Nahar Spinning Mills Ltd.
NSE: NAHARSPING · Other Textile Products · sector
₹240.70NSE close 2026-10-26
Key numbers
Market cap₹868 cr
Price₹240.70
52w high / low₹349 / ₹149
P/E11.0xSector median 13.7x
P/B0.6xSector median 1.1x
Book value₹419.3
Dividend yield0.41%Sector median 0.51%
ROE5.0%Sector median 5.4%
ROCE6.2%Sector median 7.5%
OPM6.7%Sector median 6.6%
Debt / equity0.65xSector median 0.43x
EV/EBITDA8.2xSector median 9.6x
Interest cover2.8x
Current ratio1.71x
Sales growth 3y+4.8%Sector median +0.6%
Profit growth 3y-41.8%Sector median +1.1%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 222 companies in Other Textile Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2 cr vs borrowings ₹983 cr (FY26): borrowings are higher by ₹981 cr.
- Operating profit covered interest 2.8x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 0.60 percentage points in a year, to 68.03% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY24, FY22).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 28% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹240.70 on 2026-10-26: -31.0% from the 52-week high, +61.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹328.95 · low ₹155.42
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 776 | 812 | 876 | 819 | 779 | 703 | 917 | 966 |
| EBITDA | 3 | 37 | 65 | 58 | 26 | 15 | 59 | 127 |
| OPM % | 0.4% | 4.5% | 7.4% | 7.0% | 3.3% | 2.1% | 6.4% | 13.2% |
| Other income | 18 | 3 | 11 | 4 | 2 | 4 | 6 | 9 |
| Net profit | -17 | 1 | 22 | 16 | -5 | -13 | 23 | 70 |
| EPS (₹) | -4.84 | 0.21 | 5.88 | 4.43 | -1.29 | -2.67 | 6.45 | 19.38 |
| Revenue YoY | +0.4% | -13.5% | +4.7% | +17.9% | ||||
| Profit YoY | – | -1,800.0% | +4.5% | +337.8% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,594 | 2,797 | 3,050 | 3,285 | 3,218 | 3,365 |
| EBITDA | 804 | 208 | 78 | 156 | 157 | 226 |
| Net profit | 502 | 111 | -51 | 12 | 22 | 76 |
| EPS (₹) | 139.50 | 32.24 | -13.84 | 3.09 | 6.92 | 21.87 |
| Revenue growth | -22.2% | +9.0% | +7.7% | -2.0% | +2.5% | |
| Profit growth | -77.9% | -146.1% | – | +76.7% | +249.4% | |
| Dividend / share (₹) | 3.00 | 2.00 | 1.50 | 1.00 | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.8% | – | +2.5% |
| Net profit | -41.8% | – | +249.4% |
| EPS | -40.1% | – | – |
| Share price | – | -6.0% (2y) | +17.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,554 | 1,481 | 1,489 | 1,512 |
| Borrowings | – | 730 | 1,151 | 1,101 | 983 |
| Cash & equivalents | – | 68 | 2 | 33 | 2 |
| Total assets | – | 2,514 | 2,889 | 2,750 | 2,693 |
| Fixed assets | – | 830 | 911 | 858 | 810 |
| Capital work in progress | – | 101 | 3 | 5 | 32 |
| Investments | – | 148 | 134 | 139 | 146 |
| Receivables | – | 315 | 428 | 618 | 512 |
| Inventory | – | 793 | 1,120 | 860 | 845 |
| Payables | – | 99 | 27 | 26 | 41 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 261 | 609 | -395 | 93 | 190 |
| Cash from investing | -161 | -257 | -49 | 14 | -85 |
| Cash from financing | -99 | -303 | 393 | -76 | -136 |
| Capex | 99 | 271 | 115 | 45 | 71 |
| Free cash flow | 162 | 338 | -510 | 48 | 119 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.1% | -3.4% | 0.8% | 1.4% |
| ROCE % | – | 7.9% | 0.2% | 3.7% | 3.2% |
| Debtor days | – | 41 | 51 | 69 | 58 |
| Inventory days | – | 155 | 194 | 141 | 143 |
| Payable days | – | 19 | 5 | 4 | 7 |
| Cash conversion cycle (days) | – | 177 | 240 | 206 | 194 |
| Working capital days | – | 81 | 70 | 74 | 77 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 68.03% |
| FIIs | 0.07% |
| DIIs | 0.01% |
| of which Mutual funds | 0.01% |
| Public (non-institutions) | 31.88% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 67.07% | 67.43% | 67.43% | 67.43% | 67.43% | 67.96% | 68.03% | 68.03% |
| Promoter group | % |
|---|---|
| Nahar Capital and Financial Services Ltd. | 47.07% |
| Nahar Poly Films Limited | 19.14% |
| Shankheshwar Holding Co. Ltd. | 1.03% |
| Dinesh Oswal | 0.34% |
| Jawahar Lal Oswal | 0.25% |
| Kamal Oswal | 0.07% |
| Abhilash Oswal | 0.04% |
| Monica Oswal | 0.03% |
| Ruchika Oswal | 0.03% |
| Sambhav Oswal | 0.00% |
| Ritu Oswal | 0.00% |
| Tanvi Oswal | 0.00% |
| Abhinav Oswal | 0.00% |
| Manisha Oswal | 0.00% |
| Rishabh Oswal | 0.00% |
| Public holders above 1% | % |
|---|---|
| Anil Kumar Goel | 5.14% |
| Investors Education and Protection Fund Authority | 1.97% |
| Seema Goel | 1.90% |
25,523 shareholders. Pledged: 0.00% of promoter shares.
