Current price is more than the intrinsic value

Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Red Flags Found

The shares of Bhilwara Spinners, Nitin Spinners and Nahar Spinning Mills companies rose 252%, 316%, 711%, respectively, over the past one-year period

Several textile cos’ stocks rallied in past 1 yr on GST hike deferment, PLI

Nahar Spinning Mills rose 3.08% to Rs 590 after the company reported net profit of Rs 136.58 crore in Q2 September 2021 as against net loss of Rs 16.80 crore in Q2 September 2020.

Nahar Spinning jumps after turnaround Q2 numbers

Nahar Spinning Mills reports standalone net profit of Rs 136.58 crore in the September 2021 quarter

The company’s rating outlook on the long-term bank facilities has been upgraded to CRISIL A/Stable from CRISIL A-/Stable and on the short-term bank facility to CRISIL Al from ’CRISILA2+.

CRISIL upgrades credit rating on Nahar Spinning Mills bank facilities

Further, the rating on the 23.5 crore commercial paper has been upgraded to CRISIL A1 from CRISIL A2+.

Nahar Spinning Mills receives revision in credit ratings from CRISIL

Nahar Spinning Mills reports standalone net profit of Rs 100.34 crore in the June 2021 quarter

Nahar Spinning Mills reports standalone net profit of Rs 63.41 crore in the March 2021 quarter

Nahar Spinning Mills reports standalone net profit of Rs 20.22 crore in the December 2020 quarter

BRIEF-India’s Nahar Spinning Mills Reports Dec-Qtr Net PAT

Spinning Mills In Focus after the margins double and export orders rise. But what are the other factors and is this trend sustainable? There has been a demand supply gap post the lockdown, by when do companies expect the demand-supply gap to normalise? What is the current capacity utilisation and are companies looking at capacity expansion to meet the additional demand given the shift from China? ET NOW speaks to Dinesh Nolkha, MD, Nitin Spinners, and Dinesh Oswal MD, Nahar Spinning Mills to find out.

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Spinning Mills In Focus

Nahar Spinning Mills reports standalone net loss of Rs 16.80 crore in the September 2020 quarter

Nahar Spinning Mills Limited is a textile company. The Company's products include yarns and knitted garments.

Nahar Spinning Mills Ltd

Nahar Spinning Mills Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Several textile cos’ stocks rallied in past 1 yr on GST hike deferment, PLI

Nahar Spinning jumps after turnaround Q2 numbers

Nahar Spinning Mills reports standalone net profit of Rs 136.58 crore in the September 2021 quarter

CRISIL upgrades credit rating on Nahar Spinning Mills bank facilities

Nahar Spinning Mills receives revision in credit ratings from CRISIL

Nahar Spinning Mills reports standalone net profit of Rs 100.34 crore in the June 2021 quarter

Nahar Spinning Mills reports standalone net profit of Rs 63.41 crore in the March 2021 quarter

Nahar Spinning Mills Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Several textile cos’ stocks rallied in past 1 yr on GST hike deferment, PLI

Nahar Spinning jumps after turnaround Q2 numbers

Nahar Spinning Mills reports standalone net profit of Rs 136.58 crore in the September 2021 quarter

CRISIL upgrades credit rating on Nahar Spinning Mills bank facilities

Nahar Spinning Mills receives revision in credit ratings from CRISIL

Nahar Spinning Mills reports standalone net profit of Rs 100.34 crore in the June 2021 quarter

Nahar Spinning Mills reports standalone net profit of Rs 63.41 crore in the March 2021 quarter

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock