Nahar Spinning Mills Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹54.65Overvalued by 80.27%vs CMP ₹277.00

P/E (13.1) × ROE (1.2%) × BV (₹419.00) × DY (0.36%)

₹209.34Overvalued by 24.43%vs CMP ₹277.00

MoS: -32.3% (Negative)Confidence: 43/100 (Low)Models: 3 Under, 1 Fair, 4 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹28.90	27%	Over (-89.6%)
Graham Number	Earnings	₹233.03	19%	Over (-15.9%)
Net Asset Value	Assets	₹418.41	9%	Under (+51.1%)
EV/EBITDA	Enterprise	₹294.71	11%	Fair (+6.4%)
Dividend Discount	Dividends	₹15.30	11%	Over (-94.5%)
Earnings Yield	Earnings	₹57.60	9%	Over (-79.2%)
ROCE Capital	Returns	₹614.48	9%	Under (+121.8%)
Revenue Multiple	Revenue	₹454.52	6%	Under (+64.1%)
Consensus (8 models)		₹209.34	100%	Overvalued

Key Drivers: EPS CAGR -47.1% drags value — could be higher if earnings stabilize. | ROE 1.2% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -47.1%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 24 September 2026, 3:06 am +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹3,285.00 Cr, versus ₹3,050.00 Cr in Mar 2024 (7.7% year on year). Net profit for Mar 2025 was ₹12.00 Cr, versus ₹-51.00 Cr in Mar 2024 (a return to profit). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹93.00 Cr against net profit of ₹12.00 Cr. Cash flow covered 7.75 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹983.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

Nahar Spinning Mills Ltd scores 52/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health54/100 · Moderate

ROCE 3.3% WeakROE 1.2% WeakD/E 0.73 ModerateInterest Coverage 2.6x AdequateProfitable 4/5 available years Reported history

Smart Money40/100 · Moderate

FII holding stable No changeDII holding down 0.57% MF sellingPromoter holding at 68.0% Stable

Earnings Quality65/100 · Strong

CFO/NP ratio: 4.26x Cash-backed earningsOPM contracting (16% → 4%) Declining

Quarterly Momentum50/100 · Moderate

Revenue (4Q): -1% YoY Flat

Industry Rank35/100 · Weak

P/E 13.1 vs industry 75.6 Lower P/EROCE 3.3% vs industry 6.2% Below peersROE 1.2% vs industry 7.7% Below peers3Y sales CAGR: -3% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 24, 2026, 3:06 am

Market Cap	1,001 Cr.
Current Price	277
Intrinsic Value	₹209.34
High / Low	350/149
Stock P/E	13.1
Book Value	419
Dividend Yield	0.36 %
ROCE	3.26 %
ROE	1.24 %
Face Value	5.00
PEG Ratio	-0.28

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Nahar Spinning Mills Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Nahar Spinning Mills Ltd	1,001 Cr.	277	350/149	13.1	419	0.36 %	3.26 %	1.24 %	5.00
Rupa & Company Ltd	1,118 Cr.	141	210/109	14.3	134	2.13 %	9.59 %	7.36 %	1.00
Dollar Industries Ltd	1,553 Cr.	274	396/220	14.0	169	1.09 %	13.6 %	11.5 %	2.00
T T Ltd (TTL)	188 Cr.	7.26	11.2/5.19	354	4.84	0.69 %	5.82 %	0.07 %	1.00
Alan Scott Industries Ltd	181 Cr.	271	368/187		16.8	0.00 %	14.1 %	45.8 %	10.0
Industry Average	698.50 Cr	107.29		75.63	88.85	0.46%	6.16%	7.70%	4.60

All Competitor Stocks of Nahar Spinning Mills Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	554	724	749	728	758	815	821	776	812	876	819	779	703
Expenses	551	690	740	715	739	775	768	771	774	809	761	753	688
Operating Profit	4	34	9	13	18	40	53	5	38	66	58	26	15
OPM %	1%	5%	1%	2%	2%	5%	6%	1%	5%	8%	7%	3%	2%
Other Income	6	8	3	3	1	5	1	16	2	10	3	2	4
Interest	6	8	15	13	16	22	21	18	15	20	17	11	13
Depreciation	18	20	20	21	23	24	24	24	24	24	23	23	23
Profit before tax	-14	15	-23	-18	-20	0	9	-21	1	32	21	-7	-17
Tax %	-23%	33%	-24%	-1%	-24%	385%	26%	-19%	42%	31%	24%	-34%	-24%
Net Profit	-11	10	-18	-18	-15	-0	7	-17	1	22	16	-5	-13
EPS in Rs	-3.05	2.71	-4.85	-4.99	-4.21	-0.10	1.84	-4.84	0.21	6.21	4.42	-1.29	-3.58

