Share the post "Nirlon : Q4 2024 Financial Quarterly Report: YoY Sales Up 3.54 %, QoQ Up 0.84 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 3.54 % in the past year, substantial increase in net sales/revenue by 0.84 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 182.86 %. Marginal decrease of -20.16% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Nirlon Limited,. Notable increase of 2.95 % in net profit Year to Year, Nirlon Limited,’s profitability dropped by -1.79 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 2.90 % Year to Year. EPS decreased by -1.73 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 148.121 Cr | Rs. 152.086 Cr | Rs. 153.36 Cr | + 0.84 % | + 3.54 % |
| Expenses | Rs. 31.52 Cr | Rs. 32.29 Cr | Rs. 31.66 Cr | -1.95 % | + 0.44 % |
| Operating Profit | Rs. 116.6 Cr | Rs. 119.8 Cr | Rs. 121.7 Cr | + 1.59 % | + 4.37 % |
| OPM % | 78.72 % | 78.77 % | 79.36 % | + 0.59 % | + 0.64 % |
| Other Income | Rs. 0.35 Cr | Rs. 1.24 Cr | Rs. 0.99 Cr | -20.16 % | + 182.86 % |
| Interest | Rs. 29.33 Cr | Rs. 30.41 Cr | Rs. 32.67 Cr | + 7.43 % | + 11.39 % |
| Depreciation | Rs. 14.91 Cr | Rs. 14.05 Cr | Rs. 14.63 Cr | + 4.13 % | -1.88 % |
| Profit before tax | Rs. 72.71 Cr | Rs. 76.58 Cr | Rs. 75.39 Cr | -1.55 % | + 3.69 % |
| Tax % | 31.64 % | 31.95 % | 32.11 % | + 0.16 % | + 0.47 % |
| Net Profit | Rs. 49.71 Cr | Rs. 52.11 Cr | Rs. 51.18 Cr | -1.78 % | + 2.96 % |
| EPS in Rs | Rs. 5.52 | Rs. 5.78 | Rs. 5.68 | -1.73 % | + 2.9 % |
Today, we’re looking at Nirlon Limited,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 3.54 %. However, it did see a marginal increase of 0.84 % from the previous quarter. Expenses decreased slightly by -1.95 % quarter-on-quarter, aligning with the annual rise of 0.44 %. Operating profit, while up 4.37 % compared to last year, faced a quarter-on-quarter increase of 1.59 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.64 %, but an expansion of 0.59 % sequentially. Other income fell by -20.16 % compared to the last quarter, despite an annual growth of 182.86 %. Interest expenses surged remarkably by 7.43 % from the previous quarter, yet the year-over-year increase remains at a moderate 11.39 %. Depreciation costs climbed by 4.13 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.88 %. Profit before tax grew annually by 3.69 % but saw a reduction from the preceding quarter by -1.55 %.
Tax expenses as a percentage of profits increased slightly by 0.47 % compared to last year, with a more notable quarter-on-quarter increase of 0.16 %. Net profit rose by 2.96 % year-on-year but witnessed a -1.78 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 2.9 % but a quarterly fall of -1.73 %. In summary, Nirlon Limited,’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 148.121 Cr | Rs. 152.086 Cr | Rs. 153.36 Cr | + 0.84 % | + 3.54 % |
| Expenses | Rs. 31.52 Cr | Rs. 32.29 Cr | Rs. 31.66 Cr | -1.95 % | + 0.44 % |
| Operating Profit | Rs. 116.6 Cr | Rs. 119.8 Cr | Rs. 121.7 Cr | + 1.59 % | + 4.37 % |
| Net Profit | Rs. 49.71 Cr | Rs. 52.11 Cr | Rs. 51.18 Cr | -1.78 % | + 2.96 % |
| EPS in Rs | Rs. 5.52 | Rs. 5.78 | Rs. 5.68 | -1.73 % | + 2.9 % |
In reviewing Nirlon Limited,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.54 % year-on-year growth, however, there was a minor increase of 0.84 % from the previous quarter. Expenses rose by 0.44 % compared to the previous year, with a decrease of -1.95 % quarter-on-quarter. Operating Profit surged by 4.37 % annually, and saw a 1.59 % increase from the last quarter.
Net Profit showed yearly increase of 2.96 %, and experienced a -1.78 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 2.9 % annually, however dipped by -1.73 % compared to the last quarter. In essence, while Nirlon Limited, exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
17
3-Year Profit
26
5-Year Profit
22
10-Year Profit
427
Current Price
3,849
Market Cap
The company associated with BSE code 500307 presents a financial narrative of mixed fortunes. Over a five-year period, the company achieved a profit of 26 percents, which subsequently rose to 17 percents over the three years that followed. Yet, despite this initial growth, the company now faces a troubling trailing twelve-month (TTM) profit loss of 6 percents. What’s particularly striking is the company’s complete absence of reported sales across all analyzed periods, which brings into question the viability of its revenue generation strategies and long-term business sustainability. Moreover, stock prices have been highly volatile, reflecting the company’s uncertain future. While the stock was valued at 13 percents over the last five years, it has recently dropped to 2 percents, underscoring a rapid decline in market confidence. Over the longer ten-year period, the stock price was at 11 percents, illustrating a pattern of fluctuating performance that could pose risks for potential investors.
The company currently holds a market cap of ₹3,849 crore, with its stock trading at ₹427. Historically, the stock has fluctuated between ₹475 / 376, reflecting its performance in response to market dynamics and various economic factors. The company's Price-to-Earnings (P/E) ratio stands at 18.7, indicating that the stock is perceived as highly valued by the market, possibly driven by expectations of future earnings growth. The book value per share is ₹41.4, which offers insight into the company's intrinsic worth, while its dividend yield of 6.09% provides a steady return for long-term investors. Return on Capital Employed (ROCE) is 27.7%, showcasing the company’s ability to generate profits from its capital investments. Return on Equity (ROE) is 53.1%, highlighting how efficiently the company uses shareholder funds to generate profits. The debt-to-equity ratio is very low at 3.07, which is a positive indicator of financial stability. However, the company’s net cash flow of ₹36.7 crore raises concerns about its liquidity position. The Piotroski score of 8.00 reflects the company’s overall financial health, while the Graham Number of ₹146 suggests the stock's intrinsic value. Despite these factors, the Price-to-Book (P/B) ratio of 10.3 indicates that the stock is trading at a premium to its book value, which might imply market optimism about the company's future growth prospects.
