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Nahar Industrial Enterprises Limited (NAHARINDUS)

₹130.79 -0.42% last close, 16 Oct

📊 NSE: NAHARINDUS 🏢 Textiles - Cotton/Blended 📢 Latest filing: 15 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Nahar Industrial's revenue was ₹317 Cr (-18.5% year on year, -6.6% on the previous quarter), and net profit ₹25.0 Cr (+510.6% year on year); the operating margin was 9.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹317	-18.5%	-6.6%
Operating profit	₹28.8	+89.2%	-12.8%
Net profit	₹25.0	+510.6%	-0.1%
EPS (₹)	5.78	+508.4%	+0.0%
Operating margin	9.1%	—	—

Full quarterly financials → Results calendar →

NAHARINDUS delivery percentage

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

On Fri, 16 Oct 2026, 72.61% of the NAHARINDUS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 65.28%. That is close to its usual level. Turnover was only ₹9 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.

72.61%Delivery, 16 Oct

65.28%Own 20-session average

0.4×Volume vs its average

₹130.79NSE close · -0.42%

Delivery in the last 5 sessions: 52.0% · 74.2% · 72.9% · 78.3% · 72.6%

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 Industrial Incorporates Subsidiary Ranchi Logipark with Rs 1 Lakh Capital for Warehousing

🟡 NEUTRAL ⭐ 3/10

EXPANSION 📅 15 Oct 2026, 12:28 PM

Nahar Industrial Enterprises Limited has incorporated a wholly-owned subsidiary named Ranchi Logipark Private Limited on October 14, 2026. The new entity has an authorized and paid-up share capital of Rs 1,00,000 (10,000 shares of Rs 10 each). The subsidiary is set up to carry out warehousing and storage business, aligning with the company's broader diversification strategy away from volatile textiles and sugar. Given the initial equity size of Rs 1 lakh against the company's Rs 570 Cr market cap, immediate financial impact is negligible.

Incorporated wholly owned subsidiary Ranchi Logipark Private Limited on October 14, 2026
Subscribed 10,000 equity shares of Rs 10 each at par aggregating to Rs 1,00,000
Authorized and paid-up capital of the new entity stands at Rs 1,00,000 with 100% control
Turnover of target entity is Nil as it is yet to commence operations

💡 Track subsequent filings regarding planned capital expenditure, land acquisition, or operational timelines for the Ranchi warehousing facility.

Nahar Industrial Reports Demat of 1,350 Shares; Total Demat Reaches 4.31 Cr Shares

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 14 Oct 2026, 03:15 PM

Nahar Industrial Enterprises reported periodic dematerialisation updates for the period from April 2026 to September 2026 under SEBI regulations. During this six-month timeframe, 640 equity shares were dematerialised via NSDL and 710 equity shares via CDSL, totaling 1,350 shares. As of September 30, 2026, cumulative dematerialised shares stood at 43,091,072. Given the company's equity base, this administrative submission has no impact on business operations or financials.

640 equity shares dematerialised in NSDL between April 2026 and September 2026
710 equity shares dematerialised in CDSL between April 2026 and September 2026
Total dematerialised shares reached 43,091,072 as on September 30, 2026

💡 No action needed as this is a standard statutory filing; investors should track upcoming Q2 FY27 earnings for operational performance.

Nahar Industrial Enterprises Amends MOA to Enter Solar and Renewable Energy Business

🟡 NEUTRAL ⭐ 4/10

EXPANSION 📅 29 Sep 2026, 04:50 PM

Shareholders of Nahar Industrial Enterprises Limited approved an amendment to the company's Memorandum of Association (MOA) at the 42nd AGM on September 29, 2026. The amendment inserts sub-clauses 10(a) to (c) into the main objects clause to enable entry into solar power and renewable energy generation, development, distribution, and consulting. With Nahar's TTM revenue standing at Rs 1,336 Cr and debt at Rs 682 Cr, this expands its scope beyond textiles, sugar, and warehousing. However, no specific capex outlay, capacity target, or immediate project timelines were disclosed.

Shareholders approved special resolution at the 42nd AGM held on September 29, 2026.
Inserted new sub-clauses 10(a) to (c) in Main Object Clause-III(A) of the Memorandum of Association.
Enables business in solar and renewable energy generation, transmission, supply, and consulting.
Capex and project rollout timelines were not disclosed in the filing.

💡 Track subsequent board announcements or disclosures regarding concrete solar project announcements, capital expenditure allocations, and financing arrangements.

CRISIL Reaffirms CRISIL A-/Stable and A2+ Ratings for Rs 1,100 Cr Bank Facilities

🟡 NEUTRAL ⭐ 5/10

ROUTINE 📅 11 Sep 2026, 03:30 PM

Nahar Industrial Enterprises Limited announced that CRISIL Ratings has issued ratings for its total bank loan facilities of Rs 1,100 Crore. Long-term bank facilities have been assigned/maintained at 'CRISIL A-/Stable', while short-term bank facilities are rated 'CRISIL A2+'. The rated bank facilities of Rs 1,100 Crore represent approximately 161% of the company's total existing debt of Rs 682 Crore and 82.3% of TTM revenue (Rs 1,336 Crore). The rating letter remains valid until March 31, 2027.

Total bank loan facilities rated stand at Rs 1,100 Crore
Long-term rating reaffirmed at CRISIL A-/Stable
Short-term facility rating maintained at CRISIL A2+
Letter validity extends until March 31, 2027
Rated facilities include Rs 506.65 Cr of long-term loans and Rs 480 Cr of cash credit across multiple banks

💡 Track quarterly borrowing costs and interest expense to verify whether stable credit ratings help maintain competitive financing terms amid cyclical textile trends.

Nahar Industrial Sets 42nd AGM on Sep 29, 2026; Book Closure from Sep 23 to Sep 29

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Sep 2026, 04:40 PM

Nahar Industrial Enterprises Limited has scheduled its 42nd Annual General Meeting (AGM) for September 29, 2026, at 11:45 AM via VC/OAVM. The company's Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 29, 2026 (both days inclusive) for AGM purposes. The cut-off date to determine shareholders entitled to vote via remote e-voting is September 22, 2026. Remote e-voting opens on September 26, 2026 (9:00 AM) and closes on September 28, 2026 (5:00 AM).

42nd Annual General Meeting scheduled for September 29, 2026, at 11:45 AM
Book closure period set from September 23, 2026, to September 29, 2026 (both days inclusive)
Voting cut-off date fixed as Tuesday, September 22, 2026
Remote e-voting window runs from September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 AM)

💡 Shareholders holding stock as of the cut-off date (September 22, 2026) can participate in e-voting and monitor AGM proceedings for management commentary on core textile operations and warehousing diversification.

Nahar Industrial Enterprises Dispatches FY26 Annual Report Links; AGM on September 29, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Sep 2026, 05:06 PM

Nahar Industrial Enterprises Limited announced the dispatch of web-links for its FY2025-26 Annual Report to shareholders without registered email addresses under Regulation 36(1)(b) of SEBI LODR. The 42nd Annual General Meeting (AGM) is scheduled for Tuesday, September 29, 2026, at 11:45 AM via video conferencing. The cut-off date to determine e-voting eligibility is set for September 22, 2026, with remote e-voting active from September 26 to September 28, 2026.

42nd AGM to be held on September 29, 2026, at 11:45 AM via VC/OAVM
Cut-off date for e-voting entitlement fixed as September 22, 2026
Remote e-voting opens at 9:00 AM on September 26, 2026, and closes at 5:00 PM on September 28, 2026
Notice and Annual Report for FY2025-26 dispatched via weblink in compliance with SEBI Regulation 36(1)(b)

💡 Eligible shareholders should review the FY2025-26 Annual Report details and participate in the remote e-voting process ending September 28, 2026, or attend the virtual AGM on September 29, 2026.

Rs 25.28 Cr Net Profit in Q1; Revenue down 18.5% YoY; Other Income drives bottom line

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 14 Aug 2026, 04:09 PM

Nahar Industrial Enterprises reported a mixed Q1 FY27 with standalone revenue declining 18.5% YoY to Rs 316.53 Cr. Despite the revenue drop, Net Profit surged to Rs 25.28 Cr from Rs 3.99 Cr in the same quarter last year, primarily bolstered by Rs 26.62 Cr in Other Income. The textile segment saw a revenue contraction to Rs 268.65 Cr but a sharp rise in segment profits to Rs 22.93 Cr. Sugar segment performance weakened with revenue falling 34% YoY to Rs 45.05 Cr.

