NSE: NAHARSPING · BSE: 500296
NAHAR SPINNING MILLS LTD.
Operates solely in the textiles segment as a spinning mill based in Ludhiana, part of the broader Nahar group of companies with the Oswal family as promoters. Revenue for FY26 was ₹3,217.92 crore, with materials and fibre inputs making up 65.3% of revenue — the dominant cost component in a yarn-spinning business. Employee costs were 10.0% of revenue, other operating expenses 18.3%, depreciation 2.8% and capex 2.2%, indicating limited reinvestment relative to the cost base. FY26 EBITDA margin was 5.34% and net profit ₹21.82 crore. Operating cash flow for the year was ₹180.8 crore. The board has recommended a dividend of ₹1 per equity share (20% on face value of ₹5) for FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textiles (spinning). Single-segment textile spinning with thin margins and modest capex
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,594 | 2,797 | 3,050 | 3,285 | 3,218 |
| EBITDA (ex other income) | 804 | 208 | 78 | 156 | 157 |
| margin % | 22.4 | 7.5 | 2.5 | 4.8 | 4.9 |
| Owners' profit | 502 | 111 | (51) | 12 | 22 |
| EPS, as reported (₹) | 139.50 | 32.24 | (13.84) | 3.09 | 6.92 |
| ROE % · ROCE % | 31.4 · 40.9 | 7.1 · 9.9 | (3.4) · 0.3 | 0.8 · 5.6 | 1.4 · 4.6 |
| Debt / equity (x) | 0.63 | 0.47 | 0.78 | 0.74 | 0.65 |
| Cash from operations | 261 | 609 | (395) | 93 | 190 |
| Capex | (99) | (271) | (115) | (45) | (71) |
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 | 776 | 812 | 876 | 819 | 779 | 703 | 917 | 966 |
| Profit before tax | (21) | 1 | 32 | 21 | (7) | (17) | 29 | 93 |
| 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 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · Special window for transferring old physical shares | compliance | minimal | — | — |
| 21 Oct 2026 · Board meeting on October 30, 2026 to consider Q2/H1 FY26 results | results | low | — | — |
| 9 Oct 2026 · Routine filing of dematerialisation certificate for Q2 FY26 | compliance | minimal | — | — |
| 5 Oct 2026 · DEMAT report submitted for September 2026 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 26 Sept 2026 · 46th AGM Results: All 11 Resolutions Passed, Rs 1 Dividend Approved | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Nahar Spinning Mills adds solar energy to business objects | general | medium | — | — |
| 25 Sept 2026 · Nahar Spinning Mills re-appoints MD and two Independent Directors at AGM | management changes | high | — | — |
| 25 Sept 2026 · 46th AGM concluded - all 11 resolutions passed including Rs. 1 dividend | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Nahar Spinning Mills reports 1,433 shares dematerialised in August 2026 | compliance | minimal | — | — |
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.