Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹256 Cr.
Stock P/E
8.4
P/B
1.3
Current Price
₹6.5
Book Value
₹ 4.9
Face Value
1
52W High
₹10.5
52W Low
₹ 5.9
Dividend Yield
0%

Nila Infrastructures Overview

Business

Nila Infrastructures Ltd. is an Indian construction and real estate development company. Its core business involves undertaking various construction projects across residential, commercial, and affordable housing segments, primarily in the state of Gujarat. The company also engages in public infrastructure projects on an Engineering, Procurement, and Construction (EPC) or Public-Private Partnership (PPP) basis, often for government and semi-government bodies (e.g., BRTS projects, affordable housing schemes). Nila Infrastructures generates revenue through the sale of developed real estate properties (residential units, commercial spaces) and from fees/milestones for executing construction contracts.

Revenue Mix

The company broadly operates in two main segments:

Real Estate Development: Involves conceiving, developing, and selling residential and commercial properties.

Contracting (EPC/PPP): Undertaking construction work for government, semi-government, and private entities, including urban infrastructure projects and mass housing schemes.

While specific revenue percentages fluctuate based on ongoing projects and sales cycles, both segments contribute significantly to its overall revenue. The company primarily focuses on the Gujarat market.

Industry

Nila Infrastructures operates within the highly competitive and cyclical Indian construction and real estate industry. The sector is fragmented, with numerous local, regional, and national players. Nila Infrastructures is positioned as a regional player with a strong focus and established presence in Gujarat. It competes with other regional developers and contractors, often bidding for government contracts and catering to the local housing and commercial real estate demand. Its niche in affordable housing and urban infrastructure projects for public bodies helps differentiate it within its primary market.

MOAT

Nila Infrastructures does not possess a strong, wide economic moat in the traditional sense (e.g., dominant brand, proprietary technology). Its competitive advantages are primarily derived from:

Local Expertise & Relationships: Deep understanding of the Gujarat real estate market, regulatory environment, and established relationships with local authorities and suppliers.

Execution Capability: Demonstrated track record in executing a variety of projects, particularly in the affordable housing and urban infrastructure space for government clients.

Land Bank: An existing land bank in strategic locations within Gujarat, accumulated over time, which can provide a cost advantage for future developments.

Growth Drivers

Urbanization & Population Growth: Continued migration to urban centers in Gujarat drives demand for housing and commercial spaces.

Government Focus on Infrastructure: Increased government spending on urban infrastructure (roads, public transport, affordable housing schemes) provides a pipeline for EPC/PPP projects.

Industrial Growth in Gujarat: Gujarat's robust industrial development attracts businesses and talent, leading to higher demand for real estate.

Affordable Housing Demand: Growing demand for affordable and mid-segment housing, supported by government incentives and schemes.

Timely Project Completion: Ability to complete projects on time and within budget enhances reputation and secures future contracts/sales.

Risks

Real Estate Cyclicality: The industry is highly sensitive to economic cycles, interest rate changes, and consumer sentiment, leading to volatile demand and property prices.

Regulatory & Approval Risks: Delays in obtaining government approvals, changes in land use policies, and environmental regulations can impact project timelines and costs.

Funding & Liquidity Risks: High capital intensity requiring significant debt, making the company susceptible to rising interest rates and difficulty in securing financing.

Competition: Intense competition from both established players and new entrants can pressure margins and market share.

Project Execution Risks: Delays in construction, cost overruns, and availability of skilled labor and raw materials.

Dependence on Gujarat Market: High geographical concentration exposes the company to specific regional economic downturns or policy changes.

Management & Ownership

Nila Infrastructures Ltd. is a promoter-driven company. Rajendra Shivprasad Patel is a key figure and the Chairman & Managing Director, representing the promoter group that holds a significant stake in the company. The management team has experience in the real estate and construction sectors in Gujarat. The ownership structure reflects typical Indian promoter-led businesses, with the promoter group maintaining a controlling share, ensuring strategic continuity but also potential concentration of decision-making power. Institutional and public shareholdings make up the remainder.

