About Nahar Spinning Mills Limited

Nahar Spinning Mills Limited is a public limited company incorporated in 1980 and converted to a public company in 1983. It is engaged in the manufacture of cotton yarn/blended yarn and hosiery knitwears, with its registered office at 373, Industrial Area ‘A’, Ludhiana, Punjab. Its shares are listed on recognised Indian stock exchanges. The Company operates under the single industry head “Textiles,” manufacturing yarns and garments and participating in export markets. Raw cotton is the primary input and accounts for around 60% of total cost, and the Company does not deal in commodity markets for hedging/speculation. The Company exports and is focused on expanding in quality-conscious markets of the U.S. and the European Union under its ongoing modernisation plan.

Key Milestones of Nahar Spinning Mills Limited

• Incorporated in 1980; became public in 1983; shares listed on Indian stock exchanges.
• Modernisation programme announced for spinning units, alongside an 11 M.W. solar PV system for captive use, targeted for completion by FY 2027-28, to support entry into and growth across the U.S. and EU markets.
• Rooftop solar capacity expanded by 5.81 M.W. during 2024-25, raising total solar capacity from 8.66 M.W. to 14.47 M.W.; the Company plans to add 11.00 M.W. more, taking total to 25.47 M.W.
• Workforce strength stood at 10,497 permanent employees as on March 31, 2025.
• Process automation supported by SAP S4 HANA across key internal controls and reporting processes.

Nahar Spinning Mills Limited Business Verticals and Geographical Presence 

The company manufactures yarns and garments under the Textiles head. Exports form part of its business, with a focus on quality-conscious markets in the U.S. and EU. Raw cotton is the primary input, accounting for around 60% of total cost. The company does not engage in commodity market hedging or speculation.

Nahar Spinning Mills Limited Business Segment

The company operates under a single business segment: Textiles. It manufactures and sells cotton yarn/blended yarn and hosiery knitwears, with exports as an integral part of its business strategy. There are no subsidiary companies; the requirement for a policy on material subsidiaries is not applicable as the Company does not have any subsidiary companies.

Nahar Spinning Mills Limited Key Management

• Jawahar Lal Oswal – Chairman
• Dinesh Oswal – Managing Director
• Anil Garg – Chief Financial Officer
• Brij Sharma – Company Secretary

Latest Updates on Nahar Spinning Mills Limited

• Expansion and modernisation: Announced capital programme to modernise spinning units and install an 11 M.W. solar PV system for captive consumption by FY 2027-28 to enhance quality and export growth in the U.S. and EU.
• Renewable energy build-out: Rooftop solar capacity expanded by 5.81 M.W. in FY 2024-25, with plans for a further 11.00 M.W. addition, targeting a total of 25.47 M.W.
• Operating discipline: Improvements in key ratios in FY 2024-25—interest coverage ratio 1.22, net profit margin 0.38%, return on capital employed 0.03, return on equity 0.01, trade payable turnover 81.55.
• Governance and systems: Operates in a single segment (Textiles), strengthening controls with SAP S4 HANA.
• Listing and liquidity: Equity shares are listed on BSE and NSE; 98.70% of equity share capital dematerialised as of March 31, 2025.
• Regulatory matter: Penalty of Rs. 5 crore by Directorate General of GST Intelligence appealed before Commissioner (Appeals), case pending.