NSE: NILE · BSE: 530129
NILE LTD.
Operates in the industrial minerals segment of metals and mining, with an FY26 consolidated EBITDA margin of 7.85%. Standalone revenue reached Rs 1,029.77 crore in FY26 versus Rs 919.30 crore in FY25, with profit before tax of Rs 80.11 crore and standalone net profit of Rs 59.73 crore. The cost structure is dominated by materials at 77% of revenue, with employee cost at 1.9%, other operating expenses at 13.5%, depreciation at 0.4% and capex at 1.6%, pointing to a trading or light-processing profile rather than heavy manufacturing. The company has a UAE-based foreign subsidiary, Nile Overseas Enterprise FZE, which reported a net loss of Rs 263 lakhs over the nine months of FY26, and has extended a loan of approximately Rs 25.97 crore to related party Nile Li-Cycle Private Limited, indicating exposure to lithium recycling. Windmill operations were suspended in February 2026 after the power purchase agreement with the Transmission Corporation of Andhra Pradesh expired. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Industrial minerals, Wind power, Foreign operations. Materials-heavy industrial minerals trading/processing with low asset intensity
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 702 | 806 | 838 | 920 | 1,041 |
| EBITDA (ex other income) | 40 | 36 | 46 | 56 | 78 |
| margin % | 5.6 | 4.4 | 5.5 | 6.1 | 7.5 |
| Owners' profit | 24 | 23 | 31 | 36 | 55 |
| EPS, as reported (₹) | 79.24 | 75.41 | 103.71 | 119.78 | 183.67 |
| ROE % · ROCE % | 13.4 · 18.9 | 11.3 · 15.8 | 13.6 · 17.8 | 13.7 · 18.8 | 17.4 · 23.6 |
| Debt / equity (x) | 0.27 | 0.08 | 0.05 | 0.08 | 0.04 |
| Cash from operations | 20 | 51 | 25 | (1) | 83 |
| Capex | (13) | (5) | (19) | (14) | (17) |
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 | 245 | 252 | 233 | 190 | 245 | 274 | 291 | 230 |
| Profit before tax | 11 | 11 | 14 | 13 | 21 | 16 | 20 | 18 |
| Net profit | 8 | 8 | 10 | 10 | 15 | 12 | 15 | 14 |
| EPS (₹) | 27.01 | 27.89 | 33.83 | 31.04 | 47.96 | 39.66 | 48.82 | 45.57 |
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. % |
|---|---|---|---|---|---|---|---|---|
| LLOYDS METALS N ENERGY L | 99,915 | 20.1 | 7.00 | 18.7 | 26.8 | 17.7 | 132.2 | 39.6 |
| NMDC LTD. | 59,345 | 8.0 | 1.74 | 6.0 | 21.9 | 28.0 | 15.8 | 41.4 |
| GUJARAT MINERAL DEV CORP | 13,873 | 14.5 | 1.96 | 10.1 | 13.5 | 15.5 | 14.7 | 29.5 |
| GRAVITA INDIA LIMITED | 9,889 | 24.9 | 4.02 | 20.6 | 15.4 | 17.2 | 24.8 | 10.7 |
| MOIL LIMITED | 4,475 | 70.5 | 1.65 | 10.0 | 0.3 | 0.4 | — | 35.6 |
| ASHAPURA MINECHEM LTD | 4,090 | 10.1 | 2.49 | 7.8 | 25.3 | 15.0 | 35.5 | 11.7 |
| ORISSA MIN DEV CO LTD | 1,926 | — | — | — | (0.7) | 0.5 | — | 52.8 |
| 20 MICRONS LTD | 559 | 8.3 | 1.15 | 4.9 | 13.7 | 16.9 | 14.6 | 13.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.4 | 14.5 | 1 of 9 | 100% |
| P/B | 1.3 | 1.7 | 4 of 13 | 75% |
| ROCE | 23.0 | 8.4 | 2 of 14 | 92% |
| ROE | 17.4 | 13.5 | 4 of 13 | 75% |
| Debt / Equity | 0.0 | 0.3 | 2 of 13 | 92% |
| EBITDA margin | 8.7 | 13.8 | 10 of 13 | 25% |
| Revenue growth | 20.9 | 19.2 | 6 of 13 | 58% |
| Profit growth | 40.9 | 9.8 | 5 of 14 | 69% |
| Market cap | 406 | 1243 | 9 of 14 | 39% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 19 Oct 2026 · Newspaper ad submitted for physical shares demat special window | compliance | minimal | — | — |
| 5 Oct 2026 · RTA compliance certificate under SEBI Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · NILE Limited: Scrutiniser report on 42nd AGM resolutions passed | board shareholder meetings | low | — | — |
| 1 Oct 2026 · Nil report on physical share transfer requests for September 2026 | compliance | minimal | — | — |
| 30 Sept 2026 · Nile Limited appoints new statutory auditor for 5-year term | management changes | medium | — | — |
| 30 Sept 2026 · Nile Limited 42nd AGM proceedings held on 30 Sep 2026 | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 for Q2 and H1 FY26 results | compliance | minimal | — | — |
| 5 Sept 2026 · Newspaper publication of AGM Notice submitted to BSE | compliance | minimal | — | — |
| 4 Sept 2026 · 42nd AGM notice and FY26 annual report enclosed | results | high | — | — |
| 4 Sept 2026 · Nile Limited 42nd AGM on Sep 30, 2026; MD Reappointment, Auditor Change on Agenda | board shareholder meetings | 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.