BSE: 523391 | NSE: NAHARPOLY | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Nahar Poly Films Ltd is a average quality company.
The key valuation ratios of Nahar Poly Films Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nahar Poly Films Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.3% | 11.5% | 5.5% | 4.1% | 6.8% | 23.9% | 26.5% | 20.8% | 7.6% | 0.1% | - |
| Value Creation Index ⓘ | -0.4 | -0.2 | -0.6 | -0.7 | -0.5 | 0.7 | 0.9 | 0.5 | -0.5 | -1.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 303 | 262 | 255 | 252 | 266 | 277 | 303 | 489 | 723 | 600 | 643 |
| Sales YoY Gr. | - | -13.7% | -2.6% | -1.1% | 5.5% | 4.3% | 9.5% | 61.1% | 47.9% | -17% | - |
| Adj EPS ⓘ | 1.7 | 4.7 | 4.1 | 2 | 3.7 | 13.4 | 20.9 | 35.6 | 12.9 | -4.2 | 2.3 |
| YoY Gr. | - | 174.4% | -13.8% | -50.9% | 83.5% | 263.8% | 56.2% | 70.6% | -63.7% | -132.7% | - |
| BVPS (₹) ⓘ | 60.4 | 64.5 | 94.9 | 78.3 | 79.4 | 71.6 | 114.3 | 257 | 195.1 | 197.2 | 209.9 |
| Adj Net Profit ⓘ | 4.2 | 11.6 | 10 | 4.9 | 9 | 32.8 | 51.3 | 87.4 | 31.8 | -10.4 | 6 |
| Cash Flow from Ops. ⓘ | 28.1 | 23.9 | 23 | 22.2 | 16.8 | 40.1 | 94.2 | -23.7 | 110 | 16.7 | - |
| Debt/CF from Ops. ⓘ | 3.2 | 1.9 | 1.3 | 1 | 0 | 0.1 | 0.6 | -7.3 | 1.5 | 7.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.9% | 17.7% | 25.5% | -17% | ||||
| Adj EPS ⓘ | -210.5% | -202.9% | -158.8% | -132.7% | ||||
| BVPSⓘ | 14.1% | 20% | 19.9% | 1.1% | ||||
| Share Price | 22.8% | 49.2% | 1.3% | 12.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.9 | 7.6 | 5.1 | 2.3 | 4.7 | 17.7 | 22.4 | 19.1 | 5.7 | -2.2 | 1.1 |
| Op. Profit Mgn % ⓘ | 13 | 17.1 | 12.3 | 8.1 | 5.1 | 15.3 | 21.6 | 24.4 | 11.3 | 3.6 | 6.1 |
| Net Profit Mgn % ⓘ | 1.4 | 4.4 | 3.9 | 2 | 3.4 | 11.8 | 16.9 | 17.9 | 4.4 | -1.7 | 0.9 |
| Debt to Equity ⓘ | 0.6 | 0.3 | 0.1 | 0.1 | 0 | 0 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 |
| Working Cap Days ⓘ | 72 | 72 | 72 | 86 | 75 | 79 | 96 | 82 | 61 | 63 | 33 |
| Cash Conv. Cycle ⓘ | 43 | 42 | 46 | 59 | 51 | 35 | -15 | 11 | 36 | 37 | 19 |
Sales growth is growing at healthy rate in last 3 years 25.50%
Return on Equity has declined versus last 3 years average to 1.10%
Net Profit has been subdued in last 3 years -158.76%
Sales growth is not so good in last 4 quarters at 7.39%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.3 | 8.7 |
| TTM Sales (₹ Cr.) | 643 | 643 |
| BVPS (₹.) ⓘ | 209.9 | 349.7 |
| Reserves (₹ Cr.) ⓘ | 504 | 847 |
| P/BV ⓘ | 1.22 | 0.73 |
| PE ⓘ | 109.76 | 29.36 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 166.75 / 372.40 |
| All Time Low / High (₹) | 7.00 / 601.00 |
| Market Cap (₹ Cr.) | 629 |
| Equity (₹ Cr.) | 12.3 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 39.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 303 | 262 | 255 | 252 | 266 | 277 | 303 | 489 | 723 | 600 |
| Operating Expenses ⓘ | 264 | 217 | 223 | 231 | 252 | 235 | 238 | 370 | 642 | 579 |
| Manufacturing Costs | 18 | 17 | 25 | 25 | 24 | 25 | 25 | 35 | 56 | 60 |
| Material Costs | 219 | 176 | 182 | 189 | 209 | 190 | 190 | 302 | 529 | 458 |
| Employee Cost | 6 | 6 | 7 | 7 | 8 | 8 | 11 | 15 | 20 | 25 |
| Other Costs ⓘ | 21 | 18 | 9 | 10 | 11 | 11 | 12 | 17 | 37 | 35 |
| Operating Profit ⓘ | 39 | 45 | 31 | 20 | 14 | 42 | 66 | 119 | 82 | 21 |
