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Northern Spirits Ltd (542628)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542628 NSE: Trading | Small Cap | Northern Spirits Share Price

₹120.70 -0.25 (-0.21%)

As on 12-Jun'26 16:59

Northern Spirits Ltd (542628)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542628 NSE: Trading | Small Cap | Northern Spirits Share Price

₹120.70 -0.25 (-0.21%)

As on 12-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹194 Cr.
Current Price
₹120.7
52-Week Low / High
₹97 / 223
TTM EPS
₹16.9
TTM Sales
₹2,309 Cr.
Book Value per Share
₹92.9
P/E Ratio
7.14
Lower than its 5-year historical median
Industry PE
35.6
Price to Book (P/B)
1.30
Lower than its 5-year historical median
Price to Sales (P/S)
0.08
Lower than its 5-year historical median
EV/EBITDA
6.71
Lower than its 5-year historical median
Dividend Yield
0.20%
Profitability Efficiency
Return on Equity (ROE)
20.64%
Outperforms industry median
Return on Capital Employed (ROCE)
17.69%
Outperforms industry median
Return on Assets (ROA)
8.61%
Operating Profit Margin
2.4%
Net Profit Margin
1.18%
Gross Profit Margin
1.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
57.26%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
50.23%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
38.62%
Asset Quality
Promoter Holding
66.97%
Pledged shares (%) of Promoter's holding (%)
44.80%
Reserves
₹133 Cr.
Equity
₹16.1 Cr.
Face Value
₹10
All Time Low / High
₹14.80 / 576.15

Northern Spirits stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Weak
Q.1 Is Northern Spirits Ltd a good quality company?
Northern Spirits Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Northern Spirits Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Northern Spirits Ltd vs industry peers?
Northern Spirits Ltd revenue CAGR is 64.59%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Northern Spirits Ltd?
Promoters hold 66.97% of the Northern Spirits Ltd, with 44.80% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Northern Spirits Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 38.28% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Northern Spirits Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -7.9%27.5%21.4%41.4%8.7%7.1%9.8%14.3%15.1%17.7%-
Value Creation
Index
-1.61.00.52.0-0.4-0.5-0.30.00.10.3-

Growth Parameters

Sales 3.217.325.91101611532689051,2351,9432,309
Sales YoY Gr.-437.9%49.4%326.3%45.8%-4.9%75%238.3%36.5%57.3%-
Adj EPS -6.26.64.38.62.31.93.76.910.314.316.9
YoY Gr.-NA-35%100.7%-73.6%-18.1%102.2%85.6%48.9%38.5%-
BVPS (₹) 25.538.726.635.139.541.3455262.376.492.9
Adj Net
Profit
-0.50.5110.13.63611.116.62327
Cash Flow from Ops. 10.8-6.9-50.4-12.2-100.1-22.2-29.3-6.7-
Debt/CF from Ops. 1.92.1-0.7-0.9-3.5-5.7491.3-4.3-4.7-25.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 103.7%64.6%93.6%57.3%
Adj EPS NA44.7%56.4%38.5%
BVPS13%14.1%19.3%22.6%
Share Price - 38.7% -21.6% -37.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-9240.925.842.36.94.68.714.318.120.620
Op. Profit
Mgn %
-13.34.96.418.35.35.34.82.52.52.42.2
Net Profit
Mgn %
-15.73.149.12.31.92.21.21.31.21.2
Debt to
Equity
1.91.10.81.10.70.90.91.11.41.40
Working Cap
Days
1958612714617924215858564427
Cash Conv.
Cycle
70328212415219312853534310

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales317261101611532689051,2351,943
Operating Expenses + 41624901521452558831,2041,896
Manufacturing Costs005111315295767115
Material Costs31316761271232198141,1191,758
Employee Cost 0111222244
Other Costs 1233105491519
Operating Profit -012208813233146
Operating Profit Margin (%) -13.5%4.9%6.3%18.3%5.2%5.3%4.8%2.5%2.5%2.4%
Other Income + 0000000011
Exceptional Items 0000000000
Interest 00053458916
Depreciation 0000000000
Profit Before Tax -11115548152231
Tax 0005112468
Profit After Tax -11110436111723
PAT Margin (%) -15.8%3.1%3.9%9.1%2.3%1.9%2.2%1.2%1.3%1.2%
Adjusted EPS (₹)-6.36.64.28.62.31.93.76.910.314.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%2.40%2.10%

Valuation of Northern Spirits - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1264163667283100123
Share Capital 00112161616161616
Reserves 115294750566784107
Debt +2254543576895134168
Long Term Debt22000810842
Short Term Debt0054543505887130166
Minority Interest0000000000
Trade Payables1331000000
Others Liabilities 4766212454
Total Liabilities 8132194108125142183239295

Fixed Assets

Net Fixed Assets +45511101010101112
Gross Block45511111111121213
Accumulated Depreciation0000111112
CWIP 0000000000
Investments 0000000000
Inventories13633393741516083
Trade Receivables14837404763107143167
Cash Equivalents 1004551071726
Others Assets 1119152618797
Total Assets 8132194108125142183239295

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 11-7-50-12-100-22-24-7
PBT -11115548152231
Adjustment 00053458916
Changes in Working Capital 10-9-71-21-18-13-45-55-54
Tax Paid -0-00-0000000
Cash Flow From Investing Activity + -10-0-600-0-0-0-1
Capex -0-1-0-600-0-0-0-1
Net Investments -0100000000
Others 0000000000
Cash Flow From Financing Activity + -1-0220154-31043417
Net Proceeds from Shares 100251800000
Net Proceeds from Borrowing -0-0-20082112-4-2
Interest Paid -0-0-0-5-3-4-5-8-9-16
Dividend Paid 000000000-0
Others -104-0-000-04735
Net Cash Flow -00-5-363-7-381109

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-92.8440.9325.4842.246.914.588.6614.318.0720.64
ROCE (%)-7.8827.4621.3541.378.737.149.8414.2515.117.69
Asset Turnover Ratio0.562.171.972.091.751.3125.575.867.28
PAT to CFO Conversion(x)N/A1-7-5-3-3.330-2-1.41-0.3
Working Capital Days
Receivable Days9341.7069.5069.9079.501037534.3036.9029.10
Inventory Days75.5031.3049.7060.5074.5090.805318.6016.5013.40
Payable Days74.505263.5010.202.700.500000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *44.8044.8044.8044.8044.8044.8044.8044.8044.8044.80
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Northern Spirits Ltd FAQs

The current trading price of Northern Spirits on 12-Jun-2026 16:59 is ₹120.7.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Jun-2026 the market cap of Northern Spirits stood at ₹193.7 Cr

The latest P/E ratio of Northern Spirits as of 11-Jun-2026 is 7.14.

The latest P/B ratio of Northern Spirits as of 11-Jun-2026 is 1.30.

The 52-week high of Northern Spirits is ₹222.5 and the 52-week low is ₹96.60.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Northern Spirits is ₹2,309 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Northern Spirits Ltd is a average quality company.

The key valuation ratios of Northern Spirits Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Northern Spirits Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Northern Spirits Ltd

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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