Price
Financials
Standalone, Rs crore| Sep 2021 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 111.68 | 314.18 | 324.45 | 460.56 | 487.41 | 528.17 | 466.48 | 534.12 | 562.68 | 596.24 | 615.92 | 598.79 |
| Operating costs | 104.16 | 305.95 | 315.90 | 450.94 | 478.00 | 507.03 | 460.19 | 520.60 | 548.99 | 583.65 | 605.76 | 582.44 |
| EBITDA | 7.52 | 8.23 | 8.55 | 9.62 | 9.41 | 21.14 | 6.29 | 13.52 | 13.69 | 12.59 | 10.16 | 16.35 |
| EBITDA margin % | 6.73% | 2.62% | 2.64% | 2.09% | 1.93% | 4.00% | 1.35% | 2.53% | 2.43% | 2.11% | 1.65% | 2.73% |
| Depreciation & amortisation | 0.06 | 0.06 | 0.08 | 0.06 | 0.05 | 0.05 | 0.13 | 0.13 | 0.13 | 0.20 | 0.16 | 0.12 |
| Finance costs | 3.06 | 1.95 | 1.98 | 1.50 | 2.56 | 9.10 | 3.02 | 4.02 | 3.94 | 3.19 | 3.89 | 4.53 |
| Non-operating income | 0.46 | 0.22 | 0.37 | 0.00 | 0.50 | 0.13 | 0.23 | 0.34 | 0.36 | 0.25 | 0.91 | 0.50 |
| Pre-tax profit | 4.86 | 6.44 | 6.86 | 8.06 | 7.30 | 12.12 | 3.37 | 9.71 | 9.98 | 9.45 | 7.02 | 12.20 |
| Effective tax rate % | 25.72% | 23.91% | 29.30% | 24.69% | 23.29% | 24.01% | 37.69% | 24.00% | 24.05% | 24.02% | 29.20% | 24.02% |
| Profit after tax | 3.61 | 4.89 | 4.85 | 6.07 | 5.60 | 9.21 | 2.09 | 7.38 | 7.59 | 7.18 | 4.98 | 9.27 |
| Earnings per share (Rs) | 2.25 | 3.05 | 3.02 | 3.78 | 3.49 | 5.74 | 1.30 | 4.60 | 4.73 | 4.47 | 3.10 | 5.78 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3 | 16 | 25 | 110 | 154 | 152 | 268 | 905 | 1,235 | 1,943 | 2,309 | 2,374 |
| Operating costs | 4 | 15 | 23 | 90 | 146 | 143 | 255 | 883 | 1,204 | 1,896 | 2,259 | 2,321 |
| EBITDA | -0 | 1 | 2 | 20 | 8 | 8 | 13 | 23 | 31 | 46 | 50 | 53 |
| EBITDA margin % | -13% | 5% | 7% | 18% | 5% | 5% | 4.8% | 2.5% | 2.5% | 2.4% | 2.2% | 2.2% |
| Depreciation & amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Finance costs | 0 | 0 | 0 | 5 | 3 | 4 | 5 | 8 | 9 | 16 | 15 | 16 |
| Non-operating income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Pre-tax profit | -0 | 1 | 1 | 15 | 5 | 4 | 8 | 15 | 22 | 31 | 36 | 39 |
| Effective tax rate % | 0% | 18% | 25% | 35% | 28% | 28% | 25% | 25% | 26% | 26% | 25% | |
| Profit after tax | -1 | 1 | 1 | 10 | 4 | 3 | 6 | 11 | 17 | 23 | 27 | 29 |
| Earnings per share (Rs) | -12.59 | 13.09 | 8.46 | 8.56 | 2.25 | 1.85 | 3.74 | 6.93 | 10.32 | 14.31 | 16.91 | 18.08 |
| Paid out as dividend % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 2% | 2% | 21% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | 93% | 72% | 37% | 18% | ||
| Profit CAGR | 49% | 56% | 35% | 20% | ||
| Share price CAGR | % | 23% | -32% | -34% | ||
