Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,743 | 1,683 | 1,799 | 1,872 | 1,742 | 1,709 | 1,749 | 1,790 | 1,546 | 1,836 | 1,919 | 2,252 |
| Expenses | 1,504 | 1,497 | 1,523 | 1,522 | 1,458 | 1,374 | 1,407 | 1,441 | 1,267 | 1,450 | 1,576 | 1,722 |
| Operating Profit | 239 | 186 | 277 | 351 | 285 | 335 | 342 | 349 | 280 | 385 | 343 | 529 |
| OPM % | 14% | 11% | 15% | 19% | 16% | 20% | 20% | 20% | 18% | 21% | 18% | 24% |
| Other Income | 37 | 61 | 119 | 27 | -2,660 | 36 | 80 | 38 | 69 | 27 | -509 | 34 |
| Interest | 42 | 57 | 91 | 125 | 123 | 126 | 124 | 105 | 98 | 98 | 112 | 91 |
| Depreciation | 67 | 67 | 66 | 58 | 60 | 60 | 61 | 51 | 54 | 56 | 59 | 77 |
| Profit before tax | 167 | 123 | 239 | 195 | -2,559 | 185 | 237 | 231 | 197 | 258 | -337 | 396 |
| Tax % | 26% | 38% | 32% | 37% | 3% | 36% | -20% | 29% | 31% | 27% | 20% | 31% |
| Net Profit | 123 | 76 | 162 | 123 | -2,623 | 119 | 285 | 165 | 136 | 190 | -406 | 271 |
| EPS in Rs | 7.74 | 4.78 | 10.15 | 7.73 | -164.82 | 7.47 | 17.90 | 10.37 | 8.57 | 11.92 | -25.54 | 17.05 |
| Mar 2013 6m | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,223 | 3,691 | 3,940 | 4,550 | 4,762 | 5,677 | 6,214 | 8,560 | 7,268 | 7,073 | 7,091 | 7,553 |
| Expenses | 1,835 | 3,083 | 3,340 | 3,428 | 3,630 | 4,319 | 4,748 | 6,534 | 6,076 | 5,760 | 5,734 | 6,015 |
| Operating Profit | 389 | 608 | 599 | 1,122 | 1,131 | 1,357 | 1,466 | 2,026 | 1,192 | 1,313 | 1,358 | 1,537 |
| OPM % | 17% | 16% | 15% | 25% | 24% | 24% | 24% | 24% | 16% | 19% | 19% | 20% |
| Other Income | 71 | 154 | 63 | 62 | 52 | 114 | 139 | 125 | 244 | -2,518 | -375 | -379 |
| Interest | 74 | 150 | 71 | 72 | 297 | 450 | 427 | 163 | 231 | 497 | 414 | 399 |
| Depreciation | 140 | 222 | 321 | 288 | 254 | 448 | 345 | 376 | 266 | 239 | 220 | 246 |
| Profit before tax | 246 | 390 | 270 | 824 | 632 | 573 | 833 | 1,613 | 939 | -1,942 | 349 | 514 |
| Tax % | 29% | -3% | 5% | 28% | 32% | 27% | 25% | 26% | 27% | 8% | 76% | |
| Net Profit | 174 | 401 | 256 | 590 | 431 | 420 | 621 | 1,198 | 682 | -2,096 | 85 | 191 |
| EPS in Rs | 10.93 | 25.21 | 16.07 | 37.04 | 27.11 | 26.37 | 39.05 | 75.29 | 42.83 | -131.72 | 5.32 | 12.00 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 5% | % | -6% | 8% | ||
| Compounded Profit Growth | -5% | % | -33% | 20% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | % | 7% | 6% |
| Sep 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 80 | 80 | 76 | 76 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 |
| Reserves | 2,667 | 2,849 | 3,071 | 3,376 | 3,723 | 4,164 | 4,570 | 5,208 | 7,437 | 8,122 | 6,017 | 6,105 |
| Borrowings | 1,647 | 1,856 | 2,138 | 1,418 | 1,060 | 5,771 | 5,546 | 5,311 | 2,166 | 5,926 | 5,099 | 4,706 |
| Other Liabilities | 979 | 949 | 937 | 876 | 1,061 | 1,285 | 1,378 | 1,513 | 1,938 | 1,859 | 1,822 | 2,172 |
| Total Liabilities | 5,372 | 5,733 | 6,222 | 5,746 | 5,918 | 11,293 | 11,568 | 12,106 | 11,614 | 15,980 | 13,011 | 13,056 |
| Fixed Assets | 2,164 | 2,063 | 2,006 | 2,776 | 2,865 | 4,232 | 4,108 | 4,394 | 3,298 | 3,115 | 3,071 | 3,459 |
| CWIP | 211 | 272 | 172 | 348 | 626 | 154 | 534 | 749 | 268 | 483 | 599 | 545 |
| Investments | 976 | 954 | 955 | 661 | 742 | 4,607 | 4,607 | 4,551 | 5,222 | 10,052 | 6,852 | 6,591 |
| Other Assets | 2,022 | 2,444 | 3,089 | 1,961 | 1,685 | 2,300 | 2,320 | 2,412 | 2,825 | 2,330 | 2,489 | 2,460 |
| Total Assets | 5,372 | 5,733 | 6,222 | 5,746 | 5,918 | 11,293 | 11,568 | 12,106 | 11,614 | 15,980 | 13,011 | 13,056 |
| Sep 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 696 | 171 | 539 | 711 | 1,243 | 956 | 1,327 | 1,436 | 1,601 | 1,293 | 1,242 | 1,443 |
| Cash from Investing Activity | -755 | -99 | -23 | -494 | -577 | -4,862 | -659 | -742 | -1,099 | -4,705 | 323 | -671 |
| Cash from Financing Activity | 30 | -84 | -497 | -242 | -634 | 3,921 | -707 | -696 | -826 | 3,572 | -1,334 | -852 |
| Net Cash Flow | -29 | -11 | 19 | -26 | 32 | 15 | -39 | -3 | -323 | 159 | 232 | -79 |
| Free Cash Flow | 314 | 41 | 429 | 305 | 659 | -151 | 629 | 607 | 1,449 | 1,019 | 957 | 947 |
| CFO/OP | 85% | 59% | 111% | 118% | 102% | 84% | 107% | 107% | 101% | 130% | 109% | 122% |
| Sep 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 29 | 92 | 48 | 39 | 38 | 36 | 37 | 31 | 27 | 29 | 38 | 39 |
| Inventory Days | 138 | 450 | 253 | 180 | 190 | 260 | 217 | 227 | 196 | 149 | 162 | 150 |
| Days Payable | 39 | 106 | 53 | 54 | 62 | 56 | 55 | 73 | 65 | 58 | 56 | 86 |
| Cash Conversion Cycle | 128 | 436 | 248 | 164 | 166 | 239 | 198 | 185 | 158 | 119 | 144 | 102 |
| Working Capital Days | 87 | 257 | 161 | 119 | 62 | 79 | 66 | 52 | 6 | -70 | -35 | 7 |
| ROCE % | 13% | 11% | 7% | 19% | 14% | 10% | 12% | 10% | 10% | 12% |
Fundamentals
Market Cap₹ Cr.
Current Price₹ 256
Book Value₹ 388
ROCE11.8 %
ROE5.82 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)20%
Standalone figures.
Valuation
P/E, 5-year average6.01x
P/B, 5-year average0.71x
Profitability
Operating margin (excl. other income)19.14%
Operating margin (incl. other income)13.85%
EBITDA margin15.33%
Pre-tax margin6.80%
Net profit margin2.53%
Net margin, latest quarter12.05%
ROE1.38%
ROCE6.91%
ROA0.65%
ROE, 3-year average-6.43%
ROCE, 3-year average1.78%
ROA, 3-year average-2.96%
ROE, 5-year average2.39%
ROCE, 5-year average6.99%
ROA, 5-year average1.30%
ROIC (approx.)2.11%
Tax rate75.75%
Other income / net worth-6.07%
Growth
Sales growth (latest year)0.26%
Sales CAGR, 3 years-6.08%
Sales CAGR, 5 years4.55%
Profit CAGR, 3 years-58.66%
Profit CAGR, 5 years-27.40%
Sales growth QoQ17.33%
Sales growth YoY (latest quarter)25.76%
Profit growth YoY (latest quarter)64.44%
Per share
EPS, 5-year averageRs 42.54
Efficiency
Asset turnover0.54x
Fixed asset turnover2.05x
Inventory turnover3.71x
Inventory days98 days
Debtor days39 days
Debtors turnover9.36x
Creditor days86 days
Cash conversion cycle102 days
Working capital days7 days
Leverage
Total debtRs 4,706 Cr
Cash and bankRs 383 Cr
Net debtRs 4,323 Cr
Debt to equity0.76x
Net debt / EBITDA3.73x
Interest coverage2.29x
Owners' fund to total sources47.32%
Debt to assets36.04%
Cash flow
Cash from Operating Activity (latest year)Rs 1,443 Cr
Cash from Investing Activity (latest year)Rs -671 Cr
Cash from Financing Activity (latest year)Rs -852 Cr
Net Cash Flow (latest year)Rs -79 Cr
Free cash flow (latest year)Rs 947 Cr
FCFE (approx.: FCF + change in debt)Rs 554 Cr
Cash from ops / profit, 5 years14.32x
Sales to cash flow4.91x
Statement figures
Net sales (TTM)Rs 7,553 Cr
Net sales (latest year)Rs 7,091 Cr
Sales (latest quarter)Rs 2,252 Cr
Operating profit excl. other income (latest year)Rs 1,358 Cr
Operating profit (latest quarter)Rs 529 Cr
Other income (TTM)Rs -379 Cr
EBITDA (TTM)Rs 1,158 Cr
PBDT (TTM)Rs 759 Cr
Profit before tax (TTM)Rs 514 Cr
Tax (latest year)Rs 264 Cr
Net profit (TTM)Rs 191 Cr
Net profit (latest year)Rs 85 Cr
Net profit (latest quarter)Rs 271 Cr
Depreciation (TTM)Rs 246 Cr
Depreciation (latest quarter)Rs 77 Cr
Interest (TTM)Rs 399 Cr
Cost of goods sold (latest year)Rs 4,273 Cr
Total expenditure (latest year)Rs 5,734 Cr
Total income (latest year)Rs 6,716 Cr
Share capitalRs 73 Cr
ReservesRs 6,105 Cr
Shareholders' fundsRs 6,178 Cr
Total assetsRs 13,056 Cr
Net blockRs 3,459 Cr
Capital work in progressRs 545 Cr
InvestmentsRs 6,591 Cr
ReceivablesRs 757 Cr
InventoryRs 1,153 Cr
Other liabilitiesRs 2,172 Cr
Shares outstanding (crore)0.00
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
Not enough price history.
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹2,252 Cr +25.8% vs Jun 2025.
Net profit ₹271 Cr +64.2%.
Activity
CompareNo listed peers in this industry.
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Nirma Ltd?
Nirma Ltd (500308) has a market capitalisation of Rs Cr. at the close.
What were Nirma Ltd's latest quarterly results?
In the Jun 2026 quarter, Nirma Ltd sales was Rs 2,252 Cr (+25.8% vs Jun 2025) and net profit was Rs 271 Cr.