Nirlon Limited - real estate and construction in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L17120MH1958PLC011045 Incorporated 12 March 1958 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 500307 Public Limited Company real estate and construction
Data last updated
Market Cap
₹5,648 Cr
NIRLON · NSE
Share Price
₹620.25
-1.03% today
Revenue
₹669 Cr
FY 2025-26 · +5.2% YoY
EBITDA
₹521 Cr
Margin 77.9%
Net Profit
₹346 Cr
FY 2025-26 · +58.3% YoY
ROE
83.8%
ROCE 26.6%
Debt / Equity
2.78
Interest cover 23.2x
Authorised capital
₹150 Cr
Registered with MCA

About Nirlon Limited

Data last updated:

Nirlon Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Reco Berry Pvt. Ltd. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 12 March 1958 and has been in existence for over 68 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L17120MH1958PLC011045. Its GSTIN is 27AAACN4042N1ZC (Maharashtra). The company holds 3 GST registrations, of which 1 is active. Its shares are listed on BSE: 500307.

The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹90.12 Cr. It was formerly known as Nirlon Synthetic Fibers & Chemicals Limited and Nanubhai Industries Private Limited. It is led by directors including Rahul Virenchee Sagar (Whole-Time Director) and Rajinder Pal Singh.

Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pahadi Village Goregaon East, Mumbai, Maharashtra, India – 400063.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹669.17 Cr, a growth of 5.2% compared to the previous year. For the same year it recorded a net profit of ₹345.94 Cr (net margin 51.7%) and EBITDA of ₹521.22 Cr (EBITDA margin 77.9%). The net worth stands at ₹468.61 Cr (up 31.3% YoY). Total assets are valued at ₹1,864.85 Cr (up 7.2% YoY).

The company has about 3 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Nirlon Limited. As per MCA filings, the company has open charges of ₹1,230 Cr and satisfied charges of ₹1,669.95 Cr on record. Court records list 225 cases involving the company, including 144 filed by the company and 63 filed against it; 9 cases are pending. The company has 52 deals on record (39 market trades, 10 secondary share transfers, 3 funding rounds), with disclosed funding of ₹209.91 Cr; the latest was in February 2026. Its 10 peer companies in the Real Estate industry (Builders and Developers, Infrastructure Services) are compared by revenue, 5 larger and 5 smaller; the largest is Ganga Global Homes Private Limited with revenue of ₹658.99 Cr. The company has 14 MSME Form 1 returns on record between 2015 and 2024, listing 71 overdue payments to 15 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nirlonltd.com.

Company Details of Nirlon Limited
CIN L17120MH1958PLC011045
Registration Number 011045
Incorporation Date 12 March 1958
ROC Mumbai
Listing Status Listed (BSE: 500307)
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Reco Berry Pvt. Ltd
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    Pahadi Village Goregaon East, Mumbai, Maharashtra, India – 400063
  • Industry
    Real Estate and Construction, Real Estate Builders & Developers
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Financials, compliance, directors, charges, ownership and filings for Nirlon Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Nirlon Limited

The main business activity of Nirlon is real estate. In detail, this covers real estate activities with own or leased property.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
LReal EstateL1Real estate activities with own or leased propertyLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
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Financials of Nirlon Limited FY 2025-26 filings available

