NSE: NILAINFRA · BSE: 530377
NILA INFRASTRUCTURES LTD
Develops residential, commercial and industrial real estate projects, including industrial parks, residential developments and terminal infrastructure, primarily through group entities and related-party arrangements. FY26 standalone total income was Rs 32,270.66 lakh, up 30.7% from Rs 24,688.10 lakh in FY25, with standalone net profit after tax of Rs 2,699.11 lakh, up 25.3%, while consolidated PAT was Rs 2,328.82 lakh. In Q1 FY27 (quarter to June 30, 2026), standalone revenue from operations fell to Rs 7,420 lakh from Rs 9,260 lakh a year earlier, down about 20%, though consolidated PAT rose to Rs 844 lakh from Rs 671 lakh. Materials account for 75.8% of revenue, with employees at 1.8% and other operating expenses at 2.7%. The company is contesting a Rs 2.03 crore GST demand arising from an appellate order dated June 18, 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Industrial parks development, Residential development, Terminal infrastructure, Real estate development. Asset-heavy, capital-intensive real estate and infrastructure developer
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 83 | 115 | 185 | 247 | 323 |
| EBITDA (ex other income) | 7 | 3 | 11 | 22 | 32 |
| margin % | 8.6 | 2.2 | 6.1 | 9.0 | 10.0 |
| Owners' profit | 0 | 0 | 0 | 20 | 0 |
| EPS, as reported (₹) | (0.05) | (0.01) | 0.29 | 0.52 | 0.59 |
| ROE % · ROCE % | (1.5) · 7.1 | (0.3) · 8.1 | 7.8 · 13.1 | 12.5 · 17.9 | 12.4 · 20.3 |
| Debt / equity (x) | 0.81 | 0.50 | 0.24 | 0.16 | 0.13 |
| Cash from operations | 64 | 58 | 65 | 60 | (26) |
| Capex | (0) | (0) | (1) | (3) | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 40 | 52 | 113 | 93 | 74 | 75 | 81 | 74 |
| Profit before tax | 8 | 8 | 10 | 11 | 11 | 9 | 10 | 10 |
| Net profit | 5 | 5 | 5 | 7 | 6 | 5 | 6 | 8 |
| EPS (₹) | 0.13 | 0.13 | 0.14 | 0.17 | 0.15 | 0.12 | 0.15 | 0.21 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,64,917 | 37.1 | 3.63 | 49.7 | 9.7 | 6.0 | 8.6 | 37.1 |
| LODHA DEVELOPERS LIMITED | 1,01,079 | 24.5 | 4.31 | 20.2 | 14.6 | 15.7 | 25.1 | 40.5 |
| THE PHOENIX MILLS LTD | 67,952 | 53.1 | 4.75 | 26.3 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 59,932 | 52.6 | 3.58 | 17.4 | 7.8 | 6.8 | 11.8 | 38.1 |
| OBEROI REALTY LIMITED | 58,212 | 19.1 | 3.25 | 16.8 | 14.0 | 15.5 | 24.0 | 61.1 |
| GODREJ PROPERTIES LTD | 47,804 | 29.9 | 2.47 | 22.0 | 9.5 | 11.4 | 46.3 | 107.7 |
| BRIGADE ENTER. LTD | 17,613 | 20.5 | 2.34 | 13.7 | 9.6 | 6.8 | 23.9 | 41.9 |
| ANANT RAJ LIMITED | 16,622 | 28.0 | 2.86 | 22.6 | 9.6 | 10.2 | 58.7 | 32.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.0 | 20.5 | 12 of 57 | 80% |
| P/B | 1.3 | 1.9 | 24 of 64 | 64% |
| ROCE | 18.4 | 6.4 | 7 of 66 | 91% |
| ROE | 12.4 | 8.0 | 18 of 64 | 73% |
| Debt / Equity | 0.1 | 0.4 | 18 of 64 | 73% |
| EBITDA margin | 15.5 | 29.6 | 48 of 66 | 28% |
| Revenue growth | (19.9) | 12.8 | 57 of 67 | 15% |
| Profit growth | 25.7 | 7.5 | 25 of 66 | 63% |
| Market cap | 248 | 1781 | 49 of 67 | 27% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 24 Oct 2026 · Board to approve September 2026 quarterly and half-year results | results | low | — | — |
| 22 Oct 2026 · Newspaper Notice on SEBI Special Window for Physical Share Transfer | compliance | minimal | — | — |
| 14 Oct 2026 · Regulation 74(5) share dematerialisation certificate filed for Q2 2026 | compliance | minimal | — | — |
| 1 Oct 2026 · AMC slum rehab project at Gulbai Tekra expanded by 56 units and 2 shops | business updates | medium | — | — |
| 1 Oct 2026 · AMC amends slum rehabilitation work order; project value unchanged at INR 105 Cr | business updates | medium | — | — |
| 30 Sept 2026 · Group President Gajendra Sharma resigns from Nila Infrastructures | management changes | high | — | — |
| 26 Sept 2026 · KYC update reminder to physical shareholders | compliance | minimal | — | — |
| 24 Sept 2026 · Trading window closed from October 1 for Q2 FY27 results | compliance | minimal | — | — |
| 27 Aug 2026 · Nila Infrastructures loses INR 142.73 Cr redevelopment order from Gujarat Housing Board | business updates | high | — | — |
| 21 Aug 2026 · Notice on SEBI special window for re-lodging physical share transfers | compliance | minimal | — | — |
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.