Nirlon Ltd

Nirlon Ltd (NIRLON)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-4.89 %
3 Month Return-7.67 %
1 Year Return34.41 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 82
Rank 82
Rank 90
Dividend Yield
Rank 18
Rank 4
Price To Book Ratio
Debt To Asset
Rank 11

Company Information

Nirlon Limited Nirlon a multiproduct company was incorporated on 12th March 1958 as a private limited. Nirlon is making a real estate play and other business of the company includes manufacturing of industrial fabrics used in belting tarpaulins and grey textiles in India. The company also offers a range of wrap type polyester reinforced Vbelts also engages in dipping tyrecord fabric and industrial fabric as well as in the manufacture and job work of griege tyrecord and industrial fabric. It has a joint venture with Semperit A.G for produce synthetic and cotton fabric reinforced rubber conveyor belts. The manufacturing units of the company are located in Mumbai Thane and Raigad. Nylon Textile production was started by the company in the year 1962. On 13th March 1963 Nirlons status was converted from private limited to a public limited company. Nylon Tyrecord and Nylon Polyester production of the company were started in 1971 and 1974 respectively. During the year 1978 Nirlon had diversified into manufacture of Industrial Rubber Belting products i.e. Conveyor Belts VBelts at a new location in Roha District Raigad. The Company made major expansion of the Nylon Tyrecord facility at a Tarapur in the year 1984. After four years in 1988 the company had registered with Board for Financial and Industrial Reconstruction BIFR. The rehabilitation scheme was sanctioned in the year of 1993. During the year 1995 Nirlon had exits from Polyester Filament Yarn business. Stateoftheart spin draw technology plant for Tyrecord of the company was commissioned in the year of 1996. The year 1999 was notable one in the Nirlons saga the company made its entry into the Real Estate business and offered its idle/surplus/factory premises at its Goregaon complex to Leading Corporates. Modification to rehabilitation scheme was approved in the year of 1999. During the same year of 1999 the company came out from the Nylon Textile Filament Yarn business. In 2000 Nirlon had formed a Joint Venture JV company for its conveyor belting division having its manufacturing facility at Roha with a large integrated global player in belting production. Nylon Tyrecord division of the company obtained an ISO9002 accreditation from the Dutch Council for Certification in the same year of 2000. The factory building of the company areas of 350000 sq.ft had licensed at Goregaon complex in the year of 2003. During the year 2004 the company had phased out the Tyrecord manufacturing facility at Goregaon. Additional building area of the company which covers 150000 sq.ft was licensed at Goregaon in the year 2005. During the financial year of 200506 Nirlon had substantially completed its implementation of rehabilitation scheme. During the year 200607 BIFR had deregistered the company from the list of companies under Sick Industrial Companies in view of this the company is no longer a sick industrial unit under BIFR. In 200708 the company had commenced its development of IT Park at Goregaon. Nirlon has decided to phase out its VBelt division in the financial year 20082009 and the assets of the division including fixed and net current assets will be monetized. The Company has scheduled to begin development and construction of a further two phases in NKP in 20092010 depending on the progress of Phase 1 and Phase 2 and also planned to complete the same in 20112012. This would create approximately 2.8 million sq. ft. builtup area at Goregaon.
OrganisationNirlon Ltd