Nahar Polyfilms Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:08 am

Market Cap	717 Cr.
Current Price	292
High / Low	372/167
Stock P/E	33.4
Book Value	350
Dividend Yield	0.34 %
ROCE	0.34 %
ROE	0.38 %
Face Value	5.00
PEG Ratio	-1.41

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Hisar Spinning Mills Ltd	25.9 Cr.	69.2	84.0/40.0	11.5	62.4	0.00 %	12.5 %	9.50 %	10.0
Rudra Ecovation Ltd	601 Cr.	57.2	82.6/29.1	1,430	9.01	0.00 %	1.92 %	4.05 %	1.00
H P Cotton Textile Mills Ltd	50.3 Cr.	128	194/110		38.5	0.00 %	4.39 %	6.57 %	10.0
Gujarat Hy-Spin Ltd	33.1 Cr.	19.8	20.7/8.50	31.2	11.2	0.00 %	4.31 %	0.90 %	10.0
Gem Spinners India Ltd	57.4 Cr.	9.35	10.6/3.27		0.31	0.00 %	9.62 %	%	5.00
Industry Average	3,498.96 Cr	217.99		99.19	126.10	0.29%	32.92%	11.11%	7.40

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	105.36	104.37	103.74	175.47	224.43	190.30	159.64	148.82	156.20	137.01	153.62	153.10	167.78
Expenses	84.31	82.55	77.47	125.28	181.46	174.76	148.46	136.82	152.81	120.54	153.87	151.39	152.59
Operating Profit	21.05	21.82	26.27	50.19	42.97	15.54	11.18	12.00	3.39	16.47	-0.25	1.71	15.19
OPM %	19.98%	20.91%	25.32%	28.60%	19.15%	8.17%	7.00%	8.06%	2.17%	12.02%	-0.16%	1.12%	9.05%
Other Income	0.47	2.23	1.52	0.18	0.50	2.54	1.12	0.70	2.05	2.69	1.98	3.97	1.57
Interest	0.24	0.08	0.22	2.40	3.01	2.04	4.23	3.10	3.14	3.05	2.97	2.88	2.77
Depreciation	0.45	0.45	0.46	5.08	8.01	8.07	8.03	8.13	8.06	8.15	8.15	8.06	8.35
Profit before tax	20.83	23.52	27.11	42.89	32.45	7.97	0.04	1.47	-5.76	7.96	-9.39	-5.26	5.64
Tax %	27.12%	24.02%	24.46%	25.02%	25.08%	19.95%	2,225.00%	23.81%	1.56%	7.54%	-4.69%	-61.41%	29.26%
Net Profit	17.71	23.21	24.58	32.21	24.34	13.42	1.46	3.99	-2.23	12.18	-5.20	0.92	8.32
EPS in Rs	7.20	9.44	10.00	13.10	9.90	5.46	0.59	1.62	-0.91	4.95	-2.11	0.37	3.38

Last Updated: September 20, 2024, 4:35 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 20, 2024, 4:35 pm

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	302	260	255	252	266	277	303	489	723	600	612
Expenses	262	215	223	232	252	235	238	370	642	579	578
Operating Profit	39	45	31	20	14	42	66	119	82	21	33
OPM %	13%	17%	12%	8%	5%	15%	22%	24%	11%	4%	5%
Other Income	2	2	2	3	1	4	5	4	5	11	10
Interest	13	8	5	3	1	0	0	3	12	12	12
Depreciation	22	22	22	14	2	2	2	6	32	32	33
Profit before tax	7	17	7	6	12	44	68	114	42	-12	-1
Tax %	46%	36%	-25%	33%	32%	27%	25%	25%	26%	-24%
Net Profit	11	15	19	11	12	37	63	98	43	6	16
EPS in Rs	4.51	6.10	7.66	4.66	4.97	15.16	25.46	39.74	17.57	2.31	6.59
Dividend Payout %	0%	8%	7%	11%	10%	7%	6%	6%	9%	44%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	36.36%	26.67%	-42.11%	9.09%	208.33%	70.27%	55.56%	-56.12%	-86.05%
Change in YoY Net Profit Growth (%)	0.00%	-9.70%	-68.77%	51.20%	199.24%	-138.06%	-14.71%	-111.68%	-29.92%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2015-2016 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	18%
3 Years:	26%
TTM:	7%

