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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Nahar Spinning Mills Ltd

About the Company - Nahar Spinning Mills Ltd

Nahar Spinning Mills Ltd. is a Public Limited Listed company incorporated on 16/12/1980 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L17115PB1980PLC004341 and registration number is 004341. Currently company belongs to the Industry of Textiles - Hosiery/Knitwear. Company’s Total Operating Revenue is Rs. 3593.86 Cr. and Equity Capital is Rs. 18.05 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Hosiery/Knitwear373, Industrial Area A, Ludhiana Punjab 141003secnsm@owmnahar.com
http://www.owmnahar.com
Management
NamePosition Held
Mr. Jawahar Lal OswalChairman
Mr. Dinesh OswalManaging Director
Mr. Dinesh GognaDirector
Mr. Satish Kumar SharmaDirector
Mr. Kamal OswalDirector
Dr. Roshan Lal BehlIndependent Director
Dr. Manisha GuptaIndependent Director
Dr. Vijay AsdhirIndependent Director
Dr. Yash Paul SachdevaIndependent Director
Dr. Anchal Kumar JainIndependent Director

Basic Stock Data of Nahar Spinning Mills Ltd

Last Updated: June 19, 2024, 2:32 pm

Market Cap 981 Cr.
Current Price 272
High / Low362/225
Stock P/E
Book Value 410
Dividend Yield0.55 %
ROCE0.43 %
ROE2.98 %
Face Value 5.00
PEG Ratio0.00

Competitors of Nahar Spinning Mills Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Amit International Ltd 7.01 Cr. 3.706.09/2.35100 10.40.00 %0.46 %0.36 % 10.0
Addi Industries Ltd 55.8 Cr. 51.770.7/29.312.0 71.72.42 %8.38 %6.17 % 5.00
T T Ltd (TTL) 227 Cr. 105128/71.049.0 33.40.00 %7.90 %6.67 % 10.0
Pioneer Embroideries Ltd 146 Cr. 49.467.0/36.641.0 49.40.00 %5.60 %2.59 % 10.0
Alan Scott Industries Ltd 22.9 Cr. 64.3119/38.3 9.080.00 %32.1 %156 % 10.0
Industry Average435.45 Cr90.8538.6249.000.59%10.76%29.93%7.67

Nahar Spinning Mills Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales6357277388431,017996862657554724749728758
Expenses571604568630775817750595551690738715739
Operating Profit6412317021324217911261434111318
OPM %10%17%23%25%24%18%13%9%1%5%1%2%2%
Other Income221462111668231
Interest1516181417199768151316
Depreciation21202020181717171820202123
Profit before tax31881341822131469753-1415-23-18-20
Tax %34%28%25%25%26%26%26%25%23%33%24%1%24%
Net Profit20631001371581077240-1110-18-18-15
EPS in Rs5.6017.5727.8037.8343.7829.7020.0111.01-3.052.71-4.85-4.99-4.21

Last Updated: April 10, 2024, 4:19 am

Nahar Spinning Mills Ltd Quarterly Chart

Nahar Spinning Mills Ltd Profit & Loss

Last Updated: June 2, 2024, 12:15 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,6951,9602,2032,1492,0292,1322,1332,3052,0832,1123,5942,7972,958
Expenses1,6791,6381,8461,9291,8041,9442,0402,0702,0191,9142,7832,5812,882
Operating Profit16322357220225188942366419881121676
OPM %1%16%16%10%11%9%4%10%3%9%23%8%3%
Other Income98712182291267144014
Interest1141097186634755606769753353
Depreciation8488881311019694848282757384
Profit before tax-173134204157968-46104-7854675150-47
Tax %32%42%29%-37%36%32%30%37%32%23%26%26%
Net Profit-11778146205146-3265-5341502111-41
EPS in Rs-32.5121.7140.375.6414.0912.73-8.9118.04-14.7011.47139.1130.69-11.34
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:3%
5 Years:6%
3 Years:13%
TTM:9%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-141%
Stock Price CAGR
10 Years:6%
5 Years:32%
3 Years:12%
1 Year:-2%
Return on Equity
10 Years:7%
5 Years:9%
3 Years:13%
Last Year:-3%

Last Updated: June 16, 2024, 5:02 pm

Nahar Spinning Mills Ltd Balance Sheet

Last Updated: June 2, 2024, 12:15 am

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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters66.31%66.31%66.31%66.31%66.31%66.31%66.31%66.44%66.44%66.61%66.71%67.03%
FIIs0.06%0.30%0.49%0.56%0.73%0.44%0.38%0.35%0.27%0.25%0.22%0.14%
DIIs0.01%0.56%0.56%0.56%0.56%0.56%0.56%0.56%0.56%0.56%0.59%0.59%
Government0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public33.61%32.82%32.64%32.57%32.40%32.69%32.75%32.63%32.72%32.58%32.48%32.24%
No. of Shareholders25,95926,74526,88928,27831,00232,73532,70532,41732,15531,73031,41631,839

