Nahar Industrial Enterprises financials and balance sheet

NSE: NAHARINDUSBSE: 519136Textiles & ApparelsSmall Cap

₹115.72₹4.02 (3.36%)BSE ₹114.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹119.74.

52-week range of traded prices to 23 Oct 2026

₹83.05Low, 30 Mar 2026₹154.00High, 25 Aug 2026

Market cap: ₹500 Cr1,895th largest listed
P/E: 6.9
P/B: 0.5
Dividend yield: Nonein the last 12 months
ROE: 7.1%
ROCE: 1.3%
Debt to equity: 0.65
Volume, NSE: 13,40670.4% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Nahar Industrial Enterprises annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

Peak revenue ₹2,006 Cr, year to Mar 2022A loss in 3 of the 10 years shown

Operating and net margin, per cent

Operating margin
Net margin

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue1,408
Materials and goods−816
Employee costs−187
Other expenses−345
Operating profit61
Depreciation−50
Other income+100
One-off items−0.8
Finance costs−43
Profit before tax66
Tax−15
Joint ventures+0.8
Net profit51

What the company owns

Plant, investments and other assets₹1,219 Cr
Inventory₹464 Cr
Receivables₹173 Cr
Cash and bank₹30 Cr
Current investments₹15 Cr

What pays for it: net worth and liabilities

Net worth₹1,043 Cr
Borrowings₹682 Cr
Other liabilities₹113 Cr
Owed to suppliers₹62 Cr

Nahar Industrial Enterprises business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them.Nahar Industrial Enterprises segment results by quarter

Revenue by segment

₹1,407 CrTotal

Textile₹1,190 Cr84.6% of total
Sugar₹216 Cr15.4% of total
Others₹1 Cr0.1% of total

Profit by segment

Textile₹23.0 Cr21.0% of total
Sugar₹36.2 Cr33.0% of total
Others₹50.5 Cr46.0% of total

Segment results by year

Consolidated from the year to Mar 2020, standalone before, ₹ crore, years to March.

Textile
Revenue, ₹ crore
1,721
1,379
1,207
1,865
1,563
1,263
1,326
1,190
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
60
10
31
259
130
5
27
23
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Sugar
Revenue, ₹ crore
145
181
194
124
206
207
203
216
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
−1
28
17
12
14
24
28
36
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Others
Revenue, ₹ crore
1
0
1
0
0
0
0
1
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
−3
−6
−3
1
−4
13
16
50
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	1,867	1,561	1,402	1,989	1,769	1,470	1,530	1,407
Company revenue, as in its results	1,866	1,573	1,418	2,006	1,774	1,472	1,530	1,408
Revenue	1,721	1,379	1,207	1,865	1,563	1,263	1,326	1,190
Revenue growth	–	–	−12.5%	54.5%	−16.2%	−19.2%	5.0%	−10.3%
Profit	60	10	31	259	130	5	27	23
Profit growth	–	–	198.3%	747.5%	−49.6%	−96.5%	493.5%	−16.0%
Margin	3.5%	0.7%	2.5%	13.9%	8.3%	0.4%	2.1%	1.9%
Return on capital	7.4%	1.5%	4.7%	34.8%	17.2%	0.7%	3.7%	3.0%
Assets	1,407	1,250	1,201	1,420	979	1,088	1,158	1,126
Liabilities	592	550	546	677	223	430	427	362
Capital employed	815	699	655	743	756	658	732	764
Revenue	145	181	194	124	206	207	203	216
Revenue growth	–	–	7.0%	−36.2%	66.2%	0.5%	−1.5%	6.3%
Profit	−1	28	17	12	14	24	28	36
Profit growth	–	–	−38.1%	−32.9%	20.8%	73.6%	17.8%	27.5%
Margin	−0.6%	15.3%	8.8%	9.3%	6.8%	11.7%	14.0%	16.8%
Return on capital	−2.2%	45.4%	30.5%	15.7%	13.0%	47.5%	55.6%	56.6%
Assets	184	196	157	188	162	160	164	135
Liabilities	143	135	100	114	55	109	113	71
Capital employed	41	61	56	73	107	51	51	64
Revenue	1	0	1	0	0	0	0	1
Profit	−3	−6	−3	1	−4	13	16	50
Margin	−235.8%	−2,306.8%	−509.1%	274.5%	−3,598.0%	4,028.3%	50,912.9%	6,753.0%
Assets	0	0	0	0	0	0	0	0
Liabilities	0	0	0	0	0	0	0	0
Capital employed	0	0	0	0	0	0	0	0

