NSL

Northern Spirits Ltd.

BSE: 542628

Sector: Services

Industry Group: Commercial Services & Supplies

Industry: Trading & Distributors

118.60-4.2 (-3.38%)

7 Oct, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

44.1 / 100

Value Score

99.4 / 100

Price Momentum Score

31.8 / 100

QVM Score

65.3 / 100

Key Metrics

Market Cap

190.37

P/E (TTM)

6.56

P/B

1.28

P/S (TTM)

0.08

EV/EBITDA

7.29

CAPE (5Y)

11.37

ROE (TTM)

19.97

ROCE (TTM)

15.13

ROA (TTM)

8.03

Avg 3Y ROE

19.56

Earnings 3Y CAGR

34.43

Sales 3Y CAGR

36.63

Sales 5Y CAGR

74.41

Debt/Equity

1.40

Consensus TP

Strong Buy %

Promoter Holding

66.97

Pledged %

44.80

Stock Analysis

Fundamental analysis overview of Northern Spirits Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Stock is cheap and PE TTM is at a discount to industry median

PE TTM of 6.56 indicates that the stock is cheap on a standalone basis. Discount to industry median P/E is decent at -65.65%

What is P/E Ratio?

Median: 19.1

Value 6.56

-102424882.64

High and stable ROE

The company reported strong ROE of 19.97% for 12-month ended 30 Jun 2026 and ROE declined marginally by -67 bps from 1 year ago

What is ROE (FY)?

Moderate revenue growth and above median growth of industry

The company delivered moderate revenue growth of 17.73% for 12-month ended 30 Jun 2026 and the growth was 17.87 percentage points higher than median growth of industry

What is Sales growth (1Y)?

Median: -0.14

Value 17.73

-127.35379742

Moderate EPS growth and above median growth of industry

The company delivered moderate EPS growth of 19.08% for 12-month ended 30 Jun 2026 and the growth was 32.88 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Negative

Low but stable operating margin

The company reported low operating margin of 2.2% for 12-month ended 30 Jun 2026 and operating margin declined marginally by -28 bps from 1 year ago

What is Operating profit margin?

Low dividend yield

The company has a low dividend yield of 0.3%

What is Dividend yield?

Neutral

Reasonable Debt to Equity, and has been stable

The company has reasonable Debt to Equity of 1.4 as on 30 Jun 2026 and Debt to Equity remained same in the last 1 year

What is Debt to Equity?

Company's earnings are of moderate quality

Earnings quality score of 38.7 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

38.7 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Northern Spirits Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Northern Spirits Ltd. Shareholding Pattern

Quarterly breakdown of Northern Spirits Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97
Indian Promoter	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	66.97	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 Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	-	-	-	-	-	-	-	-	-	-	0.00	0.19	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.37	-	-	-
Mutual Funds / UTI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FI/Bank/Insurance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.19	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.37	0.00	0.00	0.00
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-Institution	33.03	33.03	33.03	33.03	33.03	33.03	33.03	33.03	33.03	33.03	33.03	32.85	33.03	33.03	33.03	33.03	33.03	33.03	33.03	33.03	33.03	33.03	32.66	33.03	33.03	33.03
Bodies Corporate	3.42	1.25	0.09	0.09	0.17	0.95	0.52	0.82	-	-	0.11	1.25	0.93	1.01	0.84	1.12	1.40	1.84	1.97	1.56	1.23	1.52	2.17	1.59	1.59	1.59
Others (incl. Retail) No. of shareholders	29.61 147	31.78 141	32.94 131	32.94 146	32.86 127	32.08 180	32.51 193	32.21 199	33.03 174	33.03 160	32.92 221	31.60 293	32.10 306	32.02 312	32.19 362	31.91 393	31.63 696	31.19 1,270	31.06 1,675	31.47 3,252	31.80 4,070	31.51 4,104	30.49 4,136	31.44 4,562	31.44 4,612	31.44 4,641

