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NAHARSPING - Nahar Spinning

📊 NSE: NAHARSPING 🏢 Textiles - Cotton/Blended 📅 Last Updated: 12/14/2025 10:15

📢 Recent Corporate Announcements

Nahar Spinning Mills Reports Dematerialization of 2,292 Shares in February 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Mar 2026, 04:22 PM

Nahar Spinning Mills Limited has released its monthly dematerialization report for February 2026, in compliance with SEBI Regulations. During the month, the company processed the dematerialization of 2,292 equity shares, converting them from physical to electronic format. As of the report date, the total number of shares held in dematerialized form through NSDL and CDSL stands at 35,666,032. This is a standard administrative filing and does not impact the company's operational or financial standing.

A total of 2,292 equity shares were dematerialized during the month of February 2026.
Total shares held in electronic form (NSDL and CDSL) reached 35,666,032 as of March 5, 2026.
The filing was made pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Physical share certificates for the dematerialized units have been cancelled and substituted with the Depository as the registered owner.

💡 This is a routine regulatory update with no impact on stock valuation; no action is required from investors. Continue to monitor the company's quarterly financial results for fundamental performance indicators.

Nahar Spinning Mills Q3 FY26 Results: Net Loss Widens to ₹12.92 Crore

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 07 Feb 2026, 04:09 PM

Nahar Spinning Mills reported a weak performance for the quarter ended December 31, 2025, with total income declining to ₹706.66 crore from ₹815.65 crore in the same quarter last year. The company posted a net loss of ₹12.92 crore for Q3 FY26, a sharp reversal from the ₹0.75 crore profit recorded in Q3 FY25. On a sequential basis, losses widened from ₹4.40 crore in the September 2025 quarter. For the nine-month period, the company remains in the red with a cumulative net loss of ₹3.60 crore.

Total Income for Q3 FY26 fell 13.3% YoY to ₹706.66 crore.
Net Loss for the quarter stood at ₹12.92 crore versus a profit of ₹0.75 crore in Q3 FY25.
Earnings Per Share (EPS) for the quarter was negative at ₹(3.58).
Nine-month total income reached ₹2,310.62 crore with a cumulative net loss of ₹3.60 crore.
Finance costs for the nine-month period ending December 2025 were ₹41.56 crore.

💡 Investors should exercise caution as the company is facing declining revenues and widening losses. The stock may face downward pressure until there is a clear recovery in margins and textile demand.

Nahar Spinning Mills Reports Dematerialization of 2,801 Shares in January 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Feb 2026, 03:37 PM

Nahar Spinning Mills Limited has released its monthly dematerialization report for January 2026 as per SEBI regulations. During the month, a total of 2,801 equity shares were converted from physical to electronic form. Following these transactions, the total number of shares held in dematerialized form across NSDL and CDSL stands at 35,663,740. This is a standard regulatory filing and does not reflect any change in the company's operational or financial fundamentals.

2,801 equity shares were dematerialized during the month of January 2026.
Total dematerialized shareholding across NSDL and CDSL reached 35,663,740 equity shares.
Compliance filing submitted under 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 as the registered owner.

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

Nahar Spinning Mills Submits Q3 FY26 Demat Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Jan 2026, 11:03 AM

Nahar Spinning Mills Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI Regulations for the period ending December 31, 2025. The certificate, issued by Alankit Assignments Ltd, confirms that all physical share certificates received for dematerialization were processed correctly. It specifically states that these certificates were mutilated, cancelled, and the depository's name was substituted in the records as the registered owner. This filing is a mandatory administrative requirement to ensure the accuracy of electronic shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Issued by Registrar and Share Transfer Agent (RTA), Alankit Assignments Ltd.
Confirms physical share certificates were mutilated and cancelled after verification.
Depository names substituted in records as registered owners for dematerialized shares.

💡 This is a routine administrative update with no impact on company fundamentals. No specific action is required from investors.

Nahar Spinning Mills Reports Dematerialization of 2,082 Shares in December 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Jan 2026, 11:51 AM

Nahar Spinning Mills Limited has filed its monthly dematerialization report for December 2025 in compliance with SEBI regulations. During the month, 2,082 equity shares were converted from physical to electronic form. The total number of shares currently held in dematerialized form through NSDL and CDSL stands at 35,660,939. This is a standard administrative update and does not impact the company's operational or financial standing.

A total of 2,082 equity shares were dematerialized during December 2025.
Total electronic shareholding across NSDL and CDSL reached 35,660,939 shares.
Compliance was maintained under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Physical certificates were verified, cancelled, and substituted with the depository as the registered owner.

💡 No action is required from investors as this is a routine regulatory filing. Monitor upcoming quarterly earnings for insights into the company's financial performance.

Nahar Spinning Mills Announces Trading Window Closure from Jan 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Dec 2025, 09:48 AM

Nahar Spinning Mills Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial results declaration. The closure pertains to the un-audited financial results for the quarter and nine months ending December 31, 2025. The trading window will reopen 48 hours after the results are officially disclosed to the stock exchanges.

Trading window closure effective from January 1, 2026
Closure is for the quarter and nine months ended December 31, 2025 financial results
Applies to Promoters, Directors, KMPs, and Designated Persons
Window to remain closed until 48 hours post-result announcement

💡 No action is required as this is a routine regulatory filing. Investors should await the announcement of the board meeting date for the Q3 FY26 financial results.

