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Nirlon

BSE:500307
Snowflake Description

Acceptable track record with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
500307
BSE
₹18B
Market Cap
  1. Home
  2. IN
  3. Real Estate
Company description

Nirlon Limited engages in the development and management of an industrial park. The last earnings update was 42 days ago. More info.


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500307 Share Price and Events
7 Day Returns
2.8%
BSE:500307
3.9%
IN Real Estate
0.5%
IN Market
1 Year Returns
-0.6%
BSE:500307
-11.3%
IN Real Estate
2.7%
IN Market
500307 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nirlon (500307) 2.8% 2.9% 2.8% -0.6% 12.5% 215%
IN Real Estate 3.9% 14.2% 8.7% -11.3% 61.7% 57.6%
IN Market 0.5% 9.2% 3.4% 2.7% 43.6% 79%
1 Year Return vs Industry and Market
  • 500307 outperformed the Real Estate industry which returned -11.3% over the past year.
  • 500307 underperformed the Market in India which returned 2.7% over the past year.
Price Volatility
500307
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Nirlon undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nirlon to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nirlon.

BSE:500307 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 18.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:500307
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.097 (1 + (1- 35%) (42.1%))
1.267
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.267 * 8.6%)
18.44%

Discounted Cash Flow Calculation for BSE:500307 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nirlon is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:500307 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 18.44%)
2019 2,248.93 Est @ 5.99% 1,898.75
2020 2,394.21 Est @ 6.46% 1,706.66
2021 2,556.70 Est @ 6.79% 1,538.72
2022 2,736.07 Est @ 7.02% 1,390.28
2023 2,932.42 Est @ 7.18% 1,258.03
2024 3,146.14 Est @ 7.29% 1,139.56
2025 3,377.91 Est @ 7.37% 1,033.00
2026 3,628.61 Est @ 7.42% 936.88
2027 3,899.31 Est @ 7.46% 850.02
2028 4,191.26 Est @ 7.49% 771.39
Present value of next 10 years cash flows ₹12,523.30
BSE:500307 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹4,191.26 × (1 + 7.55%) ÷ (18.44% – 7.55%)
₹41,384.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹41,384.33 ÷ (1 + 18.44%)10
₹7,616.72
BSE:500307 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹12,523.30 + ₹7,616.72
₹20,140.02
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹20,140.02 / 90.12
₹223.48
BSE:500307 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹223.48
Current discount Discount to share price of ₹202.25
= -1 x (₹202.25 - ₹223.48) / ₹223.48
9.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Nirlon is available for.
Intrinsic value
10%
Share price is ₹202.25 vs Future cash flow value of ₹223.48
Current Discount Checks
For Nirlon to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nirlon's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Nirlon's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nirlon's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nirlon's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:500307 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹6.02
BSE:500307 Share Price ** BSE (2019-03-22) in INR ₹202.25
India Real Estate Industry PE Ratio Median Figure of 105 Publicly-Listed Real Estate Companies 16.72x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nirlon.

BSE:500307 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500307 Share Price ÷ EPS (both in INR)

= 202.25 ÷ 6.02

33.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nirlon is overvalued based on earnings compared to the IN Real Estate industry average.
  • Nirlon is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Nirlon's expected growth come at a high price?
Raw Data
BSE:500307 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
18.9%per year
India Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 1.2x
India Market PEG Ratio Median Figure of 595 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

BSE:500307 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.6x ÷ 18.9%

1.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nirlon is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Nirlon's assets?
Raw Data
BSE:500307 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹49.26
BSE:500307 Share Price * BSE (2019-03-22) in INR ₹202.25
India Real Estate Industry PB Ratio Median Figure of 163 Publicly-Listed Real Estate Companies 0.83x
India Market PB Ratio Median Figure of 3,617 Publicly-Listed Companies 1.12x
BSE:500307 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500307 Share Price ÷ Book Value per Share (both in INR)

