Nahar Polyfilms Ltd
Nahar Polyfilms Ltd (NAHARPOLY)

Nahar Polyfilms Ltd (NAHARPOLY)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-5.07 %
3 Month Return-9.1 %
1 Year Return38.68 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 69
Rank 46
Rank 46
Dividend Yield
Rank 80
Rank 132
Price To Book Ratio
Rank 80
Debt To Asset
Rank 487

Company Information

Incorporated as a public limited company in Nov.88 Nahar Exports was promoted by the Oswals and their associates. To begin with the company started manufacturing and exporting cotton hosiery garments and knitwear. To integrate backward the company set up a spinning unit inst. cap. : 25000 spindles which was completed in Aug.92. By Nov.94 its spindleage increased to 40128.It set up a new spinning unit inst.cap.: 25000 spindles. To partfinance the project the company came out with a rights issue in Sep.94. Cotton yarn and synthetic yarn manufactured by the company is mainly used as a raw material in the manufacturing of hosiery textiles woollen garments furnishing fabrics etc. The major users of the companys products are the knitting industry the handloom sector and the weaving industry. The company has an obligation to export part of its production against import of capital equipments. The company exports to the UK Switzerland Germany Australia Taiwan Hong Kong etc. The efforts made by the company to achieve its goal is evident from the rapid improvement in its export performance. In 199495 the company was awarded the ISO 9002 certification by the Bureau of Indian Standards.During 199596 the installation of new spinning unit of 25000 spindles is in progress. In 199899 it installed 24960 spindles at it 100 EOU at Village LehliLalru Patiala Dist Punjab and has replaced 7056 spindles as a part of its modernisation plan.The company has implemented a modernisation upgradation scheme for both its Spinning units at Village Jitwal Kalan Rishab Spinning Mills. The total capital outlay for the scheme is Rs.19.00 crores and is being part financed by way of loan of Rs.15.00 crores and rest by internal accruals. Besides it has decided to install 2 Gen sets with a capacity of 3 MW at cost of Rs.13.00 crores. The installation of the Gen sets is expected in the second quarter of the 200304.
OrganisationNahar Polyfilms Ltd