Nahar Spinning Mills Limited (NAHARSPING)

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Nahar Spinning Mills Limited (NAHARSPING) · mywealthgrid

About

Nahar Spinning Mills Limited operates in textile products within the Consumer Discretionary sector. With a market capitalization of ₹1,090.22 Cr and recent quarterly revenue of ₹966.1 Cr, it is a mid-sized player in India's fragmented textile industry. The company shows significant earnings volatility, with recent profitability recovery following prior loss quarters.

Face value: ₹5

Market cap

₹922 Cr

P/E

12.2×

P/B

0.6×

Dividend yield

0.4%

ROE

1.5%

ROCE

4.7%

Debt / equity

0.65

OPM

4.9%

EPS (TTM)

₹21.0

Book value

₹418.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings highly volatile: losses in Sep 2024 (-₹17.46 Cr), Sep 2025 (-₹4.64 Cr), Dec 2025 (-₹12.92 Cr); verify if seasonal, cyclical, or structural.
ROE at 1.45% is critically low; verify if Jun 2026 profit (₹69.88 Cr) reverses this or if working-capital drag and idle capacity persist.
Operating margin swings from -2.67% (Sep 2024) to 13.15% (Jun 2026); verify drivers and sustainability of recent expansion.
D/E 0.65 is moderate but risky if downturns recur; verify covenant flexibility and debt maturity schedule.

Generated analysis · source review pending

Growth drivers

Revenue reached ₹966.1 Cr in Jun 2026 (highest in 8 quarters); verify if this reflects market recovery or one-time factors, and whether momentum can sustain.
Operating margin expanded to 13.15% in Jun 2026 vs. 4.87% trailing average; verify if margin gains are structural (execution, pricing) or cyclical.
EPS surged to ₹19.38 in Jun 2026 from -₹1.29 in Sep 2025; verify what operational improvements enabled this recovery and if durable.
D/E ratio of 0.65 provides headroom for growth capex if management pursues expansion; verify capital allocation priorities and strategies.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹255.5-2.4%1Y

Quick read

rule-based

Pros

+High promoter holding of 68% with no pledge

Cons

−Low return on equity of -0.4% (3-yr avg)
−Thin operating margin of 4.9%
−Profit declined 12% a year over the last 5 years
−Modest revenue growth of 8.8% a year over the last 5 years
−Weak interest coverage of 1.5×
−Low dividend payout of 4.8% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 14
Growth: 49

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
K.p.r. Mill LimitedKPRMILLKPRMILL	₹36,607 Cr	₹37,203 Cr	₹6,820 Cr	₹1,332 Cr	19.1%	₹912 Cr	13%	21.4%	16.2%	181
Welspun Living LimitedWELSPUNLIVWELSPUNLIV	₹22,941 Cr	₹24,744 Cr	₹9,934 Cr	₹884 Cr	8.4%	₹278 Cr	2.3%	6.6%	4.2%	108
Vardhman Textiles LimitedVTLVTL	₹15,322 Cr	₹17,177 Cr	₹10,186 Cr	₹1,387 Cr	12.6%	₹848 Cr	7.6%	8.6%	7.3%	259
Trident LimitedTRIDENTTRIDENT	₹11,293 Cr	₹13,061 Cr	₹6,781 Cr	₹877 Cr	13%	₹395 Cr	5.6%	10.6%	8%	103
Indo Count Industries LimitedICILICIL	₹8,789 Cr	₹9,862 Cr	₹4,390 Cr	₹424 Cr	9.5%	₹151 Cr	3.1%	10%	5.5%	215
Garware Technical Fibres LimitedGARFIBRESGARFIBRES	₹7,630 Cr	₹7,671 Cr	₹1,644 Cr	₹306 Cr	18.6%	₹190 Cr	13%	21.6%	15.3%	172
Kusumgar LimitedKUSUMGARKUSUMGAR	₹6,222 Cr	₹6,445 Cr	₹692 Cr	₹188 Cr	27.2%	₹98 Cr	14.2%	43.8%	35.2%	—
Filatex India LimitedFILATEXFILATEX	₹4,712 Cr	₹4,840 Cr	₹4,256 Cr	₹346 Cr	8.3%	₹191 Cr	4.4%	17.4%	12.9%	-4
Jindal Worldwide LimitedJINDWORLDJINDWORLD	₹4,594 Cr	₹5,152 Cr	₹2,300 Cr	₹124 Cr	5.9%	₹80 Cr	3.1%	13.5%	7.9%	112
Sanathan Textiles LimitedSANATHANSANATHAN	₹4,257 Cr	₹5,744 Cr	₹4,401 Cr	₹323 Cr	7.5%	₹61 Cr	2%	6.9%	4.2%	-25
Raymond Lifestyle LimitedRAYMONDLSLRAYMONDLSL	₹3,823 Cr	₹5,023 Cr	₹6,973 Cr	₹671 Cr	9.6%	₹43 Cr	0.7%	4%	0.5%	102
Alok Industries LimitedALOKINDSALOKINDS	₹3,505 Cr	₹29,610 Cr	₹3,775 Cr	₹66 Cr	0.8%	₹-711 Cr	-20%	-4%	—	93

