NSE: NIMBSPROJ · BSE: 511714
NIMBUS PROJECTS LIMITED
Develops and sells residential real estate, primarily in the National Capital Region across Noida, Greater Noida and YEIDA, and is expanding into Uttar Pradesh cities including Mathura, Meerut, Vrindavan and Hapur. Revenue is earned by booking and selling residential units in joint-venture development projects such as The Hyde Park Noida, The Express Park View and The Palm Village, which together with newly incorporated subsidiaries are being reorganised from partnership firms into private limited companies. In Q1 FY27, the company reported pre-sales booking value of Rs 157.36 crore, up 134.31% from Rs 67.16 crore a year earlier, and customer collections of Rs 75.91 crore, up 49.75% from Rs 50.69 crore. The company has signed an MoU for a 25-acre integrated residential township at Neemgaon, Mathura, on a 50:50 revenue-sharing arrangement with landowners, paying Rs 20 crore upfront and Rs 10 crore as refundable security on execution of the joint development agreement. Construction and development materials are the dominant cost, accounting for 80.9% of FY26 revenue, while employee costs are 3.6% and other operating expenses 53.2% of revenue. Project funding is raised through term loans from ICICI Bank at 10.10% per annum, secured against about 52,493 square metres of land at Greater Noida, unsold units, future receivables and escrow accounts. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Residential real estate development and sales, Commercial real estate development, sale and leasing. Asset-heavy residential real estate developer, currently loss-making at the FY26 EBITDA level
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 4 | 2 | 6 | 178 | 229 |
| EBITDA (ex other income) | (3) | (1) | (3) | (41) | (72) |
| margin % | (72.5) | (54.7) | (57.2) | (23.2) | (31.5) |
| Owners' profit | 0 | 0 | 0 | 0 | (68) |
| EPS, as reported (₹) | 13.87 | 20.38 | 0.01 | 58.75 | (45.55) |
| ROE % · ROCE % | (37.7) · 20.8 | (140.5) · 27.9 | (152.3) · 24.4 | 18.9 · 1.7 | (27.6) · (11.1) |
| Debt / equity (x) | (0.17) | (0.23) | (0.44) | 0.55 | 0.85 |
| Cash from operations | 2 | 3 | 43 | (121) | (23) |
| Capex | 0 | (0) | (0) | (4) | (6) |
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 | 1 | 1 | 1 | 4 | 4 | 2 | 218 | 3 |
| Profit before tax | 27 | (12) | (130) | (21) | 25 | (44) | (36) | (5) |
| Net profit | 23 | (12) | (114) | (36) | 20 | (41) | (31) | 3 |
| EPS (₹) | 21.37 | (10.97) | 104.74 | (32.82) | 18.43 | (21.34) | (16.13) | 1.69 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Nimbus Projects to invest Rs 15 cr in Delhi real estate project | strategic transactions | high | — | — |
| 7 Oct 2026 · Nimbus Projects to take Rs 30 crore unsecured loan from associate World Resorts | credit debt | medium | — | — |
| 30 Sept 2026 · Nimbus Projects appoints ex-IAS officer Anand Kumar as Non-Executive Director | management changes | medium | — | — |
| 30 Sept 2026 · Nimbus Projects regularises Independent Woman Director at AGM | management changes | medium | — | — |
| 30 Sept 2026 · Nimbus Projects appoints Doogar and Associates as statutory auditor for 5 years | management changes | medium | — | — |
| 30 Sept 2026 · Nimbus Projects re-appoints Rajeev Kumar Asopa as Director | management changes | medium | — | — |
| 30 Sept 2026 · All 9 resolutions passed at Nimbus Projects 33rd AGM with over 99.99% approval | compliance | low | — | — |
| 29 Sept 2026 · Nimbus Projects 33rd AGM held; 9 resolutions tabled including RPTs and new directors | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Chairman outlines FY26 results, Vrindavan JDA, Tier-2 expansion | investor communications | medium | — | — |
| 25 Sept 2026 · Trading Window closed from Oct 1, 2026 pending Q2 results | 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.