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.Nahar Industrial Enterprises quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019	Mar 2020Filed 4 Jul	Mar 2021Filed 1 Jun	Mar 2022Filed 21 May	Mar 2023Filed 31 May	Mar 2024Filed 6 Aug	Mar 2025Filed 16 Jun	Mar 2026Filed 30 May
Revenue from operations	1,732	1,763	1,879	1,573	1,418	2,006	1,774	1,472	1,530	1,408
	1,522	1,615	1,744	1,482	1,324	1,701	1,629	1,415	1,459	1,348
Materials and goods bought	930	1,021	1,094	901	858	1,056	1,052	858	862	816
Employee costs	–	–	–	177	130	163	166	167	182	187
Other expenses	–	–	–	404	336	483	411	390	415	345
Operating profit before depreciation	209	148	135	91	94	305	145	57	72	61
Operating margin	12.1%	8.4%	7.2%	5.8%	6.6%	15.2%	8.2%	3.8%	4.7%	4.3%
Materials, % of revenue	–	–	–	57.3%	60.5%	52.6%	59.3%	58.3%	56.3%	57.9%
Employee costs, % of revenue	–	–	–	11.2%	9.2%	8.1%	9.3%	11.3%	11.9%	13.2%
Other expenses, % of revenue	–	–	–	25.7%	23.7%	24.0%	23.2%	26.5%	27.1%	24.5%
Depreciation and amortisation	69	66	79	71	58	50	48	46	48	50
Operating profit after depreciation	140	82	56	20	36	255	97	11	24	10
Other income	6	6	0	12	8	16	43	31	48	100
Finance costs	60	71	67	65	57	56	38	29	46	43
Profit before one-off items and tax	86	18	−11	−32	−13	216	102	13	26	67
One-off items	0	0	−7	0	0	0	−1	−2	−2	−1
Profit before tax	86	18	−18	−32	−13	216	101	12	24	66
	16	1	4	−8	−4	59	22	2	6	15
Current tax	–	–	–	−8	−4	59	22	2	6	15
Share of profit of joint ventures and associates	–	–	0	0	1	0	–	0	0	1
Net profit	69	18	−22	−25	−9	157	79	10	18	51
Other comprehensive income	–	–	–	2	1	−3	1	1	1	1
Total comprehensive income	–	–	–	−22	−8	154	80	11	20	53
Net margin	4.0%	1.0%	−1.2%	−1.6%	−0.6%	7.8%	4.5%	0.7%	1.2%	3.6%
Net margin without joint ventures and associates	–	–	−1.1%	−1.6%	−0.7%	7.8%	–	0.6%	1.2%	3.6%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017, Mar 2018 and Mar 2019 they do not, so they are left blank.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2020Filed 4 Jul	Mar 2021Filed 1 Jun	Mar 2022Filed 21 May	Mar 2023Filed 31 May	Mar 2024Filed 6 Aug	Mar 2025Filed 16 Jun	Mar 2026Filed 30 May
	743	743	897	960	971	990	1,043
Share capital	40	40	40	43	43	43	43
Reserves	703	703	857	916	927	947	1,000
	642	647	704	277	532	622	682
Repayable after a year	144	129	80	60	94	197	317
Repayable within a year	498	518	624	217	438	425	364
	755	700	827	313	561	565	483
Trade payables	147	92	156	53	81	87	62
Other financial liabilities	90	80	32	31	32	37	40
Other liabilities	20	10	15	10	8	13	15
Provisions	0	1	1	2	2	2	2
	153	134	104	88	127	238	374
Other financial liabilities	2	2	2	3	–	9	13
Other liabilities	1	1	1	1	2	3	4
Provisions	2	0	0	0	1	2	2
Deferred tax	5	2	21	25	24	27	37
Trade payables	0	0	–	–	5	0	0
	1,651	1,578	1,829	1,361	1,658	1,793	1,900
Held for sale or for a demerger	–	–	6	–	–	1	7
	685	647	646	667	774	907	999
Plant in use, after depreciation	526	488	467	460	468	509	510
Plant being built	17	12	5	34	56	42	66
Property held to earn rent	36	46	62	73	131	237	294
Investments	91	91	94	77	97	97	98
Loans given	14	11	0	0	0	0	0
Other financial assets	0	0	12	24	0	22	31
Trade receivables	0	0	–	0	19	0	0
Other assets	0	0	6	0	2	0	–
	967	930	1,176	694	883	884	895
Inventories	594	514	733	427	564	545	464
Trade receivables	204	198	277	164	160	190	173
Cash and cash equivalents	1	0	1	1	4	1	21
Other bank balances	2	1	5	3	4	7	9
Current investments	0	0	0	6	25	15	15
Loans given	1	1	1	1	9	8	27
Other financial assets	30	26	22	0	0	116	183
Tax paid in advance	3	4	3	0	1	3	3
Other assets	134	187	135	93	117	0	–
Net debt	639	646	699	267	500	599	637