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,037	2,132	2,133	2,305	2,083	2,112	3,594	2,797	3,050	3,285	3,218
COGS	-1,135	-1,241	1,376	1,394	1,358	1,308	1,936	1,866	2,109	2,227	2,151
Gross profit	—	—	757	912	725	804	1,658	931	941	1,057	1,067
	3,024	3,190	668	681	666	610	854	723	863	901	910
	147	183	89	230	59	194	804	208	78	156	157
OPM %	7.2%	8.6%	4.2%	10%	2.8%	9.2%	22.4%	7.5%	2.6%	4.8%	4.9%
Depreciation	—	96	94	84	82	82	75	73	88	95	91
Interest	58	41	50	55	63	65	68	30	66	74	54
	16	22	9	13	7	7	15	44	16	34	15
Profit before tax	80	68	-46	104	-78	54	675	150	-61	21	26
Tax	30	22	-14	38	-25	12	173	40	-10	9	4
Tax %	37.3%	32.4%	-30.5%	36.9%	-32%	22.6%	25.6%	26.3%	-16.8%	41.6%	16.2%
	50	46	-32	66	-53	41	502	111	-51	12	22
PAT margin %	2.5%	2.2%	-1.5%	2.9%	-2.6%	2%	14%	4%	-1.7%	0.4%	0.7%
EPS (₹)	—	—	-8.9	18.2	-14.4	11.2	139.5	32.2	-13.8	3.1	6.9
EPS adjusted (₹)	—	—	—	—	—	11.5	139.1	30.7	-14.2	3.4	6
	—	—	—	5.5%	—	13.4%	2.5%	4.7%	—	32.4%	14.5%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	18	18	18	18	18	18
Reserves	880	1,583	1,536	1,463	1,471	1,494
Minority interest	—	—	—	—	—	0
	1,048	978	730	1,151	1,101	983
	256	372	230	257	160	198
Total equity & liabilities	2,202	2,951	2,514	2,889	2,750	2,693
	716	745	831	911	858	810
CWIP	28	21	101	3	5	32
Investments	69	313	170	141	145	152
	1,389	1,872	1,412	1,835	1,741	1,699
Total assets	2,202	2,951	2,514	2,889	2,750	2,693

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-85	261	609	-395	93	190
	-53	-161	-257	-49	14	-85
	136	-99	-303	393	-76	-136
Net cash flow	-3	2	49	-51	32	-31
Free cash flow	-137	162	338	-510	48	119
CFO / Operating profit %	-44%	32.5%	292.1%	-508%	59.6%	121.2%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	39.5%	34.8%	38.1%	46.1%	33.3%	30.8%	32.2%	33.2%
EBITDA margin %	10%	2.8%	9.2%	22.4%	7.5%	2.6%	4.8%	4.9%
EBIT margin %	6.4%	-1.1%	5.3%	20.3%	4.9%	-0.4%	1.9%	2%
PAT margin %	2.9%	-2.6%	2%	14%	4%	-1.7%	0.4%	0.7%
Working capital
Receivable days	—	—	53	53	41	51	69	58
Inventory days	—	—	207	198	155	194	141	143
Payable days	—	—	9	4	19	5	4	7
NWC days	—	—	251	247	177	240	205	194
Leverage
Current ratio	—	—	1.24	1.56	1.89	1.5	1.64	1.71
Debt to EBITDA	—	—	5.41	1.22	3.5	14.81	7.05	6.28
Debt to equity	—	—	1.17	0.61	0.47	0.78	0.74	0.65
Interest coverage	2.9	-0.2	1.8	10.9	6	0.1	1.3	1.5
Asset turnover	—	—	0.96	1.22	1.11	1.06	1.19	1.19
Return ratios
Return on assets %	—	—	1.9%	17%	4.4%	-1.8%	0.4%	0.8%
Return on capital employed %	—	—	10.7%	50.8%	9.9%	0.3%	5.5%	4.7%
Return on equity %	—	—	4.6%	31.4%	7.1%	-3.4%	0.8%	1.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66.61%	66.72%	67.04%	67.07%	67.07%	67.07%	67.43%	67.43%	67.43%	67.43%	67.96%	68.03%
	0.25%	0.22%	0.14%	0.11%	0.11%	0.12%	0%	0.08%	0.09%	0%	0.08%	0%
	0.56%	0.59%	0.59%	0.59%	0.73%	0.73%	0.59%	0.59%	0.59%	0.59%	0.01%	0.01%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	32.58%	32.47%	32.23%	32.23%	32.09%	32.08%	31.98%	31.9%	31.89%	31.98%	31.95%	31.96%
No. of shareholders	—	—	—	—	—	—	—	—	28,690	27,734	27,071	26,127

Promoter holding up 1.42 percentage points since Sep 2023.

4 deals · 23 Nov 2023 – 31 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
31 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,06,270	₹324.18	₹6.69 Cr
31 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,06,270	₹323.95	₹6.68 Cr
23 Nov 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,83,200	₹311.39	₹5.70 Cr
23 Nov 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,83,200	₹311.16	₹5.70 Cr

1–4 of 4

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Jawahar Lal OswalNon-Executive - Non Independent Director-Chairperson related to Promoter
Anil GargChief Finance Officer
Mr. Dinesh OswalExecutive Director-MD
Mr. Kamal OswalNon-Executive - Non Independent Director
Mr. Dinesh GognaNon-Executive - Non Independent Director
Mr. Satish Kumar SharmaNon-Executive - Non Independent Director
Mrs. Manisha GuptaNon-Executive - Independent Director
Mr. Vijay AsdhirNon-Executive - Independent Director
Mr. Yash Paul SachdevaNon-Executive - Independent Director
Mr. Anchal Kumar JainNon-Executive - Independent Director
Mr. Roshan Lal BehlNon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Nahar Spinning Mills Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

67 announcementsExport CSV

28 Sept 2026, 11:00 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

3 Sept 2026, 5:18 pmCompany Update

DEMAT REPORT FOR THE MONTH OF AUGUST 2026

General PDF

2 Sept 2026, 4:32 pmCompany Update

Intimation Under Regulation 36(1)(B) Of The SEBI ( Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

2 Sept 2026, 3:43 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

27 Aug 2026, 11:11 amCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

25 Aug 2026, 5:34 pmOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

25 Aug 2026, 4:21 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

25 Aug 2026, 3:41 pmAGM/EGM

Notice Of Annual General Meeting Dated 25.09.2026

AGM PDF

Date	Category	Subject	Filing
28 Sept 2026, 11:00 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
3 Sept 2026, 5:18 pm	Company Update General	DEMAT REPORT FOR THE MONTH OF AUGUST 2026	PDF

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Nahar Spinning Mills Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

19

1

Compounded sales growth

Compounded profit growth

Return on equity

Nahar Spinning Mills Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Dividends19

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

19

1