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Nahar Capital and Financial Services Limited (NAHARCAP)

₹238.95 +0.60% last close, 16 Oct

📊 NSE: NAHARCAP 🏢 Finance & Investments 📢 Latest filing: 03 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Nahar Capital's revenue was ₹18.4 Cr (+207.5% year on year, +130.6% on the previous quarter), and net profit ₹13.8 Cr (+25.6% year on year); the operating margin was 80.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹18.4	+207.5%	+130.6%
Operating profit	₹14.8	+392.5%	+269.4%
Net profit	₹13.8	+25.6%	-23.2%
Operating margin	80.1%	—	—

Full quarterly financials → Results calendar →

NAHARCAP delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 64.44% of the NAHARCAP shares traded on NSE were taken to delivery, against the stock's own 20-session average of 77.45%. That is close to its usual level. Turnover was only ₹10 lakh, so a handful of trades can move this figure.

64.44%Delivery, 16 Oct

77.45%Own 20-session average

1.5×Volume vs its average

₹238.95NSE close · +0.60%

Delivery in the last 5 sessions: 89.1% · 93.8% · 57.8% · 59.4% · 64.4%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Nahar Capital Reports Demat of 2,135 Shares in August 2026; Total Demat Shares at 1.66 Cr

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 03 Sep 2026, 04:53 PM

Nahar Capital and Financial Services Limited submitted its monthly demat report for August 2026 pursuant to Regulation 74(5) of SEBI (DP) Regulations, 2018. During the month, 2,135 equity shares were dematerialized and the physical certificates were cancelled. Total equity shares held in electronic form across NSDL and CDSL stand at 16,643,883 shares. This is a routine monthly regulatory compliance filing with no financial or operational impact.

2,135 equity shares dematerialized during the month of August 2026
Total electronic holdings in NSDL and CDSL reach 16,643,883 equity shares
Physical share certificates were cancelled and substituted with depository names

💡 No action needed as this is a standard administrative disclosure. Track the upcoming quarterly results for operational and portfolio updates.

Nahar Capital Dispatches FY26 Annual Report Weblink; 21st AGM Scheduled for Sept 25, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 02 Sep 2026, 04:12 PM

Nahar Capital and Financial Services has dispatched communications under Regulation 36(1)(b) of SEBI LODR to shareholders whose email addresses are not registered, providing direct web-link access to the Annual Report for FY 2025-26. The 21st Annual General Meeting (AGM) of the company is scheduled to take place virtually on Friday, September 25, 2026, at 12:30 PM IST. The cut-off date for the dispatch of the AGM notice and Annual Report was August 21, 2026. This is a routine procedural compliance filing.

21st Annual General Meeting scheduled for September 25, 2026, at 12:30 PM via Video Conferencing.
Cut-off date for AGM notice and Annual Report dispatch was August 21, 2026.
Web-link to the FY 2025-26 Annual Report dispatched to shareholders without registered email addresses under Regulation 36(1)(b).

💡 Shareholders may review the FY 2025-26 Annual Report ahead of the September 25 AGM and update their email IDs with the RTA (Alankit Assignments Ltd) or depository participants.

Nahar Capital Issues 21st AGM Notice; Re-appointment of MD Dinesh Oswal and Rs 1.50 Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Aug 2026, 05:03 PM

Nahar Capital and Financial Services Limited has issued the notice for its 21st Annual General Meeting scheduled for September 25, 2026, via Video Conferencing. Key agenda items include adoption of FY26 financial statements and approval of a Rs 1.50 per share (face value Rs 5) dividend for FY26. The company also seeks shareholder approval to re-appoint Mr. Dinesh Oswal as Managing Director for 5 years starting January 1, 2027, on a monthly salary scale of Rs 45,00,000 to Rs 57,00,000 plus 2% commission. Additionally, independent directors Dr. Yash Paul Sachdeva and Dr. Rajan Dhir are proposed for a second 5-year term from August 2027.

21st AGM scheduled for September 25, 2026, at 12:30 PM IST via VC/OAVM
Proposed dividend of Rs 1.50 per equity share of face value Rs 5 for FY26
Re-appointment of Managing Director Dinesh Oswal for 5 years from January 1, 2027 to December 31, 2031
Proposed MD monthly salary scale of Rs 45,00,000 - Rs 3,00,000 - Rs 57,00,000 plus 2% net profit commission (FY26 remuneration was Rs 562.44 Lakhs)

💡 Track shareholder voting results following the AGM on September 25, 2026, and the record date/payout timeline for the Rs 1.50 per share dividend.

