Northern Spirits
BSE: NSL · Trading & Distributors
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Northern Spirits's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Northern Spirits Limited is an Indian company primarily engaged in the trading and distribution of alcoholic beverages. The company operates as a key intermediary in the supply chain, facilitating the movement of spirits and related products across various markets.
Business Model
The company generates revenue through the wholesale distribution and trading of alcoholic beverage brands. It leverages established supply chain networks to bridge the gap between manufacturers and retail outlets or institutional buyers.
Growth Outlook
Growth is primarily driven by the increasing consumption of premium spirits in the Indian market and the expansion of distribution networks. The company aims to capitalise on evolving consumer preferences and favourable demographic shifts.
Key Risks
- Regulatory and Licensing Risk. The alcoholic beverage industry is subject to stringent state-level regulations, licensing requirements, and frequent changes in excise policies.
- Taxation Volatility. Changes in state excise duties and tax structures can significantly impact profit margins and product pricing competitiveness.
- Supply Chain Dependency. The company relies on maintaining strong relationships with manufacturers and timely logistics, making it vulnerable to supply chain disruptions.
- Market Competition. The trading and distribution sector is highly fragmented, leading to intense competition that may pressure operating margins.
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Key Metrics
P/E
7.9x
Q4 FY26 · standalone
EV/EBITDA
3.4x
Q4 FY26 · standalone
DEBT TO EQUITY
1.2x
Q3 FY25 · standalone
Peers · Trading & Distributors
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Northern SpiritsNSL | ₹204 Cr | 7.57 | 3.96 | — | 129600.0% | 28.9% | 54.8% | -33.0% |
Veritas (India)VERITAS | ₹445 Cr | 8.63 | 7.06 | -24.1% | 3.9% | 1.9% | 2.7% | -55.4% |
Kothari ProductsKOTHARIPRO | ₹407 Cr | 179.58 | -12.12 | -18.3% | -5.1% | -0.2% | -2.3% | -9.8% |
Rotographics (India) LimitedRGIL | ₹404 Cr | 94.62 | 326.54 | 4987.7% | 3.0% | 12.6% | 17.2% | — |
Polo Queen Industrial and Fintech LimitedPQIF | ₹333 Cr | 141.71 | 64.71 | -5.7% | 7.0% | 1.3% | 2.5% | -79.1% |
Constronics Infra Ltd.CONSTRONIC | ₹61 Cr | — | — | — | 5.5% | — | — | -24.7% |
As of Q4 FY26
Financials
Northern Spirits
BSE: NSL · Trading & Distributors
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Northern Spirits's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Northern Spirits Limited is an Indian company primarily engaged in the trading and distribution of alcoholic beverages. The company operates as a key intermediary in the supply chain, facilitating the movement of spirits and related products across various markets.
Business Model
The company generates revenue through the wholesale distribution and trading of alcoholic beverage brands. It leverages established supply chain networks to bridge the gap between manufacturers and retail outlets or institutional buyers.
Growth Outlook
Growth is primarily driven by the increasing consumption of premium spirits in the Indian market and the expansion of distribution networks. The company aims to capitalise on evolving consumer preferences and favourable demographic shifts.
Key Risks
- Regulatory and Licensing Risk. The alcoholic beverage industry is subject to stringent state-level regulations, licensing requirements, and frequent changes in excise policies.
- Taxation Volatility. Changes in state excise duties and tax structures can significantly impact profit margins and product pricing competitiveness.
- Supply Chain Dependency. The company relies on maintaining strong relationships with manufacturers and timely logistics, making it vulnerable to supply chain disruptions.
- Market Competition. The trading and distribution sector is highly fragmented, leading to intense competition that may pressure operating margins.
Start your research today
Unlock AI insights, financials, peers and live data on Northern Spirits and 5,000+ companies — free.
Key Metrics
P/E
7.9x
Q4 FY26 · standalone
EV/EBITDA
3.4x
Q4 FY26 · standalone
DEBT TO EQUITY
1.2x
Q3 FY25 · standalone
Peers · Trading & Distributors
As of Q4 FY26