Outlook

Nila Infrastructures benefits from its established presence and regional expertise in Gujarat, a state with strong economic growth and ongoing urbanization. The government's emphasis on affordable housing and infrastructure development provides a potential pipeline for both real estate development and contracting opportunities. However, the company operates in a highly capital-intensive and cyclical industry. Its performance is heavily reliant on the health of the real estate market, timely project execution, effective debt management, and the ability to navigate regulatory complexities. Future growth will depend on its capacity to secure new projects, manage project risks effectively, and adapt to evolving market conditions within its focused geographical region.

Nila Infrastructures Share Price

Live · BSE / NSE · Inception: 1990
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Nila Infrastructures Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 87 41 40 52 113 93 74 75 81 74
Other Income 4 4 4 4 4 4 4 4 4 4
Total Income 91 45 44 56 117 96 78 79 85 78
Total Expenditure 82 37 34 47 106 84 66 68 73 67
Operating Profit 10 8 9 9 11 13 12 10 12 12
Interest 2 1 1 1 1 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 7 7 8 8 10 11 11 9 10 10
Provision for Tax 2 2 2 2 3 3 3 2 3 3
Profit After Tax 5 5 6 6 7 8 8 7 8 8
Adjustments 0 0 -1 -1 -2 -2 -2 -2 -2 1
Profit After Adjustments 5 5 5 5 5 7 6 5 6 8
Adjusted Earnings Per Share 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.1 0.1 0.2

Nila Infrastructures Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 183 195 202 214 244 97 83 115 185 247 323 304
Other Income 12 6 5 6 12 10 11 12 15 15 15 16
Total Income 195 201 208 220 255 107 94 127 200 262 337 320
Total Expenditure 156 167 166 178 215 88 76 113 175 225 290 274
Operating Profit 39 34 41 42 40 19 18 15 25 37 47 46
Interest 15 9 11 13 17 16 15 11 8 4 4 4
Depreciation 1 2 2 2 2 2 2 1 1 1 2 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 23 23 29 28 21 1 2 2 16 32 41 40
Provision for Tax 9 8 9 8 5 0 1 1 4 8 11 11
Profit After Tax 14 15 20 20 17 1 1 1 11 24 30 31
Adjustments -0 0 0 0 -0 -1 -3 -2 -0 -3 -7 -5
Profit After Adjustments 14 15 20 20 16 -1 -2 -0 11 20 23 25
Adjusted Earnings Per Share 0.4 0.4 0.5 0.5 0.4 -0 -0 -0 0.3 0.5 0.6 0.6

Nila Infrastructures Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 166 59 103 118 136 135 133 133 144 164 187
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 135 58 61 89 100 116 88 21 26 23 21
Other Non-Current Liabilities 6 15 10 10 10 6 7 8 9 13 15
Total Current Liabilities 71 109 103 100 99 107 192 657 663 670 671
Total Liabilities 379 241 277 316 345 364 419 818 842 870 894
Fixed Assets 33 9 9 7 7 6 4 3 3 6 6
Other Non-Current Assets 59 104 90 90 111 126 163 162 157 148 147
Total Current Assets 287 127 178 219 227 232 252 653 683 716 741
Total Assets 379 241 277 316 345 364 419 818 842 870 894

Nila Infrastructures Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 2 1 3 1 1 1 13 0 2 0 23
Cash Flow from Operating Activities -11 34 3 -18 29 18 64 58 65 60 -26
Cash Flow from Investing Activities 8 -22 -12 17 -9 -16 -26 -3 -28 -25 10
Cash Flow from Financing Activities 2 -10 8 1 -19 10 -51 -54 -39 -12 -7
Net Cash Inflow / Outflow -1 2 -1 -1 -0 12 -13 1 -1 23 -23
Closing Cash & Cash Equivalent 1 3 1 1 1 13 0 2 0 23 0