Nahar Capital Re-appoints MD Dinesh Oswal and Two Independent Directors for 5-Year Terms

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 05 Aug 2026, 05:18 PM

Nahar Capital and Financial Services has approved the re-appointment of Managing Director Dinesh Oswal for a five-year term effective January 1, 2027. Additionally, two Independent Directors, Dr. Yash Paul Sachdeva and Dr. Rajan Dhir, have been re-appointed for their second five-year terms starting August 24, 2027. These appointments are subject to shareholder approval at the upcoming Annual General Meeting. The move ensures leadership continuity for the NBFC, which manages a net worth of Rs 912 Cr and a significant investment portfolio.

MD Dinesh Oswal (61) re-appointed for a 5-year term from January 1, 2027, to December 31, 2031.
Two Independent Directors re-appointed for 5-year second terms starting August 24, 2027.
MD Dinesh Oswal possesses over 41 years of experience in the textile industry and investment management.
Dr. Yash Paul Sachdeva and Dr. Rajan Dhir bring 30+ and 39+ years of professional experience respectively.
Company maintains a high Net Worth of Rs 912 Cr with a CRAR of 95.03% as of FY25.

💡 Monitor the upcoming Annual General Meeting (AGM) results to confirm shareholder approval for these leadership extensions.

Rs 1.50 Dividend: Nahar Capital Sets September 4, 2026, as Record Date

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 05 Aug 2026, 05:11 PM

Nahar Capital and Financial Services has fixed September 4, 2026, as the record date for a final dividend of Rs 1.50 per equity share for FY26. This dividend represents a 30% payout on the face value of Rs 5. At the current market price of Rs 264.6, the dividend yield stands at approximately 0.57%. The company maintains a strong financial position with a net worth of Rs 912 Cr and minimal debt, though the dividend payout remains conservative relative to its TTM EPS of Rs 37.70.

Dividend of Rs 1.50 per equity share of face value Rs 5 announced for FY26
Record date for dividend eligibility fixed as September 4, 2026
Book closure period scheduled from September 5, 2026, to September 9, 2026
Remote e-voting for the AGM to take place between September 22 and September 24, 2026
Cut-off date for e-voting eligibility is September 18, 2026

💡 Investors seeking the dividend must hold shares before the ex-dividend date (typically one day prior to the record date). Monitor the upcoming AGM for management commentary on the diversification strategy into Real Estate AIFs and Quant-based funds.

Rs 13.82 Cr Q1 Net Profit (up 63% YoY); MD re-appointed for 5 years

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 05 Aug 2026, 05:03 PM

Nahar Capital reported a strong standalone net profit of Rs 13.82 Cr for Q1 FY27, representing a 63.4% increase from Rs 8.46 Cr in the same quarter last year. Total income rose 26.3% YoY to Rs 18.45 Cr, driven largely by the Investment/Financial activity segment. The board approved the re-appointment of Managing Director Dinesh Oswal for a five-year term starting January 2027. Additionally, the company fixed September 4, 2026, as the record date for the payment of the FY26 dividend.

Standalone Net Profit increased 63.4% YoY to Rs 13.82 Cr from Rs 8.46 Cr
Total Income grew to Rs 18.45 Cr, a 26.3% increase over Q1 FY26
Investment/Financial Activity segment revenue stood at Rs 16.77 Cr, contributing 90.9% of total revenue
MD Dinesh Oswal re-appointed for a 5-year term effective January 1, 2027
Company estimated a MAT credit of Rs 6 Cr after opting for a new tax regime

💡 Investors should monitor the 'Net gain on fair value changes' in future quarters, as this volatile component significantly impacts the bottom line for this investment-heavy NBFC.

1,350 Shares Dematerialized in July 2026; Total Demat Holding at 1.66 Cr Shares

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Aug 2026, 04:27 PM

Nahar Capital and Financial Services Limited has filed its monthly dematerialization report for July 2026. During the month, 1,350 equity shares were converted from physical to electronic form. The total number of shares held in dematerialized form across NSDL and CDSL now stands at 16,641,748. This is a routine regulatory filing under SEBI Regulations 2018 and has no impact on the company's financial health or operations.

1,350 equity shares were dematerialized during the month of July 2026
Total dematerialized holding reached 16,641,748 equity shares as of August 3, 2026
Compliance filing completed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Company maintains a significant net worth of ₹912 Cr against a market cap of ₹416 Cr

💡 No action is required as this is a routine administrative update regarding the format of shareholding.

