Nahar Spinning Mills Ltd.

•

owmnahar.comBSE: 500296NSE: NAHARSPING

Market Cap₹ 1,000 Cr.

Current Price

High / Low₹ 349 / 149

Stock P/E13.2

Book Value₹ 439

Price to Book0.48

Dividend Yield0.36 %

ROCE3.4 %

ROE1.5 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2014 • Yarn: 88.0% • Garments: 12.0%

AI Sector View

AI GENERATED

Textiles

Hold

This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.

Confidence

50%

View full sector analysis →

PROS

Latest quarter profit grew 337.8% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 6.62x)
Company generates healthy free cash flow
Company has a consistent dividend-paying track record

CONS

A large part of profit comes from other income (58.3% of PBT)
Company has a low return on equity of -0.4% over last 3 years
Company has a low return on capital employed of 2.5%
Interest coverage is weak at 1.4x - earnings barely cover interest
Company has delivered a poor profit growth of -12.0% over past five years
Recurring exceptional / one-off items are inflating headline profit

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

Peer comparison

TextilesTextileTextile - Spinning

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

S.No.	Name
1.	TRIDENT	23.79	30.67	12123.28	2.10	158.09	12.95	1786.83	4.68	9.95	16.79
2.	SANATHAN	480.75	66.80	4057.73	0.00	23.82	-41.08	1334.74	79.08	7.09	8.10
3.	NITINSPIN	651.15	17.28	3660.77	0.46	75.27	83.62	875.03	10.30	12.21	17.78
4.	FILATEX	75.44	17.53	3349.98	0.40	48.52	19.33	1145.30	9.14	15.90	6.85
5.	GHCLTEXTIL	133.75	13.29	1278.46	0.45	39.35	191.05	408.94	52.73	6.30	16.90
6.	PASHUPATI	80.56	81.25	1271.56	0.00	7.25	276.04	130.01	9.71	11.31	9.49
7.	NAHARSPING	277.15	13.20	999.55	0.36	69.88	337.83	966.10	17.92	3.37	13.16
8.	AMBIKCO	1617.90	11.39	926.25	2.29	257.00	1514.32	2579.20	1243.47	11.47	15.28
9.	PRECOT	660.15	15.49	792.18	0.61	26.61	135.43	245.73	24.78	11.19	20.16
10.	SUMEETINDS	11.29	28.48	784.37	0.00	1.14	-85.69	272.36	9.61	65.12	3.11
11.	RAJPALAYAM	769.95	5.74	709.91	0.06	17.55	-78.38	261.28	38.56	1.84	20.71
12.	NAHARINDUS	134.50	8.05	581.12	0.00	24.98	510.49	316.53	-18.34	4.49	9.14

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
	749	728	758	815	821	776	812	876	819	779	703	917	966
	740	715	740	775	770	771	774	809	762	753	688	858	882
Operating Profit	9	13	18	40	51	5	38	66	58	26	15	59	84
OPM %	1.22%	1.76%	2.42%	4.94%	6.24%	0.59%	4.70%	7.56%	7.05%	3.31%	2.11%	6.43%	8.69%
	3	3	1	5	2	16	2	10	4	2	4	5	9
Interest	15	13	16	22	21	18	15	20	17	11	13	13	19
Depreciation	20	21	23	24	24	24	24	24	23	23	23	22	25
Profit before Tax	-23	-18	-20	0	9	-21	1	32	21	-7	-17	29	93
Tax %	24.23%	1.48%	24.48%	384.62%	25.64%	18.56%	41.54%	30.71%	24.18%	34.00%	24.31%	19.49%	25.17%
Net Profit	-18	-18	-15	-0	7	-17	1	22	16	-5	-13	23	70
	-4.85	-4.99	-4.22	0.22	1.84	-4.84	0.21	5.88	4.43	-1.29	-2.67	6.45	19.38

