Nahar Poly Films Ltd - Stock Valuation and Financial Performance

BSE: 523391 | NSE: NAHARPOLY | Plastic Products | Small Cap

Nahar Poly Films Share Price

177.30 -2.30 -1.28%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Nahar Poly Films

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Nahar Poly Films stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
441 Cr.
52-wk low:
177
52-wk high:
292.7

Is Nahar Poly Films Ltd an attractive stock to invest in?

1. Is Nahar Poly Films Ltd a good quality company?

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

2. Is Nahar Poly Films Ltd undervalued or overvalued?

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.

3. Is Nahar Poly Films Ltd a good buy now?

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.

10 Year X-Ray of Nahar Poly Films:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.8%5.4%7.8%5.6%2.8%4.7%17.6%19.8%15.6%5.6%-
Value Creation
Index
-0.7-0.6-0.5-0.6-0.8-0.70.30.40.1-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 301303262255252266277303489723596
Sales YoY Gr.-0.7%-13.7%-2.6%-1.1%5.5%4.3%9.5%61.1%47.9%-
Adj EPS 0.11.74.74.123.713.420.935.612.9-2.2
YoY Gr.-1128.6%174.4%-13.8%-50.9%83.5%263.8%56.2%70.6%-63.7%-
BVPS (₹) 58.660.464.594.978.379.471.6114.3257195.1197.2
Adj Net
Profit
0.44.211.6104.9932.851.387.431.8-5
Cash Flow from Ops. 25.628.123.92322.216.840.194.2-23.7110-
Debt/CF from Ops. 4.73.21.91.3100.10.6-7.31.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.2%23.5%37.7%47.9%
Adj EPS 65.3%45.2%-1.1%-63.7%
BVPS14.3%20%39.7%-24.1%
Share Price 32.9% 36.4% 16.5% -20.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.22.97.65.12.34.717.722.419.15.7-1.1
Op. Profit
Mgn %
8.91317.112.38.15.115.321.624.411.35.3
Net Profit
Mgn %
0.11.44.43.923.411.816.917.94.4-0.9
Debt to
Equity
0.80.60.30.10.1000.20.30.3-
Working Cap
Days
7272727286757996826142
Cash Conv.
Cycle
46434246595135-15113623

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 37.66%

Return on Equity is Poor

Net Profit has been subdued in last 3 years -1.09%

Sales growth is not so good in last 4 quarters at -19.34%

Latest Financials - Nahar Poly Films Ltd.

Standalone Consolidated
TTM EPS (₹) -2.2 3.6
TTM Sales (₹ Cr.) 596 596
BVPS (₹.) 197.2 322.8
Reserves (₹ Cr.) 473 781
P/BV 0.91 0.56
PE 0.00 50.44
From the Market
52 Week Low / High (₹) 177.00 / 292.65
All Time Low / High (₹) 7.00 / 601.00
Market Cap (₹ Cr.) 441
Equity (₹ Cr.) 12.3
Face Value (₹) 5
Industry PE 35.1

Management X-Ray of Nahar Poly Films:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Nahar Poly Films

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales301303262255252266277303489723
Operating Expenses 275264217223231252235238370642
Manufacturing Costs22181725252425253556
Material Costs223219176182189209190190302529
Employee Cost 5667788111520
Other Costs 2421189101111121737
Operating Profit 273945312014426611982
Operating Profit Margin (%) 8.9%13.0%17.1%12.3%8.1%5.1%15.2%21.6%24.4%11.3%
Other Income 2333425566
Interest 1413853100312
Depreciation 1422222214222632
Exceptional Items 0000000000
Profit Before Tax 08188713456911643
Tax 036-22412172911
Profit After Tax 0512105933518832
PAT Margin (%) 0.1%1.5%4.4%3.9%2.0%3.4%11.9%16.9%17.9%4.4%
Adjusted EPS (₹)0.11.94.74.12.13.713.420.935.713.0
Dividend Payout Ratio (%)0%0%11%12%24%14%7%7%7%12%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 144149159233193195176281632480
Share Capital 13131313131313131313
Reserves 132136146221180183164269620467
Minority Interest0000000000
Debt103732812140456151141
Long Term Debt624326900143145123
Short Term Debt403024140313618
Trade Payables544657661911
Others Liabilities 22232819713107248
Total Liabilities 274249219271218203189409863680

Fixed Assets

Gross Block162166166166167168168169440449
Accumulated Depreciation557799121135137139141148179
Net Fixed Assets10789674532312928293269
CWIP 1000002117220
Investments 96969916512312565122434268
Inventories179815161719216250
Trade Receivables3131283333219112826
Cash Equivalents 00001111133
Others Assets2123171214845534433
Total Assets 274249219271218203189409863680

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2628242322174094-24110
PBT 08188713456911643
Adjustment 26322824141-2-3439
Changes in Working Capital 2-7-17-566845-12039
Tax Paid 0-1-3-4-5-3-10-16-23-11
Cash Flow From Investing Activity 10010-5-40-136-92-37
Capex -1-300-1-1-21-152-101-7
Net Investments 01-2-2-2-611-1-16-35
Others 222332-2917255
Cash Flow From Financing Activity -27-28-24-23-22-11-142115-41
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -16-19-17-17-17-9145122-22
Interest Paid -11-9-6-5-3-100-3-12
Dividend Paid 000-1-1-1-1-2-4-6
Others 0000000000
Net Cash Flow -100001-11032
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.23.17.585.132.394.717.7222.519.215.75
ROCE (%)5.388.2811.545.474.096.7523.8826.520.837.63
Asset Turnover Ratio1.191.281.261.171.061.261.411.020.770.94
PAT to CFO Conversion(x)INF5.622.34.41.891.211.84-0.273.44
Working Capital Days
Receivable Days32343738463720121514
Inventory Days20151114212224243128
Payable Days8781011101264427

Nahar Poly Films Ltd Stock News

Nahar Poly Films Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nahar Poly Films on 28-Mar-2024 16:01 is ₹177.3.
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 28-Mar-2024 16:01 the market cap of Nahar Poly Films stood at ₹441.0.
The latest P/E ratio of Nahar Poly Films as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Nahar Poly Films as of 28-Mar-2024 16:01 is 0.91.
The 52-week high of Nahar Poly Films is ₹292.6 and the 52-week low is ₹177.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nahar Poly Films is ₹595.6 ( Cr.) .

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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