Nirlon Ltd (NIRLON) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500307 | NSE: NIRLON | Engineering - Construction | Small Cap

Nirlon Share Price

488.45 -5.95 -1.20%
as on 05-Dec'25 16:59

Nirlon Ltd (NIRLON) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500307 | NSE: NIRLON | Engineering - Construction | Small Cap

DeciZen - make an informed investing decision on Nirlon

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Nirlon stock performance -

Key Ratios
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P/E Ratio (SA):
14.01
Market Cap:
4,455.4 Cr.
52-wk low:
416.1
52-wk high:
615

Is Nirlon Ltd an attractive stock to invest in?


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10 Year X-Ray of Nirlon: Login to view analysis.

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.
Nirlon Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 14.9%16.2%16%16%13.5%12.8%14%22.4%27.7%30.1%-
Value Creation
Index
0.10.20.10.10.0-0.100.61.01.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 289288291299310317384573603636648
Sales YoY Gr.--0.4%1.1%2.7%3.8%2.2%21.2%49.2%5.3%5.5%-
Adj EPS 55.76.37.112.314.112.317.522.824.335.3
YoY Gr.-12.1%11.7%12.4%73.6%14.5%-12.6%42.4%30.1%6.4%-
BVPS (₹) 31.141.43339.150.463.75344.641.439.651.5
Adj Net
Profit
45.450.956.863.9111127111158206219318
Cash Flow from Ops. 205217212224311209340377425480-
Debt/CF from Ops. 3.22.82.93.83.24.73.532.72.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.2%15.5%18.3%5.5%
Adj EPS 19.1%14.5%25.3%6.4%
BVPS2.7%-4.7%-9.3%-4.3%
Share Price 10.5% 12.8% 9.7% 13.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.25.61719.727.524.721.135.953.159.977.5
Op. Profit
Mgn %
77.377.176.475.875.274.877.68079.179.278.9
Net Profit
Mgn %
15.717.719.621.435.840.128.927.634.134.449.1
Debt to
Equity
2.41.62.12.42.21.72.52.93.13.22.5
Working Cap
Days
102142183197200196190120899876
Cash Conv.
Cycle
-23-20-19-24-25-26-44-43-38-424

Recent Performance Summary

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Latest Financials - Nirlon Ltd.

Standalone Consolidated
TTM EPS (₹) 35.3 -
TTM Sales (₹ Cr.) 648 -
BVPS (₹.) 51.5 -
Reserves (₹ Cr.) 374 -
P/BV 9.60 -
PE 14.01 -
From the Market
52 Week Low / High (₹) 416.05 / 615.00
All Time Low / High (₹) 1.00 / 615.00
Market Cap (₹ Cr.) 4,455
Equity (₹ Cr.) 90.1
Face Value (₹) 10
Industry PE 29.6

Management X-Ray of Nirlon:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Nirlon - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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Key Ratios of Nirlon

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales289288291299310317384573603636
Operating Expenses 65667173798087115126133
Manufacturing Costs34394142424145637278
Material Costs0000000000
Employee Cost 8665555556
Other Costs 23222426323437474949
Operating Profit 223222220226231237297458477503
Operating Profit Margin (%) 77.3%77.1%75.7%75.7%74.5%74.8%77.4%80.0%79.1%79.1%
Other Income 1531123349
Interest 72786670321435126123117
Depreciation 807172595349751035656
Exceptional Items -3000000000
Profit Before Tax 69788599146177190233302338
Tax 262730353750797596120
Profit After Tax 44515664109127111158206218
PAT Margin (%) 15.1%17.8%19.2%21.3%35.3%40.2%28.9%27.6%34.1%34.3%
Adjusted EPS (₹)4.85.76.27.112.214.112.317.522.824.2
Dividend Payout Ratio (%)16%13%12%11%6%57%211%148%114%107%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 1,456373297352454574478402373357
Share Capital 90909090909090909090
Reserves 1,366283207262364484388312283267
Minority Interest0000000000
Debt5965296118539899781,0941,1451,1461,146
Long Term Debt5815146118539639781,0941,1451,1461,146
Short Term Debt1515002600000
Trade Payables97889726171321
Others Liabilities 310323257306427452737538594718
Total Liabilities 2,3711,2311,1731,5201,8782,0122,3352,1012,1262,243

