Nahar Capital And Financial Services Ltd.

•

owmnahar.comBSE: 532952NSE: NAHARCAP

Market Cap₹ 432 Cr.

Current Price

High / Low₹ 307 / 191

Stock P/E12.6

Book Value₹ 553

Price to Book0.41

Dividend Yield0.58 %

ROCE4.3 %

ROE3.4 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Investment/Financial Activity: 88.5% • Real Estate Activity: 11.5%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Comfortable capital adequacy - CAR of 95.0%
Solid return on assets for a lender - ROA of 3.3%
Asset quality is healthy - gross NPA of just 0.0%
Latest quarter profit grew 63.4% YoY, showing strong momentum
Company generates healthy free cash flow
Company has a consistent dividend-paying track record

CONS

A large part of profit comes from other income (53.2% of PBT)
Company has a low return on capital employed of 4.5%
Recent results are weak - TTM profit is down 16.4% versus prior year
Company has a low return on equity of 3.7% over last 3 years
Operating margins have contracted to 66.8% from 114.5%
Thin net interest margin of 0.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - NBFC

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BAJFINANCE	1060.50	32.52	660262.45	0.57	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1041.00	21.64	244945.59	1.04	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	TATACAP	375.00	29.46	159182.59	0.15	16281.80	1464.16	88219.30	1051.00	8.66	75.72
4.	JIOFIN	239.85	76.64	158376.35	0.25	830.25	155.73	2004.47	227.28	2.11	69.71
5.	CHOLAFIN	1839.00	27.31	157062.74	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
6.	BAJAJHLDNG	11148.75	14.01	124078.35	1.75	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2920.00	10.31	117228.79	1.03	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	404.80	27.00	110814.49	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	314.00	24.73	78699.47	0.88	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	657.90	27.52	62608.60	0.38	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	682.25	26.05	56678.94	0.59	785.20	38.31	4937.90	18.71	9.09	57.98
12.	NAHARCAP	257.75	3.62	431.63	0.58	67.44	-41.26	9.39	90.16	3.78	447.43

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	4	11	2	5	5	13	3	3	5	12	4	6	9
	2	3	2	2	2	3	2	2	3	3	3	4	4
Operating Profit	4	10	2	4	4	12	2	1	3	9	2	4	6
OPM %	94.66%	90.23%	84.81%	87.23%	84.33%	92.74%	74.33%	44.81%	59.92%	78.59%	50.63%	54.00%	64.71%
Other Income	8	5	10	5	11	7	0	2	9	5	9	-3	9
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
	11	14	12	9	15	19	2	2	12	14	11	0	15
Tax %	19.24%	14.70%	20.45%	14.61%	27.10%	23.68%	-18.09%	-14.71%	27.59%	19.68%	30.15%	-1090.00%	5.00%
Net Profit	9	12	9	7	11	14	2	3	8	11	8	1	14
	5	7	6	4	7	9	1	2	5	7	5	1	1

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	7	15	18	11	15	23	37	32	28	29	32
	11	15	7	10	10	5	8	8	8	10	14
Operating Profit	-4	-0	11	2	6	18	29	24	20	19	17
OPM %	-62.42%	-0.12%	62.42%	15.05%	38.19%	76.19%	78.77%	74.84%	69.97%	66.84%	55.11%
	18	30	13	14	9	25	13	8	28	20	21
Interest	0	0	0	0	1	0	0	0	0	0	1
Depreciation	0	0	0	0	1	1	1	1	1	1	1
Profit before Tax	13	30	23	15	13	41	41	31	46	38	40
Tax %	15.19%	15.71%	18.14%	21.01%	-10.87%	27.80%	25.73%	10.10%	17.29%	20.45%	14.44%
Net Profit	11	25	19	12	15	30	30	28	38	30	34
EPS	0.00	0.00	0.00	0.00	0.00	17.72	18.17	16.61	22.93	18.15	—
Dividend Payout %	22.50%	9.93%	13.10%	21.28%	5.72%	8.47%	16.51%	9.03%	6.54%	8.26%	—

COMPOUNDED SALES GROWTH

10 Years:: 4%
5 Years:: 13%
3 Years:: -8%

COMPOUNDED PROFIT GROWTH

10 Years:: 5%
5 Years:: 16%
3 Years:: 0%

STOCK PRICE CAGR

10 Years:: 12%
5 Years:: 0%
3 Years:: -3%
1 Year:: -9%

RETURN ON EQUITY

10 Years:: 3%
5 Years:: 4%
3 Years:: 4%
Last Year:: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	8	8	8	8	8	8	8	8	8	8
	498	523	754	748	627	702	796	843	879	898
	15	15	24	5	4	6	2	0	8	9
Trade Payables	0	2	0	0	0	0	0	0	0	1
	6	7	15	13	8	23	22	13	18	21
Total Liabilities	528	555	802	774	648	739	828	864	913	936
	7	17	20	38	41	0	0	0	0	0
Capital Work in Progress	25	18	10	11	16	0	1	0	7	16
	473	481	733	687	518	590	737	797	829	835
	16	27	6	33	31	28	15	3	1	0
Cash & Bank	0	1	1	1	9	8	7	2	1	1
	6	9	31	6	34	113	68	62	76	84
Total Assets	528	555	802	774	648	739	828	864	913	936

