Nahar Spinning Mills Ltd. (NAHARSPING) Share Price Rises 8.54% Today

Nahar Spinning Mills Ltd. Share Price rises 8.54% to Rs 307.05, marking a significant gain in the small-cap category.

Nahar Spinning Mills Ltd. Share Price has made a notable move today, rising by 8.54% to reach Rs 307.05. This increase comes on the back of a previous close of Rs 282.9, positioning the company within the small-cap category with a market capitalisation of Rs 1,020.29 crore. While the data confirms the price event, it does not establish a company-specific catalyst for this rise. Investors and market watchers are likely to be interested in the factors driving this movement and what it means for the company's future prospects.

Nahar Spinning Mills Ltd. (NAHARSPING) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 307.05
Previous Close	Rs 282.9
Today's Change	+Rs 24.15 (+8.54%)
Day Open	Rs 276
Day High	Rs 311
Day Low	Rs 276
Current Volume (BSE)	8,137
BSE Traded Volume	8,137
NSE Traded Volume	1,29,460
Combined NSE + BSE Volume	1,37,597
Turnover	Rs 0.25 crore
Market Capitalisation	Rs 1,020.29 crore
Market Cap Category	Small Cap

Nahar Spinning Mills Ltd. (NAHARSPING) traded at Rs 307.05. versus the previous close of Rs 282.9, a rise of 8.54%. The stock opened at Rs 276, reached Rs 311, touched Rs 276. Reported volume was 8,137.

Nahar Spinning Mills Ltd. (NAHARSPING) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 1,020.29 crore
P/E Ratio	46.77x
P/B Ratio	0.67x
ROE	4.82%
ROCE	6.62%
EPS	Rs 6.05
Dividend Yield	0.35%

Nahar Spinning Mills Ltd. was valued at a P/E ratio of 46.77x, a P/B ratio of 0.67x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.

Profitability and capital efficiency were represented by ROE of 4.82% and ROCE of 6.62%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.

Per-share and shareholder-return metrics included EPS of Rs 6.05, dividend yield of 0.35%. Dividend yield is a current or historical ratio and does not guarantee future distributions.

Nahar Spinning Mills Ltd. operates within the textile sector, specifically in the textile-spinning industry. The company's market capitalisation stands at Rs 1,020.29 crore. With a P/E ratio of 46.77, the stock is trading at a premium compared to the industry median of 17.43, but closer to the average of 40.14. The P/B ratio is 0.67, slightly above the industry median of 0.66, indicating a fair valuation relative to its book value. The company's ROE is 4.82%, above the industry median of 1.28%, and its ROCE is 6.62%, slightly below the industry median of 7.08%. The EPS is Rs 6.05, and the dividend yield is 0.35%, reflecting a modest return to shareholders. These fundamentals provide a mixed context for investor interest, with valuation metrics suggesting both strengths and challenges.

Sector and Industry Context

Metric	Value
Sector	Textile
Industry	Textile – Spinning
Benchmark Scope	same industry
Company P/E Ratio	46.77x
Benchmark Median P/E	17.43x
Benchmark Average P/E	40.14x
Benchmark P/E Range	1.45x to 329.65x
Company P/B Ratio	0.67x
Benchmark Median P/B	0.66x
Company ROE	4.82%
Benchmark Median ROE	1.28%
Company ROCE	6.62%
Benchmark Median ROCE	7.08%
Company Market Capitalisation	Rs 1,020.29 crore
Benchmark Median Market Cap	Rs 44.83 crore

Nahar Spinning Mills Ltd. (NAHARSPING) is classified under sector: Textile and industry: Textile – Spinning.

Nahar Spinning Mills Ltd. (NAHARSPING) has a P/E ratio of 46.77x, which is above the benchmark median of 17.43x, a difference of +168.33%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.

Nahar Spinning Mills Ltd. (NAHARSPING) has a ROE of 4.82%, which is above the benchmark median of 1.28%, a difference of +276.56%. Nahar Spinning Mills Ltd. (NAHARSPING) has a ROCE of 6.62%, which is below the benchmark median of 7.08%, a difference of -6.5%.

Track today's top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

Nahar Spinning Mills Ltd. is part of the textile sector, specifically within the textile-spinning industry. The sector snapshot indicates that the company's P/E ratio of 46.77 is above the industry median of 17.43 but aligns more closely with the average of 40.14. The P/B ratio of 0.67 is slightly above the industry median of 0.66, suggesting a fair valuation. The company's ROE of 4.82% is above the industry median of 1.28%, while its ROCE of 6.62% is slightly below the industry median of 7.08%. The sector comprises 74 companies, with a wide range of market capitalisations, from Rs 2.49 crore to Rs 3,061.18 crore. This context highlights the competitive landscape in which Nahar Spinning Mills Ltd. operates, with its valuation metrics indicating both opportunities and challenges within the sector.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
Nitin Spinners Ltd.	NITINSPIN	3,061.18	17.24	2.08	13.03	10.99
Sumeet Industries Ltd.	SUMEETINDS	1,554.16	56.88	4.05	0	-1.66
Pashupati Cotspin Ltd.	PASHUPATI	1,354.43	130.37	8.25	6.3	8.81
GHCL Textiles Ltd.	GHCLTEXTIL	1,083.94	11.27	0.7	-32.82	-32.82
Ambika Cotton Mills Ltd.	AMBIKCO	982.95	13.74	1.03	12.69	17.06