Fixed Assets

Gross Block2,608111111111
Accumulated Depreciation357000000000
Net Fixed Assets 2,251111000000
CWIP 26551415599481,14013639
Investments 0000000000
Inventories0000000000
Trade Receivables4432423334
Cash Equivalents 4173851331002361174
Others Assets 871,1549919529138672,2182,0692,0592,056
Total Assets 2,3711,2311,1731,5201,8782,0122,3352,1012,1262,243

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 205217212224311209340377425480
PBT 69788599146177190233302338
Adjustment 1541481411359776124186178174
Changes in Working Capital -2671796-115613026
Tax Paid -15-15-21-27-28-32-30-55-55-58
Cash Flow From Investing Activity -75-63-118-405-325-120-159-90-51-38
Capex -76-64-119-405-326-121-161-85-55-46
Net Investments 00-0-100000-0
Others 1121112-648
Cash Flow From Financing Activity -136-140-7414822-100-86-365-337-332
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -69-541724311015200-3300
Interest Paid -75-78-68-87-104-83-79-98-103-98
Dividend Paid -8-8-7-7-7-7-207-234-234-234
Others 16-0-16-123-250000
Net Cash Flow -61420-338-1095-7937110

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)16.5915.6416.6319.6127.1624.7821.0635.953.0659.78
ROCE (%)14.8516.2115.9715.9513.4912.751422.3727.7330.14
Asset Turnover Ratio0.120.160.240.220.180.160.180.260.290.29
PAT to CFO Conversion(x)4.664.253.793.52.851.653.062.392.062.2
Working Capital Days
Receivable Days4543432222
Inventory Days0000000000
Payable Days0000000000

Nirlon Ltd Stock News

Nirlon Ltd FAQs

The current trading price of Nirlon on 05-Dec-2025 16:59 is ₹488.4.
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 04-Dec-2025 the market cap of Nirlon stood at ₹4,455.4.
The latest P/E ratio of Nirlon as of 04-Dec-2025 is 14.01.
The latest P/B ratio of Nirlon as of 04-Dec-2025 is 9.60.
The 52-week high of Nirlon is ₹615.0 and the 52-week low is ₹416.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nirlon is ₹647.7 ( Cr.) .

About Nirlon Ltd

The company was incorporated on March 12, 1958 at Mumbai as a private limited company under the name of Nanubhai Industries. Nirlon is mainly engaged in manufacturing and marketing of tyre cord yarn, tyre cord fabric, industrial fabric, nylon chips, conveyor belts and fan and V-belts. The company also operates in real estate business. On March 13, 1963, Nirlon’s status was converted from private limited to a public limited company.

The company is engaged in manufacturing nylon (textile) filament yarn polyester filament yarn nylon tyre cord nylon tyre fabrics conveyor belts and fan and V-belts. The name of the company was changed to Nirlon Synthetics Fibres and Chemicals on 10th October 1962. The company's nylon textile yarn plant went into production in December 1982.

In 1988 the company had registered with Board for Financial and Industrial Reconstruction (BIFR). The rehabilitation scheme was sanctioned in the year of 1993. During the financial year 2005-06, Nirlon had substantially completed its implementation of rehabilitation scheme and BIFR vide it’s order dated 6th October, 2006 deregistered the company from the list of companies under Sick Industrial Companies (Special Provisions) Act 1985 (SICA). In view of this, the company is no longer a sick industrial unit under BIFR.

In the year 1999 Nirlon made its entry into the real estate business and offered its idle/surplus/factory premises at its Goregaon complex to leading corporates.

In the year 2000 the company formed a joint venture company for its Conveyor Belting Division having its manufacturing facility at Roha with a large, integrated, global player in belting production, further it retains 26% of JV Equity.

