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Nahar Spinning Mills Limited (NAHARSPING) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹9.4B

NS Nahar Spinning Mills Limited NAHARSPING · NSE
Price₹296.70
Fair Value₹114.36
Upside-61.5%
Quality57/100
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Mixed Growth
Thin margins · 0.7% net margin
Low debt · generates free cash flow
0.38% dividend yield
Mixed vs. peers (6/14)
Narrow moat 20/100
Evidence: High Range ₹99.82 – ₹148.66 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Share price +7.2% over the past month.

A solid business, but screening 61% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹148.66). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹663.71 ₹91.92 Fair Value ₹114.36 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹91.92 – ₹663.71 · fair‑value band ₹99.82 – ₹148.66 · the ₹296.70 price screens above the ₹114.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Nahar Spinning Mills Limited (NAHARSPING) currently trades at ₹296.70, while our model-based Fair Value estimate is ₹114.36, implying the stock looks roughly 61.5% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Nahar Spinning Mills Limited generated revenue of ₹32.2B at a net margin of 0.7%. Revenue grew 6.2% year over year. It earns a return on equity of 1.5%. Net debt stands at ₹9.8B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹99.82 (bear case) to ₹148.66 (bull case); at ₹296.70, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 99% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -7% fair-value upside, at -61%, NAHARSPING screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹278.47 ₹419.78 ₹610.99 80
Residual Income ₹284.81 ₹263.59 ₹194.38 76
Rev-Margin DCF ₹168.06 ₹269.22 ₹384.56 74
All 26 models by family
DCF Models
FCF DCF ₹272.81 ₹431.24 ₹658.40 38
Owner Earnings ₹72.69 ₹133.09 ₹219.68 31
5Y Revenue Exit ₹168.06 ₹265.27 ₹384.67 39
5Y EBITDA Exit ₹288.08 ₹486.34 ₹713.46 41
5Y P/E Exit ₹123.79 ₹183.74 ₹243.19 38
10Y Revenue Exit ₹199.93 ₹295.54 ₹415.61 36
10Y EBITDA Exit ₹279.06 ₹444.34 ₹657.42 37
10Y P/E Exit ₹177.28 ₹240.66 ₹311.55 35
Earnings-Based
Graham-Dodd ₹41.14 ₹118.43 ₹156.23 54
Lynch FV ₹24.39 ₹34.85 ₹45.30 50
PEG = 1.0 ₹24.39 ₹34.85 ₹45.30 46
EPV ₹99.47 ₹123.16 ₹143.60 59
Dividend Discount
Gordon GGM ₹8.78 ₹17.50 ₹26.50 70
DDM Multi-Stage ₹8.78 ₹13.80 ₹18.47 61
Multiples
P/E Multiple ₹99.82 ₹133.10 ₹166.37 63
P/S Multiple ₹77.14 ₹102.85 ₹128.56 58
P/B Multiple ₹77.14 ₹102.85 ₹128.56 55
EV/EBIT ₹197.01 ₹279.54 ₹362.08 53
EV/EBITDA ₹342.43 ₹473.44 ₹604.45 54
EV/Revenue ₹116.31 ₹187.84 ₹259.37 43
Asset-Based
NCAV (Graham) ₹209.64 ₹280.91 ₹419.27 50
Growth DCF
Growth DCF ₹278.47 ₹419.78 ₹610.99 80
Rev-Margin DCF ₹168.06 ₹269.22 ₹384.56 74
Economic Profit
Residual Income ₹284.81 ₹263.59 ₹194.38 76
ROIC Compounder ₹99.47 ₹123.16 ₹143.60 72
Growth Earnings
Growth-Adj P/E ₹80.05 ₹114.36 ₹148.66 68

Widest divergence: Asset-Based (₹280.91) versus Dividend Discount (₹13.80). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹32.2B
Revenue growth (YoY) +6.2%
Net margin 0.7%
Return on equity 1.5%
Free cash flow ₹1.1B FY2026
P/E ratio 42.9
More key figures
Operating margin 4.5%
EPS (TTM) ₹6.92
Dividend yield 0.4%
EPS growth (YoY) +15.9%
Net debt ₹9.8B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 81

Profitability 34
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Nahar Spinning Mills Limited manufactures and sells yarns and garments in India. It offers woollen, woollen blended, cotton, polyester cotton, other blended, compact, mercerized gassed, organic cotton, etc.

