NIS Management Ltd (544495)

NIS Management Ltd's subsidiary, M/s. NIS Facility Management Services Private Limited, has secured a domestic work order worth Rs 6.24 crore from CRM Enterprise Business Private Limited. The contract entails the supply, installation, testing, and commissioning of ANPR and IP-based CCTV surveillance systems across 9 police districts and 1 commissionerate in West Bengal. It also includes supplying body-worn cameras and night-vision binoculars. The order value represents approximately 1.4% of NIS Management's TTM revenue of Rs 449 crore, with execution scheduled for completion by December 15, 2026.

• Total order value is Rs 6,24,49,223.78 inclusive of applicable taxes
• Contract awarded by domestic entity CRM Enterprise Business Private Limited
• Execution deadline is set for 15th December, 2026
• Scope covers 09 Police Districts and 01 Commissionerate under IGP (North Bengal Region)

NIS Management released its First AGM highlights, reporting order wins totaling ₹120.14 crore since its September 2025 listing, which equals ~26.8% of its TTM revenue of ₹449 crore. For FY26, total income stood at ₹436.70 crore with EBITDA of ₹33.53 crore and adjusted PAT of ₹19.12 crore, while debt-to-equity improved to 0.42x. The company targets crossing ₹500 crore in consolidated revenue for FY27. ICRA also revised the company's long-term rating outlook to BBB+ Positive from BBB+ Stable.

• Secured orders worth ₹120.14 crore since IPO listing, representing ~26.8% of TTM revenue
• Reported FY26 total income of ₹436.70 crore with an EBITDA margin of 7.68% and adjusted PAT of ₹19.12 crore
• Q1 FY27 revenue grew 15.68% YoY to ₹115.44 crore with PAT rising 35% to ₹6.40 crore
• Targets ₹500 crore in consolidated revenue for FY27 driven by contract ramp-ups across 14 states
• ICRA reaffirmed short-term rating at A2 and revised long-term outlook to BBB+ Positive

NIS Management Ltd has received an order in Form GST ASMT-12 from the GST Department regarding discrepancies previously observed for FY 2022-23. The tax authority found the company's clarifications submitted in Form GST ASMT-11 satisfactory, ordering that no further action is required. As a result, the proceedings have been formally closed without any additional tax liability, settlement, or penalty. This successfully resolves the tax inquiry originally disclosed by the company on April 22, 2026.

• GST Department drops proceedings for FY 2022-23 following review of reply in Form GST ASMT-11
• Matter closed via Form GST ASMT-12 with zero further tax liability or penalty
• Resolves the previous regulatory inquiry originally disclosed on April 22, 2026

NIS Management Ltd has been awarded the 'SME Rhodium' status by State Bank of India (SBI), representing the highest tier under SBI's SME Star Rating Programme. The company was selected for this recognition from among over 23 lakh MSME customers of SBI based on its track record and financial discipline. Under this status, NIS Management is eligible for additional interest rate concessions, priority processing for fresh credit facilities, and loan enhancements. For a company with total debt of Rs 83 Cr and D/E of 0.42, this status could provide incremental borrowing cost savings and smoother working capital access.

• Accorded 'SME Rhodium' status, the highest tier under the SBI SME Star Rating Programme
• Selected from a base of over 23 lakh MSME customers of State Bank of India
• Grants additional interest rate concessions within approved parameters and floor rates
• Provides priority consideration for fresh credit facilities, enhancements, and tailored banking solutions

In its Q1 FY27 earnings call, NIS Management reported a consolidated total income of ₹115.44 crore, reflecting a 15.68% YoY increase. EBITDA grew 36.24% YoY to ₹9.22 crore with EBITDA margins expanding 121 bps to 7.99%, while net profit rose 35% YoY to ₹6.40 crore. Total employee count grew to 19,154 in July 2026 from 18,673 in March 2026. The company secured ₹45.71 crore in aggregate orders from the Reliance Group and reiterated its objective to cross ₹500 crore in consolidated revenue for FY27.

• Consolidated total income rose 15.68% YoY to ₹115.44 crore in Q1 FY27
• EBITDA increased 36.24% YoY to ₹9.22 crore with margins expanding 121 bps to 7.99%
• Net profit increased 35% YoY to ₹6.40 crore with an EPS of ₹3.23
• Secured ₹45.71 crore worth of combined facility management and housekeeping orders across Reliance Group entities
• Management reiterated FY27 consolidated revenue target of crossing ₹500 crore (vs ₹449 crore TTM)

NIS Management Ltd has secured a work order valued at Rs 19.57 crore (inclusive of taxes) from the Office of Chief Engineer (Patna), Building Construction Department. The scope covers comprehensive housekeeping, operation, and maintenance of Type-A and B flats at Gardanibagh, Patna. The contract spans a 5-year execution period, contributing approximately Rs 3.91 crore annually against the company's TTM revenue of Rs 449 crore (total order is ~4.4% of TTM revenue).

• Work order size of Rs 19,56,93,449 (inclusive of applicable taxes)
• Execution timeline of 5 (five) years from the date of work order issuance
• Awarded by the domestic government entity: Office of Chief Engineer (Patna), Building Construction Department
• Scope covers comprehensive housekeeping, operation & maintenance at Gardanibagh, Patna

NIS Management Ltd has secured a domestic work order worth ₹19.57 crore (inclusive of taxes) from the Office of Chief Engineer (Patna), Building Construction Department. The contract spans 5 years and covers comprehensive housekeeping, operation, and maintenance of Type-A and B flats at Gardanibagh, Patna. Compared to the company's TTM revenue of ₹449 crore, this contract represents ~4.4% of annual revenue over its entire 5-year tenure (~₹3.91 crore annually). The transaction is not a related-party deal.

• Work order valued at ₹19,56,93,449 (inclusive of applicable taxes)
• Contract duration is 5 years from the date of work order issuance
• Awarded by domestic government entity: Office of Chief Engineer (Patna), Building Construction Department
• Scope involves Comprehensive Housekeeping, Operation & Maintenance of Type-A and B flats in Gardanibagh, Patna

NIS Management released its Q1 FY27 investor presentation, reporting a 15.68% YoY growth in Total Income to ₹115.44 Cr and a 35.59% YoY rise in Net Profit to ₹6.40 Cr. EBITDA margins expanded to 7.99% from 6.78% in Q1 FY26, driven by operating efficiencies and service mix improvements. The company announced ₹48.03 Cr in total new order wins during the quarter, prominently led by ₹45.71 Cr in contracts from Reliance Group entities valid through March 2027.

• Q1 FY27 Total Income grew 15.68% YoY to ₹115.44 Cr compared to ₹99.79 Cr in Q1 FY26
• Net Profit increased 35.59% YoY to ₹6.40 Cr with PAT margins improving to 5.54%
• EBITDA grew 36.24% YoY to ₹9.22 Cr, expanding margins by 121 bps to 7.99%
• Secured ₹48.03 Cr in total new work orders during Q1 FY27, including ₹45.71 Cr from Reliance Group entities through March 2027