NAHARPOLY
Nahar Poly financials
- Market cap
- ₹570 Cr
- Sector
- Capital Goods
What Nahar Poly does
Nahar Poly Films Limited manufactures Biaxially Oriented Polypropylene (BOPP) films, which are used in flexible packaging and sold in both domestic and international markets. The company operates in a single reportable business segment (BOPP films). It is expanding production by installing a third BOPP line at its plant in Village Simrai, Mandideep, Distt. Raisen, Madhya Pradesh, to be financed through term loan and internal accruals.
Segments
- BOPP Films
- Manufacturing plant
- Village Simrai, Mandideep, Distt. Raisen (Madhya Pradesh)
- Existing installed BOPP capacity
- ~60,000 MT/annum (two production lines)
- Capacity of third line under installation
- 36,000 MT/annum (same Madhya Pradesh site)
- Total capacity on completion of expansion (targeted FY2027-28)
- 96,000 MT/annum
- Reportable business segments
- 1 (BOPP Films)
- Market reach
- Domestic sales plus exports to international markets
Quarterly results
Q1 FY27: revenue down 18.8%, net profit down 33.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 169 | 173 | 157 | 197 | 172 +2% | 167 −3% | 168 +7% | 160 −19% |
| EBITDA | 23 | 15 | 23 | 28 | 28 +22% | 20 +33% | 31 +35% | 15 −46% |
| Net profit | 17 | 8 | 14 | 18 | 21 +24% | 19 +138% | 20 +43% | 12 −33% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −20.0% 1Y
1Y: ₹289.85 on 10 Sept 2025 → ₹231.87. High ₹314.7 (8 Oct 2025), low ₹203.33 (30 Mar 2026).
Financials, as filed
Revenue fell 0.9% a year over 3 years, FY23 to FY26. Operating margin widened to 15.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹723 Cr | ₹600 Cr | ₹667 Cr | ₹704 Cr |
| Operating profit | ₹82 Cr | ₹21 Cr | ₹76 Cr | ₹107 Cr |
| Operating margin | 11.3% | 3.5% | 11.4% | 15.2% |
| Interest | ₹12 Cr | ₹12 Cr | ₹10 Cr | ₹8 Cr |
| Depreciation | ₹32 Cr | ₹32 Cr | ₹32 Cr | ₹32 Cr |
| Net profit | ₹42 Cr | ₹6 Cr | ₹47 Cr | ₹78 Cr |
| Net margin | 5.8% | 1.0% | 7.0% | 11.1% |
| Cash from operations | ₹110 Cr | ₹17 Cr | ₹57 Cr | ₹50 Cr |
| Free cash flow | ₹103 Cr | ₹16 Cr | ₹51 Cr | ₹26 Cr |
| ROCE | 5.0% | 0.0% | 6.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr |
| Reserves | ₹513 Cr | ₹900 Cr | ₹767 Cr | ₹786 Cr | ₹840 Cr | ₹854 Cr |
| Borrowings | ₹58 Cr | ₹173 Cr | ₹163 Cr | ₹126 Cr | ₹96 Cr | ₹79 Cr |
| Other liabilities | ₹69 Cr | ₹58 Cr | ₹36 Cr | ₹34 Cr | ₹60 Cr | ₹54 Cr |
| Total liabilities | ₹653 Cr | ₹1.1k Cr | ₹979 Cr | ₹959 Cr | ₹1.0k Cr | ₹1.0k Cr |
| Fixed assets | ₹28 Cr | ₹293 Cr | ₹269 Cr | ₹237 Cr | ₹194 Cr | ₹180 Cr |
| Capital work in progress | ₹172 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹10 Cr | ₹22 Cr |
| Investments | ₹366 Cr | ₹715 Cr | ₹568 Cr | ₹623 Cr | ₹640 Cr | ₹611 Cr |
| Other assets | ₹87 Cr | ₹135 Cr | ₹142 Cr | ₹98 Cr | ₹165 Cr | ₹186 Cr |
| Total assets | ₹653 Cr | ₹1.1k Cr | ₹979 Cr | ₹959 Cr | ₹1.0k Cr | ₹1.0k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +0.27 pp while DIIs trimmed −0.26 pp. The shareholder count shrank 7% to 19,210.
- Promoters
- 72.5%
- FIIs
- 0.0%
- DIIs
- 0.0%
- Public
- 27.5%
Since Jun 2025
- Promoters +0.27 pp
- DIIs −0.26 pp
- Public +0.09 pp
How it drifted, 12 quarters
Over this window promoters went from 71.0% to 72.5% — +1.5 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 71.0%, FIIs 0.1%, DIIs 0.0%, Public 28.9%.Dec '23: Promoters 71.1%, FIIs 0.1%, DIIs 0.0%, Public 28.8%.Mar '24: Promoters 71.5%, FIIs 0.1%, DIIs 0.0%, Public 28.4%.Jun '24: Promoters 71.9%, FIIs 0.1%, DIIs 0.0%, Public 28.0%.Sep '24: Promoters 71.9%, FIIs 0.0%, DIIs 0.0%, Public 28.1%.Dec '24: Promoters 71.9%, FIIs 0.1%, DIIs 0.0%, Public 28.0%.Mar '25: Promoters 72.2%, FIIs 0.0%, DIIs 0.0%, Public 27.8%.Jun '25: Promoters 72.2%, FIIs 0.1%, DIIs 0.3%, Public 27.4%.Sep '25: Promoters 72.3%, FIIs 0.1%, DIIs 0.0%, Public 27.6%.Dec '25: Promoters 72.3%, FIIs 0.0%, DIIs 0.0%, Public 27.7%.Mar '26: Promoters 72.5%, FIIs 0.0%, DIIs 0.0%, Public 27.4%.Jun '26: Promoters 72.5%, FIIs 0.0%, DIIs 0.0%, Public 27.5%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Nahar Poly above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Nahar Capital and Financial Services Ltd. | 49.16% | unchanged |
| Nahar Spinning Mills Limited | 18.93% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 3.19% | unchanged |
| Sankheshwar Holding Co. Ltd. | 3.19% | unchanged |
| Sangeetha S . | 2.40% | unchanged |
| Anil Kumar Goel | 1.17% | unchanged |
| Dinesh Oswal | 0.60% | unchanged |
| Closettrunk Private Limited | 0.25% | unchanged |
| Sambhav Oswal | 0.15% | unchanged |
| Kamal Oswal | 0.13% | unchanged |
| Jawahar Lal Oswal | 0.09% | unchanged |
| Rishabh Oswal | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Nahar Poly
Guides on how to read this kind of business and the numbers that matter.