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Nahar Spinning Mills Ltd

NAHARSPING

Nahar Spinning Mills Ltd

NAHARSPING
Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹856 cr, stock is ranked 1,517
High RiskStock is 3.44x as volatile as Nifty
237.400.00% (+0.00)
237.400.00% (+0.00)

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Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹856 cr, stock is ranked 1,517
High RiskStock is 3.44x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

Avg

Average profitability - not good, not bad

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

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Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹856 cr, stock is ranked 1,517
High RiskStock is 3.44x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
-32.440.580.42%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
37.566.540.75%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Nahar Spinning Mills Limited is a textile company. The Company's products include yarns and knitted garments.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 5.75%, vs industry avg of 2.95%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 1.62% to 1.79%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue2,047.122,154.122,142.192,317.852,089.982,118.833,608.372,841.223,065.573,197.27
Raw Materialssubtract1,129.601,292.001,350.281,426.011,310.421,327.252,145.731,830.652,145.413,058.45
Power & Fuel Costsubtract260.65252.93255.11256.97246.22245.77282.16233.55305.52
Employee Costsubtract196.74196.85204.48220.19229.51190.03267.51255.26291.52
Selling & Administrative Expensessubtract91.6990.9783.2076.3462.1272.22147.1684.9892.16
Operating & Other expensessubtract125.40111.29146.4790.67171.1378.57-59.04180.64133.68
Depreciation/Amortizationsubtract101.0795.8394.0783.6181.6482.0275.4572.5688.4894.57
Interest & Other Itemssubtract62.8446.5454.8859.9667.0069.4474.6733.2470.1976.76
Taxes & Other Itemssubtract28.2621.73-14.1238.98-25.0012.12172.5439.55-10.30-6.12
EPS14.0912.73-8.9118.04-14.7011.47139.0930.68-14.15-7.31
DPS1.501.500.501.000.001.503.501.501.001.00
Payout ratio0.110.120.060.000.130.030.05-0.14

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryTextiles

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Nahar Spinning Mills Ltd-16.760.580.42%
Vedant Fashions Ltd80.2820.760.62%
KPR Mill Ltd39.667.330.54%
Aditya Birla Real Estate Ltd555.906.860.20%

Price Comparison

Compare NAHARSPING with any stock or ETF
Compare NAHARSPING with any stock or ETF
NAHARSPING
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding67.07%0.58%0.15%0.11%32.08%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.27%0.25%0.22%0.14%0.11%0.11%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 1 Mutual Funds holding Nahar Spinning Mills Ltd


Funds (Top 1)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
quant Manufacturing Fund - Growth Option - Direct Plan

Growth
0.6457%0.54%-0.22%31/39 (-6)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 6, 2024

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 6, 2024

Cash Dividend

Ex DateEx DateSep 8, 2023

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Sep 8, 2023

Cash Dividend

Ex DateEx DateAug 11, 2022

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Aug 11, 2022

Cash Dividend

Ex DateEx DateNov 16, 2021

Interim
Interim | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Nov 16, 2021

Cash Dividend

Ex DateEx DateSep 16, 2021

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Sep 16, 2021

News & Opinions
Earnings
Nahar Spinning Mills reports standalone net loss of Rs 17.46 crore in the September 2024 quarter

Net Loss of Nahar Spinning Mills reported to Rs 17.46 crore in the quarter ended September 2024 as against net loss of Rs 18.00 crore during the previous quarter ended September 2023. Sales rose 6.61% to Rs 775.92 crore in the quarter ended September 2024 as against Rs 727.82 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales775.92727.82 7 OPM %0.581.76 - PBDT4.004.51 -11 PBT-20.13-16.81 -20 NP-17.46-18.00 3 Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Nahar Spinning Mills to hold board meeting

Nahar Spinning Mills will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Nahar Spinning Mills AGM scheduled

Nahar Spinning Mills announced that the 44th Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
Nahar Spinning Mills reports standalone net profit of Rs 6.64 crore in the June 2024 quarter

Net profit of Nahar Spinning Mills reported to Rs 6.64 crore in the quarter ended June 2024 as against net loss of Rs 17.51 crore during the previous quarter ended June 2023. Sales rose 9.61% to Rs 820.88 crore in the quarter ended June 2024 as against Rs 748.90 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales820.88748.90 10 OPM %6.241.22 - PBDT32.44-2.89 LP PBT8.93-23.11 LP NP6.64-17.51 LP Powered by Capital Market - Live

3 months agoCapital Market - Live

Nucleus Software Exports Ltd leads losers in ‘B’ group

3 months agoBusiness Standard
Corporate
Nahar Spinning Mills to conduct board meeting

Nahar Spinning Mills will hold a meeting of the Board of Directors of the Company on 12 August 2024Powered by Capital Market - Live

3 months agoCapital Market - Live

White Organic Retail Ltd leads losers in ‘B’ group

1 year agoBusiness Standard

Nahar Spinning Mills reports standalone net loss of Rs 11.02 crore in the December 2022 quarter

1 year agoBusiness Standard

Board of this multibagger stock fixes record date for dividend: Check details

2 years agoLivemint

Nahar Spinning Mills standalone net profit declines 27.99% in the June 2022 quarter

2 years agoBusiness Standard