Nirlon Ltd Share Price ₹620 | P/E 16.4

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Nirlon Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	148	148	149	152	153	157	160	161	158	163	165	170	171
Expenses +	32	32	30	32	32	36	32	30	35	35	36	38	39
Operating Profit	117	116	120	120	122	120	129	131	123	128	129	132	132
OPM %	79%	78%	80%	79%	79%	77%	80%	81%	78%	78%	78%	78%	77%
Other Income +	0	1	1	1	1	1	2	3	3	4	4	3	3
Interest	29	30	30	30	33	30	30	29	28	28	26	28	26
Depreciation	15	14	14	14	15	14	14	14	13	14	14	14	14
Profit before tax	73	73	77	77	75	78	87	90	84	90	93	93	96
Tax %	32%	32%	32%	32%	32%	36%	35%	35%	36%	35%	-59%	26%	26%
Net Profit +	50	50	52	52	51	50	56	58	54	58	148	69	71
EPS in Rs	5.52	5.52	5.82	5.78	5.68	5.53	6.27	6.47	5.94	6.48	16.39	7.69	7.83

Financials of Nirlon Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	239	289	288	291	299	310	317	384	573	603	636	669
Expenses +	55	65	66	69	72	78	80	86	114	126	133	148
Operating Profit	184	223	222	222	226	232	237	298	458	477	503	521
OPM %	77%	77%	77%	76%	76%	75%	75%	78%	80%	79%	79%	78%
Other Income +	9	-2	5	1	1	0	2	2	3	4	8	14
Interest	76	72	78	66	70	32	14	35	126	123	117	108
Depreciation	69	80	71	72	59	53	49	75	103	56	56	56
Profit before tax	48	69	78	85	99	146	177	190	233	302	338	372
Tax %	32%	37%	35%	35%	36%	25%	28%	42%	32%	32%	36%	7%
Net Profit +	33	44	51	56	64	109	127	111	158	206	218	346
EPS in Rs	3.62	4.83	5.67	6.18	7.07	12.15	14.14	12.30	17.52	22.81	24.21	38.39
Dividend Payout %	21%	16%	13%	12%	11%	6%	57%	211%	148%	114%	107%	39%

Financials of Nirlon Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	90	90	90	90	90	90	90	90	90	90	90	90
Reserves	1,330	1,366	283	207	262	364	484	388	312	283	267	378
Borrowings +	715	663	608	611	853	989	978	1,178	1,145	1,146	1,146	1,147
Other Liabilities +	252	253	210	212	251	345	353	542	554	607	740	634
Total Liabilities	2,387	2,371	1,191	1,120	1,457	1,788	1,906	2,199	2,101	2,126	2,243	2,250
Fixed Assets +	2,299	2,251	1,026	835	791	741	705	1,986	1,932	1,910	1,870	1,832
CWIP	7	26	55	141	559	948	1,140	13	6	3	9	7
Investments	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets +	80	94	109	143	106	99	60	200	163	214	364	411
Total Assets	2,387	2,371	1,191	1,120	1,457	1,788	1,906	2,199	2,101	2,126	2,243	2,250

Financials of Nirlon Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	205	205	217	212	224	311	209	340	377	425	480	477
Cash from Investing Activity +	-162	-75	-63	-118	-405	-325	-120	-159	-90	-51	-38	-309
Cash from Financing Activity +	-39	-136	-140	-74	148	22	-100	-86	-365	-337	-332	-322
Net Cash Flow	4	-6	14	20	-33	8	-10	95	-79	37	110	-154
Free Cash Flow	42	130	153	93	-181	-15	89	179	292	370	434	434
CFO/OP	118%	99%	105%	105%	111%	147%	102%	124%	94%	101%	107%	106%

Financials of Nirlon Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	5	5	5	3	3	5	2	3	2	2	2	2
Inventory Days												0
Days Payable
Cash Conversion Cycle	5	5	5	3	3	5	2	3	2	2	2	2
Working Capital Days	-361	-260	-171	-68	-93	-107	-128	-268	-118	-107	-126	-82
ROCE %	5%	7%	10%	16%	16%	14%	13%	14%	22%	28%	30%	31%