Is Northern Spirits Ltd (542628) a good quality company?

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

Is Northern Spirits Ltd (542628) undervalued or overvalued?

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

What is Northern Spirits Ltd (542628) share price return in the past 10 years?

Data is not available for this company

Is Northern Spirits Ltd (542628) a good buy now?

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.

What is the share price of Northern Spirits Ltd (542628)?

Company share prices are keep on changing according to the market conditions. The current trading price of Northern Spirits Ltd (542628) on 10-Apr-2026 16:59:59 at 16:59 is 127.61.

What is the P/E ratio of Northern Spirits?

The latest standalone P/E ratio of Northern Spirits as of 10-Apr-2026 is 8.45.

What is the P/B ratio of Northern Spirits Ltd (542628)?

The latest standalone P/B ratio of Northern Spirits Ltd (542628) as of 10-Apr-2026 is 1.42.

What is the 52-week high and low of Northern Spirits Ltd (542628)?

The 52-week high of Northern Spirits Ltd (542628) is Rs. 239.00 and the 52-week low is Rs. 96.60.

Northern Spirits Ltd (542628) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Northern Spirits Ltd (542628)
Brand: Northern Spirits

Northern Spirits Ltd (542628) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Key Metrics

Market Cap

₹205 Cr.

P/E Ratio

8.45

Price to Book (P/B)

1.42

Price to Sales (P/S)

0.09

EV/EBITDA

7.82

Return on Capital Employed (ROCE)

17.69%

Current Price

₹127.6

Return on Equity (ROE)

20.64%

Return on Assets (ROA)

8.61%

Operating Profit Margin

2.4%

Net Profit Margin

1.18%

Gross Profit Margin

1.6%

Book Value per Share

₹89.9

Sales Growth (YoY)

57.26%

Sales Growth (3 Years)

93.62%

Operating Profit Growth (1 Year)

50.23%

Operating Profit Growth (3 Years)

53.08%

Net Profit Growth (1 Year)

38.62%

52-Week Low / High

₹97 / 239

Net Profit Growth (3 Years)

56.41%

Dividend Yield

0.20%

Promoter Holding

66.97%

Pledged shares (%)
of Promoter's holding (%)

44.80%

Check Before You Invest

Q.1

Northern Spirits Ltd belongs to the Miscellaneous sector, operating specifically within the Trading segment.

Q.1 Gross Profit margin of Northern Spirits Ltd?

Northern Spirits Ltd Gross profit margin which is the profit after deduction of direct costs, is 1.6% for FY-2025 , which is above its 5 year median of 0% , indicating increasing margins.

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 Revenue growth of Northern Spirits Ltd vs industry peers?

Northern Spirits Ltd revenue CAGR is 64.59% , compared to the industry median CAGR of 17.75% , indicating faster growth and gaining its market share.

Q.1 Stock return of Northern Spirits Ltd over the last decade?

Over the last 9 years, the stock has delivered a CAGR of 0% based on the current price.

Q.1 Is Northern Spirits Ltd a good quality company?

Northern Spirits Ltd is a quality company, based on a 10 year financial track record .

DeciZen - make an informed investing decision on Northern Spirits

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

3. Price Trend

Northern Spirits stock performance

Key Ratios

Is Northern Spirits Ltd an attractive stock to invest in?

10 Year X-Ray : 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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-7.9%	27.5%	21.4%	41.4%	8.7%	7.1%	9.8%	14.3%	15.1%	17.7%	-
Value Creation Index ⓘ	-1.6	1.0	0.5	2.0	-0.4	-0.5	-0.3	0.0	0.1	0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	3.2	17.3	25.9	110	161	153	268	905	1,235	1,943	2,160
Sales YoY Gr.	-	437.9%	49.4%	326.3%	45.8%	-4.9%	75%	238.3%	36.5%	57.3%	-
Adj EPS ⓘ	-6.2	6.6	4.3	8.6	2.3	1.9	3.7	6.9	10.3	14.3	15.1
YoY Gr.	-	NA	-35%	100.7%	-73.6%	-18.1%	102.2%	85.6%	48.9%	38.5%	-
BVPS (₹) ⓘ	25.5	38.7	26.6	35.1	39.5	41.3	45	52	62.3	76.4	89.9
Adj Net Profit ⓘ	-0.5	0.5	1	10.1	3.6	3	6	11.1	16.6	23	24
Cash Flow from Ops. ⓘ	1	0.8	-6.9	-50.4	-12.2	-10	0.1	-22.2	-29.3	-6.7	-
Debt/CF from Ops. ⓘ	1.9	2.1	-0.7	-0.9	-3.5	-5.7	491.3	-4.3	-4.7	-25.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	103.7%	64.6%	93.6%	57.3%
Adj EPS ⓘ	NA	44.7%	56.4%	38.5%
BVPSⓘ	13%	14.1%	19.3%	22.6%
Share Price	-	48%	-21.4%	-22.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-92	40.9	25.8	42.3	6.9	4.6	8.7	14.3	18.1	20.6	18.2
Op. Profit Mgn % ⓘ	-13.3	4.9	6.4	18.3	5.3	5.3	4.8	2.5	2.5	2.4	2.1
Net Profit Mgn % ⓘ	-15.7	3.1	4	9.1	2.3	1.9	2.2	1.2	1.3	1.2	1.1
Debt to Equity ⓘ	1.9	1.1	0.8	1.1	0.7	0.9	0.9	1.1	1.4	1.4	-
Working Cap Days ⓘ	195	86	127	146	179	242	158	58	56	44	27
Cash Conv. Cycle ⓘ	70	32	82	124	152	193	128	53	53	43	11

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	15.1	-
TTM Sales (₹ Cr.)	2,160	-
BVPS (₹) ⓘ	89.9	-
Reserves (₹ Cr.) ⓘ	128	-
P/BV ⓘ	1.42	-
PE ⓘ	8.45	-

From the Market
52 Week Low / High (₹)	96.60 / 239.00
All Time Low / High (₹)	14.80 / 576.15
Market Cap (₹ Cr.)	205
Equity (₹ Cr.)	16.1
Face Value (₹)	10
Industry PE ⓘ	24.2

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

44.80

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

Valuation of Northern Spirits - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	3	17	26	110	161	153	268	905	1,235	1,943
Operating Expenses ⓘ +	4	16	24	90	152	145	255	883	1,204	1,896
Manufacturing Costs	0	0	5	11	13	15	29	57	67	115
Material Costs	3	13	16	76	127	123	219	814	1,119	1,758
Employee Cost	0	1	1	1	2	2	2	2	4	4
Other Costs ⓘ	1	2	3	3	10	5	4	9	15	19
Operating Profit ⓘ	-0	1	2	20	8	8	13	23	31	46
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 ⓘ +	0	0	0	0	0	0	0	0	1	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	0	0	0	5	3	4	5	8	9	16
Depreciation ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-1	1	1	15	5	4	8	15	22	31
Tax ⓘ	0	0	0	5	1	1	2	4	6	8
Profit After Tax	-1	1	1	10	4	3	6	11	17	23
PAT Margin (%)	-15.8%	3.1%	3.9%	9.1%	2.3%	1.9%	2.2%	1.2%	1.3%	1.2%
Adjusted EPS (₹)	-6.3	6.6	4.2	8.6	2.3	1.9	3.7	6.9	10.3	14.3
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	2%	2%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	1	2	6	41	63	66	72	83	100	123
Share Capital ⓘ	0	0	1	12	16	16	16	16	16	16
Reserves ⓘ	1	1	5	29	47	50	56	67	84	107
Debt +	2	2	5	45	43	57	68	95	134	168
Long Term Debt	2	2	0	0	0	8	10	8	4	2
Short Term Debt	0	0	5	45	43	50	58	87	130	166
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	1	3	3	1	0	0	0	0	0	0
Others Liabilities ⓘ	4	7	6	6	2	1	2	4	5	4
Total Liabilities ⓘ	8	13	21	94	108	125	142	183	239	295
Fixed Assets
Net Fixed Assets ⓘ +	4	5	5	11	10	10	10	10	11	12
Gross Block	4	5	5	11	11	11	11	12	12	13
Accumulated Depreciation	0	0	0	0	1	1	1	1	1	2
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	1	3	6	33	39	37	41	51	60	83
Trade Receivables	1	4	8	37	40	47	63	107	143	167
Cash Equivalents	1	0	0	4	5	5	10	7	17	26
Others Assets ⓘ	1	1	1	9	15	26	18	7	9	7
Total Assets ⓘ	8	13	21	94	108	125	142	183	239	295

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	1	1	-7	-50	-12	-10	0	-22	-24	-7
PBT ⓘ	-1	1	1	15	5	4	8	15	22	31
Adjustment ⓘ	0	0	0	5	3	4	5	8	9	16
Changes in Working Capital ⓘ	1	0	-9	-71	-21	-18	-13	-45	-55	-54
Tax Paid ⓘ	-0	-0	0	-0	0	0	0	0	0	0
Cash Flow From Investing Activity ⓘ +	-1	0	-0	-6	0	0	-0	-0	-0	-1
Capex	-0	-1	-0	-6	0	0	-0	-0	-0	-1
Net Investments	-0	1	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Financing Activity ⓘ +	-1	-0	2	20	15	4	-3	104	34	17
Net Proceeds from Shares ⓘ	1	0	0	25	18	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-0	-0	-2	0	0	8	2	112	-4	-2
Interest Paid ⓘ	-0	-0	-0	-5	-3	-4	-5	-8	-9	-16
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	-0
Others ⓘ	-1	0	4	-0	-0	0	0	-0	47	35
Net Cash Flow ⓘ	-0	0	-5	-36	3	-7	-3	81	10	9

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-92.84	40.93	25.48	42.24	6.91	4.58	8.66	14.3	18.07	20.64
ROCE (%)	-7.88	27.46	21.35	41.37	8.73	7.14	9.84	14.25	15.1	17.69
Asset Turnover Ratio	0.56	2.17	1.97	2.09	1.75	1.31	2	5.57	5.86	7.28
PAT to CFO Conversion(x)	N/A	1	-7	-5	-3	-3.33	0	-2	-1.41	-0.3
Working Capital Days
Receivable Days	93	42	70	70	79	103	75	34	37	29
Inventory Days	75	31	50	60	75	91	53	19	16	13
Payable Days	74	52	64	10	3	1	0	0	0	0

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Northern Spirits Ltd FAQs

The current trading price of Northern Spirits on 10-Apr-2026 16:59 is ₹127.6.

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 09-Apr-2026 the market cap of Northern Spirits stood at ₹204.8 Cr

The latest P/E ratio of Northern Spirits as of 09-Apr-2026 is 8.45.

The latest P/B ratio of Northern Spirits as of 09-Apr-2026 is 1.42.

The 52-week high of Northern Spirits is ₹239.0 and the 52-week low is ₹96.60.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Northern Spirits is ₹2,160 ( Cr.) .

About Northern Spirits Ltd

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Northern Spirits Ltd (542628) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Northern Spirits Share Price