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Northern Spirits Overview

Northern Spirits Ltd is a company that specializes in the production and distribution of premium spirits. Based in the United Kingdom, the company has a diverse range of products, including gin, vodka, and whisky. They use only the finest ingredients to create their spirits, and have a reputation for exceptional quality. In addition to their own brands, Northern Spirits Ltd also works with other companies to create bespoke products. The company has a strong commitment to sustainability, using eco-friendly packaging and production methods. They ...Read More

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Northern Spirits Key Financials

Market Cap ₹220 Cr.

Stock P/E 9.6

P/B 1.5

Current Price ₹137.1

Book Value ₹ 89.9

Face Value 10

52W High ₹239

Dividend Yield 0.22%

52W Low ₹ 96.6

Northern Spirits Share Price

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Volume
Price

Northern Spirits Quarterly Price

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Northern Spirits Peer Comparison

Northern Spirits Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 314 324 461 487 528 466 534 563 596
Other Income 0 0 0 1 0 0 0 0 0
Total Income 314 325 461 488 528 467 534 563 596
Total Expenditure 306 316 451 478 507 460 521 549 584
Operating Profit 8 9 10 10 21 7 14 14 13
Interest 2 2 2 3 9 3 4 4 3
Depreciation 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 6 7 8 7 12 3 10 10 9
Provision for Tax 2 2 2 2 3 1 2 2 2
Profit After Tax 5 5 6 6 9 2 7 8 7
Adjustments 0 0 -0 0 0 -0 0 0 0
Profit After Adjustments 5 5 6 6 9 2 7 8 7
Adjusted Earnings Per Share 3 3 3.8 3.5 5.7 1.3 4.6 4.7 4.5

Northern Spirits Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2 3 17 26 110 161 153 268 905 1235 1943 2159
Other Income 0 0 0 0 0 0 0 0 0 1 1 0
Total Income 2 3 17 26 111 161 153 268 906 1236 1943 2160
Total Expenditure 2 4 16 24 90 152 145 255 883 1204 1896 2114
Operating Profit 0 -0 1 2 20 9 8 13 23 32 47 48
Interest 0 0 0 0 5 3 4 5 8 9 16 14
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 -1 1 1 15 5 4 8 15 22 31 32
Provision for Tax 0 0 0 0 5 1 1 2 4 6 8 7
Profit After Tax 0 -1 1 1 10 4 3 6 11 17 23 24
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 -1 1 1 10 4 3 6 11 17 23 24
Adjusted Earnings Per Share 0 0 0 4.2 8.6 2.3 1.8 3.7 6.9 10.3 14.3 15.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 57% 94% 65% 99%
Operating Profit CAGR 47% 53% 39% 0%
PAT CAGR 35% 57% 42% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -14% -19% 43% NA%
ROE Average 21% 18% 13% 76%
ROCE Average 18% 16% 13% 15%

Northern Spirits Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 0 1 2 6 41 63 66 72 83 100 123
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 2 2 0 0 0 8 10 8 4 2
Other Non-Current Liabilities -0 -0 0 -0 -0 -0 -0 -0 -0 0 -0
Total Current Liabilities 3 5 9 14 53 45 51 60 92 135 170
Total Liabilities 5 8 13 21 94 108 125 142 183 239 295
Fixed Assets 4 4 5 5 11 10 10 10 10 11 12
Other Non-Current Assets 0 0 0 0 1 0 0 0 0 0 0
Total Current Assets 1 4 8 16 82 98 115 132 172 228 283
Total Assets 5 8 13 21 94 108 125 142 183 239 295

Northern Spirits Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 -5 -41 -38 -45 -74 7 17
Cash Flow from Operating Activities 1 1 1 -7 -50 -12 -10 0 -22 -24 -7
Cash Flow from Investing Activities -4 -1 0 -0 -6 0 0 -0 -0 -0 -1
Cash Flow from Financing Activities 3 -1 -0 2 20 15 4 -3 104 34 17
Net Cash Inflow / Outflow 0 -0 0 -5 -36 3 -7 -3 81 10 9
Closing Cash & Cash Equivalent 0 0 0 -5 -41 -38 -45 -47 7 17 26