Rs 25 Cr Commercial Paper Rating Re-affirmed at [ICRA] A1+ for Nahar Capital

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 27 Jul 2026, 05:38 PM

ICRA Limited has re-affirmed the highest short-term credit rating of [ICRA] A1+ for Nahar Capital and Financial Services' proposed Rs 25 crore Commercial Paper programme. This rating indicates a very strong degree of safety and the lowest credit risk for short-term financial obligations. While the Rs 25 crore limit is significant relative to the company's TTM revenue of Rs 29 crore (approx 86%), it remains very small compared to its substantial net worth of Rs 912 crore (approx 2.7%). The company continues to maintain an exceptionally high Capital Adequacy Ratio (CRAR) of 95.03%.

ICRA re-affirmed the [ICRA] A1+ rating for a proposed Rs 25 crore short-term debt programme.
The proposed borrowing limit of Rs 25 crore represents only 2.7% of the company's Rs 912 crore net worth.
Company maintains a massive Capital Adequacy Ratio (CRAR) of 95.03% as of FY25, far above regulatory requirements.
The rating re-affirmation was communicated by ICRA via e-mail on July 27, 2026.

💡 Monitor the company's deployment of these short-term funds into its stated strategy of diversifying into higher-yield instruments like Real Estate AIFs and Quant-based debt securities.

Nahar Capital Submits Routine Demat Compliance Certificate for June 2026 Quarter

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jul 2026, 02:53 PM

Nahar Capital and Financial Services Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing, issued by its Registrar and Transfer Agent (RTA) Alankit Assignments Ltd, confirms the processing of physical share certificates received for dematerialization during the quarter ended June 30, 2026. This is a standard administrative procedure where physical certificates are mutilated and cancelled after being converted to electronic form. The announcement has no impact on the company's financial standing or business operations.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation provided by Registrar and Transfer Agent, Alankit Assignments Ltd
Verification and mutilation of physical share certificates received for dematerialization completed
Company maintains a high Net Worth of Rs 912 Cr as per latest financial context

💡 This is a routine regulatory filing. No action is required from investors. Focus should remain on the company's investment portfolio performance and quarterly earnings results.

400 Shares Dematerialized in June 2026; Total Demat Holding at 1.66 Crore Shares

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Jul 2026, 03:39 PM

Nahar Capital and Financial Services Limited has submitted its monthly dematerialization report for June 2026. During the month, 400 equity shares were converted from physical to electronic form. The total number of shares held in dematerialized form across NSDL and CDSL now stands at 1,66,40,398. This is a standard procedural filing under SEBI Regulations and has no impact on the company's financial health or business operations.

A total of 400 equity shares were dematerialized during the month of June 2026
Total dematerialized holding across NSDL and CDSL reached 1,66,40,398 equity shares
The filing was made in compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
The company maintains a high net worth of Rs 912 Cr, making this administrative update immaterial to valuation

💡 No action is required as this is a routine administrative filing. Investors should focus on the company's upcoming quarterly results to track its progress in diversifying its Rs 907 Cr investment portfolio.

Nahar Capital Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Jun 2026, 11:39 AM

Nahar Capital and Financial Services Limited has announced the closure of its trading window effective July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the announcement of the company's financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons and their relatives until 48 hours after the financial results are made public. The specific date for the board meeting to approve these results is yet to be announced.

Trading window closure starts on July 1, 2026
Closure pertains to financial results for the quarter ending June 30, 2026
Window reopens 48 hours after the official financial result announcement
Applies to Promoters, Directors, KMPs, and Designated Persons

💡 This is a routine regulatory filing with no direct impact on company fundamentals. Investors should wait for the upcoming quarterly results announcement to assess the company's financial performance.

Nahar Capital Issues Mandatory KYC and PAN Update Notice for Physical Shareholders

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Jun 2026, 11:12 AM

Nahar Capital and Financial Services Limited has issued a mandatory notice to shareholders holding physical equity shares to update their PAN, KYC, and nomination details. This action complies with SEBI's Master Circular dated May 07, 2024, and is part of the 'SAKSHAM NIVESHAK' campaign running from April 1 to July 9, 2026. Failure to update these details will result in the withholding of dividend payments and the inability to lodge grievances or service requests with the company or its RTA. Additionally, the company emphasized that all future service requests, such as duplicate certificates or transmissions, will only be processed in dematerialized form.

