BSE: 512245
NIVI TRADING LTD.
Operates as a small, listed investment entity with no reportable business segments and historically no revenue from operations. Income is earned from dividends on securities, gains on mutual fund holdings, and interest on fixed deposits and other investments. In FY26, total income rose to Rs 18.41 lakhs from Rs 8.16 lakhs in FY25, partly because the company recorded its first-ever revenue from operations of Rs 10.53 lakhs. Total expenses climbed to Rs 18.70 lakhs, dominated by employee benefits and legal costs, and the company posted a marginal net loss of Rs 0.22 lakhs for the year. Cash and cash equivalents stood at Rs 111.93 lakhs at year-end, boosted by Rs 109 lakhs from maturing fixed deposits, against total assets of about Rs 1.67 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Investment income, Revenue from operations. Small investment/shell entity with no operating business segments
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | — | — | — | — | (77.5) |
| Owners' profit | (0) | (0) | (0) | (0) | (0) |
| EPS, as reported (₹) | (0.05) | (1.20) | (0.08) | 0.01 | (0.02) |
| ROE % · ROCE % | (0.4) · (0.4) | (9.5) · (10.9) | (0.5) · 0.3 | (0.1) · 0.0 | (0.1) · (0.2) |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | (0) | (0) | (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 | (0) | (0) | 0 | 0 | (0) |
| EPS (₹) | (0.29) | 0.27 | 0.11 | (0.09) | (0.23) | 0.14 | 0.10 | (0.02) |
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 | (0.2) | 3.4 | 80 of 103 | 23% |
| ROE | (0.1) | 2.9 | 85 of 113 | 25% |
| Debt / Equity | 0.0 | 0.1 | 1 of 91 | 77% |
| EBITDA margin | (3.4) | 25.4 | 77 of 92 | 17% |
| Profit growth | 75.2 | 5.2 | 35 of 110 | 69% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Routine quarterly demat certificate filing under SEBI Reg 74(5) | compliance | minimal | — | — |
| 29 Sept 2026 · Nivi Trading 41st AGM: All 3 Resolutions Passed Unanimously | board shareholder meetings | medium | — | — |
| 29 Sept 2026 · Summary of proceedings of 41st Annual General Meeting of the Company held on Tuesday, September 29. 2026 | board shareholder meetings | medium | — | — |
| 25 Sept 2026 · Trading Window Closed Ahead of Q2 FY26 Results | compliance | minimal | — | — |
| 8 Sept 2026 · Notice of 41st AGM and remote e-voting information | compliance | minimal | — | — |
| 7 Sept 2026 · 41st AGM notice and Annual Report for FY 2025-26 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Notice of 41st AGM on 29 Sept 2026 and Annual Report for FY 2025-26 | board shareholder meetings | medium | — | — |
| 12 Aug 2026 · Nivi Trading publishes Q1 FY27 unaudited results in newspapers | compliance | minimal | — | — |
| 11 Aug 2026 · Nivi Trading Q1 FY27 net loss widens to Rs 6.23 lakh on lower income | results | high | — | — |
| 11 Aug 2026 · Nivi Trading Q1 FY27 net loss widens to Rs 6.23 lakh vs Rs 2.83 lakh YoY | results | high | — | — |
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.