Nirlon Ltd
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]
- Market Cap ₹ 3,981 Cr.
- Current Price ₹ 442
- High / Low ₹ 475 / 381
- Stock P/E 19.4
- Book Value ₹ 41.4
- Dividend Yield 5.89 %
- ROCE 27.7 %
- ROE 53.1 %
- Face Value ₹ 10.0
Pros
- Stock is providing a good dividend yield of 5.89%.
- 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 10.7 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: Realty Industry: Construction
Quarterly Results
Figures in Rs. Crores
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 | 611 | |
42 | 47 | 55 | 65 | 66 | 69 | 72 | 78 | 80 | 86 | 114 | 126 | 130 | |
Operating Profit | 117 | 154 | 184 | 223 | 222 | 222 | 226 | 232 | 237 | 298 | 458 | 477 | 481 |
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 | 5 | |
Interest | 65 | 78 | 76 | 72 | 78 | 66 | 70 | 32 | 14 | 35 | 126 | 123 | 123 |
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 | 307 |
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 | 206 | |
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 | 22.81 |
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: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 26% |
3 Years: | 17% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 17% |
3 Years: | 14% |
1 Year: | -1% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 72 | 89 | 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 |
685 | 661 | 715 | 663 | 608 | 611 | 853 | 989 | 978 | 1,178 | 1,145 | 1,146 | |
138 | 173 | 252 | 253 | 210 | 212 | 251 | 345 | 353 | 542 | 554 | 608 | |
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 |
2,144 | 2,395 | 2,299 | 2,251 | 1,026 | 835 | 791 | 741 | 705 | 1,986 | 1,932 | 1,910 | |
CWIP | 296 | 131 | 7 | 26 | 55 | 141 | 559 | 948 | 1,140 | 13 | 6 | 3 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
43 | 53 | 80 | 94 | 109 | 143 | 106 | 99 | 60 | 200 | 163 | 214 | |
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 |
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 | 392 | 425 | |
-158 | -142 | -162 | -75 | -63 | -118 | -405 | -325 | -120 | -159 | -90 | -51 | |
28 | -39 | -39 | -136 | -140 | -74 | 148 | 22 | -100 | -86 | -381 | -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 | 0 | |||||||||||
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19 Aug - Earnings Call Transcript of the Investors'' meet held on August 13,2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 Aug - AUDIO RECORDINGS OF INVESTOR / INVESTOR MEETING HELD ON AUGUST 13,2024 AT 12.00 NOON FOR THE QUARTER ENDED JUNE 30,2024.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Aug - NEWS PAPERS PUBLICATION - RECORD DATE AND BOOK CLOSURE FOR THE 65TH AGM AND FINAL DIVIDEND FOR THE F.Y. 2023-24
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Aug - NEWSPAPERS PUBLICATION - UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30,2024
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Announcement under Regulation 30 (LODR)-Investor Presentation
12 Aug - INVESTOR PRESENTATION FOR THE QUARTER ENDED JUNE 2024
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
from bse
Concalls
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptPPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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]