BSE: 531083
NIHAR INFO GLOBAL LTD.
Operates an e-commerce trading business that sells third-party branded Home & Kitchen products (Brother, Borosil, Panasonic, Bergner) and Consumer Electronics (Samsung) through Amazon and Flipkart marketplaces in India. As of late 2025 the warehousing footprint expanded from 2 warehouses to over 20 Amazon and Flipkart fulfillment centres, with GST registrations in Telangana, Maharashtra, Tamil Nadu, Karnataka, and Uttar Pradesh to support Amazon's Inter-State Xpress Delivery (IXD) programme. The Board also approved launching an integrated digital gold and silver e-commerce platform called goldnsilver.shop, in partnership with Augmont, SafeGold, and MMTC-PAMP. For FY26, total revenue stood at ₹21.67 crore against a net profit of ₹0.69 crore and an EBITDA margin of 4.13%. Despite its classification as an IT – Software / Software Products company, the Software Services segment reported zero revenue across recent quarters, while the Trading Activity segment recorded ₹2.92 crore and an E-Commerce segment ₹0.30 crore of segment revenue for the FY26 year-to-date period. The company is divesting two non-core subsidiaries, Life 108 Healthcare and Beastbells Media, to focus on the e-commerce trading platform. Materials cost is the dominant input at 63.9% of revenue, while employee cost is just 0.7% and capex is 0.0% of revenue, indicating a low-fixed-cost, goods-trading model. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading Activity, E-Commerce, Software Services, Other Unallocated. Goods-trading e-commerce with very thin margins, low employee cost, and negligible capex.
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 3 | 8 | 22 |
| EBITDA (ex other income) | (4) | (3) | 1 |
| margin % | (111.1) | (43.4) | 4.0 |
| Owners' profit | 0 | 4 | 1 |
| EPS, as reported (₹) | (3.63) | 3.46 | 0.66 |
| ROE % · ROCE % | (39.1) · (35.9) | (58.8) · (51.2) | 10.1 · 11.8 |
| Debt / equity (x) | 0.15 | 0.37 | 0.36 |
| Cash from operations | (0) | (0) | (2) |
| Capex | (0) | (0) | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 2 | 4 | 3 | 6 | 9 | 4 |
| Profit before tax | 0 | (0) | 0 | (3) | 0 | 1 | 0 | 0 |
| Net profit | 0 | (0) | 0 | (3) | 0 | 1 | 0 | 0 |
| EPS (₹) | 0.04 | (0.28) | 0.08 | (3.54) | 0.06 | 1.21 | 0.29 | 0.03 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| E-Commerce | 2 | 8.2 |
| Trading Activity | 20 | 91.8 |
| Total, before eliminations | 22 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ORACLE FIN SERV SOFT LTD. | 86,374 | 25.3 | 11.04 | 22.6 | 33.7 | 43.2 | 9.0 | 62.5 |
| TANLA PLATFORMS LIMITED | 7,716 | 14.4 | 3.10 | 9.2 | 20.5 | 25.0 | 13.5 | 17.6 |
| CAPILLARY TECHNO INDIA L | 4,593 | 108.7 | 4.49 | 35.0 | 5.1 | 4.9 | — | 4.9 |
| C.E. INFO SYSTEMS LIMITED | 4,544 | 33.0 | 5.02 | 19.7 | 14.8 | 21.3 | — | 54.2 |
| TECHNVISION VENTURES LTD. | 2,337 | 10640.6 | 155.78 | 311.9 | 1.4 | 5.5 | 25.5 | (3.0) |
| Mobavenue AI Tech Limited | 2,048 | 16.2 | 22.62 | 42.8 | 32.4 | 30.8 | — | 21.8 |
| RAMCO SYSTEMS LTD. | 1,900 | 45.5 | 5.37 | 12.3 | 11.9 | 11.0 | 2.3 | 16.0 |
| NUCLEUS SOFTWARE EXPORTS | 1,770 | 16.8 | 1.95 | 10.1 | 12.9 | 15.2 | 11.3 | 16.9 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 3.1 | 18.3 | 4 of 32 | 90% |
| P/B | 0.8 | 1.5 | 10 of 38 | 76% |
| ROCE | 9.7 | 4.8 | 13 of 40 | 69% |
| ROE | 10.1 | 3.5 | 10 of 38 | 76% |
| Debt / Equity | 0.4 | 0.0 | 33 of 38 | 14% |
| EBITDA margin | 1.9 | 17.2 | 30 of 35 | 15% |
| Revenue growth | (10.7) | 9.7 | 26 of 33 | 22% |
| Profit growth | 100.8 | (12.0) | 9 of 41 | 80% |
| Market cap | 5 | 41 | 38 of 44 | 14% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Routine quarterly RTA certificate for dematerialisation compliance under SEBI Reg 74(5) | compliance | minimal | — | — |
| 5 Oct 2026 · AGM approves director re-appointment, new independent director, secretarial auditor | management changes | medium | — | — |
| 5 Oct 2026 · AGM results: 10 resolutions passed, including subsidiary divestment and share warrants | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 32nd AGM: preferential issue, subsidiary divestment resolutions transacted | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Chairman highlights FY26 turnaround with revenue up 211% YoY and return to profits | investor communications | medium | — | — |
| 25 Sept 2026 · Expansion of digital outreach for GoldnSilver.shop and weekly knowledge series | business updates | low | — | — |
| 24 Sept 2026 · DigiLocker API Approval Received for GoldnSilver.shop Integration | business updates | low | — | — |
| 23 Sept 2026 · Corrigendum to 32nd AGM notice; revised details on preferential share and warrant issue | board shareholder meetings | low | — | — |
| 19 Sept 2026 · Trading window closed from 1 Oct for Q2 results | compliance | minimal | — | — |
| 15 Sept 2026 · Nihar Info Global files trademark application for goldnsilver.shop brand | business updates | low | — | — |
How to read this document
| 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 |
| 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 |
Sources, method and disclosures
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.