Nirlon Share Price

Nirlon Limited is a multi-product company in India, primarily engaged in the development and management of an industrial and information technology (IT) park. The company owns Nirlon Knowledge Park (NKP), a 23-acre campus in Goregaon, Mumbai, which is designated as an Industrial Park under the Government of India’s FDI policy and an IT Park under the Maharashtra government’s policy. Nirlon’s legacy manufacturing business includes the production of industrial fabrics used in belting and tarpaulins, along with a joint venture for rubber conveyor belts. The Nirlon share price today on the NSE and BSE is a reflection of how market participants respond to a performance and broader business developments within its industry. It captures the company’s sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

Market sentiment around the Nirlon price often mirrors shifts in commercial space absorption patterns, demand from Global Capability Centres (GCCs) and IT/ITeS sectors, and investor views on the real estate sector’s growth prospects. Factors such as the pace of leasing at NKP, competitive intensity from other commercial park developers, rental trends, and government policies on FDI and infrastructure influence near-term market valuation and medium-term earnings forecasts. All these factors must be closely monitored to have an idea about the Nirlon price movements.

Nirlon live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant monitoring of Nirlon live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the Nirlon share price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

Nirlon Limited Company Fundamentals

a. Company Background

Nirlon Limited was incorporated in 1958. The company’s registered office is located in Mumbai, Maharashtra. The company was incorporated on March 12, 1958 as a private limited company under the name Nanubhai Industries Pvt. Ltd. It was renamed to Nirlon Synthetics Fibres and Chemicals Pvt. Ltd. in 1962 and converted to a public limited company on March 13, 1963. Nirlon’s primary activity is now the development and management of its industrial park, NKP, while it continues to manufacture industrial fabrics, V-belts, and related products. It initially focused on textile manufacturing before pivoting to real estate in 1999, offering its idle Goregaon factory premises to leading corporates. Over the years, Nirlon has transformed NKP into a premium commercial destination, completing approximately 47.63 lakh sq. ft. of construction. It operates in a competitive environment, with leasing dynamics governed by market forces and corporate demand. The company has consistently focused on enhancing its park’s infrastructure to attract high-quality tenants and improve rental yields.

b. Product Lines

• Commercial real estate: Leasing of office and IT park space at Nirlon Knowledge Park (NKP), a 23-acre campus in Goregaon, Mumbai, comprising Phases 1-5

• Industrial fabrics: Woven fabrics for belting, tarpaulins, and grey textiles

• V-belts: A range of wrap-type and polyester reinforced V-belts

• Tyrecord and industrial fabric: Dipping of tyrecord fabric and job work for griege tyre cord and industrial fabric

• Rubber conveyor belts: Produced through a joint venture with Semperit A.G. (synthetic and cotton fabric reinforced)

• Nylon Polyester: Production of nylon polyester materials

c. Company Revenue Model

• Primary revenue from leasing commercial office and IT park space at NKP, generating rental income from corporate tenants

• Revenue from manufacturing and sale of industrial fabrics used in belting and tarpaulins

• Revenue from the production and sale of V-belts and other industrial rubber products

• Income from the joint venture for rubber conveyor belts

• Income from job work and dipping services for tyrecord and industrial fabric

• Expanding the leasable area within NKP contributes to new revenue streams from additional tenants

• Focus on increasing the proportion of high-value corporate tenants to drive rental yield

• Investment in upgrading park infrastructure to attract global capability centres (GCCs) and IT/ITeS companies

• Revenue from manufacturing operations, though this legacy business is a smaller component compared to real estate

• Seasonal and cyclical variations in corporate leasing demand affecting revenue patterns throughout the year

• Economic cycles and commercial real estate market conditions influencing revenue stability

d. Geographic Presence

• Headquartered in Mumbai, Maharashtra, with the registered office located on the Western Express Highway, Mumbai

• Primary asset, Nirlon Knowledge Park (NKP), is situated on a 23-acre campus in Goregaon (East), Mumbai

• Manufacturing units are located in Mumbai, Thane, and Raigad, Maharashtra

• Focus on maximizing the potential of NKP in Mumbai, with no current plans for significant geographic diversification into new cities

• Operations are concentrated in the Mumbai Metropolitan Region (MMR), one of India’s largest and most dynamic commercial real estate markets

• Strategic expansion through the phased development of NKP, with 47.63 lakh sq. ft. of construction completed as of Phases 1-5

e. Key Milestones

• 1958: Incorporated as Nanubhai Industries Pvt. Ltd. on March 12

• 1962: Renamed to Nirlon Synthetics Fibres and Chemicals Pvt. Ltd.

