Equity Capital: 1,600.56 Cr FV: 5.00
|Period||MF Net Purchase / (sold)||FII Net|
|Aug 11, 2022||Dividend||40|
|Nov 16, 2021||Dividend||30|
|Sep 16, 2021||Dividend||30|
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.
|AGM Date (Month)||:||Sep|
|Face Value Equity Shares||:||5|
|Market Lot Equity Shares||:||1|
|Book Closure Date (Month)||:||Sep|
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 May 30, 2023 03:19 PM the closing price of Nahar Spinning Mills Ltd was ₹ 273.50.
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 May 30, 2023 03:19 PM, the market cap of Nahar Spinning Mills Ltd stood at ₹ 986.38.
The latest PE ratio of Nahar Spinning Mills Ltd as of May 30, 2023 03:19 PM is 4.68
The latest PB ratio of Nahar Spinning Mills Ltd as of May 30, 2023 03:19 PM is 1.64
The 52-week high of Nahar Spinning Mills Ltd is ₹ 432.35 while the 52-week low is ₹ 214.00