Northern Spirits Limited - food and beverages in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN L15500WB2012PLC185821 Incorporated 13 September 2012 ROC Kolkata HQ Kolkata, West Bengal, India
Active Listed - BSE: 542628 Public Limited Company food and beverages
Data last updated
Market Cap
₹178 Cr
NSL · BSE
Share Price
₹110.40
-0.45% today
Revenue
₹2,309 Cr
FY 2025-26 · +18.9% YoY
EBITDA
₹49.94 Cr
Margin 2.2%
Net Profit
₹27.15 Cr
FY 2025-26 · +18.3% YoY
P/E (TTM)
6.1x
P/B 1.2x
ROE
20.0%
ROCE 15.7%
Debt / Equity
1.40
Interest cover 30.5x

About Northern Spirits Limited

Data last updated:

Northern Spirits Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 13 September 2012 and has been in existence for over 14 years.

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L15500WB2012PLC185821. Its GSTIN is 19AAECN1130F1ZV (West Bengal). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 542628.

The company has an authorised share capital of ₹19 Cr and a paid-up capital of ₹16.05 Cr. It was formerly known as Northern Spirits Private Limited. It is led by directors including Ankush Bakshi (Managing Director) and Roshni Bakshi.

Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 5A Woodburn Park Road Woodburn Central Unit 603 6th Floor, Kolkata, West Bengal, India – 700020.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹2,308.97 Cr, a growth of 18.9% compared to the previous year. For the same year it recorded a net profit of ₹27.15 Cr (net margin 1.2%) and EBITDA of ₹49.94 Cr (EBITDA margin 2.2%). The net worth stands at ₹149.17 Cr (up 21.7% YoY). Total assets are valued at ₹358.42 Cr (up 21.9% YoY).

The company has about 7 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Northern Spirits. As per MCA filings, the company has open charges of ₹296.49 Cr and satisfied charges of ₹311.41 Cr on record. Court records list 12 cases involving the company, including 7 filed by the company and 5 filed against it; 3 cases are pending. The company has 28 deals on record (27 market trades, 1 ipo); the latest was in July 2025.

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

Company details

CIN L15500WB2012PLC185821
Registration Number 185821
Incorporation Date 13 September 2012
ROC Kolkata
Listing Status Listed - Listed on BSE (542628)
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Northern Spirits has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L15500WB2012PLC185821, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L15500WB2012PLC185821Current
U15500WB2012PTC185821Previous
U15500WB2012PLC185821Previous

Contact details

Northern Spirits Limited's registered office is in Kolkata, West Bengal. Its website is northernspirit.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    5A Woodburn Park Road Woodburn Central Unit 603 6th Floor, Kolkata, West Bengal, India – 700020
  • Industry
    Food and Beverages, Food & Beverage Retail & Distribution

To see the full contact details of Northern Spirits Limited, buy the company report.

Comprehensive company report
Northern Spirits Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Northern Spirits operates one associated brand: Northern Spirits. Each brand links to its own profile.

BrandDescriptionWebsite
Northern Spirits was founded in 1975 in Kolkata, India.northernspirits.co.in

Business activity

The main business activity of Northern Spirits is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Northern Spirits Limited, buy the company report.

