Nahar Spinning Mills Ltd (NAHARSPING) AI Stock Analysis

• Market Cap: ₹7.39B
• Dividend Yield: 0.5%
• Average Volume (3M): 1.49K
• Price to Earnings (P/E): 34.1
• Beta (1Y): 1.01
• Revenue Growth: 5.16%
• EPS Growth: N/A
• Country: IN
• Employees: 10,444
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): 4.43
• Shares Outstanding: 36,065,304
• 10 Day Avg. Volume: 1,039
• 30 Day Avg. Volume: 1,490
• PEG Ratio: -0.50
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 0.23
• P/FCF Ratio: 20.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: ₹214.00 ▲(6.20% Upside)

The overall stock score of 48 reflects mixed financial performance with positive revenue growth but weak profitability. Technical analysis suggests a neutral to slightly bearish trend, while valuation metrics indicate potential overvaluation. The absence of earnings call and corporate events data limits further insights.

Nahar Spinning Mills Ltd Business Overview & Revenue Model

Company Description

Nahar Spinning Mills Limited manufactures and sells yarns and knitted garments in India. It offers raw white combed, raw white carded/open end, dyed, organic cotton, fair trade cotton, better cotton initiative, melange, gassed/mercerized, compact spun, blended, synthetic/man-made fiber, and cleaner yarns, as well as grindle, space-dyed, slub, core spun, high twist, reverse twist, and elitwist yarns. The company also provides woolen/cotton hosiery knitwears and woolen textiles; and T-shirts. It exports its products primarily to the United States, the United Kingdom, France, Brazil, Bangladesh, Mauritius, Honduras, Argentina, Colombia, Peru, Chile, the Netherlands, Japan, Canada, Korea, Taiwan, Hong Kong, Singapore, Egypt, and Russia. The company was incorporated in 1980 and is based in Ludhiana, India.

How the Company Makes Money

Nahar Spinning Mills Ltd generates revenue primarily through the sale of its core products, which include various types of yarns produced from both cotton and synthetic fibers. The company has established a robust revenue model that includes direct sales to garment manufacturers, wholesalers, and retailers in domestic and international markets. Key revenue streams include bulk sales of yarn to textile companies and partnerships with fashion brands that require high-quality raw materials for their production processes. Additionally, Nahar Spinning Mills benefits from long-term contracts with major textile producers, ensuring a consistent flow of income. The company also invests in innovation and sustainability initiatives that enhance its product offerings, potentially opening new revenue avenues in eco-friendly textiles.

Nahar Spinning Mills Ltd Financial Statement Overview

Summary

Nahar Spinning Mills Ltd displays mixed financial health. Revenue growth is a positive trend, but profitability metrics are under pressure. The balance sheet is relatively strong with a good equity base and manageable debt. Cash flow improvements suggest better cash management, though profitability remains a concern. Future focus should be on enhancing operational efficiency and boosting profit margins.

Income Statement

The income statement reveals a mixed performance. Gross profit margins have declined from 41.7% in 2022 to 10.2% in 2025, indicating rising costs or pricing pressures. Net profit margins are low at 0.38% in 2025, showing profitability challenges. However, revenue growth from 2024 to 2025 was 11.2%, which is a positive indicator. EBIT and EBITDA margins have weakened significantly, pointing to operational inefficiencies.

Balance Sheet

The balance sheet shows stability in equity with a debt-to-equity ratio of 0.74, a manageable level of leverage for the industry. ROE in 2025 is modest at 0.83%, reflecting limited returns on equity. The equity ratio stands at 54.2%, which suggests a solid equity base. The company has managed its debt levels despite an increase in liabilities.

