Nahar Spinning Mills Limited Share Price and Company Fundamentals



Price
₹309.65
Change
-0.950 (-0.306%)
52 week
250.55 - 690.0

Last traded: Yesterday at 9:59 AM

Nahar Spinning Mills Limited manufactures and sells yarns and knitted garments in India. The company offers raw white combed, raw white carded/open end, dyed, organic cotton, fair trade cotton, better cotton initiative, melange, gassed/mercerized, compact spun, blended, synthetic/man-made fiber, and cleaner yarns, as well as grindle, space dyed, slub, core spun, high twist, reverse twist, and elitwist yarns. It also provides woolen/cotton hosiery knit-wears and woolen textiles; and T-shirts. The company also exports its products primarily to the United States, the United Kingdom, France, Brazil, Bangladesh, Mauritius, Honduras, Argentina, Colombia, Peru, Chile, the Netherlands, Japan, Canada, Korea, Taiwan, Hong Kong, Singapore, Egypt, and Russia. Nahar Spinning Mills Limited was incorporated in 1980 and is based in Ludhiana, India.

Key Metrics

PE ratio

2.18

PB ratio

0.69

Dividend yield

1.13%

Beta

0.95

Market cap

-

Enterprise value

-

Company profile

Industry / SectorTextile Manufacturing / Consumer Cyclical
Websitehttps://www.owmnahar.com/spinning/about.php
Mailing addressNahar Tower 373, Industrial Area-A Ludhiana 141003 India
Phone / Fax91 16 1260 0701 / 91 16 1222 2942

Dividends

Dividend yield

1.13%

Dividend amount

₹3.50

Payout ratio

2.15%

Nahar Spinning Mills Limited paid ₹3.50 dividend and the ex-dividend date was 16 Nov 2021.The dividend payout ratio is 2.15%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.NAHARSPING dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.

NAHARSPING's forward dividend amount is ₹3 and the forward dividend yield is 0.97%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of Jul 2022, following are the company executives and directors listed on Nahar Spinning Mills Limited.

NameTitleAgeTotal Pay
Mr. T. Chandar MohanChief Exec.74
Mr. Dinesh P. Oswal B.Com, B.Com.MD & Exec. Director5694.29M
Mr. Anil Kumar GargChief Financial Officer63
Mr. Brij SharmaCompliance Officer & Company Sec.
Mr. Sukhdev Singh GrewalPres of Processing61
Mr. Prem Kishore VashishthGM of Fin. & Fin. Controller58
Mr. S. D. AvasthiGen. Mang.65

Profitability and management effectiveness

Profit margin

13.97%

Operating margin

20.28%

Return on assets

17.68%

Return on equity

40.20%

Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of Nahar Spinning Mills Limited is and its enterprise value is .

The NAHARSPING's stocks Beta value is 0.95 making it 5% less volatile compared to NSE market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

Nahar Spinning Mills Limited (NSE:NAHARSPING) Frequently Asked Questions

1. What is Nahar Spinning Mills Limited's Stock Symbol?

Nahar Spinning Mills Limited trades on NSE under the ticker symbol "NAHARSPING".

2. What is Nahar Spinning Mills Limited's stock price today?

One share of NAHARSPING stock can currently be purchased for approximately ₹309.65.

3. How can I contact Nahar Spinning Mills Limited?

Nahar Spinning Mills Limited's mailing address is Nahar Tower 373, Industrial Area-A Ludhiana 141003 India. The company can be reached via phone at 91 16 1260 0701.

4. What is Nahar Spinning Mills Limited's official website?

The official website of Nahar Spinning Mills Limited is https://www.owmnahar.com/spinning/about.php.