Amongst Largest Textile Co but Most Undervalued:

_Nahar Industrial Enterprises Ltd_

*A) *Tdg @ 5.20xFY17Eeps and 4.55xFY18Eeps*

*B)Tdg @ 2.83xFY17ECEps and 2.70xFY18ECashEps*

C) *Q1 NP rose BY 400% YoY*

*D) Mktcap 450cr vs expected Cash Profit of 324 cr in FY17,18*

*E)Book Value Rs 155*

FINANCIAL:

                 Q1:FY17. FY16
                   Rs/Cr.    Rs/Cr
Sales.        470.        432
Dep.             17.        23.70
PAT.           19.74.      3.91
Equity.        39.84
*Eps              4.95.     0.98*

PROSPECTS:

                      FY17.  FY18

Sales.           1950.   2075

Dep                    72.       68

NP.                    86.        98

Cash Profit.     158.      166

*EPS.             21.60. 24.60*

Cash EPs.    39.65.   41.70

About NIEL:

271000 spindles
7832 Rotors
53MW power plant
2500 TCD sugar
112 million mtr  Fabric mfg capacity
Huge yarn dyeing: 13 TPD
Spread over 7 plants

Peer Comparison:

                    PERatio

Sangam.        15
KPR.                26
Nahar Spg.     11
*NIEL.             5.20*

Big scope for PERatio expansion

TP Rs 350 in 18 months