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Nalwa Sons Investments

NSIL NSE
₹4,840.20 −28.50 (−0.59%)
P/E
44.90
View as Markdown
MCP
Close 4 Nov 2026 ₹4,840.20 −1,774.80 −26.8% 1Y
Start ₹6,615.00

Key Fundamentals

MicrocapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
0.48%
Debt to Equity
0.00
EPS (TTM)
₹107.81
Book Value
₹29,519.55
Market Cap
—
P/E (TTM)
44.90
P/B
0.16
ROE
0.34%
Dividend Yield
0.00%
EBITDA
₹75.60 Cr
52W High
₹7,290.00
52W Low
₹4,700.00
Day Range
₹4,800.00 – ₹4,897.00
Volume
914

Peer Comparison

Financial Services › Investment Company

Nalwa Sons Investments peer comparison
Jio Financial
₹222.2784.51₹1,43,288 Cr1.160.28%1.19%1.86%₹5,623 Cr₹1,711 Cr
Aditya Birla Capital
₹379.9525.26₹1,05,060 Cr2.440.00%12.00%—₹48,186 Cr₹4,119 Cr
Tata Investment Corporation
₹564.5066.26₹28,326 Cr0.920.61%1.44%1.57%₹404 Cr₹431 Cr
Cholamandalam Financial Holdings
₹1,374.809.67₹26,343 Cr1.670.09%17.50%—₹40,890 Cr₹6,015 Cr
TVS Holdings
₹12,237.0012.55₹24,865 Cr3.700.69%30.60%17.00%₹62,488 Cr₹3,888 Cr
Maharashtra Scooters
₹11,775.0048.32₹13,738 Cr0.421.32%1.06%1.06%₹289 Cr₹279 Cr
JSW Holdings
₹10,942.0088.41₹12,133 Cr0.340.00%0.46%0.59%₹184 Cr₹138 Cr
Nalwa Sons Investments (this company)
₹4,840.2044.90₹2,492 Cr0.160.00%0.34%0.48%₹98 Cr₹59 Cr
Median 8 companies₹3,107.5046.61₹25,604 Cr1.040.19%1.32%1.32%₹3,014 Cr₹1,071 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

39 Weak

Data confidence 100/100

Category scores

Quality
44
Weak
Returns, margins, earnings quality 22% weight
Valuation
40
Weak
Cheap vs sector & own history 24% weight
Growth
15
Poor
Sales & profit trajectory 9% weight
Financial Health
86
Strong
Solvency, leverage, coverage 9% weight
Momentum
21
Poor
Trend strength, vol-adjusted 12% weight
Ownership
28
Poor
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

2
  • Company is almost debt free.
  • Stock is trading at 0.18 times its book value

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.43% over past five years.
  • Company has a low return on equity of 0.39% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1261
OscillatorsBearish261
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
33.83
Neutral
MACD (12,26,9)
−142.79
Bearish
SMA (50)
5,365.26
Bearish
SMA (200)
5,585.23
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+12.91%
5Y+8.55%
3Y−8.99%
1Y−19.20%
TTM−20.33%

Net profit

Net profit growth by window
10Y+11.61%
5Y+5.80%
3Y−15.06%
1Y+23.91%
TTM+37.21%

Operating cash flow

Operating cash flow growth by window
10Y+10.53%
5Y−0.40%
3Y−12.04%
1Y−20.97%
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−4.75 pp
5Y+6.59 pp
3Y−18.03 pp
1Y+24.05 pp
TTM+31.21 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹34.00 Cr
Mar 2018₹36.00 Cr
Mar 2019₹43.00 Cr
Mar 2020₹59.00 Cr
Mar 2021₹67.00 Cr
Mar 2022₹97.00 Cr
Mar 2023₹134 Cr
Mar 2024₹89.00 Cr
Mar 2025₹125 Cr
Mar 2026₹101 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹18.00 Cr
Mar 2018₹8.00 Cr
Mar 2019₹79.00 Cr
Mar 2020₹19.00 Cr
Mar 2021₹43.00 Cr
Mar 2022₹66.00 Cr
Mar 2023₹93.00 Cr
Mar 2024₹56.00 Cr
Mar 2025₹46.00 Cr
Mar 2026₹57.00 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Nalwa Sons Investments Ltd is a ₹2,771 Cr market cap financial services holding company trading at just 0.18x book value with a PE of 49x. The company is virtually debt-free but delivers near-zero ROE (0.39% over 3 years) and has seen sales decline 19% TTM, while paying no dividends despite reporting profits.

Bull Case 8
  • Stock trades at 0.18x book value, indicating massive discount to net asset value of its underlying holdings
  • Company is almost debt-free, eliminating balance sheet risk and interest burden
  • 10-year stock CAGR of 22% demonstrates long-term wealth creation despite operational weakness
  • 5-year stock CAGR of 26% shows sustained investor interest in the holding company structure
  • 10-year compounded profit growth of 11% indicates a long-term earnings trajectory that is positive
  • 10-year compounded sales growth of 13% suggests the underlying business portfolio has delivered reasonable top-line expansion over the longer term
  • Company is expected to deliver a good upcoming quarter based on current estimates
  • 5-year compounded profit growth of 5% shows the company has remained profitable through cycles
Bear Case 8
  • Return on equity is effectively zero at 0.39% over 3 years, indicating extremely poor capital efficiency
  • TTM sales have declined 19%, signaling sharp deterioration in revenue generation
  • Despite reporting repeated profits, the company pays zero dividend, offering no income return to shareholders
  • 3-year compounded sales growth is negative at -9%, showing a sustained revenue contraction trend
  • PE ratio of 49x is elevated for a company with near-zero ROE and declining sales
  • 3-year compounded profit growth is negative at -16%, indicating earnings erosion over the medium term
  • Stock has declined 26% over the past 1 year, reflecting significant recent price weakness
  • 5-year sales growth of only 8.43% is poor for an investment/holding company in a growing economy

This is AI-generated analysis, not financial advice. Do your own due diligence.

