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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Nahar Polyfilms Ltd

About the Company - Nahar Polyfilms Ltd

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.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton Blended'Nahar Tower', Ludhiana Punjab 141003secnel@owmnahar.com
https://www.naharpolyfilms.com
Management
NamePosition Held
Mr. Jawahar Lal OswalChairman
Mr. Sambhav OswalManaging Director
Mr. Satish Kumar SharmaExecutive Director
Mr. Kamal OswalDirector
Mr. Dinesh OswalDirector
Mr. Dinesh GognaDirector
Dr. Manisha GuptaIndependent Director
Dr. Prem Lata SinglaIndependent Director
Dr. Rakesh Kumar JindalIndependent Director
Dr. Roshan Lal BehlIndependent Director
Dr. Anchal Kumar JainIndependent Director
Dr. Rajan DhirIndependent Director

Nahar Poly Films Ltd. Share Price Update

Share PriceValue
Today₹213.65
Previous Day₹219.15

Basic Stock Data of Nahar Polyfilms Ltd

Market Cap 494 Cr.
Current Price 201
High / Low293/186
Stock P/E56.5
Book Value 327
Dividend Yield0.75 %
ROCE5.33 %
ROE5.08 %
Face Value 5.00

Data Source: screener.in

Competitors of Nahar Polyfilms Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Akshar Spintex Ltd 102 Cr. 3.417.08/3.2117.2 1.420.24 %3.66 %6.58 % 1.00
Shiva Texyarn Ltd 208 Cr. 160201/107 97.00.00 %%% 10.0
Lambodhara Textiles Ltd 175 Cr. 169241/13649.5 1050.44 %18.4 %17.4 % 5.00
Nagreeka Exports Ltd 115 Cr. 36.744.9/15.611.9 36.70.00 %3.82 %2.92 % 5.00
Padam Cotton Yarns Ltd 18.9 Cr. 48.857.0/13.6 12.20.00 %83.3 %61.6 % 10.0
Industry Average123.78 Cr83.5815.7250.460.14%21.84%17.70%6.20

Nahar Polyfilms Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales778191105104104175224190160149156137
Expenses616272848377125181175148137153121
Operating Profit1519192122265043161112316
OPM %20%24%21%20%21%25%29%19%8%7%8%2%12%
Other Income1110220031123
Interest0000002324333
Depreciation0000005888888
Profit before tax1620192124274332801-68
Tax %21%24%25%27%24%24%25%25%20%2,225%24%-2%8%
Net Profit16181618232532241314-212
EPS in Rs6.487.436.627.209.4410.0013.109.905.460.591.62-0.914.95

Nahar Polyfilms Ltd Quarterly Chart

Nahar Polyfilms Ltd Profit & Loss

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales302260255252266277303489723602
Expenses262215223232252235238370642559
Operating Profit394531201442661198243
OPM %13%17%12%8%5%15%22%24%11%7%
Other Income2223145457
Interest1385310031214
Depreciation2222221422263232
Profit before tax71776124468114424
Tax %46%36%-25%33%32%27%25%25%26%
Net Profit11151911123763984315
EPS in Rs4.516.107.664.664.9715.1625.4639.7417.576.25
Dividend Payout %0%8%7%11%10%7%6%6%9%

Nahar Polyfilms Ltd Profit & Loss Yearly Chart

Akshar Spintex Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:23%
3 Years:38%
TTM:-21%
Compounded Profit Growth
10 Years:%
5 Years:30%
3 Years:5%
TTM:-88%
Stock Price CAGR
10 Years:34%
5 Years:38%
3 Years:32%
1 Year:-7%
Return on Equity
10 Years:%
5 Years:9%
3 Years:10%
Last Year:5%

Nahar Polyfilms Ltd Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13131313131313131313
Reserves197210394444445378513900767790
Borrowings914530220458173163138
Other Liabilities91598111069583639
Total Liabilities3092824454874684046531,144979980
Fixed Assets89674532312928293269253
CWIP0000021172200
Investments157162338387387279366715568599
Other Assets63536267507587135142127
Total Assets3092824454874684046531,144979980

Nahar Polyfilms Ltd Reserves and Borrowings Chart

Nahar Polyfilms Ltd Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 242423184094-24110
Cash from Investing Activity -0-0-1-6-40-136-92-37
Cash from Financing Activity -24-23-22-11-142115-41
Net Cash Flow-0001-11-032

Nahar Polyfilms Ltd Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days383947482912142113
Inventory Days161630303037407534
Days Payable7712101111118118
Cash Conversion Cycle474864684839-658640
Working Capital Days433244644681167839
ROCE %9%3%2%3%10%14%14%5%

