Nirma Ltd
About
Nirma is the brainchild of Dr. Karsanbhai Patel. What started as a one-man venture in 1969 has now grown into bringing an annual turnover of over ₹7,000 cr. Patel started the company in 1969 by selling detergent powder at ₹3 per kg when the other players at the time were charging a minimum of ₹13 per kg. It quickly emerged as the leading domestic player in the household sector. Since then, it has diversified into producing industrial and edible salts, soaps, packaging, soda ash, scouring products, glycerin, sulphuric acid, linear alkyl benzoate (LAB), and more such consumer and industrial products. Its wholly-owned subsidiary, Nirma Consumer Care Limited (NCCL), markets its products under the brands of Nirma and Nima. Thus far, the company has been able to reach 40 million consumers across the country through 450 exclusive distributors.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 10285 -13.7% | 11921 30.1% | 9164 20.7% | 7594 -8.3% | 8280 -3.1% | 8545 -40.1% | 14257 41.6% | 10069 42.1% | 7084 72.2% | 4114 -39.0% | 6742 55.6% | 4331 -47.0% | 8174 72.9% | 4727 1.2% | 4669 -2.6% | 4794 - |
| Net Operating Income (INR Cr) | 10403 -8.34% | 11349 26.62% | 8963 20.60% | 7432 -3.69% | 7717 -7.70% | 8360 -40.69% | 14097 42.32% | 9905 39.77% | 7087 0.00% | 4124 7.39% | 6506 56.25% | 4164 -47.88% | 7990 72.23% | 4639 0.40% | 4620 0.96% | 4576 70.43% |
| Profit (INR Cr) | 282 -69.0% | 909 156.6% | 354 -27.8% | 491 -37.0% | 779 -21.0% | 986 25.2% | 788 23.4% | 639 -19.6% | 795 210.7% | 256 -50.3% | 515 142.9% | 212 314.6% | 51 -46.1% | 95 -61.9% | 249 87.5% | 133 - |
| Assets (INR Cr) | 18551 46.0% | 12707 6.6% | 11925 -12.1% | 13571 0.7% | 13477 -35.2% | 20788 2.4% | 20298 3.6% | 19585 208.0% | 6358 26.4% | 5029 -16.5% | 6019 7.2% | 5614 10.4% | 5087 18.8% | 4283 3.2% | 4152 -1.8% | 4228 - |
| Net Worth (INR Cr) | 9504 3.4% | 9193 13.3% | 8111 5.6% | 7684 6.0% | 7247 -35.5% | 11232 10.6% | 10156 7.9% | 9415 94.0% | 4853 0.0% | 3452 9.7% | 3411 3.9% | 3283 8.8% | 3018 3.5% | 2916 3.2% | 2825 10.3% | 2561 -1.1% |
| Employee Cost (INR Cr) | 982 8.8% | 903 11.6% | 809 0.2% | 808 -2.8% | 831 3.9% | 800 -28.2% | 1114 23.2% | 904 23.7% | 731 231.8% | 220 -66.1% | 650 33.2% | 488 -27.0% | 668 47.7% | 452 3.1% | 439 9.1% | 402 - |
| Interest Cost (INR Cr) | 291 | 211 | 319 | 362 | 426 | 381 | 851 | 523 | 77 | 71 | 177 | 91 | 203 | 70 | 74 | 100 |
| Cash & Bank Balance (INR Cr) | 1519 | 802 | 1098 | 885 | 910 | 909 | 779 | 759 | 477 | 15 | 122 | 43 | 75 | 111 | 171 | 271 |
| Total Debt (INR Cr) | 6811 | 3136 | 3463 | 5560 | 5647 | 9138 | 9731 | 9837 | 1259 | 1408 | 2343 | 2072 | 1839 | 1229 | 1327 | 1667 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 2.7% | 7.6% | 3.9% | 6.5% | 9.4% | 11.5% | 5.5% | 6.3% | 11.2% | 6.2% | 7.6% | 4.9% | 0.6% | 2.0% | 5.3% | 2.8% |
| Profit As % Of Assets | 1.5% | 7.2% | 3.0% | 3.6% | 5.8% | 4.7% | 3.9% | 3.3% | 12.5% | 5.1% | 8.6% | 3.8% | 1.0% | 2.2% | 6.0% | 3.2% |
| Profit As % Of Networth | 3.0% | 9.9% | 4.4% | 6.4% | 10.8% | 8.8% | 7.8% | 6.8% | 16.4% | 7.4% | 15.1% | 6.5% | 1.7% | 3.3% | 8.8% | 5.2% |
| Interest Cost to EBITDA % | 24.6% | 10.5% | 20.7% | 24.3% | 32.4% | 20.8% | 33.2% | 30.0% | 5.4% | 11.9% | 19.1% | 17.3% | 18.2% | 13.4% | 11.5% | 19.7% |
| Debt to Equity Ratio | 0.72 | 0.34 | 0.43 | 0.72 | 0.78 | 0.81 | 0.96 | 1.04 | 0.26 | 0.41 | 0.69 | 0.63 | 0.61 | 0.42 | 0.47 | 0.65 |
| RONW | 2.5% | 10.5% | 4.5% | 5.6% | 7.0% | 9.2% | 8.1% | 9.0% | 16.4% | 7.8% | 15.4% | 13.4% | 1.2% | 4.1% | 9.3% | 7.2% |
| ROCE | 5.2% | 12.0% | 6.4% | 7.3% | 6.7% | 7.8% | 9.0% | 10.8% | 18.5% | 6.5% | 11.8% | 15.2% | 10.2% | 5.2% | 9.8% | 9.9% |