Nirlon logo

Nirlon

NIRLON NSE
₹619.60 0.65 (0.10%)
Market Cap
₹5,584 Cr
P/E
15.64

Key Fundamentals

MicrocapDiversified ServicesCommercial Services
Market Cap
₹5,584 Cr
P/E (TTM)
15.64
EBITDA
₹535 Cr
Return on Equity
73.83%
Debt to Equity
2.45
Book Value
₹52.00
EPS (TTM)
₹39.61
52W High
₹657.00
52W Low
₹476.85

Price-based figures as of 13 Oct 2026, 15:29 IST · EPS basis: Standalone · TTM

Peer Comparison

Services › Commercial Services › Diversified Services › Diversified Commercial Services

International Gemological Institute
₹317.6022.5113,725 Cr9.220.83%47.80%58.83%1,421 Cr611 Cr
WeWork India Management
₹677.55111.269,409 Cr31.210.00%64.94%11.08%2,648 Cr82 Cr
Indiabulls
₹36.5819.678,531 Cr2.750.00%24.67%3.09%1,121 Cr488 Cr
Nesco
₹1,041.3017.617,337 Cr2.450.67%13.77%15.50%1,066 Cr417 Cr
SIS
₹405.4039.095,730 Cr2.251.68%5.41%6.62%17,111 Cr147 Cr
Nirlon (this company)
₹619.6015.645,584 Cr11.924.79%73.83%23.30%689 Cr357 Cr
Smartworks Coworking Spaces
₹473.50194.065,416 Cr10.200.00%1.98%7.50%2,022 Cr28 Cr
Quess Corp
₹331.4519.594,951 Cr4.243.42%19.02%17.53%15,873 Cr253 Cr
Indiqube Spaces
₹187.96—3,985 Cr7.740.00%-20.66%5.67%1,652 Cr-94 Cr
CMS Info Systems
₹220.5212.263,530 Cr1.452.45%12.47%16.18%2,541 Cr293 Cr
Median 10 companies₹368.4219.675,657 Cr5.990.75%16.40%13.29%1,837 Cr273 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

As of 2026-10-12
v2.0.0
58 Good
Overall score
Data confidence 100/100

Category scores

Quality Strong 90
Returns, margins, earnings quality 22%
Valuation Average 54
Cheap vs sector & own history 24%
Growth Weak 44
Sales & profit trajectory 9%
Financial Health Poor 29
Solvency, leverage, coverage 9%
Momentum Strong 80
Trend strength, vol-adjusted 12%
Ownership Poor 36
FII/DII/promoter flows 24%

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Stock is providing a good dividend yield of 4.79%.
  • 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 99.8%

Weaknesses

2
  • Stock is trading at 12.0 times its book value
  • Tax rate seems low

Technical Indicators

Oscillators

BearishNeutralBullish

Neutral

Bearish
2
Neutral
5
Bullish
2

Overall

BearishNeutralBullish

Bullish

Bearish
3
Neutral
5
Bullish
11

Moving Averages

BearishNeutralBullish

Bullish

Bearish
1
Neutral
0
Bullish
9

Growth Rate

Revenue Growth
5.94% higher than 3Y

change over 1 year

Net Income Growth
58.57% higher than 3Y

change over 1 year

Cash Flow Change
-0.54%

change over 1 year

EBITDA Margin Change
-1.26%

change over 1 year Operating margin 77% · Jun 2026

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI 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

130d 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

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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 (₹)
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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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%
78%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
5
5
5
3
3
5
2
3
2
2
2
2
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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Nirlon insights

57 extracted metrics + investor summaries across FY15–FY27.

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Shareholding Pattern

DIIs0.02%Promot.67.65%FIIs4.49%Public6.80%Others21.05%As ofJun 2026

Documents

Frequently Asked Questions about Nirlon

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 trades as NIRLON on the NSE and under code 500307 on the BSE.
Which sector does Nirlon Ltd belong to?
Nirlon Ltd is classified under the Commercial Services sector, in the Diversified Services industry.
What is the market capitalisation of Nirlon Ltd?
Nirlon Ltd has a market capitalisation of ₹5,584 Cr as of 13 Oct 2026, which places it in the Mid Cap band.
What is the PE ratio of Nirlon Ltd?
Nirlon Ltd trades at a PE ratio of 15.64 as of 13 Oct 2026, on earnings per share of ₹39.61, against a book value of ₹52 per share.
What is the 52-week high and low of Nirlon Ltd?
Over the last 52 weeks Nirlon Ltd has traded between ₹476.85 and ₹657 as of 13 Oct 2026.
Does Nirlon Ltd pay dividends?
Nirlon Ltd has a dividend yield of 4.84%.
What is the Return on Equity (ROE) of Nirlon Ltd?
Nirlon Ltd reported a return on equity of 73.83%. Its debt-to-equity ratio is 2.45.

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]

Website nirlonltd.com
CEO Mr. Rahul Virenchee Sagar B.A.
Employees 3
Listed 2026-04-20
Face Value ₹ 10
Shares Outstanding 9,01,18,040

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