Quarterly Results

₹ Cr
NSIL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
25
27
26
11
40
60
14
12
37
25
12
27
34
Expenses
1
1
5
6
1
15
2
43
4
3
1
18
1
Operating Profit
24
26
20
5
39
44
11
−31
33
21
11
10
34
OPM %
95%
96%
79%
43%
98%
74%
82%
−251%
88%
86%
95%
35%
98%
Other Income
0
0.06
0
0.04
0
1
0
0
0
2
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
PBT
24
26
20.37
5
39
45
11
−30
33
23
11
9
34
Tax %
31%
21%
16%
63%
25%
23%
26%
−13%
21%
22%
33%
41%
21%
Net Profit
17
21
17
2
29
35
8
−26
26
18
8
6
27
EPS (₹)
33.88
38.88
33.55
3.25
56.77
68.14
15.89
−49.86
50.21
30.61
14.58
10.71
51.91

Profit & Loss

₹ Cr
NSIL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
31
30
34
36
43
59
67
97
134
89
125
101
98
Expenses
17
6
12
26
19
50
21
17
8
14
61
26
22
Operating Profit
13
24
22
10
24
9
46
80
125
75
64
76
76
OPM %
43%
80%
65%
29%
56%
16%
68%
82%
94%
84%
51%
75%
77%
Other Income
0
1
0
0
60
0
2
0
0
1
1
1
2
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
PBT
13
24
22
11
84
9
48
80
124
76
65
76
77
Tax %
9%
23%
18%
19%
7%
−110%
9%
18%
26%
25%
29%
26%
—
Net Profit
12
19
18
8
79
19
43
66
93
56
46
57
58
EPS (₹)
23.54
36.53
36.47
22.21
152
38.18
83.74
129
177
110
90.94
106
108
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
NSIL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5
5
5
5
5
5
5
5
5
5
5
5
Reserves
318
334
354
365
443
3,182
5,101
7,934
7,988
12,600
16,678
15,168
Borrowings
31
33
32
33
1
2
0
0
0
0
0
3
Other Liabilities
43
44
44
42
32
208
663
1,477
1,448
1,951
2,264
2,009
Total Liabilities
397
416
436
445
481
3,397
5,769
9,417
9,442
14,556
18,947
17,184
Fixed Assets
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
Investments
167
197
232
235
254
3,141
5,492
9,079
9,081
14,148
18,507
16,744
Other Assets
230
220
203
210
227
256
277
338
361
407
440
440
Total Assets
397
416
436
445
481
3,397
5,769
9,417
9,442
14,556
18,947
17,184

Cash Flow

₹ Cr
NSIL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
17
18
24
22
25
20
50
42
72
41
62
49
Investing
−18
−19
−26
−13
−3
−20
−48
−41
−68
−30
−75
−49
Financing
1
2
−1
0
−31
0
−2
0
−1
0
0
3
Net Cash Flow
1
1
−2
10
−10
0
0
1
4
11
−14
2
Free Cash Flow
17
18
24
22
24
20
50
42
72
41
62
49
CFO/EBITDA
181
100
130
252
112
241
112
65
81
75
128
89

Ratios

NSIL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
27
91
30
26
0
0
0
0
0
0
3
15
Inventory Days
—
676
197
147
1,142
1,368
1,252
764
—
1,099
758
658
Days Payable
—
1,158
330
331
0
0
2
1
—
2
22
83
Cash Conversion Cycle
27
−391
−103
−158
1,142
1,368
1,249
763
0
1,097
738
591
Working Capital Days
2,436
1,908
1,244
1,083
1,229
363
232
175
113
186
128
159
ROCE %
4%
6%
5%
2%
10%
0%
1%
1%
2%
1%
0%
0%

Insights

Beta

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

Log in to view Nalwa Sons Investments insights

61 extracted metrics across FY13–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 55.62%
  • Others 20.76%
  • Public 17.42%
  • FIIs 6.05%
  • DIIs 0.15%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Nalwa Sons Investments

What does Nalwa Sons Investments Ltd do?
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.
Where is Nalwa Sons Investments Ltd (NSIL) listed?
Nalwa Sons Investments Ltd trades as NSIL on the NSE and under code 532256 on the BSE.
Which sector does Nalwa Sons Investments Ltd belong to?
Nalwa Sons Investments Ltd is classified under the Financial Services sector, in the Investment Company industry.
What is the PE ratio of Nalwa Sons Investments Ltd?
Nalwa Sons Investments Ltd trades at a PE ratio of 44.90 as of 4 Nov 2026, on earnings per share of ₹107.81, against a book value of ₹29,519.55 per share.
What is the 52-week high and low of Nalwa Sons Investments Ltd?
Over the last 52 weeks Nalwa Sons Investments Ltd has traded between ₹4,700 and ₹7,290 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Nalwa Sons Investments Ltd?
Nalwa Sons Investments Ltd reported a return on equity of 0.34%. Its debt-to-equity ratio is 0.00.

Company Information

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.

Website nalwasons.com
CEO Mr. Mahender Kumar Goel
Employees 4
Listed 17 Nov 2003
Face Value ₹10

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