Nirlon Ltd.

NIRLON

₹511.8

-0.16% (-0.8)

Market Cap

₹4,608 Cr.

P/E

21.12

About

Nirlon is in the business of development and managing an Industrial Park / Information Technology (IT) Park.

Nirlon is in the business of development and managing an Industrial Park / Information Technol… Read more

Low

399

52W Range

High

575

Timeline

Key company specific updates

Company Timeline

Custom financial statementNew

Edit rows

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Balance sheet
Net Block	2,251	0.63	0.55	0.53	0.47	0.45	0.45	0.44	0.43	0.41
Shareholders Funds	1,456	373	297	352	454	574	478	402	373	357
Profit & Loss
Operating Profit	223	222	220	226	231	237	297	458	477	503
Net Sales	289	288	291	299	310	317	384	573	603	636
Cash flow
Cash from Operating Activity	205	217	212	224	311	209	340	377	425	480
Net Capex (est)	75.62	64.49	119	405	326	121	161	84.52	54.95	46.33
Ratios
ROCE (%)	6.79	14.63	13.93	11.96	10.22	10.15	11.31	18.86	22.00	—
ROE (%)	2.99	13.70	18.76	18.07	24.12	22.18	23.18	39.30	55.10	—

Forensics

10 Yes

Positive for this company

1 Neutral

Neutral for this company

6 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Retail Holding

Retail has been selling the stock which is usually a good time to buy
Revenue Recognition

Company is converting accounting profit to cash
Promoter Holding

Promoters has been selling shares in the open market over last 90 days

Price & Performance

Capex vs ROCE

Roce of the company has increased over the last three years
Share price

Share price has increased over last 10 years due to earnings
Working Capital

Working capital of the company seems to be under control
Sales Growth

Sales of the company has grown at a good pace
Balance Sheet Strength

Balance sheet of the company is moderately strong
ROE

Roe has decreased vs 10 year trend
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
Debt

Company might have issues servicing its debt
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong

Revenue mix

Product Wise Break-Up

Segment Break-Up

Location Wise Break-Up

Asset Break-Up - Geography Wise

Operational Metrics

Leasable Area (Mn Sqft)

Nirlon Ltd.

Leasable Area (Mn Sqft)
Source
Occupancy Rate - Commercial Real Estate (%)
Source

Peer Comparison

Peer Name	Latest Price	PE	Market cap(Cr)	Prom Holding(%)	YoY Qtly Sales(%)	ROCE (%)	ROE (%)
Nirlon	511.8	21.12	4,608	67.71	3.04	22	55.1
NESCO	930.35	17.47	6,553	68.54	1.61	19.08	15.8
TCI Industries	1,200.05	0.00	108	69.5	128.96	-7.21	-8.34
TARC	173.93	0.00	5,139	65.12	24.59	2.38	-6.04
Hemisphere Propert.	139.13	0.00	3,966	51.12	77.04	-1.45	-2.76
Kolte-Patil Develop.	437.6	31.23	3,327	69.45	36.53	4.09	-9.45
Ajmera Realty&Infra	851.55	26.57	3,347	68.23	-34.69	11.49	11.86
Arvind Smartspaces	678.9	28.26	3,123	50.27	38.96	16.69	8.41

Corporate Actions

Consolidated Dividend

DATE

DETAILS

2025, Feb 21

Dividend Dividend of Rs.15 per share

2024, Sep 12

Dividend Dividend of Rs.11 per share

2024, Feb 23

Dividend Dividend of Rs.15 per share

2023, Sep 04

Dividend Dividend of Rs.11 per share

2023, Feb 17

Dividend Dividend of Rs.15 per share

Customers

ICICI Bank Ltd.
Tata Consultancy Services Ltd.
Deutsche Bank
IBM
Subway
Starbucks

Showing 5 of 6

FAQs on Nirlon Ltd. Business

What does Nirlon do?

Nirlon specializes in the development and management of an Industrial Park / Information Technology Park.

Who are the competitors of Nirlon?

Nirlon major competitors are NESCO, TCI Industries, TARC, Hemisphere Propert., Kolte-Patil Develop., Ajmera Realty&Infra, Arvind Smartspaces.
Market Cap of Nirlon is ₹4,619 Crs.
While the median market cap of its peers are ₹3,305 Crs.

Is Nirlon financially stable compared to its competitors?

Nirlon seems to be less financially stable compared to its competitors.
Altman Z score of Nirlon is 2.63 and is ranked 5 out of its 8 competitors.

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Company Filing

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Conference Call	Mar	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec
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Discussions & Analysis

Nirlon Ltd.

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Nirlon Ltd.