Financials of Northern Spirits Limited

FY 2025-26 filings available

Northern Spirits Limited reported revenue of ₹2,308.97 Cr (up 18.9% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹2,309 Cr
+18.9% YoY
EBITDA
₹49.94 Cr
+7.5% YoY
Profit After Tax
₹27.15 Cr
+18.2% YoY
Net Worth
₹149 Cr
+21.7% YoY
Total Assets
₹358 Cr
+21.9% YoY
Total Debt
₹209 Cr
+22.0% 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
Revenue2,3091,9431,235905268153161
Revenue growth+18.9%+57.3%+36.5%+238.3%+75.0%-4.9%-
EBITDA49.9446.4430.9022.6012.948.158.43
EBITDA margin+2.2%+2.4%+2.5%+2.5%+4.8%+5.3%+5.2%
Profit before tax36.2030.8322.2814.917.964.135.04
Net profit27.1522.9616.5611.136.002.983.61
Net profit margin+1.2%+1.2%+1.3%+1.2%+2.2%+2.0%+2.2%
EPS (₹)16.9114.3110.326.943.741.852.25
Balance sheet
Total assets358294238179140124106
Net worth14912310083.4372.3066.3063.33
Total debt20917113895.0867.7457.2742.99
Cash & bank55.0625.9216.997.2910.304.974.81
Net working capital34728222716813011395.76
Cash flow
Cash from operations7.46(6.74)(29.29)(22.23)0.14(10.04)(12.21)
Cash from investing(0.50)(1.28)(0.32)(0.33)(0.30)0.000.00
Cash from financing22.1816.9533.55104(2.54)3.5015.16
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue599616596563534466528487
Revenue growth (YoY)+12.1%+32.0%+12.9%+15.4%+16.0%---
Other income0.500.910.250.360.340.230.130.50
Total expenses582606584549521460507478
EBITDA16.3510.1612.5813.7013.516.2921.149.40
EBITDA margin+2.7%+1.6%+2.1%+2.4%+2.5%+1.3%+4.0%+1.9%
Depreciation0.120.160.200.130.130.130.050.05
Interest4.533.893.193.944.023.029.102.56
Profit before tax12.207.029.449.999.703.3712.127.29
Tax2.932.052.272.402.331.272.911.70

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 11 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue599616596563534466528487
Revenue growth (YoY)+12.1%+32.0%+12.9%+15.4%+16.0%---
Other income0.500.910.250.360.340.230.130.50
Total expenses582606584549521460507478
EBITDA16.3510.1612.5813.7013.516.2921.149.40
EBITDA margin+2.7%+1.6%+2.1%+2.4%+2.5%+1.3%+4.0%+1.9%
Depreciation0.120.160.200.130.130.130.050.05
Interest4.533.893.193.944.023.029.102.56
Profit before tax12.207.029.449.999.703.3712.127.29
Tax2.932.052.272.402.331.272.911.70
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,3091,9431,235905268153161
Revenue growth+18.9%+57.3%+36.5%+238.3%+75.0%-4.9%-
Other income1.900.870.730.320.140.220.19
Total expenses2,2591,8961,204883255145152
Employee cost4.203.923.772.302.101.922.16
EBITDA49.9446.4430.9022.6012.948.158.43
EBITDA margin+2.2%+2.4%+2.5%+2.5%+4.8%+5.3%+5.2%
Depreciation0.600.300.230.230.120.160.24
Interest15.0416.189.127.785.004.083.34
Profit before tax36.2030.8322.2814.917.964.135.04
Tax9.057.875.723.781.961.151.43
Net profit27.1522.9616.5611.136.002.983.61
Net profit margin+1.2%+1.2%+1.3%+1.2%+2.2%+2.0%+2.2%
EPS (₹)16.9114.3110.326.943.741.852.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital16.0516.0516.0516.0516.0516.0516.05
Reserves & surplus13310783.9667.3856.2550.2547.28
Shareholders' funds (net worth)14912310083.4372.3066.3063.33
Secured loans20917113895.0867.7457.2742.99
Unsecured loans0.000.000.000.000.000.000.00
Total debt20917113895.0867.7457.2742.99
Total liabilities358294238179140124106
Assets
Gross block13.7713.2611.9811.6711.3411.0411.04
Net block11.4211.5110.5310.4510.3410.1610.33
Capital work in progress0.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories12583.1359.9751.4940.5637.1138.97
Sundry debtors18716714310763.2746.7439.63
Cash & bank balances55.0625.9216.997.2910.304.974.81
Loans & advances2.306.688.706.5117.9225.8614.53
Total current assets37028322817213211597.94
Total current liabilities22.980.831.004.242.421.512.18
Net working capital34728222716813011395.76
Total assets358294238179140124106
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash25.9216.997.29(74.00)(44.71)(38.17)(41.12)
Net cash from operating activities7.46(6.74)(29.29)(22.23)0.14(10.04)(12.21)
Net cash from investing activities(0.50)(1.28)(0.32)(0.33)(0.30)0.000.00
Net cash from financing activities22.1816.9533.55104(2.54)3.5015.16
Net change in cash29.148.933.9581.30(2.70)(6.54)2.94
Closing cash55.0625.9216.997.2910.304.974.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+18.9%+57.3%+36.5%+238.3%+75.0%-4.9%-
EBITDA growth+7.5%+50.3%+36.7%+74.7%+58.8%-3.3%-
PBT growth+17.4%+38.4%+49.4%+87.3%+92.7%-18.1%-67.4%
Net income growth+18.3%+38.7%+48.8%+85.5%+101.3%-17.5%-
Revenue CAGR (3Y)+36.6%+93.6%+100.6%+77.9%+34.4%+80.8%+110.1%
EBITDA CAGR (3Y)+30.3%+53.1%+55.9%+38.9%-13.8%+70.7%+114.0%
Profitability & leverage
Net income margin+1.2%+1.2%+1.3%+1.2%+2.2%+2.0%+2.2%
Return on capital employed+15.7%+17.7%+15.1%+14.3%+9.8%+7.1%+8.7%
Return on net worth+20.0%+20.6%+18.1%+14.3%+8.7%+4.6%+6.9%
Debt / equity1.401.391.271.050.900.770.84
Long-term debt / equity0.010.030.060.110.130.060.00
Interest cover30.4835.0729.7434.7839.0051.0640.78
Efficiency & per share
Fixed asset turnover170.84153.93104.4778.6923.9213.8616.01
Inventory turnover22.1927.1522.1719.676.894.024.90
Debtors turnover13.0112.539.9010.644.873.544.59
EPS (₹)16.9114.3110.326.943.741.852.25
Dividend per share (₹)3.500.300.250.000.000.000.00
Book value per share (₹)92.9376.3962.3151.9845.0441.3039.46