Compounded Profit Growth
10 Years:	%
5 Years:	-25%
3 Years:	-64%
TTM:	39%

Stock Price CAGR
10 Years:	26%
5 Years:	56%
3 Years:	5%
1 Year:	29%

Return on Equity
10 Years:	%
5 Years:	8%
3 Years:	6%
Last Year:	0%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:00 pm

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	13	13	13	13	13	13	13	13	13	13	13
Reserves	197	210	394	444	445	378	513	900	767	786	847
Borrowings	91	45	30	22	0	4	58	173	163	126	111
Other Liabilities	9	15	9	8	11	10	69	58	36	34	51
Total Liabilities	309	282	445	487	468	404	653	1,144	979	959	1,022
Fixed Assets	89	67	45	32	31	29	28	293	269	237	224
CWIP	0	0	0	0	0	21	172	2	0	0	1
Investments	157	162	338	387	387	279	366	715	568	623	668
Other Assets	63	53	62	67	50	75	87	135	142	98	130
Total Assets	309	282	445	487	468	404	653	1,144	979	959	1,022

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	24	24	23	18	40	94	-24	110	17
Cash from Investing Activity +	-0	-0	-1	-6	-40	-136	-92	-37	-11
Cash from Financing Activity +	-24	-23	-22	-11	-1	42	115	-41	-38
Net Cash Flow	-0	0	0	1	-1	1	-0	32	-33

Free Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-52.00	0.00	1.00	-2.00	14.00	38.00	8.00	-54.00	-81.00	-105.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	38	39	47	48	29	12	14	21	13	15
Inventory Days	16	16	30	30	30	37	40	75	34	35
Days Payable	7	7	12	10	11	11	118	11	8	9
Cash Conversion Cycle	47	48	64	68	48	39	-65	86	40	42
Working Capital Days	43	32	44	64	46	81	16	78	39	38
ROCE %		9%	3%	2%	3%	10%	14%	14%	5%	-0%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	70.29%	70.39%	70.54%	70.65%	70.65%	70.72%	70.85%	70.85%	71.05%	71.08%	71.48%	71.88%
FIIs	0.15%	0.27%	0.24%	0.29%	0.19%	0.17%	0.06%	0.06%	0.06%	0.07%	0.06%	0.11%
DIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Government	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	29.53%	29.33%	29.21%	29.05%	29.15%	29.12%	29.07%	29.08%	28.87%	28.84%	28.45%	27.98%
No. of Shareholders	23,837	22,797	23,972	24,794	26,233	26,705	26,558	26,217	25,617	24,338	24,213	22,672

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	2.31	17.57	39.74	25.47	15.16
Diluted EPS (Rs.)	2.31	17.57	39.74	25.47	15.16
Cash EPS (Rs.)	9.12	25.12	36.63	21.06	13.56
Book Value[Excl.RevalReserv]/Share (Rs.)	317.58	309.82	362.87	208.77	155.24
Book Value[Incl.RevalReserv]/Share (Rs.)	317.58	309.82	362.87	208.77	155.24
Revenue From Operations / Share (Rs.)	238.49	287.49	194.37	120.64	110.21
PBDIT / Share (Rs.)	12.73	34.40	49.19	27.99	18.30
PBIT / Share (Rs.)	-0.16	21.59	46.63	27.25	17.42
PBT / Share (Rs.)	-4.95	16.67	45.46	27.11	17.31
Net Profit / Share (Rs.)	-3.77	12.30	34.07	20.32	12.68
NP After MI And SOA / Share (Rs.)	2.26	17.17	38.84	24.89	14.82
PBDIT Margin (%)	5.33	11.96	25.30	23.19	16.60
PBIT Margin (%)	-0.06	7.50	23.99	22.58	15.80
PBT Margin (%)	-2.07	5.79	23.38	22.47	15.70
Net Profit Margin (%)	-1.58	4.27	17.52	16.83	11.50
NP After MI And SOA Margin (%)	0.94	5.97	19.98	20.63	13.44
Return on Networth / Equity (%)	0.71	5.54	10.70	11.92	9.54
Return on Capital Employeed (%)	-0.04	5.94	10.75	12.06	11.20
Return On Assets (%)	0.59	4.41	8.54	9.58	9.22
Long Term Debt / Equity (X)	0.12	0.15	0.15	0.08	0.00
Total Debt / Equity (X)	0.15	0.20	0.18	0.10	0.01
Asset Turnover Ratio (%)	0.61	0.68	0.64	0.74	0.84
Current Ratio (X)	2.30	2.17	2.45	0.99	5.52
Quick Ratio (X)	1.39	1.41	1.30	0.74	4.04
Inventory Turnover Ratio (X)	9.75	9.45	7.52	9.52	10.47
Dividend Payout Ratio (NP) (%)	64.94	14.22	3.77	0.00	3.29
Dividend Payout Ratio (CP) (%)	9.67	8.14	3.54	0.00	3.11
Earning Retention Ratio (%)	35.06	85.78	96.23	0.00	96.71
Cash Earning Retention Ratio (%)	90.33	91.86	96.46	0.00	96.89
Interest Coverage Ratio (X)	2.66	6.99	42.04	207.94	161.97
Interest Coverage Ratio (Post Tax) (X)	0.21	3.50	30.12	151.93	113.26
Enterprise Value (Cr.)	576.41	706.96	1582.99	332.88	68.54
EV / Net Operating Revenue (X)	0.96	0.97	3.24	1.10	0.24
EV / EBITDA (X)	18.00	8.17	12.79	4.73	1.49
MarketCap / Net Operating Revenue (X)	0.75	0.79	2.89	0.91	0.23
Retention Ratios (%)	35.05	85.77	96.22	0.00	96.70
Price / BV (X)	0.56	0.73	1.55	0.53	0.16
Price / Net Operating Revenue (X)	0.75	0.79	2.89	0.91	0.23
EarningsYield	0.01	0.07	0.06	0.22	0.56

