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  2. SECTOR : COMMERCIAL SERVICES & SUPPLIES
  3. INDUSTRY : COMMODITY TRADING & DISTRIBUTION
  4. NORTHERN SPIRITS LTD.
Northern Spirits Ltd.
BSE: 542628

Northern Spirits Live Share Price Today, Share Analysis and Chart

Value Stock, Under Radar
aboutNorthern Spirits Ltd. is a leading importer and distributor of premium liquor brands in India, particularly specializing in the high-growth premiumization segment. Headquartered in Kolkata, West Bengal, the company serves as a crucial link between in... Read More
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107.30-1.25(-1.15%)

44.36% Fall from 52W High

6,608
BSE Volume

BSE 03 Nov, 2026 3:31 PM (IST)

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30.9 / 100
Value Stock, Under RadarThese stocks score high in quality and valuation, but medium in technicals. Investors may want to wait for the stock to improve momentumView SimilarEmbed DVM
Analyst Price Target
No estimates available

16

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SWOT Analysis

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High rank

11Positive11Negative

50.0%Pass in checklist

045
55
100

Check P/E Buy Sell Zone

Strong Buy Zone

0.0 %    into P/E buy sell zone

% time spent below current P/E
020406080100
Strong upside potential
Gains already realized

Northern Spirits Stock Price Analysis

Day Price Range

-1.2% 1 Day return
107.3 (LTP)
106110.5
LowHigh

Week Price Range

1.3% 1 Week return
107.3 (LTP)
103.1121.9
LowHigh

Month Price Range

-14.2% 1 Month return
107.3 (LTP)
103128
LowHigh

52 Week Price Range

-40.3% 1 Year return
107.3 (LTP)
96.6192.8
LowHigh
View full Price History/Seasonality

Northern Spirits Technical Analysis

Northern Spirits EMA & SMA

Bearish-8
0 bullish, 8 bearish
Bullish0
Bearish8
5 Day110.5
10 Day112.2
12 Day112.8
20 Day115
26 Day116.5
50 Day120.5
100 Day124.6
200 Day132.2

Northern Spirits Delivery And Volume

Daily Avg. Delivery Volume %
03 Nov, 202677.1%
Week73.8%
Month73.9%
Legend
Positive IndicatorNeutral IndicatorNegative Indicator

Northern Spirits Resistance and Support

107.93
Pivot
First Resistance109.9
Second Resistance112.4
Third Resistance114.4
First Support105.4
Second Support103.4
Third Support100.9
Day RSI36.4
Day MACD-3.7
Day MFI23.8
Day MACD Signal Line-3.5

Northern Spirits Beta

1 Month-0.6
1 Year0.9
3 Month-0.5
3 Year1.0

Northern Spirits Price Change Analysis

↓-14.2%
Over 1 Month
LowHigh
103.1128.0
↓-19.4%
Over 3 Months
LowHigh
103.1149.4
↓-17.1%
Over 6 Months
LowHigh
103.1152.8
↓-40.3%
Over 1 Year
LowHigh
96.6192.9
All Technicals →

Northern Spirits Shareholding Pattern/ Ownership

Shareholding Summary

Sep 2026
 
NameCategorySharesShares %
Ankush BakshiPromoter5,809,60036.2 %
Sumeet Singh SahniPublic542,0003.4 %

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

All Shareholding details

Northern Spirits Deals - Insider, Bulk, Block and SAST

Client NameDeal TypeActionDateAvg. PriceQuantityExchange
ALACRITY SECURITIES LIMITEDBulkPurchase28 Jul 2025200100,000BSE
YASH HITESH PATELBulkSell28 Jul 2025200.01143,719BSE
YASH HITESH PATELBulkPurchase28 Jul 2025198415BSE
BHAVNA HITESH PATELBulkSell22 Feb 2024235100,000BSE
MAHADEV MANUBHAI MAKVANABulkPurchase30 Jan 2024295.8781,000BSE
MAHADEV MANUBHAI MAKVANABulkSell30 Jan 2024298.4780,000BSE
NIKHIL RAJESH SINGHBulkPurchase17 Jan 2024409.6885,500BSE
NIKHIL RAJESH SINGHBulkSell17 Jan 2024418.8271,000BSE
VIR BHUVAN KHIMJIBulkPurchase30 Nov 2022263.25100,000BSE
SABAH SAHNIBulkPurchase18 Oct 2022214.52150,000BSE
All deals
All insider trades

Northern Spirits Corporate Actions

Northern Spirits Dividend history and yield

Northern Spirits dividend yields, including actual and adjusted, and dividend history, including announcement, record, and ex-dividend dates. Track Northern Spirits dividend yield over time.

