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Compare NAHAR SPINNING M with Grasim Industries - Equitymaster
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NAHAR SPINNING M vs GRASIM IND. - Comparison Results

NAHAR SPINNING M    Change

Nahar Spinning manufactures textile and hoseiry items for export purpose. The company has started manufacturing cotton/synthetic yarn, and woollen yarn of all types. The company's works are at Ludhiana (Punjab), and at Mandideep, (M. P.).

GRASIM IND. 
   Change

Grasim Industries is a flagship company of the Aditya Birla Group and is one of the largest diversified commodity companies in the country. It has a monopolistic status in the viscose staple fibre (VSF) and as a group it commands 21% global market sh... More

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Current Valuations

    NAHAR SPINNING M GRASIM IND. NAHAR SPINNING M/
GRASIM IND.
 
P/E (TTM) x 7.7 14.9 51.5% View Chart
P/BV x 0.5 1.6 28.3% View Chart
Dividend Yield % 1.4 0.5 290.4%  

Financials

 NAHAR SPINNING M   GRASIM IND.
EQUITY SHARE DATA
    NAHAR SPINNING M
Mar-16
GRASIM IND.
Mar-17
NAHAR SPINNING M/
GRASIM IND.
5-Yr Chart
Click to enlarge
High Rs1631,098 14.8%   
Low Rs80765 10.5%   
Sales per share (Unadj.) Rs565.1431.1 131.1%  
Earnings per share (Unadj.) Rs14.245.5 31.3%  
Cash flow per share (Unadj.) Rs42.364.8 65.2%  
Dividends per share (Unadj.) Rs1.505.50 27.3%  
Dividend yield (eoy) %1.20.6 209.0%  
Book value per share (Unadj.) Rs222.8336.2 66.3%  
Shares outstanding (eoy) m36.07933.70 3.9%   
Bonus/Rights/Conversions -ESOP-  
Price / Sales ratio x0.22.2 10.0%   
Avg P/E ratio x8.520.5 41.7%  
P/CF ratio (eoy) x2.914.4 20.0%  
Price / Book Value ratio x0.52.8 19.7%  
Dividend payout %10.512.1 87.1%   
Avg Mkt Cap Rs m4,384869,742 0.5%   
No. of employees `00012.48.7 143.0%   
Total wages/salary Rs m1,95722,656 8.6%   
Avg. sales/employee Rs Th1,644.146,426.5 3.5%   
Avg. wages/employee Rs Th157.92,613.4 6.0%   
Avg. net profit/employee Rs Th41.44,897.5 0.8%   
INCOME DATA
Net Sales Rs m20,382402,472 5.1%  
Other income Rs m1569,478 1.6%   
Total revenues Rs m20,538411,950 5.0%   
Gross profit Rs m2,22773,851 3.0%  
Depreciation Rs m1,01118,076 5.6%   
Interest Rs m5767,024 8.2%   
Profit before tax Rs m79658,229 1.4%   
Minority Interest Rs m01,294 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m28317,067 1.7%   
Profit after tax Rs m51442,456 1.2%  
Gross profit margin %10.918.3 59.6%  
Effective tax rate %35.529.3 121.1%   
Net profit margin %2.510.5 23.9%  
BALANCE SHEET DATA
Current assets Rs m11,221184,584 6.1%   
Current liabilities Rs m8,808109,225 8.1%   
Net working cap to sales %11.818.7 63.2%  
Current ratio x1.31.7 75.4%  
Inventory Days Days11438 296.5%  
Debtors Days Days6527 238.1%  
Net fixed assets Rs m8,288327,168 2.5%   
Share capital Rs m181934 19.3%   
"Free" reserves Rs m7,705312,934 2.5%   
Net worth Rs m8,037313,868 2.6%   
Long term debt Rs m2,73167,687 4.0%   
Total assets Rs m19,993627,676 3.2%  
Interest coverage x2.49.3 25.6%   
Debt to equity ratio x0.30.2 157.6%  
Sales to assets ratio x1.00.6 159.0%   
Return on assets %5.57.9 69.2%  
Return on equity %6.413.5 47.3%  
Return on capital %12.717.4 73.1%  
Exports to sales %61.90-   
Imports to sales %2.90-   
Exports (fob) Rs m12,610NA-   
Imports (cif) Rs m600NA-   
Fx inflow Rs m12,62025,592 49.3%   
Fx outflow Rs m73037,250 2.0%   
Net fx Rs m11,891-11,658 -102.0%   
CASH FLOW
From Operations Rs m1,68172,762 2.3%  
From Investments Rs m-439-34,934 1.3%  
From Financial Activity Rs m-1,208-37,810 3.2%  
Net Cashflow Rs m35-195 -17.7%  

Share Holding

Indian Promoters % 64.8 25.5 254.1%  
Foreign collaborators % 0.0 0.0 -  
Indian inst/Mut Fund % 0.0 16.0 -  
FIIs % 0.1 22.8 0.4%  
ADR/GDR % 0.0 14.5 -  
Free float % 35.1 21.2 165.6%  
Shareholders   39,677 138,458 28.7%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

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