Northern Spirits Ltd Stock Price Today (NSE: NSL)

Northern Spirits Ltd

124.15+2.70 (+2.22%)
Market Closed

Fundamental Score

...

Northern Spirits Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Northern Spirits Ltd share price today is 124.15, up +2.22% on NSE/BSE as of 17 June 2026. Northern Spirits Ltd (NSL) is a Small-cap company in the Trading & Distributors sector with a market capitalisation of 260.19 (Cr). The 52-week high for NSL share price is 222.50 and the 52-week low is 96.60. At a P/E ratio of 9.90x, NSL is currently trading below its industry average P/E of 35.45x. The company has a Return on Equity (ROE) of 20.64% and a debt-to-equity ratio of 1.48.

Northern Spirits Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
139.00
Low
124.15
Volume
6.2K
Change
-4.02%

Northern Spirits Ltd share price chart: -4.02% return over the past month. 52-week high ₹222.50, 52-week low ₹96.60.

Northern Spirits Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
123.30125.80123.00123.855.64K (Cr)
128.15129.00123.20124.504.50K (Cr)
128.05131.60126.25127.454.55K (Cr)
135.80135.85127.25128.1012.79K (Cr)
131.90133.85126.95132.4513.73K (Cr)
128.95130.05126.90127.504.59K (Cr)
127.95129.00125.50126.056.04K (Cr)
128.25128.25126.25127.951.24K (Cr)
127.60128.80126.00128.001.66K (Cr)
126.00129.45125.50126.402.33K (Cr)

Northern Spirits Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
128.15129.00123.00123.85-3.36%
129.10139.00124.95127.45-1.28%
96.80139.0096.80129.40+33.68%
111.00135.0096.6096.80-12.79%
133.90145.00119.95121.20-9.48%
150.60158.25120.30135.55-9.99%
163.45164.00147.00149.05-8.81%
185.90192.85158.40159.15-14.39%
169.05187.45158.95179.80+6.36%
190.20194.85165.60169.05-11.12%
197.10208.80185.15190.05-3.58%
194.95222.50191.00194.80-0.08%

AI Research Briefing

Powered by Gemini · 2026-04-08

High debt, negative FCF, and falling price make NSL a micro-cap value trap to avoid.

Research Confidence
8.0/10High
DEBT TRAP TURNAROUNDConsistent breakdown: 1M, 3M, and 6M all negative.Cheap on P/E basis, but justified given the risks.

WHAT'S HAPPENING NOW (last 2-4 weeks)

Northern Spirits Ltd. hit a 52-week low of on March 30, 2026, as the sell-off deepened. Prior to that, it had also fallen to a 52-week low of on March 27, 2026.

CORE STORY (THE REAL GAME)

Low-margin alcohol distribution play, vulnerable to state-level policy changes and excise duty hikes. Not a brand story, but a trading and distribution business dependent on efficient working capital management.

Why Now
  • Hit 52-week low recently
  • Negative sentiment in the market
  • High promoter pledging
Potential Catalysts
  • Significant debt reduction
  • Positive changes in excise duty policies
  • Turnaround in free cash flow
Key Risks
  • Micro-cap: liquidity risk is high
  • High debt and negative free cash flow
  • High promoter pledging
Institutional Activity

FII increased their stake slightly, but overall institutional interest is negligible.

Macro Context

Consumption economy is expanding, but alcohol distribution faces regulatory headwinds.

Order Book / Expansion

No major news found after live search.

Cash Flow Quality

No: Negative free cash flow of ₹-64.64 Cr.

3–6 Month Outlook

Expect continued volatility and downside pressure. Turnaround unlikely in the next 3-6 months without significant debt restructuring and improved cash flow.

