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Nahar Poly Films Limited (NAHARPOLY)

₹224.24 +2.00% last close, 16 Oct

📊 NSE: NAHARPOLY 🏢 Packaging 📢 Latest filing: 03 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Nahar Poly's revenue was ₹160 Cr (-18.7% year on year, -4.8% on the previous quarter), and net profit ₹11.7 Cr (-35.9% year on year); the operating margin was 9.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹160	-18.7%	-4.8%
Operating profit	₹15.2	-45.4%	-51.1%
Net profit	₹11.7	-35.9%	-41.6%
EPS (₹)	4.75	-36.0%	-43.0%
Operating margin	9.5%	—	—

Full quarterly financials → Results calendar →

NAHARPOLY delivery percentage

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

On Fri, 16 Oct 2026, 72.05% of the NAHARPOLY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 70.64%. That is close to its usual level. Turnover was only ₹9 lakh, so a handful of trades can move this figure.

72.05%Delivery, 16 Oct

70.64%Own 20-session average

0.8×Volume vs its average

₹224.24NSE close · +2.00%

Delivery in the last 5 sessions: 69.7% · 77.8% · 70.2% · 78.4% · 72.0%

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 Poly Films reports dematerialisation of 1,906 equity shares in August 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 03 Sep 2026, 05:34 PM

Nahar Poly Films Limited submitted its monthly dematerialisation report under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for August 2026. A total of 1,906 equity shares were dematerialised during the month. Post-dematerialisation, the total shares held across depositories (NSDL and CDSL) stand at 24,094,988 equity shares. This filing is purely procedural and carries no financial or operational impact.

1,906 equity shares were dematerialised during the month of August 2026
Total dematerialised shareholding across NSDL and CDSL reached 24,094,988 equity shares
Physical share certificates were verified, cancelled, and substituted with depositories as registered owners

💡 No action required. Investors should focus on the upcoming Q2 FY27 financial results and operational updates regarding BOPP capacity utilisation.

Nahar Poly Films Dispatches FY26 Annual Report Web-Link Notice; 38th AGM on Sept 25, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Sep 2026, 05:35 PM

Nahar Poly Films Limited has issued an intimation under Regulation 36(1)(b) of SEBI LODR regarding letters sent to shareholders whose email IDs are not registered. The communication provides the web-link and navigation path to access the Annual Report for FY2025-26. The company's 38th Annual General Meeting (AGM) is scheduled to be held on Friday, September 25, 2026, at 11:30 AM IST via Video Conferencing.

38th Annual General Meeting scheduled for September 25, 2026, at 11:30 AM via VC/OAVM
Cut-off date for dispatch of Notice of AGM and Annual Report was August 21, 2026
Communication dispatched pursuant to Regulation 36(1)(b) of SEBI LODR Regulations
Shareholders urged to register email addresses with RTA Alankit Assignments or DPs

💡 Shareholders can access the FY26 Annual Report via the company website and participate in the AGM on September 25, 2026.

Nahar Poly Films Schedules 38th AGM for Sep 25, 2026; Confirms Rs 1.50/Share Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Aug 2026, 12:22 PM

Nahar Poly Films Limited has issued the notice for its 38th Annual General Meeting (AGM) scheduled for September 25, 2026, via Video Conferencing. Key agenda items include the approval of a dividend of Rs 1.50 per equity share (face value Rs 5) for FY26 and the re-appointment of four Independent Directors for a second 5-year term. The record date for dividend eligibility is set as September 4, 2026, with book closure from September 5 to September 9, 2026.

38th AGM scheduled on Friday, September 25, 2026 at 11:30 AM via VC/OAVM
Proposed dividend of Rs 1.50 per equity share of Rs 5 face value for FY26
Record date for dividend entitlement fixed at September 4, 2026 (Book closure: Sep 5 to Sep 9, 2026)
Re-appointment of four Independent Directors for a second 5-year tenure starting in 2027

💡 Shareholders seeking dividend eligibility must hold shares as of the close of business on September 4, 2026. Watch for voting outcomes post-AGM on September 25, 2026.

Nahar Poly Re-appoints 4 Independent Directors for Second 5-Year Terms

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 05 Aug 2026, 05:58 PM

Nahar Poly Films has approved the re-appointment of four Independent Directors for second five-year terms, ensuring board continuity. Dr. Anchal Kumar Jain's term begins May 25, 2027, while Dr. Roshan Lal Behl, Dr. Prem Lata Singla, and Dr. Rajan Dhir begin their terms on August 24, 2027. These appointments are subject to shareholder approval at the upcoming Annual General Meeting. The directors bring extensive academic and administrative experience, with tenures extending until 2032.

4 Independent Directors re-appointed for a second term of 5 consecutive years each
Dr. Anchal Kumar Jain's new term is effective from May 25, 2027, to May 24, 2032
Three directors (Behl, Singla, Dhir) to start their second terms on August 24, 2027
Directors' backgrounds include over 39-40 years of experience in teaching and administration

💡 Investors should monitor the upcoming Annual General Meeting (AGM) for shareholder voting results on these re-appointments to ensure board stability.

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

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 05 Aug 2026, 05:53 PM

Nahar Poly Films has fixed September 4, 2026, as the record date for a dividend of Rs 1.50 per equity share (30% of face value) for FY26. This follows a strong financial year where the company reported a PAT of Rs 78.34 Cr and an EPS of Rs 32.07. The dividend represents a payout ratio of approximately 4.7% of its TTM earnings and a yield of 0.55% at the current price of Rs 273.8. The book closure period is scheduled from September 5 to September 9, 2026.

Dividend of Rs 1.50 per equity share of Rs 5 face value announced for FY26
Record date for determining shareholder eligibility is September 4, 2026
Book closure period set from September 5 to September 9, 2026
Dividend payout is approximately 4.7% of the TTM EPS of Rs 32.07

💡 Investors seeking the dividend must hold shares before the ex-dividend date (typically one business day prior to the record date); monitor the 38th AGM for final approval.

Nahar Poly Films Q1 Net Profit Drops 36% YoY to ₹11.68 Cr Amid Revenue Contraction

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 05 Aug 2026, 05:48 PM

Nahar Poly Films Limited reported a weak set of results for Q1 FY27, with consolidated revenue from operations declining 18.7% YoY to ₹159.92 Cr. Consolidated Net Profit fell 35.9% YoY to ₹11.68 Cr, down from ₹18.24 Cr in the same quarter last year. The decline is primarily driven by lower operational performance in the core BOPP films segment, despite a higher contribution from associate profits (₹5.46 Cr vs ₹3.34 Cr). The Board has also fixed September 4, 2026, as the record date for the FY26 dividend payment.

Revenue from operations decreased by 18.7% YoY to ₹159.92 Cr from ₹196.75 Cr.
Consolidated Net Profit fell 35.9% YoY to ₹11.68 Cr compared to ₹18.24 Cr in Q1 FY26.
Standalone Profit Before Tax (PBT) saw a sharp decline of 50.7% YoY, falling to ₹10.08 Cr.
Earnings Per Share (EPS) for the quarter dropped to ₹9.50 from ₹14.84 YoY.
Record date for the FY26 dividend payment fixed as September 4, 2026.

💡 Investors should monitor the company's capacity utilization of its 60,000 TPA line and realization prices, as industry-wide overcapacity continues to pressure margins.

2,598 Shares Dematerialized in July 2026; Total Demat Holding at 2.41 Cr Shares

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Aug 2026, 05:42 PM

Nahar Poly Films Limited has filed its monthly dematerialization report for July 2026 as per SEBI Regulation 74(5). During the month, 2,598 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 24,093,082. This is a standard administrative filing with no impact on the company's financial performance or operations.

A total of 2,598 equity shares were dematerialized during the month of July 2026.
Total dematerialized holding in NSDL and CDSL reached 24,093,082 equity shares as of August 3, 2026.
The filing was made in compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
The company maintains a promoter holding of 72.51% as per the latest March 2026 records.

💡 This is a routine procedural update. Investors should focus on core business metrics such as OPM (15.2% TTM) and the utilization of the 60,000 TPA BOPP film capacity in upcoming quarterly results.

June 30, 2026: Nahar Poly Films Submits Routine Quarterly Demat Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jul 2026, 04:22 PM

Nahar Poly Films Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that for the quarter ended June 30, 2026, the company's Registrar and Transfer Agent, Alankit Assignments Ltd, has processed all physical share certificates received for dematerialization. This process includes the verification, mutilation, and cancellation of physical certificates and updating the depository as the registered owner. This is a standard administrative requirement for listed entities and has no impact on the company's financial or operational standing.

Compliance certificate issued for the quarter ended June 30, 2026
Registrar and Transfer Agent (RTA) confirmed as Alankit Assignments Ltd
Confirmation of mutilation and cancellation of physical share certificates received for demat
Substitution of depository name in records as the registered owner

💡 This is a procedural filing with no impact on business fundamentals; investors should focus on upcoming quarterly earnings to assess operational performance.

1,155 Shares Dematerialized in June 2026; Total Demat Holding at 2.41 Crore Shares

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Jul 2026, 03:45 PM

Nahar Poly Films Limited has released its monthly dematerialization report for June 2026, as required under SEBI Regulation 74(5). During the month, 1,155 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 24,090,484. This is a standard administrative filing and does not reflect any change in the company's business fundamentals or financial health.

A total of 1,155 equity shares were dematerialized during the month of June 2026.
Total dematerialized holding across NSDL and CDSL stands at 24,090,484 equity shares.
The filing confirms compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
The report was submitted on July 02, 2026, following the end of the reporting month.

💡 No action is required from investors as this is a routine procedural update regarding the conversion of physical share certificates into electronic format.

Nahar Poly Films Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Jun 2026, 02:14 PM

Nahar Poly Films Limited has informed the exchanges that its trading window will be closed starting July 1, 2026, for all designated persons and their relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q1 financial results for the period ending June 30, 2026. The window will remain shut until 48 hours after the financial results are officially declared. The specific date for the board meeting to approve these results is yet to be announced.

Trading window closure effective from July 1, 2026
Closure is related to the financial results for the quarter ending June 30, 2026
Applies to Promoters, Directors, Key Managerial Personnel, and Designated Persons
Window to reopen 48 hours after the announcement of Q1 financial results

💡 This is a routine regulatory announcement with no direct impact on the company's valuation. Investors should monitor for the upcoming board meeting date to review the Q1 performance results.

Nahar Poly Films Issues Mandatory KYC and PAN Update Notice for Physical Shareholders

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 18 Jun 2026, 03:35 PM

Nahar Poly Films Limited has completed the dispatch of intimation letters to shareholders holding shares in physical form regarding the mandatory update of PAN, KYC, and Nomination details. This action is in compliance with SEBI's Master Circular dated May 07, 2024, and the 'SAKSHAM NIVESHAK' campaign running from April 1, 2026, to July 9, 2026. Shareholders who fail to update these details will be ineligible to receive dividends or lodge grievances. Furthermore, 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, KYC, and Nomination details for all physical shareholders per SEBI circular SEBI/HO/MIRSD/POD-1/P/CIR/2024/37.
Non-compliant folios will have dividend payments and service requests withheld until the required documents are submitted.
The 'SAKSHAM NIVESHAK' campaign by IEPFA is active from April 1, 2026, to July 9, 2026, to prevent transfer of unclaimed dividends to IEPF.
All future corporate actions and service requests like transmissions or sub-divisions will be processed in dematerialized form only.
Shareholders must use prescribed forms (ISR-1, ISR-2, SH-13) and submit them to the RTA, Alankit Assignments Limited.

💡 Physical shareholders should immediately submit the required KYC forms and link their PAN with Aadhaar to ensure uninterrupted dividend payments. It is strongly advised to dematerialize physical shares at the earliest to facilitate easier trading and service requests.

