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Nahar Spinning Mills

NSEI:NAHARSPING
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NAHARSPING
NSEI
₹3B
Market Cap
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Last updated 2019/04/20 12:48
Company description

Nahar Spinning Mills Ltd manufactures and sells yarns and knitted garments in India. The last earnings update was 68 days ago. More info.

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NAHARSPING Share Price and Events
7 Day Returns
-1.7%
NSEI:NAHARSPING
0.9%
IN Luxury
0.8%
IN Market
1 Year Returns
-3.8%
NSEI:NAHARSPING
-3.2%
IN Luxury
-0.7%
IN Market
NAHARSPING Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nahar Spinning Mills (NAHARSPING) -1.7% 1.8% -0.3% -3.8% -9.7% -13.8%
IN Luxury 0.9% 1.6% 8.6% -3.2% 48.8% 161.5%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • NAHARSPING underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
NAHARSPING
Industry
5yr Volatility vs Market

NAHARSPING Value

 Is Nahar Spinning Mills undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Nahar Spinning Mills. This is due to cash flow or dividend data being unavailable. The share price is ₹91.6.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nahar Spinning Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nahar Spinning Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:NAHARSPING PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹19.85
BSE:500296 Share Price ** BSE (2019-04-18) in INR ₹91.55
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.25x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nahar Spinning Mills.

NSEI:NAHARSPING PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500296 Share Price ÷ EPS (both in INR)

= 91.55 ÷ 19.85

 4.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nahar Spinning Mills is good value based on earnings compared to the IN Luxury industry average.
  • Nahar Spinning Mills is good value based on earnings compared to the India market.
Price based on expected Growth
Does Nahar Spinning Mills's expected growth come at a high price?
Raw Data
NSEI:NAHARSPING PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 6.6%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Nahar Spinning Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nahar Spinning Mills's assets?
Raw Data
NSEI:NAHARSPING PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹236.04
BSE:500296 Share Price * BSE (2019-04-18) in INR ₹91.55
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.74x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
NSEI:NAHARSPING PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500296 Share Price ÷ Book Value per Share (both in INR)

= 91.55 ÷ 236.04

 0.39x

* Primary Listing of Nahar Spinning Mills.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nahar Spinning Mills is good value based on assets compared to the IN Luxury industry average.
Show me more potentially undervalued companies in the Luxury industry
X
Value checks
We assess Nahar Spinning Mills's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
    5. Nahar Spinning Mills has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NAHARSPING Future Performance

 How is Nahar Spinning Mills expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Nahar Spinning Mills, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nahar Spinning Mills expected to grow at an attractive rate?
  • Nahar Spinning Mills's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Nahar Spinning Mills's earnings growth is positive but not above the India market average.
  • Unable to compare Nahar Spinning Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:NAHARSPING Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:NAHARSPING Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 6.6%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:NAHARSPING Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:NAHARSPING Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 22,415 716
2018-09-30 22,189 526
2018-06-30 22,275 17
2018-03-31 21,330 -2,399 -322
2017-12-31 21,766 -384
2017-09-30 21,405 -368
2017-06-30 21,019 107
2017-03-31 21,320 3,825 458
2016-12-31 21,049 477
2016-09-30 20,440 541
2016-06-30 20,661 373
2016-03-31 20,313 1,625 494

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nahar Spinning Mills's earnings are expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Nahar Spinning Mills is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:NAHARSPING Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Nahar Spinning Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:NAHARSPING Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 19.85
2018-09-30 14.58
2018-06-30 0.46
2018-03-31 -8.92
2017-12-31 -10.66
2017-09-30 -10.21
2017-06-30 2.98
2017-03-31 12.69
2016-12-31 13.23
2016-09-30 15.01
2016-06-30 10.33
2016-03-31 13.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Nahar Spinning Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Nahar Spinning Mills's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nahar Spinning Mills has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NAHARSPING Past Performance