Nila Infrastructures Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.38 0.38 0.51 0.51 0.42 -0.02 -0.05 -0.01 0.29 0.52 0.59
CEPS(Rs) 0.43 0.42 0.55 0.56 0.47 0.06 0.08 0.07 0.32 0.64 0.81
DPS(Rs) 0.11 0.11 0.11 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 4.4 1.47 2.62 3 3.44 3.43 3.38 3.37 3.65 4.17 4.76
Core EBITDA Margin(%) 14.93 14.21 17.68 16.78 11.71 9.28 8.56 2.25 5.27 8.97 10.02
EBIT Margin(%) 20.67 16.48 19.84 19.19 15.76 17.58 19.55 11.38 12.72 14.53 14.02
Pre Tax Margin(%) 12.74 11.91 14.35 13.11 8.82 0.97 2.12 1.65 8.54 12.99 12.68
PAT Margin (%) 7.91 7.64 9.89 9.36 6.87 0.57 1.45 1.05 6.18 9.66 9.4
Cash Profit Margin (%) 8.69 8.47 10.74 10.23 7.58 2.41 3.69 2.34 6.91 10.23 9.9
ROA(%) 3.97 4.8 7.73 6.75 5.06 0.15 0.31 0.19 1.38 2.78 3.44
ROE(%) 9.15 13.48 24.83 18.06 13.17 0.41 0.9 0.91 8.26 15.49 17.25
ROCE(%) 12.03 13.89 23.38 18.4 15.53 6.37 6.25 5.96 12.47 19.46 22.54
Receivable days 67.33 62.3 58.44 56.8 71.87 243.38 224.52 90.64 27.43 9.24 17.95
Inventory Days 288.85 190.01 111.91 122.96 96.3 180.25 238.9 204.64 208.49 186 115.66
Payable days 113.21 191.24 308.23 368.39 173.95 1100.42 -1590.08 792.94 197 143.79 223.02
PER(x) 33.04 43.78 38.42 15.88 5.99 0 0 0 36.51 17.29 10.1
Price/Book(x) 2.84 11.27 7.43 2.69 0.73 1.29 1.69 1.4 2.86 2.16 1.26
Dividend Yield(%) 0.88 0.66 0.56 0 0 0 0 0 0 0 0
EV/Net Sales(x) 3.38 3.71 4.27 2.02 0.87 3.1 3.98 2.15 2.38 1.44 0.8
EV/Core EBITDA(x) 15.76 21.54 20.94 10.33 5.27 15.97 18.29 16.98 17.71 9.5 5.52
Net Sales Growth(%) 47.2 6.3 3.91 5.7 13.92 -60.23 -13.97 38.13 60.45 33.7 30.71
EBIT Growth(%) 32.05 -15.26 25.7 2.25 -6.42 -55.65 -4.33 -19.56 79.3 52.73 26.07
PAT Growth(%) 21.07 2.63 35.89 0.09 -16.45 -96.72 120.65 -0.4 847.29 108.81 27.16
EPS Growth(%) 17.1 -0.16 34.28 0.1 -17.6 -103.94 -193.33 76.45 2606.14 82.15 13.6
Debt/Equity(x) 0.98 1.36 0.99 1.03 0.88 1.07 0.81 0.5 0.24 0.16 0.13
Current Ratio(x) 4.02 1.17 1.73 2.2 2.29 2.17 1.31 0.99 1.03 1.07 1.1
Quick Ratio(x) 2.02 0.62 1.11 1.4 1.8 1.73 0.99 0.89 0.81 0.91 0.96
Interest Cover(x) 2.61 3.6 3.62 3.16 2.27 1.06 1.12 1.17 3.04 9.44 10.45
Total Debt/Mcap(x) 0.34 0.12 0.13 0.38 1.2 0.83 0.48 0.36 0.08 0.07 0.1

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +31% +41% +27% +6%
Operating Profit CAGR +27% +46% +20% +2%
PAT CAGR +25% +211% +97% +8%
Share Price CAGR -36% 0% 0% -9%
ROE Average +17% +14% +9% +11%
ROCE Average +23% +18% +13% +14%

Nila Infrastructures Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 61.9 %
FII 0.28 %
DII (MF + Insurance) 0.03 %
Public (retail) 37.78 %
Others 0.01 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 61.961.961.961.961.961.961.961.961.961.9
FII 0.951.051.360.60.570.490.350.280.340.28
DII 0000000000.03
Public 37.1537.0536.7437.537.5337.6137.7537.8137.7637.78
Others 0000000000
Total 100100100100100100100100100100

Nila Infrastructures Peer Comparison

Construction - Real Estate Edit Columns

Nila Infrastructures Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Nila Infrastructures Pros & Cons

Pros

  • Company has delivered good profit growth of 97% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 14% over the last 3 years.
  • Debtor days have increased from 143.79 to 223.02days.
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