MarketFriction

Nahar Spinning Mills Ltd

NSE NAHARSPING · BSE 500296 · Other Textile Products
₹255.50 -1.75%
NSE close2026-10-01
52 week range149.20 - 349.00
Market cap₹951 Cr.
P/E12.4
Price band 20% Delivery 73.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales728758815821776812876819779703917966
Expenses715739775768771774809761753688858839
Operating Profit131840535386658261559127
OPM %1.8%2.4%4.9%6%0.6%4.7%8%7%3.3%2.1%6%13%
Other Income31511621032459
Interest131622211815201711131319
Depreciation212324242424242323232224
Profit before tax-18-2009-2113221-7-172993
Tax %-1%-24%385%26%-19%42%31%24%-34%-24%20%25%
Net Profit-18-15-07-1712216-5-132370
EPS in Rs-4.99-4.21-0.101.84-4.840.216.214.42-1.29-3.586.4919.36
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,0292,1322,1332,3052,0832,1123,5942,7973,0503,2853,2183,365
Expenses1,8041,9442,0402,0702,0191,9142,7832,5852,9513,1243,0563,138
Operating Profit225188942366419881121299161162227
OPM %11%9%4.4%10%3.1%9%23%8%3.2%4.9%5%7%
Other Income1822912671444-1341520
Interest634755606769753370796056
Depreciation1019694848282757388959193
Profit before tax7968-46104-7854675150-61212698
Tax %36%32%-30%37%-32%23%26%26%-17%42%16%
Net Profit5146-3265-5341502111-51122276
EPS in Rs14.0912.73-8.9118.04-14.7011.47139.1130.69-14.153.426.0420.98
Dividend Payout %11%12%-6%6%0%13%3%5%-7%29%17%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%9%5%2%
Compounded Profit Growth-9%-14%-44%208%
Stock Price CAGR9%-9%0%27%
Return on Equity6%8%0%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital181818181818181818181818
Reserves7427938388008598018801,5831,5361,4631,4711,494
Borrowings1,0781,0157389968879241,0741,0137301,1511,101983
Other Liabilities165144161170145162230338230257160198
Total Liabilities2,0031,9701,7561,9851,9081,9062,2022,9512,5142,8892,7502,693
Fixed Assets867813770709747756724752838918864816
CWIP2013613728211013532
Investments9272825222261306163134139146
Other Assets1,1061,1299551,2451,1261,1211,3891,8721,4121,8351,7411,699
Total Assets2,0031,9701,7561,9851,9081,9062,2022,9512,5142,8892,7502,693
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity134163382-24025061-85261609-39593190
Cash from Investing Activity-89-58-61-19-128-78-53-161-257-4914-85
Cash from Financing Activity-44-121-120-122-12320136-99-303393-76-136
Net Cash Flow1-17201-382-13-3249-5132-31
Free Cash Flow31109339-275122-22-155169373-48051122
CFO/OP63%85%216%-256%119%96%-38%53%309%-394%57%112%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days656552594948535341516958
Inventory Days163205140195164175207198155194141143
Days Payable9111418779419547
Cash Conversion Cycle219258178236205215251247177240205194
Working Capital Days354230212128466472707077
ROCE %5%8%7%0%9%-1%7%33%7%1%4%3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters66.61%66.71%67.03%67.07%67.07%67.07%67.42%67.42%67.42%67.42%67.96%68.02%
FIIs0.25%0.22%0.14%0.11%0.11%0.12%0.00%0.08%0.09%0.00%0.08%0.00%
DIIs0.56%0.59%0.59%0.59%0.74%0.74%0.59%0.59%0.59%0.59%0.02%0.02%
Public32.58%32.48%32.24%32.24%32.09%32.06%31.96%31.90%31.89%31.98%31.93%31.95%
No. of Shareholders31,73031,41631,83930,81330,22529,45729,13128,86228,69027,73427,07126,127

