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National E-Repository Limited(NERL) has been achieving new milestones. By Feb 25, the company crossed Rs 10,000 crores in pledge finance against Electronic Negotiable Warehouse Receipts (eNWRs), which is their core business activity.
Let’s take a look at how NeRL’s Financials have performed in the last few years:
Particulars (In Rs cr) | FY24-25 | FY23-24 | FY22-23 |
Revenue | 12 | 10.8 | 9.6 |
EBITDA | -3.2 | -2.7 | -2.2 |
Profit after tax | -4 | -5 | -5.5 |
Net margin % | -34.2% | -46.3% | -57.3% |
EPS (Rs) | -0.49 | -0.60 | -0.70 |
A) Revenue Growth
Revenue improved from Rs 9.6 crore in FY22–23 to Rs 12 crore in FY24–25, reflecting a gradual recovery in operational activity.
And clearly reflects a decrease in operations for National e repository limited unlisted shares price.
B) EBITDA
EBITDA remained negative over the three years and further dipped to Rs -3.2 crore in FY24–25, indicating pressure from operating and administrative costs.
C)Profit after Tax
PAT losses narrowed from Rs -5.5 crore in FY22–23 to Rs -4.0 crore in FY24–25, showing incremental improvement despite ongoing challenges. Thus reflecting a drop in the growth of National e repository limited unlisted shares price.
D)Earnings Per Share
EPS improved from Rs -0.7 to Rs -0.49 during the review period, though profitability is yet to be achieved.
Earnings per share and P/E Ratio affect the national e repository limited unlisted shares price.
Some Recent Achievements by NeRL
NERL has more than 9,980 active customers (over 2,000 customers added in FY 2023-24), 76 pledgee Banks/ NBFCs, 3 CM Pledgees, 1096 unique Warehouses issuing eNWR/eNNWR, and 99 Repository Participants (‘RPs’) across 17 states and 1 UT in India.
NERL has issued more than 5.5 lakh eNWRs (Exchange + Emerging Business) for commodities over 59.70 lakh MT (Exchange + Emerging Business) deposited in registered warehouses of WDRA.
A new milestone was achieved in FY 2023-24 as Banks crossed Rs. 7,000 Crores in finance against eNWR since inception, a clear indication of the growing confidence of banks in eNWR.
Soon, all warehouse storage will be required to use eWR, which will significantly benefit NeRL as the market expands.
Also Read:NeRL Business Model Explained
NERL Shares Valuation
The current unlisted share price of Rs 61.95 translates to a market cap of Rs 501 crore, which appears high relative to revenue size. Valuation multiples highlight this mismatch:
Price-to-Sales: 41.8
Price-to-Book: 10.9
PE: -126.4 (loss-making)
ROE: -9%
ROA: -7.1%
These numbers suggest the market is pricing NeRL more on future potential rather than present fundamentals.
NeRL’s revenues have grown steadily from Rs 9.6 crore in FY22-23 to Rs 12 crore in FY24-25, reflecting consistent but modest top-line expansion. However, profitability remains a concern. EBITDA has stayed negative for three consecutive years, widening from Rs -2.2 crore to Rs -3.2 crore. The company continues to report losses, with FY24-25 PAT at Rs -4 crore, though the net margin has improved from -57.3% to -34.2% over three years.
Based purely on financials, NeRL looks overvalued at current levels. However, considering its strategic relevance and long-term industry potential, investors may be pricing in future scalability rather than current earnings. It remains a high-potential but high-risk unlisted play.
Even after all these indicators, knowing National E Repository Limited before buying its unlisted shares is essential.
If you are new to investing, taking expert advice on such matters becomes crucial. You can get the best advice and updates on the latest unlisted shares in India with a simplified process of buying and selling unlisted shares in India, with the best trading platform to buy and sell unlisted shares: Stockify.
Connect with our experts for more details!
FAQs:
1.What is National E Repository Limited Unlisted Shares Price in India?
Ans- Currently, the Nerl unlisted share trades at Rs. 66.67 per share. You can visit Stockify to get updates on the updated share prices.
2.Is it legal to buy NeRL Unlisted Shares in India?
Ans- Buying NeRL Unlisted Shares in India is legal. You can use online trading platforms like Stockify to buy and sell unlisted shares.
3.How to check National E Repository Limited Unlisted Shares Price?
Ans- Stockify is the right platform to check Nerl unlisted share price. It offers the best and most updated prices for unlisted shares.




















































