Financial Ratios Nirlon Limited

Equities

500307

INE910A01012

Real Estate Development & Operations

Delayed Bombay S.E. Other stock markets 02:23:51 2026-05-14 am EDT			5-day change	1st Jan Change
599.10 ^INR	+0.31%		+2.66%	+19.24%

Feb. 11	Nirlon Limited, Q3 2026 Earnings Call, Feb 11, 2026
Feb. 10	Nirlon Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025	CI

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Published financial data: NIRLON LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Other Revenues, Total	3.17B	3.84B	5.73B	6.03B	6.36B
Total Revenues	3.17B	3.84B	5.73B	6.03B	6.36B
Property Expenses	323M	361M	479M	557M	610M
Selling General & Admin Expenses, Total	144M	151M	195M	190M	184M
Depreciation & Amortization - (IS) - (Collected)	487M	755M	1.03B	564M	563M
Other Operating Expenses	321M	337M	468M	511M	539M
Total Operating Expenses	1.28B	1.6B	2.17B	1.82B	1.9B
Operating Income (REIT / Utility Template)	1.89B	2.24B	3.56B	4.21B	4.46B
Interest Expense, Total	0	-212M	-844M	-1.03B	-977M
Interest and Investment Income	10.39M	15.18M	27.44M	41.21M	83.25M
Net Interest Expenses	10.39M	-197M	-817M	-990M	-894M
Currency Exchange Gains (Loss)	5.89M	16K	-	-	-
Other Non Operating Income (Expenses)	-140M	-133M	-413M	-204M	-192M
EBT, Excl. Unusual Items	1.77B	1.9B	2.33B	3.02B	3.38B
Gain (Loss) on Sale of Assets	-	-	-	-	5.69M
Asset Writedown	-	-3.74M	-1.92M	-	-
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	1.77B	1.9B	2.33B	3.02B	3.38B
Income Tax Expense	495M	793M	746M	960M	1.2B
Earnings From Continuing Operations	1.27B	1.11B	1.58B	2.06B	2.18B
Net Income to Company	1.27B	1.11B	1.58B	2.06B	2.18B
Net Income - (IS)	1.27B	1.11B	1.58B	2.06B	2.18B
Net Income to Common Incl Extra Items	1.27B	1.11B	1.58B	2.06B	2.18B
Net Income to Common Excl. Extra Items	1.27B	1.11B	1.58B	2.06B	2.18B
Per Share Items
Net EPS - Basic	14.14	12.3	17.52	22.81	24.21
Basic EPS - Continuing Operations	14.14	12.3	17.52	22.81	24.21
Basic Weighted Average Shares Outstanding	90.12M	90.12M	90.12M	90.12M	90.12M
Net EPS - Diluted	14.14	12.3	17.52	22.81	24.21
Diluted EPS - Continuing Operations	14.14	12.3	17.52	22.81	24.21
Diluted Weighted Average Shares Outstanding	90.12M	90.12M	90.12M	90.12M	90.12M
Normalized Basic EPS	12.27	13.21	16.14	20.91	23.43
Normalized Diluted EPS	12.27	13.21	16.14	20.91	23.43
Dividend Per Share	8	26	26	26	26
Payout Ratio	5.31	187.05	148.37	113.99	107.39
Supplemental Items
EBITDA	2.38B	2.99B	4.58B	4.77B	5.03B
EBITA	1.89B	2.24B	3.56B	4.21B	4.46B
EBIT	1.89B	2.24B	3.56B	4.21B	4.46B
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	3.19B	3.87B	5.76B	6.07B	6.45B
Effective Tax Rate - (Ratio)	27.99	41.7	32.09	31.83	35.53
Current Domestic Taxes	330M	353M	406M	527M	680M
Total Current Taxes	330M	353M	406M	527M	680M
Deferred Domestic Taxes	165M	439M	340M	433M	522M
Total Deferred Taxes	165M	439M	340M	433M	522M
Normalized Net Income	1.11B	1.19B	1.45B	1.88B	2.11B
Interest Capitalized	823M	543M	-	-	-
Non-Cash Pension Expense	255K	255K	130K	312K	174K
Supplemental Operating Expense Items
Marketing Expenses	144M	151M	195M	190M	184M
Selling and Marketing Expenses	144M	151M	195M	190M	184M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	102M	129M	137M	160M	187M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	25.11B	27.52B	28.04B	28.54B	28.73B
Accumulated Depreciation	-6.65B	-7.53B	-8.66B	-9.41B	-9.95B
Net Property Plant And Equipment	18.46B	19.99B	19.38B	19.13B	18.79B
Total Real Estate Assets	18.46B	19.99B	19.38B	19.13B	18.79B
Cash And Equivalents	16.24M	963M	173M	539M	1.64B
Accounts Receivable, Total	18.82M	31.46M	28.52M	31.98M	38.17M
Other Receivables	23.14M	20.71M	26.54M	28.74M	53.78M
Other Intangibles, Total	0	-	-	-	-
Notes Receivable (Collected)	-	-	-	-	-
Other Current Assets, Total	158M	141M	170M	182M	359M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	388M	844M	1.23B	1.35B	1.55B
Total Assets	19.06B	21.99B	21.01B	21.26B	22.43B
Liabilities
Current Portion of Long-Term Debt	-	845M	-	-	-
Short-Term Borrowings	-	-	-	-	-
Long-Term Debt	9.78B	10.94B	11.45B	11.46B	11.46B
Accounts Payable, Total	70.35M	256M	167M	133M	213M
Accrued Expenses, Total	96.45M	119M	98.33M	125M	107M
Current Income Taxes Payable	-	53.71M	2.11M	134M	680M
Unearned Revenue, Current	26.26M	12.83M	91.55M	31.66M	5.75M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	1.11B	1.69B	1.66B	1.52B	1.54B
Pension & Other Post Retirement Benefits	3.92M	4.1M	2.13M	2.44M	2.68M
Deferred Tax Liability Non-Current	751M	1.19B	1.53B	1.96B	2.48B
Other Non Current Liabilities	1.48B	2.1B	1.99B	2.16B	2.36B
Total Liabilities	13.32B	17.21B	16.99B	17.53B	18.86B
Common Stock, Total	901M	901M	901M	901M	901M
Additional Paid In Capital	1.25B	1.25B	1.25B	1.25B	1.25B
Retained Earnings	3.59B	2.62B	1.86B	1.58B	1.41B
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	5.74B	4.78B	4.02B	3.73B	3.57B
Total Equity	5.74B	4.78B	4.02B	3.73B	3.57B
Total Liabilities And Equity	19.06B	21.99B	21.01B	21.26B	22.43B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	90.12M	90.12M	90.12M	90.12M	90.12M
ECS Total Common Shares Outstanding	90.12M	90.12M	90.12M	90.12M	90.12M
Book Value / Share	63.74	53.04	44.59	41.4	39.61
Tangible Book Value	5.74B	4.78B	4.02B	3.73B	3.57B
Tangible Book Value Per Share	63.74	53.04	44.59	41.4	39.61
Total Debt	9.78B	11.78B	11.45B	11.46B	11.46B
Net Debt	9.77B	10.82B	11.28B	10.92B	9.82B
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.04M	4.23M	2.21M	2.55M	2.82M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	7.73M	8.13M	8.13M	8.13M	8.12M
Full Time Employees	3	3	2	3	3
Assets on Operating Lease - Gross	13.7B	27.38B	27.97B	28.5B	28.64B
Assets on Operating Lease - Accumulated Depreciation	-6.65B	-7.53B	-8.65B	-9.41B	-9.94B

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	1.27B	1.11B	1.58B	2.06B	2.18B
Depreciation, Depletion & Amortization	487M	755M	1.03B	564M	563M
Total Depreciation, Depletion & Amortization	487M	755M	1.03B	564M	563M
Amortization of Deferred Charges, Total	144M	151M	195M	190M	184M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	5.69M
Total Asset Writedown	-	3.74M	1.92M	-	-
Provision and Write-off of Bad Debts	-	-	-	-	2.3M
Change in Accounts Receivable	20.41M	-12.64M	2.94M	-3.46M	-8.49M
Change in Accounts Payable	-16.09M	185M	-89.07M	-33.18M	80.69M
Change in Other Net Operating Assets (Collected)	-117M	392M	-59.87M	40.58M	191M
Other Operating Activities	302M	820M	1.27B	1.43B	1.6B
Cash from Operations	2.09B	3.4B	3.92B	4.25B	4.8B
Acquisition of Real Estate Assets, Total	-1.21B	-1.61B	-851M	-550M	-472M
Sale of Real Estate Assets, Total	-	970K	5.91M	-	8.33M
Net Sale / Acquisition of Real Estate Assets	-1.21B	-1.61B	-845M	-550M	-463M
Investment in Marketable and Equity Securities, Total	-	-	-	1.5M	-1M
Other Investing Activities, Total	10.08M	15.32M	-59.31M	41.21M	83.25M
Cash from Investing	-1.2B	-1.59B	-905M	-507M	-381M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	150M	2B	11.46B	-	-
Total Debt Issued	150M	2B	11.46B	-	-
Short Term Debt Repaid, Total	-250M	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-11.78B	-	-
Total Debt Repaid	-250M	-	-11.78B	-	-
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-67.59M	-2.07B	-2.34B	-2.34B	-2.34B
Common & Preferred Stock Dividends Paid	-67.59M	-2.07B	-2.34B	-2.34B	-2.34B
Other Financing Activities, Total	-828M	-789M	-1.14B	-1.03B	-977M
Cash from Financing	-996M	-862M	-3.81B	-3.37B	-3.32B
Net Change in Cash	-99.74M	946M	-790M	367M	1.1B
Supplemental Items
Cash Interest Paid	828M	789M	1.14B	1.03B	977M
Cash Income Tax Paid (Refund)	317M	304M	554M	550M	585M
Net Debt Issued / Repaid	-100M	2B	-329M	-	-
Levered Free Cash Flow	2.27B	3.01B	2.77B	2.65B	3.32B
Unlevered Free Cash Flow	2.27B	3.14B	3.3B	3.29B	3.93B
Change In Net Working Capital	-452M	-840M	144M	91.67M	-397M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.41	6.81	10.34	12.45	12.77
Return on Total Capital	7.9	8.71	13.88	17.16	18.46
Return On Equity %	24.78	21.06	35.9	53.06	59.78
Return on Common Equity	24.78	21.06	35.9	53.06	59.78
Margin Analysis
Gross Profit Margin %	89.79	90.59	91.63	90.76	90.41
SG&A Margin	6.09	5.19	4.28	4.04	3.83
EBITDA Margin %	75.11	77.87	80.06	79.14	79.04
EBITA Margin %	59.74	58.21	62.11	69.79	70.18
EBIT Margin %	59.74	58.21	62.11	69.79	70.18
Income From Continuing Operations Margin %	40.2	28.86	27.58	34.08	34.3
Net Income Margin %	40.2	28.86	27.58	34.08	34.3
Net Avail. For Common Margin %	40.2	28.86	27.58	34.08	34.3
Normalized Net Income Margin	34.89	31	25.4	31.25	33.2
Levered Free Cash Flow Margin	71.51	78.4	48.45	43.91	52.25
Unlevered Free Cash Flow Margin	71.51	81.86	57.67	54.6	61.85
Asset Turnover
Asset Turnover	0.17	0.19	0.27	0.29	0.29
Fixed Assets Turnover	0.18	0.2	0.29	0.31	0.34
Short Term Liquidity
Current Ratio	0.17	0.39	0.2	0.4	0.82
Quick Ratio	0.04	0.34	0.11	0.31	0.68
Operating Cash Flow to Current Liabilities	1.61	1.14	1.94	2.18	1.88
Average Days Payable Outstanding	88.48	164.68	160.84	98.58	103.61
Long Term Solvency
Total Debt/Equity	170.32	246.54	284.97	307.08	321.18
Total Debt / Total Capital	63.01	71.14	74.02	75.44	76.26
LT Debt/Equity	170.32	228.86	284.97	307.08	321.18
Long-Term Debt / Total Capital	63.01	66.04	74.02	75.44	76.26
Total Liabilities / Total Assets	69.86	78.26	80.88	82.45	84.09
EBIT / Interest Expense	-	10.52	4.21	4.08	4.57
EBITDA / Interest Expense	-	14.07	5.43	4.63	5.15
(EBITDA - Capex) / Interest Expense	-	14.07	5.43	4.63	5.15
Total Debt / EBITDA	4.11	3.94	2.5	2.4	2.28
Net Debt / EBITDA	4.1	3.62	2.46	2.29	1.95
Total Debt / (EBITDA - Capex)	4.11	3.94	2.5	2.4	2.28
Net Debt / (EBITDA - Capex)	4.1	3.62	2.46	2.29	1.95
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.23	21.15	49.15	5.32	5.46
Gross Profit, 1 Yr. Growth %	2.86	22.22	50.86	4.32	5.05
EBITDA, 1 Yr. Growth %	2.14	25.61	53.33	4.12	5.33
EBITA, 1 Yr. Growth %	5.3	18.05	59.13	18.34	6.06
EBIT, 1 Yr. Growth %	5.3	18.05	59.13	18.34	6.06
Earnings From Cont. Operations, 1 Yr. Growth %	16.38	-13.03	42.51	30.17	6.15
Net Income, 1 Yr. Growth %	16.38	-13.03	42.51	30.17	6.15
Diluted EPS Before Extra, 1 Yr. Growth %	16.38	-13.03	42.49	30.19	6.14
Normalized Net Income, 1 Yr. Growth %	20.17	7.64	22.21	29.56	12.04
Net Property, Plant and Equip., 1 Yr. Growth %	9.25	8.29	-3.02	-1.33	-1.77
Accounts Receivable, 1 Yr. Growth %	-52.03	67.15	-9.35	12.15	19.35
Total Assets, 1 Yr. Growth %	6.61	15.35	-4.43	1.19	5.49
Common Equity, 1 Yr. Growth %	26.59	-16.79	-15.94	-7.16	-4.32
Tangible Book Value, 1 Yr. Growth %	26.59	-16.79	-15.94	-7.16	-4.32
Cash From Operations, 1 Yr. Growth %	-32.64	62.46	15.31	12.78	13.02
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	46.93	32.82	-7.82	-4.54	25.59
Unlevered Free Cash Flow, 1 Yr. Growth %	36.95	38.68	5.07	-0.28	19.55
Dividend Per Share, 1 Yr. Growth %	966.67	225	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.01	11.29	34.42	25.33	5.39
Gross Profit, 2 Yr. CAGR %	3.63	12.12	35.79	25.45	4.69
EBITDA, 2 Yr. CAGR %	2.53	13.27	38.78	26.35	4.72
EBITA, 2 Yr. CAGR %	6.3	11.49	37.06	37.23	12.03
EBIT, 2 Yr. CAGR %	6.3	11.49	37.06	37.23	12.03
Earnings From Cont. Operations, 2 Yr. CAGR %	41.45	0.61	11.33	36.2	17.54
Net Income, 2 Yr. CAGR %	41.45	0.61	11.33	36.2	17.54
Diluted EPS Before Extra, 2 Yr. CAGR %	41.45	0.61	11.32	36.2	17.55
Normalized Net Income, 2 Yr. CAGR %	33.65	13.73	14.69	25.83	20.48
Net Property, Plant and Equip., 2 Yr. CAGR %	16.89	8.77	2.48	-2.18	-1.55
Accounts Receivable, 2 Yr. CAGR %	-10.94	-10.46	23.09	0.83	15.69
Total Assets, 2 Yr. CAGR %	14.37	10.89	4.99	-1.66	3.32
Common Equity, 2 Yr. CAGR %	27.66	2.63	-16.37	-11.66	-5.75
Tangible Book Value, 2 Yr. CAGR %	27.67	2.63	-16.37	-11.66	-5.75
Cash From Operations, 2 Yr. CAGR %	-3.3	4.61	36.87	11.74	12.9
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	20.51	39.7	10.65	-6.2	9.45
Unlevered Free Cash Flow, 2 Yr. CAGR %	8.67	37.81	20.71	2.36	9.15
Dividend Per Share, 2 Yr. CAGR %	226.6	488.78	80.28	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.91	8.73	22.7	23.92	18.33
Gross Profit, 3 Yr. CAGR %	3.38	9.49	23.78	24.37	18.25
EBITDA, 3 Yr. CAGR %	2.16	9.71	25.3	26.1	18.91
EBITA, 3 Yr. CAGR %	7.82	10.08	25.53	30.52	25.94
EBIT, 3 Yr. CAGR %	7.82	10.08	25.53	30.52	25.94
Earnings From Cont. Operations, 3 Yr. CAGR %	31.76	20.28	12.99	17.29	25.34
Net Income, 3 Yr. CAGR %	31.76	20.28	12.99	17.29	25.34
Diluted EPS Before Extra, 3 Yr. CAGR %	31.76	20.28	12.98	17.29	25.34
Normalized Net Income, 3 Yr. CAGR %	26.59	24.35	16.49	19.45	21.06
Net Property, Plant and Equip., 3 Yr. CAGR %	23.64	13.95	4.69	1.19	-2.04
Accounts Receivable, 3 Yr. CAGR %	-9.82	9.86	-10.09	19.33	6.66
Total Assets, 3 Yr. CAGR %	19.41	14.69	5.53	3.71	0.67
Common Equity, 3 Yr. CAGR %	24.61	10.69	-3.98	-13.4	-9.28
Tangible Book Value, 3 Yr. CAGR %	24.61	10.69	-3.98	-13.4	-9.28
Cash From Operations, 3 Yr. CAGR %	-0.45	14.95	8.06	26.58	12.16
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	14.66	24.48	21.62	5.33	3.36
Unlevered Free Cash Flow, 3 Yr. CAGR %	7.33	17.87	25.9	13.26	7.77
Dividend Per Share, 3 Yr. CAGR %	120.13	226.06	226.06	48.12	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.19	5.94	14.52	15.09	15.46
Gross Profit, 5 Yr. CAGR %	0.11	6.51	15.29	15.62	15.76
EBITDA, 5 Yr. CAGR %	1.22	5.97	15.48	16.08	16.62
EBITA, 5 Yr. CAGR %	5.69	7.87	18.68	20.23	19.95
EBIT, 5 Yr. CAGR %	5.69	7.87	18.68	20.23	19.95
Earnings From Cont. Operations, 5 Yr. CAGR %	23.94	16.75	23.18	26.41	14.79
Net Income, 5 Yr. CAGR %	23.94	16.75	23.18	26.41	14.79
Diluted EPS Before Extra, 5 Yr. CAGR %	23.96	16.74	23.17	26.41	14.79
Normalized Net Income, 5 Yr. CAGR %	19.81	19.94	21.69	24.94	18.07
Net Property, Plant and Equip., 5 Yr. CAGR %	-4.11	13.07	14.7	7.2	2.15
Accounts Receivable, 5 Yr. CAGR %	-14.42	-3.92	2.13	6.15	-0.55
Total Assets, 5 Yr. CAGR %	-4.27	13.04	13.42	7.85	4.64
Common Equity, 5 Yr. CAGR %	-16.97	5.09	6.24	1.14	-4.69
Tangible Book Value, 5 Yr. CAGR %	-16.97	5.09	6.24	1.14	-4.69
Cash From Operations, 5 Yr. CAGR %	0.4	9.39	13.07	13.65	9.08
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	39.6	46.42	13.04	11.16	16.59
Unlevered Free Cash Flow, 5 Yr. CAGR %	21.35	29.94	12.5	11.4	18.91
Dividend Per Share, 5 Yr. CAGR %	60.55	103.23	103.23	103.23	103.23