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Northern Spirits Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
Yash Hitesh Patel	28 Jul 2025	sell	₹ 200.01	1.44 lac	₹ 2.87 cr
Yash Hitesh Patel	28 Jul 2025	buy	₹ 198.00	415.00	₹ 82.17 k
Alacrity Securities Limited	28 Jul 2025	buy	₹ 200.00	1.00 lac	₹ 2.00 cr
Bhavna Hitesh Patel	22 Feb 2024	sell	₹ 235.00	1.00 lac	₹ 2.35 cr
Mahadev Manubhai Makvana	30 Jan 2024	sell	₹ 298.47	80.00 k	₹ 2.39 cr
Mahadev Manubhai Makvana	30 Jan 2024	buy	₹ 295.87	81.00 k	₹ 2.40 cr
Nikhil Rajesh Singh	17 Jan 2024	sell	₹ 418.82	71.00 k	₹ 2.97 cr
Nikhil Rajesh Singh	17 Jan 2024	buy	₹ 409.68	85.50 k	₹ 3.50 cr
Vir Bhuvan Khimji	30 Nov 2022	buy	₹ 263.25	1.00 lac	₹ 2.63 cr
Sabah Sahni	18 Oct 2022	buy	₹ 214.52	1.50 lac	₹ 3.22 cr

Corporate Actions

History of Northern Spirits Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 0.35/share
Record date: 16th Sep 2026Ex-date: 16th Sep 2026
Announced on: 26th May 2026
Dividend₹ 0.30/share
Record date: 12th Sep 2025Ex-date: 12th Sep 2025
Announced on: 28th May 2025
Dividend₹ 0.25/share
Record date: 21st Sep 2024Ex-date: 20th Sep 2024
Announced on: 29th May 2024

Company Profile

Overview of Northern Spirits Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Northern Spirits Limited is an India-based alcohol beverage company. The Company imports and distributes a wide range of alcoholic beverages and caters to customers in India. The Company is a distribution house with a presence in North and East India. Its agency brands include Pernod Richard, United...

Key personnel

Mr. Sharad Agarwal

Chief Financial Officer

Mrs. Shweta Almal

Compliance Officer, Company Secretary

Mr. Ankush BakshiD

Managing Director, Executive Director

Mrs. Kanika BakshiD

Executive Director

Mrs. Roshni BakshiD

Executive Director

Ms. Malti JaiswalD

Independent Director

Mr. Arihant JainD

Additional Non-Executive Independent Director

Mr. Sathvik JainD

Non-Executive Independent Director

View all

Incorporated on

13 Sep 2012

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

IPO date

04 Apr 2019

Free Float

42,45,700

Website

http://www.northernspirits.in/

Phone no.

+913322902043

Address

5A, WOODBURN PARK ROAD WOODBURN CENTRAL UNIT 603, 6TH FLOOR, , 700020, India

Frequently Asked Questions

What is the current share price of Northern Spirits Ltd.?

The current share price of Northern Spirits Ltd. is ₹ 118.60 as of 7 Oct 2026.

What is the market capitalisation of Northern Spirits Ltd.?

The market capitalisation of Northern Spirits Ltd. stands at ₹ 190.37 Cr.

What is the PE ratio of Northern Spirits Ltd.?

The Price-to-Earnings (PE) ratio of Northern Spirits Ltd. is 6.56 as of the latest trailing twelve months data.

What is the ROE and ROCE of Northern Spirits Ltd.?

Northern Spirits Ltd. has a Return on Equity (ROE) of 19.97% and a Return on Capital Employed (ROCE) of 15.13% as per the latest financial reports.

What is the 52-week high and low of Northern Spirits Ltd.?

The 52-week high of Northern Spirits Ltd. is - and the 52-week low is -.

What is the dividend yield of Northern Spirits Ltd.?

The dividend yield of Northern Spirits Ltd. is 0.30% based on the current market price.

What is the FII and DII holding in Northern Spirits Ltd.?

Foreign Institutional Investors (FII) hold 0.00%, Domestic Institutional Investors (DII) hold 0.00% and retail/public investors hold 31.44% of Northern Spirits Ltd. shares.

What sector does Northern Spirits Ltd. belong to?

Northern Spirits Ltd. operates in the Services sector.

What is the beta of Northern Spirits Ltd.?

The beta of Northern Spirits Ltd. is 1.00, indicating its price volatility relative to the broader market. Over the past 1 year, Northern Spirits Ltd. has delivered an absolute return of -32.80%.

What is the RSI of Northern Spirits Ltd.?

The 14-day Relative Strength Index (RSI) of Northern Spirits Ltd. is 38.26, placing it approaching oversold territory. An RSI above 70 is considered overbought and below 30 is considered oversold.

Northern Spirits Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Northern Spirits Ltd. Shareholding Pattern

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Company Profile

Corporate Actions