Nahar Poly Films Reports Dematerialization of 883 Shares in May 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Jun 2026, 05:56 PM

Nahar Poly Films Limited has released its monthly dematerialization report for May 2026 in compliance with SEBI regulations. During the month, 883 equity shares were processed for dematerialization and converted into electronic form. As of June 2, 2026, the total number of shares held in dematerialized form through NSDL and CDSL stands at 24,089,329. This is a standard administrative update and does not impact the company's financial performance or business strategy.

A total of 883 equity shares were dematerialized during the month of May 2026.
The total dematerialized holding across NSDL and CDSL reached 24,089,329 equity shares as of June 2, 2026.
The filing was made pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Physical share certificates processed during the month have been cancelled and substituted with depository names in the company's records.

💡 No action is required from investors as this is a routine regulatory disclosure regarding the conversion of physical shares to electronic format.

Nahar Poly Films Appoints Sakshi Maheshwari as Company Secretary and Compliance Officer

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 28 May 2026, 06:49 PM

Nahar Poly Films Limited has announced the appointment of Ms. Sakshi Maheshwari as the Company Secretary and Compliance Officer (Key Managerial Personnel), effective May 28, 2026. The appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee. Ms. Maheshwari, aged 23, is an Associate Member of the Institute of Company Secretaries of India (ICSI) and holds a Bachelor's degree in Commerce. This move ensures the company remains compliant with SEBI's regulatory requirements for listed entities.

Ms. Sakshi Maheshwari appointed as Company Secretary and Compliance Officer effective May 28, 2026.
The appointee is an Associate Member of ICSI (Membership No. A79236) with a B.Com degree from Punjab University.
The Board meeting approving the appointment was held on May 28, 2026, from 02:00 P.M. to 05:25 P.M.
The appointment fulfills the requirement for Key Managerial Personnel (KMP) under SEBI Listing Regulations.

💡 This is a routine administrative appointment to ensure regulatory compliance and does not impact the company's fundamentals. No immediate action is required.

Nahar Poly Films FY26 Net Profit Surges 90% to ₹67.28 Cr; Recommends ₹1.50 Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 28 May 2026, 05:50 PM

Nahar Poly Films reported a robust performance for the financial year ended March 31, 2026, with consolidated net profit nearly doubling to ₹67.28 crore from ₹35.37 crore in the previous year. Annual revenue from operations grew by 5.7% to reach ₹704.20 crore, while Profit Before Tax (PBT) saw a significant jump of 76.5%. The Board has recommended a final dividend of ₹1.50 per equity share (30% of face value). Additionally, the company announced the appointment of Sakshi Maheshwari as the new Company Secretary and Compliance Officer.

Consolidated Net Profit for FY26 increased by 90.2% YoY to ₹67.28 crore
Annual Revenue from Operations rose to ₹704.20 crore compared to ₹665.94 crore in FY25
Recommended a final dividend of ₹1.50 per equity share (30% on face value of ₹5)
Full-year Consolidated Earnings Per Share (EPS) nearly doubled to ₹27.36 from ₹14.39
Profit Before Tax (PBT) for the year stood at ₹90.65 crore, a 76.5% increase over the previous year

💡 The company has demonstrated exceptional bottom-line growth and improved operational efficiency, making it a strong candidate for long-term holding. Investors should monitor the sustainability of these margins in the upcoming quarters while enjoying the recommended dividend yield.

Nahar Poly Films FY26 Net Profit Surges 87.7% to ₹68.27 Cr; ₹1.50 Dividend Declared

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 28 May 2026, 05:47 PM

Nahar Poly Films reported a robust performance for the financial year ended March 31, 2026, with annual net profit nearly doubling to ₹6,826.72 lakhs from ₹3,636.14 lakhs in the previous year. Revenue from operations grew by 5.7% YoY to ₹70,420.21 lakhs, driven by steady demand in the BOPP films segment. The Board has recommended a dividend of ₹1.50 per equity share (30% of face value), reflecting strong cash generation. Additionally, the company appointed Ms. Sakshi Maheshwari as the new Company Secretary and Compliance Officer.

