Nahar Capital and Financial Services Limited is a Non-Banking Finance Company (NBFC) engaged in investment and financial activities. The company was incorporated on 31st March 2006, as a Public Limited Company, initially hived off from Nahar Spinning Mills Limited. It is registered as a Systematically Important Non-Deposit Taking Non-Banking Financial Company.
The company operates through two main business segments that form the core of its operations: 'Investment/Financial Activities' and the 'Real Estate' segment.
#### Investment and Financial Services
This segment encompasses long-term strategic investments and short-term trading investments. The company invests in equity and debt securities in both primary and secondary markets, directly or through Mutual Funds, Portfolio Management Services, and Alternative Investment Funds. Its activities include investing in shares, debentures, stocks, bonds, and securities of various kinds. Additionally, the company engages in lending activities, primarily to Group Companies and Affiliates.
#### Real Estate Operations
The real estate business involves the purchase and sale of residential and/or commercial land, dealing in real estate, development of land, and construction of buildings for commercial and residential purposes, as well as leasing or acquisition of real estate assets. The company diversified into this business through a Joint Venture in Chennai in 2011-12, focusing on trading and development. This segment represents a strategic expansion to diversify revenue streams beyond traditional financial services.
On a consolidated basis, Nahar Capital & Financial Services Ltd reported a profit of ₹14.32 crore on a total income of ₹21.75 crore for the quarter ended 2024. For the full year ended September 2024, the company posted a profit of ₹10.43 crore on a total income of ₹18.87 crore.
The company demonstrated strong performance in Q1 FY2025. Net profit was reported at ₹11.68 crore for the quarter ended June 2024, a significant improvement from a net loss of ₹2.16 crore in the previous quarter ended June 2023. Sales also rose by 12.10% to ₹6.58 crore in Q1 FY2025 compared to ₹5.87 crore in the same period the previous year.
• Q1 FY2025 Performance: Net Profit of ₹11.68 crore, Sales of ₹6.58 crore
• Full Year FY2024 Performance: Profit of ₹10.43 crore, Total Income of ₹18.87 crore
• Market Capitalization: ₹491 crore (as of January 2025)
• 52-week High: ₹384.15
• 52-week Low: ₹263.85
• PE Ratio: 19.13 (as of November 2024)
• PB Ratio: 0.36 (as of November 2024)
• Face Value: ₹5.00 per share
The stock is listed on both NSE and BSE exchanges with the symbol NAHARCAP.
The share price has shown mixed performance:
• Last 1 month: Down by 8.24% on BSE
• Last 3 months: Down by 7.50%
• Last 12 months: Down by 2.77%
The key management includes Jawahar Lal Oswal as Chairman. The company secretary is also part of the management team. The board comprises several independent directors who provide governance oversight to the company's operations and strategic direction.
Promoter holding in Nahar Capital & Financial Services Ltd has increased to 71.65% as of December 2024, up from 71.54% as of March 2024. This indicates strong promoter confidence in the company's future prospects and a stable ownership structure.
The company's registered office is located at 375 Industrial Area A, Ludhiana, Punjab, 141003. The auditor for Nahar Capital & Financial Services Ltd is Gupta Vigg & Co.
The Company is actively exploring new activities within the financial services sector, such as financial consultancy, merchant banking, underwriting business, and stock broking, demonstrating its commitment to expanding its service portfolio.
