N
Nirlon Ltd
NIRLON NSE
Nirlon Ltd
Commercial ServicesNSE: NIRLON BSE: 500307 Diversified Services
Key Fundamentals
MicrocapDiversified ServicesCommercial ServicesMarket Cap
₹5,587 Cr
Volatility
Moderate
P/E Ratio
15.71
EBITDA
₹521 Cr
Return on Equity
61.13%
Debt to Equity
2.45
Book Value
₹52
52W High
₹657
52W Low
₹516.03
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Nirlon Ltd insights
51 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Company has delivered good profit growth of 22.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 66.1%
- Company has been maintaining a healthy dividend payout of 86.8%
Weaknesses
2- Stock is trading at 12.0 times its book value
- Tax rate seems low
Growth Rate
Revenue Growth
3.75% ↗
Net Income Growth
65.63% ↗
Cash Flow Change
13.03% ↗
ROE
10.94% ↗
ROCE
4.14% ↗
EBITDA Margin (Avg.)
-3.87% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 42d agoAI opinion · based on fundamentals
Risk medium
Nirlon Ltd is a services sector company with a market cap of ₹5,594 Cr, trading at a PE of 16.1x and PB of 11.9x. The company has delivered strong profit growth of 30% CAGR over 3 years with an exceptional ROE of 84% in the last year, while maintaining a dividend yield of 2.42%.
Bull Case 8
- Exceptional return on equity of 84% in the last year, indicating highly efficient capital deployment
- Strong 3-year ROE average of 66%, demonstrating consistent profitability well above industry norms
- Compounded profit growth of 30% CAGR over 3 years significantly outpaces revenue growth, showing margin expansion
- Healthy dividend payout ratio of 86.8% with a current yield of 2.42%, providing tangible shareholder returns
- PE ratio of 16.1x is reasonable relative to the 58% TTM profit growth, implying a PEG well below 1
- 5-year compounded profit CAGR of 22.1% demonstrates sustained long-term earnings momentum
- Stock CAGR of 24% over 1 year reflects positive market recognition of improving fundamentals
- 10-year compounded profit CAGR of 23% shows the company has a long track record of earnings compounding
Bear Case 8
- Stock trades at 11.9x book value, a steep premium that leaves limited margin of safety if earnings disappoint
- TTM sales growth of only 5% is tepid, raising questions about whether profit growth is sustainable without revenue acceleration
- 3-year compounded sales CAGR of just 5% suggests the business has limited organic revenue scalability
- Apparent low tax rate raises concerns about sustainability of reported net profits if tax benefits expire
- Wide divergence between profit growth (30% 3Y CAGR) and sales growth (5% 3Y CAGR) may indicate one-time items or unsustainable cost efficiencies
- 5-year ROE declining from 49% average to a 10-year average of 31% indicates long-term mean reversion tendency in returns
- 5-year sales CAGR of 16% has decelerated sharply to 5% TTM, signaling a possible growth slowdown
- Debt-to-equity data is unavailable, limiting visibility into the company's leverage and financial risk profile
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 74d ago Positives 3
- FY26 net profit up 58.6% May 26
Nirlon reported FY26 net profit of ₹3,460 crore, a 58.6% YoY increase, with revenue from operations rising to ₹6,833 crore and operating cash flow of ₹4,775 crore.
- Total dividend ₹30 per share May 26
Board recommended a final dividend of ₹15 per share, bringing total FY26 payout to ₹30 per share including the interim dividend paid earlier.
- Strong asset base at ₹22,497 crore May 26
Total assets stood at ₹22,497 crore as per audited FY26 results approved by the board on May 25, 2026.
Neutral 2
- Q1FY27 earnings call audio released May 26
Nirlon released the audio recording of its Q1FY27 earnings conference call held on May 26, 2026, featuring CEO Rahul V. Sagar and CFO Manish B. Parikh.
- Q4FY26 earnings call scheduled May 8
Nirlon scheduled an earnings conference call for Q4 and FY26 results on May 26, 2026 at 12:00 Noon IST, following a board meeting on May 25.