Nirlon Limited reported revenue of ₹669.17 Cr (up 5.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹669 Cr
+5.2% YoY
EBITDA
₹521 Cr
+3.6% YoY
Profit After Tax
₹346 Cr
+58.3% YoY
Net Worth
₹469 Cr
+31.3% YoY
Total Assets
₹1,865 Cr
+7.2% YoY
Total Debt
₹1,147 Cr
+0.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue669636603573384317310
Revenue growth+5.2%+5.5%+5.3%+49.2%+21.2%+2.2%-
EBITDA521503477458297237231
EBITDA margin+77.9%+79.1%+79.1%+80.0%+77.5%+74.8%+74.5%
Profit before tax372338302233190177146
Net profit346219206158111127110
Net profit margin+51.7%+34.4%+34.1%+27.6%+28.9%+40.2%+35.5%
EPS (₹)38.3924.2122.8117.5212.3014.1412.15
Balance sheet
Total assets1,8651,7401,7361,7461,8671,7011,642
Net worth469357373402478574454
Total debt1,1471,1461,1461,1451,178978989
Cash & bank29817460.9523.001002.8412.65
Net working capital148(45.84)(116)(162)(97.54)(108)(53.04)
Cash flow
Cash from operations477480425377340209311
Cash from investing(309)(38.10)(50.68)(90.45)(159)(120)(325)
Cash from financing(322)(332)(337)(365)(86.22)(99.60)22.07
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue168171170165163158161160
Revenue growth (YoY)+3.3%+8.2%+5.3%+3.2%+4.2%---
Other income4.363.373.183.554.052.632.562.32
Total expenses39.1238.6038.2035.9435.2135.0130.4131.59
EBITDA129132132129128123131129
EBITDA margin+76.8%+77.4%+77.5%+78.3%+78.4%+77.8%+81.2%+80.3%
Depreciation13.9514.1813.8313.7913.7813.4614.4114.37
Interest26.2825.9827.8726.0927.9128.2729.3529.74
Profit before tax93.3295.5593.2193.0490.1583.9189.7386.83
Tax23.9324.9623.89(54.63)31.7530.3731.4330.35

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue168171170165163158161160
Revenue growth (YoY)+3.3%+8.2%+5.3%+3.2%+4.2%---
Other income4.363.373.183.554.052.632.562.32
Total expenses39.1238.6038.2035.9435.2135.0130.4131.59
EBITDA129132132129128123131129
EBITDA margin+76.8%+77.4%+77.5%+78.3%+78.4%+77.8%+81.2%+80.3%
Depreciation13.9514.1813.8313.7913.7813.4614.4114.37
Interest26.2825.9827.8726.0927.9128.2729.3529.74
Profit before tax93.3295.5593.2193.0490.1583.9189.7386.83
Tax23.9324.9623.89(54.63)31.7530.3731.4330.35
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue669636603573384317310
Revenue growth+5.2%+5.5%+5.3%+49.2%+21.2%+2.2%-
Other income14.158.894.242.962.782.460.99
Total expenses14813312611586.5879.7279.12
Employee cost6.266.015.115.024.814.905.30
EBITDA521503477458297237231
EBITDA margin+77.9%+79.1%+79.1%+80.0%+77.5%+74.8%+74.5%
Depreciation55.5856.3356.4210375.4948.7053.25
Interest10811712312634.5914.0332.13
Profit before tax372338302233190177146
Tax25.9612095.9774.6279.2549.5137.02
Net profit346219206158111127110
Net profit margin+51.7%+34.4%+34.1%+27.6%+28.9%+40.2%+35.5%
EPS (₹)38.3924.2122.8117.5212.3014.1412.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital90.1290.1290.1290.1290.1290.1290.12
Reserves & surplus378267283312388484364
Shareholders' funds (net worth)469357373402478574454
Secured loans1,1471,1461,1461,1451,178978989
Unsecured loans0.000.000.000.000.000.000.00
Total debt1,1471,1461,1461,1451,178978989
Total liabilities1,8651,7401,7361,7461,8671,7011,642
Assets
Gross block2,9092,8642,8512,7982,7391,3711,355
Net block1,8321,8701,9101,9321,986705741
Capital work in progress7.028.952.626.0513.161,140948
Investments0.000.000.000.000.000.000.00
Inventories0.000.000.000.000.000.000.00
Sundry debtors3.333.823.202.853.151.883.92
Cash & bank balances29817460.9523.001002.8412.65
Loans & advances36.8331.2814.1013.9312.2116.9318.01
Total current assets33820978.2539.7811621.6534.58
Total current liabilities19025519420221313087.62
Net working capital148(45.84)(116)(162)(97.54)(108)(53.04)
Total assets1,8651,7401,7361,7461,8671,7011,642
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash16453.9317.2596.251.6211.603.93
Net cash from operating activities477480425377340209311
Net cash from investing activities(309)(38.10)(50.68)(90.45)(159)(120)(325)
Net cash from financing activities(322)(332)(337)(365)(86.22)(99.60)22.07
Net change in cash(154)11036.68(79.00)94.63(9.97)7.66
Closing cash29817460.9523.001002.8412.65
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+5.2%+5.5%+5.3%+49.2%+21.2%+2.2%-
EBITDA growth+3.7%+5.4%+4.2%+54.0%+25.4%+2.7%-
PBT growth+9.9%+12.2%+29.7%+22.4%+7.4%+20.8%+48.3%
Net income growth+58.3%+6.3%+30.1%+42.3%-12.8%+15.8%-
Revenue CAGR (3Y)+5.3%+18.3%+23.9%+22.7%+8.7%+2.9%+2.5%
EBITDA CAGR (3Y)+4.4%+19.1%+26.2%+25.7%+9.6%+2.5%+1.4%
Profitability & leverage
Net income margin+51.7%+34.3%+34.1%+27.6%+28.9%+40.2%+35.3%
Return on capital employed+26.6%+26.2%+24.4%+19.8%+12.6%+11.4%+12.1%
Return on net worth+83.8%+59.8%+53.1%+35.9%+21.1%+24.8%+27.2%
Debt / equity2.783.142.962.642.051.912.29
Long-term debt / equity2.783.142.962.541.971.892.25
Interest cover23.1626.2129.3535.3815.597.4418.09
Efficiency & per share
Fixed asset turnover0.230.220.210.210.190.230.23
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover187.18181.22199.38190.88152.66109.2898.57
EPS (₹)38.3924.2122.8117.5212.3014.1412.15
Dividend per share (₹)30.0026.0026.0026.0026.008.000.75
Book value per share (₹)52.0039.6141.4044.5953.0463.7450.36
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Peer Comparison of Nirlon Limited

