NSL

Northern Spirits financials

Market cap
₹209 Cr

Quarterly results

Q1 FY27: revenue up 12.1%, net profit up 25.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue487 528 466 534 563 +15%596 +13%616 +32%599 +12%
EBITDA9 21 6 14 14 +45%13 −40%10 +62%16 +21%
Net profit6 9 2 7 8 +36%7 −22%5 +138%9 +26%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −30.5% 1Y

₹100₹120₹140₹160₹180Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹186.6 on 10 Sept 2025 → ₹129.75. High ₹187.75 (17 Sept 2025), low ₹96.8 (30 Mar 2026).

Financials, as filed

Revenue grew 18.9% a year over 1 year, FY25 to FY26. Operating margin held at 2.2%.

Year endingFY25FY26
Revenue₹1.9k Cr₹2.3k Cr
Operating profit₹46 Cr₹50 Cr
Operating margin2.4%2.2%
Interest₹16 Cr₹15 Cr
Depreciation₹0 Cr₹1 Cr
Net profit₹23 Cr₹27 Cr
Net margin1.2%1.2%
Cash from operations₹-7 Cr₹7 Cr
Free cash flow₹-8 Cr₹7 Cr
ROCE18.0%16.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹16 Cr₹16 Cr₹16 Cr₹16 Cr₹16 Cr₹16 Cr
Reserves₹50 Cr₹56 Cr₹67 Cr₹84 Cr₹121 Cr₹133 Cr
Borrowings₹57 Cr₹68 Cr₹95 Cr₹138 Cr₹203 Cr₹209 Cr
Other liabilities₹2 Cr₹2 Cr₹4 Cr₹1 Cr₹6 Cr₹23 Cr
Total liabilities₹125 Cr₹142 Cr₹183 Cr₹239 Cr₹346 Cr₹381 Cr
Fixed assets₹10 Cr₹10 Cr₹10 Cr₹11 Cr₹12 Cr₹11 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹115 Cr₹132 Cr₹172 Cr₹228 Cr₹335 Cr₹370 Cr
Total assets₹125 Cr₹142 Cr₹183 Cr₹239 Cr₹346 Cr₹381 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count grew 13% to 4,686.

Promoters
67.0%
Public
33.0%

Since Jun 2025

  • Public −0.01 pp
  • Promoters 0.00 pp
  • FIIs 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 67.0%, Public 33.0%.Dec '23: Promoters 67.0%, Public 33.0%.Mar '24: Promoters 67.0%, Public 33.0%.Jun '24: Promoters 67.0%, Public 33.0%.Sep '24: Promoters 67.0%, Public 33.0%.Dec '24: Promoters 67.0%, Public 33.0%.Mar '25: Promoters 67.0%, Public 33.0%.Jun '25: Promoters 67.0%, Public 33.0%.Sep '25: Promoters 67.0%, FIIs 0.4%, Public 32.7%.Dec '25: Promoters 67.0%, Public 33.0%.Mar '26: Promoters 67.0%, Public 33.0%.Jun '26: Promoters 67.0%, Public 33.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Northern Spirits Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Ankush Bakshi 36.19%unchanged
Anuj Bakshi 29.96%unchanged
Sumeet Singh Sahni 3.38%unchanged
Sabah Sahni 3.21%unchanged
Kulbir Bakshi 0.44%unchanged
Amita Bakshi 0.25%unchanged
Roshni Bakshi 0.06%unchanged
Kanika Bakshi 0.06%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Northern Spirits Limited

Guides on how to read this kind of business and the numbers that matter.