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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Nahar Spinning Mills Ltd

About the Company - Nahar Spinning Mills Ltd

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Basic Stock Data of Nahar Spinning Mills Ltd

Market Cap 1,108 Cr.
Current Price 307
High / Low362/214
Stock P/E
Book Value 422
Dividend Yield0.47 %
ROCE7.48 %
ROE7.01 %
Face Value 5.00

Data Source: screener.in

Competitors of Nahar Spinning Mills Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Pioneer Embroideries Ltd 135 Cr. 50.067.0/26.368.1 50.00.00 %2.76 %0.88 % 10.0
T T Ltd (TTL) 226 Cr. 105118/64.8 31.50.00 %3.11 %18.6 % 10.0
Addi Industries Ltd 65.6 Cr. 60.870.7/25.220.3 70.12.06 %4.62 %3.62 % 5.00
Rupa & Company Ltd 2,210 Cr. 278309/19734.3 1151.08 %7.56 %5.92 % 1.00
Amit International Ltd 9.45 Cr. 4.996.09/1.9026.3 10.30.00 %0.20 %0.15 % 10.0
Industry Average87.61 Cr99.7629.855.380.63%3.65%5.83%7.2

Nahar Spinning Mills Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales5416357277388431,017996862657554724749728
Expenses533571604568630775817750595551690738715
Operating Profit864123170213242179112614341113
OPM %1%10%17%23%25%24%18%13%9%1%5%1%2%
Other Income222146211166823
Interest1615161814171997681513
Depreciation20212020201817171718202021
Profit before tax-2631881341822131469753-1415-23-18
Tax %36%34%28%25%25%26%26%26%25%23%33%24%1%
Net Profit-1720631001371581077240-1110-18-18
EPS in Rs-4.655.6017.5727.8037.8343.7829.7020.0111.01-3.052.71-4.85-4.99

Nahar Spinning Mills Ltd Quarterly Chart

Nahar Spinning Mills Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,6951,9602,2032,1492,0292,1322,1332,3052,0832,1123,5942,7972,755
Expenses1,6791,6381,8461,9291,8041,9442,0402,0702,0191,9142,7832,5812,694
Operating Profit16322357220225188942366419881121661
OPM %1%16%16%10%11%9%4%10%3%9%23%8%2%
Other Income98712182291267144019
Interest1141097186634755606769753343
Depreciation8488881311019694848282757379
Profit before tax-173134204157968-46104-7854675150-41
Tax %32%42%29%-37%36%32%30%37%32%23%26%26%
Net Profit-11778146205146-3265-5341502111-37
EPS in Rs-32.5121.7140.375.6414.0912.73-8.9118.04-14.7011.47139.1130.69-10.18
Dividend Payout %0%5%2%18%11%12%-6%6%0%13%3%5%

Nahar Spinning Mills Ltd Profit & Loss Yearly Chart

Nahar Spinning Mills Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:6%
3 Years:10%
TTM:-4%
Compounded Profit Growth
10 Years:4%
5 Years:40%
3 Years:60%
TTM:-117%
Stock Price CAGR
10 Years:12%
5 Years:30%
3 Years:57%
1 Year:40%
Return on Equity
10 Years:10%
5 Years:12%
3 Years:18%
Last Year:7%

Nahar Spinning Mills Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital18181818181818181818181818
Reserves5316047457427938388008598018801,5831,5361,507
Borrowings1,2081,2271,1591,0781,0157389968879241,0741,013730707
Other Liabilities113166252165144161170145162230338230177
Total Liabilities1,8702,0152,1742,0031,9701,7561,9851,9081,9062,2022,9512,5142,409
Fixed Assets838802900867813770709747756724752838843
CWIP40386120136137282110160
Investments1412189272825222261306163165
Other Assets9791,1631,1951,1061,1299551,2451,1261,1211,3891,8721,4121,340
Total Assets1,8702,0152,1742,0031,9701,7561,9851,9081,9062,2022,9512,5142,409

Nahar Spinning Mills Ltd Reserves and Borrowings Chart

Nahar Spinning Mills Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 153134209134163382-24025061-85261609
Cash from Investing Activity -150-45-211-89-58-61-19-128-78-53-161-257
Cash from Financing Activity -2-88-3-44-121-120-122-12320136-99-303
Net Cash Flow11-51-17201-382-13-3249

Nahar Spinning Mills Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days826968656552594948535341
Inventory Days145224180163205140195164175207198155
Days Payable1211169111418779419
Cash Conversion Cycle215282232219258178236205215251247177
Working Capital Days162168143141158108161141156198151139
ROCE %-3%13%15%5%8%7%0%9%-1%7%33%7%