Mandatory furnishing of PAN (linked to Aadhaar), KYC details, and Nomination for all physical shareholders.
Dividend payments will be processed and paid in electronic mode only, contingent upon KYC updation.
Participation in the 'SAKSHAM NIVESHAK' campaign from April 1, 2026, to July 9, 2026, to prevent transfer of funds to IEPF.
SEBI mandates that service requests like duplicate certificates and transmissions will now be issued in dematerialized form only.
Shareholders must use prescribed forms (ISR-1, ISR-2, SH-13) and submit them to the RTA, Alankit Assignments Limited.

💡 Investors holding physical share certificates should immediately submit the required KYC and nomination forms to the RTA to avoid dividend freezes. It is strongly advised to dematerialize physical shares to ensure ease of transaction and compliance with SEBI's latest mandates.

Nahar Capital Reports Nil Demat Requests for May 2026; Total Demat Shares at 1.66 Crore

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Jun 2026, 11:04 AM

Nahar Capital and Financial Services Limited has submitted its monthly dematerialization report for May 2026 as per SEBI regulations. The company confirmed that no shares were dematerialized during the month. As of May 31, 2026, the total number of equity shares held in electronic form through NSDL and CDSL remains at 16,639,998. This is a standard regulatory filing and does not indicate any change in the company's operational or financial status.

Reported NIL shares dematerialized during the month of May 2026.
Total equity shares held in NSDL and CDSL depositories stood at 16,639,998 as of May 31, 2026.
Compliance filing submitted under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

💡 No action is required as this is a routine monthly compliance update with no material impact on the company's valuation or stock performance.

Nahar Capital Recommends ₹1.50 Dividend; FY26 Net Profit at ₹28.77 Crore

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 28 May 2026, 05:21 PM

Nahar Capital and Financial Services has recommended a final dividend of ₹1.50 per equity share (30% of face value) for the financial year ended March 31, 2026. The company reported a standalone net profit of ₹28.77 crore for FY26, representing a marginal decrease from ₹30.40 crore in the previous fiscal year. Total revenue from operations grew to ₹30.71 crore in FY26 compared to ₹29.05 crore in FY25, primarily driven by investment and financial activities. The company's total assets stood at ₹938.87 crore as of March 31, 2026.

Recommended a final dividend of ₹1.50 per share (30% on FV of ₹5) for FY 2025-26.
Annual standalone net profit stood at ₹28.77 crore, down 5.3% from ₹30.40 crore in FY25.
Total income for the year increased to ₹51.83 crore from ₹49.36 crore in the previous year.
Investment and Financial segment contributed the bulk of revenue at ₹48.28 crore for the full year.
Total assets grew to ₹938.87 crore as of March 31, 2026, compared to ₹929.24 crore in the previous year.

💡 Investors should maintain their positions to benefit from the steady dividend payout, while keeping an eye on the volatility of the investment portfolio which remains the primary income driver.

Nahar Capital FY26 Net Profit at ₹28.77 Cr; Recommends ₹1.50 Dividend

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 28 May 2026, 05:02 PM

Nahar Capital and Financial Services reported a total income of ₹51.83 crore for the financial year ended March 31, 2026, a growth of 5% year-on-year. Net profit for the year saw a slight decline to ₹28.77 crore compared to ₹30.40 crore in the previous fiscal year. The Board has recommended a dividend of ₹1.50 per equity share (30% of face value). The company's performance was primarily driven by its investment and financial activity segment, which contributed over 93% of total revenue.

Total Income grew 5% YoY to ₹51.83 crore in FY26 compared to ₹49.36 crore in FY25.
Net Profit decreased by 5.3% to ₹28.77 crore from ₹30.40 crore in the previous year.
Recommended a dividend of ₹1.50 per share (30%) on a face value of ₹5 per share.
Investment/Financial segment revenue stood at ₹48.28 crore, while Real Estate contributed ₹3.54 crore.
Reported a significant Other Comprehensive Loss of ₹21.00 crore due to fair value changes in equity instruments.

💡 Investors should note the steady dividend payout despite a marginal dip in net profit. However, the significant loss in Other Comprehensive Income suggests high volatility in the company's investment portfolio valuation.

View All NAHARCAP Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations grew 3.16% to INR 29.05 Cr in FY25 from INR 28.16 Cr in FY24. Interest income increased 27.27% to INR 12.53 Cr, while Dividend income declined 12.85% to INR 9.39 Cr and Rental income decreased 8.68% to INR 5.69 Cr. Total income (including gains) fell 12.5% to INR 49 Cr in FY25 from INR 56 Cr in FY24.

Geographic Revenue Split

Not explicitly disclosed, but operations are concentrated in India with corporate offices in Ludhiana, Punjab and Gurugram, Haryana.