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 44.57

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.

As of December 22, 2024, is Overvalued by 84.74% compared to the current share price 292.00

Intrinsic Value of as of December 22, 2024 is: 34.01

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Overvalued by 88.35% compared to the current share price 292.00

Last 5 Year EPS CAGR: -23.69%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (534.64 cr) compared to borrowings (74.82 cr), indicating strong financial stability. The company has shown consistent growth in sales (394.45 cr) and profit (27.64 cr) over the years.	The stock has a low average ROCE of 6.00%, which may not be favorable. The stock has a high average Working Capital Days of 48.10, which may not be favorable. The stock has a high average Cash Conversion Cycle of 41.70, which may not be favorable.

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 :
1. Net Profit Margin: -1.58%
  - 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: -0.04% (Industry Average ROCE: 32.92%)
  - 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%: 0.71% (Industry Average ROE: 11.11%)
  - 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): 0.21
  - 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: 1.39
  - 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: 33.4 (Industry average Stock P/E: 99.19)
  - 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: 0.15
  - 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:

About the Company - Qualitative Analysis

Nahar Poly Films Ltd. is a Public Limited Listed company incorporated on 11/11/1988 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L17115PB1988PLC008820 and registration number is 008820. Currently company belongs to the Industry of Textiles - Spinning - Cotton Blended. Company’s Total Operating Revenue is Rs. 488.94 Cr. and Equity Capital is Rs. 12.58 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Textiles - Spinning - Cotton Blended	'Nahar Tower', 376, Industrial Area - A, Ludhiana Punjab 141003	secnel@owmnahar.com https://www.naharpolyfilms.com

Management
Name	Position Held
Mr. Jawahar Lal Oswal	Chairman
Mr. Sambhav Oswal	Managing Director
Mr. Satish Kumar Sharma	Executive Director
Mr. Kamal Oswal	Director
Mr. Dinesh Oswal	Director
Mr. Dinesh Gogna	Director
Dr. Manisha Gupta	Independent Director
Dr. Prem Lata Singla	Independent Director
Dr. Pankaj Goel	Independent Director
Dr. Roshan Lal Behl	Independent Director
Dr. Anchal Kumar Jain	Independent Director
Dr. Rajan Dhir	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹44.57, which is 84.74% lower than the current market price of ₹292.00. The stock has a market capitalization of 717 Cr. and recorded a high/low of 372/167 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹847 Cr and total liabilities of ₹1,022 Cr.

What is the Market Cap of ?

The Market Cap of is 717 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 292.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 372/167.

What is the Stock P/E of ?

The Stock P/E of is 33.4.

What is the Book Value of ?

The Book Value of is 350.

What is the Dividend Yield of ?

The Dividend Yield of is 0.34 %.

What is the ROCE of ?

The ROCE of is 0.34 %.

What is the ROE of ?

The ROE of is 0.38 %.

What is the Face Value of ?

The Face Value of is 5.00.