Operates primarily through subsidiaries rather than the namesake granite business, with the parent company's standalone revenue at just Rs 17.59 lakhs in FY26. The largest reported segment is unnamed in the filings and accounted for Rs 47.80 crore (100% of segment revenue), with other identified segments being Paper and Paperboard at Rs 11.91 crore in FY26 via the SPNP Paper and Pack subsidiary and Financial Technology and related services at Rs 4.68 crore via Paynov8, formerly Auro Fintech. Construction Materials and Garments segments are negligible. The group acquired Paynov8 Private Limited for Rs 60.57 lakhs during FY26 and sold its step-down subsidiary Fine Papyrus, a paper and packaging business, for Rs 3.24 crore. The largest cost line is materials at 24.4% of revenue, followed by other operating expenses at 18.5%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Unnamed segment (100%), Paper and Paperboard, Financial Technology and related services, Construction material, Garments. Small-cap holding company running diversified operating subsidiaries; standalone operations minimal
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 16 | 25 | 39 | 45 | 65 |
| EBITDA (ex other income) | 1 | 1 | 2 | 1 | 12 |
| margin % | 4.9 | 3.6 | 4.0 | 3.3 | 18.9 |
| Owners' profit | 0 | 0 | 0 | 2 | 8 |
| EPS, as reported (₹) | 4.06 | 4.15 | 3.90 | 2.39 | 9.60 |
| ROE % · ROCE % | 6.4 · 12.5 | 4.7 · 8.2 | 5.3 · 9.9 | 12.9 · 18.9 | 34.1 · 46.6 |
| Debt / equity (x) | 0.16 | 0.24 | 0.25 | 0.20 | 0.07 |
| Cash from operations | 0 | (2) | (1) | 2 | 6 |
| Capex | 0 | 0 | 0 | (3) | (5) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 13 | 10 | 20 | 13 | 16 | 17 | 16 |
| Profit before tax | 1 | 1 | (1) | 3 | 2 | 3 | 3 | 4 |
| Net profit | 1 | 1 | (1) | 2 | 1 | 2 | 2 | 3 |
| EPS (₹) | 2.74 | 1.17 | 1.09 | 2.80 | 5.60 | 2.75 | 2.42 | 3.62 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Construction material | 0 | 0.1 |
| Paper and Paperboard | 33 | 50.2 |
| Garments | 0 | 0.0 |
| Financial Technology and related services | 17 | 26.4 |
| construction material | 0 | 0.2 |
| paper and Paperboard | 15 | 23.1 |
| Total, before eliminations | 65 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 14 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 13 Aug 2026 · Q1 FY27 Results: Consolidated PAT up 29%, revenue dips 20% YoY | results | high | — | — |
| 13 Aug 2026 · Nidhi Granites Q1 FY27 Results: Consolidated PAT up 29 percent revenue down 20 percent | results | medium | — | — |
| 7 Aug 2026 · Board meeting on 13 Aug 2026 to approve Q1 FY27 results | results | low | — | — |
| 24 Jul 2026 · 44th AGM: All 7 resolutions passed with near 100% approval | board shareholder meetings | low | — | — |
| 22 Jul 2026 · 44th AGM held on 22 July 2026 via video conferencing | board shareholder meetings | low | — | — |
| 13 Jul 2026 · Reg 74(5) compliance certificate from registrar for Q1 FY27 | compliance | minimal | — | — |
| 3 Jul 2026 · Compliance certificate for securities dematerialisation for Q1 FY27 | compliance | minimal | — | — |
| 26 Jun 2026 · Nidhi Granites does not qualify as Large Corporate for FY26 | compliance | minimal | — | — |
| 26 Jun 2026 · Newspaper publication of 44th AGM notice for FY 2025-26 | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| MIDWEST ENERGY LIMITED | 4,601 | 551.6 | 11.55 | — | (3.5) | (2.3) | — | 19.4 |
| RAMCO INDUSTRIES LIMITED | 2,804 | 8.6 | 0.62 | 11.2 | 6.8 | 4.3 | 8.2 | 19.2 |
| BIRLANU LIMITED | 1,101 | — | 0.99 | 18.4 | (10.8) | (6.5) | 4.2 | 6.8 |
| ARISINFRA SOLUTIONS LTD | 1,025 | 14.7 | 1.37 | 8.8 | 8.0 | 10.2 | — | 12.0 |
| EVEREST INDUSTRIES LTD | 646 | — | 1.31 | — | (20.6) | (16.0) | 3.1 | 31.7 |
| MARBLE CITY INDIA LIMITED | 440 | 58.0 | 4.72 | 18.9 | 9.5 | 7.0 | — | 23.5 |
| SAHYADRI INDUSTRIES LTD | 429 | 9.6 | 1.06 | — | 7.1 | 9.4 | — | 16.1 |
| NIDHI GRANITES LTD. ◆ | 204 | 17.7 | 9.05 | 16.0 | 34.1 | 45.3 | — | 28.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.7 | 37.0 | 8 of 20 | 63% |
| P/B | 9.1 | 1.6 | 17 of 20 | 16% |
| ROCE | 45.3 | 2.8 | 1 of 22 | 100% |
| ROE | 34.1 | 2.8 | 2 of 21 | 95% |
| Debt / Equity | 0.1 | 0.1 | 10 of 21 | 55% |
| EBITDA margin | 28.6 | 16.7 | 2 of 16 | 93% |
| Revenue growth | (20.1) | 14.0 | 13 of 18 | 29% |
| Profit growth | 29.3 | 83.2 | 14 of 19 | 28% |
| Market cap | 204 | 49 | 8 of 22 | 67% |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