Profitability Margins

Return on average assets (RoA) moderated to 3.4% in FY25 from 4.5% in FY24. Return on Net Worth was 4.4% in FY24 compared to 3.4% in FY23. The decline in FY25 was primarily driven by a 12% reduction in total income due to lower investment gains.

EBITDA Margin

Core profitability is driven by investment yields; Profit After Tax (PAT) was INR 38 Cr in FY24 (67.8% of total income) and declined to approximately INR 30 Cr in FY25. The high PAT margin is due to the low-cost structure of an investment-holding entity.

Capital Expenditure

Not disclosed as a primary metric for this NBFC; however, managed assets grew from INR 860 Cr in FY23 to INR 907 Cr in FY24, representing a 5.46% increase in the investment base.

Credit Rating & Borrowing

Maintains an [ICRA]A1+ rating for its INR 25 Cr Commercial Paper programme. Borrowing costs are minimal as the company operates with a managed gearing of 0.00 times and negligible debt.

⚙️ Operational Drivers

Raw Materials

Capital is the primary input, with a Net Worth of INR 906 Cr as of March 31, 2025. Investment assets are the core drivers of value.

Key Suppliers

Not applicable; however, the company relies on financial intermediaries and fund managers for its AIF and mutual fund investments.

Capacity Expansion

Current managed assets stand at INR 907 Cr (FY24). The company is expanding its 'capacity' to generate returns by diversifying into Quant-based funds and Multi-Asset funds.

Raw Material Costs

Not applicable. Operating expenses are minimal; the primary cost is interest paid which increased to INR 45.57 Lakhs in FY25 from INR 14.17 Lakhs in FY24.

Manufacturing Efficiency

Capital adequacy remains exceptionally high with a CRAR of 95.03% in FY25, significantly above regulatory requirements, indicating a massive buffer for operational expansion.

Logistics & Distribution

Not applicable; the company operates through a centralized corporate office in Ludhiana.

📈 Strategic Growth

Expected Growth Rate

10-12%

Growth Strategy

Growth will be achieved by diversifying the investment portfolio into higher-yield instruments including Real Estate Alternative Investment Funds (AIFs), Venture Funds, and Quant-based debt securities. The company is also scaling its real estate segment to capture higher yields beyond traditional equity dividends.

Products & Services

Investment services (long-term and trading), corporate lending to group entities, and real estate leasing/development.

Brand Portfolio

Nahar Group, Nahar Capital.

New Products/Services

Expansion into Commodity Funds and Multi-Asset/Balanced Funds to mitigate equity-specific risks, expected to contribute to more stable quarterly income.

Market Expansion

Targeting increased exposure in the real estate segment and financial market segments beyond the traditional textile-linked group investments.

Market Share & Ranking

Classified as NBFC-Base Layer (NBFC-BL) under RBI's scale-based regulations.

Strategic Alliances

Part of the Ludhiana-based Nahar Group; maintains strategic investment links with Nahar Spinning Mills, Nahar Industrial Enterprises, and Nahar Poly Films.

🌍 External Factors

Industry Trends

The NBFC sector is shifting toward Scale Based Regulation (SBR). The industry is growing as a powerhouse driven by domestic demand, with NAHARCAP positioning itself as a diversified investment vehicle rather than just a group holding company.

Competitive Landscape

Competes with other investment holding companies and diversified NBFCs in the Indian financial services sector.

Competitive Moat

Moat is derived from being part of a 60-year-old established industrial group (Nahar Group) with a strong credit profile and massive capital reserves (INR 906 Cr net worth), providing high financial flexibility.

Macro Economic Sensitivity

Highly sensitive to Indian GDP growth and domestic demand, as these drive the performance of the underlying textile and financial assets in the portfolio.

Consumer Behavior

Shift toward professional fund management and multi-asset allocation is influencing the company's strategy to move away from pure equity into AIFs and Quant funds.

Geopolitical Risks

Indirect exposure through Nahar Group's textile exports; trade barriers could reduce group dividends.

⚖️ Regulatory & Governance

Industry Regulations

Regulated by RBI as an NBFC-ICC (Investment and Credit Company) under the Base Layer category of Scale Based Regulations (2023).

Environmental Compliance

Minimal impact as a financial services entity; ESG compliance is managed at the group level for industrial operations.

Taxation Policy Impact

Effective tax rate is influenced by deferred tax adjustments on Ind-AS fair value changes and dividend tax treatments.

Legal Contingencies

The company maintains internal financial controls over financial reporting as per the Companies Act 2013; no specific high-value pending litigation amounts were disclosed in the provided summaries.