Last Updated: March 3, 2026, 6:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 4:16 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,203	2,149	2,029	2,132	2,133	2,305	2,083	2,112	3,594	2,797	3,050	3,285	3,177
Expenses	1,846	1,929	1,804	1,944	2,040	2,070	2,019	1,914	2,783	2,585	2,951	3,124	3,012
Operating Profit	357	220	225	188	94	236	64	198	811	212	99	161	165
OPM %	16%	10%	11%	9%	4%	10%	3%	9%	23%	8%	3%	5%	5%
Other Income	7	12	18	22	9	12	6	7	14	44	-1	34	19
Interest	71	86	63	47	55	60	67	69	75	33	70	79	62
Depreciation	88	131	101	96	94	84	82	82	75	73	88	95	92
Profit before tax	204	15	79	68	-46	104	-78	54	675	150	-61	21	29
Tax %	29%	-37%	36%	32%	-30%	37%	-32%	23%	26%	26%	-17%	42%
Net Profit	146	20	51	46	-32	65	-53	41	502	111	-51	12	21
EPS in Rs	40.37	5.64	14.09	12.73	-8.91	18.04	-14.70	11.47	139.11	30.69	-14.15	3.42	5.76
Dividend Payout %	2%	18%	11%	12%	-6%	6%	0%	13%	3%	5%	-7%	29%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-86.30%	155.00%	-9.80%	-169.57%	303.12%	-181.54%	177.36%	1124.39%	-77.89%	-145.95%	123.53%
Change in YoY Net Profit Growth (%)	0.00%	241.30%	-164.80%	-159.76%	472.69%	-484.66%	358.90%	947.03%	-1202.28%	-68.06%	269.48%

Nahar Spinning Mills Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	4%
5 Years:	10%
3 Years:	-3%
TTM:	5%

Compounded Profit Growth
10 Years:	-2%
5 Years:	18%
3 Years:	-69%
TTM:	208%

Stock Price CAGR
10 Years:	8%
5 Years:	42%
3 Years:	-15%
1 Year:	-34%

Return on Equity
10 Years:	6%
5 Years:	9%
3 Years:	2%
Last Year:	1%

Last Updated: September 5, 2025, 11:30 am

Balance Sheet

Last Updated: July 8, 2026, 6:00 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	18	18	18	18	18	18	18	18	18	18	18	18
Reserves	742	793	838	800	859	801	880	1,583	1,536	1,463	1,471	1,494
Borrowings	1,078	1,015	738	996	887	924	1,074	1,013	730	1,151	1,101	983
Other Liabilities	165	144	161	170	145	162	230	338	230	257	160	198
Total Liabilities	2,003	1,970	1,756	1,985	1,908	1,906	2,202	2,951	2,514	2,889	2,750	2,693
Fixed Assets	867	813	770	709	747	756	724	752	838	918	864	816
CWIP	20	1	3	6	13	7	28	21	101	3	5	32
Investments	9	27	28	25	22	22	61	306	163	134	139	146
Other Assets	1,106	1,129	955	1,245	1,126	1,121	1,389	1,872	1,412	1,835	1,741	1,699
Total Assets	2,003	1,970	1,756	1,985	1,908	1,906	2,202	2,951	2,514	2,889	2,750	2,693

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	134	163	382	-240	250	61	-85	261	609	-395	93	190
Cash from Investing Activity +	-89	-58	-61	-19	-128	-78	-53	-161	-257	-49	14	-85
Cash from Financing Activity +	-44	-121	-120	-122	-123	20	136	-99	-303	393	-76	-136
Net Cash Flow	1	-17	201	-382	-1	3	-3	2	49	-51	32	-31
Free Cash Flow	31	109	339	-275	122	-22	-155	169	373	-480	51	122
CFO/OP	63%	85%	216%	-256%	119%	96%	-38%	53%	309%	-394%	57%	112%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	31.00	109.00	339.00	-275.00	122.00	-22.00	-155.00	169.00	373.00	-480.00	51.00	122.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	68	65	65	52	59	49	48	53	53	41	51	69
Inventory Days	180	163	205	140	195	164	175	207	198	155	194	141
Days Payable	16	9	11	14	18	7	7	9	4	19	5	4
Cash Conversion Cycle	232	219	258	178	236	205	215	251	247	177	240	205
Working Capital Days	26	35	42	30	21	21	28	46	64	72	70	70
ROCE %	15%	5%	8%	7%	0%	9%	-1%	7%	33%	7%	1%	4%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	66.61%	66.71%	67.03%	67.07%	67.07%	67.07%	67.42%	67.42%	67.42%	67.42%	67.96%	68.02%
FIIs	0.25%	0.22%	0.14%	0.11%	0.11%	0.12%	0.00%	0.08%	0.09%	0.00%	0.08%	0.00%
DIIs	0.56%	0.59%	0.59%	0.59%	0.74%	0.74%	0.59%	0.59%	0.59%	0.59%	0.02%	0.02%
Public	32.58%	32.48%	32.24%	32.24%	32.09%	32.06%	31.96%	31.90%	31.89%	31.98%	31.93%	31.95%
No. of Shareholders	31,730	31,416	31,839	30,813	30,225	29,457	29,131	28,862	28,690	27,734	27,071	26,127

