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Nahar Spinning Mills Limited (NAHARSPING)

₹252.80 +1.14% last close, 16 Oct

📊 NSE: NAHARSPING 🏢 Textiles - Cotton/Blended 📢 Latest filing: 25 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Nahar Spinning's revenue was ₹917 Cr (+4.7% year on year, +30.5% on the previous quarter), and net profit ₹23.0 Cr (+2.6% year on year); the operating margin was 6.4%.

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹917	+4.7%	+30.5%
Operating profit	₹59.0	-9.1%	+305.0%
Net profit	₹23.0	+2.6%	from loss
EPS (₹)	6.49	+10.4%	from loss
Operating margin	6.4%	—	—

Full quarterly financials → Results calendar →

NAHARSPING delivery percentage

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

On Fri, 16 Oct 2026, 75.54% of the NAHARSPING shares traded on NSE were taken to delivery, against the stock's own 20-session average of 66.51%. That is close to its usual level. Turnover was only ₹16 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal.

75.54%Delivery, 16 Oct

66.51%Own 20-session average

0.2×Volume vs its average

₹252.80NSE close · +1.14%

Delivery in the last 5 sessions: 76.5% · 65.2% · 54.5% · 51.8% · 75.5%

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 Spinning Amends MOA to Enter Solar Energy Business Following Shareholder Approval

🟡 NEUTRAL ⭐ 4/10

OTHER 📅 25 Sep 2026, 05:05 PM

Shareholders of Nahar Spinning Mills approved an amendment to the company's Memorandum of Association (MOA) via a special resolution passed on September 25, 2026. The alteration inserts three new clauses (8, 9, and 10) enabling the company to generate, distribute, and trade solar energy for captive consumption and commercial supply. The company, which generated ₹3,218 Cr in TTM revenue with an operating profit margin of 4.9%, faces high-power-expense product mix pressures. While this enables green energy projects and power cost rationalization, no specific capex or capacity additions were disclosed in this filing.

Shareholder approval granted on September 25, 2026, at 10:00 a.m. via special resolution
Inserted 3 new main object clauses (Clause 8, 9, and 10) into the existing MOA
Scope includes generation, distribution, and trade of solar energy for captive use or external sale
Specific capex size, capacity targets, and funding details were not disclosed

💡 Track subsequent exchange filings for any formal board approvals or announcements regarding specific solar capex outlays, project timelines, or capacity targets.

Nahar Spinning Reports Dematerialisation of 1,433 Shares in August 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 03 Sep 2026, 05:14 PM

Nahar Spinning Mills Limited has submitted its monthly certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for August 2026. During the month, 1,433 equity shares were dematerialized and physical certificates were cancelled. Total equity shares held in dematerialized form across NSDL and CDSL stand at 35,674,886. This is a routine regulatory disclosure with zero financial or operational impact.

1,433 equity shares were dematerialized during the month of August 2026
Total dematerialized shares across NSDL and CDSL stand at 35,674,886 shares
Physical share certificates corresponding to the demat requests have been cancelled

💡 No action required. Investors should track operational performance metrics such as quarterly yarn margins and capacity utilization in upcoming quarterly results.

Nahar Spinning Dispatches FY26 Annual Report Link Notice; 46th AGM on Sept 25, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 02 Sep 2026, 04:26 PM

Nahar Spinning Mills Limited informed exchanges that it has dispatched communication under Regulation 36(1)(b) of SEBI LODR to shareholders whose email addresses are not registered. The letter contains web-links to access the complete FY2025-26 Annual Report and the 46th AGM Notice. The 46th Annual General Meeting is scheduled to be held virtually on Friday, September 25, 2026, at 10:00 AM IST. The cutoff date for dispatching the AGM notice was August 21, 2026.

46th Annual General Meeting scheduled for September 25, 2026 at 10:00 AM IST via VC/OAVM
Cut-off date for dispatch of Notice of AGM and Annual Report was August 21, 2026
Dispatched weblink letters to shareholders without registered email addresses per SEBI LODR Regulation 36(1)(b)

💡 Shareholders wishing to attend the AGM or access the FY26 Annual Report can use the provided company weblinks and update their email IDs with the RTA (Alankit Assignments Ltd) or their respective DPs.