Nirlon Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers, Infrastructure Services). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Nirlon Limited this company₹669.17 Cr (FY 2026)••••••••5.2%••••Mumbai, Maharashtra, India
Ganga Global Homes Private Limited₹658.99 Cr (FY 2025)••••••••6676.0%••••New Delhi, Delhi, India
HN Safal Infra Developers Private Limited₹657.89 Cr (FY 2025)••••••••176.0%••••Ahmedabad, Gujarat, India
Bramhacorp Limited₹654.52 Cr (FY 2025)••••••••13.0%••••Pune, Maharashtra, India
Meenakshi Infrastructures Private Limited₹646.98 Cr (FY 2024)••••••••-5.0%••••Hyderabad, Telangana, India
Sepc Limited Listed₹646.02 Cr (FY 2025)••••••••6.0%••••Chennai, Tamil Nadu, India
Hazoor Multi Projects Limited Listed₹643.67 Cr (FY 2025)••••••••17.0%••••Mumbai, Maharashtra, India
Shree Naman Developers Private Limited₹642.58 Cr (FY 2025)••••••••44.0%••••Mumbai, Maharashtra, India
Ramky Estates and Farms Limited₹638.31 Cr (FY 2025)••••••••31.0%••••Hyderabad, Telangana, India
Pranav Constructions Limited₹638.24 Cr (FY 2025)••••••••42.0%••••Mumbai, Maharashtra, India
Aawam Residency Private Limited₹637.56 Cr (FY 2025)••••••••6517.0%••••Gurgaon, Haryana, India

Peers are the five companies nearest above and the five nearest below Nirlon by revenue in the Real Estate industry (Builders and Developers, Infrastructure Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Nirlon Limited

Nirlon Limited is audited by S R B C & CO LLP for the financial year 2023.