• 1963: Converted to a public limited company on March 13

• 1978: Diversified into manufacturing of industrial rubber belting products (conveyor belts and V-belts) at Roha, Raigad

• 1999: Entered the real estate business by offering idle Goregaon factory premises to corporates

• 2000: Deregistered from the BIFR after implementing a rehabilitation scheme

• 2003: Licensed 350,000 sq. ft. of factory building area at Goregaon complex

• 2022: Listed on the stock exchanges (previously traded on the OTC exchange)

f. Industry Perspective

Nirlon Limited operates in the commercial real estate industry, specifically the office and IT park leasing segment, which is part of India’s broader real estate sector. Globally, the commercial real estate market continues to be driven by office space demand. In India, the sector is poised for substantial growth. India’s total office stock is set to cross 1 billion square feet in 2025, making it the world’s fourth-largest office market. This milestone represents a monumental leap from just 192 million sq. ft in 2005, growing at a compound annual growth rate (CAGR) of 8.6% over the last 20 years. The India Office Real Estate Market size is estimated at USD 42.93 billion in 2025 and is expected to reach USD 150.42 billion by 2030, at a CAGR of 28.5%. Bengaluru, NCR, and Mumbai (MMR) together account for 60% of India’s total office stock, with MMR alone holding 169 mn sq ft (17%). As of 2025, average office rents have dipped below $1/sq ft/month to $0.96, giving India a distinct “sub-dollar advantage” globally. Demand is driven by the rapid expansion of Global Capability Centres (GCCs), IT/ITeS sectors, and the increasing preference for Grade A, ESG-compliant workspaces. Key challenges include the threat of remote/hybrid work models reducing long-term demand, intense competition among developers, and rising construction and land costs.

Nirlon Limited Stock Market Presence: Listings & Index Representation

Nirlon is actively traded on India’s principal equity markets, with its shares listed on the National Stock Exchange of India (NSE) under the symbol NIRLON and on the Bombay Stock Exchange (BSE) with the scrip code 500307. Its listing on both exchanges ensures that the Nirlon share price is accessible to a wide investor base, encompassing both retail and institutional market participants. The company forms part of several benchmark indices that represent broad market segments. Nirlon is included in indices such as BSE SmallCap, BSE AllCap, BSE Industrials, BSE MidSmallCap, Nifty Microcap 250, and Nifty Total Market. Being represented in multiple indices enhances the visibility and liquidity of the Nirlon share price, as index tracking funds and exchange traded strategies often adjust allocations in line with constituent revisions. It also allows investors to benchmark the company’s stock performance relative to broader market trends and peer groups, facilitating cross sectional comparisons within India’s real estate landscape. The inclusion of Nirlon in these indices reflects its market capitalisation and trading depth, which are key factors market participants consider when evaluating long term investment prospects and the responsiveness of the Nirlon price to corporate and industry developments. The company’s ISIN code is INE910A01012 and face value is Rs 10 per share.

Nirlon Limited Stock Performance and Share Price History

The Nirlon price has exhibited significant volatility over the past decade, shaped by the company’s transformation into a focused real estate player and broader commercial property industry cycles. The Nirlon share price recorded a positive total return of approximately 10.7% over the last 3 years and 13.6% over the last 5 years, outperforming the BSE Realty index’s 18.9% and 14.3% respectively over some periods, but underperforming it over others. The Nirlon share price delivered a 10-year total return of 10.9%, demonstrating moderate long-term wealth creation. The Nirlon share price reached a 52-week high of 615.00 and a 52-week low of 445.00, indicating a wide trading range and substantial price fluctuations. The Nirlon share price recorded a strong rally in 2021, delivering a substantial positive annual return of 50.5%, while the subsequent period has seen the Nirlon stock price moderate and correct from its peak levels. The Nirlon share price has shown a 1-month return of approximately 2.6% and a 3-month return of 2.0%, indicating recent stability.

