BSE: 512004
NILKANTH ENGINEERING LTD.
Operates with no business of its own. Standalone filings show nil revenue from operations in recent quarters and for FY26, with total income of only ₹24.78 Lakhs made up entirely of 'other income', against which the standalone entity posted a net loss of ₹31.09 Lakhs. Standalone other equity is negative at ₹(506.21) Lakhs, indicating accumulated losses have eroded the standalone capital base. Consolidated profit, which was ₹204.80 Lakhs in FY26 (down from ₹358 Lakhs in FY25), comes entirely from the share of profit from three associate companies — Jatayu Textiles, Sushree Trading and Osiris Online — totalling ₹235.89 Lakhs in FY26. The company has issued no debt, interest or dividend-bearing instruments and qualifies for the SEBI LODR Regulation 15(2) exemption from corporate governance requirements, reflecting its small size (paid-up equity capital of ₹124.50 Lakhs and negative net worth). AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Other income (standalone), Share of profit from associates. Shell/holding-style entity with no operating business; consolidated earnings depend on share of profit from three associates.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | 2 | (4) | (0) | 4 | 2 |
| EPS, as reported (₹) | 12.79 | (30.75) | (2.38) | 28.75 | 16.45 |
| ROE % · ROCE % | 1.5 · (0.6) | (3.8) · (0.6) | (0.6) · (0.8) | 7.2 · (0.5) | 4.3 · (0.7) |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.31 |
| Cash from operations | (0) | (0) | (1) | (0) | (0) |
| Capex | 0 | 0 | (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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (0) |
| Net profit | 0 | 0 | 0 | 3 | 1 | 1 | 0 | 0 |
| EPS (₹) | 1.85 | 2.48 | 1.16 | 23.25 | 4.48 | 6.01 | 2.66 | 3.30 |
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. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 17,213 | 28.2 | 11.57 | 16.5 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,821 | 101.2 | 29.48 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,059 | 16.9 | 2.36 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,677 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,439 | 195.1 | 10.25 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,838 | 19.1 | 4.14 | 14.5 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,250 | 34.0 | 2.48 | 25.3 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,731 | — | 7.25 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | (0.7) | 3.4 | 82 of 103 | 21% |
| ROE | 4.3 | 2.9 | 49 of 113 | 57% |
| Debt / Equity | 0.3 | 0.1 | 63 of 91 | 31% |
| Profit growth | (85.8) | 5.2 | 92 of 110 | 17% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Board to review half-year and second-quarter results on November 3 | compliance | minimal | — | — |
| 23 Oct 2026 · Board meeting to approve September 2026 unaudited results | results | low | — | — |
| 9 Oct 2026 · Nilkanth Engineering exempt from related party disclosure filing | compliance | minimal | — | — |
| 9 Oct 2026 · Quarterly RTA confirmation certificate under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 6 Oct 2026 · Nilkanth Engineering confirms no debt or dividend payments in Q2 FY26 | compliance | minimal | — | — |
| 29 Sept 2026 · Trading Window Closure - Sept 28, 2026 | compliance | minimal | — | — |
| 25 Sept 2026 · Scrutinizer report for 43rd AGM: resolutions passed with 100% votes in favor | compliance | minimal | — | — |
| 25 Sept 2026 · Nilkanth Engineering 43rd AGM: All Resolutions Passed Unanimously | board shareholder meetings | medium | — | — |
| 25 Sept 2026 · Nilkanth Engineering 43rd AGM held on Sep 25, 2026; financials adopted, director re-appointed | board shareholder meetings | low | — | — |
| 23 Sept 2026 · No interest payment due next quarter as no debt instruments issued | 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.