Nirav Commercials quarterly results and financials

Nirav Commercials (BSE 512425)₹713.75+3.19%(9 Nov 2026 close)Trading & Distributors

Key facts

In the Mar 2026 quarter (standalone), Nirav Commercials reported sales of ₹6.34 Cr, up 68.2% from Mar 2025, and net profit of ₹0.60 Cr, up 215.8% year on year. For the year to Mar 2026, sales were ₹12.94 Cr and net profit ₹0.42 Cr.

Sales (Mar 2026): ₹6.34 Cr
Net profit (Mar 2026): ₹0.60 Cr
Sales (FY Mar 2026): ₹12.94 Cr
Net profit (FY Mar 2026): ₹0.42 Cr
EPS (Mar 2026): ₹15.60
Borrowings (Mar 2026): ₹0 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Nirav Commercials quarterly results

₹ crore unless stated; each column is a quarter.

Nirav Commercials Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	3.35	2.92	1.99	2.54	2.29	2.49	3.50	3.77	2.89	2.21	1.51	6.34
Expenses	3.09	2.69	2.28	4.42	2.20	2.43	3.66	4.08	3.00	2.24	1.82	6.04
Operating Profit	0.27	0.24	−0.30	−1.89	0.10	0.07	−0.17	−0.32	−0.12	−0.04	−0.32	0.30
OPM %	7.8%	7.9%	−14.7%	−74.3%	4.0%	2.4%	−4.6%	−8.3%	−3.8%	−1.4%	−20.7%	4.6%
Other Income	0.00	0.30	0.19	0.05	0.00	0.00	0.18	0.64	0.11	0.13	0.08	0.57
Interest	0.02	0.08	0.02	0.04	0.03	0.07	0.13	0.08	0.10	0.08	0.05	0.05
Depreciation	0.03	0.05	0.04	0.06	0.04	0.04	0.08	0.05	0.05	0.05	0.05	0.05
Profit before tax	0.24	0.42	−0.14	−1.91	0.05	−0.03	−0.19	0.24	−0.13	−0.03	−0.29	0.78
Tax %	34.8%	−11.7%	46.1%	−1.1%	25.0%	−50.0%	−22.3%	13.0%	−25.0%	−500.0%	−36.7%	22.8%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.14	0.47	−0.18	−1.87	0.02	0.00	−0.13	0.19	−0.08	0.07	−0.18	0.60
EPS (Rs)	3.84	12.26	−4.86	−48.09	0.78	−0.27	−3.58	5.11	−2.31	2.05	−4.86	15.60

Nirav Commercials profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Nirav Commercials Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	7.24	11.76	6.11	5.07	3.73	5.28	11.12	9.66	10.55	9.76	12.94	12.95
Expenses	7.37	11.32	6.34	5.73	4.93	5.72	11.16	9.28	10.71	10.17	13.07	13.10
Operating Profit	−0.15	0.45	−0.25	−0.66	−1.21	−0.45	−0.05	0.37	−0.16	−0.42	−0.15	−0.18
OPM %	−2.0%	3.7%	−4.0%	−12.9%	−32.3%	−8.4%	−0.4%	3.7%	−1.4%	−4.2%	−1.1%	−1.4%
Other Income	0.42	0.30	8.52	0.87	1.31	9.83	0.79	0.59	0.79	0.82	0.90	0.89
Interest	0.02	0.18	0.03	0.02	0.02	0.02	0.03	0.05	0.15	0.26	0.27	0.28
Depreciation	0.07	0.06	0.05	0.06	0.06	0.06	0.06	0.05	0.13	0.15	0.16	0.20
Profit before tax	0.21	0.52	8.20	0.14	0.05	9.31	0.68	0.89	0.40	0.04	0.35	0.33
Tax %	20.0%	26.4%	20.0%	0.0%	0.0%	0.5%	−108.7%	22.7%	15.4%	−66.7%	−16.7%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.16	0.39	6.55	0.14	0.03	9.27	1.43	0.66	0.31	0.03	0.42	0.41
EPS (Rs)	4.35	10.22	168.06	3.84	1.03	237.17	36.81	17.13	8.18	1.03	11.00	10.48
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Nirav Commercials balance sheet

₹ crore, at each year end.

