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Nahar Poly Films Ltd (NAHARPOLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523391 NSE: NAHARPOLY Plastic Products | Small Cap | Nahar Poly Films Share Price

₹231 8.00 (3.59%)

As on 23-Sep'26 14:55

Nahar Poly Films Ltd (NAHARPOLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523391 NSE: NAHARPOLY Plastic Products | Small Cap | Nahar Poly Films Share Price

₹231 8.00 (3.59%)

As on 23-Sep'26 14:55

Key Metrics
Valuation Multiples
Market Cap
₹573 Cr.
Current Price
₹231
52-Week Low / High
₹201 / 340
TTM EPS
₹29.4
TTM Sales
₹667 Cr.
Book Value per Share
₹354.9
P/E Ratio
7.92
Lower than its 5-year historical median
Industry PE
36.7
Price to Book (P/B)
0.66
Lower than its 5-year historical median
Price to Sales (P/S)
0.86
Lower than its 5-year historical median
EV/EBITDA
5.42
Lower than its 5-year historical median
Dividend Yield
0.65%
Profitability Efficiency
Return on Equity (ROE)
8.07%
Outperforms industry median
Return on Capital Employed (ROCE)
10.69%
Outperforms industry median
Return on Assets (ROA)
6.91%
Operating Profit Margin
15.2%
Net Profit Margin
9.55%
Gross Profit Margin
17.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
5.75%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
40.66%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
90.22%
Asset Quality
Promoter Holding
72.51%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹860 Cr.
Equity
₹12.3 Cr.
Face Value
₹5
All Time Low / High
₹7.00 / 601.00

Nahar Poly Films stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Weak
Q.1 Is Nahar Poly Films Ltd a good quality company?
Nahar Poly Films Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Nahar Poly Films Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Nahar Poly Films Ltd vs industry peers?
Nahar Poly Films Ltd revenue CAGR is 18.33%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Nahar Poly Films Ltd?
Promoters hold 72.51% of the Nahar Poly Films Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Nahar Poly Films Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Nahar Poly Films Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 5.5%4.1%6.8%23.9%26.5%20.8%7.6%0.1%10.5%16.6%-
Value Creation
Index
-0.6-0.7-0.50.70.90.5-0.5-1.0-0.30.2-

Growth Parameters

Sales 255252266277303489723600666704667
Sales YoY Gr.--1.1%5.5%4.3%9.5%61.1%47.9%-17%11%5.8%-
Adj EPS 4.123.713.420.935.612.9-4.21427.424.2
YoY Gr.--50.9%83.5%263.8%56.2%70.6%-63.7%-132.7%NA96.4%-
BVPS (₹) 94.978.379.471.6114.3257195.1197.2195.4220.9223.5
Adj Net
Profit
104.9932.851.387.431.8-10.434.467.560
Cash Flow from Ops. 2322.216.840.194.2-23.711016.756.750.3-
Debt/CF from Ops. 1.3100.10.6-7.31.57.51.71.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 12%18.3%-0.9%5.8%
Adj EPS 23.6%5.7%28.5%96.4%
BVPS9.9%14.1%4.2%13.1%
Share Price 16.4% -2% -3.1% -21.3%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
5.12.34.717.722.419.15.7-2.27.113.210.9
Op. Profit
Mgn %
12.38.15.115.321.624.411.33.611.415.214.2
Net Profit
Mgn %
3.923.411.816.917.94.4-1.75.29.68.9
Debt to
Equity
0.10.1000.20.30.30.30.20.2-
Working Cap
Days
7286757996826163648335
Cash Conv.
Cycle
46595135-15113637353820

Valuation of Nahar Poly Films - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales255252266277303489723600666704
Operating Expenses + 223231252235238370642579590597
Manufacturing Costs25252425253556605355
Material Costs182189209190190302529458468468
Employee Cost 7788111520252832
Other Costs 9101111121737354142
Operating Profit 3120144266119822176107
Operating Profit Margin (%) 12.3%8.1%5.1%15.2%21.6%24.4%11.3%3.6%11.4%15.2%
Other Income + 2314545111824
Exceptional Items 0000000000
Interest 5310031212108
Depreciation 2214222632323332
Profit Before Tax 7612446811442-125191
Tax -22412172911-31623
Profit After Tax 94832518631-93567
PAT Margin (%) 3.6%1.6%3.1%11.5%16.8%17.5%4.3%-1.6%5.3%9.6%
Adjusted EPS (₹)7.74.75.015.225.539.717.62.319.332.1
Dividend Payout Ratio (%)6.50%10.70%10.10%6.60%5.90%6.30%8.50%43.30%5.20%4.70%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 407457457391525913779799802867
Share Capital 13131313131313131313
Reserves 394444445378513900767786789854
Debt +121404561511411037957
Long Term Debt9001431451231017845
Short Term Debt41403136183112
Minority Interest0000000000
Trade Payables657661911111214
Others Liabilities 19713107248455663
Total Liabilities 4444824654036531,1449799599481,000

