NSE: NAHARINDUS · BSE: 519136
NAHAR INDS ENT LTD
Manufactures textiles and sugar, with textiles contributing 84.6% of FY26 segment revenue at Rs. 1,190.18 crore and sugar 15.4% at Rs. 216.34 crore. Cotton is a key raw material — the company stores raw cotton bales at a godown at its Lalru unit in Mohali district, Punjab. The sugar segment earns a higher EBIT (Rs. 36.25 crore in FY26) than textiles (Rs. 23.01 crore), despite being roughly a fifth of the textile segment's size. Materials are the largest cost line at 53.2% of revenue, followed by other operating expenses at 24.5% and employee costs at 13.2%. The company is registered in Ludhiana and runs manufacturing operations in Punjab. Five wholly-owned subsidiaries were incorporated between May 2024 and January 2026 in real estate and education sectors. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textile (85%), Sugar (15%), Others (0%). Diversified manufacturing with a large cyclical textile business and a smaller sugar business.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,006 | 1,774 | 1,472 | 1,530 | 1,408 |
| EBITDA (ex other income) | 305 | 144 | 55 | 70 | 60 |
| margin % | 15.2 | 8.1 | 3.7 | 4.5 | 4.2 |
| Owners' profit | 157 | 79 | 10 | 0 | 0 |
| EPS, as reported (₹) | 39.41 | 19.80 | 2.25 | 4.28 | 11.88 |
| ROE % · ROCE % | 17.5 · 27.1 | 8.3 · 13.2 | 1.0 · 3.7 | 1.9 · 5.7 | 4.9 · 7.7 |
| Debt / equity (x) | 0.78 | 0.29 | 0.55 | 0.63 | 0.65 |
| Cash from operations | 85 | 504 | (72) | 78 | 69 |
| Capex | 0 | 0 | 0 | (172) | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 356 | 430 | 390 | 389 | 340 | 340 | 339 | 317 |
| Profit before tax | (4) | 8 | 19 | 5 | 20 | 9 | 32 | 30 |
| Net profit | (3) | 5 | 16 | 4 | 16 | 6 | 25 | 25 |
| EPS (₹) | (0.75) | 1.07 | 3.74 | 0.95 | 3.82 | 1.34 | 5.78 | 5.78 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Textile | 1,190 | 84.6 |
| Sugar | 216 | 15.4 |
| Others | 1 | 0.1 |
| Total, before eliminations | 1,407 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.0 | 16.8 | 27 of 179 | 85% |
| P/B | 0.5 | 1.1 | 33 of 185 | 83% |
| ROCE | 4.7 | 4.3 | 102 of 215 | 53% |
| ROE | 4.9 | 4.7 | 89 of 188 | 53% |
| Debt / Equity | 0.7 | 0.4 | 121 of 188 | 36% |
| EBITDA margin | 17.3 | 9.8 | 43 of 198 | 79% |
| Revenue growth | (18.5) | 6.9 | 158 of 192 | 18% |
| Profit growth | 510.5 | 20.0 | 16 of 203 | 93% |
| Market cap | 508 | 61 | 41 of 223 | 82% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Nahar Industrial Enterprises sets up wholly owned warehousing subsidiary | strategic transactions | medium | — | — |
| 14 Oct 2026 · Nahar Industrial Enterprises: 1,350 Shares Dematerialised Apr-Sep 2026 | compliance | minimal | — | — |
| 14 Oct 2026 · RTA confirms compliance with SEBI Regulation 74(5) for Q2 FY26-27 | compliance | minimal | — | — |
| 30 Sept 2026 · Nahar Industrial Enterprises AGM 2026: All 8 resolutions passed | board shareholder meetings | low | — | — |
| 29 Sept 2026 · MOA amended to add solar and renewable energy business objects | corporate actions | medium | — | — |
| 29 Sept 2026 · Two non executive directors re appointed after retirement by rotation | management changes | medium | — | — |
| 29 Sept 2026 · Nahar Industrial Enterprises: 42nd AGM Proceedings Summary | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading Window closed from October 1 for Q2 results | compliance | minimal | — | — |
| 11 Sept 2026 · CRISIL assigns credit rating on Rs 1100 Cr bank facilities | credit debt | medium | — | — |
| 10 Sept 2026 · 42nd AGM on Sept 29, 2026 - Book Closure and E-voting Details | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.