Nahar Spinning Mills Reports Demat of 52,550 Equity Shares for November 2025

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Dec 2025, 02:34 PM

Nahar Spinning Mills Limited has submitted its monthly dematerialization report for November 2025 as per SEBI regulations. The company processed the dematerialization of 52,550 equity shares during the month, of which 50,415 shares were transferred to the Investor Education and Protection Fund (IEPF). The total number of shares currently held in dematerialized form across NSDL and CDSL is 35,658,857. This update is part of the company's regular compliance and administrative reporting.

A total of 52,550 equity shares were dematerialized during the month of November 2025.
The dematerialized count includes 50,415 equity shares transferred to the Investor Education and Protection Fund (IEPF).
Total electronic shareholding across NSDL and CDSL depositories stands at 35,658,857 shares.
The filing was made in compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

💡 No action is required as this is a routine administrative filing. Investors should focus on the company's upcoming quarterly results for fundamental performance indicators.

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💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment (Textile), which achieved a total income of INR 3,318.91 Cr in FY25, representing a growth of 8.26% compared to INR 3,065.57 Cr in FY24.

Geographic Revenue Split

Exports contributed INR 1,634.53 Cr (49.25% of total income), growing 0.58% YoY. Domestic sales account for the remaining 50.75% of revenue.

Profitability Margins

Net Profit Margin improved to 0.38% in FY25 from -1.67% in FY24. Return on Capital Employed (ROCE) stood at 0.03 (3%) compared to 0.00 in the previous year, while Return on Equity (ROE) turned positive at 0.01 (1%) from -0.03 (-3%).

EBITDA Margin

EBITDA margin improved to 5.9% (INR 195.79 Cr) in FY25 from 3.2% (INR 99.11 Cr) in FY24. CRISIL projects margins to further recover to 6.5-7.0% in FY26 due to reduced cotton price volatility.

Capital Expenditure

The company completed modernization and expansion projects during FY22-FY24. Current annual debt obligations and maintenance capex are estimated at INR 35-45 Cr, which are well-covered by projected cash accruals of INR 150-200 Cr.

Credit Rating & Borrowing

Short-term rating is CRISIL A1 with a Stable outlook. Total borrowings as of March 31, 2025, stood at INR 1,100.87 Cr (INR 185.08 Cr long-term and INR 915.79 Cr short-term). Finance costs were INR 74.20 Cr, implying an effective interest rate of approximately 6.74%.

⚙️ Operational Drivers

Raw Materials

Cotton is the primary raw material, with total material consumption costs of INR 2,222.28 Cr, representing 66.96% of total income in FY25.

Import Sources

Not specifically disclosed, though the company is subject to seasonal domestic cotton procurement cycles in India.

Capacity Expansion

Modernization of plants was undertaken during FY22 to FY24 to remove production bottlenecks. Revenue growth in FY25 was driven by higher volume sales resulting from this increased capacity.

Raw Material Costs

Raw material costs increased by 3.83% YoY to INR 2,222.28 Cr. Procurement strategy involves maintaining higher inventory levels until November to mitigate seasonal price fluctuations.

Manufacturing Efficiency

Operating efficiency is described as modest due to a high-power-expense product mix and export-oriented focus. Capacity utilization is expected to rise following recent modernization.

Logistics & Distribution

Susceptible to significant volatility in shipping costs due to the high volume of overseas sales (49% of revenue).

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

Growth is targeted through higher volume sales from recently expanded capacities, efficiency-improvement measures to remove bottlenecks, and a focus on the knitted garments segment. The company also relies on financial flexibility from group entity Nahar Capital, which holds INR 1,632 Cr in investment assets.

Products & Services

Cotton yarn and knitted garments.

Brand Portfolio

Nahar Spinning Mills.

New Products/Services

Not specifically disclosed, though focus remains on increasing the share of value-added knitted garments.

Market Expansion

Targeting overseas markets which already account for nearly 50% of revenue, despite geopolitical headwinds.

Market Share & Ranking

The company holds a strong position in the Indian cotton yarn and knitted garments segments, though specific market share % is not provided.

Strategic Alliances

The company receives need-based financial support from group company Nahar Capital and Financial Services Ltd.

🌍 External Factors

Industry Trends

The industry is seeing a gradual recovery in operating performance with a shift toward stable raw material prices. Operating margins in the sector are recovering from decadal lows seen in FY24.

Competitive Landscape

Competes with other large-scale Indian spinning and garmenting players; efficiency is currently lower than some peers due to higher power costs.

Competitive Moat

Moat is based on large-scale operations, moderate integration in the textile value chain, and strong financial flexibility provided by the Nahar Group's investment arm.

Macro Economic Sensitivity

Highly sensitive to global demand for textiles and domestic cotton crop yields. Interest coverage ratio improved to 1.22 in FY25 from 0.90 in FY24.

Consumer Behavior

Demand is driven by global apparel consumption trends and shifts in international sourcing preferences (e.g., 'China Plus One').

Geopolitical Risks

The Bangladesh crisis impacted performance in late 2024/early 2025. Potential US tariffs pose a risk to the 8-10% garment export segment.

⚖️ Regulatory & Governance

Industry Regulations

Operations must comply with Section 135 (CSR) and Section 143 (Internal Financial Controls) of the Companies Act, 2013. The company is also subject to international trade regulations and potential tariffs.

Environmental Compliance

CSR expenditure was INR 5.24 Cr in FY25, down from INR 5.87 Cr in FY24.

Taxation Policy Impact

Deferred tax liability increased to INR 30.03 Cr in FY25 from INR 19.66 Cr in FY24. Effective tax expense for FY25 was INR 8.78 Cr.

Legal Contingencies

The company has disclosed the impact of pending litigations in its financial statements, though specific case values were not detailed in the provided summaries.