Q2 NP ZOOMS _1400%_
H1 NP ZOOMS _700%_

_Nahar Industrial Enterprises Ltd_

Has reported HIGHEST ever NP in Q2 30.21cr vs 2.02cr. H1 NP 49.95cr vs 6.43cr

*A) *Tdg @ 4.15xFY17Eeps and 3.75xFY18Eeps*

*B)Tdg @ 2.45xFY17ECEps and 2.36xFY18ECashEps*

C) *H1 NP rose BY 700% YoY*

*D) Mktcap 395cr vs expected Cash Profit of 328 cr in FY17,18*

*E)Book Value Rs 165*

FINANCIAL:

                 Q2:FY17. FY16
                   Rs/Cr.    Rs/Cr
Sales.        432.        387
PAT.         *30.21.     2.15*
Equity.        39.84
*Eps           7.59.       0.51*

PROSPECTS:

                      FY17.  FY18

Sales.        1875.    1950.  

Dep                   66.    62

NP.                   95.    105

Cash Profit.   161.  167

*EPS.         23.85.  26.35*

Cash EPs.  40.42.    41.92

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.        13
KPR.                23
Nahar Spg.     10
*NIEL.            4.15*

Despite being amongst the biggest textile co, NIEL is cheapest textile stock

Even if NIEL gets modest PERatio of 10, stock should be Rs 250