  How has Nahar Spinning Mills performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nahar Spinning Mills's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nahar Spinning Mills's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Nahar Spinning Mills has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Nahar Spinning Mills has become profitable in the last year making it difficult to compare the IN Luxury industry average.
Earnings and Revenue History
Nahar Spinning Mills's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nahar Spinning Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:NAHARSPING Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 22,414.81 716.08 2,177.64
2018-09-30 22,189.17 525.79 2,094.30
2018-06-30 22,275.03 16.55 2,054.10
2018-03-31 21,330.45 -321.84 2,048.08
2017-12-31 21,765.93 -384.44 1,963.43
2017-09-30 21,405.19 -368.23 1,954.03
2017-06-30 21,018.86 107.41 1,961.96
2017-03-31 21,320.15 457.52 1,972.21
2016-12-31 21,049.27 477.36 2,064.69
2016-09-30 20,440.37 541.38 2,045.26
2016-06-30 20,660.72 372.86 2,009.62
2016-03-31 20,312.95 493.84 1,982.71
2015-12-31 20,363.17 799.23 2,933.92
2015-09-30 21,360.75 763.28 2,915.64
2015-06-30 21,345.80 580.68 1,786.33
2015-03-31 21,496.10 202.11 1,764.70
2014-12-31 21,936.56 214.79 2,896.00
2014-09-30 21,763.45 494.36 2,852.95
2014-06-30 22,096.66 1,059.43 1,721.67
2014-03-31 22,041.89 1,453.04 2,742.62
2013-12-31 21,227.42 1,258.85 2,624.77
2013-09-30 20,960.99 1,149.89 2,555.85
2013-06-30 20,350.71 928.09 1,433.97
2013-03-31 19,612.76 778.61 2,462.65
2012-12-31 19,189.50 628.79 2,245.17
2012-09-30 18,436.01 254.81 2,192.38
2012-06-30 17,479.04 -142.12 1,435.68

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Nahar Spinning Mills has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nahar Spinning Mills used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Nahar Spinning Mills has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nahar Spinning Mills's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nahar Spinning Mills has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NAHARSPING Health

 How is Nahar Spinning Mills's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nahar Spinning Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nahar Spinning Mills is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nahar Spinning Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nahar Spinning Mills's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nahar Spinning Mills Company Filings, last reported 3 months ago.

NSEI:NAHARSPING Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8,518.89 5,409.66 43.04
2018-09-30 8,518.89 5,409.66 43.04
2018-06-30 8,185.52 9,965.76 30.61
2018-03-31 8,185.52 9,964.58 18.09
2017-12-31 8,050.40 6,052.92 182.18
2017-09-30 8,050.40 6,052.92 182.18
2017-06-30 8,562.68 6,252.80 302.48
2017-03-31 8,562.68 7,383.81 289.46
2016-12-31 8,462.36 4,691.28 273.13
2016-09-30 8,462.36 4,691.28 273.13
2016-06-30 8,037.06 9,162.16 148.31
2016-03-31 8,107.81 10,152.16 153.11
2015-12-31 7,930.13 6,104.90 193.48
2015-09-30 7,930.13 6,104.90 193.48
2015-06-30 7,603.25 9,692.95 113.83
2015-03-31 7,603.25 10,775.05 113.83
2014-12-31 7,211.18 7,726.16 363.84
2014-09-30 7,211.18 7,726.16 363.84
2014-06-30 7,634.92 10,691.84 169.80
2014-03-31 7,634.92 11,590.33 169.80
2013-12-31 6,949.48 7,295.82 280.50
2013-09-30 6,949.48 7,295.82 280.50
2013-06-30 6,224.07 11,382.51 160.06
2013-03-31 6,224.07 12,268.79 160.06
2012-12-31 5,841.72 9,132.27 130.66
2012-09-30 5,841.72 9,132.27 130.66
2012-06-30 5,487.65 11,356.98 177.53
  • Nahar Spinning Mills's level of debt (63.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (105.6% vs 63.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Nahar Spinning Mills's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Nahar Spinning Mills has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NAHARSPING Dividends

