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Nirlon Ltd share Price Today

Company details

429.45
436.45
370.15
475.05
6M Return 5.81%
1Y Return 9.49%
Mkt Cap.(Cr) 3,911.12
Volume 15,421
Div Yield 6.01%
OI
-
OI Chg %
-
Volume 15,421

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Realty firm Nirlon announced Q1FY23 Result :

  • Barclays renewed approx. 94,000 sq.ft. of its space due for renewal/expiry in FY23
  • Anunta renewed approx. 13,000 sq.ft. of its space due for renewal/expiry in FY23.
  • Growth Source licensed an additional approx. 5,000 sq.ft. at NKP; F&B operators renewed approx. 1,600 sq.ft. at NKP and two parties licensed approx. 3,200 sq.ft. (Nirlon’s 75% share) at Nirlon House.
  • As on 30 June 2022, approx. 90,000 sq.ft. area was vacant. Of this vacant area, the Company has signed an LOI for approx. 37,000 sq.ft.
  • Cultfit (support services - gym operator) has given notice to vacate approx. 6,000 sq.ft. in September 22.
  • Total secured debt facility sanctioned by HSBC is 1230 cr. which includes an OD facility.
  • Debt outstanding as on 30 June 2022 from HSBC Bank was Rs. 1150 cr.
  • Crisil has assigned ‘CRISIL AA /Stable’ rating to this facility.
  • The financials for Q1-FY23 have significant variations from Q4 FY22 due to the following key changes:
  • One Time Expenses incurred in Q1-FY23 of Rs. 2507 lakhs on account of refinancing of the Company’s loan included in Finance Cost and an additional Rs. 86 lakhs included in Other Expenses.
  • Other Expenses also include:
    • CSR expenses of Rs. 342 lakhs for the full FY 23 provided in Q1 FY23 as per statutory requirements
    • Marketing Fees of Rs. 350 lakhs for a renewal which is entirely charged to P&L (due to no lock-in), as against other renewals where Marketing Fees are amortized over the lock-in period of the license.
  • To maintain flexibility for any future restructuring opportunities, the Company continues under the old Tax Regime as the decision to change to the new tax regime is irrevocable.

 

Result PDF

View Other Company Results

Nirlon Ltd shares SWOT Analysis

Strengths (8)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (5)

  • Promoter holding decreased by more than -2% QoQ
  • Companies with High Debt
  • Companies with Increasing Debt

Opportunity (1)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE

Threats (2)

  • Promoter decreasing their shareholding
  • Big Deal (Insider and SAST) sells last month greater than 1% of total shares

Resistance and support

R1 436.3
R2 439.9
R3 443.3
Pivot

432.88

S1 429.3
S2 425.9
S3 422.3
EMA SMA
436.7
434.5
429.5
420.1
437.7
433.1
428.8
421.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ICICI PRUDENTIAL MUTUAL FUND Bulk Purchase 2024-04-30 430 1778744 BSE
ICICI PRUDENTIAL MUTUAL FUND Bulk Purchase 2024-04-30 430 800000 BSE
ICICI PRUDENTIAL MUTUAL FUND Bulk Purchase 2024-04-30 430 800000 BSE
Name Category Shares
RAHUL V SAGAR PROMOTER 1.48%
RAJANI MANHAR BHAGAT PROMOTER 0.75%
RECO BERRY PRIVATE LIMITED PROMOTER 63.92%
DELTRON PTE LTD PROMOTER 1.02%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Nirlon Ltd Stocks COMPARISON

Financials( in Cr) Nirlon Ltd DLF Ltd Godrej Properties Ltd Oberoi Realty Ltd Prestige Estates Projects Ltd
Price 434.00 848.75 2,852.80 1,742.80 1,561.40
% Change 0.18 2.80 1.12 10.71 1.06
Mcap Cr 3,911.12 210,092.11 79,319.54 63,368.56 62,590.59
Revenue TTM Cr 572.65 5,694.83 2,252.26 4,192.58 8,315.00
Net Profit TTM Cr 157.92 1,100.92 620.60 1,904.55 1,066.80
PE TTM 18.97 77.03 109.42 32.86 36.91
1 Year Return 9.49 81.30 105.46 76.59 206.85
ROCE 19.83 4.51 5.64 16.00 10.43
ROE 35.90 2.97 5.80 16.83 8.57
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 401.80 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,581.63 -35,822.31
LAST 3M 105,886.10 -42,131.07
LAST 6M 173,680.57 48,055.67
LAST 12M 265,486.86 128,722.00
Board of Nirlon recommends Final Dividend

May 15, 2024 l BSE Announcement

Board Meetings Forthcomming

May 15, 2024 l Board Meetings Forthcomming

Board Meeting for Today

May 15, 2024 l Board Meetings for Today

Date Action Type Ratio
Feb 23, 2024 Dividend 150
Sep 04, 2023 Dividend 110
Feb 17, 2023 Dividend 150

Nirlon Ltd Information

Stock PE (TTM)
18.97
Promoter Holding
67.84%
Book Value
41.3948
ROCE
19.83%
ROE
35.9%
Description
  • Nirlon Limited (Nirlon), a multi-product company was incorporated on 12th March 1958 as a private limited. The Company is in the business of development and managing an Industrial Park. The Company is making a real estate play and other business of the company includes manufacturing of industrial fabrics used in belting, tarpaulins, and grey textiles in India. It offers a range of wrap type, polyester reinforced V-belts, also engages in dipping tyrecord fabric and industrial fabric, as well as in the manufacture and job work of griege tyrecord and industrial fabric. It has a joint venture with Semperit A.G for produce synthetic and cotton fabric reinforced rubber conveyor belts. The manufacturing units of the Company are located in Mumbai, Thane and Raigad. Nylon Textile production was started by the company in the year 1962. On 13th March 1963, Nirlon`s status was converted from private limited to a public limited company. Nylon Tyrecord and Nylon Polyester production of the company were started in 1971 and 1974 respectively. During the year 1978, Nirlon had diversified into manufacture of Industrial Rubber Belting products i.e. Conveyor Belts & V-Belts at a new location in Roha, District Raigad. The Company made major expansion of the Nylon Tyrecord facility at a Tarapur in the year 1984. After four years, 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 year 1995, Nirlon had exits from Polyester Filament Yarn business. State-of-the-art spin draw technology plant for Tyrecord of the company was commissioned in the year of 1996. The year 1999 was notable one in the Nirlon`s saga; the company made its entry into the Real Estate business and offered its idle/surplus/factory premises at its Goregaon complex to Leading Corporates. Modification to rehabilitation scheme was approved in the year of 1999. During the same year of 1999, the company came out from the Nylon Textile Filament Yarn business. In 2000, Nirlon had formed a Joint Venture (JV) company for its conveyor belting division having its manufacturing facility at Roha with a large, integrated, global player in belting production. Nylon Tyrecord division of the company obtained an ISO9002 accreditation from the Dutch Council for Certification in the same year of 2000. The factory building of the company areas of 350,000 sq.ft had licensed at Goregaon complex in the year of 2003. During the year 2004, the company had phased out the Tyrecord manufacturing facility at Goregaon. Additional building area of the company, which covers 150,000 sq.ft, was licensed at Goregaon in the year 2005. During the financial year of 2005-06, Nirlon had substantially completed its implementation of rehabilitation scheme. During the year 2006-07, BIFR had deregistered the company from the list of companies under Sick Industrial Companies, in view of this; the company is no longer a sick industrial unit under BIFR. In 2007-08, the company had commenced its development of IT Park at Goregaon. Nirlon has decided to phase out its V-Belt division in the financial year 2008-2009 and the assets of the division including fixed and net current assets will be monetized. The Company has scheduled to begin development and construction of a further two phases in NKP in 2009-2010, depending on the progress of Phase 1 and Phase 2 and also planned to complete the same in 2011-2012. This would create approximately 2.8 million sq. ft. built-up area at Goregaon. The civil construction for Phase 2 was completed by August 2009. In March 2009, the Company sold its 26% equity stake in its conveyor belting joint venture company, Sempertrans Nirlon Pvt. Ltd. (SNPL), for a net consideration of Rs.12 crore. The construction of Phase 1, i.e. Buildings Blocks B 1, 2 and 3 as well as the Multi Level Car Park (MLCP) was completed during 2009-10. In the April-August 2009 period, the Company commenced delivery of these Phase 1 premises to its licensees for their fitout work. It completed construction of the Phase 2 Building Block B-7, and has commenced delivery of these premises to its licensees in stages for their fit out work from July 2010. The Company commenced construction of its Phase 3 development (approx. 5.57 lac sq. ft. of constructed area corresponding to approx. 3.90 lac sq.ft. of licensable area).` On February 6, 2014, the Board of Directors Company issued and allotted 1,76,34,798 of Equity Shares of Rs 10/- each at premium of Rs 33.76 per share to Promoters and entities other than Promoters on a Preferential basis, which got listed on the BSE Limited effective from February 13, 2014. During the F.Y. ended March 31, 2022, the Company completed the construction of Phase 5 at Nirlon Knowledge Park and licensed the same w.e.f. December 15, 2021.

Registered Address

Western Express Highway, Pahadi Village Goregaon (E), Mumbai, Maharashtra, 400063

Tel : 91-22-40281919/2685 2257/59/59
Email : info:nirlonltd.com
Website : http://www.nilonltd.com
Registrar

Sharepro Services India P Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500307
NSE Code : NIRLON
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE910A01012

FAQ’s on Nirlon Ltd Shares

You can buy Nirlon Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Nirlon Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 04:01 PM the closing price of Nirlon Ltd was Rs.434.00.

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 May 17, 2024 04:01 PM, the market cap of Nirlon Ltd stood at Rs. 3,911.12.

The latest PE ratio of Nirlon Ltd as of May 17, 2024 04:01 PM is 18.97

The latest PB ratio of Nirlon Ltd as of May 17, 2024 04:01 PM is 0.10

The 52-week high of Nirlon Ltd share price is Rs. 475.05 while the 52-week low is Rs. 370.15

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