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NAHARPOLY - Nahar Poly

📊 NSE: NAHARPOLY 🏢 Packaging 📅 Last Updated: 12/14/2025 10:14

📢 Recent Corporate Announcements

Nahar Poly Films Reports Dematerialization of 1,072 Shares in February 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Mar 2026, 03:58 PM

Nahar Poly Films Limited has released its monthly dematerialization report for February 2026 in compliance with SEBI regulations. During this period, 1,072 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 24,084,618. This is a standard administrative filing and does not impact the company's operational or financial standing.

A total of 1,072 equity shares were dematerialized during the month of February 2026.
The cumulative dematerialized holding in NSDL and CDSL reached 24,084,618 equity shares.
The filing was made pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Physical share certificates involved in the process have been cancelled and substituted with the Depository's name.

💡 No action is required from investors as this is a routine regulatory update. Focus remains on the company's core business performance and upcoming financial results.

Nahar Poly Films Q3 PAT Surges 147% YoY to ₹16.29 Cr; Revenue Dips Slightly

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 07 Feb 2026, 05:26 PM

Nahar Poly Films reported a strong year-on-year performance for Q3 FY26, with standalone net profit jumping 147% to ₹16.29 crore compared to ₹6.59 crore in the same quarter last year. However, revenue from operations saw a marginal decline of 3.1% YoY to ₹167.47 crore. The bottom line was significantly bolstered by a surge in other income, which rose to ₹11.64 crore from ₹4.13 crore YoY. On a consolidated basis, including its associate company, the net profit stood at ₹19.33 crore with an EPS of ₹7.85.

Standalone Net Profit grew 147% YoY to ₹16.29 crore in Q3 FY26
Revenue from operations decreased slightly by 3.1% YoY to ₹167.47 crore
Other income saw a substantial jump of 182% YoY to ₹11.64 crore
Consolidated EPS for the quarter improved significantly to ₹7.85 from ₹3.06 YoY
Finance costs reduced to ₹1.87 crore from ₹2.45 crore in the year-ago period

💡 The company demonstrates strong profitability growth and debt reduction despite stagnant top-line growth. Investors should monitor if the company can revive revenue growth in the coming quarters to sustain this earnings momentum.

Nahar Poly Films Reports Dematerialization of 1,621 Shares in January 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Feb 2026, 03:20 PM

Nahar Poly Films Limited has released its monthly dematerialization report for January 2026, in compliance with SEBI (Depositories and Participants) Regulations. A total of 1,621 equity shares were transitioned from physical to electronic format during the month. The process involved 687 shares through NSDL and 934 shares through CDSL. Following these updates, the total number of shares held in dematerialized form across both depositories stands at 24,083,546.

Total of 1,621 equity shares dematerialized during the month of January 2026
Dematerialization breakdown includes 687 shares via NSDL and 934 shares via CDSL
Total electronic holdings across NSDL and CDSL reached 24,083,546 equity shares
Compliance maintained under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018

💡 This is a routine administrative filing with no impact on company fundamentals; no action is required from investors.

Nahar Poly Films Submits Quarterly SEBI Demat Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Jan 2026, 05:24 PM

Nahar Poly Films Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The report, covering the quarter ended December 31, 2025, confirms that physical share certificates received for dematerialization were processed correctly. The company's Registrar and Transfer Agent, Alankit Assignments Ltd, verified that these certificates were mutilated and cancelled. This filing is a standard procedural requirement for listed companies in India.

Compliance certificate submitted for the quarter ended December 31, 2025.
Confirms processing of physical shares into dematerialized form under SEBI Regulation 74(5).
Registrar Alankit Assignments Ltd confirmed the cancellation of physical certificates.
The securities are confirmed to be listed on the BSE and NSE.

💡 This is a routine administrative update with no impact on stock valuation. No specific action is needed from shareholders.

Nahar Poly Films Reports Dematerialization of 785 Shares in December 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Jan 2026, 12:40 PM

Nahar Poly Films Limited has released its monthly dematerialization report for December 2025, in compliance with SEBI Regulations. A total of 785 equity shares were processed and converted from physical to electronic form during the month. As of the report date, the total number of shares held in electronic form across NSDL and CDSL depositories stands at 24,081,925. This is a standard administrative update regarding the company's share capital structure.

785 equity shares were dematerialized during the month of December 2025
Total electronic shareholding across NSDL and CDSL reached 24,081,925 shares
Compliance fulfilled under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Physical certificates were cancelled and substituted with depository names in the company's records

💡 No action is required from investors as this is a routine regulatory filing. Investors should continue to monitor the company's quarterly financial performance for material changes.

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

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Dec 2025, 04:04 PM

Nahar Poly Films Limited has notified the exchanges regarding the closure of its trading window starting January 1, 2026. This mandatory regulatory step is taken in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter ending December 31, 2025. The window will remain closed for all designated persons, including promoters and directors, until 48 hours after the results are made public. The specific date for the board meeting to approve the Q3 results will be communicated separately.

Trading window closure effective from January 1, 2026.
Closure is related to the financial results for the quarter ending December 31, 2025.
Applies to Promoters, Directors, Key Managerial Personnel, and Designated Persons.
Window will reopen 48 hours after the announcement of the financial results.

💡 This is a routine regulatory announcement and does not require any immediate action from retail investors. Investors should monitor the upcoming Q3 results for actual performance indicators.

Nahar Poly Films: Demat Report for November 2025

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Dec 2025, 04:15 PM

Nahar Poly Films Limited has informed the exchange about the dematerialization of shares for November 2025. A total of 53295 equity shares, including 51640 shares transferred to IEPF, were dematerialized during the month. Following dematerialization, share certificates were cancelled and replaced with the Depository as the registered owner. The total holding of NSDL and CDSL as of the reporting date is 24081140 equity shares.

53295 equity shares dematerialized in November 2025
51640 equity shares transferred to IEPF
Total holding of NSDL and CDSL is 24081140 equity shares

💡 This is a routine update. Investors can review their holdings and ensure the dematerialization is reflected accurately in their accounts.

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.