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Northern Spirits

542628 BSE
₹111.80

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P/E
6.18
View as Markdown
MCP
Close 4 Nov 2026 ₹111.80 −60.00 −34.9% 1Y
Start ₹171.80

Key Fundamentals

MicrocapCommercial ServicesServices

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
15.70%
Debt to Equity
1.40
EPS (TTM)
₹18.08
Book Value
₹92.93
Market Cap
—
P/E (TTM)
6.18
P/B
1.20
ROE
20.00%
Dividend Yield
0.33%
EBITDA
₹51.80 Cr
52W High
₹180.95
52W Low
₹96.60

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

55 Good

Data confidence 100/100

Category scores

Quality
55
Average
Returns, margins, earnings quality 22% weight
Valuation
66
Strong
Cheap vs sector & own history 24% weight
Growth
59
Good
Sales & profit trajectory 9% weight
Financial Health
43
Weak
Solvency, leverage, coverage 9% weight
Momentum
40
Weak
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has delivered good profit growth of 55.7% CAGR over last 5 years
  • Company's median sales growth is 57.2% of last 10 years
  • Company's working capital requirements have reduced from 17.4 days to 13.2 days

Weaknesses

2
  • Company might be capitalizing the interest cost
  • Promoters have pledged 44.8% of their holding.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1171
OscillatorsBearish270
Moving AveragesStrong Bearish901

Key readings

RSI (14)
43.71
Neutral
MACD (12,26,9)
−3.51
Bearish
SMA (50)
122.62
Bearish
SMA (200)
126.28
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+94.37%
5Y+72.31%
3Y+36.64%
1Y+18.84%
TTM+17.73%

Net profit

Net profit growth by window
10YTurned to profit
5Y+55.18%
3Y+34.89%
1Y+17.39%
TTM+19.52%

Operating cash flow

Operating cash flow growth by window
10Y+21.48%
5YTurned positive
3YTurned positive
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.17 pp
5Y−3.09 pp
3Y−0.37 pp
1Y−0.20 pp
TTM−0.28 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹16.00 Cr
Mar 2018₹25.00 Cr
Mar 2019₹110 Cr
Mar 2020₹154 Cr
Mar 2021₹152 Cr
Mar 2022₹268 Cr
Mar 2023₹905 Cr
Mar 2024₹1,235 Cr
Mar 2025₹1,943 Cr
Mar 2026₹2,309 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1.00 Cr
Mar 2018₹1.00 Cr
Mar 2019₹10.00 Cr
Mar 2020₹4.00 Cr
Mar 2021₹3.00 Cr
Mar 2022₹6.00 Cr
Mar 2023₹11.00 Cr
Mar 2024₹17.00 Cr
Mar 2025₹23.00 Cr
Mar 2026₹27.00 Cr

Quarterly Results

₹ Cr
542628 quarterly results, ₹ crore
Particulars Jun 2021Sep 2021Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
51.78
112
314
324
461
487
528
466
534
563
596
616
599
Expenses
49.1
104
306
316
451
478
507
460
521
549
584
606
582
Operating Profit
2.68
7.52
8.23
8.55
9.62
9.41
21.14
6.29
13.52
13.69
12.59
10.16
16.35
OPM %
5.18%
6.73%
2.62%
2.64%
2.09%
1.93%
4%
1.35%
2.53%
2.43%
2.11%
1.65%
2.73%
Other Income
0
0.46
0.22
0.37
0
0.5
0.13
0.23
0.34
0.36
0.25
0.91
0.5
Interest
1.05
3.06
1.95
1.98
1.5
2.56
9.1
3.02
4.02
3.94
3.19
3.89
4.53
Depreciation
0.1
0.06
0.06
0.08
0.06
0.05
0.05
0.13
0.13
0.13
0.2
0.16
0.12
PBT
1.53
4.86
6.44
6.86
8.06
7.3
12.12
3.37
9.71
9.98
9.45
7.02
12.2
Tax %
0%
25.72%
23.91%
29.3%
24.69%
23.29%
24.01%
37.69%
24%
24.05%
24.02%
29.2%
24.02%
Net Profit
1.53
3.61
4.89
4.85
6.07
5.6
9.21
2.09
7.38
7.59
7.18
4.98
9.27
EPS (₹)
0.95
2.25
3.05
3.02
3.78
3.49
5.74
1.3
4.6
4.73
4.47
3.1
5.78