Nahar Polyfilms Ltd Financial Efficiency Indicators Chart

Nahar Polyfilms Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters70.29%70.29%70.29%70.39%70.54%70.65%70.65%70.72%70.85%70.85%71.05%71.08%
FIIs0.00%0.00%0.15%0.27%0.24%0.29%0.19%0.17%0.06%0.06%0.06%0.07%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Government0.02%0.02%0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public29.68%29.68%29.53%29.33%29.21%29.05%29.15%29.12%29.07%29.08%28.87%28.84%
No. of Shareholders19,92620,94123,83722,79723,97224,79426,23326,70526,55826,21725,61724,338

Nahar Polyfilms Ltd Shareholding Pattern Chart

No. of Nahar Polyfilms Ltd Shareholders

This stock is not held by any mutual fund

Nahar Polyfilms Ltd ROCE Trend

Nahar Polyfilms Ltd EPS Trend

Nahar Polyfilms Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)17.5739.7425.4715.164.97
Diluted EPS (Rs.)17.5739.7425.4715.164.97
Cash EPS (Rs.)25.1236.6321.0613.564.09
Book Value[Excl.RevalReserv]/Share (Rs.)309.82362.87208.77155.24181.76
Book Value[Incl.RevalReserv]/Share (Rs.)309.82362.87208.77155.24181.76
Revenue From Operations / Share (Rs.)287.49194.37120.64110.21105.63
PBDIT / Share (Rs.)34.4049.1927.9918.305.97
PBIT / Share (Rs.)21.5946.6327.2517.425.11
PBT / Share (Rs.)16.6745.4627.1117.314.74
Net Profit / Share (Rs.)12.3034.0720.3212.683.23
NP After MI And SOA / Share (Rs.)17.1738.8424.8914.824.86
PBDIT Margin (%)11.9625.3023.1916.605.65
PBIT Margin (%)7.5023.9922.5815.804.83
PBT Margin (%)5.7923.3822.4715.704.48
Net Profit Margin (%)4.2717.5216.8311.503.05
NP After MI And SOA Margin (%)5.9719.9820.6313.444.60
Return on Networth / Equity (%)5.5410.7011.929.542.67
Return on Capital Employeed (%)5.9410.7512.0611.202.81
Return On Assets (%)4.418.549.589.222.61
Long Term Debt / Equity (X)0.150.150.080.000.00
Total Debt / Equity (X)0.200.180.100.010.00
Asset Turnover Ratio (%)0.680.640.740.840.76
Current Ratio (X)2.172.450.995.524.30
Quick Ratio (X)1.411.300.744.042.69
Inventory Turnover Ratio (X)9.457.529.5210.4712.82
Dividend Payout Ratio (NP) (%)14.223.770.003.2910.05
Dividend Payout Ratio (CP) (%)8.143.540.003.118.54
Earning Retention Ratio (%)85.7896.230.0096.7189.95
Cash Earning Retention Ratio (%)91.8696.460.0096.8991.46
Interest Coverage Ratio (X)6.9942.04207.94161.9716.16
Interest Coverage Ratio (Post Tax) (X)3.5030.12151.93113.269.73
Enterprise Value (Cr.)706.961582.99332.8868.5493.35
EV / Net Operating Revenue (X)0.973.241.100.240.35
EV / EBITDA (X)8.1712.794.731.496.21
MarketCap / Net Operating Revenue (X)0.792.890.910.230.35
Retention Ratios (%)85.7796.220.0096.7089.94
Price / BV (X)0.731.550.530.160.20
Price / Net Operating Revenue (X)0.792.890.910.230.35
EarningsYield0.070.060.220.560.12

Nahar Polyfilms Ltd Profitability Ratios (%)

Nahar Polyfilms Ltd Liquidity Ratios

Nahar Polyfilms Ltd Liquidity Ratios (%)

Nahar Polyfilms Ltd Interest Coverage Ratios (%)

Nahar Polyfilms Ltd Valuation Ratios

Fair Value of Nahar Polyfilms Ltd Stock

Fair Value: ₹945.59

The stock is undervalued by 370.45% compared to the current price ₹201

*Investments are subject to market risks

Strength and Weakness of Nahar Polyfilms Ltd Stock

StrengthWeakness
  1. The company has higher reserves (503.80 cr) compared to borrowings (72.40 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (372.90 cr) and profit (32.10 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 23.60 and average Dividend Yield of 14.94%.
  2. The stock has a low average ROCE of 6.67%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 49.22, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 41.67, which may not be favorable.

Should I Buy Nahar Polyfilms Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Nahar Polyfilms Ltd:
    1. Net Profit Margin: 4.27%
      • 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: 5.94% (Industry Average ROCE: 6.77%)
      • 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. Interest Coverage Ratio (Post Tax): 3.50
      • 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.
    4. Quick Ratio: 1.41
      • 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.
    5. ✗ Stock P/E: 55.4 (Industry average Stock P/E: 17.02)
      • 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.
    6. ✓ Total Debt / Equity: 0.20
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Polyfilms 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