| Operating Profit Margin (%) | 13.0% | 17.1% | 12.3% | 8.1% | 5.1% | 15.2% | 21.6% | 24.4% | 11.3% | 3.6% |
| Other Income ⓘ | 3 | 3 | 3 | 4 | 2 | 5 | 5 | 6 | 6 | 12 |
| Interest ⓘ | 13 | 8 | 5 | 3 | 1 | 0 | 0 | 3 | 12 | 12 |
| Depreciation ⓘ | 22 | 22 | 22 | 14 | 2 | 2 | 2 | 6 | 32 | 32 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 8 | 18 | 8 | 7 | 13 | 45 | 69 | 116 | 43 | -11 |
| Tax ⓘ | 3 | 6 | -2 | 2 | 4 | 12 | 17 | 29 | 11 | -3 |
| Profit After Tax | 5 | 12 | 10 | 5 | 9 | 33 | 51 | 88 | 32 | -8 |
| PAT Margin (%) | 1.5% | 4.4% | 3.9% | 2.0% | 3.4% | 11.9% | 16.9% | 17.9% | 4.4% | -1.4% |
| Adjusted EPS (₹) | 1.9 | 4.7 | 4.1 | 2.1 | 3.7 | 13.4 | 20.9 | 35.7 | 13.0 | -3.5 |
| Dividend Payout Ratio (%) | 0% | 11% | 12% | 24% | 14% | 7% | 7% | 7% | 12% | -29% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 149 | 159 | 233 | 193 | 195 | 176 | 281 | 632 | 480 | 485 |
| Share Capital ⓘ | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves ⓘ | 136 | 146 | 221 | 180 | 183 | 164 | 269 | 620 | 467 | 473 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 73 | 28 | 12 | 14 | 0 | 4 | 56 | 151 | 141 | 103 |
| Long Term Debt | 43 | 26 | 9 | 0 | 0 | 1 | 43 | 145 | 123 | 101 |
| Short Term Debt | 30 | 2 | 4 | 14 | 0 | 3 | 13 | 6 | 18 | 3 |
| Trade Payables | 4 | 4 | 6 | 5 | 7 | 6 | 61 | 9 | 11 | 11 |
| Others Liabilities ⓘ | 23 | 28 | 19 | 7 | 1 | 3 | 10 | 72 | 48 | 45 |
| Total Liabilities ⓘ | 249 | 219 | 271 | 218 | 203 | 189 | 409 | 863 | 680 | 645 |
Fixed Assets | ||||||||||
| Gross Block | 166 | 166 | 166 | 167 | 168 | 168 | 169 | 440 | 449 | 449 |
| Accumulated Depreciation | 77 | 99 | 121 | 135 | 137 | 139 | 141 | 148 | 179 | 212 |
| Net Fixed Assetsⓘ | 89 | 67 | 45 | 32 | 31 | 29 | 28 | 293 | 269 | 237 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 21 | 172 | 2 | 0 | 0 |
| Investmentsⓘ | 96 | 99 | 165 | 123 | 125 | 65 | 122 | 434 | 268 | 309 |
| Inventories | 9 | 8 | 15 | 16 | 17 | 19 | 21 | 62 | 50 | 44 |
| Trade Receivables | 31 | 28 | 33 | 33 | 21 | 9 | 11 | 28 | 26 | 25 |
| Cash Equivalents | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 33 | 1 |
| Others Assetsⓘ | 23 | 17 | 12 | 14 | 8 | 45 | 53 | 44 | 33 | 29 |
| Total Assets ⓘ | 249 | 219 | 271 | 218 | 203 | 189 | 409 | 863 | 680 | 645 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 28 | 24 | 23 | 22 | 17 | 40 | 94 | -24 | 110 | 17 |
| PBT ⓘ | 8 | 18 | 8 | 7 | 13 | 45 | 69 | 116 | 43 | -11 |
| Adjustment ⓘ | 32 | 28 | 24 | 14 | 1 | -2 | -3 | 4 | 39 | 34 |
| Changes in Working Capital ⓘ | -7 | -17 | -5 | 6 | 6 | 8 | 45 | -120 | 39 | -4 |
| Tax Paid ⓘ | -1 | -3 | -4 | -5 | -3 | -10 | -16 | -23 | -11 | -2 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 1 | 0 | -5 | -40 | -136 | -92 | -37 | -11 |
| Capex | -3 | 0 | 0 | -1 | -1 | -21 | -152 | -101 | -7 | 0 |
| Net Investments | 1 | -2 | -2 | -2 | -6 | 11 | -1 | -16 | -35 | -18 |
| Others ⓘ | 2 | 2 | 3 | 3 | 2 | -29 | 17 | 25 | 5 | 7 |
| Cash Flow From Financing Activityⓘ | -28 | -24 | -23 | -22 | -11 | -1 | 42 | 115 | -41 | -38 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -19 | -17 | -17 | -17 | -9 | 1 | 45 | 122 | -22 | -22 |
| Interest Paid ⓘ | -9 | -6 | -5 | -3 | -1 | 0 | 0 | -3 | -12 | -12 |
| Dividend Paid ⓘ | 0 | 0 | -1 | -1 | -1 | -1 | -2 | -4 | -6 | -4 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 1 | -1 | 1 | 0 | 32 | -33 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.1 | 7.58 | 5.13 | 2.39 | 4.7 | 17.72 | 22.5 | 19.21 | 5.75 | -1.76 |
