Nahar Spinning Mills Ltd.
Snapshot View

414.50 +19.70 ▲5.0%

02 August 2021, 04:00:00 P.M.
Volume: 34,022

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile - Spinning Compare with Industry peers
Website http://www.owmnahar.com
Financial Indicators
Market Cap 1,494.91 Cr.
Earnings per share (EPS) 11.48 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 36.10 Trailing Twelve Months Ending 2021-03
Industry PE 25.92 Trailing Twelve Months Ending 2021-03
Book Value / Share 248.96 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.66 Calculated using Price: 414.50
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 3.61 Cr. 36,065,303 Shares
FaceValue 5
Company Profile

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 “Export House” followed by a “Recognized Trading House” 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 Spinning’s T-shirts are being exported to reputed international brands such as GAP, Arrow, Old Navy, Pierre Cardin, Philips Van Heusen, Izod, Quicksilver, Price Costco…

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 Hob’ble Punjab & Haryana High Court vide its Order dt. 21st December, 2006. As per the scheme, company’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 “Textiles Business” 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:

  • Spinning
  • Hosiery 

Different divisions of the company

  • Spinning Division -The company has 93408 spindles for manufacturing Cotton / Synthetic & Blended Yarns. The company has also put up a Mercerizing cum Dyeing plant at village Lalru, Patiala for manufacturing of High Value Added Yarn, for the quality conscious market of U.S. & European Union. The capacity of the plant is 2040 M.T.
  • Hosiery Garments Division -

Milestones and achievements of the company

  • 1980 Incorporated as a private limited company
  • 1984 Recognized as an Export House by Govt. of India
  • 1985 Raises funds through maiden public issue to finance modernisation & expansion
  • 1988 Recognized as a Trading House by Govt. of India
  • 1991-92 Turnover crosses the Rs 100 crore mark
  • 1992 Decides to set up a spinning unit with 50400 spindles. Raises capital through a rights issue.
  • 1994 Decides to raise the spindlage by another 25000 spindles
  • 1995-96 Turnover crosses the Rs. 200 crore mark
  • 1996 Receives ISO-9002 certification
  • 1996-97 Turnover crosses the Rs. 300 crore mark
  • 1999 Accorded Golden Trading House Status by Government of India
  • 1999-2000 Mercerizing-cum-dyeing plant and a 100% EOU Spinning Unit with 28224 spindles under implementation
  • 2003-2004 The Cotton Textile Export Promotion Council awarded TEXPROCIL SILVER TROPHY to the company for its outstanding Export performance in yarns
  • 2006-2007 The apparel export promotion council awarded AEPC achievement award to the company for achieving highest exports in garment.
  • 2010 - Nahar Spinning Mills Ltd got highest export in cotton garment award by apparel export promotion Council.
  • 2011 - Nahar Spinning Mills Ltd got Gold Trophy for highest export of yarns having count 50 & below in yarn category.
    - Nahar Spinning Mills Ltd got Bronze Trophy for highest export of processed yarns in yarn category.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+4.99%
1 Week
+24.29%
1 Month
+71.71%
3 Month
+295.70%
6 Month
+407.03%
1 Year
+1156.06%
2 Year
+622.76%
5 Year
+223.32%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -19.30 13.30 21.03 2.67 6.48 5.52 -3.84 7.68 -6.26
Return on Capital Employed (%) -3.15 13.45 14.61 5.36 7.75 6.68 0.50 9.17 -0.63
Return on Assets (%) -5.69 4.01 6.96 0.98 2.54 2.41 -1.67 3.25 -2.72

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 549 622 763 760 811 856 819 877 819
Non Curr. Liab. 404 385 428 389 315 208 98 91 175
Curr. Liab. 917 1,008 983 853 874 746 1,124 998 944
Minority Int.
Equity & Liab. 1,870 2,015 2,174 2,003 2,000 1,810 2,040 1,965 1,938
Non Curr. Assets 915 888 1,016 933 877 857 789 835 830
Curr. Assets 955 1,127 1,158 1,069 1,123 953 1,251 1,130 1,108
Misc. Exp. not W/O
Total Assets 1,870 2,015 2,174 2,003 2,000 1,810 2,040 1,965 1,938

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 1,696 1,961 2,204 2,150 2,029 2,132 2,133 2,305 2,083
Other Income 9 8 7 11 18 22 9 13 7
Total Income 1,706 1,969 2,211 2,161 2,047 2,154 2,142 2,318 2,090
Total Expenditure -1,680 -1,639 -1,847 -1,930 -1,803 -1,944 -2,040 -2,070 -2,019
PBIDT 25 330 364 231 244 210 103 248 71
Interest -114 -109 -71 -86 -63 -47 -55 -60 -67
Depreciation -84 -88 -88 -131 -101 -96 -94 -84 -82
Taxation 56 -56 -59 6 -28 -22 14 -39 25
Exceptional Items 0 -1 -1 -1
PAT -117 78 146 20 51 46 -32 65 -53

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 153 134 209 134 163 382 -240 250 61
Cash Fr. Inv. -150 -45 -211 -89 -58 -61 -19 -128 -78
Cash Fr. Finan. -2 -88 -3 -44 -121 -120 -122 -123 20
Net Change 1 1 -5 1 -17 201 -382 -1 3
Cash & Cash Eqvt 12 13 8 9 -630 -429 -811 2 5

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 64.83 64.83 65.39 65.64 65.64 65.64 65.70 66.31 66.31
Public 35.17 35.17 34.61 34.36 34.36 34.36 34.30 33.69 33.69
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 02 Aug 2021
Board Meeting Outcome for OUTCOME OF BOARD MEETING
Pursuant to Regulation 30 read with schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we are enclosing herewith copy of the un-audited Financial results for the Quarter Ended 30th June 2021 duly approved by the Board of Directors in their meeting held on 2ndAugust 2021 alongwith Limited Review Report on the above said Financial Results by YAPL & CO. Chartered Accountants Ludhiana.

The Board Meeting commenced at 3:00 p.m. and concluded at 3:45 p.m.

You are requested to display the same on the notice board/website of the exchange for the information of the public as well as members of the Exchange.

This is for your information please.
Mon, 02 Aug 2021
Un- Audited Financial Results For The Quarter Ended 30.06.2021
Pursuant to Regulation 30 read with schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we are enclosing herewith copy of the un-audited Financial results for the Quarter Ended 30th June 2021 duly approved by the Board of Directors in their meeting held on 2nd August 2021 alongwith Limited Review Report on the above said Financial Results by YAPL & CO. Chartered Accountants Ludhiana.

The Board Meeting commenced at 3:00 p.m. and concluded at 3:45 p.m.

You are requested to display the same on the notice board/website of the exchange for the information of the public as well as members of the Exchange.

This is for your information please.
Tue, 27 Jul 2021
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 this is to inform you that we have received intimation regarding loss of share certificates.
We shall issue him duplicate share certificates on completion of all formalities under the law. In the mean time any member having a claim in respect of the above mentioned shares should lodge such claim with the Company within 15 days from the date of this letter.

Technical Scans View Details

Mon, 02 Aug 2021
High Delivery Percentage High Delivery Percentage
Higher Delivery Quantity Higher Delivery Quantity
Higher Delivery Quantity and Percentage Higher Delivery Quantity and Percentage
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity

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