TL;DR: Nirlon delivered a strong FY26 with net profit surging 58.6% to ₹3,460 crore and robust operating cash flows of ₹4,775 crore, signaling healthy operational execution. The generous ₹30 per share total dividend reflects confidence in cash generation. No identifiable headwinds emerged from recent disclosures. The trend appears firmly positive, though investors should watch for sustainability of growth in upcoming quarterly results.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 148 | 149 | 152 | 153 | 157 | 160 | 161 | 158 | 163 | 165 | 170 | 171 | 168 |
| Expenses | 32 | 30 | 32 | 32 | 36 | 32 | 30 | 35 | 35 | 36 | 38 | 39 | 39 |
| Operating Profit | 116 | 120 | 120 | 122 | 120 | 129 | 131 | 123 | 128 | 129 | 132 | 132 | 129 |
| OPM % | 78% | 80% | 79% | 79% | 77% | 80% | 81% | 78% | 78% | 78% | 78% | 77% | 77% |
| Other Income | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 4 | 4 | 3 | 3 | 4 |
| Interest | 30 | 30 | 30 | 33 | 30 | 30 | 29 | 28 | 28 | 26 | 28 | 26 | 26 |
| Depreciation | 14 | 14 | 14 | 15 | 14 | 14 | 14 | 13 | 14 | 14 | 14 | 14 | 14 |
| PBT | 73 | 77 | 77 | 75 | 78 | 87 | 90 | 84 | 90 | 93 | 93 | 96 | 93 |
| Tax % | 32% | 32% | 32% | 32% | 36% | 35% | 35% | 36% | 35% | -59% | 26% | 26% | 26% |
| Net Profit | 50 | 52 | 52 | 51 | 50 | 56 | 58 | 54 | 58 | 148 | 69 | 71 | 69 |
| EPS in Rs | 5.52 | 5.82 | 5.78 | 5.68 | 5.53 | 6.27 | 6.47 | 5.94 | 6.48 | 16.39 | 7.69 | 7.83 | 7.7 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 239 | 289 | 288 | 291 | 299 | 310 | 317 | 384 | 573 | 603 | 636 | 669 | 674 |
| Expenses | 55 | 65 | 66 | 69 | 72 | 78 | 80 | 86 | 114 | 126 | 133 | 148 | 152 |
| Operating Profit | 184 | 223 | 222 | 222 | 226 | 232 | 237 | 298 | 458 | 477 | 503 | 521 | 523 |
| OPM % | 77% | 77% | 77% | 76% | 76% | 75% | 75% | 78% | 80% | 79% | 79% | 78% | 77% |
| Other Income | 9 | -2 | 5 | 1 | 1 | 0 | 2 | 2 | 3 | 4 | 8 | 14 | 14 |
| Interest | 76 | 72 | 78 | 66 | 70 | 32 | 14 | 35 | 126 | 123 | 117 | 108 | 106 |
| Depreciation | 69 | 80 | 71 | 72 | 59 | 53 | 49 | 75 | 103 | 56 | 56 | 56 | 56 |
| PBT | 48 | 69 | 78 | 85 | 99 | 146 | 177 | 190 | 233 | 302 | 338 | 372 | 375 |
| Tax % | 32% | 37% | 35% | 35% | 36% | 25% | 28% | 42% | 32% | 32% | 36% | 7% | — |
| Net Profit | 33 | 44 | 51 | 56 | 64 | 109 | 127 | 111 | 158 | 206 | 218 | 346 | 357 |
| EPS in Rs | 3.62 | 4.83 | 5.67 | 6.18 | 7.07 | 12.15 | 14.14 | 12.3 | 17.52 | 22.81 | 24.21 | 38.39 | 39.61 |
| Div. Payout % | 21% | 16% | 13% | 12% | 11% | 6% | 57% | 211% | 148% | 114% | 107% | 39% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 |
| Reserves | 1,330 | 1,366 | 283 | 207 | 262 | 364 | 484 | 388 | 312 | 283 | 267 | 378 |
| Borrowings | 715 | 663 | 608 | 611 | 853 | 989 | 978 | 1,178 | 1,145 | 1,146 | 1,146 | 1,147 |
| Other Liabilities | 252 | 253 | 210 | 212 | 251 | 345 | 353 | 542 | 554 | 607 | 740 | 634 |
| Total Liabilities | 2,387 | 2,371 | 1,191 | 1,120 | 1,457 | 1,788 | 1,906 | 2,199 | 2,101 | 2,126 | 2,243 | 2,250 |
| Fixed Assets | 2,299 | 2,251 | 1,026 | 835 | 791 | 741 | 705 | 1,986 | 1,932 | 1,910 | 1,870 | 1,832 |
| CWIP | 7 | 26 | 55 | 141 | 559 | 948 | 1,140 | 13 | 6 | 3 | 9 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 80 | 94 | 109 | 143 | 106 | 99 | 60 | 200 | 163 | 214 | 364 | 411 |
| Total Assets | 2,387 | 2,371 | 1,191 | 1,120 | 1,457 | 1,788 | 1,906 | 2,199 | 2,101 | 2,126 | 2,243 | 2,250 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 205 | 205 | 217 | 212 | 224 | 311 | 209 | 340 | 377 | 425 | 480 | 477 |
| Investing | -162 | -75 | -63 | -118 | -405 | -325 | -120 | -159 | -90 | -51 | -38 | -309 |
| Financing | -39 | -136 | -140 | -74 | 148 | 22 | -100 | -86 | -365 | -337 | -332 | -322 |
| Net Cash Flow | 4 | -6 | 14 | 20 | -33 | 8 | -10 | 95 | -79 | 37 | 110 | -154 |
| Free Cash Flow | 42 | 130 | 153 | 93 | -181 | -15 | 89 | 179 | 292 | 370 | 434 | 434 |
