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    Consumer Cyclical

  3. •

    Apparel - Manufacturers
Nahar Spinning Mills Limited

Nahar Spinning Mills Limited

NAHARSPING.BO
Nahar Spinning Mills LimitedIN flagBombay Stock Exchange
261.00
INR
-6.00
- -
9.41BMarket Cap
Nahar Spinning Mills Limited
NAHARSPING.BO
(Bombay Stock Exchange)

Recent

price

261.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
386.7
470.31
543.81
611.17
596.03
562.62
576.04
581.4
631.12
569.86
578.86
965.57
758.68
819.27
821.64
1,020.57
891.38
Revenue per Share
33.2
-32.54
21.59
40.29
5.6
14.1
12.75
-8.92
18.06
-14.71
11.48
139.25
30.72
-14.16
3.09
6.92
6.04
Basic EPS, GAAP
-66.29
-5.89
22.47
-0.33
1.75
29.1
93.1
-76.97
33.23
-8.26
-43.71
43.1
93.78
-168.71
11.98
37.61
- -
Free Cash Flow per Basic Share
15
2
- -
1
1
1
1.5
1.5
0.5
1
- -
3
2
1.5
0.9
1.14
- -
Dividend per Share
50.06
5.01
5.01
19.17
20.86
22.73
34.86
24.11
34.15
18.11
39.95
123.87
110.93
90.77
83.94
5.73
5
Book Value per Share
1,846.33
152.15
172.57
211.69
211.85
224.81
237.42
226.82
243.08
227.07
248.93
443.78
430.72
410.61
372.52
479.53
418.82
Tangible Book Value per Share
36
36
36
36
36
36
36
36
36
36
36
36
36
36
40
32
36
Basic Weighted Avg Shares
13,947
16,962
19,613
22,042
21,496
20,291
20,775
20,968
22,761
20,552
20,877
34,823
27,362
29,547
32,846
32,179
32,179
Sales/Revenue/Turnover
17
-4.05
11.84
12
4.05
6.1
4.51
0.24
6.73
-0.38
5.58
21.14
5.34
0.58
2.02
2.06
2.06
Operating Margin (%)
6,978
844
876
882
1,302
1,011
958
941
836
816
820
755
726
885
952
913
913
Depreciation Expense
1,197
-1,174
779
1,453
202
509
460
-322
651
-531
414
5,022
1,108
-511
124
218
218
Net Income, GAAP
31.74
- -
41.92
28.95
- -
35.72
32.1
- -
37.44
- -
22.64
25.57
26.31
- -
41.55
16.21
16.21
Effective Tax Rate (%)
8.58
-6.92
3.97
6.59
0.94
2.51
2.21
-1.53
2.86
-2.58
1.98
14.42
4.05
-1.73
0.38
0.68
0.68
Profit Margin (%)
24,000
381
1,195
1,750
2,222
2,489
2,074
1,275
1,325
1,642
2,654
6,316
6,215
5,849
6,627
6,811
6,811
Working Capital
37,043
4,038
3,386
3,661
3,462
2,730
1,694
729
603
1,686
1,911
1,577
2,181
2,181
1,851
1,843
1,843
LT Debt
66,597
5,488
6,224
7,635
7,640
8,108
8,563
8,186
8,770
8,191
8,979
16,006
15,539
14,812
14,894
15,121
15,121
Total Equity
2.75
- -
7.83
10.46
- -
4.34
3.72
- -
5.35
- -
4.85
23.9
4.4
- -
1.48
2.18
2.18
Return on Invested Capital (%)
6.43
- -
6.74
16.62
- -
7.81
7.49
- -
9.45
- -
8.26
41.25
10.2
- -
3.82
5.53
5.53
Return on Capital (%)
120.58
-118.2
431.29
333.3
28
64.72
44.27
-30.27
61.99
-56.31
39.55
169.99
26.17
-14.04
3.73
12.34
12.34
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
5,967
- -
7,987
LT Borrowings
1,636
- -
1,843
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
36
- -
36
Market Capitalization
7,501
6,991
7,272

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
14,202
- -
16,384
Cash, Cash Equivalents & STI
31
- -
25
Accounts Receivable, Net
5,465
- -
5,117
Inventories
6,711
- -
8,447
Total Current Liabilities
7,379
- -
9,573
Payables & Accruals
- -
- -
- -
ST Debt
5,967
- -
7,987
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.41%
14.55%
1.53%
Free Cash Flow
-12.24%
-64.22%
147.67%
Net Income, GAAP
-0.05%
168.2%
76.64%
Sales/Revenue/Turnover
6.62%
12.5%
-2.03%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,489
7,278
7,579
7,201
29,547
2025
8,209
7,759
8,122
8,756
32,846
2026
8,193
7,793
7,026
9,168
32,179

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-4.85
-4.99
-4.22
- -
-14.16
2025
1.84
-4.84
0.21
5.88
3.09
2026
4.43
-1.29
-3.58
6.45
6.92

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.5
2025
- -
- -
- -
- -
0.9
2026
- -
- -
- -
- -
1.14
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Business
Nahar Spinning Mills Limited manufactures and sells yarns and hosiery garments in India. The company produces a broad range of yarns, including compact yarn, multi slub yarn, injected slub, dual slub, vario siro yarn, multi count yarn, twist yarn, organic cotton yarn, BCI cotton yarn, regenagri cotton yarn, recycled cotton blends, polyester virgin and recycled ring spun yarn, polyester cotton blends, recycled polyester blends zero twist yarn, and melange yarn; knitted garments such as T-shirts exported to international brands including GAP, Arrow, Old Navy, Banana Republic, and Chaps; woven fabrics; and value-added products from its mercerizing and dyeing plant with a capacity of 4.5 metric tons per day. It operates seven multi-location plants in Punjab and Madhya Pradesh with a spindlage capacity of approximately 574,000 spindles, 1,080 rotors, and 768 airjet spindles, serving domestic and export markets in the USA, UK, France, Brazil, Bangladesh, Netherlands, Japan, Canada, Korea, Taiwan, Hong Kong, Singapore, Egypt, Russia, Mauritius, Honduras, Argentina, Colombia, Peru, Chile; over 60% of production targets exports. Incorporated in 1980 and headquartered in Ludhiana, Punjab, the company forms part of the Nahar Group of Companies, which includes Oswal Woollen Mills Limited, Monte Carlo Fashion Limited, and Nahar Industrial Enterprises Limited. Recent developments include the completion of a 31,200-spindle expansion and 768 airjet spindle addition at its Lalru unit, increasing total capacity, along with prior modernization at a capital outlay of Rs 2,016 crore for spindles and Rs 98 crore for airjet; in July 2025, the board approved a new modernization of spinning units across locations at Rs 325 crore and installation of an 11 MW solar PV system at Rs 25 crore for captive use, targeted for completion by fiscal 2027-28 and financed via internal accruals and bank term loans.