Nahar Capital & Financial Services Ltd. (IN:NAHARCAP)
:NAHARCAP
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Nahar Capital & Financial Services Ltd.
(NAHARCAP)
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Rating:73Outperform
Price Target:
₹293.00
▲(12.02% Upside)
Action:Upgraded
Date:05/29/26
The score is driven primarily by solid financial footing (very low leverage) and attractive valuation (low P/E), supported by constructive technical momentum. These positives are tempered by the biggest risk factor: historically weak and inconsistent cash flow conversion despite recent improvement.
Positive Factors
Conservative Balance Sheet
Extremely low leverage and a stable, growing equity base provide durable financial flexibility. This supports the company's ability to weather downturns, fund strategic initiatives or opportunistic investments without stressing cash flows, and maintain access to credit over the medium term.
Negative Factors
Historical Cash Conversion Weakness
Multiple years of negative operating and free cash flow before the recent recovery imply structural earnings quality issues and potential working capital volatility. This historical weakness raises the risk that profits may not reliably convert to cash, constraining long-term reinvestment and distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Extremely low leverage and a stable, growing equity base provide durable financial flexibility. This supports the company's ability to weather downturns, fund strategic initiatives or opportunistic investments without stressing cash flows, and maintain access to credit over the medium term.
Read all positive factors
Nahar Capital & Financial Services Ltd. (NAHARCAP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.27B
Dividend Yield0.57%
Average Volume (3M)534.00
Price to Earnings (P/E)6.8
Beta (1Y)1.24
Revenue Growth5.28%
EPS Growth26.74%
CountryIN
Employees18
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)35.56
Shares Outstanding16,746,166
10 Day Avg. Volume1,189
30 Day Avg. Volume534
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)0.20
Price to Sales (P/S)6.66
P/FCF Ratio17.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nahar Capital & Financial Services Ltd. Business Overview & Revenue Model
Company Description
Nahar Capital and Financial Services Limited operates as a non-deposit taking non-banking financial company. The company operates through two segments, Investment/Financial and Real Estate. It invests in various financial securities, including equ...
How the Company Makes Money
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Nahar Capital & Financial Services Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 299.66M | 489.41M | 248.93M | 223.62M | 239.91M | 258.42M |
| Gross Profit | 242.08M | 465.80M | 177.74M | 158.73M | 177.97M | 206.82M |
| EBITDA | 634.36M | 794.30M | 599.10M | 161.37M | 944.09M | 3.07B |
| Net Income | 595.64M | 631.41M | 498.12M | 117.66M | 1.07B | 2.26B |
Balance Sheet | ||||||
| Total Assets | 18.25B | 17.82B | 17.26B | 17.00B | 16.81B | 17.33B |
| Cash, Cash Equivalents and Short-Term Investments | 11.90M | 5.29M | 229.61M | 548.13M | 597.52M | 574.53M |
| Total Debt | 59.60M | 0.00 | 53.52M | 43.02M | 0.00 | 15.08M |
| Total Liabilities | 1.77B | 1.74B | 1.62B | 1.58B | 1.52B | 1.74B |
| Stockholders Equity | 16.49B | 16.08B | 15.64B | 15.42B | 15.28B | 15.59B |
Cash Flow | ||||||
| Free Cash Flow | -507.94M | 187.46M | 219.77M | -178.05M | -340.02M | -696.72M |
| Operating Cash Flow | -454.34M | 275.20M | 313.27M | -106.67M | -229.25M | -692.11M |
| Investing Cash Flow | 482.10M | -325.35M | -268.00M | 123.17M | 255.00M | 748.91M |
| Financing Cash Flow | -29.25M | 18.24M | -14.62M | -26.54M | -26.45M | -51.15M |
Nahar Capital & Financial Services Ltd. Technical Analysis
Neutral
261.55
Price Trends
243.85
Positive
240.96
Positive
261.37
Negative
Market Momentum
2.17
Positive
50.53
Neutral
62.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NAHARCAP, the sentiment is Neutral. The current price of 261.55 is above the 20-day moving average (MA) of 260.13, above the 50-day MA of 243.85, and above the 200-day MA of 261.37, indicating a neutral trend. The MACD of 2.17 indicates Positive momentum. The RSI at 50.53 is Neutral, neither overbought nor oversold. The STOCH value of 62.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:NAHARCAP.
Nahar Capital & Financial Services Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹4.27B | 6.77 | ― | 0.57% | 5.28% | 26.74% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹4.64B | 44.26 | ― | 0.02% | 0.18% | -0.09% | |
54 Neutral | ₹5.32B | 17.12 | ― | ― | -17.34% | -29.23% | |
53 Neutral | ₹7.03B | 219.80 | ― | ― | -0.69% | -18.15% | |
52 Neutral | ₹3.07B | 38.36 | ― | ― | -4.43% | -76.54% | |
50 Neutral | ₹5.18B | 28.17 | ― | 0.24% | -24.56% | -80.19% |
* Financial Sector Average
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Nahar Capital & Financial Services Ltd. Corporate Events
Nahar Capital Reports April Demat Activity, Near-Full Shift to Electronic Shares
May 1, 2026
Nahar Capital and Financial Services Ltd., a Ludhiana-based non-banking financial company, has its equity shares maintained in dematerialized form through the major Indian depositories NSDL and CDSL. This structure supports transparent shareholdin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.