Nahar Spinning Mills Shows Strong Profit Growth Amid Technical Outlook Shift

Nahar Spinning Mills, a small-cap player in the Garments & Apparels industry, has recently undergone an evaluation adjustment that reflects a shift in its technical outlook. The stock's technical indicators have shown a transition, with the MACD signaling bullish momentum on a weekly basis, while the Bollinger Bands also indicate a bullish trend for both weekly and monthly periods.
The company's performance metrics reveal a noteworthy operating profit growth of 69.38% for the quarter ending March 2025, contributing to a robust annual growth rate of 41.64%. Additionally, Nahar Spinning Mills reported its highest net sales at Rs 875.60 crore, alongside a PBDIT of Rs 66.23 crore. The company's return on capital employed stands at 2.6, suggesting an attractive valuation relative to its capital structure.

Despite facing challenges such as a high Debt to EBITDA ratio of 6.13 times and a modest annual net sales growth rate of 9.50% over the past five years, the stock's long-term performance has been notable, particularly with a five-year return of 688.30%.

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