Nahar Spinning Mills Ltd Financial Efficiency Indicators Chart

Nahar Spinning Mills Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters65.70%66.31%66.31%66.31%66.31%66.31%66.31%66.31%66.31%66.44%66.44%66.61%
FIIs0.00%0.00%0.06%0.30%0.49%0.56%0.73%0.44%0.38%0.35%0.27%0.25%
DIIs0.02%0.02%0.01%0.56%0.56%0.56%0.56%0.56%0.56%0.56%0.56%0.56%
Government0.00%0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public34.28%33.66%33.61%32.82%32.64%32.57%32.40%32.69%32.75%32.63%32.72%32.58%
No. of Shareholders27,00326,59825,95926,74526,88928,27831,00232,73532,70532,41732,15531,730

Nahar Spinning Mills Ltd Shareholding Pattern Chart

No. of Nahar Spinning Mills Ltd Shareholders

Nahar Spinning Mills Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Quant Small Cap Fund2065660.066.36

Nahar Spinning Mills Ltd ROCE Trend

Nahar Spinning Mills Ltd EPS Trend

Nahar Spinning Mills Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)32.24139.5011.33-14.4118.22
Diluted EPS (Rs.)32.24139.5011.33-14.4118.22
Cash EPS (Rs.)50.78159.9834.197.9241.19
Book Value[Excl.RevalReserv]/Share (Rs.)430.37443.29248.69226.87242.88
Book Value[Incl.RevalReserv]/Share (Rs.)430.37443.29248.69226.87242.88
Dividend / Share (Rs.)1.503.501.500.001.00
Revenue From Operations / Share (Rs.)774.63995.36584.90576.83638.45
PBDIT / Share (Rs.)71.21226.8255.6218.5767.42
PBIT / Share (Rs.)51.12205.9232.90-4.0444.26
PBT / Share (Rs.)41.64186.8714.83-21.6228.83
Net Profit / Share (Rs.)30.68139.0911.47-14.7018.04
PBDIT Margin (%)9.1922.789.503.2110.56
PBIT Margin (%)6.5920.685.62-0.696.93
PBT Margin (%)5.3718.772.53-3.744.51
Net Profit Margin (%)3.9613.971.96-2.542.82
Return on Networth / Equity (%)7.1231.374.61-6.477.42
Return on Capital Employeed (%)10.1840.9710.68-1.4616.51
Return On Assets (%)4.4017.011.88-2.783.41
Long Term Debt / Equity (X)0.140.090.210.200.06
Total Debt / Equity (X)0.460.631.171.100.93
Asset Turnover Ratio (%)1.021.391.031.091.18
Current Ratio (X)1.891.561.241.181.14
Quick Ratio (X)0.750.630.560.460.47
Inventory Turnover Ratio (X)1.982.391.902.052.09
Dividend Payout Ratio (NP) (%)6.512.150.000.002.76
Dividend Payout Ratio (CP) (%)3.931.870.000.001.21
Earning Retention Ratio (%)93.4997.850.000.0097.24
Cash Earning Retention Ratio (%)96.0798.130.000.0098.79
Interest Coverage Ratio (X)8.6012.003.081.074.42
Interest Coverage Ratio (Post Tax) (X)4.858.371.630.162.19
Enterprise Value (Cr.)1544.832851.441421.35986.731149.61
EV / Net Operating Revenue (X)0.550.790.670.470.49
EV / EBITDA (X)6.013.487.0814.714.72
MarketCap / Net Operating Revenue (X)0.310.510.170.040.14
Retention Ratios (%)93.4897.840.000.0097.23
Price / BV (X)0.551.150.410.110.37
Price / Net Operating Revenue (X)0.310.510.170.040.14
EarningsYield0.120.270.11-0.560.19

Nahar Spinning Mills Ltd Profitability Ratios (%)

Nahar Spinning Mills Ltd Liquidity Ratios

Nahar Spinning Mills Ltd Liquidity Ratios (%)

Nahar Spinning Mills Ltd Interest Coverage Ratios (%)

Nahar Spinning Mills Ltd Valuation Ratios

Fair Value of Nahar Spinning Mills Ltd Stock

Fair Value: ₹445.82

The stock is undervalued by 45.22% compared to the current price ₹307

*Investments are subject to market risks

Strength and Weakness of Nahar Spinning Mills Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (1.92 cr) and profit (88.08 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 87.93 and average Dividend Yield of 7.83%.
  2. The stock has a low average ROCE of 8.33%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 152.17, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 226.25, which may not be favorable.
  5. The company has higher borrowings (981.23) compared to reserves (939.92), which may suggest financial risk.

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 Spinning Mills 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