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 1 Jun	Mar 2022Filed 21 May	Mar 2023Filed 31 May	Mar 2024Filed 6 Aug	Mar 2025Filed 16 Jun	Mar 2026Filed 30 May
	75	85	504	−72	78	69
	81	135	524	−55	82	69
	−19	−185	373	−125	9	6
Receivables	−39	−37	173	−19	−32	−60
Inventories	80	−219	307	−138	19	81
Payables	−59	71	−107	32	23	−15
Tax paid	−1	−38	15	4	−4	0
Interest paid	0	0	−38	−29	0	0
Capital spending	31	0	0	0	172	0
Free cash flow	44	85	504	−72	−95	69
	−15	−33	−55	−152	−126	−64
Plant and property sold	9	−43	−48	−132	0	−91
Interest received	1	1	2	7	6	6
Dividends received	0	0	0	0	0	0
	−60	−51	−449	227	45	15
Borrowings raised	−34	−47	−30	20	104	138
Borrowings repaid	0	0	−382	234	−15	−79
Interest paid	−56	−54	−36	−28	−43	−44
Dividends paid	0	0	0	0	0	0
Shares bought back	0	0	0	0	0	0
Shares issued	10	0	0	0	0	0
Net change in cash	0	0	0	3	−3	20

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Nahar Industrial Enterprises dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019	Mar 2020Filed 4 Jul	Mar 2021Filed 1 Jun	Mar 2022Filed 21 May	Mar 2023Filed 31 May	Mar 2024Filed 6 Aug	Mar 2025Filed 16 Jun	Mar 2026Filed 30 May
Earnings per share	₹17.33	₹4.46	−₹5.45	−₹6.20	−₹2.20	₹39.41	₹19.80	₹2.25	₹4.28	₹11.88
Diluted earnings per share	₹17.33	₹4.46	−₹5.45	−₹6.20	−₹2.20	₹39.41	₹19.80	₹2.25	₹4.28	₹11.88
Dividend per share	₹1.00	–	–	–	–	–	–	–	–	–
Book value per share	–	–	–	₹186.50	₹186.46	₹225.20	₹222.13	₹224.63	₹229.21	₹241.40
Dividend payout	5.8%	–	–	–	–	–	–	–	–	–
Shareholder yield	–	–	–	–	−5.6%	0.0%	0.0%	0.0%	0.1%	0.0%
Market cap at the year end (₹ crore)	451	288	169	71	176	656	361	490	386	364