 What is Nahar Spinning Mills's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.55%
Current annual income from Nahar Spinning Mills dividends.
If you bought ₹2,000 of Nahar Spinning Mills shares you are expected to receive ₹11 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Nahar Spinning Mills's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Nahar Spinning Mills's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:NAHARSPING Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:NAHARSPING Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-24 0.500 0.574
2017-08-31 1.500 1.488
2016-08-25 1.500 1.180
2015-08-28 1.000 0.926
2015-06-01 1.000 0.883
2014-10-09 1.000 1.051
2013-08-29 1.000 0.942
2013-05-30 1.000 1.416
2013-02-04 0.000 0.000
2012-10-29 0.000 0.000
2012-08-31 0.000 0.000
2012-06-12 0.000 0.000
2011-09-21 2.000 3.751
2010-07-28 1.500 1.549
2010-05-31 1.500 1.639
2009-10-01 0.500 0.678
2009-04-21 1.500 3.744

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Nahar Spinning Mills's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (39.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Nahar Spinning Mills's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nahar Spinning Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Nahar Spinning Mills has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NAHARSPING Management

 What is the CEO of Nahar Spinning Mills's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dinesh Oswal
COMPENSATION ₹69,004,428
AGE 53
CEO Bio

Mr. Dinesh P. Oswal, B.Com, has been the Managing Director at Nahar Capital and Financial Services Limited since December 29, 2007. Mr. Oswal serves as Managing Director of Nahar Financial Services Limited, Nahar Spinning Mills Ltd., and Nahar Investments and Holding Ltd. He serves as Managing Director of Nahar Exports Ltd. He served as Managing Director at Nahar Poly Films Limited and Oswal Woollen Mills Limited. He has business experience of more than 22 years in the Industry. He served as Chairman of Oswal Spinning and Weaving Mills Limited. He serves as Director of Nahar Investments and Holding Ltd. He serves as a Non Executive Director of Nahar Poly Films Limited, Nahar Spinning Mills Ltd. He serves as a Director of Nahar Exports Ltd., Nahar Industrial infrastructure Corp. Ltd., Sankheshwar Holding Co. Ltd., Palam Motels Ltd., Atam Vallabh Financiers Ltd., Ludhiana Holdings Ltd., Vanaik Investors Ltd., Ogden Trading and Investment Co. (P) Ltd., Kulu Investment & Trading (P) Ltd., Vardhman Investments Ltd., J L Growth Fund Ltd., Abhilash Growth Fund (P) Ltd., Nahar Capital and Financial Services Limited, Girnar Investment Ltd., Nagdevi Trading & Investment Co. Ltd. and Vanaik Spinning Mills Ltd. He serves as a Non Executive Director of Nahar Industrial Enterprises Ltd. He served as Director at Monte Carlo Fashions Limited from July 7, 2008 to March 21, 2014. He served as Director of Oswal Woollen Mills Limited and Nahar International Limited.

CEO Compensation
  • Dinesh's compensation has increased in line with Nahar Spinning Mills recently becoming profitable.
  • Dinesh's remuneration is higher than average for companies of similar size in India.
Management Team

Dinesh Oswal

TITLE
MD & Executive Director
COMPENSATION
₹69M
AGE
53

Anil Garg

TITLE
Chief Financial Officer
AGE
60

Brij Sharma

TITLE
Compliance Officer & Company Secretary

T. Mohan

TITLE
Chief Executive
AGE
71

R. Tyagi

TITLE
Chief Executive
AGE
69

Prem Vashishth

TITLE
Finance Controller
AGE
55

Ashok Kapoor

TITLE
General Manager of RM
COMPENSATION
₹2M
AGE
69

S. Avasthi

TITLE
General Manager
COMPENSATION
₹2M
AGE
62

Manjeet Singh

TITLE
General Manager of System
COMPENSATION
₹2M
AGE
65

Ashwani Aggarwal

TITLE
General Manager of Export
COMPENSATION
₹2M
AGE
56
Board of Directors Tenure

