Nirlon Limited
₹623.05-₹5.75 (-0.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹4,506 Cr
- P/E
- 14.2x
- EV / EBITDA
- 11.7x
- Revenue
- ₹636 Cr
- Net margin
- 34.2%
- ROCE
- 31.4%
Price chart
Technical chartScreen technicals →+23.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +4.7%
- 3M
- 0.0%
- 6M
- +9.2%
- 1Y
- +23.9%
- 5Y
- +44.4%
52-week range
Day change -₹5.75 (-0.9%) from ₹629 to ₹623 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in NIRLON, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 55.2%
Concerns1
- High leverage — debt-to-equity of 3.07
Rule-based from financial data. Not advice.
About the company
Nirlon Limited engages in the development and management of an industrial/information technology park. It owns the Nirlon Knowledge Park, a 23 acres industrial/information technology park located in Goregaon, Mumbai. The company was incorporated in 1958 and is based in Mumbai, India. Nirlon Limited is a subsidiary of Reco Berry Private Limited.
- Sector
- Industrials
- Shares outstanding
- 9.0 Cr shares
- ISIN
- INE910A01012
- BSE code
- 500307
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹4,506 Cr
- P/E
- 14.2x
- P/B
- 9.7x
- EV / EBITDA
- 11.7x
- EV / Sales
- 9.3x
- P/S
- 7.5x
- Earnings yield
- 7.0%
- 52-week high
- ₹650.00
- 52-week low
- ₹484.00
Profitability
- Operating margin
- 79.1%
- Net margin
- 34.2%
- EBITDA margin
- 79.8%
- ROE
- 55.2%
- ROCE
- 31.4%
- ROA
- 9.7%
- Dividend payout
- 114.0%
- Tax rate
- 32.0%
- Other income, % of PBT
- 1.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹636 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.5%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹481 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 4.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.8%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.6%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹425 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.7%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹110 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.2%
Solvency and efficiency
- Current ratio
- 0.35
- Debt / Equity
- 3.07
- Debt / Assets
- 0.54
- Debt / EBITDA
- 2.38
- Interest coverage
- 3.88
- Financial leverage
- 5.70
- CFO / Net profit
- 2.06
- Cash / Market cap
- 4.7%
- Cash per share
- ₹23.75
- Asset turnover
- 0.28
- Fixed asset turnover
- 0.32
- Capital intensity
- 3.17
- Debtor days
- 2 days
- Cash conversion cycle
- 2 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹34 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹133 Cr |
| Sales | Operating profit | ₹503 Cr |
| Operating profit | Interest | ₹117 Cr |
| Operating profit | Depreciation | ₹56 Cr |
| Operating profit | Profit before tax | ₹330 Cr |
| Other income | Profit before tax | ₹8 Cr |
| Profit before tax | Tax and other | ₹120 Cr |
| Profit before tax | Net profit | ₹218 Cr |
Revenue and net profit
Revenue grew 5.5% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹317 Cr | ₹127 Cr |
| FY2022 | ₹384 Cr | ₹111 Cr |
| FY2023 | ₹573 Cr | ₹158 Cr |
| FY2024 | ₹603 Cr | ₹206 Cr |
| FY2025 | ₹636 Cr | ₹218 Cr |
Cash flows
FY2025: ₹480 Cr from operations, ₹442 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹209 Cr | ₹89 Cr |
| FY2022 | ₹340 Cr | ₹181 Cr |
| FY2023 | ₹377 Cr | ₹287 Cr |
| FY2024 | ₹425 Cr | ₹374 Cr |
| FY2025 | ₹480 Cr | ₹442 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹636 Cr+5.5%1Y
- Net profit
- ₹218 Cr+5.8%1Y
- Cash from operations
- ₹480 Cr
- Free cash flow
- ₹442 Cr+18.2%1Y
- Revenue CAGR, 5Y
- 14.2%
- EBITDA CAGR, 5Y
- 15.7%
- Net profit CAGR, 5Y
- 13.6%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹636 Cr | ₹503 Cr | — | ₹218 Cr | ₹480 Cr | ₹442 Cr | 61.1% | +5.5% | +5.8% |
Monthly returns
Month-by-month returns of NIRLON across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,243 Cr |
| Equity capital | ₹90 Cr |
| Reserves | ₹267 Cr |
| Borrowings | ₹1,146 Cr |
| Other liabilities | ₹740 Cr |
| Assets | ₹2,243 Cr |
| Fixed assets | ₹1,870 Cr |
| Capital work in progress | ₹9 Cr |
| Investments | ₹0 Cr |
| Other assets | ₹364 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
NIRLON trades at 14.2x earnings against a peer median of 38.3x (a 63% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Nirlon LimitedNIRLONthis companyP/E ↓ discount | ₹4,506 Cr | 14.2x | 9.7x | 55.2% | 11.7x |
| GMM Pfaudler Ltd.GMMPFAUDLR | ₹4,612 Cr | 72.2x | 5.6x | 6.8% | 34.1x |
| H.G. Infra Engineering LimitedHGINFRA | ₹4,553 Cr | 9.2x | 1.5x | 23.5% | 4.7x |
| Skipper LimitedSKIPPER | ₹4,489 Cr | 26.5x | 3.6x | 8.4% | 14.0x |
| AGI GREENPAC LIMITEDAGI | ₹4,449 Cr | 12.6x | 2.0x | 13.8% | 8.2x |
| KRN HEAT EXCHANGER AND REFRIGERATION LIMITEDKRN | ₹4,423 Cr | 67.2x | 8.3x | 30.5% | 69.4x |
| Kennametal India LimtiedKENNAMET | ₹4,410 Cr | 40.4x | 5.9x | — | — |
| Swaraj Engines Ltd.SWARAJENG | ₹4,379 Cr | 24.7x | 11.2x | 37.5% | 21.3x |
| SG MART LIMITEDSGMART | ₹4,314 Cr | 44.9x | 2.9x | 5.6% | 44.8x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
NIRLON since 1 January, against earlier years.
Historical volatility
NIRLON's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 75.0% |
| FY2022 | 78.0% |
| FY2023 | 80.0% |
| FY2024 | 79.0% |
| FY2025 | 79.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹636 Cr |
| Costs | |
| Interest | ₹117 Cr |
| Expenses | ₹133 Cr |
| Operating profitOperating Profit | ₹503 Cr |
| Other income and charges | |
| Profit before tax | ₹338 Cr |
| Tax | |
| Net profitNet Profit | ₹218 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,243 Cr |
| Equity capitalEquity Capital | ₹90 Cr |
| Reserves | ₹267 Cr |
| Borrowings | ₹1,146 Cr |
| Other liabilitiesOther Liabilities | ₹740 Cr |
| AssetsTotal Assets | ₹2,243 Cr |
| Fixed assetsFixed Assets | ₹1,870 Cr |
| Capital work in progressCWIP | ₹9 Cr |
| Investments | ₹0 Cr |
| Other assetsOther Assets | ₹364 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹480 Cr |
| Investing cash flowCash from Investing Activity | -₹38 Cr |
| Financing cash flowCash from Financing Activity | -₹332 Cr |
| Change in cashNet Cash Flow | ₹110 Cr |
Learn while you research
Academy chapters picked for Nirlon Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Leverage RatiosDebt/Equity of 3.07 is elevated, understand what that means for solvency.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read