Create stable, long-term investment portfolio with strong, consistent stocks.
Start Research-backed Investing ...Now.
1. Is Nahar Spinning Mills Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Nahar Spinning Mills Ltd is a average quality company.
2. Is Nahar Spinning Mills Ltd undervalued or overvalued?
The key valuation ratios of Nahar Spinning Mills Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
3. Is Nahar Spinning Mills Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nahar Spinning Mills Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||10.4%||4.2%||5.1%||4.5%||0.3%||5.9%||0%||4.8%||24%||5.5%||-|
|Value Creation Index ⓘ||-0.3||-0.7||-0.6||-0.7||-1.0||-0.6||NA||-0.7||0.7||-0.6||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||-2.5%||-5.6%||5.1%||0.1%||8.1%||-9.7%||1.4%||70.2%||-22.2%||-|
|Adj EPS ⓘ||40.5||5.2||13.8||12.3||-9||17.4||-13||11.1||138.3||30.7||5.8|
|YoY Gr. Rt. %||-||-87.3%||167.6%||-10.8%||-173.5%||NA||-174.7%||NA||1147.8%||-77.8%||-|
|BVPS (₹) ⓘ||211.7||210.8||224.8||237.4||227||243.2||227.1||249||443.8||430.9||426|
|Adj Net Profit ⓘ||146||18.6||49.7||44.3||-32.6||62.7||-46.9||40||499||111||21|
|Cash Flow from Ops. ⓘ||209||134||163||382||-240||250||61.2||-85.3||261||609||-|
|Debt/CF from Ops. ⓘ||5.6||8||6.3||1.9||-4.2||3.5||15.1||-12.6||3.9||1.2||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||-3.1%||NA||NA||-77.8%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||21.1||2.4||6.3||5.3||-3.9||7.4||-5.5||4.7||39.9||7||1.4|
|Op. Profit Mgn % ⓘ||16.3||10.2||11.2||8.8||4.4||10.2||3.5||9.4||22.6||7.8||4|
|Net Profit Mgn % ⓘ||6.6||0.9||2.5||2.1||-1.5||2.7||-2.3||1.9||13.9||4||0.8|
|Debt to Equity ⓘ||1.5||1.4||1.3||0.9||1.2||1||1.1||1.2||0.6||0.5||-|
|Working Cap Days ⓘ||193||194||202||182||195||196||204||222||176||224||0|
|Cash Conv. Cycle ⓘ||160||159||169||146||150||151||157||165||130||167||0|
Sales growth is growing at healthy rate in last 3 years 10.33%
Debt to equity has declined versus last 3 years average to 0.47
Return on Equity has declined versus last 3 years average to 1.40%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -27.00%
|TTM EPS (₹)||5.8||-|
|TTM Sales (₹ Cr.)||2,684||-|
|BVPS (₹.) ⓘ||426||-|
|Reserves (₹ Cr.) ⓘ||1,518||-|
|From the Market|
|52 Week Low / High (₹)||213.80 / 324.50|
|All Time Low / High (₹)||19.20 / 1000.00|
|Market Cap (₹ Cr.)||958|
|Equity (₹ Cr.)||18|
|Face Value (₹)||5|
|Industry PE ⓘ||28.1|
Starting out as a tiny worsted spinning & hosiery unit in Ludhiana, Nahar Spinning Mills was incorporated as private limited company in December 1980 & became a public limited company in 1983. The steady growth in manufacture & export of woolen/cotton hosiery, knitwears & woolen textiles enabled the company to earn the recognition as an â€œExport Houseâ€ followed by a â€œRecognized Trading Houseâ€ by the Government of India in a short span of 8 years.
The company is the part of Nahar Group of Companies. The group was established in 1949 with the incorporation of oswal woollen mills limited. From there it had surged ahead to establish itself as a reputed industrial conglomerate with a wide ranging portfolio from wool combing, spinning, knitting, fabric, hosiery garments etc. other group companies are Nahar Industrial Enterprises Limited, Nahar Investments and Holdings Limited, Nahar Capital and Financial Services Limited.
Spinning a web of pure enchantment seems to be the aim and objective of Nahar Spinning, reckoned to be the blue-chip in the Nahar firmament.In 1992, as a measure of backward integration, the company diversified into the Spinning Industry. Today it has an installed spindlage of 335000 spindles.
Simultaneously the company also established an ultra modern facility to manufacture 12.5 Million pieces of Hosiery Garments. Today Nahar Spinningâ€™s T-shirts are being exported to reputed international brands such as GAP, Arrow, Old Navy, Pierre Cardin, Philips Van Heusen, Izod, Quicksilver, Price Costcoâ€¦
As a measure of further value addition Nahan Spining has put up a plant for the manufacture of fine count mercerized yarn & fabrics catering to both, the domestic hosiery garment market as well as export markets.
To make use of the emerging opportunities on the Global Textile Scenario and also to have a focused business approach, the company went in for the Scheme of demerger and arrangement to restructure its businesses. The Scheme has already been approved by the Hobâ€™ble Punjab & Haryana High Court vide its Order dt. 21st December, 2006. As per the scheme, companyâ€™s Investment Activities stand demerged and transferred to Nahar Capital and Financial Services Limited. This has drawn a visible line between two segment i.e., One Industrial (Textile) business and Secondly Investment and Financial Activities.
Further as per the scheme â€œTextiles Businessâ€ of Nahar Exports Limited stand demerged and transferred to the company (post demerger of investment business) in accordance with the terms of the scheme. Thus upon implementation of the Scheme the spindlage capacity of the company stand increased to 3.35 Lacs spindles.Keeping in view the emerging opportunities arising out of the quota free global trade w.e.f. 1st January 2005, the Management decided to invest Rs 112.45 crore in the capacity expansion. The company shall be putting up an Ultra Modern Spinning and Knitting cum Dyeing Plant with a capacity of 25000 spindles at village Lalru, Patiala. The expansion is financed by way of term loan of Rs 80 crore from the Financial Institutions under Tuff scheme and balance from the internal accounts of the company. The management is quite optimistic that enhanced capacity will enable the company to improve its financial performance in the coming years.
Business area of the company includes:
Different divisions of the company
Milestones and achievements of the company