Nahar Spinning Mills Ltd. (NAHARSPING) has a P/E ratio of 46.77x compared with the displayed peer median of 17.24x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of 4.82% compares with a peer median of 6.3% across the companies shown in the table. ROCE stood at 6.62% versus the displayed peer median of 8.81%, providing a capital-efficiency comparison. Nahar Spinning Mills Ltd. (NAHARSPING) has a market capitalisation of Rs 1,020.29 crore. Among the 5 peers shown, 4 have a larger market capitalisation.

In comparison to its peers, Nahar Spinning Mills Ltd. exhibits a higher P/E ratio of 46.77 compared to Nitin Spinners Ltd. at 17.24 and Ambika Cotton Mills Ltd. at 13.74, indicating a relatively higher valuation. The company's ROE of 4.82% is lower than Nitin Spinners Ltd. at 13.03% and Ambika Cotton Mills Ltd. at 12.69%, suggesting room for improvement in profitability. However, its P/B ratio of 0.67 is more favorable compared to Sumeet Industries Ltd. at 4.05 and Pashupati Cotspin Ltd. at 8.25, indicating a more attractive valuation relative to its book value. These comparisons provide insight into the company's position within the industry and highlight areas for potential growth and improvement.

Why Investors Are Watching Nahar Spinning Mills Ltd.

Investors are closely monitoring Nahar Spinning Mills Ltd. due to its recent price rise and market activity.

• Price Action: The share price rose 8.54%, reaching Rs 307.05.
• Technical Position: RSI indicates strong momentum.
• Fundamental Context: Valuation metrics show mixed signals.
• Sector Positioning: Operates in a competitive textile-spinning industry.

Investors should continue to monitor the company's financial performance, market trends, and sector developments to make informed decisions.

About Nahar Spinning Mills Ltd.

Nahar Spinning Mills Ltd. is a prominent player in the textile sector, focusing on the textile-spinning industry. The company engages in the production and sale of yarn, fabrics, and garments, catering to both domestic and international markets. With a diverse product portfolio, Nahar Spinning Mills Ltd. has established itself as a key player in the industry. The company's operations are supported by a robust manufacturing infrastructure and a commitment to quality, enabling it to meet the evolving demands of the textile market. As part of the textile sector, the company faces competition from both domestic and international players, necessitating continuous innovation and efficiency improvements to maintain its market position.

Track Nahar Spinning Mills Ltd. Share Price on Univest

Use Nahar Spinning Mills Ltd. (NAHARSPING) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top gainers lists and related market analysis.

Investors can track the live share price of Nahar Spinning Mills Ltd. on Univest, along with technical indicators, fundamental ratios, shareholding patterns, 52-week levels, and market insights. Univest provides comprehensive tools and data to help investors make informed decisions and stay updated on market trends.

Frequently Asked Questions

What is the current share price of Nahar Spinning Mills Ltd.?

Ans. The current share price of Nahar Spinning Mills Ltd. is Rs 307.05, reflecting an 8.54% increase from the previous close of Rs 282.9. The stock moved 8.54% during the session.

How much did Nahar Spinning Mills Ltd. share price rise today?

Ans. Nahar Spinning Mills Ltd. share price rose by 8.54% today, reaching Rs 307.05 from the previous close of Rs 282.9. The stock moved 8.54% during the session. The intraday range extended from Rs 276 to Rs 311.

What is the market capitalisation of Nahar Spinning Mills Ltd.?

Ans. The market capitalisation of Nahar Spinning Mills Ltd. is Rs 1,020.29 crore, placing it in the small-cap category. The company operates in the Textile sector. Its P/E ratio is 46.77x.

What is the P/E ratio of Nahar Spinning Mills Ltd.?

Ans. The P/E ratio of Nahar Spinning Mills Ltd. is 46.77, which is above the industry median of 17.43. The company trades at a P/E ratio of 46.77x. Its P/B ratio is 0.67x.

How does Nahar Spinning Mills Ltd. compare to its peers?

Ans. Nahar Spinning Mills Ltd. has a higher P/E ratio compared to peers like Nitin Spinners Ltd. and Ambika Cotton Mills Ltd., indicating a higher valuation. Comparable listed companies include Nitin Spinners Ltd., Sumeet Industries Ltd., Pashupati Cotspin Ltd.

What is the ROE of Nahar Spinning Mills Ltd.?

Ans. The ROE of Nahar Spinning Mills Ltd. is 4.82%, which is above the industry median of 1.28%. ROE stands at 4.82%. ROCE stands at 6.62%. The relevant peer median ROE is 1.28%.

What is the P/B ratio of Nahar Spinning Mills Ltd.?

Ans. The P/B ratio of Nahar Spinning Mills Ltd. is 0.67, slightly above the industry median of 0.66. The company trades at a P/E ratio of 46.77x. Its P/B ratio is 0.67x.