MoneyWorks4Me

Nirlon Ltd (NIRLON)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500307 NSE: NIRLON Engineering - Construction | Small Cap | Nirlon Share Price

₹601 -7.40 (-1.22%)

As on 15-Sep'26 16:59

Nirlon Ltd (NIRLON)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500307 NSE: NIRLON Engineering - Construction | Small Cap | Nirlon Share Price

₹601 -7.40 (-1.22%)

As on 15-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹5,483 Cr.
Current Price
₹601
52-Week Low / High
₹445 / 664
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
24.5
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
5.2%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
67.65%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹90.1 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 664.20

Nirlon stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Semi Strong
Q.1 Is Nirlon Ltd a good quality company?
Nirlon Ltd is a weak quality company, based on a inconsistent 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 Nirlon Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Nirlon Ltd vs industry peers?
Nirlon Ltd revenue CAGR is %, compared to the industry median CAGR of 3.11%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Nirlon Ltd?
Promoters hold 67.65% of the Nirlon Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Nirlon Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.5% 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.
Nirlon Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 16.2%16%16%13.5%12.8%14%22.4%27.7%30.1%30.8%-
Value Creation
Index
0.20.10.10.0-0.100.61.01.21.2-

Growth Parameters

Sales 288291299310317384573603636669674
Sales YoY Gr.-1.1%2.7%3.8%2.2%21.2%49.2%5.3%5.5%5.2%-
Adj EPS 5.76.37.112.314.112.317.522.824.338.439.6
YoY Gr.-11.7%12.4%73.6%14.5%-12.6%42.4%30.1%6.4%58.2%-
BVPS (₹) 41.43339.150.463.75344.641.439.65259.7
Adj Net
Profit
50.956.863.9111127111158206219346357
Cash Flow from Ops. 217212224311209340377425480477-
Debt/CF from Ops. 2.82.93.83.24.73.532.72.42.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.8%16.1%5.3%5.2%
Adj EPS 23.7%22.2%29.8%58.2%
BVPS2.6%-4%5.3%31.3%
Share Price 11.4% 13.9% 12.5% 11.3%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
5.61719.727.524.721.135.953.159.983.870.9
Op. Profit
Mgn %
77.176.475.875.274.877.68079.179.277.977.5
Net Profit
Mgn %
17.719.621.435.840.128.927.634.134.451.752.9
Debt to
Equity
1.62.12.42.21.72.52.93.13.22.5-
Working Cap
Days
1421831972001961901208916625191
Cash Conv.
Cycle
-20-19-24-25-26-44-43-38-42-4530

Valuation of Nirlon - Consolidated

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

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

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

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

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

data not found
No data found!
data
No data found!
data
No data found!
data
No data found!

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Nirlon Ltd FAQs

The current trading price of Nirlon on 15-Sep-2026 16:59 is ₹601.0.

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 14-Sep-2026 the market cap of Nirlon stood at ₹5,482.8 Cr

The latest P/E ratio of Nirlon as of 14-Sep-2026 is 15.36.

The latest P/B ratio of Nirlon as of 14-Sep-2026 is 10.19.

The 52-week high of Nirlon is ₹664.2 and the 52-week low is ₹445.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nirlon is ₹674 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Nirlon Ltd is a below average quality company.

The key valuation ratios of Nirlon Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nirlon Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

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
You have 49 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now