= 202.25 ÷ 49.26

4.11x

* Primary Listing of Nirlon.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nirlon is overvalued based on assets compared to the IN Real Estate industry average.
X
Value checks
We assess Nirlon's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Nirlon has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Nirlon expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nirlon expected to grow at an attractive rate?
  • Nirlon's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Nirlon's earnings growth is expected to exceed the India market average.
  • Nirlon's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:500307 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:500307 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 18.9%
BSE:500307 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.1%
India Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 20.2%
India Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:500307 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:500307 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 3,282 707 1
2019-03-31 3,043 624 1
BSE:500307 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,960 542
2018-09-30 2,926 531
2018-06-30 2,928 516
2018-03-31 2,908 2,105 557
2017-12-31 2,756 601
2017-09-30 2,727 601
2017-06-30 2,817 616
2017-03-31 2,877 2,172 511
2016-12-31 2,741 353
2016-09-30 2,813 417
2016-06-30 2,925 482
2016-03-31 2,844 2,053 436

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nirlon's earnings are expected to grow by 18.9% yearly, however this is not considered high growth (20% yearly).
  • Nirlon's revenue is expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:500307 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Nirlon Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500307 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31 7.85 7.85 7.85 1.00
2019-03-31 6.92 6.92 6.92 1.00
BSE:500307 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 6.02
2018-09-30 5.90
2018-06-30 5.74
2018-03-31 6.18
2017-12-31 6.66
2017-09-30 6.66
2017-06-30 6.84
2017-03-31 5.67
2016-12-31 3.92
2016-09-30 4.64
2016-06-30 5.36
2016-03-31 4.84

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Nirlon will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Nirlon's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nirlon has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Nirlon performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nirlon's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nirlon's year on year earnings growth rate has been positive over the past 5 years.
  • Nirlon's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Nirlon's 1-year earnings growth is negative, it can't be compared to the IN Real Estate industry average.
Earnings and Revenue History
Nirlon's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nirlon Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500307 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,959.98 541.77 95.52
2018-09-30 2,925.59 531.24 92.39
2018-06-30 2,927.50 515.94 55.75
2018-03-31 2,907.77 556.90 87.81
2017-12-31 2,755.58 600.85 86.80
2017-09-30 2,727.44 601.04 88.85
2017-06-30 2,816.59 615.88 104.85
2017-03-31 2,876.56 510.80 84.14
2016-12-31 2,741.00 352.58 121.83
2016-09-30 2,812.72 417.44 123.86
2016-06-30 2,924.97 482.32 113.87
2016-03-31 2,844.01 435.66 124.24
2015-12-31 2,692.59 478.40 185.48
2015-09-30 2,544.71 393.54 180.52
2015-06-30 2,427.13 311.03 124.87
2015-03-31 2,359.23 325.76 103.53
2014-12-31 2,327.58 556.01 140.58
2014-09-30 2,274.83 442.21 144.31
2014-06-30 2,160.88 361.27 99.00
2014-03-31 1,987.61 316.36 138.99
2013-12-31 1,805.30 311.76 115.68
2013-09-30 1,695.88 287.70 112.16
2013-06-30 1,478.84 230.03 65.73
2013-03-31 1,578.21 120.31 121.32
2012-12-31 1,461.63 49.09 148.08
2012-09-30 1,396.62 -61.22 149.38
2012-06-30 1,211.23 -152.48 107.97
2012-03-31 1,356.27 -196.44 157.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Nirlon has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nirlon used its assets more efficiently than the IN Real Estate industry average last year based on Return on Assets.
  • Nirlon has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nirlon's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nirlon has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Nirlon's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nirlon's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nirlon's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Nirlon's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Nirlon's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nirlon Company Filings, last reported 2 months ago.