#Ex-Date
Dividend AmountDividend TypeRecord DateInstrument Type
116 Sep 2026
0.35FINAL16 Sep 2026Equity Share
212 Sep 2025
0.3FINAL12 Sep 2025Equity Share
320 Sep 2024
0.25FINAL-Equity Share

Northern Spirits Board Meetings

Northern Spirits past and upcoming board meetings.

#Ex-Date
PurposeNotes
113 Aug 2026
Quarterly Results-
226 May 2026
Audited Results & Final Dividend-
309 Feb 2026
Quarterly Results-
406 Nov 2025
Quarterly Results-
507 Aug 2025
Quarterly Results-
All Corporate Actions

Northern Spirits Corporate Filings

Northern Spirits BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.

DateAnnouncement TitleDetailsLinks
03 Nov 2026
Northern Spirits Ltd - 542628 - Board Meeting Intimation for Consideration And Approval Of Financial Results For The Quarter And Half Year Ended 30.09.2026.
Northern Spirits Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2026 ,inter alia, to consider and approve Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026
PDF
07 Oct 2026
Northern Spirits Ltd - 542628 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Submission of Certificate under Regulation 74(5) of the SEBI (DP) Regulations, 2018 for the quarter ended 30th September, 2026 as received from the Registrar and Share Transfer agent of the Company.
PDF
25 Sep 2026
Northern Spirits Ltd - 542628 - Closure of Trading Window
Intimation regarding closure of Trading Window for dealing in the securities of the Company
PDF
23 Sep 2026
Northern Spirits Ltd - 542628 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Submission of Scrutinizer Report of the 14th Annual General Meeting of Northern Spirits Limited held on Wednesday, 23rd September, 2026.
PDF
23 Sep 2026
Northern Spirits Ltd - 542628 - Shareholder Meeting / Postal Ballot-Outcome of AGM
Submission of Outcome/Voting results of the 14th Annual General Meeting of Northern Spirits Limited held on Wednesday, 23rd September, 2026.
PDF
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Northern Spirits DocumentsAsk MarketMind AI

Northern Spirits Annual Reports

Northern Spirits financials, including annual results, balance sheets, and cash flow statements.

DateReport TitleLinks
2026Annual Report Mar-2026Link
2025Annual Report Mar-2025Link
2024Annual Report Mar-2024Link
2023Annual Report Mar-2023Link
2022Annual Report Mar-2022Link

Northern Spirits Credit Ratings

Northern Spirits credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.

DateRating AgencyCompany NameDescriptionLinks
19 Nov 2025india ratingsIndia Ratings Affirms Northern Spirits’s Bank Loans at ‘IND BBB'/Stable; Rates Additional LimitsLink
09 Jul 2025india ratingsIndia Ratings Revises Outlook on Northern Spirits’s Bank Facilities to Stable; Affirms ‘IND BBB’; Rates Additional LimitsLink
26 Nov 2024india ratingsIndia Ratings Affirms Northern Spirits’ Bank Loans at ‘IND BBB’/Positive; Rates Additional LimitLink
28 Oct 2024india ratingsIndia Ratings Affirms Northern Spirits’ Bank Loans at ‘IND BBB’/PositiveLink
29 Nov 2023india ratingsIndia Ratings Affirms Northern Spirits’s Bank Loans at ‘IND BBB’/Positive; Rates Additional Limits; Withdraws Long-Term Issuer RatingLink

Northern Spirits - Company Profile

Northern Spirits Management Structure

Northern Spirits management structure with salaries, total experience, and qualifications.

NAMEDESIGNATIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Abhinav SareenHead16.09Mar 26
Arpan DasGeneral Manager(Sales)13.92Mar 26
Argha BhowmickGeneral Manager(Operations)13.08Mar 26
Arooj SinghManager(Key Accounts.)10.68Mar 26
Ikbal AliGeneral Manager8.91Mar 26
Debabrata BiswasChief Accountant(Accountant)8.72Mar 26
Ravinder YadavArea Sales Manager7Mar 26
Abhijit BanikAccountant6.52Mar 26
Subhankar BiswasAssistant Executive5.5Mar 26
Gaurav ChauhanHead(Operations)5.2Mar 26
Pankaj KhannaCompany Secretary,Compliance Officer-Mar 26
Mr. Sharad AgarwalChief Financial Officer-Mar 26

Northern Spirits Board of Directors

Northern Spirits Board of directors with salaries, total experience, and qualifications.

NAMEPOSITIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Ankush BakshiExecutive Director & MD60Mar 25
Anuj BakshiExecutive Director60Mar 25
Roshni BakshiExecutive Director6Mar 25
Kanika BakshiExecutive Director6Mar 25
Sathvik JainIndependent Non Exe. Director0.6Mar 25
Arihant JainIndependent Non Exe. Director0.6Mar 25
Malti JaiswalIndependent Non Exe. Director0.36Mar 25
Dinesh ShawIndependent Non Exe. Director0.2Mar 25
Website: www.northernspirits.in

About the company - Business Profile

Northern Spirits Ltd. is a leading importer and distributor of premium liquor brands in India, particularly specializing in the high-growth premiumization segment. Headquartered in Kolkata, West Bengal, the company serves as a crucial link between international spirits producers and the Indian domestic market. It operates a diversified portfolio that includes spirits, wine, and beer, and has recently expanded into the direct retail space through a walk-in experience format.