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)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund206,5660.066.36206,5662024-06-130%

Nahar Spinning Mills Ltd ROCE Trend

Nahar Spinning Mills Ltd EPS Trend

Nahar Spinning Mills Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)-13.8432.24139.5011.33-14.41
Diluted EPS (Rs.)-13.8432.24139.5011.33-14.41
Cash EPS (Rs.)10.3650.78159.9834.197.92
Book Value[Excl.RevalReserv]/Share (Rs.)410.23430.37443.29248.69226.87
Book Value[Incl.RevalReserv]/Share (Rs.)410.23430.37443.29248.69226.87
Dividend / Share (Rs.)1.001.503.501.500.00
Revenue From Operations / Share (Rs.)844.73774.63995.36584.90576.83
PBDIT / Share (Rs.)25.8371.21226.8255.6218.57
PBIT / Share (Rs.)1.3251.12205.9232.90-4.04
PBT / Share (Rs.)-17.0041.64186.8714.83-21.62
Net Profit / Share (Rs.)-14.1530.68139.0911.47-14.70
PBDIT Margin (%)3.059.1922.789.503.21
PBIT Margin (%)0.156.5920.685.62-0.69
PBT Margin (%)-2.015.3718.772.53-3.74
Net Profit Margin (%)-1.673.9613.971.96-2.54
Return on Networth / Equity (%)-3.447.1231.374.61-6.47
Return on Capital Employeed (%)0.2710.1840.9710.68-1.46
Return On Assets (%)-1.764.4017.011.88-2.78
Long Term Debt / Equity (X)0.140.140.090.210.20
Total Debt / Equity (X)0.770.460.631.171.10
Asset Turnover Ratio (%)1.131.021.391.031.09
Current Ratio (X)1.501.891.561.241.18
Quick Ratio (X)0.540.750.630.560.46
Inventory Turnover Ratio (X)2.241.982.391.902.05
Dividend Payout Ratio (NP) (%)0.006.512.150.000.00
Dividend Payout Ratio (CP) (%)0.003.931.870.000.00
Earning Retention Ratio (%)0.0093.4997.850.000.00
Cash Earning Retention Ratio (%)0.0096.0798.130.000.00
Interest Coverage Ratio (X)1.418.6012.003.081.07
Interest Coverage Ratio (Post Tax) (X)0.224.858.371.630.16
Enterprise Value (Cr.)2112.791544.832851.441421.35986.73
EV / Net Operating Revenue (X)0.690.550.790.670.47
EV / EBITDA (X)22.666.013.487.0814.71
MarketCap / Net Operating Revenue (X)0.310.310.510.170.04
Retention Ratios (%)0.0093.4897.840.000.00
Price / BV (X)0.650.551.150.410.11
Price / Net Operating Revenue (X)0.310.310.510.170.04
EarningsYield-0.050.120.270.11-0.56

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

Fair Value: 184.28

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: 32.25% compared to the current price 272

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 247.38

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.

Overvalued: 9.05% compared to the current price ₹272

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 34.24%

*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 (87.62 cr) over the years.
  1. The stock has a low average ROCE of 8.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 152.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 226.25, which may not be favorable.
  4. The company has higher borrowings (981.23) compared to reserves (939.92), which may suggest financial risk.

FAQ

What is the latest fair value of Nahar Spinning Mills Ltd?

The latest fair value of Nahar Spinning Mills Ltd is ₹184.28.

What is the Market Cap of Nahar Spinning Mills Ltd?

The Market Cap of Nahar Spinning Mills Ltd is 981 Cr..

What is the current Stock Price of Nahar Spinning Mills Ltd as on 19 June 2024?

The current stock price of Nahar Spinning Mills Ltd as on 19 June 2024 is ₹272.

What is the High / Low of Nahar Spinning Mills Ltd stocks in FY 2024?

In FY 2024, the High / Low of Nahar Spinning Mills Ltd stocks is 362/225.

What is the Stock P/E of Nahar Spinning Mills Ltd?

The Stock P/E of Nahar Spinning Mills Ltd is .

What is the Book Value of Nahar Spinning Mills Ltd?

The Book Value of Nahar Spinning Mills Ltd is 410.

What is the Dividend Yield of Nahar Spinning Mills Ltd?

The Dividend Yield of Nahar Spinning Mills Ltd is 0.55 %.

What is the ROCE of Nahar Spinning Mills Ltd?

The ROCE of Nahar Spinning Mills Ltd is 0.43 %.

What is the ROE of Nahar Spinning Mills Ltd?

The ROE of Nahar Spinning Mills Ltd is 2.98 %.

What is the Face Value of Nahar Spinning Mills Ltd?

The Face Value of Nahar Spinning Mills 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 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