Northern Spirits Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 32.09 -6.28 6.57 4.22 8.56 2.25 1.85 3.74 6.94 10.33 14.31
CEPS(Rs) 33.7 -6.12 6.95 4.5 8.84 2.4 1.95 3.82 7.08 10.47 14.49
DPS(Rs) 0 0 0 0 0 0 0 0 0 0.25 0.3
Book NAV/Share(Rs) 20.32 12.77 19.34 26.6 35.08 39.46 41.31 45.04 51.98 62.31 76.39
Core EBITDA Margin(%) 2.94 -12.44 3.85 5.02 16.91 4.77 5.32 4.84 2.5 2.5 2.39
EBIT Margin(%) 7.94 -7.65 3.91 4.81 16.88 4.75 5.36 4.84 2.51 2.54 2.42
Pre Tax Margin(%) 7.17 -14.51 2.97 4.16 12.96 2.86 2.69 2.98 1.65 1.8 1.59
PAT Margin (%) 6.07 -14.54 2.41 3.11 8.43 2.04 1.94 2.24 1.23 1.34 1.18
Cash Profit Margin (%) 6.37 -14.18 2.54 3.31 8.71 2.18 2.05 2.29 1.26 1.36 1.2
ROA(%) 3.62 -8.16 5.22 6.13 17.6 3.57 2.54 4.49 6.85 7.87 8.61
ROE(%) 750.34 -92.84 40.93 25.48 42.24 6.91 4.58 8.66 14.3 18.07 20.64
ROCE(%) 5.82 -7.88 27.46 21.35 41.37 8.73 7.14 9.84 14.25 15.1 17.69
Receivable days 0 93.04 41.72 69.54 69.85 79.48 103.03 75.01 34.31 36.86 29.13
Inventory Days 36.56 75.46 31.26 49.73 60.49 74.5 90.76 52.96 18.55 16.47 13.44
Payable days 42.57 74.45 51.98 63.53 10.19 2.66 0.54 0 0 0 0
PER(x) 0 0 0 0 0 9.44 12.42 9.36 30.54 18.25 10.49
Price/Book(x) 0 0 0 0 0 0.54 0.56 0.78 4.08 3.02 1.96
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0.13 0.2
EV/Net Sales(x) 2.3 0.54 0.1 0.23 0.48 0.45 0.58 0.42 0.47 0.34 0.2
EV/Core EBITDA(x) 27.83 -6.8 1.88 3.67 2.58 8.38 10.65 8.68 18.66 13.37 8.16
Net Sales Growth(%) 61.42 102.76 438.26 49.33 326.26 45.83 -4.87 74.95 238.26 36.45 57.26
EBIT Growth(%) 406.99 -312.33 422.63 82.14 1179.88 -58.33 -2.23 58.06 75.03 38.45 49.66
PAT Growth(%) 335.25 -628.13 204.69 90.9 889.82 -64.07 -17.9 102.32 85.47 48.85 38.6
EPS Growth(%) 335.25 -119.56 204.69 -35.84 103.04 -73.7 -17.9 102.32 85.48 48.85 38.6
Debt/Equity(x) 61.35 1.89 1.11 0.78 1.08 0.68 0.86 0.94 1.14 1.38 1.4
Current Ratio(x) 0.21 0.7 0.82 1.09 1.56 2.17 2.24 2.2 1.88 1.69 1.67
Quick Ratio(x) 0.12 0.46 0.54 0.65 0.93 1.31 1.52 1.52 1.32 1.25 1.18
Interest Cover(x) 10.29 -1.12 4.17 7.41 4.3 2.51 2.01 2.59 2.92 3.44 2.91
Total Debt/Mcap(x) 0 0 0 0 0 1.26 1.55 1.21 0.28 0.46 0.71

Northern Spirits Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 66.97 66.97 66.97 66.97 66.97 66.97 66.97 66.97 66.97 66.97
FII 0 0 0 0 0 0 0 0.37 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 33.03 33.03 33.03 33.03 33.03 33.03 33.03 32.66 33.03 33.03
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Northern Spirits News

Northern Spirits Pros & Cons

Pros

  • Company has delivered good profit growth of 41% CAGR over last 5 years
  • Company has reduced debt.

Cons

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