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Nahar Spinning Mills Ltd
(NAHARSPING)
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Rating:54Neutral
Price Target:
₹299.00
▲(7.55% Upside)
Action:Reiterated
Date:05/29/26
The score is held back primarily by inconsistent profitability and uneven cash generation, alongside a high P/E and low dividend yield. These negatives are partially offset by a strong technical uptrend with supportive momentum indicators.
Positive Factors
Manageable Leverage
Improved leverage and a relatively stable equity base support financial flexibility. This can help the company sustain textile operations and navigate cotton-price or demand cycles without relying excessively on additional borrowing.
Negative Factors
Cyclical Profitability
Cyclical revenue and earnings expose the company to swings in yarn demand, cotton costs, utilization and selling prices. The sharp loss and limited subsequent profits suggest earnings may remain vulnerable during weaker textile-market conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Improved leverage and a relatively stable equity base support financial flexibility. This can help the company sustain textile operations and navigate cotton-price or demand cycles without relying excessively on additional borrowing.
Read all positive factors
Nahar Spinning Mills Ltd (NAHARSPING) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.59B
Dividend Yield0.33%
Average Volume (3M)1.49K
Price to Earnings (P/E)14.3
Beta (1Y)1.17
Revenue Growth2.49%
EPS Growth248.69%
CountryIN
Employees10,444
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)20.96
Shares Outstanding36,065,304
10 Day Avg. Volume1,039
30 Day Avg. Volume1,490
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)0.42
Price to Sales (P/S)0.20
P/FCF Ratio5.72
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 Spinning Mills Ltd Business Overview & Revenue Model
Company Description
Established in Ludhiana, India, in 1980, Nahar Spinning Mills Limited operates as a manufacturer and distributor of an extensive range of yarns and knitted apparel. The company's diverse yarn offerings encompass raw white varieties (combed, carded...
How the Company Makes Money
The company primarily makes money by manufacturing and selling cotton yarn produced in its spinning mills. Revenue is generated from the sale of yarn to textile manufacturers and other buyers that use yarn as an input for fabric, knitting, and gar...
Nahar Spinning Mills Ltd Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
57
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.65B | 32.18B | 32.85B | 29.55B | 27.36B | 34.82B |
| Gross Profit | 6.01B | 3.50B | 3.34B | 7.62B | 1.90B | 14.53B |
| EBITDA | 2.37B | 1.57B | 1.91B | 921.37M | 2.56B | 8.24B |
| Net Income | 757.34M | 218.19M | 123.53M | -510.84M | 1.11B | 5.02B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 26.93B | 27.50B | 28.89B | 25.14B | 29.51B |
| Cash, Cash Equivalents and Short-Term Investments | 17.77M | 17.77M | 331.57M | 9.02M | 672.02M | 30.11M |
| Total Debt | 0.00 | 9.83B | 11.01B | 11.51B | 7.30B | 10.13B |
| Total Liabilities | -15.12B | 11.81B | 12.60B | 14.08B | 9.60B | 13.50B |
| Stockholders Equity | 15.12B | 15.12B | 14.89B | 14.81B | 15.54B | 16.01B |
Cash Flow | ||||||
| Free Cash Flow | 3.22B | 1.10B | 367.23M | -6.08B | 3.38B | 1.55B |
| Operating Cash Flow | 3.32B | 1.81B | 819.39M | -3.95B | 6.09B | 2.61B |
| Investing Cash Flow | -110.19M | -911.93M | 34.19M | -493.18M | -2.57B | -1.61B |
| Financing Cash Flow | -3.51B | -1.22B | -537.42M | 3.93B | -3.03B | -985.38M |
Nahar Spinning Mills Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹394.39B | 43.15 | ― | 0.52% | 4.20% | 10.65% | |
61 Neutral | ₹32.95B | 15.62 | ― | 0.55% | -0.01% | 21.52% | |
61 Neutral | ₹173.54B | 20.24 | ― | 1.13% | 3.29% | -1.43% | |
56 Neutral | ₹125.36B | 31.27 | ― | 1.99% | -2.45% | -10.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹10.59B | 14.30 | ― | 0.36% | 2.49% | 248.69% | |
43 Neutral | ₹2.05B | 8.83 | ― | ― | -2.19% | 132.56% |
* General Sector Average
IN:NAHARSPING
Nahar Spinning Mills Ltd
299.05
85.03
39.73%
IN:BASML
Bannari Amman Spinning Mills Limited
25.57
-3.99
-13.50%
IN:KPRMILL
K.P.R. Mill Limited
1,151.45
129.79
12.70%
IN:NITINSPIN
Nitin Spinners Limited
586.90
238.85
68.63%
IN:TRIDENT
Trident Limited
24.40
-3.53
-12.64%
IN:VTL
Vardhman Textiles Limited
602.75
192.67
46.98%
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.