Nirav Commercials Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.38	0.38	0.38	0.38	0.38	0.38	0.38	0.38	0.38	0.38	0.38	0.38
Reserves	9.84	10.01	10.42	16.96	17.12	17.10	26.40	28.10	28.70	29.42	30.03	30.95
Borrowings	0.11	0.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.21	0.94	0.00
Other Liabilities	0.51	0.65	1.86	1.64	1.53	1.29	0.78	1.32	2.03	1.77	2.19	0.30
Total Liabilities	10.84	11.15	12.66	18.98	19.03	18.77	27.56	29.80	31.11	31.78	33.54	31.63
Fixed Assets	0.36	0.30	0.33	0.43	0.38	0.39	0.38	0.34	0.31	0.63	0.81	0.29
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	4.15	4.16	4.15	11.94	12.31	3.71	2.02	16.34	18.97	24.85	25.58	26.19
Other Assets	6.33	6.69	8.18	6.61	6.34	14.67	25.16	13.12	11.83	6.30	7.15	5.15
Inventories	2.37	2.13	2.57	2.81	2.75	2.73	1.74	2.10	2.46	2.17	2.65	0.00
Trade receivables	1.12	1.23	3.10	1.34	0.89	0.80	1.42	1.14	2.28	1.05	1.62	0.00
Cash & equivalents	0.26	0.09	0.17	0.14	0.37	0.31	0.17	0.26	1.73	0.19	0.08	0.04
Total Assets	10.84	11.15	12.66	18.98	19.03	18.77	27.56	29.80	31.11	31.78	33.54	31.63

Nirav Commercials cash flow

₹ crore, for each year.

Nirav Commercials Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−0.22	−0.51	−0.09	−0.46	−0.08	−9.76	−11.49	13.57	3.87	3.76	−0.29	−3.28
Cash from investing activity	0.08	0.10	0.03	0.13	0.14	8.74	10.82	−14.04	−2.80	−6.30	−1.04	−0.68
Cash from financing activity	0.16	0.23	0.14	0.29	0.16	0.94	0.54	0.54	0.39	0.99	1.19	3.89
Net cash flow	0.02	−0.16	0.07	−0.02	0.22	−0.05	−0.13	0.08	1.46	−1.53	−0.10	−0.05
Capex	0.06	0.00	0.09	0.15	0.00	0.00	0.00	0.00	0.02	0.45	0.32	0.09
Free cash flow	−0.27	−0.51	−0.17	−0.60	0.05	−9.74	−11.35	13.59	3.86	3.32	−0.60	−3.36
CFO / OP %	−100.0%	321.0%	−7.0%	−496.0%	−6.0%	803.0%	2,593.0%	−33,775.0%	1,103.0%	−2,527.1%	85.0%	2,286.0%

Nirav Commercials ratios

Working-capital days and returns, by year.

Nirav Commercials Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	44	63	96	80	63	79	99	37	87	37	60	0
Inventory days	127	152	105	293	318	377	173	96	159	125	178	0
Days payable	14	19	51	93	105	31	11	9	65	11	25	—
Cash conversion cycle	158	195	151	279	276	425	262	124	181	151	213	0
Working capital days	216	293	188	284	312	1,269	1,675	374	305	147	173	138
ROCE %	1.7%	−0.3%	5.6%	56.9%	−1.8%	−0.8%	41.4%	2.6%	2.9%	0.1%	0.8%	0.8%

Nirav Commercials: frequently asked questions

What are the latest quarterly results of Nirav Commercials?

For the Mar 2026 quarter, Nirav Commercials reported sales of ₹6.34 Cr, up 68.2% year on year and net profit of ₹0.60 Cr, up 215.8% year on year. The operating margin was 4.6%.

What is the annual revenue of Nirav Commercials?

Nirav Commercials' sales for the year to Mar 2026 were ₹12.94 Cr; over the last twelve months they were ₹12.95 Cr.

What is the net profit of Nirav Commercials?

Net profit for the year to Mar 2026 was ₹0.42 Cr, and ₹0.41 Cr over the last twelve months. Earnings per share over the same trailing period were ₹10.48.

How much debt does Nirav Commercials have?

Nirav Commercials reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹0.04 Cr.

What is the free cash flow of Nirav Commercials?

Cash from operations was −₹3.28 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹3.36 Cr.

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