Peers in Other Textile Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SHRMFGC | ₹77,110 cr | – | – | – | – | – | – | – |
| SIYSIL | ₹43,629 cr | 184.0x | 29.9x | 17.3% | 19.4% | 12.6% | +4.8% | 0.12% |
| KPRMILL | ₹34,532 cr | 37.9x | 6.1x | 17.1% | 19.8% | 19.5% | +2.4% | 0.50% |
| WELSPUNLIV | ₹19,740 cr | 71.8x | 4.0x | 5.7% | 8.0% | 8.7% | +5.1% | 1.06% |
| VTL | ₹14,110 cr | 16.6x | 1.3x | 8.3% | 9.2% | 13.6% | -0.9% | 1.04% |
| TRIDENT | ₹10,513 cr | 26.4x | 2.2x | 8.4% | 10.0% | 12.9% | +1.9% | 2.41% |
| ICIL | ₹7,906 cr | 52.4x | 3.4x | 6.5% | 9.8% | 9.7% | +11.2% | 0.50% |
| GARFIBRES | ₹7,048 cr | 34.0x | 5.2x | 14.6% | 21.4% | 17.7% | +5.4% | 1.33% |
| KUSUMGAR | ₹5,714 cr | – | – | – | – | – | – | – |
| NAHARSPING | ₹868 cr | 11.0x | 0.6x | 5.0% | 6.2% | 6.7% | +4.8% | 0.41% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-04 | Dividend | Dividend - Re 1 Per Share |
| 2025-09-04 | Dividend | Dividend - Re 1 Per Share |
| 2024-09-06 | Dividend | Dividend - Re 1 Per Share |
| 2023-09-08 | Dividend | Dividend - Rs 1.50 Per Share |
| 2022-08-11 | Dividend | Dividend - Rs 2 Per Share |
| 2021-11-16 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2021-09-16 | Dividend | Dividend - Rs 1.50 Per Share |
| 2019-09-12 | Dividend | Dividend - Rs 1 Per Share |
| 2018-09-10 | Dividend | Dividend Re 0.50 Per Share |
| 2017-08-31 | Dividend | Dividend - Rs 1.50 Per Share |
| 2016-09-08 | Dividend | Dividend - Rs 1.50 Per Share |
| 2015-09-10 | Dividend | Dividend - Re 1/- Per Share |
| 2014-09-11 | Dividend | Dividend Re 1 Per Share |
| 2013-09-19 | Dividend | Dividend - Re 1/- Per Share |
| 2012-08-22 | Other | Annual General Meeting |
| 2011-09-08 | Dividend | Dividend-Rs.2/- Per Share |
| 2010-09-16 | Dividend | Dividend-Rs.1.50 Per Share |
| 2009-09-18 | Dividend | Dividend-Re.0.50 Pr Share |
| 2008-09-18 | Dividend | Agm/Dividend - 30% |
| 2007-09-19 | Dividend | Dividend-50% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacture and Export of yarns and knitted garments
| Sector | Consumer Discretionary |
| Industry | Other Textile Products |
| Sub-industry | Other Textile Products |
| Symbol | NAHARSPING |
| BSE code | 500296 |
| ISIN | INE290A01027 |
| Face value | ₹5.0 |
| Incorporated | 1980-12-16 |
| Website | www.owmnahar.com |
| Plants (India / abroad) | 8 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.