CRISIL Reaffirms 'CRISIL A/Stable' and 'A1' Ratings for Rs 1,508.40 Cr Bank Facilities

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Aug 2026, 11:02 AM

Nahar Spinning Mills Limited received an intimation from CRISIL on August 26, 2026, reaffirming its credit ratings across its debt facilities. The company's total bank loan facilities of Rs 1,508.40 crore retained a 'CRISIL A/Stable' rating for long-term facilities and 'CRISIL A1' for short-term facilities. Additionally, the credit rating for its Rs 23.5 crore commercial paper program was reaffirmed at 'CRISIL A1'. The reaffirmation indicates sustained creditworthiness and steady liquidity support.

CRISIL reaffirmed long-term bank loan rating at 'CRISIL A/Stable'.
Short-term bank loan rating reaffirmed at 'CRISIL A1'.
Total bank loan facilities assessed stand at Rs 1,508.40 crore.
Commercial paper rating of Rs 23.5 crore reaffirmed at 'CRISIL A1'.

💡 Monitor upcoming quarterly operational performance and cotton price trends to assess margin stability and debt-servicing capability.

Nahar Spinning Mills Calls 46th AGM on Sept 25, 2026; Proposes Rs 1 Dividend & MD Re-appointment

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Aug 2026, 03:39 PM

Nahar Spinning Mills has issued the notice for its 46th Annual General Meeting scheduled for September 25, 2026, via Video Conferencing. Key ordinary business includes the declaration of a Rs 1.00 per share dividend (face value Rs 5) for FY26. Special resolutions include the re-appointment of Managing Director Mr. Dinesh Oswal for a 5-year term from January 1, 2027, to December 31, 2031, with a monthly salary scale of Rs 95 Lakhs to Rs 1.15 Crore plus 2% net profit commission, and the continuation of directorship for Mr. Satish Kumar Sharma past age 75.

46th Annual General Meeting scheduled for September 25, 2026 at 10:00 AM via VC/OAVM
Proposed dividend declaration of Rs 1.00 per equity share of Rs 5 face value for FY26
Re-appointment of Mr. Dinesh Oswal as Managing Director for 5 years (Jan 1, 2027 to Dec 31, 2031)
MD remuneration proposed at monthly salary scale of Rs 95,00,000 to Rs 1,15,00,000 plus 2% commission on net profit
Ratification of Cost Auditor remuneration of Rs 2.20 Lakhs for FY 2026-27

💡 Track the e-voting outcomes post-AGM on September 25, 2026, along with the record date announcement for the FY26 dividend distribution.

Nahar Spinning Mills Issues AGM Notice for Sept 25, 2026; Proposes Re-appointment of MD

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Aug 2026, 03:18 PM

Nahar Spinning Mills Limited has issued the notice for its 46th Annual General Meeting scheduled for September 25, 2026, via Video Conferencing. Key agenda items include the declaration of a dividend of Rs. 1.00 per equity share of face value Rs. 5 for FY26. The company is also seeking shareholder approval for the re-appointment of Mr. Dinesh Oswal as Managing Director for a 5-year tenure starting January 1, 2027, on a monthly salary scale of Rs. 95 Lakhs to Rs. 1.15 Crores plus 2% net profit commission. Other business includes ratifying cost auditor remuneration of Rs. 2.20 Lakhs and director re-appointments.

46th Annual General Meeting scheduled to be held on September 25, 2026
Recommendation of dividend of Rs. 1.00 per equity share (face value Rs. 5) for FY26
Proposed re-appointment of Mr. Dinesh Oswal as MD for 5 years from Jan 1, 2027 to Dec 31, 2031
Proposed MD monthly salary scale of Rs. 95,00,000 to Rs. 1,15,00,000 plus 2% net profit commission
Ratification of cost auditor remuneration of Rs. 2.20 Lakhs for FY 2026-27

💡 Track shareholder voting results post-AGM on September 25, 2026, and watch for record date notifications regarding the Rs. 1.00 dividend payout.

Nahar Spinning Re-appoints MD Dinesh Oswal for 5-Year Term Starting Jan 2027

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 05 Aug 2026, 04:35 PM

Nahar Spinning Mills has proposed the re-appointment of Mr. Dinesh Oswal as Managing Director for a five-year term effective January 1, 2027. Additionally, two Independent Directors, Dr. Yash Paul Sachdeva and Dr. Anchal Kumar Jain, have been proposed for second five-year terms starting August 24, 2027. These appointments ensure leadership continuity for the company, which maintains a TTM revenue of Rs 3,218 Cr and a market cap of Rs 1,012 Cr. All re-appointments are subject to shareholder approval at the upcoming Annual General Meeting.

Mr. Dinesh Oswal re-appointed as Managing Director for a 5-year term from January 1, 2027, to December 31, 2031
Two Independent Directors re-appointed for second 5-year terms starting August 24, 2027
MD Mr. Dinesh Oswal brings over 41 years of business experience in the textile industry
The company reported TTM revenue of Rs 3,218 Cr and a PAT of Rs 21 Cr for FY26
Promoter holding remains stable at 67.96% as of March 2026

💡 Investors should monitor the upcoming Annual General Meeting (AGM) for the formal shareholder approval of these leadership extensions.

Rs 1.00 Dividend: Nahar Spinning Mills Sets September 4, 2026, as Record Date

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 05 Aug 2026, 04:31 PM

Nahar Spinning Mills has fixed September 4, 2026, as the record date for a final dividend of Rs 1.00 per equity share for the financial year ended March 31, 2026. This dividend represents a 20% payout on the face value of Rs 5.00. Based on the current market price of Rs 328.9, the dividend yield is approximately 0.3%. The company has also scheduled its 46th Annual General Meeting with e-voting set for late September 2026.

Dividend of Rs 1.00 per equity share of face value Rs 5.00 announced for FY26.
Record date for determining dividend eligibility is fixed as September 4, 2026.
Book closure period scheduled from September 5, 2026, to September 9, 2026.
Cut-off date for AGM e-voting eligibility is September 18, 2026.
Remote e-voting period to run from September 22 (9:00 AM) to September 24, 2026 (5:00 PM).

💡 Investors seeking the dividend should ensure they hold the shares before the ex-dividend date (typically one business day prior to the record date). Monitor the AGM outcome for final approval of the payout.

338% YoY PAT Surge to ₹69.88 Cr in Q1 FY27; MD Re-appointed for 5 Years

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 05 Aug 2026, 04:21 PM

Nahar Spinning Mills reported a robust Q1 FY27 with revenue growing 17.9% YoY to ₹966.10 Cr. Net profit witnessed a massive surge to ₹69.88 Cr from ₹15.96 Cr in the year-ago period, significantly exceeding the entire FY26 annual profit of ₹21.40 Cr. The Board has re-appointed Mr. Dinesh Oswal as Managing Director for a five-year term and fixed September 4, 2026, as the record date for the FY26 dividend.

Net Profit surged 337.8% YoY to ₹69.88 Cr in Q1 FY27 from ₹15.96 Cr in Q1 FY26
Revenue from operations increased 17.9% YoY to ₹966.10 Cr
Quarterly EPS jumped to ₹19.38 from ₹4.43 in the corresponding quarter last year
Managing Director Dinesh Oswal re-appointed for a 5-year term starting January 1, 2027
Record date for FY26 dividend payment fixed as September 4, 2026

💡 Investors should monitor the sustainability of these margins in upcoming quarters to determine if the profit surge is a structural shift or a cyclical peak driven by cotton price spreads. Watch for management commentary during the AGM on September 25, 2026.

2,333 Equity Shares Dematerialized in July 2026; Total Demat Holding at 3.56 Crore Shares

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Aug 2026, 04:15 PM

Nahar Spinning Mills Limited has submitted its monthly dematerialization report for July 2026, as required under SEBI Regulation 74(5). During the month, 2,333 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 3,56,73,453. This is a standard administrative filing with no impact on the company's operational or financial performance.

A total of 2,333 equity shares were dematerialized during the month of July 2026.
Total dematerialized holding reached 3,56,73,453 equity shares as of the end of July 2026.
The filing is a routine compliance under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

💡 This is a routine regulatory update; investors should focus on upcoming quarterly results to assess the impact of cotton price volatility on margins.

June 2026 Quarter: Nahar Spinning Mills Submits SEBI Demat Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jul 2026, 04:43 PM

Nahar Spinning Mills Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Alankit Assignments Ltd., confirms that physical share certificates received for dematerialization during the quarter ended June 30, 2026, have been processed. The Registrar and Share Transfer Agent (RTA) verified that the shares are listed on stock exchanges and that physical certificates were mutilated and cancelled. This is a standard procedural filing required by SEBI to ensure the integrity of electronic shareholding records.