Profit & Loss

₹ Cr
542628 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2
3
16
25
110
154
152
268
905
1,235
1,943
2,309
2,374
Expenses
2
4
15
23
90
146
143
255
883
1,204
1,896
2,259
2,321
Operating Profit
0
0
1
2
20
8
8
13
23
31
46
50
53
OPM %
3.1%
−13%
5%
7%
18%
5%
5%
4.8%
2.5%
2.5%
2.4%
2.2%
2.2%
Other Income
0
0
0
0
0
0
0
0
0
1
1
2
2
Interest
0
0
0
0
5
3
4
5
8
9
16
15
16
Depreciation
0
0
0
0
0
0
0
0
0
0
0
1
1
PBT
0
0
1
1
15
5
4
8
15
22
31
36
39
Tax %
17%
0%
18%
25%
35%
28%
28%
25%
25%
26%
26%
25%
—
Net Profit
0
−1
1
1
10
4
3
6
11
17
23
27
29
EPS (₹)
—
−6.38
6.62
4.25
8.56
2.25
1.85
3.74
6.93
10.32
14.31
16.91
18.08
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
2%
2%
21%
—

Balance Sheet

₹ Cr
542628 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.02
0.41
0.41
1
12
16
16
16
16
16
16
16
Reserves
0
1
1
5
29
47
50
56
67
84
107
133
Borrowings
4
2
2
5
45
43
57
68
95
138
171
209
Other Liabilities
1
5
9
9
8
2
2
2
4
1
1
23
Total Liabilities
5
8
13
21
94
108
125
142
183
239
295
381
Fixed Assets
4
4
5
5
11
10
10
10
10
11
12
11
CWIP
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
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

Cash Flow

₹ Cr
542628 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1
1
1
−7
−50
−12
−10
0
−22
−29
−7
7
Investing
−4
−1
0
0
−6
0
0
0
0
0
−1
0
Financing
3
−1
0
2
20
15
4
−3
104
34
17
22
Net Cash Flow
0
0
0
−5
−36
3
−7
−3
81
4
9
29
Free Cash Flow
−3
1
0
−7
−56
−12
−10
0
−23
−30
−8
7
CFO/EBITDA
1,480
−244
119
−422
−250
−145
−123
1
−98
−95
−15
15

Ratios

542628 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor 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
Days Payable
40
131
76
63
7
1
0
0
0
0
0
4
Cash Conversion Cycle
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
ROCE %
6%
−8%
28%
21%
41%
9%
7%
10%
14%
15%
18%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Northern Spirits insights

60 extracted metrics across FY13–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 66.97%
  • Public 21.80%
  • Others 11.22%
  • DIIs 0.02%

44.80% of promoter holding pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Northern Spirits

What does Northern Spirits Ltd do?
Incorporated in 2012, Northern Spirits Ltd imports and distributes alcoholic beverages and liquor
Where is Northern Spirits Ltd (NSL) listed?
Northern Spirits Ltd trades under code 542628 on the BSE.
Which sector does Northern Spirits Ltd belong to?
Northern Spirits Ltd is classified under the Commercial Services sector, in the Trading & Distributors industry.
What is the PE ratio of Northern Spirits Ltd?
Northern Spirits Ltd trades at a PE ratio of 6.18 as of 4 Nov 2026, on earnings per share of ₹18.08, against a book value of ₹92.93 per share.
What is the 52-week high and low of Northern Spirits Ltd?
Over the last 52 weeks Northern Spirits Ltd has traded between ₹96.6 and ₹180.95 as of 4 Nov 2026.
Does Northern Spirits Ltd pay dividends?
Northern Spirits Ltd has a dividend yield of 0.33%.
What is the Return on Equity (ROE) of Northern Spirits Ltd?
Northern Spirits Ltd reported a return on equity of 20.00%. Its debt-to-equity ratio is 1.40.

Company Information

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

Website northernspirits.co.in
Listed 4 Apr 2019
Face Value ₹10

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