Nahar Spinning Mills Ltd (NAHARSPING)

Nahar Spinning Mills Ltd Shares Rise 28% in a Month - 04 Jul, 2024

Nahar Spinning Mills Ltd shares have gained 28% in the past month, recovering from prior weakness. The company has been growing revenue at a solid pace, but some shareholders are accepting lower selling prices. Potential risks may be placing downward pressure on the share price despite industry-like revenue growth and a low P/S ratio.

Nahar Spinning Mills ROCE Decreases to 0.3% - 03 Jul, 2024

Nahar Spinning Mills' return on capital employed (ROCE) has decreased to 0.3% from 15% five years ago, with a high ratio of current liabilities to total assets of 40%. While the company is reinvesting in its own business, returns are shrinking. However, long-term shareholders have seen an incredible 402% return in the last five years.

Nahar Spinning Mills Reports 12.67% YoY Growth in Net Sales - 12 Jun, 2024

Nahar Spinning Mills reported a 12.67% YoY growth in net sales for March 2024, with EBITDA at Rs. 45.76 crore, up 7.92%. However, the company's quarterly net loss decreased by 103.81% to Rs. 0.37 crore. The stock has given negative returns of -14.77% over the last six months and -5.10% over the last twelve months.