Compliance certificate issued for the quarter ended June 30, 2026
Certificate received from Registrar and Share Transfer Agent, Alankit Assignments Ltd., dated July 6, 2026
Confirmation that physical certificates were mutilated and cancelled after due verification
Verification that the securities comprised in the certificates are listed on the Stock Exchanges

💡 This is a routine administrative filing. Investors should focus on the company's upcoming quarterly financial results for insights into operational performance.

730 Equity Shares Dematerialized in June 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Jul 2026, 03:28 PM

Nahar Spinning Mills has filed its monthly dematerialization report for June 2026 as per SEBI regulations. A total of 730 equity shares were converted from physical to electronic form during the month. The total number of shares held in dematerialized form across NSDL and CDSL now stands at 35,671,120. This is a routine administrative filing with no impact on the company's financial performance or operations.

730 equity shares were dematerialized during the month of June 2026
Total dematerialized holding stands at 35,671,120 equity shares as of July 2, 2026
Compliance filing submitted under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018

💡 No action required as this is a routine administrative update. Investors should focus on upcoming quarterly results to assess margin recovery in the textile segment.

Nahar Spinning Mills to Close Trading Window from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Jun 2026, 11:53 AM

Nahar Spinning Mills Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's quarterly earnings release. The closure pertains to the un-audited financial results for the quarter ending June 30, 2026. The trading window will remain closed until 48 hours after the financial results are officially declared to the stock exchanges.

Trading window closure effective from July 1, 2026, for promoters and designated persons.
Closure is mandated for the review of un-audited financial results for the quarter ended June 30, 2026.
The window will reopen 48 hours after the official announcement of the quarterly results.
Compliance follows SEBI (Prohibition of Insider Trading) Regulations, 2015.

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

Nahar Spinning Mandates KYC and PAN Updates for Physical Shareholders

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 18 Jun 2026, 03:09 PM

Nahar Spinning Mills Limited has issued a mandatory notice to shareholders holding physical shares to update their PAN, KYC, and nomination details in compliance with SEBI's Master Circular dated May 07, 2024. Shareholders who fail to update these details will be ineligible to receive dividends or lodge grievances with the Registrar and Share Transfer Agent (RTA). The company is also participating in the 'SAKSHAM NIVESHAK' campaign from April 1, 2026, to July 9, 2026, to prevent the transfer of unclaimed dividends to the IEPF. Furthermore, the company emphasized that all future service requests will only be processed in dematerialized form.

Mandatory submission of PAN, KYC, and Nomination details for physical shareholders per SEBI circular dated May 07, 2024.
Non-compliant shareholders will be ineligible for dividend payments and RTA service requests until details are furnished.
The 'SAKSHAM NIVESHAK' campaign is active from April 1, 2026, to July 9, 2026, to assist in KYC updates.
All future corporate actions and service requests like transmissions or duplicate certificates will be issued in dematerialized form only.
Shareholders are requested to submit forms ISR-1, ISR-2, and SH-13 to the RTA, Alankit Assignments Limited.

💡 Shareholders holding physical share certificates should immediately submit the required KYC and nomination forms to the RTA to ensure they continue receiving dividends. It is strongly advised to dematerialize physical shares to ensure ease of liquidity and compliance with SEBI's latest mandates.

Nahar Spinning Mills Dematerializes 1,400 Equity Shares in May 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Jun 2026, 05:43 PM

Nahar Spinning Mills Limited has released its monthly dematerialization report for May 2026, in compliance with SEBI Regulations. During the month, 1,400 equity shares were converted from physical to electronic form. As of June 2, 2026, the total number of shares held in dematerialized form across NSDL and CDSL stands at 35,670,390. This is a standard administrative update confirming the cancellation of physical certificates and the update of depository records.

A total of 1,400 equity shares were dematerialized during the month of May 2026.
Total dematerialized holdings through NSDL and CDSL reached 35,670,390 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 involved in the process have been cancelled and substituted with the name of the Depository as the registered owner.

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

View All NAHARSPING Announcements on Live Market Tracking →

💰 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.