| Average return on equity | 16% | 17% | 20% | 20% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net block (property, plant) | 4 | 4 | 5 | 5 | 11 | 10 | 10 | 10 | 10 | 11 | 12 | 11 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current & other assets | 1 | 4 | 8 | 16 | 83 | 98 | 115 | 132 | 172 | 228 | 283 | 370 |
| Total assets | 5 | 8 | 13 | 21 | 94 | 108 | 125 | 142 | 183 | 239 | 295 | 381 |
| Share capital | 0.02 | 0.41 | 0.41 | 1 | 12 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves & surplus | 0 | 1 | 1 | 5 | 29 | 47 | 50 | 56 | 67 | 84 | 107 | 133 |
| Total debt | 4 | 2 | 2 | 5 | 45 | 43 | 57 | 68 | 95 | 138 | 171 | 209 |
| Other liabilities & provisions | 1 | 5 | 9 | 9 | 8 | 2 | 2 | 2 | 4 | 1 | 1 | 23 |
| Equity + liabilities | 5 | 8 | 13 | 21 | 94 | 108 | 125 | 142 | 183 | 239 | 295 | 381 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1 | 1 | 1 | -7 | -50 | -12 | -10 | 0 | -22 | -29 | -7 | 7 |
| Investing cash flow | -4 | -1 | 0 | -0 | -6 | 0 | 0 | -0 | -0 | -0 | -1 | -0 |
| Free cash flow (after capex) | -3 | 1 | 0 | -7 | -56 | -12 | -10 | -0 | -23 | -30 | -8 | 7 |
| Financing cash flow | 3 | -1 | -0 | 2 | 20 | 15 | 4 | -3 | 104 | 34 | 17 | 22 |
| Net change in cash | 0 | -0 | 0 | -5 | -36 | 3 | -7 | -3 | 81 | 4 | 9 | 29 |
| Cash conversion (OCF / EBITDA) % | 1,480% | -244% | 119% | -422% | -250% | -145% | -123% | 1% | -98% | -95% | -15% | 15% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on capital employed % | 6% | -8% | 28% | 21% | 41% | 9% | 7% | 10% | 14% | 15% | 18% | 16% |
| Receivable days | 0 | 101 | 96 | 122 | 124 | 94 | 113 | 86 | 43 | 42 | 31 | 30 |
| Inventory days | 62 | 155 | 70 | 146 | 160 | 112 | 110 | 67 | 23 | 20 | 17 | 22 |
| Payable days | 40 | 131 | 76 | 63 | 7 | 1 | 0 | 0 | 0 | 0 | 0 | 4 |
| Cash cycle (days) | 23 | 125 | 91 | 206 | 277 | 205 | 222 | 154 | 66 | 62 | 49 | 48 |
| Working capital days | -432 | -221 | -45 | 90 | 87 | 114 | 141 | 84 | 30 | 23 | 16 | 13 |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter group % | 66.97% | 66.97% | 66.97% | 66.97% | 66.97% | 66.97% | 66.97% | 66.97% | 66.97% | 66.97% | 66.97% | 66.97% |
| Foreign investors % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 0.00% | 0.00% | 0.00% |
| Retail & others % | 33.03% | 33.04% | 33.03% | 33.02% | 33.05% | 33.03% | 33.03% | 33.04% | 32.66% | 33.03% | 33.03% | 33.03% |
| Shareholder count | 380 | 414 | 722 | 1,313 | 1,723 | 3,299 | 4,120 | 4,160 | 4,188 | 4,607 | 4,658 | 4,686 |
Fundamentals
Market value₹ 186 Cr.
Last price₹ 116
P/E (trailing)6.42
Book value / share₹ 92.9
Return on capital15.7 %
Return on equity20.0 %
Dividend yield0.30 %
Face value₹ 10.0
Revenue CAGR (TTM)18%
Profit CAGR (TTM)20%
Standalone figures.
Valuation
Market capRs 201 Cr
Enterprise valueRs 355 Cr
P/E (TTM)6.91x
Price to book1.34x
Price to sales0.08x
EV / EBITDA6.47x
EV / EBIT6.54x
EV / sales0.15x
Price to cash flow26.90x
Earnings yield14.46%
Dividend yield2.80%
P/E, 3-year average11.49x
P/B, 3-year average2.01x
P/E, 5-year average14.88x
P/B, 5-year average2.18x
Profitability
Operating margin (excl. other income)2.16%
Operating margin (incl. other income)2.24%
EBITDA margin2.31%
Pre-tax margin1.63%
Net profit margin1.22%
Net margin, latest quarter1.55%
ROE19.97%
ROCE15.71%
ROA8.03%
ROE, 3-year average19.56%
ROCE, 3-year average16.16%
ROA, 3-year average8.16%
ROE, 5-year average16.33%
ROCE, 5-year average14.52%
ROA, 5-year average7.16%
ROIC (approx.)13.41%
Tax rate25.01%
Other income / net worth1.27%
Growth
Sales growth (latest year)18.86%
Profit growth (latest year)18.15%
Sales CAGR, 3 years36.63%
Sales CAGR, 5 years72.42%
Profit CAGR, 3 years34.60%
Profit CAGR, 5 years55.66%
Sales growth QoQ-2.78%
Profit growth QoQ86.14%
Sales growth YoY (latest quarter)12.11%
Profit growth YoY (latest quarter)25.61%
Per share
EPS (TTM)Rs 18.08
EPS (latest year)Rs 16.91
EPS (latest quarter)Rs 5.78
EPS, 3-year averageRs 13.85
EPS, 5-year averageRs 10.44
Book value per shareRs 92.93
Sales per shareRs 1,478.79
Cash flow per shareRs 4.65
Dividend per share (latest year)Rs 3.50
Dividend per share, 3-year averageRs 1.35
Dividend per share, 5-year averageRs 1.35
Dividends
Dividend payout20.71%
Dividend payout, 3-year average8.40%
Dividend payout, 5-year average8.40%
Efficiency
Asset turnover6.05x
Fixed asset turnover202.36x
Inventory turnover16.39x
Inventory days22 days
Debtor days30 days
Debtors turnover12.32x
Leverage
Total debtRs 209 Cr
Cash and bankRs 55 Cr
Net debtRs 154 Cr
Debt to equity1.40x
Net debt / EBITDA2.81x
Interest coverage3.49x
Owners' fund to total sources39.11%
Debt to assets54.80%
Cash flow
Operating cash flow (latest year)Rs 7 Cr
Investing cash flow (latest year)Rs -0 Cr
Financing cash flow (latest year)Rs 22 Cr
Net change in cash (latest year)Rs 29 Cr
Sales to cash flow309.51x
Statement figures
Net sales (TTM)Rs 2,374 Cr
Net sales (latest year)Rs 2,309 Cr
Sales (latest quarter)Rs 599 Cr
Operating profit excl. other income (latest year)Rs 50 Cr
Operating profit (latest quarter)Rs 16 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 55 Cr
PBDT (TTM)Rs 39 Cr
Profit before tax (TTM)Rs 39 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs 29 Cr
Net profit (latest year)Rs 27 Cr
Net profit (latest quarter)Rs 9 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 16 Cr
Cost of goods sold (latest year)Rs 2,047 Cr
Total expenditure (latest year)Rs 2,259 Cr
Total income (latest year)Rs 2,311 Cr
Share capitalRs 16 Cr
ReservesRs 133 Cr
Shareholders' fundsRs 149 Cr
Total assetsRs 381 Cr
Net blockRs 11 Cr
ReceivablesRs 187 Cr
InventoryRs 125 Cr
Other liabilitiesRs 23 Cr
Shares outstanding (crore)1.61
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 6.9 is at the 15th percentile of its own 7.6-year range
(median 13.6, low 2.8, high 75.1).
P/B 1.35 is at the 45th percentile (median 1.59).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 542628 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.2% | -2.8% | +3.0 pts |
| 1 month | -1.6% | -6.8% | +5.2 pts |
| 3 months | +1.3% | -7.6% | +8.9 pts |
| 3 years | -66.8% | +14.2% | -80.9 pts |
| 5 years | +212.5% | +27.9% | +184.6 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -43% of net profit over the last 3 years |
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 ₹599 Cr +12.1% vs Jun 2025.
Net profit ₹9 Cr +25.6%.
Activity
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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 Northern Spirits Ltd?
Northern Spirits Ltd (542628) has a market capitalisation of Rs 186 Cr. at the 2026-10-01 close.
What is the P/E ratio of Northern Spirits Ltd?
Northern Spirits Ltd trades at a P/E of 6.42 on trailing twelve-month profit, at the 2026-10-01 close.
What were Northern Spirits Ltd's latest quarterly results?
In the Jun 2026 quarter, Northern Spirits Ltd sales was Rs 599 Cr (+12.1% vs Jun 2025) and net profit was Rs 9 Cr.