Nahar Industrial Enterprises Ltd
Nahar Industrial Enterprises Ltd (NAHARINDUS)

Nahar Industrial Enterprises Ltd (NAHARINDUS)

₹114.351.41%

Key Stats

₹113.95
Day's Price Range
₹115.5
₹102.5
52-Week Price Range
₹237.9
1 Month Return-8.89 %
3 Month Return-9.91 %
1 Year Return-5.89 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 26
3.02
EPS
Rank 56
₹37.28
BVPS
Rank 83
₹199.95
Dividend Yield
Rank 185
ROE
Rank 130
19.32%
Price To Book Ratio
Rank 39
0.56
Debt To Asset
Rank 300
0.52

Company Information

Nahar Industrial Enterprises NIEL was promoted by the OSM Group in Sep.83 as a public limited company as Oswal Fats and Oils. To begin with the company installed a fatty acid unit with an annual capacity of 10500 tpa and the plant was commissioned in Feb.85. The main products were hard oil fatty stearic acid and distilled glycerine. NIEL installed in Feb.87 a plant for production of oxygen with an annual capacity of 648000 cubic mtr. It integrated backward by installing a solvent extraction plant during 1987. Subsequently the company expanded its facilities as well as diversified into the manufacture of toilet soaps. The company went public in Jan.93 to partfinance the setting up of a writing and printing paper manufacturing unit and a vanaspati ghee manufacturing plant. However the paper project has not yet been commissioned whereas the vanaspati ghee plant has been set up with a capacity of 19800 tpa which is being expanded to 33000 tpa. The companys spinning units for cotton and blended yarn cap.: 50000 spindles are under installation at Latru and Mundian Kalan near Ludhiana. In 199495 its name was changed to Nahar Industrial Enterprises. During the year 199798 Nahar Fabrics Ltd. has been amalgamated with the company.During 199899 the company commenced commercial production of its spinning unit at industrial focal point phaseVIII. It has also finalised an expansion scheme by installing additional 80 Nos Picanol Airjet Looms at a total cost of Rs 36.95 crs.The Honble High Court of Punjab Haryana at Chandigarh has given order for convening the meeting of Equity Shareholders Secd. Creditors Unsecd. Creditors on 27.10.01 to consider Scheme of Amalgamation of Oswal Cottom Mills with the company.The Company has amalgamated Nahar International Ltd with itself w.e.f.29th April 2005. According to the Scheme of Amalgamation the company has allotted THREE equity shares of Rs.10/ each for every TWELVE equity shares of Rs.10/ each held by the shareholders of Nahar International Ltd.The Company has also amalgamated Nahar Sugar Allied Industries Ltd with itself from 29 April 2005. As per the Scheme of Amalgamation the company has allotted THREE Equity Shares of Rs.10/ each for every TEN Equity Shares of Rs.10/ each held by the shareholders of Nahar Sugar Allied Industries Ltd.
OrganisationNahar Industrial Enterprises Ltd
HeadquartersLudhiana
IndustryTextiles