Shareholding Pattern Chart

No. of Shareholders

Nahar Spinning Mills Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Quant Manufacturing Fund	206,566	0.58	4.03	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	3.09	-13.84	32.24	139.50	11.33
Diluted EPS (Rs.)	3.09	-13.84	32.24	139.50	11.33
Cash EPS (Rs.)	29.79	10.36	50.78	159.98	34.19
Book Value[Excl.RevalReserv]/Share (Rs.)	412.50	410.23	430.37	443.29	248.69
Book Value[Incl.RevalReserv]/Share (Rs.)	412.50	410.23	430.37	443.29	248.69
Dividend / Share (Rs.)	1.00	1.00	1.50	3.50	1.50
Revenue From Operations / Share (Rs.)	909.69	844.73	774.63	995.36	584.90
PBDIT / Share (Rs.)	52.77	27.45	71.21	226.82	55.62
PBIT / Share (Rs.)	26.40	2.94	51.12	205.92	32.90
PBT / Share (Rs.)	5.85	-17.00	41.64	186.87	14.83
Net Profit / Share (Rs.)	3.42	-14.15	30.68	139.09	11.47
PBDIT Margin (%)	5.80	3.24	9.19	22.78	9.50
PBIT Margin (%)	2.90	0.34	6.59	20.68	5.62
PBT Margin (%)	0.64	-2.01	5.37	18.77	2.53
Net Profit Margin (%)	0.37	-1.67	3.96	13.97	1.96
Return on Networth / Equity (%)	0.82	-3.44	7.12	31.37	4.61
Return on Capital Employeed (%)	5.57	0.61	10.18	40.97	10.68
Return On Assets (%)	0.44	-1.76	4.40	17.01	1.88
Long Term Debt / Equity (X)	0.12	0.14	0.14	0.09	0.21
Total Debt / Equity (X)	0.73	0.77	0.46	0.63	1.17
Asset Turnover Ratio (%)	1.16	1.13	1.02	1.39	1.03
Current Ratio (X)	1.64	1.50	1.89	1.56	1.24
Quick Ratio (X)	0.80	0.54	0.75	0.63	0.56
Inventory Turnover Ratio (X)	3.32	2.24	1.98	2.39	1.90
Dividend Payout Ratio (NP) (%)	29.19	-10.58	6.51	2.15	0.00
Dividend Payout Ratio (CP) (%)	3.35	14.46	3.93	1.87	0.00
Earning Retention Ratio (%)	70.81	110.58	93.49	97.85	0.00
Cash Earning Retention Ratio (%)	96.65	85.54	96.07	98.13	0.00
Interest Coverage Ratio (X)	2.57	1.50	8.60	12.00	3.08
Interest Coverage Ratio (Post Tax) (X)	1.17	0.31	4.85	8.37	1.63
Enterprise Value (Cr.)	1817.29	2112.79	1544.83	2851.44	1421.35
EV / Net Operating Revenue (X)	0.55	0.69	0.55	0.79	0.67
EV / EBITDA (X)	9.54	21.32	6.01	3.48	7.08
MarketCap / Net Operating Revenue (X)	0.22	0.31	0.31	0.51	0.17
Retention Ratios (%)	70.80	110.58	93.48	97.84	0.00
Price / BV (X)	0.50	0.65	0.55	1.15	0.41
Price / Net Operating Revenue (X)	0.22	0.31	0.31	0.51	0.17
EarningsYield	0.01	-0.05	0.12	0.27	0.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Nahar Spinning Mills Ltd and is it undervalued?

Nahar Spinning Mills Ltd: the stored intrinsic value estimate is ₹209.34, compared with a stored share price of ₹277.00. The model value is 24.4% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Nahar Spinning Mills Ltd?

The stored share price is ₹277.00. Price-data record updated: 24 September 2026, 3:06 am +05:30. This is not a live quote. The stored 52-week high / low is 350/149; this is a rolling range, not a financial-year range.

How have Nahar Spinning Mills Ltd's revenue and profit changed?

Does Nahar Spinning Mills Ltd's profit convert into cash?

What should I check in Nahar Spinning Mills Ltd's balance sheet?

Reported borrowings were ₹983.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Nahar Spinning Mills Ltd's P/E with other stocks?

The stored P/E is 13.10. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Nahar Spinning Mills Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.