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Earnings Call

NIS Management Earnings Call: Key Takeaways

NIS Management Ltd reported FY26 total income of ₹436.70 Cr with an adjusted PAT of ₹19.12 Cr. The company is pivoting towards higher-margin CCTV rentals and integrated facility management.

Why this was an Alfa AlertNot a filter event. Financial performance was steady and in line with scale-up but did not meet the 10% beat vs explicit prior guidance threshold.
Highlights
Revenue growth7.74% YoY for FY26 to ₹436.70 Cr.
MarginsImproving mix with CCTV rentals delivering 20-25% EBITDA margins.
Order bookRecent wins include ₹10.36 Cr Bihar Secretariat and Mumbai Police projects.
Demand visibilityStrong; underpinned by 3-5 year annuity-based contracts and 1,500+ sites.
Management confidenceHigh; citing steady demand and strong execution across geographies.

Growth

FY26 revenue grew 7.74% YoY; EBITDA increased 12.19% YoY to ₹33.53 Cr with 7.68% margins.

Outlook

Targeting EBITDA margin improvement via automation and expanding high-margin CCTV rental segments (20-25% margins).

Risks

One-time exceptional expense of ₹27.82 Cr due to New Labour Code transition; wage inflation pressures.

Last quarter's promises, checked

Delivered

  • Revenue growth 10-12% for FY26 → delivered 7.74% (PARTIAL)
  • EBITDA margin 7.5-7.7% → delivered 7.68% (= BEAT)
  • PAT margin 4.5-4.8% → delivered 4.38% (PARTIAL)

Partly delivered

  • CCTV revenue ₹21-22 Cr for FY26 → delivered ₹57.2 Cr (= BEAT/PARTIAL mix)

Missed

  • Debt reduction to 40% D/E ratio → delivered 0.42x (= MISS)
Source

Earnings Call filed with BSE, BSE: 544495. Summary written with AI assistance from the document.

Read the document ↗

NIS Management Ltd: key numbers

Share price
₹40.00
Market cap
₹79.20 Cr
Revenue (annual)
₹433.4 Cr
Net profit (annual)
₹-1.85 Cr
P/E (TTM)
-42.7×Sector 41.4×
Promoter holding
69.63%+0.00% QoQ
FII holding
3.10%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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