N 
National Industries Group Holding KPSC NIND.KW · KWD
Industrials · Industrial Conglomerates · Boursa Kuwait · 🇰🇼 Kuwait
210.00
—
Close of 9 Nov 2026, in KWD
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At a glance
Figures in KWD, from our data supplier.
Revenue
KWD 176.0m
FY2015FY2024
Net income
KWD 59.0m
FY2015FY2024
Free cash flow
−KWD 20.7m
FY2015FY2024
Shareholders' equity
KWD 550.9m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | KWD 176.0m | KWD 150.1m | KWD 128.2m | KWD 110.7m | KWD 109.9m | KWD 132.2m | KWD 125.4m | KWD 110.5m | KWD 110.3m | KWD 139.9m |
| Gross profit | KWD 37.6m | KWD 34.0m | KWD 26.7m | KWD 22.3m | KWD 18.3m | KWD 22.1m | KWD 22.1m | KWD 20.1m | KWD 21.1m | KWD 32.6m |
| Operating income | −KWD 5.3m | −KWD 9.2m | KWD 34.0m | KWD 28.7m | KWD 6.1m | KWD 20.2m | KWD 33.3m | KWD 47.3m | −KWD 24.1m | KWD 30.5m |
| Net income | KWD 59.0m | KWD 24.9m | KWD 21.4m | KWD 78.6m | −KWD 52.2m | KWD 46.4m | KWD 19.8m | KWD 24.2m | −KWD 24.2m | KWD 25.4m |
| Diluted earnings per share | 0.02 | 0.01 | 0.01 | 0.04 | -0.03 | 0.02 | 0.01 | 0.01 | -0.01 | 0.01 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | KWD 1.60bn | KWD 1.50bn | KWD 1.38bn | KWD 1.28bn | KWD 1.19bn | KWD 1.24bn | KWD 1.20bn | KWD 1.27bn | KWD 1.25bn | KWD 1.30bn |
| Cash and short-term investments | KWD 326.0m | KWD 201.3m | KWD 206.3m | KWD 98.6m | KWD 70.7m | KWD 56.0m | KWD 47.4m | KWD 236.2m | KWD 253.7m | KWD 192.4m |
| Total liabilities | KWD 861.1m | KWD 836.0m | KWD 754.6m | KWD 722.7m | KWD 724.1m | KWD 735.9m | KWD 706.4m | KWD 759.2m | KWD 756.2m | KWD 786.4m |
| Debt | KWD 749.3m | KWD 723.1m | KWD 657.5m | KWD 637.0m | KWD 645.6m | KWD 658.9m | KWD 634.2m | KWD 695.6m | KWD 696.5m | KWD 721.4m |
| Shareholders' equity | KWD 550.9m | KWD 498.9m | KWD 487.0m | KWD 408.5m | KWD 326.9m | KWD 378.0m | KWD 352.7m | KWD 376.0m | KWD 360.3m | KWD 384.0m |
| Shares outstanding | 2,371m | 2,258m | 2,258m | 1,903m | 1,961m | 1,961m | 1,961m | 1,961m | 1,961m | 1,961m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −KWD 9.8m | KWD 1.0m | KWD 10.4m | KWD 20.6m | KWD 68.1m | KWD 37.0m | KWD 80.4m | KWD 20.0m | KWD 33.2m | −KWD 15.2m |
| Capital spending | −KWD 10.9m | −KWD 9.2m | −KWD 8.9m | −KWD 5.9m | −KWD 13.5m | −KWD 10.1m | −KWD 12.7m | −KWD 7.9m | −KWD 9.1m | −KWD 8.6m |
| Free cash flow | −KWD 20.7m | −KWD 8.2m | KWD 1.4m | KWD 14.6m | KWD 54.6m | KWD 26.9m | KWD 67.7m | KWD 12.1m | KWD 24.1m | −KWD 23.8m |
| Dividends paid | −KWD 11.4m | −KWD 10.8m | −KWD 23.7m | — | −KWD 13.3m | −KWD 15.4m | −KWD 12.1m | −KWD 423,000 | −KWD 13.8m | −KWD 15.0m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | KWD 40.8m | KWD 44.9m | KWD 38.7m | KWD 47.9m | KWD 44.4m | KWD 43.2m | KWD 40.4m | KWD 39.1m |
| Gross profit | KWD 6.8m | KWD 7.6m | KWD 5.5m | KWD 10.7m | KWD 9.5m | KWD 7.7m | KWD 9.7m | KWD 10.7m |
| Operating income | −KWD 3.3m | −KWD 1.6m | −KWD 4.8m | −KWD 8.4m | KWD 703,000 | −KWD 1.3m | −KWD 782,000 | −KWD 17.5m |
| Net income | KWD 12.3m | KWD 21.4m | KWD 17.8m | KWD 19.6m | KWD 9.2m | KWD 676,000 | KWD 29.5m | KWD 8.1m |
| Diluted earnings per share | — | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 |
| Cash from operations | — | — | KWD 1.0m | KWD 4.0m | KWD 1.0m | −KWD 11.0m | −KWD 4.0m | −KWD 8.0m |
| Capital spending | — | — | −KWD 2.0m | −KWD 1.0m | −KWD 4.0m | −KWD 3.0m | −KWD 1.0m | — |
| Free cash flow | — | — | −KWD 1.0m | KWD 3.0m | −KWD 3.0m | −KWD 14.0m | −KWD 5.0m | — |
| Total assets | KWD 1.67bn | KWD 1.64bn | KWD 1.62bn | KWD 1.60bn | KWD 1.57bn | KWD 1.55bn | KWD 1.55bn | KWD 1.50bn |
| Cash and short-term investments | KWD 34.4m | KWD 39.6m | KWD 198.9m | KWD 326.0m | KWD 191.1m | KWD 198.5m | KWD 202.0m | KWD 301.9m |
| Debt | KWD 747.6m | KWD 759.4m | KWD 758.6m | KWD 520.6m | KWD 742.7m | KWD 756.3m | KWD 599.8m | KWD 300.6m |
| Shareholders' equity | KWD 578.8m | KWD 562.5m | KWD 562.6m | KWD 550.9m | KWD 528.5m | KWD 522.4m | KWD 526.2m | KWD 498.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.7% | 5.9% | 3.4% |
| Net income | -9.2% | 4.9% | 7.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.9% | 21.3% | 19.9% | 20.2% |
| Operating margin | -4.5% | 8.5% | 9.2% | 14.2% |
| Net margin | 25.7% | 32.5% | 22.1% | 17.7% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.0 | 17.6 | 20.8 | 4.9 | -4.5 | 6.9 | 10.1 | 7.8 | -6.4 | 6.3 |
| Price to sales | 3.3 | 2.9 | 3.5 | 3.5 | 2.1 | 2.4 | 1.6 | 1.7 | 1.4 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 21 May 2026.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.005 | 0.004 | 0.01 | 0.007 | 0.008 | 0.006 | 0.006 |
- 105-for-100 split · 22 May 2025
- 105-for-100 split · 30 May 2024
- 105-for-100 split · 29 May 2023
- 108-for-100 split · 23 Jun 2022
- 105-for-100 split · 8 Jun 2021
- 105-for-100 split · 27 May 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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