Review

NAHAR POLY FILMS

Ticker : 523391
FV: Rs 5
52-Week H/L: Rs 319.75/ 71.45

We recommended Nahar Poly Films in volume no. 38, issue no. 04 (dated November 15, 2021) when the scrip was trading at Rs 269.90. Nahar Poly Films is involved in the business of manufacturing BOPP films. Analysing the consolidated quarterly results, the company recorded a robust increase of 36.22 per cent in the net sales and operating income, which stood at Rs 104.37 crore for Q2FY22 as compared to the net sales & operating income of Rs 76.62 crore reported for Q2FY21. The operating profit for the quarter was recorded at Rs 24.05 crore in Q2FY22 as compared to the operating loss of Rs 16.23 crore posted in Q2FY21. The company reported a net profit of Rs 17.87 crore in Q1FY22 versus Rs 12.41 crore recorded in Q2FY21, a rise of 43.94 per cent. The company looks at an optimistic future for its products and the overall packaging industry in FY22. Hence, we recommend investor readers to HOLD the stock.