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	6	-11	-13	31	140	-48	-67	-30	-18	-3
Cash from Investing	-1	20	22	-25	-134	58	82	32	19	6
Cash from Financing	-3	-3	-3	-3	-4	-1	-5	-3	-3	-3
	-1	1	-0	0	-0	1	1	-0	-1	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	6.67	15.11	11.45	7.05	8.73	17.72	18.17	16.61	22.93	18.15
Book Value (₹)	302.16	317.27	455.08	451.60	379.42	424.36	480.03	508.42	530.06	541.11
Dividend per Share (₹)	1.50	1.50	1.50	1.50	0.50	1.50	3.00	1.50	1.50	1.50
Cash EPS (₹)	6.75	15.21	11.65	7.31	9.17	18.21	18.78	17.22	23.55	18.79
PROFITABILITY
Operating Margin %	200.09%	208.00%	135.08%	140.33%	93.54%	182.51%	114.52%	100.86%	69.97%	66.84%
Net Margin %	166.13%	173.36%	107.37%	104.92%	94.73%	128.61%	82.80%	87.37%	136.35%	104.65%
ROE %	2.22%	4.88%	2.97%	1.55%	2.10%	4.41%	4.02%	3.36%	4.42%	3.39%
ROCE %	2.61%	5.66%	3.57%	1.98%	1.96%	6.09%	5.40%	3.75%	5.34%	4.29%
	2.16%	4.68%	2.83%	1.50%	2.06%	4.28%	3.88%	3.29%	4.32%	3.29%
EFFICIENCY
Debtor Days	0	0	0	0	0	0	0	0	0	0
Inventory Days	732	532	337	634	751	467	215	104	28	10
Payable Days	14	28	0	0	0	0	0	0	0	0
	718	504	337	634	751	467	215	104	28	10
FINANCIAL HEALTH
Debt to Equity (x)	0.03x	0.03x	0.03x	0.01x	0.01x	0.01x	0.00x	0.00x	0.00x	0.01x
Interest Coverage (x)	92.16x	173.81x	63.36x	37.64x	26.54x	235.83x	446.30x	231.70x	326.09x	84.60x
	1.01x	1.60x	0.99x	2.15x	4.93x	4.01x	2.07x	1.57x	4.23x	2.45x
GROWTH
Revenue Growth %	-66.82%	117.19%	22.39%	-37.03%	37.28%	49.39%	59.30%	-13.38%	-11.53%	3.16%
Operating Profit Growth %	-42.35%	125.78%	-20.52%	-34.58%	-8.49%	191.48%	-0.05%	-23.71%	48.28%	-16.54%
Net Profit Growth %	-42.17%	126.64%	-24.20%	-38.47%	23.95%	102.83%	2.56%	-8.60%	38.06%	-20.83%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	38.06%	-20.83%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	12.12x	12.35x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.52x	0.41x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.54%	0.67%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	9.86x	9.57x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	71.65	71.65	71.65	71.65	71.94	72.20	72.20	72.53	72.53
	0.34	0.34	0.36	0.32	0.32	0.32	0.31	0.31	0.31
	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.99	28.00	27.98	28.02	27.72	27.47	27.47	27.15	27.15

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Updates

2026-09-03 - Nahar Capital and Financial Services Limited has informed the Exchange regarding 'Demat Report for the month of August, 2026'.

2026-09-02

Updates

2026-09-02 - Nahar Capital and Financial Services Limited has informed the Exchange regarding 'letters sent to shareholders under Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015'.

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Nahar Capital and Financial Services Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27

Shareholders meeting

2026-08-27 - Nahar Capital and Financial Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026

2026-08-10

Copy of Newspaper Publication

2026-08-10 - Nahar Capital and Financial Services Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-06

Copy of Newspaper Publication

2026-08-06 - Nahar Capital and Financial Services Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-05

Change in Director(s)

2026-08-05 - Nahar Capital and Financial Services Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-08-05

Record Date

2026-08-05 - Nahar Capital and Financial Services Limited has informed the Exchange that Record date for the purpose of Dividend is 04-Sep-2026.

2026-08-05

Outcome of Board Meeting

2026-08-05 - Nahar Capital and Financial Services Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

News

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