Key Points

  • Key Facts:
    • Founded: The family journey began in 1975 (Unity Traders); Northern Spirits Limited was incorporated in 2012.
    • Headquarters: Kolkata, West Bengal (Registered office: Woodburn Central, Kolkata).
    • Stock Listing: Listed on BSE Limited (Scrip Code: 542628).
    • Core Business: Trading and distribution of premium liquor and wines, contributing 100% of total turnover.
  • Operations and Resources:
    • The company operates through a distribution network covering multiple Indian states, with a significant presence in North and East India.
    • Retail Presence: Forayed into its first retail format, The Liquor Exchange, a 2,000 sq. ft. walk-in outlet located at Garden Galleria Mall, Noida.
    • Integration: Primarily a distribution-led model with warehouses and supply chain logistics tailored for premium category brands.
  • Privatization and Ownership:
    • Promoters: Promoted by the Bakshi family. As of March 31, 2024, the promoter group held 66.97% of the equity share capital (1,07,49,000 shares).
    • Public Holding: Non-promoter holding constitutes approximately 33.03%.
  • Market and Significance:
    • Northern Spirits caters to high-end hospitality and retail clients, including DLF Shopping Malls, Hyatt, The Leela, Taj Hotels, ITC Hotels, and Nature’s Basket.
    • Strategic importance lies in its role as a distributor for international brands such as Absolut, Jameson, and Chivas Regal in designated territories.
  • Revenue and Financials (FY 2024-25):
    • Total Revenue: ₹1,94,348.19 Lakhs (compared to ₹1,23,604 Lakhs in FY2023-24).
    • EBITDA: ₹3,083.58 Lakhs (up from ₹2,229.53 Lakhs in FY2023-24).
    • Profit After Tax (PAT): ₹2,296.96 Lakhs (up from ₹1,657.28 Lakhs in FY2023-24).
    • Earnings Per Share (EPS): ₹14.33 (Basic and Diluted).
  • Business Model and Strengths:
    • The company operates a distribution-heavy business model, leveraging long-term relationships with global liquor majors.
    • It excels in "premiumization," focusing on high-margin international brands rather than mass-market segments.
    • Strong supply chain capabilities in complex regulatory environments across different Indian states.
  • Key Products and Technology:
    • Spirits & Gins: Distributes premium gin brands like Aqva Di Gin (Italy) and various international scotch whiskies and vodkas.
    • Wine & Beer: Portfolio includes diverse global wine labels and imported beer brands.
  • Employee Trends:
    • Employee benefit expenses for FY2024-25 stood at ₹525.85 Lakhs.
  • Strategic Initiatives:
    • Expansion of the distribution network nationwide to sustain growth momentum.
    • Further introduction of international premium category brands to domestic markets.
    • Strengthening retail footprint following the Noida outlet launch.
    • The Board recommended a final dividend of ₹0.30 per share for FY 2024-25.

References

  1. Annual Report May 2025
  2. Annual Report Feb 2025
  3. Result Feb 2026
  4. Result Nov 2025

Northern Spirits FAQ

Northern Spirits today is trading in the red, down by 1.15% at ₹107.3.
Northern Spirits is currently trading down 1.15% on an intraday basis. In the past week the stock rose 1.32%. Stock has been down 19.41% in the past quarter and fell 40.32% in the past year. You can view this in the share price history/seasonality section.
Northern Spirits is listed on BSE with ticker 542628. It's currently trading on BSE at a share price of ₹107.3.
The market cap of Northern Spirits is ₹172.23 Cr. as of Nov 03, 2026.
Northern Spirits announced a FINAL dividend of 3.5% which equals ₹0.35 in Sep 16, 2026.The last two ex-dates for Northern Spirits were Sep 12, 2025 and Sep 20, 2024. To view the full dividend history of Northern Spirits click here.
Northern Spirits has never issued stock splits or bonus shares since the time of its listing on the BSE exchange.
Northern Spirits reported ₹599.29 Cr. in revenue, ₹9.27 Cr. in net profit, and ₹16.85 Cr. in EBITD as of Aug 13, 2026 for Q1 FY26-27.
There are no analyst predictions for stock price target for Northern Spirits.
The PE ratio of Northern Spirits is 5.93 as of Nov 03, 2026.
The PB ratio of Northern Spirits is 1.09 as of Nov 03, 2026.
There are no analyst reports for Northern Spirits.
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