Total Income from operations fell 18.5% YoY to Rs 316.53 Cr from Rs 388.53 Cr.
Net Profit increased 533% YoY to Rs 25.28 Cr, largely due to Rs 26.62 Cr in Other Income.
Textile segment profit rose to Rs 22.93 Cr from Rs 2.21 Cr YoY despite lower sales.
Sugar segment revenue declined to Rs 45.05 Cr from Rs 68.40 Cr in the year-ago period.
Finance costs decreased by 20.4% YoY to Rs 10.01 Cr from Rs 12.58 Cr.

💡 Watch for the breakdown of 'Other Income' in the full annual report to determine if the profit boost is a one-time insurance gain related to the May 2026 fire incident at the Lalru unit.

Nahar Industrial acquires 100% stake in Emerald Logipark for Rs 1 Lakh

🟡 NEUTRAL ⭐ 4/10

M&A 📅 05 Aug 2026, 05:41 PM

Nahar Industrial Enterprises has acquired 100% equity of Emerald Logipark Private Limited, a promoter group entity, for a nominal cash consideration of Rs 1,00,000. The target company was recently incorporated in March 2026 and has reported zero turnover as it is yet to commence operations in the warehousing and storage sector. This acquisition aligns with the company's stated strategy to diversify into commercial real estate and logistics to mitigate the volatility of its core textile and sugar businesses. While the transaction value is negligible compared to Nahar's Rs 510 Cr market cap, it establishes a vehicle for future warehousing expansion.

Acquired 10,000 equity shares of Emerald Logipark at a face value of Rs 10 each, totaling Rs 1,00,000.
Target company Emerald Logipark was incorporated on March 30, 2026, and currently has Nil turnover.
The acquisition is a related-party transaction with the promoter group, conducted at arm's length.
Nahar Industrial now holds 100% shareholding and control of the new subsidiary.
Move supports the strategy to offset 3-4% EBITDA margin risks in the core textile and sugar segments.

💡 Investors should monitor future capital expenditure announcements related to this subsidiary, as the current acquisition is merely a shell entity for future warehousing development.

Routine Compliance: Nahar Industrial Submits Share Dematerialization Certificate for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 16 Jul 2026, 11:28 AM

Nahar Industrial Enterprises Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Alankit Assignments Limited (RTA), confirms that physical share certificates received for dematerialization during the quarter ended June 30, 2026, have been processed. This involves the verification, mutilation, and cancellation of physical certificates and updating depository records. This is a standard administrative filing with no impact on the company's financial performance or operations.

Covers the reporting period for the quarter ended June 30, 2026
Confirms compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Issued by Registrar and Transfer Agent (RTA) Alankit Assignments Limited
Confirms that depository names were substituted in records within prescribed timelines

💡 This is a procedural filing; investors should focus on the company's upcoming quarterly results and progress on its warehousing expansion projects to diversify from volatile textile margins.

Nahar Industrial Enterprises to Close Trading Window from July 1, 2026, for Q1 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Jun 2026, 02:49 PM

Nahar Industrial Enterprises Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. The closure is ahead of the declaration of the un-audited financial results for the quarter ending June 30, 2026. The window will remain closed for promoters, directors, and designated persons until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be notified at a later date.

Trading window closure effective from Wednesday, July 1, 2026.
Closure is related to the un-audited financial results for the quarter ended June 30, 2026.
Restriction applies to Promoters, Directors, KMPs, and Designated Persons.
Trading window will reopen 48 hours after the financial results are declared to the exchanges.

💡 This is a routine regulatory announcement and does not impact company fundamentals. Investors should monitor for the upcoming board meeting date to review the Q1 performance.

CRISIL Reaffirms 'A-/Stable' Rating for Nahar Industrial's Enhanced Rs 1,100 Cr Facilities

🟡 NEUTRAL ⭐ 6/10

REGULATORY 📅 03 Jun 2026, 11:54 AM

CRISIL has reaffirmed the credit ratings for Nahar Industrial Enterprises Limited's bank loan facilities, which have been enhanced to Rs 1,100 crore from the previous Rs 1,000 crore. The long-term rating is maintained at 'CRISIL A-/Stable' and the short-term rating at 'CRISIL A2+'. This reaffirmation suggests a stable credit profile and consistent debt-servicing capability despite the increase in total rated debt. The facilities are spread across multiple major lenders including SBI, Axis Bank, and HDFC Bank.

CRISIL reaffirmed the long-term rating at 'CRISIL A-/Stable' for bank loan facilities.
The short-term rating was reaffirmed at 'CRISIL A2+' for non-fund based limits.
Total rated bank loan facilities were enhanced to Rs 1,100 crore from Rs 1,000 crore.
Long-term loans account for approximately Rs 533.64 crore of the total rated amount.
Major banking partners include State Bank of India (Rs 186.5 cr cash credit) and Axis Bank (Rs 191.81 cr term loan).

