Dolly Khanna’s latest pick Nahar Industrial Enterprises

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Pee Vee
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Dolly Khanna’s latest pick Nahar Industrial Enterprises

Post by Pee Vee » Mon Apr 17, 2017 6:10 pm

Dolly Khanna’s latest pick is Nahar Industrial Enterprises, a small textile firm. Dolly Khanna has bought 1.05 per cent stake in the company during the January-March quarter.

Dolly Khanna's holding is 416,460 shares (or 1.05 per cent stake) in the company.

Why Dolly Khanna bought Nahar Industrial Enterprises is because it is a vertically-integrated textile manufacturer, with operations ranging from spinning, weaving & processing and also having sugar unit with 2500 TCD per day. NIEL is evolution of amalgamation of different group companies with it.

Financials: For the quarter ended December 31, 2016, the company reported a net profit of Rs 15.22 crore, up 4.32 per cent from Rs 14.59 crore reported for the corresponding quarter last year. NIEL posted a net profit of Rs 39.30 crore in FY16 against a net loss of Rs 27.78 crore a year ago. However, net sales declined 1.05 per cent to Rs 1,763 crore from Rs 1,782 crore.

Ratios: As of March 31, 2016, the company had a debt-to-equity ratio (D/E) of 1.59 per cent with return on capital employed (RoCE) of 8.48 per cent. The company had D/E ratio of 1.68 and RoCE at 4.45 a year ago.

There is scope for growth in the textile industry, as India’s share in the global trade in textiles is weak, compared with other countries. The free trade environment is a good opportunity for Indian textile industry to increase its share in the global market. In the mid-long term, the Indian textile industry is expected to grow very strongly with growth being balanced from both domestic consumption as well as exports demand. So, Nahar Industrial Enterprises should do well in Dolly Khanna's portfolio.

http://economictimes.indiatimes.com/mar ... 217867.cms

sankastock
Posts: 3
Joined: Mon May 14, 2018 5:51 am

Re: Dolly Khanna’s latest pick Nahar Industrial Enterprises

Post by sankastock » Mon May 14, 2018 1:31 pm

Hello Sir,

Can we buy Nahar industrial enterprise at the CMP 70.5 ?
Already i bought 240 shares at 103 Rs.

Kind Regards,
Sankaran,

valuepicker
Posts: 135
Joined: Mon Jan 09, 2017 8:44 am

Re: Dolly Khanna’s latest pick Nahar Industrial Enterprises

Post by valuepicker » Sun May 20, 2018 8:05 am

Small caps are under pressure due to low sentiments. This is the best time to average your picks as Nahar will rally once the sentiments improve. You will not get Nahar at such a low valuation again.

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