Primary Thesis Risk

Inability to service debt will lead to collapse.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Excellent

Return on Equity (ROE)

20.64%

Profit generated per ₹1 of shareholder equity

Good

Return on Capital (ROCE)

17.68%

Returns generated on total capital deployed

Poor

Oper. Profit Margin (5Y Avg)

2.69%

Average operating profit margin over 5 years

Dividend Yield

0.19%

Annual dividend as % of current share price

Northern Spirits Ltd Valuation Check

Excellent

Price to Earnings (P/E)

9.90x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

35.45x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

66.97%

% shares held by company founders/management

Poor

FII Holding

0.37%

% shares held by foreign institutional investors

Poor

DII Holding

0.00%

% held by domestic mutual funds, LIC, banks

Poor

Promoter Pledged %

44.80%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

35.54%

Net profit growth vs same quarter last year

Average

Revenue Growth (Quarterly YoY)

15.44%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

66.00%

Compounded annual revenue growth over 5 years

Excellent

EPS Growth (5-Year CAGR)

44.79%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

44.79%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Poor

Debt to Equity Ratio

1.48x

Total debt ÷ equity. Below 0.5 = financially healthy

Good

Interest Coverage Ratio

2.75x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-64.64 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Northern Spirits Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of NSL across key market metrics for learning purposes.

Positive Indicators

9 factors identified

Strong Return on Equity (20.64%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (17.68%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Attractive Valuation (P/E: 9.90 vs Industry: 35.45)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Robust Profit Growth (35.54%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (15.44%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Consistent Growth Track Record (66.00% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Excellent EPS Growth (44.79% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (44.79% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Balanced Promoter Holding (66.97%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Risk Factors

5 factors identified

Margin Pressure Concerns (2.69%)

Observation: Operating margins are below industry standards.

Analysis: OPM <5% may indicate pricing pressures or cost management challenges.

Elevated Debt Levels (D/E: 1.48)

Observation: High leverage increases financial risk and interest burden.

Analysis: High debt-to-equity ratios require monitoring of debt servicing capability.

Negative Free Cash Flow (₹-64.64 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Institutional Interest (FII+DII: 0.37%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

High Share Pledging Risk (44.80%)

Observation: Significant promoter share pledging creates potential overhang.

Analysis: High pledging levels may create selling pressure during market downturns.

Northern Spirits Ltd vs Trading & Distributors Peers

Peer Comparison - Trading & Distributors

Compare Northern Spirits Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
44.9/100
124
₹260.19
9.9
Average
20.64%
Excellent
17.68%
Good
1.5
Average
44.79%
Excellent
66.00%
Excellent
0.19%
Redington Ltd...
REDINGTON532805
58.5/100
223
₹22049.92
16.1
Average
14.39%
Average
18.90%
Good
0.3
Excellent
17.72%
Excellent
14.06%
Good
2.41%
MMTC Ltd...
MMTC513377
32.1/100
66
₹8949.04
127.3
Average
5.87%
Poor
7.70%
Poor
0.0
Excellent
19.08%
Excellent
-86.52%
Poor
0.00%
MSTC Ltd...
MSTCLTD542597
63.7/100
439
₹3458.41
15.7
Average
28.37%
Excellent
29.26%
Excellent
0.2
Excellent
15.18%
Excellent
-24.06%
Poor
8.24%
24.7/100
405
₹3333.57
49.5
Average
26.05%
Excellent
27.44%
Excellent
0.2
Excellent
0.00%
11.1/100
154
₹2132.64
35.5
Average
17.05%
Good
15.42%
Good
0.2
Excellent
0.06%
34.8/100
379
₹1813.06
38.4
Average
9.28%
Poor
11.83%
Average
0.1
Excellent
0.00%
66.6/100
637
₹1297.46
519.0
Average
87.02%
Excellent
82.72%
Excellent
0.0
Excellent
158.76%
Excellent
66.77%
Excellent
0.00%
41.9/100
19
₹1111.34
402.7
Average
1.24%
Poor
2.46%
Poor
0.1
Excellent
61.76%
Excellent
35.83%
Excellent
0.00%
32.3/100
30300
₹1021.99
11.7
Average
9.31%
Poor
9.39%
Poor
0.0
Excellent
10.82%
Good
4.86%
Average
1.50%
62.3/100
46
₹811.32
6.4
Average
12.62%
Average
16.29%
Good
0.0
Excellent
28.35%
Excellent
61.75%
Excellent
0.00%

Northern Spirits Ltd PE Ratio History

Historical price-to-earnings ratio for NSL — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 202514.33₹149.0510.4x
FY 202410.32₹188.2518.2x
FY 20236.94₹370.0053.3x
FY 20223.74₹232.4062.1x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Northern Spirits Ltd Dividend History

Annual cash dividends paid by NSL — dividend yield 0.19%

Financial YearDividends Paid (₹ Cr)
FY 20250.40 Cr

Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.