Annual Net Profit jumped 87.7% YoY to ₹6,826.72 lakhs in FY26 compared to ₹3,636.14 lakhs in FY25.
Revenue from operations for FY26 increased to ₹70,420.21 lakhs from ₹66,593.73 lakhs in the previous year.
Q4 FY26 Net Profit rose 51.8% YoY to ₹1,982.10 lakhs against ₹1,305.83 lakhs in Q4 FY25.
Board recommended a dividend of ₹1.50 per equity share (30%) on a face value of ₹5 per share.
Full-year Earnings Per Share (EPS) increased significantly to ₹27.76 from ₹14.79 in the previous fiscal.

💡 The company has demonstrated strong earnings momentum and improved profitability margins, making it a positive development for shareholders. Investors should hold the stock for the dividend yield and monitor the sustainability of the BOPP film segment's growth.

View All NAHARPOLY Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single business segment, BOPP Films, which generated revenue of INR 665.94 Cr in FY25, representing a growth of 11% compared to INR 599.93 Cr in FY24.

Geographic Revenue Split

Not disclosed in available documents, though the company notes exposure to export markets and geography-specific risks.

Profitability Margins

Operating profit margin improved significantly to 14.28% in FY25 from 5.50% in FY24. Net profit margin turned positive at 7.86% in FY25 compared to -1.91% in FY24, reflecting a sharp turnaround from a loss of INR 8.49 Cr to a profit of INR 36.36 Cr.

EBITDA Margin

Operating profit margin (proxy for EBITDA) was 14.28% in FY25, a YoY increase of 8.78 percentage points from 5.50% in FY24, driven by improved realization prices and higher volumes.

Capital Expenditure

The company undertook large debt-funded capex in recent years, including the commercialization of a 30,000 TPA BOPP line in February 2022, which doubled total capacity to 60,000 TPA.

Credit Rating & Borrowing

CARE Ratings assigned a 'Stable' outlook. The company maintains high financial flexibility due to group investments worth INR 223 Cr to INR 405 Cr. Interest coverage ratio improved to 9.3x in FY25.

⚙️ Operational Drivers

Raw Materials

Polypropylene (BOPP resin) is the primary raw material, representing the largest component of the cost structure, though the exact percentage is not disclosed.

Import Sources

Not specifically disclosed, but the company is exposed to foreign fluctuation risk, indicating international sourcing or pricing benchmarks.

Capacity Expansion

Current installed capacity is 60,000 TPA for BOPP Films, following the addition of a 30,000 TPA line in February 2022. No further planned expansion is detailed.

Raw Material Costs

Raw material costs are highly susceptible to volatility in crude oil prices; margins are sensitive to the company's ability to pass these costs to customers.

Manufacturing Efficiency

Manufacturing scale increased with the new 30,000 TPA unit; however, specific capacity utilization metrics are not disclosed.

📈 Strategic Growth

Expected Growth Rate

11%

Growth Strategy

Growth is driven by ramping up the 30,000 TPA capacity line, focusing on higher-margin value-added films, and utilizing the financial flexibility provided by group investments.

Products & Services

Biaxially Oriented Polypropylene (BOPP) Films used primarily for packaging in the food and commercial sectors.

Brand Portfolio

Nahar Poly Films (part of the Nahar Group, which includes brands like Monte Carlo).

New Products/Services

Focus on 'value-added films' to improve core profitability and differentiate from commodity BOPP products.

Market Expansion

The company targets export markets to diversify its revenue base, though specific target regions are not detailed.

Strategic Alliances

Part of the Nahar Group, with significant cross-holdings in Nahar Spinning Mills (INR 143.29 Cr fair value) and Nahar Capital and Financial Services (INR 36.73 Cr cost).

🌍 External Factors

Industry Trends

The BOPP industry is currently experiencing a demand-supply imbalance due to overcapacity and excess supply, which has historically moderated profitability across the sector.

Competitive Landscape

High competition from other BOPP film manufacturers in a market characterized by cyclical oversupply.

Competitive Moat

Sustainable competitive advantage derived from being part of the 70-year-old Nahar Group, providing ample financial flexibility (INR 223-405 Cr in group investments) and established customer relations.