BSE:500307 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,429.83 7,783.91 21.07
2018-09-30 4,429.83 7,783.91 21.07
2018-06-30 4,204.12 6,108.66 377.96
2018-03-31 4,204.12 6,108.66 371.16
2017-12-31 13,543.34 6,130.23 298.09
2017-09-30 13,543.34 6,130.23 298.09
2017-06-30 15,048.66 5,288.78 172.97
2017-03-31 3,728.74 6,084.45 166.29
2016-12-31 14,843.32 5,726.46 318.47
2016-09-30 14,843.32 5,726.46 318.47
2016-06-30 14,555.93 5,957.87 35.14
2016-03-31 14,557.48 6,629.55 35.14
2015-12-31 14,507.23 6,256.67 21.79
2015-09-30 14,507.23 6,256.67 21.79
2015-06-30 14,201.61 6,469.99 94.61
2015-03-31 14,201.61 7,150.73 94.61
2014-12-31 17,534.63 6,191.46 126.84
2014-09-30 17,534.63 6,191.46 126.84
2014-06-30 17,446.59 6,021.79 57.16
2014-03-31 17,446.59 6,614.89 57.16
2013-12-31 16,628.30 6,743.15 49.78
2013-09-30 16,628.30 6,743.15 49.78
2013-06-30 16,608.53 6,530.35 108.15
2013-03-31 16,608.53 6,845.18 108.15
2012-12-31 16,529.88 5,741.06 27.43
2012-09-30 16,529.88 5,741.06 27.43
2012-06-30 16,682.35 5,370.98 12.98
2012-03-31 16,682.35 5,759.30 12.98
  • Nirlon's level of debt (175.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (40.5% vs 175.7% today).
  • Debt is well covered by operating cash flow (27%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Nirlon's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nirlon has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Nirlon's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.37%
Current annual income from Nirlon dividends.
If you bought ₹2,000 of Nirlon shares you are expected to receive ₹7 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Nirlon's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Nirlon's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:500307 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 0.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:500307 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2020-03-31
2019-03-31
BSE:500307 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-27 0.750 0.386
2017-04-27 0.750 0.359
2016-04-28 0.750 0.366
2015-09-24 0.750 0.414
2014-10-08 0.750 0.424

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Nirlon has been paying a dividend for less than 10 years.
  • Nirlon has only been paying a dividend for 4 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Nirlon's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Nirlon's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nirlon afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nirlon has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Nirlon's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rahul Sagar
COMPENSATION ₹23,168,000
AGE 47
TENURE AS CEO 0.3 years
CEO Bio

Mr. Rahul V. Sagar has been an Executive Director of Nirlon Ltd. since June 24, 2006 and has been its Chief Executive Officer since November 12, 2018. Mr. Sagar serves as the Chief Operating Officer of Sempertrans Nirlon Pvt. Ltd., a Nirlon Ltd.'s s Conveyor Belting Joint Venture. He serves as a Director of Nyloc Strappings Ltd. Mr. Sagar holds a B.A. in Economics.

CEO Compensation
  • Rahul's compensation has been consistent with company performance over the past year.
  • Rahul's remuneration is higher than average for companies of similar size in India.
Management Team

Rahul Sagar

TITLE
Executive Director & CEO
COMPENSATION
₹23M
AGE
47
TENURE
0.3 yrs

Manish Parikh

TITLE
Chief Financial Officer
COMPENSATION
₹5M
AGE
56

Jasmin Bhavsar

TITLE
Company Secretary
COMPENSATION
₹11M
AGE
46
Board of Directors Tenure

Average tenure and age of the Nirlon board of directors in years:

13.7
Average Tenure
71.5
Average Age
  • The average tenure for the Nirlon board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Moosa Raza

TITLE
Chairman
COMPENSATION
₹1,000K
AGE
81
TENURE
12.4 yrs

Rahul Sagar

TITLE
Executive Director & CEO
COMPENSATION
₹23M
AGE
47
TENURE
12.8 yrs

Arjan Gurbuxani

TITLE
Non-Executive Independent Director
COMPENSATION
₹900K
AGE
84
TENURE
25.2 yrs

Rama Varma

TITLE
Non-Executive Independent Director
COMPENSATION
₹950K
AGE
69
TENURE
41 yrs

Kunal Sagar

TITLE
Non-Executive Director
COMPENSATION
₹350K
AGE
50
TENURE
3.5 yrs

Aruna Makhan

TITLE
Non-Executive Independent Director
COMPENSATION
₹900K
AGE
74
TENURE
14.7 yrs