The Nirlon price has been particularly responsive to quarterly earnings releases and corporate announcements. When the company reported a 26.6% year-on-year growth in consolidated PAT for FY24, the Nirlon stock price showed a positive reaction. The Nirlon price has shown a pattern of strong positive momentum in years when the company’s leasing income exceeded expectations, while periods of earnings moderation or concerns over rising vacancy have contributed to consolidation in the Nirlon stock price. Corporate developments, including strategic announcements such as the completion of new phases at NKP, the signing of marquee tenants, and the company’s stable dividend policy, have also influenced short-term fluctuations in the Nirlon price. The Nirlon share price has shown a 1-year return of approximately -4.5% as of recent data, reflecting the volatility in the stock. The Nirlon share price has shown a 10-year aggregate net profit of ₹1,143.36 crore, reflecting the company’s sustained profitability over the long term. The Nirlon share price reached its 52-week high of 615.00 before declining to its 52-week low of 445.00, reflecting the volatility inherent in the real estate space. The Nirlon share price has shown a year-to-date return of approximately 1.5% as of April 2026, indicating a steady start to the current fiscal year. Comprehending these patterns in the Nirlon price is instrumental for investors seeking to contextualise long term performance trends vis à vis short term price dynamics, as the Nirlon stock price movements illustrate how industry fundamentals, economic policy cycles, and investor expectations converge in market pricing.

The Nirlon price has shown distinct seasonal patterns over the past decade. The best performing year historically was 2021 with a positive return of 50.5%, while the worst year was 2022 with a negative return of -25.5%. Historically, the stock has shown positive annual returns in 6 out of the last 10 years. In terms of annual performance, the Nirlon share price delivered returns of 48.5% in 2019, -3.2% in 2020, 50.5% in 2021, -25.5% in 2022, 32.5% in 2023, 23.1% in 2024, and 0.4% in 2025. The Nirlon price has demonstrated that the stock tends to perform better in periods of strong commercial leasing demand and supportive economic policies, while underperforming during phases of market corrections and intense competition. The Nirlon stock price has shown a 5-year total return of 13.6%, indicating consistent wealth creation over this period. The Nirlon stock price has shown a 10-year total return that has been positive, with the stock delivering a 10-year CAGR of approximately 10.9%. The Nirlon stock price continues to trade at a significant discount from its 52-week high of 615.00, standing at around 490-520 levels as of April 2026.

Nirlon Limited Investor Relevance and Role in Portfolio

Nirlon holds a significant position for portfolio investors who seek exposure to India’s real estate sector with a focus on commercial office and IT park assets. The company’s ownership of NKP, a premier Grade A office park in Mumbai, aligns it with investment strategies that value high-quality, income-generating real estate with strong tenant demand. The Nirlon share price often mirrors how these themes resonate with investor portfolios, whereby both thematic and sector specific funds monitor leasing updates, rental yields, and occupancy rates when evaluating allocation decisions.

Institutional stakeholders play a significant role in Nirlon’s ownership profile. As of December 2025, Promoters hold 67.67% of the company. Foreign Institutional Investors (FIIs) hold 13.34% of the company, while Domestic Institutional Investors (DIIs) hold 0.02%. Mutual funds hold 2.29% of the company. Key mutual fund holders include ICICI Prudential Mutual Fund – ICICI Prudential Smallcap Fund, ICICI Prudential Mutual Fund – ICICI Prudential Multicap Fund, ICICI Prudential Mutual Fund – ICICI Prudential Dividend Yield Equity Fund, PPFAS Asset Management Pvt. Ltd. – PPFAS Mutual Fund – Parag Parikh Dynamic Asset Allocation Fund, and Motilal Oswal AMC Ltd. – Motilal Mutual Fund – Motilal Oswal BSE 1000 Index Fund. Key institutional holders include GIC (Realty) Private Limited, BSREP IV FPI Two Holdings (DIFC) Limited, TVF Capital Management, TVF Fund Ltd, Investor Education and Protection Fund (IEPF), Albula Investments Fund Ltd, ICICI Prudential Asset Management Company Limited, Arial Holdings 1, Athena Capital Partners LLP, and Deltron Pte Limited. These investors represent a blend of domestic and international perspectives that contribute to the stock’s market liquidity and visibility within broader investment frameworks.

Based on data, Nirlon exhibits varying levels of beta and volatility across different measurement periods. Based on data, the long-term beta stands at -0.01 according to Stockanalysis, while TradingView reports a 1-year beta of 0.13, indicating near-zero correlation with the broader market over an extended period. Based on data, the daily-one month beta shows near-neutral correlation, while the daily-three month beta indicates slightly negative correlation. Based on data, the weekly-one year beta is 0.13, showing lower-than-market sensitivity in short-term trading. Based on data, the weekly-two year beta shows low correlation, and the 2 week-two year range beta is also low. Based on data, the monthly-two year beta continues to show moderate correlation. Supporting statistics include mean values across different periods and standard deviations indicating low variability. The weekly volatility stands at approximately 1-2%, which is stable compared to the broader market. Overall, Nirlon demonstrates a low volatility profile with beta values suggesting the stock tends to move with lower volatility compared to broader market direction over certain time frames.

The Nirlon share price has shown periods of heightened responsiveness to sector-specific news and quarterly earnings releases. The Nirlon stock price’s beta reflects that the company’s asset-heavy business model and established real estate portfolio may provide some stability, though the real estate sector remains sensitive to economic cycles and interest rate fluctuations.

Nirlon Limited Sectoral Relevance and Peer Positioning

The sector relevance of Nirlon is anchored in its role within the broader Indian commercial real estate industry, where it competes with other real estate development and operations companies. As part of this industry, the company’s strategic positioning connects premium office space to corporate tenants in the Mumbai market. Competitors in the real estate development and operations segment include companies such as 3P Land Holdings Ltd, AGI Infra Ltd, Ajmera Realty & Infra India Ltd, Anant Raj Ltd, Brigade Enterprises Ltd, and other listed players. Firms with parallels in either portfolio scale or market presence are often referenced when evaluating relative performance and operational positioning within the sector.

In valuation terms, factors like the Nirlon P/E ratio have shown variations over different periods. As of recent data, the TTM P/E ratio stands at approximately 13.98-14.42 across different sources. The mean historical P/E Ratio over the last five years has fluctuated, reaching a high of 33.37 in FY2022 and a low of 13.68 in FY2026. Periods when investors perceived improvements in profitability or earnings sustainability have corresponded with expansion in valuation multiples, whereas phases of moderation in earnings momentum or industry cyclicality have seen valuation contraction. Nirlon P/E ratio was 19.33 in FY2021, 33.37 in FY2022, 21.44 in FY2023, 18.70 in FY2024, and 21.14 in FY2025, showing significant fluctuation.

Similarly, Nirlon EPS has shown variation according to how operational performance aligns with industry demand cycles and cost structures. Structural gains from higher leasing income and portfolio expansion supported directional improvement in earnings per share during favourable conditions, while cyclical headwinds from economic slowdowns and competitive pressures have moderated EPS momentum. Nirlon earnings have shown a trajectory that responded to both rental growth and margin pressures over the analysed period. Nirlon market cap has fluctuated in line with investor perceptions of the company’s growth potential in a competitive and evolving real estate market.

Over years, the Nirlon market cap has followed a pattern of growth followed by moderation. The market cap increased from ₹24,620 million in FY2021 to ₹36,975 million in FY2022, ₹33,857 million in FY2023, ₹38,435 million in FY2024, and ₹46,131 million in FY2025. As of April 2026, the market cap stands at approximately ₹4,379-4,598 crore across different sources. This fluctuation mirrors the trend in the Nirlon share price and the broader performance of the real estate sector.

Nirlon earnings over the past several years have been characterised by a period of consistent growth. Net income increased from ₹127.40 crore in FY2021 to ₹110.81 crore in FY2022, ₹157.92 crore in FY2023, ₹205.56 crore in FY2024, and ₹218.19 crore in FY2025. This recent earnings growth reflects the impact of strong leasing demand, completion of new park phases, and improving operational efficiency. The company’s revenue grew from ₹319.38 crore in FY2021 to ₹386.72 crore in FY2022, ₹575.61 crore in FY2023, ₹607.36 crore in FY2024, and ₹644.97 crore in FY2025, representing a 5-year CAGR of approximately 15-20%.

Nirlon EPS has shown variation over the past decade. The diluted EPS stood at ₹17.53 in FY2023, ₹22.81 in FY2024, and ₹24.27 in FY2025, showing positive growth of 52.4% in the latest year. The EPS growth rate has shown significant variation, with the company delivering strong profit growth in recent years. The highest EPS growth rate was 52.4% from FY2024 to FY2025, while the lowest was during periods of economic slowdown.

The Nirlon P/E ratio has shown fluctuations over the available period. At the end of recent fiscal years, the P/E ratio varied, with current levels at 13.98-14.42x across different sources. The mean historical P/E ratio over the last five years was elevated at 33.37x in FY2022, but has since moderated. The current P/E ratio compared to the historical average reflects that investor expectations are adjusting to near-term earnings momentum. The Nirlon share price has been influenced by these valuation metrics. The Nirlon stock price continues to be evaluated in the context of its earnings potential and market position.

Summary

Nirlon Limited is a commercial real estate company listed on both the NSE and BSE, where the Nirlon share price reflects office space leasing trends, portfolio utilization, and rental income growth within the real estate sector. Its representation on stock exchanges supports market visibility, while investor interest is shaped by earnings trends, valuation narratives, and broader commercial property industry themes. Within the sector, the company’s competitive context and earnings dynamics provide key perspectives on its role in India’s commercial real estate market.