| 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:
Different divisions of the company
Milestones and achievements of the company
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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:
Different divisions of the company
Milestones and achievements of the company
| 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 |
| 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 |
| 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 |
| 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 |
|
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. |
| Mon, 02 Aug 2021 |
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Higher Trade and Delivery Quantity
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