Full company description

Nahar Spinning Mills Limited manufactures and sells yarns and garments in India. It offers woollen, woollen blended, cotton, polyester cotton, other blended, compact, mercerized gassed, organic cotton, etc. yarns; cotton/ blended knitted hosiery pullovers, T shirts, baby suites, ladies tops, winter thermals, tracksuits, jackets, hoodies etc.; woollen pullovers, cardigans, shirts, coats, baby suites, mufflers, shawls, blankets, knitting wool, etc .; and woven fabric for shirts, trousers, denims etc. The company also provides financial services; polyfilms; textiles; and sugar and other products. Nahar Spinning Mills Limited was incorporated in 1980 and is based in Ludhiana, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Nahar Spinning Mills Limited reported revenue of ₹32.2B in FY2026 versus ₹34.8B in FY2022, a compound −2.0%/yr. Reported net income was ₹218M in FY2026, compounding −54.3%/yr from FY2022.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹32.2B
Latest YoY
−2.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.0%
Avg. growth/yr (19Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.9%
Revenue −2.0%/yr
FY22 ₹34.8B
FY23 ₹27.4B
FY24 ₹29.5B
FY25 ₹32.8B
FY26 ₹32.2B
Net income −54.3%/yr
FY22 ₹5.0B
FY23 ₹1.1B
FY24 −₹511M
FY25 ₹124M
FY26 ₹218M
Character of growth · EPS growth decomposed (2015-2026) −7.6 % p.a.
Revenue per share +5.4 pp

of which total revenue +4.7 pp · buybacks/dilution +0.7 pp

EBIT margin −9.0 pp
Tax rate +0.1 pp
Residual (interest, one-offs) −4.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

NAHARSPING screens 61% overvalued. Compare with Shenzhou International Group →

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Cite: Fair Value Calculator (2026). "Nahar Spinning Mills Limited Fair Value". https://www.fairvalue-calculator.com/stock/NAHARSPING

Peer Group

Textile Manufacturing · 317 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 57 · Above median
Fair Value upside −62% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 6% · Above median
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 42.9× · Pricier than median
P/B 0.62× · Cheaper than 75% of peers
P/S (TTM) 0.29× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 7.2× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 8
FUTURE 31 · sector 0
PAST 6 · sector 15
HEALTH 94 · sector 95
DIVIDEND 8 · sector 35

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$42.10 HK$68.24 +62%
Tongkun Group 601233 ¥22.67 ¥14.53 -36%
Inner Mongolia ERDOS Resources Co 600295 ¥12.79 ¥14.35 +12%
Far Eastern New Century Corporation 1402 27.55 TWD 25.64 TWD -7%
K.P.R. Mill Limited KPRMILL ₹1,089 ₹467.49 -57%
HMT (Xiamen) New Technical Materials Co 603306 ¥71.55 ¥11.85 -83%
Vardhman Textiles Limited VTL ₹591.90 ₹437.53 -26%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 324.31 TRY +86%
Ruentex Industries Ltd 2915 54.10 TWD 133.24 TWD +146%
Welspun Living Limited WELSPUNLIV ₹165.23 ₹47.77 -71%

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Frequently asked questions

Is Nahar Spinning Mills Limited (NAHARSPING) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹114.36 versus a price of ₹296.70, about −61% (overvalued).
What is the fair value of NAHARSPING?
Our model-based fair value for Nahar Spinning Mills Limited is ₹114.36 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹296.70.
What is the quality score of NAHARSPING?
Nahar Spinning Mills Limited has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Nahar Spinning Mills Limited (NAHARSPING)?
Nahar Spinning Mills Limited reported trailing-twelve-month revenue of about ₹32.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of NAHARSPING?
The net profit margin of Nahar Spinning Mills Limited is about 0.7%, meaning it keeps roughly 0.7% of revenue as net income. Based on the latest reported figures.
Does Nahar Spinning Mills Limited pay a dividend?
Nahar Spinning Mills Limited currently shows a dividend yield of about 0.38% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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