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,132	2,133	2,305	2,083	2,112	3,594	2,797	3,050	3,285	3,218	3,365
	1,944	2,040	2,070	2,019	1,914	2,783	2,581	2,962	3,119	3,055	3,181
Operating Profit	188	94	236	64	198	811	216	88	166	163	184
OPM %	8.82%	4.39%	10.22%	3.08%	9.38%	22.56%	7.73%	2.87%	5.05%	5.06%	5.45%
	22	9	12	6	7	14	40	10	29	14	20
Interest	47	55	60	67	69	75	33	70	79	60	56
Depreciation	96	94	84	82	82	75	73	88	95	91	93
Profit before Tax	68	-46	104	-78	54	675	150	-61	21	26	98
Tax %	32.10%	30.50%	37.44%	32.03%	22.64%	25.57%	26.31%	16.78%	41.55%	16.21%	23.01%
Net Profit	46	-32	65	-53	41	502	111	-51	12	22	76
EPS	0.00	0.00	0.00	0.00	11.33	139.50	32.24	-14.16	3.42	6.05	—
Dividend Payout %	11.77%	-5.60%	5.54%	0.00%	13.06%	2.51%	4.88%	-7.06%	29.20%	16.53%	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 9%
3 Years:: 5%

COMPOUNDED PROFIT GROWTH

10 Years:: -8%
5 Years:: -12%
3 Years:: -42%

STOCK PRICE CAGR

10 Years:: 9%
5 Years:: -8%
3 Years:: -2%
1 Year:: 24%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 9%
3 Years:: 0%
Last Year:: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	18	18	18	18	18	18	18	18	18	18
	838	800	859	801	880	1,583	1,536	1,463	1,471	1,494
	625	886	821	898	1,048	981	679	1,090	1,072	945
Trade Payables	48	67	28	28	32	19	99	27	26	41
	280	268	239	193	257	520	221	291	163	195
Total Liabilities	1,810	2,040	1,965	1,938	2,235	3,121	2,552	2,889	2,750	2,693
	761	700	739	748	716	745	831	911	858	810
Capital Work in Progress	3	6	13	7	28	21	101	3	5	32
	37	34	30	30	69	306	163	134	139	147
	489	735	625	650	740	1,049	793	1,120	860	845
	0	0	0	0	0	0	0	428	618	512
Cash & Bank	27	3	2	5	2	4	53	2	33	2
	493	562	556	498	679	996	611	291	236	346
Total Assets	1,810	2,040	1,965	1,938	2,235	3,121	2,552	2,889	2,750	2,693

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	424	-207	326	111	-24	469	655	-352	145	230
Cash from Investing	-61	-19	-128	-78	-53	-161	-257	-49	14	-85
Cash from Financing	-120	-122	-123	20	136	-99	-303	393	-76	-136
	201	-382	-1	3	-3	2	49	-51	32	-31

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.07	67.07	67.07	67.43	67.43	67.43	67.43	67.96	68.03
	0.11	0.11	0.12	0.00	0.08	0.09	0.00	0.08	0.00
	0.59	0.73	0.74	0.59	0.59	0.59	0.59	0.02	0.02
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	32.23	32.08	32.07	31.98	31.90	31.89	31.98	31.94	31.96

Documents

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

2026-09-03

Updates

2026-09-03 - Nahar Spinning Mills Limited has informed the Exchange regarding 'Demat Report for the month of August 2026'.

2026-09-02

Updates

2026-09-02 - Nahar Spinning Mills 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 Spinning Mills Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27

Credit Rating

2026-08-27 - Nahar Spinning Mills Limited has informed the Exchange about Credit Rating

2026-08-25

Shareholders meeting

2026-08-25 - Nahar Spinning Mills Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026

2026-08-25

Shareholders meeting

2026-08-25 - Nahar Spinning Mills 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 Spinning Mills Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-06

Copy of Newspaper Publication

2026-08-06 - Nahar Spinning Mills Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-05

Change in Director(s)

2026-08-05 - Nahar Spinning Mills Limited has informed the Exchange regarding Change in Director(s) of the company.

News

Recent coverage and analyst commentary for NAHARSPING

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