| ROCE (%) | 8.28 | 11.54 | 5.47 | 4.09 | 6.75 | 23.88 | 26.5 | 20.83 | 7.63 | 0.09 |
| Asset Turnover Ratio | 1.28 | 1.26 | 1.17 | 1.06 | 1.26 | 1.41 | 1.02 | 0.77 | 0.94 | 0.91 |
| PAT to CFO Conversion(x) | 5.6 | 2 | 2.3 | 4.4 | 1.89 | 1.21 | 1.84 | -0.27 | 3.44 | N/A | Working Capital Days |
| Receivable Days | 34 | 37 | 38 | 46 | 37 | 20 | 12 | 15 | 14 | 15 |
| Inventory Days | 15 | 11 | 14 | 21 | 22 | 24 | 24 | 31 | 28 | 29 |
| Payable Days | 7 | 8 | 10 | 11 | 10 | 12 | 64 | 42 | 7 | 9 |
Nahar Poly Films Ltd, a Nahar Group company, started out in 1988 as manufacturers & exporters of cotton hosiery garment knitwear the company soon realized that to move forward it had to strategically move back.
This it did through focused backward integration by setting up on its own spinning unit with an ambitious installed capacity of 25000 spindles aiming to provide premium value added and specialty yarns to the market This move was met with resounding success with total spindelage jumping from a modest 16000 in 1992 to a whopping 72000 in 1998.
It was a conscious decision aiming to reap the benefits of a profitable merger. A proactive move strongly indicating the company determination and confidence, to race ahead of competition by superior utilization of both man & machines. A master strokes towards optimizing the bottom line of the company while minimizing administrative functional & legal hassles in one final swoop.Today, the results of these dynamic synergies are here for all to see in the year 2003-2004 the company achieved a turnover of Rs 4687 million and earned a profit of over Rs 357 million. Nahar Exports has five plants with a spindlage capacity of 153664 spindles manufacturing a wide range of premium specialty & value added yarns manned by a dedicated work force of 5000 exporting to enthusiastic customers in the competitive export market of Europe, Hong Kong ,Singapore, Mauritius & South East Asian Countries Nahar Exports today is a major player in the chosen area blazing new trials & spanning new horizons in its on going pursuit of ever greater excellence.
To consolidate the textile business under single umbrella and to have focused business approach, it was thought desirable and expedient to restructre company’s businesses. Accordingly a composite scheme of demerger and arrangement with Nahar Spinning Mills Limited was proposed, which was approved by the Punjab & Haryana High Court vide its order dated 21st Dec., 2006.
After the implementation of the scheme of demerger and arrangement, the company was left with the residual business i.e. some long term investement in shares and mutual funds. The managements having regard to the intrests of shareholders and stakeholders decided on 16th may, 2008 to put up I-Axially Oriented Polypropylene Films (BOPP Films) project. BOPP films is mainly used in flexible packaging and will be sold in the domestic and international markets. India's expanding organised retail business has provided ample opportunities for growth in the manufacturing activity.
Business area of the company includes:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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