Other businesses of the company include:

INDUSTRIAL-FABRIC - Nirlon makes industrial fabrics, which can be used for applications such as belting, tarpaulins, grey textiles etc. Some of the deniers that are used for industrial fabric manufacturing are: 210, 420, 840, 1260, 1680 and 1890 Deniers. Belting fabric is presently being largely marketed by its C-Belt Joint Venture Company, Sempertrans Nirlon (P) where Nirlon owns 26% equity.

CONVEYOR-BELTS- Nirlon started manufacturing synthetic and cotton fabric reinforced rubber conveyor belts in 1978 at Roha. Like many other original initiatives, the introduction of synthetic fabric reinforced conveyor belt was the first of its kind in India. Sempertrans Nirlon makes conveyor belts of width ranging from 500mm to 1600mm

V–BELTS- The company manufactures a full range of wrap type, polyester reinforced V-Belts as per international standards. Its V-belts have carved out a niche in the industry through the years by their consistent quality, performance, availability, and service. Nirlon’s in-house R&D support has allowed upgrading belt quality and specifications to suit the requirements of changing times.

Milestones Achieved

  • 1962 – Nylon Textile production started. 
  • 1971 – Nylon Tyrecord production started. 
  • 1974 – Nylon Polyester production started. 
  • 1978 – Nirlon diversified into manufacture of Industrial Rubber Belting products,   i.e. Conveyor Belts & V-Belts at a new location in Roha, Dist. Raigad.
  • 1984 – Major expansion of the Nylon Tyrecord facility at a new location in Tarapur. 
  • 1985 – Company pays 22nd consecutive year of dividend. 
  • 1986 – Board for Financial and Industrial Rehabilitation. 
  • 1988 – Company registered with BIFR 
  • 1993 – Rehabilitation scheme sanctioned. 
  • 1995 – Exits from Polyester Filament Yarn business - man power reduction achieved through VRS. 
  •  1996 – State-of-the-art spin draw technology plant for tyrecord commissioned. 
  • 1999 – Nirlon’s entry into the real estate business – offers its idle/surplus/factory premises at its Goregaon complex to leading corporates.
  • 1999 – Modification to rehabilitation Scheme approved. 
  • 1999 – Nirlon exits from Nylon Textile Filament Yarn business.
  •  2000 – Forms a Joint Venture company for its Conveyor Belting Division having its manufacturing facility at Roha with a large, integrated, global player in belting production.  â€“ Retains 26% of JV equity.
  • 2000 – Acquires ISO9002 accreditation by Dutch Council for Certification   for Nylon Tyrecord division.
  • 2000 – Man-power rationalization for Tyrecord facility. 
  • 2003 – Factory Building areas of 350,000 sq.ft. licensed at Goregaon complex. 
  •  2003 – Completes repayment of Secured loans & Public Debentures as per   the BIFR Rehabilitation Scheme.
  • 2004 – Phase out of Tyrecord manufacturing at Goregaon. 
  • 2005 – Additional building area of 150,000 sq.ft. licensed at Goregaon. Further amendments to Rehabilitation Scheme approved.
  • FY 2005-06 – Company achieves profit after depreciation and substantially completes   implementation of Rehabilitation Scheme.
  • 2006-07 – BIFR vide it’s order dated 6th October, 2006 deregistered the Company from the  list of companies under Sick Industrial Companies (Special Provisions) Act 1985 (SICA).  In view of this, the company is no longer a sick industrial unit under BIFR, or, as per the Sick Industrial Companies (Special Provisions) Act 1985.
  •  2007–08 – Development of IT Park at Goregaon commences.
  • 2010 -   Nirlon Ltd won Smart Living Awards for
    i.   Best Safest Project.
    ii.  Best Corporate Spaces - SEZ's & IT Parks.
    iii. Best Green Project - Commercial.
  • 2012 -   Nirlon Ltd won International Property Awards Asia Pacific for
    i.  Best Commercial Renovation / Redevelopment, India
    ii. Best Commercial Renovation / Redevelopment, Asia Pacific
  • 2013 -  Nirlon Ltd won Worldwide Achievers ‘Real Estate Award 2013
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