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Compare NAHAR SPINNING M with Vardhman Textiles - Equitymaster

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NAHAR SPINNING M vs VARDHMAN TEXTILES - 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.).

VARDHMAN TEXTILES 
   Change

Mahavir Spinning Mills mainly produces cotton yarn, yarn of synthetic staple fibre, and cotton sewing thread. The company also operates a steel division which manufactures steel ingots/billets, and rolled products. The company has also launched value... More

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Current Valuations

    NAHAR SPINNING M VARDHMAN TEXTILES NAHAR SPINNING M/
VARDHMAN TEXTILES
 
P/E (TTM) x 3.2 7.9 40.5% View Chart
P/BV x 0.3 1.2 22.3% View Chart
Dividend Yield % 0.9 1.7 51.2%  

Financials

 NAHAR SPINNING M   VARDHMAN TEXTILES
EQUITY SHARE DATA
    NAHAR SPINNING M
Mar-18
VARDHMAN TEXTILES
Mar-18
NAHAR SPINNING M/
VARDHMAN TEXTILES
5-Yr Chart
Click to enlarge
High Rs1541,565 9.8%   
Low Rs851,129 7.5%   
Sales per share (Unadj.) Rs590.71,107.3 53.3%  
Earnings per share (Unadj.) Rs-8.9105.0 -8.5%  
Cash flow per share (Unadj.) Rs17.2147.5 11.6%  
Dividends per share (Unadj.) Rs0.5015.00 3.3%  
Dividend yield (eoy) %0.41.1 37.5%  
Book value per share (Unadj.) Rs226.9877.8 25.9%  
Shares outstanding (eoy) m36.0756.43 63.9%   
Bonus/Rights/Conversions -ESOP-  
Price / Sales ratio x0.21.2 16.6%   
Avg P/E ratio x-13.412.8 -104.4%  
P/CF ratio (eoy) x7.09.1 76.3%  
Price / Book Value ratio x0.51.5 34.3%  
Dividend payout %-5.614.3 -39.2%   
Avg Mkt Cap Rs m4,31476,014 5.7%   
No. of employees `00012.920.9 61.5%   
Total wages/salary Rs m2,0455,063 40.4%   
Avg. sales/employee Rs Th1,657.32,986.9 55.5%   
Avg. wages/employee Rs Th159.1242.0 65.7%   
Avg. net profit/employee Rs Th-25.0283.2 -8.8%   
INCOME DATA
Net Sales Rs m21,30762,483 34.1%  
Other income Rs m901,974 4.6%   
Total revenues Rs m21,39764,456 33.2%   
Gross profit Rs m8859,030 9.8%  
Depreciation Rs m9412,400 39.2%   
Interest Rs m4981,182 42.1%   
Profit before tax Rs m-4637,421 -6.2%   
Minority Interest Rs m0175 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m-1411,672 -8.4%   
Profit after tax Rs m-3225,924 -5.4%  
Gross profit margin %4.214.5 28.7%  
Effective tax rate %30.522.5 135.3%   
Net profit margin %-1.59.5 -15.9%  
BALANCE SHEET DATA
Current assets Rs m11,96345,456 26.3%   
Current liabilities Rs m10,68816,857 63.4%   
Net working cap to sales %6.045.8 13.1%  
Current ratio x1.12.7 41.5%  
Inventory Days Days126132 95.5%  
Debtors Days Days5944 133.7%  
Net fixed assets Rs m7,14427,203 26.3%   
Share capital Rs m181564 32.0%   
"Free" reserves Rs m8,00548,973 16.3%   
Net worth Rs m8,18649,537 16.5%   
Long term debt Rs m72912,098 6.0%   
Total assets Rs m19,85082,441 24.1%  
Interest coverage x0.17.3 0.9%   
Debt to equity ratio x0.10.2 36.5%  
Sales to assets ratio x1.10.8 141.6%   
Return on assets %0.98.6 10.3%  
Return on equity %-3.912.0 -32.9%  
Return on capital %0.414.2 2.7%  
Exports to sales %58.735.4 166.0%   
Imports to sales %6.013.0 45.9%   
Exports (fob) Rs m12,51722,114 56.6%   
Imports (cif) Rs m1,2708,117 15.6%   
Fx inflow Rs m12,51722,114 56.6%   
Fx outflow Rs m1,2708,117 15.6%   
Net fx Rs m11,24613,997 80.3%   
CASH FLOW
From Operations Rs m-2,3991,023 -234.5%  
From Investments Rs m-2,591-1,663 155.8%  
From Financial Activity Rs m-1,225921 -133.0%  
Net Cashflow Rs m-10,031281 -3,571.0%  

Share Holding

Indian Promoters % 64.8 61.0 106.2%  
Foreign collaborators % 0.0 0.0 -  
Indian inst/Mut Fund % 0.0 11.2 -  
FIIs % 0.1 11.3 0.9%  
ADR/GDR % 0.0 0.0 -  
Free float % 35.1 15.7 223.6%  
Shareholders   39,677 23,905 166.0%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare NAHAR SPINNING M With:   GOKALDAS EXPORTS  EASTERN SILK IND  WELSPUN INDIA  TRIDENT  BOMBAY DYEING  



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Related Views on News

VARDHMAN TEXTILES Announces Quarterly Results (4QFY19); Net Profit Up 10.1% (Quarterly Result Update)

May 10, 2019 | Updated on May 10, 2019

For the quarter ended March 2019, VARDHMAN TEXTILES has posted a net profit of Rs 2 bn (up 10.1% YoY). Sales on the other hand came in at Rs 18 bn (up 16.8% YoY). Read on for a complete analysis of VARDHMAN TEXTILES's quarterly results.

NAHAR SPINNING M Announces Quarterly Results (3QFY19); Net Profit Up 830.6% (Quarterly Result Update)

Feb 15, 2019 | Updated on Feb 15, 2019

For the quarter ended December 2018, NAHAR SPINNING M has posted a net profit of Rs 213 m (up 830.6% YoY). Sales on the other hand came in at Rs 6 bn (up 4.1% YoY). Read on for a complete analysis of NAHAR SPINNING M's quarterly results.

VARDHMAN TEXTILES Announces Quarterly Results (3QFY19); Net Profit Up 48.1% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, VARDHMAN TEXTILES has posted a net profit of Rs 2 bn (up 48.1% YoY). Sales on the other hand came in at Rs 17 bn (up 4.9% YoY). Read on for a complete analysis of VARDHMAN TEXTILES's quarterly results.

NAHAR SPINNING M 2017-18 Annual Report Analysis (Annual Result Update)

Jan 21, 2019 | Updated on Jan 21, 2019

Here's an analysis of the annual report of NAHAR SPINNING M for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of NAHAR SPINNING M. Also includes updates on the valuation of NAHAR SPINNING M.

VARDHMAN TEXTILES 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of VARDHMAN TEXTILES for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of VARDHMAN TEXTILES. Also includes updates on the valuation of VARDHMAN TEXTILES.

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