NAHARPOLYIndustrials

Nahar Poly Films Limited

Packaging · ISIN INE308A01027 · BSE 523391 · NSE EQ · FV ₹5
Last price
₹237
+0.76%today
What this company does

Nahar Poly Films Limited operates in Packaging, part of the Industrials sector. It booked ₹259 cr of revenue in its latest quarter (Q2 FY27) and kept 12.7% of sales as profit.

In the report:
73out of 100
Equitytale Health Score
Solid

Healthier than 73% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 125–284 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
59

At close. Not part of the score.

Profitability & returns66

How much profit it earns on the money it employs

Balance sheet75

How much it owes, and whether earnings cover the interest

Cash quality62

Whether reported profit actually arrives as cash

Growth & consistency59

Whether sales and profit have grown, and how steadily

Valuation92

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 50% vs last year
✓ Profit up 58% vs last year
✓ Promoters hold 73%
✓ No promoter shares pledged
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in NAHARPOLY?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹237▲ +0.76%
latest close · 2026-11-04
1-year return
-3.3%
52-wk low ₹20152-wk high ₹598
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio4.4Low
LowAverageHigh
P/B ratio0.61Below book
Below bookModerateHigh
EV / EBITDA3.8Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.7%Fair
WeakFairStrong ▸15%
Return on capital13.8%Fair
WeakFairStrong
Net margin12.7%Decent
ThinDecentStrong
EBITDA margin16.9%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.09Comfortable
LowModerateHigh ▸1
Interest cover21.4×Strong
RiskyOkayStrong ▸5×
Current ratio1.71Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹582 cr
Book value
₹389
EPS
₹13.37
latest quarter
Net debt
₹86 cr
owes more than its cash
Enterprise value
₹668 cr
EBITDA
₹175 cr
annualised
EBIT
₹142 cr
annualised
Operating margin
13.7%
Return on assets
11.6%
Earnings yield
22.59%
P/S
0.56
Sales / share
₹421.2
Tax rate
17.7%
Face value
₹5
Shares
2.5 cr
Working capital
₹80 cr
Current assets
₹193 cr
Current liabilities
₹113 cr
Delivery %
72.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹138–₹272, midpoint ₹205

