You are here » Home » Companies » Company Overview » Nahar Polyfilms Ltd

Nahar Polyfilms Ltd.

BSE: 523391 Sector: Industrials
NSE: NAHARPOLY ISIN Code: INE308A01027
BSE 15:40 | 17 Jan 74.50 2.15
(2.97%)
OPEN

71.90

HIGH

76.25

LOW

69.00

NSE 15:44 | 17 Jan 74.95 2.50
(3.45%)
OPEN

72.85

HIGH

76.50

LOW

68.10

OPEN 71.90
PREVIOUS CLOSE 72.35
VOLUME 29042
52-Week high 83.80
52-Week low 49.00
P/E 33.71
Mkt Cap.(Rs cr) 183
Buy Price 0.00
Buy Qty 0.00
Sell Price 74.30
Sell Qty 100.00
OPEN 71.90
CLOSE 72.35
VOLUME 29042
52-Week high 83.80
52-Week low 49.00
P/E 33.71
Mkt Cap.(Rs cr) 183
Buy Price 0.00
Buy Qty 0.00
Sell Price 74.30
Sell Qty 100.00

Nahar Polyfilms Ltd. (NAHARPOLY) - Company History

Incorporated as a public limited company in Nov.'88, Nahar Exports was promoted by the Oswals and their associates. To begin with, the company started manufacturing and exporting cotton hosiery garments and knitwear. To integrate backward, the company set up a spinning unit (inst. cap. : 25,000 spindles) which was completed in Aug.'92. By Nov.'94, its spindleage increased to 40,128. It set up a new spinning unit (inst.cap.: 25,000 spindles). To part-finance the project, the company came out with a rights issue in Sep.'94. Cotton yarn and synthetic yarn manufactured by the company is mainly used as a raw material in the manufacturing of hosiery, textiles, woollen garments, furnishing fabrics, etc. The major users of the company's products are the knitting industry, the handloom sector and the weaving industry. The company has an obligation to export part of its production against import of capital equipments. The company exports to the UK, Switzerland, Germany, Australia, Taiwan, Hong Kong, etc. The efforts made by the company to achieve its goal is evident from the rapid improvement in its export performance. In 1994-95, the company was awarded the ISO 9002 certification by the Bureau of Indian Standards. During 1995-96, the installation of new spinning unit of 25000 spindles is in progress. In 1998-99, it installed 24,960 spindles at it 100% EOU at Village Lehli-Lalru, Patiala Dist, Punjab and has replaced 7,056 spindles as a part of its modernisation plan. The company has implemented a modernisation & upgradation scheme for both its Spinning units at Village Jitwal Kalan & Rishab Spinning Mills. The total capital outlay for the scheme is Rs.19.00 crores and is being part financed by way of loan of Rs.15.00 crores and rest by internal accruals. Besides it has decided to install 2 Gen sets with a capacity of 3 MW at cost of Rs.13.00 crores. The installation of the Gen sets is expected in the second quarter of the 2003-04.