NameStatusAppointment DateCessation Date
S R B C & CO LLPLockedLockedLocked
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Complete auditor history

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Board of Directors of Nirlon Limited

Nirlon has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kunnasagaran ChinniahNominee Director28 Apr 201610 Years 5 MonthsCurrent
Rajinder Pal SinghDirector13 May 20197 Years 4 MonthsCurrent
Rahul Virenchee SagarWhole-Time Director01 Apr 201511 Years 6 MonthsCurrent
Anjali Karamnarayan SethDirector13 May 20197 Years 4 MonthsCurrent
Chandresh Haridas RuparelDirector26 Sep 20251 Years 0 MonthsCurrent
Arjun KhullarNominee Director20 Jun 20242 Years 3 MonthsCurrent

Shareholding Pattern of Nirlon Limited

Shareholding for the quarter ended Sep 2026: promoters hold 67.60%, foreign institutional investors hold 4.50%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 27.90%.

Promoters: 67.60%FII (Foreign Institutional): 4.50%Retail & Others: 27.90%
Sep 2026
QUARTER
67.60% Promoters
4.50% FII (Foreign Institutional)
27.90% Retail & Others
Promoter holding - history
Now 67.60% · Sep 2026High 67.70% · Dec 2025Low 67.60% · Sep 2026
66%66.8%67.5%68.3%69%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 67.70%Mar 2026: 67.70%Jun 2026: 67.70%Sep 2026: 67.60%67.70%67.60%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters67.60%67.70%67.70%67.70%
Public32.40%32.30%32.30%32.30%

Charges & Borrowings of Nirlon Limited

Open charges
₹1,230 Cr
Satisfied charges
₹1,669.95 Cr
Breakdown by lending institutions
The Hongkong and Shanghai Banking Corporation Limited₹1,230.00 Cr
Latest charge details
DateLenderAmountStatus
30 Apr 2022The Hongkong and Shanghai Banking Corporation Limited₹1,230 CrOpen
05 Jun 2018Others₹500 CrSatisfied
17 Oct 2012Housing Development Finance Corporation Limited₹560 CrSatisfied
11 Oct 2010Bank of India₹7 LakhSatisfied
24 May 2007Bank of India₹22.5 LakhSatisfied

Total charge records: 9 View all charges

Deals & Funding of Nirlon Limited

Nirlon Limited has 52 deals on record (39 market trades, 10 secondary share transfers, 3 funding rounds), with disclosed funding of ₹209.91 Cr; the latest was in February 2026.

Total deals
52
Market trades
39
Secondary share transfers
10
Funding rounds
3
Disclosed funding
₹209.91 Cr

Deals on record (5 of 52)

WhenDealAmountParties
Aug 2011Market trade₹5.8 CrBuyer: Danke Dealers Pvt.Ltd.
Seller: Winstar India Inv Co Ltd Pcc Winstar Value Cell
Dec 2008Market trade₹6.91 CrBuyer: Kampilya Investments Private Limited , Matterhorn Ventures
Seller: Citigroup Global Markets Mauritius Pvt Ltd
Sep 2008Secondary share transferUndisclosedBuyer: Shital Trading and Interiors Private Limited , an individual
Seller: Others Nirlon Limited
Jan 2008Market trade₹10 CrBuyer: Citigroup Global Markets India Private Limited
Nov 2007Market trade₹6.97 CrBuyer: Citigroup Global Markets India Private Limited
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Full deal history

All 52 deals with amounts, valuations, instruments and every party are in the company report.

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Nirlon Limited

Nirlon Limited has 14 MSME Form 1 returns on record between 2015 and 2024, listing 71 overdue payments to 15 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 15)

SupplierAmount dueDue sinceReported on
Shilpa Road Safety Private Limited••••••••••••
Hitachi Lift India Private Limited••••••••••••
an individual supplier••••••••••••
Asr Firecheck Systems Private Limited••••••••••••
an individual supplier••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 14 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Associated Brands with Nirlon Limited

Nirlon operates one associated brand: Nirlon Limited. Each brand links to its own profile.

BrandDescriptionWebsite
Diversified real estate development services are provided by Nirlon.nirlonltd.com

Employees and EPFO Compliance at Nirlon Limited

Nirlon Limited has a workforce of 3 employees as of Apr 05, 2024.

