In Week of Mar 28, 2026, Nirlon Ltd (Realty - Commercial) is outperforming Nifty 500 with +10.9% relative strength. Fundamentals: Average.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 (ended December 31, 2025) earnings • Updated Mar 28, 2026
What: Portfolio re-leasing at 15-20% higher market rates starting Q1 FY27
Impact: +₹250 Cr revenue
“Management stated: 'increase in renter income till FI27 as there is uh renewals are negligible so market rate renewal will also be negligible'”
What: D/E ratio down to 0.15x from 0.22x YoY reducing interest costs
“Management stated: 'We have been consistently reducing leverage through operational cash flows'”
Earnings deceleration risks from management commentary
Trigger: Tenant churn in premium properties
Impact: -200 bps margin impact
Management view: Not explicitly addressed in transcript
Monitor: Quarterly occupancy rates
Trigger: RBI rate hikes beyond current cycle
Management view: Not directly addressed but low debt provides buffer
Monitor: D/E ratio and interest coverage
Key quotes from recent conference calls
“For the third quarter the company reported a total income of 173 crores which grew by around 6% uh year on year — Manish B. Parikh”
“Profit after tax for the quarter was INR 69 crores with pack margins at 40.0. 4% — Manish B. Parikh”
“increase in renter income till FI27 as there is uh renewals are negligible so market rate renewal will also be negligible — Management”
Forward-looking targets from management for FY27
Revenue Growth Target
15%
Implied PAT Growth
18%
OPM Guidance
40%
Capex Plan
₹300 Cr
Key Milestones
• Market rate lease renewals completed by Q2 FY27
• D/E ratio to reach 0.10x by FY27 end
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +6% | +18% | Stable |
| PAT (Net Profit) | +19% | +25% | Stable |
| OPM | 78.0% | -300 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Mar 28, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Nirlon Ltd's latest quarterly results (Dec 2025) show
Nirlon Ltd's profit is growing with an stable trend.
Nirlon Ltd's revenue growth trend is stable.
Nirlon Ltd's operating margin is stable.
Nirlon Ltd's long-term compounding rates
Nirlon Ltd's earnings growth is stable with mixed signals on a sequential basis.
Nirlon Ltd's trailing twelve month (TTM) performance
Nirlon Ltd appears significantly undervalued based on our fair value analysis.
Nirlon Ltd's current PE ratio is 13.7x.
Nirlon Ltd's current PE is 13.7x.
Nirlon Ltd's price-to-book ratio is 9.7x.
Nirlon Ltd is rated Average with a fundamental score of 58.24/100. This score is calculated from objective financial metrics
Nirlon Ltd has a debt-to-equity ratio of N/A.
Nirlon Ltd's return ratios over recent years
Nirlon Ltd's operating cash flow is positive (FY2025).
Nirlon Ltd's current dividend yield is 5.20%.
Nirlon Ltd's shareholding pattern (Dec 2025)
Nirlon Ltd's promoter holding has decreased recently.
Nirlon Ltd has been outperforming Nifty 500 for 1 consecutive week, indicating early-stage outperformance.
Nirlon Ltd is a re-entry — it briefly dropped off the outperformance list but has now returned. Re-entries can signal renewed strength.
Nirlon Ltd has 2 key growth catalysts identified from recent earnings analysis
Nirlon Ltd has 2 key risks worth monitoring
In Q3 FY26 (ended December 31, 2025), Nirlon Ltd's management highlighted
Nirlon Ltd's management has provided the following forward guidance for FY27
Based on quantitative research signals, here is why Nirlon Ltd may be worth studying
Nirlon Ltd investment thesis summary:
Nirlon Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