Northern Spirits Ltd Quarterly Performance

Latest quarterly metrics for NSL — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

15.44%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

35.54%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

66.00%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

44.79%

Compounded annual net profit growth over 5 years

Northern Spirits Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for NSL — calculated from daily price history

43RSI 14
Neutral — RSI 43

Momentum is balanced — neither overbought nor oversold.

SMA 50
124
▼ Price below SMA 50 — Short-term bearish
SMA 200
151
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
6K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Northern Spirits Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Northern Spirits Ltd (NSL) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Northern Spirits Ltd

About NSL (Northern Spirits Ltd)

Northern Spirits Ltd is a prominent trading and distribution company deeply rooted in the vibrant landscape of India's beverage industry. Established in 1975, the company has stead...ily grown to become a key player, navigating the complexities of the market with a keen understanding of consumer preferences and trends. Headquartered in the bustling city of Kolkata, NSL operates as a crucial link between renowned international and domestic brands and the eager palates of Indian consumers. The company's core function revolves around the strategic importation and nationwide distribution of a diverse portfolio encompassing premium spirits, fine wines, and refreshing beer options. With decades of experience, NSL boasts a robust logistical network and established relationships with retailers across the country. The strength of Northern Spirits Ltd lies in its curated selection of brands, a testament to the company's commitment to offering quality and variety. NSL proudly represents a spectrum of globally recognized names, including iconic spirits producers, award-winning wineries, and popular brewers. This carefully chosen portfolio allows NSL to cater to a broad range of consumer tastes and occasions, from sophisticated cocktail gatherings to casual social events. By partnering with these established brands, NSL not only ensures a consistent supply of high-quality beverages but also leverages the power of their brand recognition to drive sales and build a strong market presence. The company continuously seeks to expand its portfolio, carefully evaluating potential additions that align with its strategic goals and cater to evolving consumer demands. Driven by a commitment to excellence, Northern Spirits Ltd focuses on efficient distribution and superior customer service. The company's dedicated sales and marketing teams work closely with retailers to optimize product placement, implement targeted promotions, and provide valuable insights into consumer behavior. This collaborative approach fosters strong partnerships and ensures that NSL's products are readily available and attractively presented to consumers across various retail channels. Furthermore, NSL places a high priority on compliance and ethical business practices, adhering to all relevant regulations and industry standards. The company's unwavering commitment to quality, reliability, and integrity has solidified its reputation as a trusted and respected player in India's dynamic beverage market.

Company Details

Symbol:NSL
Industry:Trading & Distributors
Sector:Trading & Distributors

Key Leadership

Mr. Ankush Bakshi
MD & Director
Mr. Sharad Agarwal
Chief Financial Officer
Mr. Pankaj Khanna
Company Secretary & Compliance Officer

NSL Share Price: Frequently Asked Questions

What is the current share price of Northern Spirits Ltd?

Northern Spirits Ltd (NSL) trades at ₹124.15 on NSE and BSE. Market cap ₹260.19 (Cr). Educational data only.

What is the P/E ratio of Northern Spirits Ltd?

Northern Spirits Ltd has a P/E of 9.90x vs industry average 35.45x.

What is the Bull Run score for Northern Spirits Ltd?

Northern Spirits Ltd has a Bull Run score of 44.9/100 based on 25+ financial parameters.

Does Northern Spirits Ltd pay dividends?

Northern Spirits Ltd has a dividend yield of 0.19%. Past dividends don't guarantee future payments.

What is the ROE of Northern Spirits Ltd?

Northern Spirits Ltd has ROE of 20.64%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Northern Spirits Ltd?

Northern Spirits Ltd has debt-to-equity of 1.48.

Is Northern Spirits Ltd a good investment?

Bull Run gives Northern Spirits Ltd a score of 44.9/100. This is not investment advice — consult a SEBI-registered advisor.