Fixed Assets

Net Fixed Assets +4532312928293269237210180
Gross Block166167168168169440449449454457
Accumulated Depreciation121135137139141148179212244277
CWIP 00021172200022
Investments 338387387279366715568623588611
Inventories15161719216250445070
Trade Receivables3333219112826253224
Cash Equivalents 011111331131
Others Assets 1214845534433295591
Total Assets 4444824654036531,1449799599481,000
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 2423174094-24110175750
PBT 17141644681265435191
Adjustment 169-2-1-3-628203122
Changes in Working Capital -566845-12039-4-18-40
Tax Paid -4-5-3-10-16-23-11-2-8-23
Cash Flow From Investing Activity + -0-1-5-40-136-92-37-11-3-25
Capex -0-1-19-35-160-101-7-0-5-25
Net Investments -2-212258-16-35-183-19
Others 222-29172557-119
Cash Flow From Financing Activity + -23-22-11-142115-41-38-41-38
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -17-17-9145122-22-22-28-28
Interest Paid -5-3-1-0-0-3-12-12-10-8
Dividend Paid -1-1-1-1-2-4-6-4-2-2
Others -0-0-0-000-0000
Net Cash Flow 001-11-032-3313-13
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)2.880.951.787.5311.1711.923.66-1.24.428.07
ROCE (%)3.351.922.7510.314.0214.055.35-0.046.7610.69
Asset Turnover Ratio0.790.560.560.640.570.540.680.620.70.72
PAT to CFO Conversion(x)2.675.752.131.251.84-0.283.55N/A1.630.75
Working Capital Days
Receivable Days38.4046.2037.4020.1012.4014.8013.6015.4015.6014.50
Inventory Days14.4021.3022.40242430.9028.2028.6025.9031.20
Payable Days9.6010.9010.4011.6064.5042.506.808.70910.10

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Announcements

Nahar Poly Films Ltd FAQs

The current trading price of Nahar Poly Films on 23-Sep-2026 14:55 is ₹231.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Sep-2026 the market cap of Nahar Poly Films stood at ₹572.5 Cr

The latest P/E ratio of Nahar Poly Films as of 22-Sep-2026 is 9.61.

The latest P/B ratio of Nahar Poly Films as of 22-Sep-2026 is 1.04.

The 52-week high of Nahar Poly Films is ₹339.9 and the 52-week low is ₹201.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nahar Poly Films is ₹667 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nahar Poly Films Ltd is a average quality company.

The key valuation ratios of Nahar Poly Films Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nahar Poly Films Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Nahar Poly Films Ltd

Nahar Poly Films Ltd, a Nahar Group company, started out in 1988 as manufacturers & exporters of cotton hosiery garment knitwear the company soon realized that to move forward it had to strategically move back.

This it did through focused backward integration by setting  up on its own spinning unit with an ambitious installed capacity of 25000 spindles aiming to provide premium value added and specialty yarns to the market This move was met with resounding success with total spindelage jumping from a modest 16000 in 1992 to a whopping 72000 in 1998.

It was a conscious decision aiming to reap the benefits of a profitable merger. A proactive move strongly indicating the company determination and confidence, to race ahead of competition by superior utilization of both man & machines. A master strokes towards optimizing the bottom line of the company while minimizing administrative functional & legal hassles in one final swoop.Today, the results of these dynamic synergies are here for all to see in the year 2003-2004 the company achieved a turnover of Rs 4687 million and earned a profit of over Rs 357 million. Nahar Exports has five plants with a spindlage capacity of 153664 spindles manufacturing a wide range of premium specialty & value added yarns manned by a  dedicated work force of  5000 exporting to enthusiastic customers in the competitive export market of Europe, Hong Kong ,Singapore, Mauritius & South East Asian Countries Nahar Exports today is a major player in the chosen area blazing new trials & spanning new horizons in its on going  pursuit of ever greater excellence.

To consolidate the textile business under single umbrella and to have focused business approach, it was thought desirable and expedient to restructre company’s businesses. Accordingly a composite scheme of demerger and arrangement with Nahar Spinning Mills Limited was proposed, which was approved by the Punjab & Haryana High Court vide its order dated 21st Dec., 2006.

After the implementation of the scheme of demerger and arrangement, the company was left with the residual business i.e. some long term investement in shares and mutual funds. The managements having regard to the intrests of shareholders and stakeholders decided on 16th may, 2008 to put up I-Axially Oriented Polypropylene Films (BOPP Films) project. BOPP films is mainly used in flexible packaging and will be sold in the domestic and international markets. India's expanding organised retail business has provided ample opportunities for growth in the manufacturing activity.

Business area of the company includes:

  • The company is dealing in manufacture and export of cotton hosiery and knitwears.
  • BOPP Films - BOPP films is mainly used in flexible packaging
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