To see the full year-wise statements and ratios of Northern Spirits Limited, buy the company report.

Board of directors of Northern Spirits Limited

Northern Spirits has 8 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ankush BakshiManaging Director13 Sep 201214 Years 1 MonthsCurrent
Roshni BakshiDirector21 Mar 20188 Years 7 MonthsCurrent
Kanika BakshiDirector21 Mar 20188 Years 7 MonthsCurrent
Sathvik JainDirector04 Aug 20188 Years 3 MonthsCurrent
Anuj BakshiDirector13 Sep 201214 Years 1 MonthsCurrent
Malti JaiswalDirector13 Feb 20233 Years 8 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Northern Spirits Limited is audited by J K SARAWGI & COMPANY for the financial year 2023.

Auditor firmFinancial yearFirm registration number
J K SARAWGI & COMPANYFY 2023006836C

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 67.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 33.00%.

Promoters: 67.00%Retail & Others: 33.00%
Sep 2026
QUARTER
67.00% Promoters
33.00% Retail & Others
Promoter holding - history
Now 67.00% · Sep 2026High 67.00% · Dec 2025Low 67.00% · Dec 2025
66%66.5%67%67.5%68%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 67.00%Mar 2026: 67.00%Jun 2026: 67.00%Sep 2026: 67.00%67.00%67.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters67.00%67.00%67.00%67.00%
Public33.00%33.00%33.00%33.00%

Charges & borrowings

Open charges
₹296.49 Cr
Satisfied charges
₹311.41 Cr
Breakdown by lending institutions
Canara Bank₹220.50 Cr
Others₹75.76 Cr
Hdfc Bank Limited₹0.23 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
26 Feb 2025101106450Others₹75.8 LakhOpen
16 Oct 2023100822750Hdfc Bank Limited₹16.09 LakhOpen
20 Sep 2023100790912Others₹75 CrOpen
18 Oct 2022100641261Canara Bank₹220.5 CrOpen
20 Jul 2021100496459Hdfc Bank Limited₹6.71 LakhOpen

To see the full charge records of Northern Spirits Limited, buy the company report.

Total charge records: 20 View all charges

Deals & funding

Northern Spirits Limited has 28 deals on record (27 market trades, 1 ipo); the latest was in July 2025.

