Minerva Capital Research Solutions

Nahar Spinning Mills

NSE: NAHARSPINGBSE: 500296
Compare with peers
₹ 254.00▲ 6.5 (+2.63%)28 Oct, 03:29 pm IST
Market cap
₹ 868 Cr.
P/E
12.1x
P/B
0.57x
52-week range
149.2 – 349
ROE
2%
ROCE
3%
Dividend yield
0.4%
Debt / equity
0.65
Sector
Textiles & Apparels
Industry
Other Textile Products
Listed on
NSE, BSE

About

Nahar Spinning Mills Limited is engaged in the business of manufacture of cotton yarn/blended yarn and hosiery knitwear. The Company offers various products such as yarn and knitted garments. Its yarns include 100% cotton-raw white and dyed yarns; raw white combed yarns; raw white carded yarns/open end yarns; dyed yarns; organic cotton yarn (raw white and dyed); fair trade cotton yarn; melange yarn; 100% gassed/mercerized yarns; compact spun yarns; blended yarns; specialized blended yarns; synthetic/manmade fiber yarns; cleaner yarn, and specialized yarns, such as Grindle Yarn, Space Dyed Yarn, Slub Yarn, Core Spun yarn, and others. The Company's knitted garments include spinning, knitted fabric, dyeing facility, mercerizing & dyeing, processing & finishing, lab & testing, garmenting, embroidery, and printing. The Company's single knits include Single Jersey, Pique, Textures, Fleece, and its double knits include Interlocks, Drop Needle, Textures, Ribs, Feeder strippers, among others.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Other Textile Products: 275 companies →

Nahar Spinning Mills against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)12.1 against a typical 16.7: cheaper than most peers (1st = cheapest).109th of 268
  • Sales growth+17.9% against a typical +6.7% from a year earlier.72nd of 234
  • Profit growth+337.5% against a typical +12.9% from a year earlier.17th of 166
  • Share price, 3 months−9.7% against a typical −4%.151st of 240
  • Size₹ 867.7 Cr. market value against a typical ₹ 58.7 Cr. (1st = largest).26th of 256

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A by CRISIL
A
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CRISILCrisil AStable25 Aug 2026
Credit rating actions
RatingDetails
25 Aug 2026
Reaffirmed
Crisil A—CRISIL₹ 1,531.9 Cr.
24 Jul 2026
Reaffirmed
Crisil A—CRISIL₹ 1,531.9 Cr.
25 Sep 2025
Reaffirmed
Crisil A—CRISIL₹ 1,531.9 Cr.
26 Aug 2025
Rating action
Crisil A—CRISIL₹ 1,531.9 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
30 Oct 2026UpcomingFinancial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2026 and other business matters
5 Aug 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
28 May 2026Financial Results/DividendNAHAR SPINNING MILLS LIMITED has informed the Exchange about Board Meeting to be held on 28-May-2026 to consider and approve the Yearly Audited Financial results of the Company and Dividend, if any for the financial year ended March 2026.
7 Feb 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended December 31, 2025 and other business matters
13 Nov 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2025 and other business matters
31 Jul 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2025 and other business matters
28 May 2025Financial Results/Dividend/Other business mattersTo consider and approve the financial results for the period ended March 31, 2025, dividend and other business matters

Share price

1Y change +22.88%
Volume (shares)Price (₹)
Close price

Financials

Standalone figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales728758815821776812876819779703917966
Expenses715739775768771774809761753688858839
Operating Profit131840535386658261559127
OPM %1.8%2.4%4.9%6%0.6%4.7%8%7%3.3%2.1%6%13%
Other Income31511621032459
Interest131622211815201711131319
Depreciation212324242424242323232224
Profit before tax−18−2009−2113221−7−172993
Tax %−1%−24%385%26%−19%42%31%24%−34%−24%20%25%
Net Profit−18−1507−1712216−5−132370
EPS in Rs−4.99−4.21−0.11.84−4.840.216.214.42−1.29−3.586.4919.36

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
5%
5 Years
9%
3 Years
5%
TTM
2%
Compounded Profit Growth
10 Years
−7%
5 Years
−11%
3 Years
−41%
TTM
208%
Stock Price CAGR
10 Years
10%
5 Years
−5%
3 Years
3%
TTM
—
Return on Equity
10 Years
6%
5 Years
8%
3 Years
0%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
68.02%
+0.6 pts in a year
FIIs
0%
−0.08 pts in a year
DIIs
0.02%
−0.57 pts in a year
Public
31.95%
+0.05 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 12.1xEPS (12 months) ₹ 21.16Median P/E 7.1x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Nahar Spinning Mills₹ 254.00₹ 868 Cr.12.1x0.6x2%—
Page Industries₹ 33,830.00₹ 37,734 Cr.56.1x29.6x52.5%14.6%
Vardhman Textiles₹ 495.00₹ 14,319 Cr.23.5x1.8x7.3%7.6%
Indo Count Industries₹ 390.35₹ 7,721 Cr.57.5x3.3x5.4%3%
Alok Industries₹ 8.10₹ 4,022 Cr.———−20%
Gokaldas Exports₹ 673.70₹ 4,937 Cr.63.1x2.8x4.7%2.5%

Management

Anil Kumar Garg
Chief Financial Officer
Brij M. Sharma
Compliance Officer, Company Secretary
Dinesh Oswal
Managing Director, Executive Director
Prem Kishore Vashishth
General Manager - Finance

Prices are delayed and for information only. Nothing on this page is investment advice.