Employee count
3
Active EPFO establishments
2
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Name History of Nirlon Limited

Nirlon has undergone 2 name changes throughout its history. The company was previously known as Nirlon Synthetic Fibers & Chemicals Limited, and Nanubhai Industries Private Limited. The current legal name is Nirlon Limited.

Company NameStatus
Nirlon LimitedCurrent
Nirlon Synthetic Fibers & Chemicals LimitedPrevious
Nanubhai Industries Private LimitedPrevious

CIN History of Nirlon Limited

Nirlon has one previous CIN (Corporate Identification Number): U17120MH1958PLC011045. The current CIN is L17120MH1958PLC011045, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L17120MH1958PLC011045Current
U17120MH1958PLC011045Previous

Recent Activity on Nirlon Limited

Nirlon Limited has 24 board changes on record since 1996: 16 appointments and 8 cessations. The latest: Srinivasan Sridhar ceased to be Director on 28 Sep 2025.

Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 1,230.00 Cr registered on 30 Apr 2022 with Charge ID 100566730 was modified on 14 May 2026.
Ceased
Srinivasan Sridhar ceased to be Director.
Appointed
Chandresh Haridas Ruparel was appointed as Director.
AGM
Nirlon Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Filing
Nirlon Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Arjun Khullar was appointed as Nominee Director.
Ceased
Kunal Virenchee Sagar ceased to be Director.
Appointed
Manish Bhalchandra Parikh was appointed as CFO.
Charges
A charge registered on 05 Jun 2018 via Charge ID 100183746 with Others was fully satisfied on 10 May 2022.
Charges
A charge registered on 17 Oct 2012 via Charge ID 10419537 with Housing Development Finance Corporation Limited was fully satisfied on 10 May 2022.
Charges
A charge registered on 03 Apr 2007 via Charge ID 10048778 with Housing Development Finance Corporation Limited was fully satisfied on 10 May 2022.
Charges
A charge registered on 10 Jun 2004 via Charge ID 90244364 with Housing Development Finance Corporation Limited was fully satisfied on 10 May 2022.

37 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Nirlon Limited

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Credit ratings, litigation, and regulatory alerts

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Subsidiaries & Group Companies of Nirlon Limited

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Corporate group structure

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GST Compliance of Nirlon Limited

Nirlon has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
27AAACN4042N1ZCMaharashtraActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Nirlon Limited

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MCA filings and documents

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Frequently Asked Questions about Nirlon Limited

Nirlon is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 12 March 1958 (68+ years old) and is registered under CIN L17120MH1958PLC011045. Listed on BSE: 500307.

Nirlon reported revenue of ₹669.17 Cr for FY 2025-26 (up 5.2% YoY) based on standalone financials.

Nirlon has 6 current directors:

The GSTIN of Nirlon is 27AAACN4042N1ZC, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of Nirlon is L17120MH1958PLC011045. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Nirlon is listed on BSE with code 500307.

Nirlon has 225 court cases on record: 144 filed by the company and 63 filed against it. 9 are pending. Most are in the high courts.

Nirlon was incorporated on 12 March 1958, making it 68+ years old. It is registered with the Registrar of Companies, Mumbai.

Nirlon has 52 deals on record (39 market trades, 10 secondary share transfers, 3 funding rounds), with disclosed funding of ₹209.91 Cr; the latest was in February 2026.

The peers of Nirlon by revenue are Ganga Global Homes Private Limited, HN Safal Infra Developers Private Limited, Bramhacorp Limited, Meenakshi Infrastructures Private Limited, Sepc Limited and 5 more, all in the Real Estate industry (Builders and Developers, Infrastructure Services).

Srinivasan Sridhar ceased to be Director on 28 Sep 2025. Chandresh Haridas Ruparel was appointed as Director on 26 Sep 2025. Arjun Khullar was appointed as Nominee Director on 20 Jun 2024. Nirlon has 24 board changes on record in total.

Nirlon has 14 MSME Form 1 returns on record between 2015 and 2024, listing 71 overdue payments to 15 micro and small suppliers. The latest return was filed on 16 Apr 2024.

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