💡 Investors should note the stability in credit ratings as a sign of financial consistency. The enhancement in rated limits suggests the company may be seeking additional headroom for growth or working capital.

Nahar Industrial Enterprises FY26 Net Profit Surges 163% to ₹53.97 Crore

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 30 May 2026, 05:30 PM

Nahar Industrial Enterprises Limited (NAHARINDUS) reported a robust financial performance for FY26, with standalone net profit jumping to ₹53.97 crore from ₹20.47 crore in FY25, representing a 163.6% increase. While total income saw a slight decline of 4.4% to ₹1,511.17 crore, profitability was significantly bolstered by a doubling of 'Other Income' to ₹102.72 crore. The company's EPS improved dramatically from ₹4.74 to ₹12.49, reflecting strong bottom-line growth despite headwinds in the textile segment.

Standalone annual net profit increased by 163.6% YoY to ₹53.97 crore.
Annual Earnings Per Share (EPS) rose to ₹12.49 from ₹4.74 in the previous year.
Other Income grew significantly to ₹102.72 crore in FY26 compared to ₹50.61 crore in FY25.
Sugar segment revenue increased to ₹216.34 crore, while the core Textile segment revenue declined by 10.3% to ₹1,190.18 crore.
The company noted a fire incident at its Lalru unit on May 23/24, 2026, but confirmed it is adequately insured with no impact on production.

💡 Investors should view the sharp rise in profitability positively, but must scrutinize the 'Other Income' component to determine if it is recurring. Monitor the Textile segment for revenue recovery in the coming quarters.

Nahar Industrial Reports Fire at Punjab Unit; No Impact on Production Operations

🔵 WATCH ⭐ 4/10

OTHER 📅 24 May 2026, 04:11 PM

Nahar Industrial Enterprises Limited reported a fire incident at its Lalru, Mohali unit during the night of May 23-24, 2026. The fire was confined to a godown area used for storing raw cotton bales and was successfully brought under control without any casualties or injuries. The company has confirmed that the affected stock and facility are adequately insured, and an insurance survey is being initiated. Importantly, the management stated that there is no impact on the company's production or manufacturing operations.

Fire occurred at the Nahar Complex in Lalru, Mohali, specifically in the raw cotton storage godown.
Zero casualties or personal injuries reported following the incident on May 23-24, 2026.
Management confirms no disruption to production or manufacturing operations.
Affected assets and raw material stocks are fully covered by insurance; loss assessment is ongoing.

💡 Investors should monitor the final loss assessment and the progress of the insurance claim. Since production remains unaffected, the incident is unlikely to have a material impact on the company's financial performance.

Nahar Industrial Reports Dematerialization of 750 Shares for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Apr 2026, 03:58 PM

Nahar Industrial Enterprises Limited (NAHARINDUS) has filed a routine regulatory update regarding the dematerialization of its equity shares for the quarter ending March 2026. During this period, a total of 750 shares were converted from physical to electronic form, with 550 shares processed through NSDL and 200 through CDSL. The company had previously confirmed that 43,089,722 equity shares were in dematerialized form as of December 31, 2025. This filing is a standard compliance requirement under SEBI regulations and does not impact the company's business fundamentals.

Total of 750 equity shares dematerialized between January 2026 and March 2026.
550 shares were dematerialized through National Securities Depository Limited (NSDL).
200 shares were dematerialized through Central Depository Services Limited (CDSL).
Cumulative dematerialized shares stood at 43,089,722 as of December 31, 2025.

💡 No action is required as this is a routine administrative update regarding the conversion of physical shares to electronic format.

Nahar Industrial Enterprises Complies with SEBI Depository Regulations for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Apr 2026, 03:55 PM

Nahar Industrial Enterprises Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Alankit Assignments Limited (the Registrar and Transfer Agent), covers the quarter ended March 31, 2026. It confirms that physical share certificates received for dematerialization were processed, mutilated, and cancelled as per regulatory requirements. This is a standard administrative filing ensuring the integrity of the company's shareholding records.

Compliance certificate issued for the quarter ended March 31, 2026.
Registrar and Transfer Agent (RTA) Alankit Assignments Limited confirmed the processing of dematerialization requests.
Physical share certificates were verified, mutilated, and cancelled as per SEBI norms.
The name of the depository has been substituted in the company records as the registered owner for dematerialized shares.