Ratios

Consolidated, years to March.Nahar Industrial Enterprises PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2020Filed 4 Jul	Mar 2021Filed 1 Jun	Mar 2022Filed 21 May	Mar 2023Filed 31 May	Mar 2024Filed 6 Aug	Mar 2025Filed 16 Jun	Mar 2026Filed 30 May
Revenue growth	−2.5%	1.8%	6.6%	−16.3%	−9.8%	41.5%	−11.6%	−17.0%	4.0%	−7.9%
Operating profit growth	–	−29.3%	−9.0%	−32.5%	2.8%	226.3%	−52.5%	−60.9%	26.4%	−15.4%
Net profit growth	75.7%	−74.3%	–	–	–	–	−49.5%	−87.7%	90.0%	177.7%
Earnings per share growth	–	−74.3%	–	–	–	–	−49.8%	−88.6%	90.2%	177.6%
	–	–	–	−3.3%	−1.2%	19.1%	8.5%	1.0%	1.9%	5.1%
	–	–	–	–	2.1 pts	20.3 pts	−10.6 pts	−7.5 pts	0.9 pts	3.2 pts
From the net margin	–	–	–	–	2.0 pts	16.1 pts	−8.2 pts	−7.3 pts	0.8 pts	3.8 pts
From asset turnover	–	–	–	–	0.1 pts	5.1 pts	−0.6 pts	−0.2 pts	−0.2 pts	−0.8 pts
From borrowing	–	–	–	–	0.0 pts	−0.9 pts	−1.8 pts	−0.1 pts	0.2 pts	0.2 pts
Return on capital employed	–	–	–	1.4%	2.6%	15.9%	7.8%	0.7%	1.5%	0.6%
Cash conversion	–	–	–	–	–	53.9%	635.2%	−735.5%	420.0%	134.1%
Interest cover	2.3	1.2	0.8	0.3	0.6	4.6	2.6	0.4	0.5	0.2
Debt to equity	–	–	–	0.86	0.87	0.78	0.29	0.55	0.63	0.65
Receivable days	–	–	–	47	51	50	34	40	45	45
Inventory days	–	–	–	241	219	254	148	240	231	207
Payable days	–	–	–	60	39	54	18	35	37	28
Cash conversion cycle, days	–	–	–	228	231	250	163	245	239	225
Working capital days	–	–	–	164	192	176	121	181	172	189
Asset turnover	–	–	–	0.95	0.88	1.18	1.11	0.98	0.89	0.76
Assets per rupee of net worth	–	–	–	2.22	2.17	2.08	1.72	1.56	1.76	1.82
Sales per rupee of plant	–	–	–	2.99	2.91	4.29	3.85	3.14	3.01	2.76
Capital spending to depreciation	–	–	–	–	0.53	0.00	0.00	0.00	3.62	0.00
Plant being built, % of plant in use	–	–	–	3.3%	2.4%	1.1%	7.3%	12.1%	8.3%	13.0%

No balance sheet is on record for the years to Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 2.8%
Cash from operations against operating profit: 113.7%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	−2.3%	−0.1%	−7.4%
Profit growth, yearly rate	2.7%	–	−13.5%
Return on equity, average	–	7.1%	2.6%
Return on capital employed, average	–	5.3%	0.9%
Operating margin, average	7.6%	7.2%	4.3%
Net margin, average	1.9%	3.6%	1.8%
Asset turnover, average	–	0.98	0.87
Cash conversion cycle, days, average	–	225	236
Interest cover, average	1.4	1.7	0.4
Debt to equity, average	–	0.58	0.61

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	663	75	69
Cash from investing	−430	−342	−64
Cash from financing	−213	287	15
Capital spending	172	172	0
Dividends paid	1	0	0
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	–	263	138
Borrowings repaid	711	329	79

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	–	8	5	4	6	6
Altman Z-scorePublished threshold 1.81	–	–	–	1.81	1.92	2.89	3.50	2.41	2.22	2.18
Beneish M-scorePublished threshold −1.78	–	–	–	–	−2.65	−1.94	−3.73	−2.31	−2.36	−2.46
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−4.24	6.18	−23.16	15.48	3.84	2.52
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	2.92	2.10	4.74	0.94
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	–	7.08	−1.65	−29.29	14.94	14.41	−0.76
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	–	−8.67	19.56	−41.49	50.69	−3.79	−9.62
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	–	3.54	−2.81	−3.77	1.70	−0.01	4.85
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	–	0.60	0.17	0.81	1.05	0.48	1.27
Effective tax ratePublished threshold 17.16 per cent	18.35	4.81	–	–	–	27.33	21.59	17.76	23.51	23.24
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	9.47	6.28	−19.00	5.72	23.24

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
10 Sep 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil A-No Rating Change	Stable	480
10 Sep 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesShort-term scale	Crisil A2+No Rating Change		19

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.