Cash Flow

Cash flow analysis indicates constraints in cash generation. The operating cash flow to net income ratio was 6.63 in 2025, showing strong cash conversion from profits. However, free cash flow improved significantly compared to a negative position in prior years. The free cash flow to net income ratio of 2.97 indicates effective cash generation relative to earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	32.83B	32.85B	29.55B	27.36B	34.82B	20.88B
Gross Profit	4.23B	3.34B	7.62B	1.90B	14.53B	7.24B
EBITDA	1.99B	1.91B	921.37M	2.56B	8.24B	2.05B
Net Income	216.75M	123.53M	-510.84M	1.11B	5.02B	414.15M
Balance Sheet
Total Assets	0.00	27.50B	28.89B	25.14B	29.51B	22.02B
Cash, Cash Equivalents and Short-Term Investments	331.57M	331.57M	9.02M	672.02M	30.11M	10.67M
Total Debt	0.00	11.01B	11.51B	7.30B	10.13B	10.74B
Total Liabilities	-14.89B	12.60B	14.08B	9.60B	13.50B	13.04B
Stockholders Equity	14.89B	14.89B	14.81B	15.54B	16.01B	8.98B
Cash Flow
Free Cash Flow	0.00	367.23M	-6.08B	3.38B	1.55B	-1.58B
Operating Cash Flow	0.00	819.39M	-3.95B	6.09B	2.61B	-853.10M
Investing Cash Flow	0.00	34.19M	-493.18M	-2.57B	-1.61B	-531.89M
Financing Cash Flow	0.00	-537.42M	3.93B	-3.03B	-985.38M	1.36B

Nahar Spinning Mills Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 201.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NAHARSPING, the sentiment is Negative. The current price of 201.5 is below the 20-day moving average (MA) of 204.13, below the 50-day MA of 209.38, and below the 200-day MA of 231.77, indicating a bearish trend. The MACD of -1.38 indicates Negative momentum. The RSI at 40.62 is Neutral, neither overbought nor oversold. The STOCH value of 9.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NAHARSPING.

Nahar Spinning Mills Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NAHARPOLY	70 Outperform	₹7.73B	13.50	―	0.32%	13.64%	253.00%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SHIVATEX	59 Neutral	₹2.34B	17.75	―	0.31%	15.16%	780.57%
MARALOVER	55 Neutral	₹2.20B	―	―	―	-0.90%	-304.07%
RSWM	55 Neutral	₹7.25B	-42.83	―	―	5.54%	―
NAHARSPING	48 Neutral	₹7.39B	34.11	―	0.50%	5.16%	―
BASML	47 Neutral	₹2.20B	22.34	―	―	-20.14%	―

Nahar Spinning Mills Ltd Corporate Events

Nahar Spinning Mills Advances with Share Dematerialization

Nahar Spinning Mills Ltd has reported the dematerialization of 1,323 equity shares for the month of September 2025, in compliance with the Securities and Exchange Board of India regulations. This process involves the conversion of physical share certificates into electronic form, enhancing the company’s operational efficiency and aligning with modern securities practices. The total holdings with National Securities Depository Ltd. and Central Depository Services Ltd. now stand at 35,605,535 equity shares, indicating a significant volume of dematerialized shares.

Nahar Spinning Mills Ltd Conducts AGM with E-Voting Provisions

Nahar Spinning Mills Ltd held its Annual General Meeting (AGM) on September 25, 2025, through video conferencing, in compliance with relevant regulations. During the meeting, Mr. Dinesh Oswal was unanimously elected as the Chairman. The AGM included discussions on the company’s performance and the textile market scenario, with provisions made for electronic voting on resolutions. The company ensured transparency by appointing a scrutinizer for the e-voting process and facilitating document inspection electronically.

Nahar Spinning Mills Releases Q2 2025 Financial Results

Nahar Spinning Mills Ltd has announced the publication of its standalone unaudited financial results for the quarter ending June 30, 2025, in the newspapers ‘Business Standard’ and ‘Punjabi Jagran’. This disclosure is part of the company’s compliance with SEBI regulations, ensuring transparency and keeping stakeholders informed about its financial performance.