💡 No action is required from investors as this is a routine regulatory filing. Focus should remain on the company's upcoming quarterly financial results.

View All NAHARINDUS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in the Textiles and Sugar segments; consolidated revenue from operations grew 3.96% YoY to INR 1,530.08 Cr in FY25, while total income grew 5.17% to INR 1,580.70 Cr.

Geographic Revenue Split

Primarily domestic (India) focused; 100% of revenue is attributed to Indian operations with major hubs in Punjab.

Profitability Margins

Net Profit Margin improved from 0.73% in FY24 to 1.42% in FY25; Basic EPS increased 112.5% from INR 2.23 to INR 4.74.

EBITDA Margin

CRISIL monitors a target EBITDA margin of 7-9% for upward rating sensitivity; margins below 3.5-4% are considered a downward risk factor due to moderation in operating performance.

Capital Expenditure

Planned capital expenditure in the commercial real estate segment, including warehousing projects in Kolkata and a mixed-use industrial park in Mundian; historical group support included INR 40 Cr in preference shares.

Credit Rating & Borrowing

CRISIL A-/Negative (Outlook revised to Negative); the company maintains fund-based limits of INR 480 Cr utilized at 78% on average.

⚙️ Operational Drivers

Raw Materials

Cotton and Sugarcane, which drive the Cost of Materials Consumed totaling INR 884.69 Cr, representing 57.8% of revenue from operations.

Import Sources

Domestic markets within India, with procurement strategies focused on peak season acquisition to maintain quality.

Capacity Expansion

Current capacity not disclosed; planned expansion includes developing warehouse space in Kolkata and a mixed-use industrial park in village Mundian to diversify revenue streams.

Raw Material Costs

Raw material costs stood at INR 884.69 Cr in FY25, up 2.97% from INR 859.17 Cr in FY24, representing 57.8% of revenue.

Logistics & Distribution

Other expenses, including distribution and administrative costs, totaled INR 221.50 Cr in FY25, representing 14.5% of revenue from operations.

📈 Strategic Growth

Expected Growth Rate

5.17%

Growth Strategy

The company aims to achieve growth by diversifying into the commercial real estate and warehousing sectors (e.g., Kolkata, Mundian, Gorakhpur, Silchar) to generate steady rental income and reduce reliance on the volatile textile and sugar markets.

Products & Services

Textile products (Yarn and Fabric), Sugar, and Warehousing/Logistics services.

Brand Portfolio

Nahar and Cotton County (merged entity).

New Products/Services

Incorporation of wholly-owned subsidiaries NIEL Gorakhpur Logipark and Oswal Silchar Logipark for expansion into the logistics and warehousing sector; expected revenue contribution % not disclosed.

Market Expansion

Targeting Kolkata and Mundian for warehousing and industrial parks; Gorakhpur and Silchar for logiparks; timelines not explicitly specified.

Strategic Alliances

Associates include Vardhman Investment Limited, JL Growth Fund Ltd, Atam Vallabh Financier Limited, and OWM Renew LLP.

🌍 External Factors

Industry Trends

The textile sector is experiencing moderate integration; the company is shifting focus toward warehousing to secure steady rentals, aiming to mitigate the 3-4% EBITDA margin risk in its core textile/sugar operations.

Competitive Landscape

Operates in a fragmented textile and sugar market; competitive advantage is derived from integrated operations and group-level support.

Competitive Moat

The company benefits from being part of the INR 7,700 Cr Nahar Group, providing financial flexibility and a 'group notch-up' in credit ratings, which is sustainable as long as group strategic importance remains high.

Macro Economic Sensitivity

Highly sensitive to agricultural commodity prices (cotton/sugar) and interest rate fluctuations, with finance costs rising 60.3% YoY to INR 45.96 Cr.

⚖️ Regulatory & Governance

Industry Regulations

Subject to Indian Accounting Standards (Ind AS) and SEBI LODR regulations; operational regulations include sugar pricing and textile export/import norms.

Legal Contingencies

Pending litigations disclosed in Standalone Ind AS Financial Statements as of March 31, 2025; specific case values in INR not provided in snippets.

⚠️ Risk Analysis

Key Uncertainties

Key risks include seasonal raw material availability leading to high working capital (GCA 141-238 days) and potential weakening of operating margins below 3.5%.