Total deals
28
Market trades
27
IPO
1

Deals on record (5 of 28)

WhenDealAmountParties
Jul 2025Market trade₹2.88 CrBuyer: Alacrity Securities Limited , an individual
Seller: an individual
Feb 2024Market trade₹2.35 CrSeller: an individual
Jan 2024Market trade₹2.4 CrBuyer: an individual
Seller: an individual
Apr 2019Market trade₹7.39 CrBuyer: Diksha Greens Limited , 3 individuals
Seller: 3 individuals
Apr 2019Market trade₹10.39 CrBuyer: Diksha Greens Limited , Airan Finstocks Private Limited , 2 individuals
Seller: DKL Broking & Infra LLP , Cure Spects Eye Care Laser Pravite Limited, Airan Finstocks Private Limited , an individual

To see the full deal history of Northern Spirits Limited, buy the company report.

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

Credit ratings & regulatory alerts

Northern Spirits Limited was last rated by Crisil on 03 Dec 2020.

Rating agencyRated onRating
Crisil03 Dec 2020

To see the full credit ratings and regulatory alerts of Northern Spirits Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Northern Spirits Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Northern Spirits Limited has a workforce of 7 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
7
Active EPFO establishments
1
Employee growth
40%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-277
FY 2025-26
FY 2024-25
FY 2023-24

To see the full employee and EPFO history of Northern Spirits Limited, buy the company report.

GST

Northern Spirits has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
19AAECN1130F1ZVWest BengalActive23 Jun 2018
09AAECN1130F1ZWUttar PradeshActive04 Apr 2018
18AAECN1130F1ZXAssamActive23 Apr 2018

To see the full GST registrations and return filing status of Northern Spirits Limited, buy the company report.

Recent activity

Northern Spirits Limited has 15 board changes on record since 2012: 12 appointments and 3 cessations. The latest: Dinesh Shaw was appointed as Director on 02 Nov 2024.

Charges
A charge with Canara Bank of Rs. 220.50 Cr registered on 18 Oct 2022 with Charge ID 100641261 was modified on 22 Sep 2026.
Filing
Northern Spirits Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata I.
Charges
A charge registered on 28 Jan 2025 via Charge ID 101045729 with Canara Bank was fully satisfied on 17 Nov 2025.
Charges
A charge registered on 05 Jul 2023 via Charge ID 100744520 with Canara Bank was fully satisfied on 17 Nov 2025.
AGM
Northern Spirits Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 75.00 Cr registered on 20 Sep 2023 with Charge ID 100790912 was modified on 07 Aug 2025.
Charges
A charge with Others amounted to Rs. 0.76 Cr with Charge ID 101106450 was registered on 26 Feb 2025.
Charges
A charge with Canara Bank amounted to Rs. 22.80 Cr with Charge ID 101045729 was registered on 28 Jan 2025.
Appointed
Dinesh Shaw was appointed as Director.
Ceased
Jagjit Singh Kochar ceased to be Director.
Appointed
Pankaj Khanna was appointed as Company Secretary.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.16 Cr with Charge ID 100822750 was registered on 16 Oct 2023.

48 earlier events are in the company report.

Frequently asked questions

Northern Spirits is an active public limited company based in Kolkata, West Bengal, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 13 September 2012 (14+ years old) and is registered under CIN L15500WB2012PLC185821. Listed on BSE: 542628.

Northern Spirits reported revenue of ₹2,308.97 Cr for FY 2025-26 (up 18.9% YoY) based on standalone financials.

Northern Spirits has 8 current directors:

The latest financial statements of Northern Spirits on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Northern Spirits is 19AAECN1130F1ZV, registered in West Bengal. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 09AAECN1130F1ZW (Uttar Pradesh), 18AAECN1130F1ZX (Assam).

The CIN (Corporate Identification Number) of Northern Spirits is L15500WB2012PLC185821. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Northern Spirits is a listed company as per MCA records. Its shares are listed on BSE (code: 542628).

Northern Spirits has 12 court cases on record: 7 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.

Northern Spirits was incorporated on 13 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Kolkata.

Northern Spirits has 28 deals on record (27 market trades, 1 ipo); the latest was in July 2025.