Fundamentals

Market Cap₹ 951 Cr.
Current Price₹ 262
Stock P/E12.4
Book Value₹ 419
ROCE3.26 %
ROE1.24 %
Dividend Yield0.38 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)208%
Standalone figures.
Valuation
Market capRs 923 Cr
Enterprise valueRs 1,904 Cr
P/E (TTM)12.18x
Price to book0.61x
Price to sales0.27x
EV / EBITDA7.71x
EV / EBIT12.35x
EV / sales0.57x
Price to cash flow4.86x
Earnings yield8.21%
Dividend yield0.39%
P/E, 3-year average46.91x
P/B, 3-year average0.55x
P/E, 5-year average26.34x
P/B, 5-year average0.67x
Profitability
Operating margin (excl. other income)5.03%
Operating margin (incl. other income)5.50%
EBITDA margin7.34%
Pre-tax margin2.92%
Net profit margin2.25%
Net margin, latest quarter7.23%
ROE1.45%
ROCE3.37%
ROA0.80%
ROE, 3-year average-0.36%
ROCE, 3-year average2.52%
ROA, 3-year average-0.22%
ROE, 5-year average9.23%
ROCE, 5-year average9.55%
ROA, 5-year average4.58%
ROIC (approx.)5.18%
Tax rate16.21%
Other income / net worth1.00%
Growth
Sales growth (latest year)-2.03%
Profit growth (latest year)76.68%
Sales CAGR, 3 years4.79%
Sales CAGR, 5 years8.79%
Profit CAGR, 3 years-41.82%
Profit CAGR, 5 years-12.03%
Sales growth QoQ5.38%
Profit growth QoQ198.38%
Sales growth YoY (latest quarter)17.92%
Profit growth YoY (latest quarter)337.84%
Per share
EPS (TTM)Rs 20.98
EPS (latest year)Rs 6.04
EPS (latest quarter)Rs 19.35
EPS, 3-year averageRs -1.56
EPS, 5-year averageRs 33.02
Book value per shareRs 418.80
Sales per shareRs 931.91
Cash flow per shareRs 52.56
Free cash flow per shareRs 33.79
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.60
Dividends
Dividend payout16.54%
Dividend payout, 3-year average22.89%
Dividend payout, 5-year average13.30%
Efficiency
Asset turnover1.19x
Fixed asset turnover3.94x
Inventory turnover3.07x
Inventory days119 days
Debtor days58 days
Debtors turnover6.29x
Creditor days7 days
Cash conversion cycle194 days
Working capital days77 days
Leverage
Total debtRs 983 Cr
Cash and bankRs 2 Cr
Net debtRs 981 Cr
Debt to equity0.65x
Net debt / EBITDA3.97x
Interest coverage2.76x
Current ratio (filing 2026-03-31)1.71x
Quick ratio (filing 2026-03-31)0.83x
Trade payables (filing 2026-03-31)Rs 41 Cr
Owners' fund to total sources56.15%
Debt to assets36.50%
Cash flow
Cash from Operating Activity (latest year)Rs 190 Cr
Cash from Investing Activity (latest year)Rs -85 Cr
Cash from Financing Activity (latest year)Rs -136 Cr
Net Cash Flow (latest year)Rs -31 Cr
Free cash flow (latest year)Rs 122 Cr
FCFE (approx.: FCF + change in debt)Rs 4 Cr
Cash from ops / profit, 5 years1.27x
Sales to cash flow16.96x
Statement figures
Net sales (TTM)Rs 3,365 Cr
Net sales (latest year)Rs 3,218 Cr
Sales (latest quarter)Rs 966 Cr
Operating profit excl. other income (latest year)Rs 162 Cr
Operating profit (latest quarter)Rs 127 Cr
Other income (TTM)Rs 20 Cr
EBITDA (TTM)Rs 247 Cr
PBDT (TTM)Rs 191 Cr
Profit before tax (TTM)Rs 98 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 76 Cr
Net profit (latest year)Rs 22 Cr
Net profit (latest quarter)Rs 70 Cr
Depreciation (TTM)Rs 93 Cr
Depreciation (latest quarter)Rs 24 Cr
Interest (TTM)Rs 56 Cr
Cost of goods sold (latest year)Rs 2,592 Cr
Total expenditure (latest year)Rs 3,056 Cr
Total income (latest year)Rs 3,233 Cr
Share capitalRs 18 Cr
ReservesRs 1,494 Cr
Shareholders' fundsRs 1,512 Cr
Total assetsRs 2,693 Cr
Net blockRs 816 Cr
Capital work in progressRs 32 Cr
InvestmentsRs 146 Cr
ReceivablesRs 512 Cr
InventoryRs 845 Cr
Other liabilitiesRs 198 Cr
Shares outstanding (crore)3.61
Ownership
Promoter holding68.02% (+0.60 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 12.2 is at the 62th percentile of its own 6.5-year range (median 9.2, low 1.4, high 85.6).
P/B 0.61 is at the 58th percentile (median 0.52).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNAHARSPINGNifty 50Difference
1 week-5.6%-2.8% -2.8 pts
1 month-14.7%-6.8% -7.9 pts
3 months-3.9%-7.6% +3.7 pts
6 months+27.8%+0.4% +27.4 pts
1 year+19.5%-9.9% +29.4 pts
2 years-12.9%-13.6% +0.7 pts
3 years-3.7%+14.2% -17.9 pts
5 years-42.6%+27.9% -70.5 pts