Rajani Bhagat

TITLE
Non- Executive Director
COMPENSATION
₹300K
AGE
80
TENURE
16 yrs

Kunna Chinniah

TITLE
Non Executive Director
COMPENSATION
₹250K
AGE
61
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
14. Mar 19 Sell Shital Trading & Investment Company Pvt Ltd Company 07. Mar 19 11. Mar 19 -7,500 ₹198.99 ₹-1,492,450
11. Mar 19 Sell Shital Trading & Investment Company Pvt Ltd Company 07. Feb 19 19. Feb 19 -12,575 ₹200.15 ₹-2,507,940
12. Mar 19 Sell Shital Trading And Interiors Pvt. Ltd. Company 20. Feb 19 05. Mar 19 -6,500 ₹196.46 ₹-1,277,000
14. Feb 19 Sell Shital Trading And Interiors Pvt. Ltd. Company 20. Jan 19 06. Feb 19 -7,000 ₹197.68 ₹-1,383,760
05. Feb 19 Sell Shital Trading & Investment Company Pvt Ltd Company 19. Oct 18 23. Jan 19 -49,200 ₹200.00 ₹-9,644,748
06. Sep 18 Buy Albula Investments Fund Ltd Company 22. Mar 12 04. Sep 18 6,482,882 ₹137.49 ₹891,306,047
09. Jan 19 Buy Shital Trading And Interiors Pvt. Ltd. Company 03. Sep 18 03. Sep 18 51,000 ₹192.00 ₹9,791,997
11. Dec 18 Sell Jasmin Bhavsar Individual 18. Sep 18 10. Dec 18 -5,324 ₹193.83 ₹-1,031,930
06. Sep 18 Sell Shital Trading And Interiors Pvt. Ltd. Company 24. Aug 18 31. Aug 18 -2,000 ₹194.10 ₹-388,200
29. Aug 18 Sell Shital Trading And Interiors Pvt. Ltd. Company 04. Aug 18 24. Aug 18 -12,500 ₹200.70 ₹-2,508,792
02. Aug 18 Sell Shital Trading And Interiors Pvt. Ltd. Company 06. Jul 18 26. Jul 18 -20,000 ₹191.94 ₹-3,838,784
13. Jul 18 Sell Shital Trading & Investment Company Pvt Ltd Company 01. Jun 18 03. Jul 18 -18,630 ₹188.70 ₹-3,515,510
04. Jul 18 Sell Jasmin Bhavsar Individual 04. Jul 18 04. Jul 18 -2,000 ₹194.57 ₹-389,144
28. Jun 18 Sell Jasmin Bhavsar Individual 27. Jun 18 27. Jun 18 -3,000 ₹187.85 ₹-563,558
11. Jun 18 Buy Jasmin Bhavsar Individual 08. Jun 18 08. Jun 18 1,000 ₹191.34 ₹191,345
07. Jun 18 Buy Jasmin Bhavsar Individual 19. Jun 17 06. Jun 18 2,330 ₹186.36 ₹434,211
31. May 18 Sell Shital Trading And Interiors Pvt. Ltd. Company 02. May 18 27. May 18 -10,000 ₹194.23 ₹-1,942,315
28. Apr 18 Sell Shital Trading & Investment Company Pvt Ltd Company 09. Apr 18 20. Apr 18 -9,500 ₹202.24 ₹-1,921,314
X
Management checks
We assess Nirlon's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nirlon has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Nirlon Limited engages in the development and management of an industrial park. It is involved in the development of the Nirlon Knowledge Park, an industrial/information technology park located in Goregaon, Mumbai. The company was incorporated in 1958 and is based in Mumbai, India.

Details
Name: Nirlon Limited
500307
Exchange: BSE
Founded: 1958
₹18,487,715,906
90,118,040
Website: http://www.nirlonltd.com
Address: Nirlon Limited
Pahadi Village,
Off the Western Express Highway,
Mumbai,
Maharashtra, 400063,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500307 Equity Shares Mumbai Stock Exchange IN INR 27. Feb 1995
Number of employees
Current staff
Staff numbers
3
Nirlon employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 12:32
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/01/09
Last earnings filing: 2019/02/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.