Nahar Spinning Mills Ltd

Nahar Spinning Mills Ltd (NAHARSPING)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-32.35 %
3 Month Return-23.86 %
1 Year Return217.52 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 113
Rank 114
Rank 140
Dividend Yield
Rank 42
Rank 106
Price To Book Ratio
Rank 94
Debt To Asset
Rank 140

Company Information

Incorporated in 1980 Nahar Spinning Mills to set up a worsted spinning unit and a hosiery unit at Ludhiana. The company manufactures and exports cotton hosiery garments woollen knitwear and textiles and cotton and synthetic yarn. The companys units are located at various places in Ludhiana. The worsted yarn produced by the unit at Sherpur Ludhiana is captively consumed. It also has its own dyeing unit equipped with modern machinery at Ludhiana. It set up a new spinning unit to manufacture cotton/synthetic yarn at Simrai Mandideep Madhya Pradesh.In 1984 it was accorded the status of a recognised Export House for its export performance. From 1994 the Government of India deemed it a recognised Trading House. In 1995 it decided to put up an Acrylic Fibre Project of 18000 tons capacity as a measure of backward integration the total cost of project amounted to Rs 207.43 cr which was financed by Rights issue of Secured Premium Convertible Bonds with warrants. Due to continues fall in share prices resulted into shortfall for funding of the project. The board in Aug97 decided to shleve the project and utilise the balance available money collected for this project in a more profitable venture of spinning and garment industries.During 19992000 the 100 export oriented spinning unit at village Jalalpur Distt. Patiala commenced commercial production. The Company has already installed 16128 Spindles and balance 12096 spindles are under erection. The Company is putting up a MercerisingcumDyeing Plant at Village Lalru Distt. Patiala Punjab.The 1st phase of the Companys Mercerising cum Dyeing Plant commenced commercial production on 15th September2000. The second phase of expansion of Mercerising unit was completed and the installed capacity of the unit stands incresed to Approx 4500 Kg per day. During 200203 the company has replaced old machinery with the Ultra Modern Machinery at a cost Rs.15 crores.
OrganisationNahar Spinning Mills Ltd