Nahar Capital & Financial Services Ltd. (NAHARCAP) AI Stock Analysis

Nahar Capital & Financial Services Ltd.

(NSE:NAHARCAP)

Select Model

Rating:76Outperform

Price Target:INR 249.00▲(13.00% Upside)

Action:reiterated

Date:08/29/26

The overall score of 76 is driven primarily by a strong equity-rich balance sheet and solid recent revenue and profit growth, supported by an appealingly low P/E valuation, while being held back by historically weak and volatile cash flows and only moderately constructive technical signals rather than a clear bullish trend.

Positive Factors

Conservative balance sheetExtremely low leverage and a stable-to-growing equity base provide financial resilience and flexibility. This reduces balance-sheet pressure during weaker periods and leaves the company better positioned to deploy capital or withstand earnings volatility over the coming quarters.

Negative Factors

Historically weak cash conversionSeveral consecutive years of negative operating and free cash flow show that reported earnings have not consistently converted into cash. This weakens confidence in earnings quality and could constrain internally funded growth if the recent improvement does not prove sustainable.

Nahar Capital & Financial Services Ltd. (NAHARCAP) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 3.74B
Dividend Yield: 0.67%
Average Volume (3M): 947
Price to Earnings (P/E): 3.1
Beta (1Y): 1.24
Revenue Growth: 21.36%
EPS Growth: 140.06%
Country: India
Employees: 18
Sector: General
Sector Strength: 55
Industry: Financial - Capital Markets

Nahar Capital & Financial Services Ltd. Business Overview & Revenue Model

Company Description

Nahar Capital and Financial Services Limited operates as a non-deposit taking non-banking financial company. Its activities are primarily segmented into Investment/Financial services and Real Estate. Within the financial segment, the company strategi...

Nahar Capital & Financial Services Ltd. Financial Statement Overview

Summary

Financial performance is solid overall, driven by strong recent revenue and profit growth (Income Statement score 78) and a very conservative, low-debt balance sheet (Balance Sheet score 88), but tempered by historically weak and volatile cash generation (Cash Flow score 45) and fluctuating profitability metrics.

Income Statement

78Positive

Balance Sheet

88Very Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	525.84M	489.41M	248.93M	223.62M	239.91M	258.42M
Gross Profit	494.33M	465.80M	177.74M	158.73M	177.97M	206.82M
EBITDA	949.08M	805.94M	599.10M	161.37M	944.09M	3.07B
Net Income	1.19B	631.41M	498.12M	117.66M	1.07B	2.26B
Balance Sheet
Total Assets	0	17.82B	17.26B	17.00B	16.81B	17.33B
Cash, Cash Equivalents and Short-Term Investments	5.29M	5.29M	229.61M	548.13M	597.52M	574.53M
Total Debt	0	96.88M	53.52M	43.02M	0	15.08M
Total Liabilities	-16.08B	1.74B	1.62B	1.58B	1.52B	1.74B
Stockholders Equity	16.08B	16.08B	15.64B	15.42B	15.28B	15.59B
Cash Flow
Free Cash Flow	-507.94M	187.46M	219.77M	-178.05M	-340.02M	-696.72M
Operating Cash Flow	-454.34M	275.20M	313.27M	-106.67M	-229.25M	-692.11M
Investing Cash Flow	482.10M	-325.35M	-268.00M	123.17M	255.00M	748.91M
Financing Cash Flow	-29.25M	18.24M	-14.62M	-26.54M	-26.45M	-51.15M

Nahar Capital & Financial Services Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price220.35

Price Trends

50DMA243.39Negative

100DMA246.95Negative

200DMA243.13Negative

Market Momentum

MACD-7.86Positive

RSI41.46Neutral

STOCH36.85Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NAHARCAP, the sentiment is Negative. The current price of 220.35 is below the 20-day moving average (MA) of 227.94, below the 50-day MA of 243.39, and below the 200-day MA of 243.13, indicating a bearish trend. The MACD of -7.86 indicates Positive momentum. The RSI at 41.46 is Neutral, neither overbought nor oversold. The STOCH value of 36.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NAHARCAP.

Nahar Capital & Financial Services Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:NAHARCAP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:NAHARCAP	76Outperform	INR 3.69B	3.14	―	0.67%	21.36%	140.06%
IN:WELINV	66Neutral	INR 7.18B	233.33	―	―	178.09%	148.89%
IN:NBIFIN	62Neutral	INR 4.28B	37.07	―	0.04%	8.77%	11.86%
IN:AVONMORE	56Neutral	INR 3.66B	24.60	―	―	1.87%	-48.72%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:DHUNINV	51Neutral	INR 5.01B	5.06	―	0.37%	-12.59%	1.11%
IN:THEINVEST	46Neutral	INR 4.41B	13.49	―	―	-20.72%	-15.18%

* General Sector Average

Performance Comparison

IN:NAHARCAP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:NAHARCAP	Nahar Capital & Financial Services Ltd.	220.35	-69.04	-23.86%
IN:AVONMORE	Avonmore Capital & Management Services Limited	12.97	-4.37	-25.20%
IN:DHUNINV	Dhunseri Investments Limited	822.50	-591.06	-41.81%
IN:NBIFIN	N.B.I. Industrial Finance Company Ltd	1741.90	-789.30	-31.18%
IN:THEINVEST	Investment Trust of India Limited	84.33	-56.07	-39.94%
IN:WELINV	Welspun Investments & Commercials Ltd.	1963.35	764.45	63.76%

Nahar Capital & Financial Services Ltd. Corporate Events

Nahar Capital Posts Unaudited Half-Year Results and Adopts New Tax Regime

Oct 30, 2026

Nahar Capital and Financial Services Ltd., a diversified non-banking financial company with investment, trading and real estate operations, reported its standalone and consolidated unaudited financial results for the quarter and half year ended Sept....

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 29, 2026

Nahar Capital & Financial Services Ltd. AI Stock Analysis