As of 6 Nov 2026, Nahar Spinning Mills trades at 11.3× trailing earnings, below the industry P/E of 17.0×, and the shares are 29% below their 52-week high. Sales grew 4.6% a year over 3 years while net profit fell 42%; its ROCE of 4.4% is the lowest among the 7 largest Textile Manufacturing peers. Debt is 0.51× equity, and its dividend yield is 0.4%. It is a small-cap company with a market cap of ₹895 Cr, ranked 33rd of 246 Textile Manufacturing companies by market cap; the shares rose 25% over the past year.
- ₹256.00
- ₹256.00
- ₹242.20
- ₹256.35
- 27K
Health check
- ReturnsIn line
+25.2% over a year, better than 4 of 7 peers.
- Price tagCheaper
P/E 11.3 vs industry 17.0.
- GrowthSlow
Sales +4.6%, profit −41.8% a year over 3 years.
- ProfitabilityWeak
ROCE 4.4% vs peer median 10.7%.
- Balance sheetFair
Debt 0.51× equity, interest covered 1.5×, Piotroski 8 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹895 Cr
- Small cap
- P/E
- 11.3
- Industry 17.0
- Price to book
- 0.54
- Peers 3.81
- Dividend yield
- 0.40%
- ROE
- 9.5%
- Peers 10.1%
- ROCE
- 4.4%
- Peers 10.7%
- Debt to equity
- 0.51
- Debt ₹851 Cr
- EPS (TTM)
- ₹21.87
- Face value ₹5
- OPM (TTM)
- 6.7%
- Net margin 4.4%
- Sales growth
- +17.9%
- Latest quarter vs a year ago
- Profit growth
- +337.8%
- Latest quarter vs a year ago
- Price to sales
- 0.26
- EV/EBITDA 5.4
Strengths and risks
Strengths
- Quarterly profit up 337.8% on a year ago.
- Quarterly sales up 17.9% on a year ago.
- P/E of 11.3 against an industry P/E of 17.0.
About Nahar Spinning Mills
Nahar Spinning Mills Limited manufactures and sells yarns and garments in India. It offers woollen, woollen blended, cotton, polyester cotton, other blended, compact, mercerized gassed, and organic cotton yarns; cotton and blended knitted hosiery pullovers, T shirts, baby suites, ladies' tops, winter thermals, tracksuits, jackets, hoodies, etc.; woollen pullovers, cardigans, shirts, coats, baby suites, mufflers, shawls, blankets, knitting wool, etc.; and…
- Headquarters
- Ludhiana
- Employees
- 9,863
- Sector
- Consumer Cyclical
- ISIN
- INE290A01027
- Website
- owmnahar.com
Price range
- Avg volume (3M)
- 31.2K
- 1-year return
- plus 25.2%
- From 52-week high
- minus 28.9%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| NAHARSPINGNahar Spinning Mills | 248.15 | minus 3.20% | 895 | 11.3 | 0.54 | 4.4% | 9.5% | 6.7% | 4.6% | −41.8% | 0.40% | plus 25.2% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.91% | 22.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 819 | 779 | 703 | 917 | 966 | |
| 761 | 753 | 688 | 858 | 839 | |
| 58 | 25.8 | 14.8 | 59 | 127 | |
| 7.1% | 3.3% | 2.1% | 6.4% | 13.2% | |
| 3.7 | 1.7 | 4.1 | 5.7 | 9.4 | |
| 17.2 | 11.4 | 13 | 12.8 | 18.6 | |
| 23.2 | 22.9 | 22.8 | 22.5 | 24.5 | |
| −0.2 | −0.2 | −0.2 | −0.2 | −0 | |
| 21.1 | −7 | −17.1 | 29.1 | 93.4 | |
| 24.2% | 34.0% | 24.3% | 19.5% | 25.2% | |
| 16 | −4.6 | −12.9 | 23.4 | 69.9 | |
| 4.43 | -1.29 | -2.67 | 6.45 | 19.38 |
Profit & loss
- Sales CAGR 3Y
- +4.6%
- Profit CAGR 3Y
- −41.8%
- EPS CAGR 3Y
- −40.1%
- ROE
- 9.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,736 | 2,955 | 3,191 | 3,129 | |
| – | +8.0% | +8.0% | minus 1.9% | |
| 2,518 | 2,849 | 3,024 | 2,951 | |
| 219 | 106 | 167 | 178 | |
| 8.0% | 3.6% | 5.2% | 5.7% | |
| 32.4 | 7.4 | 22.1 | 2.6 | |
| 28.8 | 65 | 71.7 | 50.4 | |
| 72.6 | 88.5 | 95.2 | 91.3 | |
| 0.7 | −20.8 | −0.9 | −13 | |
| 150 | −61.4 | 21.1 | 26 | |
| 26.3% | 16.8% | 41.5% | 16.2% | |
| 111 | −51.1 | 12.4 | 21.8 | |
| – | minus 146.1% | – | +76.6% | |
| 32.24 | -13.84 | 3.09 | 6.92 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 18.1 | 18.1 | 18.1 | 18.1 | |
| 1,536 | 1,463 | 1,471 | 1,494 | |
| 730 | 1,151 | 1,101 | 983 | |
| 230 | 257 | 160 | 198 | |
| 2,514 | 2,889 | 2,750 | 2,693 | |
| 1,001 | 964 | 867 | 863 | |
| 170 | 52.7 | 9.4 | 53.4 | |
| 148 | 134 | 139 | 147 | |
| 67.2 | 0.9 | 32.6 | 1.2 | |
| 1,128 | 1,738 | 1,702 | 1,629 | |
| 2,514 | 2,889 | 2,750 | 2,693 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 609 | −395 | 93.1 | 190 | |
| −257 | −49.3 | 14.3 | −85.5 | |
| −303 | 393 | −75.7 | −136 | |
| 49.1 | −51.3 | 31.6 | −31.4 | |
| −271 | −214 | −45.2 | −71.2 | |
| 338 | −608 | 47.9 | 119 | |
| −7.2 | −5.4 | −3.6 | −3.6 |
Shareholding pattern
- Promoters68.03%
- Public31.97%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 68.03% | 31.97% | 0.00 | |
| 30 Jun 2026 | 68.03% | 31.97% | plus 0.07 | |
| 31 Mar 2026 | 67.96% | 32.04% | plus 0.53 | |
| 31 Dec 2025 | 67.43% | 32.57% | 0.00 | |
| 30 Sep 2025 | 67.43% | 32.57% | – |
Major shareholders
Filings & events
News
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