Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹76 Cr.
Stock P/E
4.1
P/B
0.4
Current Price
₹38.6
Book Value
₹ 102.4
Face Value
10
52W High
₹102
52W Low
₹ 36.2
Dividend Yield
0%

Nis Management Overview

Business

Nis Management Ltd. is an Indian company operating in the Professional Services sector. Its core business revolves around providing a comprehensive suite of Human Resources (HR) related services. This typically includes manpower recruitment and staffing solutions, facility management services, payroll processing, security services, and other allied HR services. The company's business model is centered on offering outsourced services to corporate clients, government entities, and other organizations, helping them manage their workforce needs efficiently. It generates revenue through service fees charged to clients, often based on the number of personnel deployed, the scope of services provided, or a percentage of the payroll managed.

Revenue Mix

Nis Management Ltd. primarily operates within the integrated professional services domain, focusing heavily on HR and manpower solutions. While specific revenue breakdowns by segment (e.g., recruitment vs. security vs. payroll) are not always granularly disclosed by smaller public companies, its main revenue streams would generally originate from:

Manpower Services: Recruitment, staffing, and contract labor deployment.

Security Services: Providing trained security personnel for various establishments.

Payroll Processing: Managing payroll functions for client companies.

Facility Management: Integrated services for maintaining client premises.

Given its nature, these services often complement each other, offering clients a single point of contact for multiple operational needs.

Industry

The Indian Professional Services industry, particularly in the HR and facility management space, is characterized by high fragmentation, with a mix of large organized players, regional specialists, and numerous unorganized local providers. Demand for outsourced services is growing due to increasing formalization of the economy, focus on core competencies by businesses, and regulatory complexities. Nis Management Ltd. operates as a mid-tier player in this competitive landscape. Its positioning likely relies on its ability to offer tailored solutions, maintain strong client relationships, and deliver services cost-effectively, competing against both larger national players with broader networks and smaller local firms with niche expertise.

MOAT

Nis Management Ltd. operates in a sector where strong, durable moats are challenging to establish. Potential competitive advantages, if present, could include:

Client Relationships & Trust: Long-standing relationships with key clients, built on reliable service delivery, can create a degree of switching cost.

Operational Efficiency: The ability to effectively manage a large workforce, ensure compliance, and deliver services at competitive prices.

Geographic Reach/Local Expertise: Specific knowledge of local labor markets and regulatory environments in its operational areas.

Moderate Switching Costs: For services like payroll or integrated facility management, changing providers can involve significant administrative effort, data migration, and potential disruption, thus offering some stickiness.

However, the barrier to entry for many basic professional services is relatively low, leading to intense price-based competition.

Growth Drivers

Growing Indian Economy: Expansion in various sectors of the Indian economy drives demand for workforce solutions, security, and facility management services.

Formalization of Workforce: Increasing regulatory compliance requirements and the shift from unorganized to organized labor creates opportunities for professional service providers.

Outsourcing Trend: Companies increasingly outsource non-core functions to focus on their primary business, boosting demand for HR, payroll, and facility management services.

Urbanization and Infrastructure Development: Growth in urban centers and new infrastructure projects require security, maintenance, and staffing solutions.

Expansion of Service Offerings/Geographic Presence: The ability to add new services or expand into new regions can drive market share and revenue growth.

Risks

Intense Competition & Price Pressure: The highly fragmented nature of the industry leads to significant competition, potentially impacting pricing power and profit margins.

Economic Downturns: A slowdown in economic activity can lead to reduced hiring, project delays, and decreased demand for outsourced services.

Regulatory Changes: Changes in labor laws, minimum wage regulations, or other compliance requirements can increase operational costs or necessitate significant adjustments.

Client Concentration: Reliance on a few large clients could pose a risk if those contracts are not renewed or are terminated.

Manpower Management: Challenges in attracting, retaining, and training a large pool of skilled and unskilled personnel, as well as managing attrition rates.

Operational Risks: Risks associated with service quality, personnel deployment, and compliance failures can damage reputation and client relationships.

Management & Ownership

Nis Management Ltd. is typically promoted by a founding family or a group of entrepreneurs. Ownership structure usually involves the promoters holding a significant stake, alongside public shareholders. Management quality would generally be assessed by their experience in the professional services sector, track record of growth and profitability, corporate governance practices, and ability to navigate a competitive and regulated environment. Specific details on promoter background and management tenure would require reviewing public filings and annual reports.

Outlook

Nis Management Ltd. operates in a growing but highly competitive segment of the Indian economy. The increasing formalization of businesses and the trend towards outsourcing non-core functions present a tailwind for demand for services like manpower, security, and payroll management. However, the company faces stiff competition from both larger, established players and smaller regional firms, which can exert pressure on margins. Its ability to grow hinges on its efficiency in service delivery, maintaining strong client relationships, effective workforce management, and adapting to evolving regulatory landscapes. While the underlying market demand is robust, execution capabilities and cost management will be critical for sustained profitability and market share expansion.

