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Nirlon Limited

Nirlon Limited

626.50
INR
+1.50
(+0.24%)
39.61EPS
15.57P/E
55.57BMarket Cap
Nov 02Next Earn
Nirlon Limited
BSE:NIRLON
(Bombay Stock Exchange)

Recent

price

626.50

P/E

ratio

15.57

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
19.08
20.37
22.25
27.1
26.72
32.07
31.2
31.81
32.66
33.98
34.78
42.16
62.96
66.3
70.13
73.67
74.84
Revenue per Share
0.06
-2.9
1.68
4.25
3.64
4.84
5.67
6.18
7.07
12.15
14.14
12.3
17.52
22.81
24.21
38.39
39.61
Basic EPS, GAAP
-8.74
1.79
-2.67
4.39
4.67
14.4
15.27
10.17
-20.13
-1.84
9.83
19.89
32.35
41.04
48.04
48.15
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.86
0.89
0.88
0.76
0.75
0.75
0.75
23
26
26
26
26
- -
Dividend per Share
18.9
232.46
231.43
193.6
157.59
36.65
27.67
32.95
39.11
50.36
63.74
53.04
44.59
41.4
39.61
52
- -
Book Value per Share
18.9
232.45
231.42
193.6
157.59
36.64
27.67
32.95
39.11
50.36
63.74
53.04
44.59
41.4
39.61
52
- -
Tangible Book Value per Share
58
68
72
74
89
90
90
90
90
90
90
90
90
90
90
90
90
Basic Weighted Avg Shares
1,111
1,378
1,597
2,015
2,390
2,889
2,811
2,866
2,943
3,062
3,134
3,799
5,674
5,974
6,320
6,639
6,745
Sales/Revenue/Turnover
18.84
26.6
47.73
53.04
48.64
49.65
54.93
52.7
56.93
58.71
60.41
58.83
62.68
70.45
70.85
70.23
69.22
Operating Margin (%)
460
494
426
489
687
805
707
722
589
533
487
755
1,028
564
563
556
558
Depreciation Expense
4
-196
120
316
326
436
511
557
637
1,095
1,274
1,108
1,579
2,056
2,182
3,460
3,570
Net Income, GAAP
28.19
- -
47.12
6.39
31.94
36.93
34.56
34.68
35.55
25.27
27.99
41.7
32.09
31.83
35.53
6.98
4.84
Effective Tax Rate (%)
0.32
-14.25
7.54
15.7
13.63
15.08
18.17
19.43
21.63
35.75
40.65
29.17
27.83
34.41
34.52
52.11
52.92
Profit Margin (%)
-535
-652
-718
-1,639
-2,271
-1,181
-1,173
-160
-708
-786
-1,082
-1,821
-1,622
-1,161
-461
1,473
- -
Working Capital
5,590
5,371
6,482
5,855
6,153
5,806
5,140
6,109
8,534
9,634
9,784
10,939
11,450
11,459
11,461
11,467
- -
LT Debt
1,101
16,682
16,609
17,447
14,202
3,303
2,494
2,969
3,525
4,538
5,744
4,780
4,018
3,731
3,569
4,686
- -
Total Equity
2.32
- -
0.53
1.36
1.45
2.79
5.66
11.02
10.2
10.1
9.1
8.08
15.02
18.55
18.1
26.61
- -
Return on Invested Capital (%)
6.48
- -
0.53
4.41
3.68
5.58
10.06
10.21
10.28
10.08
9.18
8.16
14.1
18.88
19.41
28.59
- -
Return on Capital (%)
0.33
-2.21
0.72
1.86
2.06
4.98
17.63
20.39
19.61
27.16
24.78
21.06
35.9
53.06
59.78
83.82
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
2
- -
LT Borrowings
- -
11,467
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
90
90
90
Market Capitalization
45,280
45,172
55,567

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
3,379
- -
Cash, Cash Equivalents & STI
- -
2,853
- -
Accounts Receivable, Net
- -
33
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
1,906
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
2
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.57%
-2.58%
31.29%
Free Cash Flow
-84.2%
41.81%
0.24%
Net Income, GAAP
25.33%
24.87%
58.57%
Sales/Revenue/Turnover
9.51%
17.34%
5.05%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,565
1,602
1,613
1,580
6,320
2026
1,630
1,653
1,699
1,709
6,639
2027
1,683
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
5.53
6.27
6.47
5.94
24.21
2026
6.48
16.39
7.69
7.83
38.39
2027
7.7
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
26
2026
- -
- -
- -
- -
26
2027
- -
- -
- -
- -
- -
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Business
Nirlon Limited engages in the development and management of industrial and information technology parks in India. The company owns and operates the Nirlon Knowledge Park (NKP), a 23-acre facility in Goregaon East, Mumbai, offering office and commercial space for technology, media, and corporate tenants; it also holds a 75% undivided interest in approximately 0.05 million square feet of Nirlon House (NH), a commercial property in the same location. Founded in 1958 and headquartered at Pahadi Village, off Western Express Highway, Goregaon East, Mumbai, Nirlon Limited is a subsidiary of Reco Berry Private Limited, an affiliate of GIC, Singapore's sovereign wealth fund, following a 2014 acquisition that established majority control. The company generates revenue primarily from licensing and leasing space within NKP and NH, achieving high occupancy rates averaging 98.2% in Q4 FY25, with total revenue of INR 645 crore, EBITDA of INR 512 crore, and profit after tax of INR 218 crore for FY25, reflecting 6% year-on-year growth across key metrics. Recent developments include ongoing relicensing efforts for vacant space totaling 92,000 square feet at NKP and 6,000 square feet at Nirlon House as of March 31, 2025, with 50,000 square feet under advanced negotiations, a major NTT renewal for 57,000 square feet at NKP, and 136,000 square feet confirmed for relicensing in FY26; the company anticipates full occupancy by Q4 FY26 amid a robust pipeline.