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Nahar Spinning Mills Ltd share Price Today

Company details

303.20
314.65
225.00
359.60
6M Return 7.52%
1Y Return 14.82%
Mkt Cap.(Cr) 1,103.77
Volume 28,679
Div Yield 0.33%
OI
-
OI Chg %
-
Volume 28,679

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Nahar Spinning Mills Ltd shares SWOT Analysis

Strengths (5)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Increasing Revenue every quarter for the past 2 quarters

Weakness (9)

  • Red Flag: High Interest Payments Compared to Earnings
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (2)

  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 312.7
R2 319.4
R3 324.2
Pivot

307.97

S1 301.3
S2 296.5
S3 289.8
EMA SMA
298.6
287.2
285.3
285.0
297.0
277.3
285.9
286.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-31 323.95 206270 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-01-31 324.18 206270 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-11-23 311.16 183200 NSE
Name Category Shares
Nahar Capital and Financial Services Ltd. PROMOTER 46.08%
Nahar Poly Films Limited PROMOTER 19.14%
Shankheshwar Holding Co. Ltd. PROMOTER 1.03%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Nahar Spinning Mills Ltd Stocks COMPARISON

Financials( in Cr) Nahar Spinning Mills Ltd Grasim Industries Ltd Trident Ltd Welspun Living Ltd Vardhman Textiles Ltd
Price 306.05 2,843.75 37.71 170.27 522.20
% Change 0.69 1.48 -0.19 2.87 -1.78
Mcap Cr 1,103.77 193,531.41 19,216.85 16,546.97 15,100.72
Revenue TTM Cr 2,796.91 117,627.08 6,332.26 8,093.76 10,137.49
Net Profit TTM Cr 110.79 11,078.20 441.61 202.51 804.75
PE TTM 0.00 31.01 54.64 24.29 23.89
1 Year Return 14.82 63.80 12.74 76.45 44.31
ROCE 7.48 9.04 11.89 5.91 11.62
ROE 7.02 14.35 10.99 5.03 9.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,553.89 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,113.01 47,751.14
LAST 3M 106,765.53 39,098.02
LAST 6M 194,925.52 15,119.67
LAST 12M 309,990.82 82,593.30

Nahar Spinning Mills Ltd Information

Stock PE (TTM)
0
Promoter Holding
67.04%
Book Value
410.6863
ROCE
7.48%
ROE
7.02%
Description
  • Nahar Spinning Mills Limited incorporated as a Private Limited Company in December, 1980 which became a Public Limited Company in 1983. The Company is engaged in the business of manufacture of cotton yarn/blended and synthetic yarn and hosiery knitwears. The company`s units are located at various places in Ludhiana. It has its own dyeing unit, equipped with modern machinery, at Ludhiana. It set up a new spinning unit to manufacture cotton/synthetic yarn at Simrai, Mandideep, Madhya Pradesh. In 1995, it decided to put up an Acrylic Fibre Project of 18000 tons capacity, as a measure of backward integration the total cost of project amounted to Rs 207.43 cr which was financed by Rights issue of Secured Premium Convertible Bonds with warrants. Due to continues fall in share prices resulted into shortfall for funding of the project. The board in Aug`97 decided to shleve the project and utilise the balance available money collected for this project in a more profitable venture of spinning and garment industries. During 1999-2000, the 100% export oriented spinning unit at village Jalalpur, Distt. Patiala, commenced commercial production. The Company has already installed 16128 Spindles and balance 12096 spindles are under erection. The Company is putting up a Mercerising-cum-Dyeing Plant at Village Lalru, Distt. Patiala, Punjab. The 1st phase of the Company`s Mercerising cum Dyeing Plant commenced commercial production on 15th September,2000. The second phase of expansion of Mercerising unit was completed and the installed capacity of the unit stands incresed to Approx 4500 Kg per day. During 2002-03 the company has replaced old machinery with the Ultra Modern Machinery at a cost Rs.15 crores. During the year 2006, spinning project of 24000 spindles and 720 rotors at Village Lalru, Patiala was commissioned. The Hon`ble Punjab & Haryana High Court sanctioned the Composite Scheme of Demerger and Arrangement between the Company, Nahar Exports Limited and Nahar Capital and Financial Services Limited, vide its Order dated 21st December, 2006, which was filed on 12th January, 2007 at Jalandhar. Thus as per Scheme, Company`s `Investment Activities` stand demerged and transferred to Nahar Capital and Financial Services Limited and `Textile Business` of Nahar Exports Limited`s stand demerged and transferred to the company w.e.f. the appointed date i.e. 1st April, 2006.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 500296
NSE Code : NAHARSPING
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE290A01027

FAQ’s on Nahar Spinning Mills Ltd Shares

You can buy Nahar Spinning Mills Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Nahar Spinning Mills Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 12, 2024 03:59 PM the closing price of Nahar Spinning Mills Ltd was Rs.306.05.

The latest PE ratio of Nahar Spinning Mills Ltd as of Jul 12, 2024 03:59 PM is 0.00

The latest PB ratio of Nahar Spinning Mills Ltd as of Jul 12, 2024 03:59 PM is 1.34

The 52-week high of Nahar Spinning Mills Ltd share price is Rs. 359.60 while the 52-week low is Rs. 225.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 12, 2024 03:59 PM, the market cap of Nahar Spinning Mills Ltd stood at Rs. 1,103.77 Cr.

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