Northern Spirits
BSE: NSL · Trading & Distributors
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Snapshot
Unlock Northern Spirits's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Northern Spirits Limited is an Indian company engaged in the trading and distribution of premium alcoholic beverages, including imported and domestic spirits, beers, and wines. The company secures distribution rights from global and domestic brand owners to supply hotels, restaurants, clubs, and retail outlets, with a strong market presence in Northern and Eastern India.
Business Model
The company operates as a distributor of alcoholic beverages, generating revenue through supply chain logistics, warehousing, and brand promotion within its licensed territories. It navigates state-specific excise policies and licensing frameworks to supply various hospitality and retail channels.
Growth Outlook
Growth is driven by the increasing demand for premium liquor segments in India and the expansion of distribution networks across licensed territories.
Key Risks
- Regulatory and Excise Policy Risk. The company operates in a highly regulated industry subject to complex, state-specific excise policies, taxation changes, and licensing frameworks.
- Distribution Rights Concentration. Reliance on securing and maintaining distribution rights from global and domestic brand owners poses a risk to business continuity if contracts are lost.
- Geographic Concentration. With a strong market presence primarily concentrated in Northern and Eastern India, the company is exposed to regional economic and regulatory shifts.
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Key Metrics
P/E
7.4x
Q4 FY26 · standalone
EV/EBITDA
3.9x
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 | ₹199 Cr | 7.42 | 3.86 | — | 129600.0% | 28.9% | 54.8% | -27.9% |
Veritas (India)VERITAS | ₹417 Cr | -493.83 | 11.83 | -12.9% | 2.0% | 0.0% | 0.9% | -56.4% |
Kothari ProductsKOTHARIPRO | ₹416 Cr | 167.82 | -12.33 | -18.3% | -5.1% | -0.2% | -2.3% | -30.8% |
Rotographics (India) LimitedRGIL | ₹330 Cr | 52.46 | 198.17 | 301.6% | 3.7% | 11.6% | 15.9% | -60.7% |
Polo Queen Industrial and Fintech LimitedPQIF | ₹270 Cr | 130.17 | 56.64 | -2.0% | 7.0% | 1.2% | 2.3% | -81.3% |
Constronics Infra Ltd.CONSTRONIC | ₹63 Cr | 23.27 | 22.03 | — | 8.0% | 6.0% | 6.0% | -26.4% |
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 engaged in the trading and distribution of premium alcoholic beverages, including imported and domestic spirits, beers, and wines. The company secures distribution rights from global and domestic brand owners to supply hotels, restaurants, clubs, and retail outlets, with a strong market presence in Northern and Eastern India.
Business Model
The company operates as a distributor of alcoholic beverages, generating revenue through supply chain logistics, warehousing, and brand promotion within its licensed territories. It navigates state-specific excise policies and licensing frameworks to supply various hospitality and retail channels.
Growth Outlook
Growth is driven by the increasing demand for premium liquor segments in India and the expansion of distribution networks across licensed territories.
Key Risks
- Regulatory and Excise Policy Risk. The company operates in a highly regulated industry subject to complex, state-specific excise policies, taxation changes, and licensing frameworks.
- Distribution Rights Concentration. Reliance on securing and maintaining distribution rights from global and domestic brand owners poses a risk to business continuity if contracts are lost.
- Geographic Concentration. With a strong market presence primarily concentrated in Northern and Eastern India, the company is exposed to regional economic and regulatory shifts.
Start your research today
Unlock AI insights, financials, peers and live data on Northern Spirits and 5,000+ companies — free.
Key Metrics
P/E
7.4x
Q4 FY26 · standalone
EV/EBITDA
3.9x
Q4 FY26 · standalone
DEBT TO EQUITY
1.2x
Q3 FY25 · standalone
Peers · Trading & Distributors
As of Q4 FY26