Nis Management Share Price

Live · BSE · Inception: 2006
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Nis Management Quarterly Results

#(Fig in Cr.) Dec 2024 Mar 2025 Jun 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 100 103 99 103 117 114
Other Income 0 1 0 1 1 1
Total Income 101 104 100 104 118 115
Total Expenditure 94 95 93 98 107 106
Operating Profit 6 9 7 6 11 9
Interest 3 2 2 2 3 2
Depreciation 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 -28 0
Profit Before Tax 3 6 4 3 -20 7
Provision for Tax -1 -0 -0 0 -6 0
Profit After Tax 4 6 5 3 -14 6
Adjustments 0 0 0 -0 -0 -0
Profit After Adjustments 4 6 5 3 -14 6
Adjusted Earnings Per Share 2.4 4 3.1 1.4 -7.1 3.2

Nis Management Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 291 311 263 294 341 378 402 433
Other Income 1 1 1 1 1 2 3 3
Total Income 292 312 264 295 342 380 405 437
Total Expenditure 265 281 242 268 312 346 375 404
Operating Profit 27 31 22 27 30 34 30 33
Interest 6 8 7 7 8 10 9 9
Depreciation 3 3 3 2 2 2 2 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 -28
Profit Before Tax 18 20 12 18 20 22 19 -6
Provision for Tax 6 6 4 5 4 4 0 -6
Profit After Tax 12 14 8 13 16 18 19 0
Adjustments 0 0 0 -0 -0 -0 -0 0
Profit After Adjustments 12 14 8 13 16 18 19 0
Adjusted Earnings Per Share 8.3 9.9 5.7 9.1 11.1 12.6 12.3 0.6

Nis Management Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 63 77 85 99 115 134 152
Minority's Interest -0 -0 -0 -0 -0 -0 -0
Borrowings 17 16 15 25 23 15 8
Other Non-Current Liabilities -0 -0 -1 -0 -0 -0 -0
Total Current Liabilities 107 99 84 91 88 99 95
Total Liabilities 187 192 184 213 225 247 255
Fixed Assets 20 21 18 19 21 20 24
Other Non-Current Assets 2 2 2 11 11 11 12
Total Current Assets 165 169 163 183 193 216 219
Total Assets 187 192 184 213 225 247 255

Nis Management Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 17 40 31 18 23 23 32
Cash Flow from Operating Activities 23 -1 3 -3 11 12 15
Cash Flow from Investing Activities -9 -3 -1 -2 -3 1 -6
Cash Flow from Financing Activities 9 -5 -9 9 -8 -5 -16
Net Cash Inflow / Outflow 23 -9 -7 5 1 8 -7
Closing Cash & Cash Equivalent 40 31 24 23 23 32 25

Nis Management Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 8.33 9.86 5.7 9.1 11.09 12.63 12.33
CEPS(Rs) 10.1 11.97 7.56 10.54 12.35 13.69 13.86
DPS(Rs) 0 0 0 0 0 0 0
Book NAV/Share(Rs) 43.19 53.05 58.71 67.82 78.9 91.53 100.59
Core EBITDA Margin(%) 9.09 9.62 8.04 8.89 8.44 8.35 6.65
EBIT Margin(%) 8.43 9 7.46 8.55 8.28 8.49 6.86
Pre Tax Margin(%) 6.3 6.54 4.66 6.15 5.81 5.89 4.67
PAT Margin (%) 4.16 4.62 3.12 4.5 4.74 4.87 4.64
Cash Profit Margin (%) 5.05 5.61 4.19 5.22 5.28 5.27 5.22
ROA(%) 6.48 7.57 4.36 6.67 7.36 7.79 7.45
ROE(%) 19.29 20.49 10.08 14.39 15.12 14.83 13.08
ROCE(%) 18.14 19.61 12.8 14.72 14.55 15.04 11.98
Receivable days 107.08 107.81 131.34 122.72 115.82 111.53 112.32
Inventory Days 4.23 3.56 4.16 4.18 2.32 0.79 1.13
Payable days 145.2 122.87 276.23 147.09 90.58 131.95 249.8
PER(x) 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0
EV/Net Sales(x) 0.14 0.16 0.21 0.24 0.21 0.18 0.18
EV/Core EBITDA(x) 1.48 1.58 2.43 2.62 2.37 1.99 2.48
Net Sales Growth(%) 0 6.61 -15.46 11.99 15.8 10.96 6.4
EBIT Growth(%) 0 13.91 -29.93 28.36 12.08 13.77 -14.01
PAT Growth(%) 0 18.39 -42.89 61.65 21.82 13.93 1.56
EPS Growth(%) 0 18.36 -42.23 59.73 21.81 13.87 -2.34
Debt/Equity(x) 1.15 0.94 0.83 0.88 0.76 0.68 0.55
Current Ratio(x) 1.54 1.7 1.94 2.02 2.2 2.18 2.3
Quick Ratio(x) 1.51 1.68 1.9 1.98 2.19 2.17 2.28
Interest Cover(x) 3.96 3.65 2.66 3.56 3.36 3.26 3.14
Total Debt/Mcap(x) 0 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +6% +11% +5% —
Operating Profit CAGR -12% +4% -1% —
PAT CAGR +6% +13% +6% —
Share Price CAGR -62% — — —
ROE Average +13% +14% +14% +15%
ROCE Average +12% +14% +14% +15%

Nis Management Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 69.63 %
FII 3.1 %
DII (MF + Insurance) 3.28 %
Public (retail) 23.99 %
# Jun 2025 Aug 2025 Sep 2025 Mar 2026
Promoter 69.6369.6369.6369.63
FII 8.128.127.213.1
DII 6.186.183.443.28
Public 16.0716.0719.7223.99
Others 0000
Total 100100100100

Nis Management Peer Comparison

Professional Services Edit Columns

Nis Management Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Nis Management Pros & Cons

Pros

  • Stock is trading at 0.4 times its book value
  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Company has a low return on equity of 14% over the last 3 years.
  • Debtor days have increased from 131.95 to 249.8days.
  • The company has delivered a poor profit growth of 6% over past five years.
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