Average tenure and age of the Nahar Spinning Mills board of directors in years:

9.3
Average Tenure
66.5
Average Age
  • The tenure for the Nahar Spinning Mills board of directors is about average.
Board of Directors

Jawahar Oswal

TITLE
Non-Executive Chairman
COMPENSATION
₹40K
AGE
75

Dinesh Oswal

TITLE
MD & Executive Director
COMPENSATION
₹69M
AGE
53

Kanwar Maini

TITLE
Independent Director
COMPENSATION
₹30K
AGE
78
TENURE
16.8 yrs

Suresh Singla

TITLE
Independent Director
COMPENSATION
₹40K
AGE
68
TENURE
10.8 yrs

Manisha Gupta

TITLE
Independent Director
COMPENSATION
₹20K
AGE
39
TENURE
1.6 yrs

Satish Sharma

TITLE
Non-Executive Director
COMPENSATION
₹40K
AGE
65
TENURE
12.3 yrs

Dinesh Gogna

TITLE
Non-Executive Director
COMPENSATION
₹40K
AGE
65

Kamal Oswal

TITLE
Non-Executive Director
COMPENSATION
₹40K
AGE
56

Amrik Sohi

TITLE
Independent Director
COMPENSATION
₹20K
AGE
71
TENURE
7.7 yrs

Vijay Asdhir

TITLE
Independent Director
COMPENSATION
₹20K
AGE
71
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Nahar Spinning Mills's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Nahar Spinning Mills has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NAHARSPING News

Simply Wall St News

Did You Manage To Avoid Nahar Spinning Mills's (NSE:NAHARSPING) 16% Share Price Drop?

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … That would generally be considered a positive, so we are surprised to see the share price is down. … So it seems one might have to take closer look at the fundamentals to understand why the share price languishes.

Simply Wall St - –

A Close Look At Nahar Spinning Mills Ltd’s (NSE:NAHARSPING) 14% ROCE

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St - –

How Did Nahar Spinning Mills Ltd's (NSE:NAHARSPING) 0.2% ROE Fare Against The Industry?

To keep the lesson grounded in practicality, we'll use ROE to better understand Nahar Spinning Mills Ltd (NSE:NAHARSPING). … Over the last twelve months Nahar Spinning Mills has recorded a ROE of 0.2%. … That means that for every ₹1 worth of shareholders' equity, it generated ₹0.0020 in profit.

Simply Wall St - –

How Should You Think About Nahar Spinning Mills Ltd's (NSE:NAHARSPING) Risks?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St - –

Is Nahar Spinning Mills Ltd (NSE:NAHARSPING) A Financially Sound Company?

Investors are always looking for growth in small-cap stocks like Nahar Spinning Mills Ltd (NSE:NAHARSPING), with a market cap of ₹3.13b. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St - –

NAHARSPING Company Info

Description

Nahar Spinning Mills Ltd manufactures and sells yarns and knitted garments in India. The company 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. It also provides woolen/cotton hosiery knit-wears and woolen textiles; and T-shirts. The company also 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. Nahar Spinning Mills Ltd was incorporated in 1980 and is based in Ludhiana, India.

Details
Name: Nahar Spinning Mills Ltd
NAHARSPING
Exchange: NSEI
Founded: 1980
₹3,301,778,489
36,065,303
Website: http://www.owmnahar.com/spinning/about.php
Address: Nahar Spinning Mills Ltd
Nahar Tower,
Industrial Area-A,
Ludhiana,
Punjab, 141003,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500296 Equity Shares Mumbai Stock Exchange IN INR 10. Jul 2001
NSEI NAHARSPING Equity Shares National Stock Exchange of India IN INR 10. Jul 2001
Number of employees
Current staff
Staff numbers
12,856
Nahar Spinning Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:48
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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