Northern Spirits Ltd

Northern Spirits Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Northern Spirits Ltd

₹ 107 10.53%
01 Apr - close price
northernspirits.co.in BSE: 542628
About

Incorporated in 2012, Northern Spirits Ltd imports and distributes alcoholic beverages and liquor[1]

Key Points

Business Overview:[1][2]
NSL imports and distributes Alcoholic Beverage brands in North, East and North East India. Company has a wide range of supplies from international market through its import operations

Website BSE
  • Market Cap ₹ 172 Cr.
  • Current Price ₹ 107
  • High / Low ₹ 239 / 96.6
  • Stock P/E 7.08
  • Book Value ₹ 85.4
  • Dividend Yield 0.28 %
  • ROCE 17.7 %
  • ROE 20.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 44.8% CAGR over last 5 years
  • Company's median sales growth is 66.9% of last 10 years
  • Company's working capital requirements have reduced from 22.8 days to 16.4 days

Cons

  • Promoters have pledged 44.8% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Services Services Commercial Services & Supplies Trading & Distributors

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Quarterly Results

Figures in Rs. Crores

Sep 2020 Jun 2021 Sep 2021 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
53.70 51.78 111.68 314.18 324.45 460.56 487.41 528.17 466.48 534.12 562.68 596.24
51.21 49.10 104.16 305.95 315.90 450.94 478.00 507.03 460.19 520.60 548.99 583.65
Operating Profit 2.49 2.68 7.52 8.23 8.55 9.62 9.41 21.14 6.29 13.52 13.69 12.59
OPM % 4.64% 5.18% 6.73% 2.62% 2.64% 2.09% 1.93% 4.00% 1.35% 2.53% 2.43% 2.11%
0.00 0.00 0.46 0.22 0.37 0.00 0.50 0.13 0.23 0.34 0.36 0.25
Interest 2.27 1.05 3.06 1.95 1.98 1.50 2.56 9.10 3.02 4.02 3.94 3.19
Depreciation 0.08 0.10 0.06 0.06 0.08 0.06 0.05 0.05 0.13 0.13 0.13 0.20
Profit before tax 0.14 1.53 4.86 6.44 6.86 8.06 7.30 12.12 3.37 9.71 9.98 9.45
Tax % 0.00% 0.00% 25.72% 23.91% 29.30% 24.69% 23.29% 24.01% 37.69% 24.00% 24.05% 24.02%
0.14 1.53 3.61 4.89 4.85 6.07 5.60 9.21 2.09 7.38 7.59 7.18
EPS in Rs 0.09 0.95 2.25 3.05 3.02 3.78 3.49 5.74 1.30 4.60 4.73 4.47
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1 2 3 16 25 110 154 152 268 905 1,235 1,943 2,160
1 2 4 15 23 90 146 143 255 883 1,204 1,896 2,113
Operating Profit -0 0 -0 1 2 20 8 8 13 23 31 46 46
OPM % -1% 3% -13% 5% 7% 18% 5% 5% 5% 2% 2% 2% 2%
0 0 0 0 0 0 0 0 0 0 1 1 1
Interest 0 0 0 0 0 5 3 4 5 8 9 16 14
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 1
Profit before tax 0 0 -0 1 1 15 5 4 8 15 22 31 33
Tax % 0% 17% 0% 18% 25% 35% 28% 28% 25% 25% 26% 26%
0 0 -1 1 1 10 4 3 6 11 17 23 24
EPS in Rs 13.33 66.67 -12.59 13.09 8.46 8.56 2.25 1.85 3.74 6.93 10.32 14.31 15.10
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 2% 2%
Compounded Sales Growth
10 Years: 104%
5 Years: 66%
3 Years: 94%
TTM: 20%
Compounded Profit Growth
10 Years: 72%
5 Years: 45%
3 Years: 56%
TTM: -6%
Stock Price CAGR
10 Years: %
5 Years: 36%
3 Years: -20%
1 Year: -32%
Return on Equity
10 Years: 15%
5 Years: 14%
3 Years: 18%
Last Year: 21%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.02 0.02 0.41 0.41 1 12 16 16 16 16 16 16 16
Reserves -0 0 1 1 5 29 47 50 56 67 84 107 121
1 4 2 2 5 45 43 57 68 95 138 171 203
0 1 5 9 9 8 2 2 2 4 1 1 6
Total Liabilities 1 5 8 13 21 94 108 125 142 183 239 295 346
0 4 4 5 5 11 10 10 10 10 11 12 12
CWIP 0 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 0
1 1 4 8 16 83 98 115 132 172 228 283 335
Total Assets 1 5 8 13 21 94 108 125 142 183 239 295 346

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-0 1 1 1 -7 -50 -12 -10 0 -22 -29 -7
-0 -4 -1 0 -0 -6 0 0 -0 -0 -0 -1
0 3 -1 -0 2 20 15 4 -3 104 34 17
Net Cash Flow 0 0 -0 0 -5 -36 3 -7 -3 81 4 9
Free Cash Flow -0 -3 1 0 -7 -56 -12 -10 -0 -23 -30 -8
CFO/OP 2,300% 1,480% -244% 119% -422% -250% -145% -123% 1% -98% -95% -15%

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 56 0 101 96 122 124 94 113 86 43 42 31
Inventory Days 44 62 155 70 146 160 112 110 67 23 20 17
Days Payable 78 40 131 76 63 7 1 0 0 0 0 0
Cash Conversion Cycle 22 23 125 91 206 277 205 222 154 66 62 49
Working Capital Days -127 -432 -221 -45 90 87 114 141 84 30 23 16
ROCE % 5% 6% -8% 28% 21% 41% 9% 7% 10% 14% 15% 18%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of States/UTs of Operation
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Working Capital Cycle
Days
Customer Base / Retail Outlets Reached
Count
Number of Brands
Count
Number of Warehouses
Count
Owned Retail Outlets
Count

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
66.97% 66.97% 66.97% 66.97% 66.97% 66.97% 66.97% 66.97% 66.97% 66.97% 66.97% 66.97%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.37% 0.00%
33.03% 33.03% 33.03% 33.04% 33.03% 33.02% 33.05% 33.03% 33.03% 33.04% 32.66% 33.03%
No. of Shareholders 3203263804147221,3131,7233,2994,1204,1604,1884,607

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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