Red flags

F-score 8 of 8
explainLow interest cover Interest cover 1.4x in 2026
lookProfit leans on other income Other income was 58% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹966 Cr +17.9% vs Jun 2025. Net profit ₹70 Cr +337.5%.
Against our estimate for Jun 2026: sales +23.3%, profit +1262.7% big beat. Our estimate for Sep 2026: sales Rs 867 Cr, profit Rs 8 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-04Dividend - Re 1 Per Share
2025-09-04Dividend - Re 1 Per Share
2024-09-06Dividend - Re 1 Per Share
2023-09-08Dividend - Rs 1.50 Per Share
2022-08-11Dividend - Rs 2 Per Share
2021-11-16 Interim Dividend - Rs 1.50 Per Share
2021-09-16 Dividend - Rs 1.50 Per Share
2019-09-12 Dividend - Rs 1 Per Share
2018-09-10 Dividend Re 0.50 Per Share
2017-08-31 Dividend - Rs 1.50 Per Share
2016-09-08 Dividend - Rs 1.50 Per Share
2015-09-10 Dividend - Re 1/- Per Share
2014-09-11Dividend Re 1 Per Share
2013-09-19Dividend - Re 1/- Per Share
2012-08-22Annual General Meeting
2011-09-08Dividend-Rs.2/- Per Share
2010-09-16Dividend-Rs.1.50 Per Share
2009-09-18Dividend-Re.0.50 Pr Share
2008-09-18Agm/Dividend - 30%
2007-09-19Dividend-50%
DateTypeWhat it says
2026-09-26Shareholder meetingVoting results.
2026-09-25Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-09-25Director changeChange in Director(s) of the company.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-03UpdatesDemat Report for the month of August 2026.
2026-09-02UpdatesLetters sent to shareholders under Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015.
2026-08-27Credit RatingCredit Rating
2026-08-25Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-25Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-05Director changeChange in Director(s) of the company.
2026-08-05Record DateRecord date for the purpose of Dividend is 04-Sep-2026.
2026-08-05Board meeting outcomeNahar Spinning Mills Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-03UpdatesDEMAT REPPORT FOR THE MONTH OF JULY,2026.
2026-07-03Disclosure under SEBI TakeovSankheshwar Holding Company Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of Indi...
2026-07-02UpdatesDemat Report For the Month of June,2026.
2026-06-18UpdatesIntimation sent to shareholders holding shares in physical form with respect to mandatory furnishing of PAN, KYC details etc.
2026-06-02UpdatesDemat report for the month of May, 2026 is enclosed.
2026-05-28DividendBoard of Directors at its meeting held on May 28, 2026, recommended Final Dividend of Re. 1 per equity share.
2026-05-28Board meeting outcomeNahar Spinning Mills Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-02UpdatesDemat Report for the month of April, 2026 is enclosed.
2026-05-02UpdatesDemat Report for the month of April, 2026.
2026-04-22Disclosure under SEBI TakeovSankheshwar Holding Company Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of ...
2026-04-02UpdatesDemat Report March, 2026.
2026-03-05UpdatesDemat report for the month of February, 2026.
2026-02-07Board meeting outcomeNahar Spinning Mills Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Nahar Spinning Mills Ltd?

Nahar Spinning Mills Ltd (NAHARSPING) has a market capitalisation of Rs 951 Cr. at the 2026-10-01 close.

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

Nahar Spinning Mills Ltd trades at a P/E of 12.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Nahar Spinning Mills Ltd's latest quarterly results?

In the Jun 2026 quarter, Nahar Spinning Mills Ltd sales was Rs 966 Cr (+17.9% vs Jun 2025) and net profit was Rs 70 Cr.

What is the 52-week high and low of Nahar Spinning Mills Ltd?

The 52-week high is Rs 349.00 and the 52-week low is Rs 149.20.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03