Nahar Spinning Mills Ltd manufactures and sells yarns and knitted garments in India.
+ 1 more risk
Adequate balance sheet and fair value.
Share Price & News
How has Nahar Spinning Mills's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NAHARSPING's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NAHARSPING underperformed the Indian Luxury industry which returned 12.8% over the past year.
Return vs Market: NAHARSPING underperformed the Indian Market which returned 5.2% over the past year.
Price Volatility Vs. Market
How volatile is Nahar Spinning Mills's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StIs Nahar Spinning Mills (NSE:NAHARSPING) A Risky Investment?
2 months ago | Simply Wall StAre Dividend Investors Getting More Than They Bargained For With Nahar Spinning Mills Ltd's (NSE:NAHARSPING) Dividend?
3 months ago | Simply Wall StThe Nahar Spinning Mills (NSE:NAHARSPING) Share Price Is Down 64% So Some Shareholders Are Wishing They Sold
Is Nahar Spinning Mills undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NAHARSPING (₹37.2) is trading below our estimate of fair value (₹373.91)
Significantly Below Fair Value: NAHARSPING is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NAHARSPING is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.
PE vs Market: NAHARSPING is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NAHARSPING's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NAHARSPING is good value based on its PB Ratio (0.2x) compared to the IN Luxury industry average (0.5x).
How is Nahar Spinning Mills forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nahar Spinning Mills has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Nahar Spinning Mills is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Nahar Spinning Mills competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Nahar Spinning Mills performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NAHARSPING is currently unprofitable.
Growing Profit Margin: NAHARSPING is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NAHARSPING is unprofitable, and losses have increased over the past 5 years at a rate of -19.1% per year.
Accelerating Growth: Unable to compare NAHARSPING's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NAHARSPING is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (6.4%).
Return on Equity
High ROE: NAHARSPING has a negative Return on Equity (-4.19%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Nahar Spinning Mills's financial position?
Financial Position Analysis
Short Term Liabilities: NAHARSPING's short term assets (₹7.4B) exceed its short term liabilities (₹6.2B).
Long Term Liabilities: NAHARSPING's short term assets (₹7.4B) exceed its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: NAHARSPING's debt to equity ratio (70.7%) is considered high.
Reducing Debt: NAHARSPING's debt to equity ratio has reduced from 107.5% to 70.7% over the past 5 years.
Inventory Level: NAHARSPING has a high level of physical assets or inventory.
Debt Coverage by Assets: NAHARSPING's debt is covered by short term assets (assets are 1.2x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NAHARSPING has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: Insufficient data to determine if NAHARSPING has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Nahar Spinning Mills's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NAHARSPING's dividend (2.7%) is higher than the bottom 25% of dividend payers in the Indian market (0.61%).
High Dividend: NAHARSPING's dividend (2.7%) is in the top 25% of dividend payers in the Indian market (2.67%)
Stability and Growth of Payments
Stable Dividend: NAHARSPING's dividend payments have been volatile in the past 10 years.
Growing Dividend: NAHARSPING's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: NAHARSPING is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
T. Mohan (72yo)
Sh. T. Chandar Mohan serves as Chief Executive of Nahar Spinning Mills Ltd.
|MD & Executive Director||0yrs||₹63.39m||0.066% ₹880.6k|
|Independent Director||11.7yrs||₹30.00k||0.000060% ₹801.7|
|Non-Executive Director||0yrs||₹50.00k||0.15% ₹1.9m|
|Independent Director||17.6yrs||₹40.00k||0.000060% ₹801.7|
|Non-Executive Director||0yrs||₹50.00k||no data|
|Non-Executive Chairman||0yrs||₹50.00k||0.0028% ₹37.0k|
|Non-Executive Director||13.1yrs||₹40.00k||no data|
|Independent Director||8.5yrs||₹40.00k||no data|
|Independent Director||2.4yrs||₹50.00k||no data|
|Independent Women Director||2.4yrs||₹50.00k||no data|
Experienced Board: NAHARSPING's board of directors are seasoned and experienced ( 10.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nahar Spinning Mills Ltd's company bio, employee growth, exchange listings and data sources
- Name: Nahar Spinning Mills Ltd
- Ticker: NAHARSPING
- Exchange: NSEI
- Founded: 1980
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹1.336b
- Shares outstanding: 36.07m
- Website: https://www.owmnahar.com/spinning/about.php
Number of Employees
- Nahar Spinning Mills Ltd
- Nahar Tower
- Industrial Area-A
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|500296||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Jul 2001|
|NAHARSPING||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Jul 2001|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 12:55|
|End of Day Share Price||2020/02/27 00:00|
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.