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹259 cr
Other Income₹4 cr
Total Income₹263 cr
Cost of Materials₹179 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹2 cr
Employee Benefit Expense₹9 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹8 cr
Other Expenses₹29 cr
Total Expenses₹229 cr
Profit before Tax₹34 cr
Tax Expense₹6 cr
Share of JV / Associates₹5 cr
Net Profit₹33 cr
Net margin on total income12.5%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹181 cr67.5%
Employee benefit expense₹9 cr3.4%
Finance costs₹2 cr0.6%
Depreciation & amortisation₹8 cr3.1%
Other expenses₹29 cr10.9%
Tax expense₹6 cr2.2%
Profit for the period₹33 cr12.3%
Total income ₹263 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue168 cr160 cr259 cr
Total income171 cr165 cr263 cr
Expenses146 cr154 cr229 cr
Profit before tax25 cr10 cr34 cr
Tax5 cr4 cr6 cr
Net profit (owners' share)20 cr12 cr33 cr
Net margin (owners' share, on revenue)12.2%7.3%12.7%
EPS (₹)8.344.7513.37
YoY (latest quarter): total income +47.9% · net profit +58.2%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹1,138 cr
Shareholder equity
₹957 cr
parent shareholders
Total debt
₹86 cr
Cash
₹34.2 L
Cash flow · H1 FY27
Operating
₹30 cr
Investing
₹-14 cr
Financing
₹-12 cr
Peer comparison
Packaging · by market value
CompanyPriceMarket capP/E
EPL Limited₹225₹7,213 cr18.3
AGI Greenpac Limited₹632₹4,087 cr15.4
UFLEX Limited₹559₹4,035 cr2.4
TCPL Packaging Limited₹4,188₹3,811 cr23.8
Jindal Poly Films Limited₹700₹3,065 cr8.8
Polyplex Corporation Limited₹907₹2,846 cr7.8
Xpro India Limited₹997₹2,339 cr73.7
Knack Packaging Limited₹187₹2,283 cr22.5
COSMO FIRST LIMITED₹767₹2,013 cr5.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.63%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 4 Sep 2026
ActionDetailEx-date
Dividend₹1.5 / share4 Sep 2026
Dividend₹1 / share4 Sep 2025
Dividend₹1 / share6 Sep 2024
Dividend₹1.5 / share8 Sep 2023
Dividend₹2.5 / share11 Aug 2022
Dividend₹1.5 / share16 Sep 2021
Who owns it · 2026-09-30
No pledge
Promoter
72.9%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
27.0%
Promoter stake up 1.9% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtNAHAR SPINNING MILLS LIMITED · Promoter Group11,516 · ₹25.6 L27 Mar 26
BoughtCLOSETTRUNK PRIVATE LIMITED · Promoter Group4,988 · ₹11.8 L16 Mar 26
BoughtCLOSETTRUNK PRIVATE LIMITED · Promoter Group7,094 · ₹16.8 L12 Mar 26
Bulk / block deals
SoldGRAVITON RESEARCH CAPITAL LLP · NSE1.84 L @ ₹305.242 Jul 24
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE1.84 L @ ₹305.062 Jul 24
SoldAJAY SHIV NARAYAN UPADHYAYA · NSE1.35 L @ ₹222.397 Feb 24
Stake changes
BoughtNahar Spinning Mills Ltd · promoter→ 17.28% · 29.95 L10 Sep 19
SoldVardhman Investments Ltd. · promoter→ 0.00% · 9.88 L10 Sep 19
SoldNagdevi Trading & Investment Co Ltd. · promoter→ 0.00% · 7.16 L10 Sep 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Sep 2026
See the official result
1
ADOPTION OF STANDALONE AS WELL AS CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2026
Backed by 100% of shareholders other than promotersneeded 50%
6.28 L votes for, 948 against · 0% of mutual funds and other big investors said no
2
DECLARATION OF DIVIDEND ON EQUITY SHARE CAPITAL
Backed by 100% of shareholders other than promotersneeded 50%
6.28 L votes for, 948 against · 0% of mutual funds and other big investors said no
3
APPOINTMENT OF MR. KAMAL OSWAL (DIN: 00493213) AS A NON-EXECUTIVE DIRECTOR LIABLE TO RETIRE BY ROTATION
Backed by 100% of shareholders other than promotersneeded 50%
6.28 L votes for, 1,548 against · 0% of mutual funds and other big investors said no
4
APPOINTMENT OF MR. DINESH GOGNA (DIN: 00498670) AS A NON-EXECUTIVE DIRECTOR LIABLE TO RETIRE BY ROTATION
Backed by 100% of shareholders other than promotersneeded 50%
6.28 L votes for, 1,548 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 27 named members
owning 72.9% between them · as of 2026-09-30
NAHAR CAPITAL AND FINANCIAL SERVICES LTD49.16%
NAHAR SPINNING MILLS LIMITED19.09%
SANKHESHWAR HOLDING CO. LTD.3.19%
DINESH OSWAL0.60%
CLOSETTRUNK PRIVATE LIMITED0.50%
SAMBHAV OSWAL0.15%
KAMAL OSWAL0.13%
JAWAHAR LAL OSWAL0.09%
Business done with them
FY2026 · 8 of the group
The company paid ₹108 cr to companies in the promoter group last year — about 15.4% of its ₹704 cr revenue and received ₹86 cr back from them.
NAHAR SPINNING MILLS LTD
Transfers Under Finance Agreements To Entity · License Purchased, sale of goods and services, purchase of goods and services, rent paid, interest received, loan given, laon and advances give are repaid
also owns 19.09% of the company
₹55 cr
company paid
NAHAR SPINNING MILLS LTD
Transfers Under Finance Agreements From Entity · License Purchased, sale of goods and services, purchase of goods and services, rent paid, interest received, loan given, laon and advances give are repaid
also owns 19.09% of the company
₹55 cr
company received
Nahar Capital & Financial Services Limited
Transfers Under Finance Agreements From Entity · Inter Corporate Loan
also owns 49.16% of the company
₹26 cr
company received
Nahar Capital & Financial Services Limited
Transfers Under Finance Agreements To Entity · Inter Corporate Loan
also owns 49.16% of the company
₹26 cr
company paid
Mr. Sambhav Oswal
Other payments to them · Remuneration, Commission on Annual Profits for the year ended 31st March, 2024
also owns 0.15% of the company
₹15 cr
company paid
Closettrunk Private Limited
Other payments to them · Commission
also owns 0.50% of the company
₹8 cr
company paid
NAHAR SPINNING MILLS LTD
Settlement Of Liabilities On Behalf Of Entity By Related Party · License Purchased, sale of goods and services, purchase of goods and services, rent paid, interest received, loan given, laon and advances give are repaid
also owns 19.09% of the company
₹6 cr
company received
NAHAR SPINNING MILLS LTD
Bought goods from them · License Purchased, sale of goods and services, purchase of goods and services, rent paid, interest received, loan given, laon and advances give are repaid
also owns 19.09% of the company
₹2 cr
company paid
NAHAR SPINNING MILLS LTD
Other payments to them · License Purchased, sale of goods and services, purchase of goods and services, rent paid, interest received, loan given, laon and advances give are repaid
also owns 19.09% of the company
₹1 cr
company paid
Mr. Dinesh Oswal
Other payments to them · Rent Paid, Sitting Fees
also owns 0.60% of the company
₹39.3 L
company paid
Nahar Capital & Financial Services Limited
Other payments to them · Inter Corporate Loan
also owns 49.16% of the company
₹38.6 L
company paid
Ms. Ritu Oswal
Other payments to them · Remuneration
₹24 L
company paid
NAHAR SPINNING MILLS LTD
Sold goods to them · License Purchased, sale of goods and services, purchase of goods and services, rent paid, interest received, loan given, laon and advances give are repaid
also owns 19.09% of the company
₹8.8 L
company received
NAHAR SPINNING MILLS LTD
Settlement Of Liabilities By Entity On Behalf Of Related Party · License Purchased, sale of goods and services, purchase of goods and services, rent paid, interest received, loan given, laon and advances give are repaid
also owns 19.09% of the company
₹1 L
company paid
Mr. Kamal Oswal
Other payments to them · Sitting Fees
also owns 0.13% of the company
₹0.4 L
company paid
Mr. Jawahar Lal Oswal
Other payments to them · Sitting Fees
also owns 0.09% of the company
₹0.3 L
company paid

The company also transacted with 11 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.