| CFO/OP | 118 | 99 | 105 | 105 | 111 | 147 | 102 | 124 | 94 | 101 | 107 | 106 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 5 | 5 | 5 | 3 | 3 | 5 | 2 | 3 | 2 | 2 | 2 | 2 |
| Inventory Days | — | — | — | — | — | — | — | — | — | — | — | 0 |
| Cash Conversion Cycle | 5 | 5 | 5 | 3 | 3 | 5 | 2 | 3 | 2 | 2 | 2 | 2 |
| Working Capital Days | -361 | -260 | -171 | -68 | -93 | -107 | -128 | -268 | -118 | -107 | -126 | -82 |
| ROCE % | 5% | 7% | 10% | 16% | 16% | 14% | 13% | 14% | 22% | 28% | 30% | 31% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 May - Earnings conference call scheduled for May 26, 2026 to discuss Q4 and FY26 results. 8 May - Earnings conference call scheduled for May 26, 2026 to discuss Q4 and FY26 results.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Apr - Company has published newspaper notice on April 28, 2026 w.r.t. the Company''s equity shares are permitted to trade by NSE effective from April 20, 2026. 28 Apr - Company has published newspaper notice on April 28, 2026 w.r.t. the Company''s equity shares are permitted to trade by NSE effective from April 20, 2026.
3
Announcement under Regulation 30 (LODR)-Interest Rates Updates
29 Apr - HSBC reduced Green Loan spread to 200 bps from April 27, 2026; benchmark changed to three-month T bill. 29 Apr - HSBC reduced Green Loan spread to 200 bps from April 27, 2026; benchmark changed to three-month T bill.
4
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
5 May - CSCGlobal disclosed encumbrance over 10,945,558 Nirlon shares, 12.15%, created on 30 April 2026. 5 May - CSCGlobal disclosed encumbrance over 10,945,558 Nirlon shares, 12.15%, created on 30 April 2026.
5
The Equity Shares Of The Company Are Permitted To Trade On NSE W.E.F. April 20, 2026
24 Apr - Nirlon shares admitted for trading on NSE, symbol NIRLON, effective April 20, 2026. 24 Apr - Nirlon shares admitted for trading on NSE, symbol NIRLON, effective April 20, 2026.
Frequently Asked Questions about Nirlon Ltd
What does Nirlon Ltd do?
Nirlon Ltd is in business of development and management of the Industrial Park / Information Technology (IT) Park, i.e. Nirlon Knowledge Park (NKP) - Goregaon (East), Mumbai[1]
It was a pioneer in manufacturing of synthetic yarns and industrial rubber products. However, from 1988 to 2006, Nirlon ...
Where is Nirlon Ltd (NIRLON) listed?
Nirlon Ltd is listed on the Indian stock exchanges. It is listed on NSE: NIRLON and BSE: 500307. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Nirlon Ltd belong to?
Nirlon Ltd operates in the Commercial Services sector within the Diversified Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Nirlon Ltd?
Nirlon Ltd has a market capitalisation of approximately ₹5587.32 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Nirlon Ltd?
The Price-to-Earnings (PE) ratio of Nirlon Ltd is 15.71. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Nirlon Ltd?
Over the past 52 weeks, Nirlon Ltd has traded between a low of ₹516.03 and a high of ₹657. This range helps investors understand the stock's price volatility and recent trading levels.
Does Nirlon Ltd pay dividends?
Yes, Nirlon Ltd has a dividend yield of 4.83%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Nirlon Ltd?
Nirlon Ltd has a Return on Equity (ROE) of 61.13%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Nirlon Ltd on Tapetide?
On Tapetide, you can view Nirlon Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Nirlon Ltd is in business of development and management of the Industrial Park / Information Technology (IT) Park, i.e. Nirlon Knowledge Park (NKP) - Goregaon (East), Mumbai[1] It was a pioneer in manufacturing of synthetic yarns and industrial rubber products. However, from 1988 to 2006, Nirlon successfully underwent bankruptcy restructuring. Nirlon commenced development of Nirlon Knowledge Park in 2006.[2]