings Chart

Bajaj Finserv Ltd Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 84-8-2329138-55-69-23
Cash from Investing Activity -17-11227-25-134567526
Cash from Financing Activity 8-3-3-3-3-4-1-5-3
Net Cash Flow-0-01-00-011-0

Nahar Capital & Financial Services Ltd Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days000000000
Inventory Days
Days Payable
Cash Conversion Cycle000000000
Working Capital Days162301328238254519111637
ROCE %2%4%2%3%0%9%23%6%

Nahar Capital & Financial Services Ltd Financial Efficiency Indicators Chart

Nahar Capital & Financial Services Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters70.89%71.06%71.06%71.24%71.42%71.47%71.54%71.55%71.55%71.55%71.55%71.55%
FIIs0.00%0.00%0.00%0.11%0.15%0.38%0.49%0.48%0.46%0.32%0.31%0.31%
DIIs0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public29.09%28.91%28.91%28.63%28.41%28.13%27.95%27.95%27.97%28.13%28.12%28.13%
No. of Shareholders10,3109,92410,62213,64312,30613,73614,63114,78714,34914,16313,96613,881

Nahar Capital & Financial Services Ltd Shareholding Pattern Chart

No. of Nahar Capital & Financial Services Ltd Shareholders

This stock is not held by any mutual fund

Nahar Capital & Financial Services Ltd ROCE Trend

Nahar Capital & Financial Services Ltd EPS Trend

Nahar Capital & Financial Services Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)63.73135.2336.412.2114.92
Diluted EPS (Rs.)63.73135.2336.412.2114.92
Cash EPS (Rs.)23.38-26.1510.747.065.09
Book Value[Excl.RevalReserv]/Share (Rs.)912.70931.13623.08472.35600.43
Book Value[Incl.RevalReserv]/Share (Rs.)912.70931.13623.08472.35600.43
Revenue From Operations / Share (Rs.)15.2517.9313.056.115.95
PBDIT / Share (Rs.)15.4121.1224.427.308.76
PBIT / Share (Rs.)14.8020.5023.926.868.50
PBT / Share (Rs.)14.7220.4523.826.558.25
Net Profit / Share (Rs.)22.76-26.7610.256.624.83
NP After MI And SOA / Share (Rs.)63.73135.2336.412.2114.92
PBDIT Margin (%)101.06117.75187.06119.36147.29
PBIT Margin (%)97.01114.34183.25112.19142.90
PBT Margin (%)96.49114.04182.46107.15138.81
Net Profit Margin (%)149.26-149.2378.48108.3181.27
NP After MI And SOA Margin (%)417.87754.15278.9136.10250.92
Return on Networth / Equity (%)6.9814.525.840.462.48
Return on Capital Employeed (%)1.471.983.511.341.32
Return On Assets (%)6.3413.065.270.422.30
Total Debt / Equity (X)0.000.000.010.010.00
Asset Turnover Ratio (%)0.010.030.020.010.01
Current Ratio (X)454.70255.6375.4361.3275.38
Quick Ratio (X)453.81253.3473.4858.9972.99
Dividend Payout Ratio (NP) (%)2.352.211.3767.970.00
Dividend Payout Ratio (CP) (%)2.332.201.3556.710.00
Earning Retention Ratio (%)97.6597.7998.6332.030.00
Cash Earning Retention Ratio (%)97.6797.8098.6543.290.00
Interest Coverage Ratio (X)194.49389.88235.0223.7035.97
Interest Coverage Ratio (Post Tax) (X)288.25-493.0899.6122.5020.85
Enterprise Value (Cr.)410.84986.43174.8868.52155.89
EV / Net Operating Revenue (X)16.0932.858.006.6915.65
EV / EBITDA (X)15.9227.894.285.6110.63
MarketCap / Net Operating Revenue (X)16.1633.038.097.1315.22
Retention Ratios (%)97.6497.7898.6232.020.00
Price / BV (X)0.270.630.160.090.15
Price / Net Operating Revenue (X)16.1633.038.097.1315.22
EarningsYield0.250.220.340.050.16

Nahar Capital & Financial Services Ltd Profitability Ratios (%)

Nahar Capital & Financial Services Ltd Liquidity Ratios

Nahar Capital & Financial Services Ltd Liquidity Ratios (%)

Nahar Capital & Financial Services Ltd Interest Coverage Ratios (%)

Nahar Capital & Financial Services Ltd Valuation Ratios

Fair Value

Fair Value: 211.38

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 26.60% compared to the current price 288

Intrinsic Value: 291.81

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 1.32% compared to the current price ₹288

Last 5 Year EPS CAGR: 38.05%

*Investments are subject to market risks

Strength and Weakness of Nahar Capital & Financial Services Ltd Stock

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of 0.00, which is a positive sign.
  2. The company has higher reserves (1,028.50 cr) compared to borrowings (7.20 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (28.50 cr) and profit (61.60 cr) over the years.
  1. The stock has a low average ROCE of 5.44%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 229.33, which may not be favorable.

Should I Buy Nahar Capital & Financial Services Ltd Share Now?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Nahar Capital & Financial Services Ltd:
    1. Net Profit Margin: 149.26%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 1.47% (Industry Average ROCE: 17.83%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 6.98% (Industry Average ROE: 364.58%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 288.25
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 453.81
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 40.9 (Industry average Stock P/E: 4.08)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.00
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

FAQ

What is the latest fair value of Nahar Capital & Financial Services Ltd?

The latest fair value of Nahar Capital & Financial Services Ltd is ₹211.38.

What is the Market Cap of Nahar Capital & Financial Services Ltd?

The Market Cap of Nahar Capital & Financial Services Ltd is 482 Cr..

What is the current Stock Price of Nahar Capital & Financial Services Ltd as on 13 June 2024?

The current stock price of Nahar Capital & Financial Services Ltd as on 13 June 2024 is ₹288.

What is the High / Low of Nahar Capital & Financial Services Ltd stocks in FY 2024?

In FY 2024, the High / Low of Nahar Capital & Financial Services Ltd stocks is 359/264.

What is the Stock P/E of Nahar Capital & Financial Services Ltd?

The Stock P/E of Nahar Capital & Financial Services Ltd is 40.9.

What is the Book Value of Nahar Capital & Financial Services Ltd?

The Book Value of Nahar Capital & Financial Services Ltd is 530.

What is the Dividend Yield of Nahar Capital & Financial Services Ltd?

The Dividend Yield of Nahar Capital & Financial Services Ltd is 0.53 %.

What is the ROCE of Nahar Capital & Financial Services Ltd?

The ROCE of Nahar Capital & Financial Services Ltd is 1.25 %.

What is the ROE of Nahar Capital & Financial Services Ltd?

The ROE of Nahar Capital & Financial Services Ltd is 0.97 %.

What is the Face Value of Nahar Capital & Financial Services Ltd?

The Face Value of Nahar Capital & Financial Services Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Nahar Capital & Financial Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE