Nalwa Sons Investments Ltd

₹ 5,036 -0.10%

13 Nov - close price

About

Nalwa Sons Investments Ltd (NSIL) is an RBI-registered, non-deposit-taking NBFC–Middle Layer that holds strategic investments, mainly in O.P. Jindal-group companies, and lends to group companies. Consolidated accounts also include a small goods-trading activity.^[1]

Key Points

Current vs legacy business:^[1]
Formerly Jindal Strips, the company’s manufacturing business was reorganised/ demerged, and it now operates as
an investment-and-finance holding
co.; it has no manufacturing activity.
NSIL is currently an RBI-registered
NBFC-ML, not a non NBFC.^[2]^[3]

Website BSE NSE - BE

Market Cap ₹ 2,588 Cr.
Current Price ₹ 5,036
High / Low ₹ 7,072 / 4,602
Stock P/E 40.9
Book Value ₹ 32,140
Dividend Yield 0.00 %
ROCE 0.40 %
ROE 0.30 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.16 times its book value
Company is expected to give good quarter

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 7.93% over past five years.
Company has a low return on equity of 0.33% over last 3 years.

* 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

Financial Services Financial Services Finance Investment Company

Part of BSE Financial Services

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	24	12	8	30	42	8	9	30	21	8	8	31	46
YoY Sales growth	-75%	+118%	+21%	+37%	+75%	-28%	+9%	-1%	-49%	-1%	-12%	+2%	+119%
	1	1	1	1	0	0	35	1	3	0	1	1	4
Operating Profit	23	11	8	30	41	8	-26	29	18	8	7	30	42
OPM %	98%	96%	93%	97%	99%	94%	-295%	98%	85%	96%	89%	98%	91%
	0	0	0	0	0	0	0	0	0	-0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	23	11	8	30	41	8	-26	29	18	8	7	30	42
Tax %	26%	24%	33%	25%	23%	27%	-14%	21%	21%	37%	44%	21%	27%
	17	8	5	22	32	6	-23	23	14	5	4	24	31
EPS in Rs	33.39	16.41	9.87	43.01	61.56	11.27	-43.88	45.25	27.82	9.75	7.42	46.53	59.42
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	21	19	15	20	32	41	46	72	112	66	89	67	93
Sales growth	-1%	-11%	-21%	+34%	+59%	+28%	+12%	+57%	+55%	-41%	+36%	-24%	+36%
	17	2	1	10	-5	26	11	2	2	2	37	5	6
Operating Profit	4	17	14	10	37	15	35	70	110	64	53	62	87
OPM %	20%	88%	93%	52%	117%	36%	76%	97%	98%	97%	59%	92%	93%
	0	0	0	0	0	0	0	0	0	0	0	-0	-0
Interest	0	0	0	0	0	0	0	0	1	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	4	17	14	10	37	15	35	70	109	63	52	62	87
Tax %	-44%	17%	14%	-1%	12%	-64%	6%	20%	26%	27%	30%	25%
	6	14	12	10	33	25	33	56	81	46	37	46	63
EPS in Rs	11.86	26.79	23.42	20.38	63.80	47.86	64.66	109.73	157.61	90.42	71.94	90.24	123.12
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	14%
5 Years:	8%
3 Years:	-16%
TTM:	36%

Compounded Profit Growth
10 Years:	13%
5 Years:	7%
3 Years:	-17%
TTM:	204%

Stock Price CAGR
10 Years:	21%
5 Years:	25%
3 Years:	22%
1 Year:	-28%

Return on Equity
10 Years:	1%
5 Years:	0%
3 Years:	0%
Last Year:	0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	5	5	5	5	5	5	5	5	5	5	5	5	5
Reserves	344	358	370	381	3,576	3,166	5,042	7,800	7,801	12,199	16,346	14,765	16,503
	0	0	0	0	0	0	0	0	0	0	0	0	0
	1	1	0	0	275	185	638	1,452	1,417	1,906	2,210	1,940	2,225
Total Liabilities	350	364	376	386	3,856	3,357	5,686	9,258	9,223	14,111	18,562	16,710	18,733
	0	0	0	0	0	0	0	0	0	0	0	0	0
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	212	239	292	295	3,755	3,225	5,539	9,052	9,006	13,856	18,295	16,458	18,479
	138	124	84	91	101	131	147	205	217	255	266	252	254
Total Assets	350	364	376	386	3,856	3,357	5,686	9,258	9,223	14,111	18,562	16,710	18,733

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	11	15	16	18	27	22	45	34	70	38	54	35
	-10	-15	-18	-8	-37	-22	-44	-34	-66	-26	-69	-32
	0	0	0	0	0	0	0	0	-1	-0	-0	-0
Net Cash Flow	1	1	-2	10	-10	-0	0	1	4	11	-15	2
Free Cash Flow	11	15	16	18	27	22	45	34	70	38	54	35
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	361%	107%	132%	182%	72%	155%	128%	60%	89%	79%	135%	80%

Ratios

Standalone / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	0	95	11	3	0	0	0	0	0	0	0	0
Inventory Days
Days Payable
Cash Conversion Cycle	0	95	11	3	0	0	0	0	0	0	0	0
Working Capital Days	2,183	2,187	1,830	1,305	91	162	-11	33	-2	2	-4	-11
ROCE %	1%	5%	4%	3%	2%	0%	1%	1%	1%	1%	0%	0%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

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Mar 2026

Dividend Income from Investments
INR Lakhs

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xx,xxx.xx	x,xxx.xx	x,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
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						xxx.xx	x,xxx.xx	x,xxx.xx	xx.xx	xx.xx
					xx.xx	x.xx	x.xx	x.xx	x.xx

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Gross Non-Performing Assets (Gross NPA)
INR Lakhs

Loans Outstanding (Net of Impairment)
INR Lakhs

Number of Permanent Employees
Count

Total Investments
INR Lakhs

Capital to Risk-Weighted Assets Ratio (CRAR)
%

Net NPA to Net Advances Ratio
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	55.61%	55.61%	55.61%	55.61%	55.61%	55.61%	55.61%	55.61%	55.61%	55.61%	55.61%	55.61%
	4.84%	5.01%	5.06%	5.44%	5.00%	5.53%	5.74%	5.83%	5.68%	6.20%	6.20%	6.04%
	0.60%	0.05%	0.05%	0.05%	0.05%	0.09%	0.15%	0.15%	0.16%	0.16%	0.16%	0.15%
	38.93%	39.31%	39.27%	38.88%	39.32%	38.76%	38.48%	38.39%	38.54%	38.02%	38.01%	38.19%
No. of Shareholders	23,563	24,116	24,955	26,700	37,734	38,396	36,859	35,598	37,455	36,366	35,859	34,921

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	55.61%	55.61%	55.61%	55.61%	55.61%	55.61%	55.61%	55.61%	55.61%	55.61%	55.61%
	4.40%	4.37%	4.64%	4.46%	5.20%	5.20%	5.08%	5.01%	5.53%	6.20%	6.04%
	0.61%	0.62%	0.61%	0.61%	0.61%	0.61%	0.61%	0.05%	0.09%	0.16%	0.15%
	39.38%	39.40%	39.13%	39.31%	38.57%	38.57%	38.69%	39.31%	38.76%	38.02%	38.19%
No. of Shareholders	21,842	20,949	20,126	19,633	19,261	19,703	23,561	24,116	38,396	36,366	34,921

* 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.

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Nalwa Sons Investments Ltd

Nalwa Sons Investments Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports