Nirlon Limited operates in diversified commercial services within India's industrials sector, with a market capitalisation of ₹5,645.67 Cr. The company maintains exceptional operating margins of 79%, delivering stable profitability from a revenue base of approximately ₹75–82 Cr per quarter over the past two years.
Face value
₹10
Market cap
₹5,467 Cr
P/E
42.9×
P/B
15.3×
Dividend yield
6.8%
ROE
59.8%
ROCE
23.2%
Debt / equity
3.21
OPM
79.1%
EPS (TTM)
₹14.1
Book value
₹39.6
52-week high
—
52-week low
Key insights
Company research notes and source-linked reviews
Key risks
Expensive valuation at PE 44.31 leaves limited room for error; verify what earnings growth trajectory justifies this multiple.
Flat revenue over ~two years (₹75–82 Cr range) shows no growth; identify whether this reflects market saturation, execution challenges, or structural positioning.
High leverage with D/E ratio of 3.21 constrains financial flexibility; stress margins or demand and refinancing becomes risky.
FII shareholding collapsed from 15.78% (Mar 2026) to 4.49% (Jun 2026) in one quarter; verify what triggered institutional reallocation.
Generated analysis · source review pending
Growth drivers
ROE of 59.78% demonstrates efficient capital deployment; retained earnings could fund expansion in service lines or geographies if management pursues it (ROE 59.78%)
Operating margins sustained at 79.06% (historically 71–77% range) mean revenue growth would flow to profit without margin compression (OPM 79.06%)
Compact revenue base of ₹75–82 Cr per quarter with ₹28–33 Cr net profit suggests small organic growth from this stable foundation would materially lift absolute earnings (Revenue ₹77–82 Cr, net profit ₹28–33 Cr)
Stock returned 18.3% in one year; verify if driven by announced strategic initiatives or sector rerating.
Generated analysis · source review pending
2,420 historical price candles were omitted because the exchange source has not been verified.
₹606.8+0.2%1Y
Quick read
rule-based
Pros
+Strong return on equity of 49.6% (3-yr avg)
+High return on capital employed of 21.4%
+Healthy operating margin of 79.1%
+Revenue CAGR of 15.5% over the last 5 years
+Dividend yield of 6.8%
+High promoter holding of 67.7% with no pledge
Cons
−Heavily leveraged (debt/equity 3.2)
−Trading at 15.3× book value
Research score
Structured signal from quality, growth, valuation and momentum.
39/100
Business quality
56
Growth
Revenue & net profit
₹ crore, by fiscal year
RevenuePAT
Margins
% of revenue, by fiscal year
OPMPAT margin
Peers
Comparable companies from the narrowest available industry classification.
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Financials
Reported profit and loss, balance sheet, cash flow and growth history.
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Ratios
Annual operating, return, leverage and working-capital ratios.
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Shareholding
Quarterly ownership, named holders, insider transactions and disclosed deals.
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F&O
Current futures and options contracts with compact option-chain pages.
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Fund holders
Mutual-fund schemes that disclosed a holding in the company.
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Documents
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
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Events
Upcoming dates and the company’s corporate-action history.
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Announcements
Latest exchange announcements, filings and downloadable documents.
Board meeting to consider results2 Nov 2026 · in 31 daysresults
18
Final dividend3 Sept 2026 · ex-date₹15
Interim dividend20 Feb 2026 · ex-date₹15
Final dividend11 Sept 2025 · ex-date₹11
Interim dividend21 Feb 2025 · ex-date₹15
Final dividend12 Sept 2024 · ex-date₹11
Interim dividend23 Feb 2024 · ex-date₹15
Final dividend4 Sept 2023 · ex-date₹11
Interim dividend17 Feb 2023 · ex-date₹15
Final dividend7 Sept 2022 · ex-date₹11
Interim dividend17 Feb 2022 · ex-date₹15
Dividend dividend15 Sept 2021 · ex-date₹8
Dividend dividend15 Sept 2020 · ex-date₹0.75
Dividend dividend21 Aug 2019 · ex-date₹0.75
Dividend dividend11 Sept 2018 · ex-date₹0.75
Dividend dividend13 Sept 2017 · ex-date₹0.75
Dividend dividend7 Sept 2016 · ex-date₹0.75
Dividend dividend9 Sept 2015 · ex-date₹0.75
Dividend dividend10 Sept 2014 · ex-date₹0.75
2
Board meeting to consider results2 Nov 2026
Board meeting to consider results10 Aug 2026
Standalone figures
Ratio
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Margins
Gross margin %
—
—
—
—
—
—
—
—
EBITDA margin %
75.4%
75.9%
74.5%
74.9%
77.5%
80%
79.1%
79.1%
EBIT margin %
50.9%
56.3%
57.3%
59.5%
57.8%
62%
69.8%
70.2%
PAT margin %
19.2%
21.2%
35.3%
40.2%
28.9%
27.6%
34.1%
34.3%
Working capital
Receivable days
5
3
5
2
3
2
2
2
Inventory days
—
—
—
—
0
0
0
0
Payable days
—
0
2
3
108
53
39
58
NWC days
—
—
—
—
-105
-51
-37
-56
Leverage
Current ratio
0.22
0.25
0.31
0.17
0.39
0.2
0.4
0.82
Debt to EBITDA
2.41
3.85
4.28
4.48
3.96
2.5
2.4
2.28
Debt to equity
2.12
2.49
2.18
1.85
2.47
2.85
3.07
3.21
Interest coverage
2.3
2.4
5.6
13.6
6.5
2.9
3.4
3.9
Asset turnover
0.27
0.21
0.17
0.17
0.17
0.27
0.28
0.28
Return ratios
Return on assets %
5.2%
4.4%
6.1%
6.7%
5%
7.5%
9.7%
9.7%
Return on capital employed %
15.3%
15%
11.8%
11.1%
12.2%
18.9%
22.2%
23.2%
Return on equity %
22.3%
18.1%
24.1%
22.2%
23.2%
39.3%
55.1%
61.1%
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
Not in the F&O segment
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The Book Closure Is Commencing From Friday, September 4,2026 To Friday, September 18,2026 For The Purpose Of The 67Th AGM And Record Date For The Final Dividend -F.Y2025-26
Board Meeting Outcome for UNADITED FIANNCIAL RESULTS FO RTHE Quarter Ended June 30,2026, 67Th AGM , Record Date, Book Closure, And Investor Presentation For The Q1 Of The F.Y. 2027
The Book Closure Is Commencing From Friday, September 4,2026 To Friday, September 18,2026 For The Purpose Of The 67Th AGM And Record Date For The Final Dividend -F.Y2025-26
Board Meeting Outcome for UNADITED FIANNCIAL RESULTS FO RTHE Quarter Ended June 30,2026, 67Th AGM , Record Date, Book Closure, And Investor Presentation For The Q1 Of The F.Y. 2027