Nirlon Ltd

Nirlon Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nirlon Ltd

₹ 504 -2.28%
21 Jan - close price
nirlonltd.com BSE: 500307
About

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]

Key Points

Nirlon Knowledge Park
The company owns Nirlon Knowledge Park (NKP), which is an approx. 23-acre Information Technology Park located in Goregaon (East), Mumbai. The development of the company’s landmark project of Nirlon Knowledge Park began in phases from 2006, with the final phase i.e. Phase V completed in FY22. NKP has a total chargeable area of approximately 3.06 Mn. sq. ft. [1]
The company licensed the entire Phase- V with effect from December 15, 2021, to JP Morgan Services India Private Limited for a period of 10 years. [2] [3]

Website BSE
  • Market Cap ₹ 4,538 Cr.
  • Current Price ₹ 504
  • High / Low ₹ 529 / 399
  • Stock P/E 21.6
  • Book Value ₹ 42.2
  • Dividend Yield 5.16 %
  • ROCE 27.7 %
  • ROE 53.1 %
  • Face Value ₹ 10.0
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Pros

  • Stock is providing a good dividend yield of 5.16%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 35.1%
  • Company has been maintaining a healthy dividend payout of 158%

Cons

  • Stock is trading at 11.9 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Construction

Part of BSE SmallCap BSE Allcap BSE Services

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
79 93 137 138 143 144 148 148 149 152 153 157 160
20 18 24 31 26 26 32 32 30 32 32 36 32
Operating Profit 60 74 113 107 117 118 117 116 120 120 122 120 129
OPM % 75% 80% 82% 77% 82% 82% 79% 78% 80% 79% 79% 77% 80%
1 0 1 1 1 1 0 1 1 1 1 1 2
Interest 3 6 22 48 22 27 29 30 30 30 33 30 30
Depreciation 12 16 36 37 38 13 15 14 14 14 15 14 14
Profit before tax 46 52 55 23 59 78 73 73 77 77 75 78 87
Tax % 26% 74% 33% 38% 31% 32% 32% 32% 32% 32% 32% 36% 35%
34 13 37 14 40 54 50 50 52 52 51 50 56
EPS in Rs 3.75 1.49 4.11 1.58 4.49 5.94 5.52 5.52 5.82 5.78 5.68 5.53 6.27
Raw PDF
Upcoming result date: 13 February 2025

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
160 202 239 289 288 291 299 310 317 384 573 603 622
42 47 55 65 66 69 72 78 80 86 114 126 132
Operating Profit 117 154 184 223 222 222 226 232 237 298 458 477 490
OPM % 73% 77% 77% 77% 77% 76% 76% 75% 75% 78% 80% 79% 79%
14 6 9 -2 5 1 1 0 2 2 3 4 6
Interest 65 78 76 72 78 66 70 32 14 35 126 123 122
Depreciation 43 49 69 80 71 72 59 53 49 75 103 56 57
Profit before tax 23 34 48 69 78 85 99 146 177 190 233 302 317
Tax % 47% 6% 32% 37% 35% 35% 36% 25% 28% 42% 32% 32%
12 32 33 44 51 56 64 109 127 111 158 206 210
EPS in Rs 1.68 3.51 3.62 4.83 5.67 6.18 7.07 12.15 14.14 12.30 17.52 22.81 23.26
Dividend Payout % 0% 21% 21% 16% 13% 12% 11% 6% 57% 211% 148% 114%
Compounded Sales Growth
10 Years: 12%
5 Years: 15%
3 Years: 24%
TTM: 6%
Compounded Profit Growth
10 Years: 22%
5 Years: 26%
3 Years: 17%
TTM: 2%
Stock Price CAGR
10 Years: 10%
5 Years: 12%
3 Years: 10%
1 Year: 21%
Return on Equity
10 Years: 14%
5 Years: 31%
3 Years: 35%
Last Year: 53%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 72 89 90 90 90 90 90 90 90 90 90 90 90
Reserves 1,589 1,655 1,330 1,366 283 207 262 364 484 388 312 283 290
685 661 715 663 608 611 853 989 978 1,178 1,145 1,146 1,146
138 173 252 253 210 212 251 345 353 542 554 608 743
Total Liabilities 2,483 2,579 2,387 2,371 1,191 1,120 1,457 1,788 1,906 2,199 2,101 2,126 2,269
2,144 2,395 2,299 2,251 1,026 835 791 741 705 1,986 1,932 1,910 1,881
CWIP 296 131 7 26 55 141 559 948 1,140 13 6 3 2
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
43 53 80 94 109 143 106 99 60 200 163 214 386
Total Assets 2,483 2,579 2,387 2,371 1,191 1,120 1,457 1,788 1,906 2,199 2,101 2,126 2,269

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
140 175 205 205 217 212 224 311 209 340 377 425
-158 -142 -162 -75 -63 -118 -405 -325 -120 -159 -90 -51
28 -39 -39 -136 -140 -74 148 22 -100 -86 -365 -337
Net Cash Flow 10 -5 4 -6 14 20 -33 8 -10 95 -79 37

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 4 6 5 5 5 3 3 5 2 3 2 2
Inventory Days
Days Payable
Cash Conversion Cycle 4 6 5 5 5 3 3 5 2 3 2 2
Working Capital Days -178 -277 -313 -241 -152 -68 -93 -77 -128 -188 -118 -107
ROCE % 3% 5% 5% 7% 10% 16% 16% 14% 13% 14% 22% 28%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
70.39% 70.37% 70.35% 70.35% 70.34% 70.34% 70.34% 70.34% 67.84% 67.80% 67.76% 67.74%
13.40% 13.40% 13.48% 13.47% 14.09% 14.33% 14.38% 14.25% 14.34% 10.46% 10.36% 10.48%
0.36% 0.36% 0.34% 0.34% 0.01% 0.14% 0.01% 0.01% 0.01% 4.77% 4.81% 4.85%
0.20% 0.20% 0.20% 0.20% 0.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
15.66% 15.68% 15.62% 15.63% 15.35% 15.18% 15.28% 15.38% 17.82% 16.96% 17.05% 16.94%
No. of Shareholders 24,88324,58724,81423,76323,96423,54024,99024,39825,95127,01928,33827,278

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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