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Nila Infrastructures Limited (NILAINFRA)

₹6.78 +0.00% last close, 16 Oct

📊 NSE: NILAINFRA 🏢 Construction 📢 Latest filing: 14 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Nila Infrastructures' revenue was ₹74.2 Cr (-19.9% year on year, -8.4% on the previous quarter), and net profit ₹8.4 Cr (+25.7% year on year); the operating margin was 10.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹74.2	-19.9%	-8.4%
Operating profit	₹7.5	-15.1%	-11.7%
Net profit	₹8.4	+25.7%	+44.3%
EPS (₹)	0.21	+23.5%	+40.0%
Operating margin	10.1%	—	—

Full quarterly financials → Results calendar →

NILAINFRA delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 65.25% of the NILAINFRA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 72.65%. That is close to its usual level. Turnover was only ₹7 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal.

65.25%Delivery, 16 Oct

72.65%Own 20-session average

0.5×Volume vs its average

₹6.78NSE close · +0.00%

Delivery in the last 5 sessions: 47.0% · 80.3% · 64.3% · 67.2% · 65.2%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Nila Infrastructures Submits Reg 74(5) Dematerialisation Certificate for Q2 FY2027

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 14 Oct 2026, 03:22 PM

Nila Infrastructures Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited, confirms that securities received for dematerialisation were processed and confirmed to depositories. It further validates that cancelled share certificates were replaced in the register of members within the mandated 15 days. This is a standard quarterly administrative filing with no impact on operations or financials.

Regulation 74(5) dematerialisation certificate submitted for quarter ended September 30, 2026
Share certificates received were mutilated and cancelled within the mandated 15 days
Confirmation issued by RTA MCS Share Transfer Agent Limited on October 5, 2026
Announcement submitted to BSE and NSE on October 14, 2026

💡 No investor action required; this is a routine regulatory compliance filing. Investors should instead monitor upcoming Q2 FY2027 financial results.

Nila Infra Wins Work Order Amendment from AMC, Project Size Revised to Rs 105.65 Cr

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 01 Oct 2026, 10:12 PM

Nila Infrastructures has received an amendment to its existing slum rehabilitation contract from Ahmedabad Municipal Corporation (AMC) for the 'Gulbai Tekra' project. The overall project value has expanded from Rs 99.08 crore to Rs 105.65 crore, adding 56 residential units and 2 commercial shops. The total scope now includes 910 residential units and 12 commercial shops. Under the revised terms, the consideration will be settled entirely via Transferable Development Rights (TDR) worth Rs 105.65 crore, replacing the earlier structure of Rs 70.34 crore TDR and Rs 28.74 crore land premium.

Overall contract value revised upwards from INR 99.08 Crore to INR 105.65 Crore (incremental INR 6.57 Crore)
Scope expanded by 56 Residential Units and 2 Commercial Shops to a total of 910 Residential Units and 12 Commercial Shops
Entire consideration of INR 105.65 Crore to now be received via Transferable Development Rights (TDR)
Replaces earlier payment structure of INR 70.34 Crore TDR and INR 28.74 Crore Land Premium
Originally awarded via LOA dated 05.02.2024; amendment received on 01.10.2026

💡 Monitor the company's ability to monetize the INR 105.65 crore worth of TDR efficiently and track the execution timeline of the Gulbai Tekra project.

Nila Infra Wins Work Order Amendment from AMC, Project Size Revised to Rs 105.65 Cr

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 01 Oct 2026, 10:08 PM

Overall contract value revised upwards from INR 99.08 Crore to INR 105.65 Crore (incremental INR 6.57 Crore)
Scope expanded by 56 Residential Units and 2 Commercial Shops to a total of 910 Residential Units and 12 Commercial Shops
Entire consideration of INR 105.65 Crore to now be received via Transferable Development Rights (TDR)
Replaces earlier payment structure of INR 70.34 Crore TDR and INR 28.74 Crore Land Premium
Originally awarded via LOA dated 05.02.2024; amendment received on 01.10.2026

💡 Monitor the company's ability to monetize the INR 105.65 crore worth of TDR efficiently and track the execution timeline of the Gulbai Tekra project.

Nila Infrastructures: Group President Gajendra Sharma Resigns Effective 30 September 2026

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 30 Sep 2026, 06:14 PM

Nila Infrastructures Limited announced the resignation of Mr. Gajendra Sharma from the post of Group President (Strategy, Finance & Operations), a Senior Management Personnel role, effective 30 September 2026. The resignation letter, dated 14 September 2026, cited personal pursuits of other career opportunities outside the organisation. The departure affects a key leadership position overseeing finance, strategy, and operations for a company with TTM revenue of ₹304 Cr and an order book of ~₹600 Cr.

Mr. Gajendra Sharma resigns as Group President (Strategy, Finance & Operations) effective 30 September 2026
Formal resignation letter was tendered on 14 September 2026 citing external career opportunities
Company categorized the role under Senior Management Personnel pursuant to SEBI regulations

💡 Monitor upcoming filings for the announcement of a successor to head strategy, finance, and operations to ensure smooth execution of the ~₹600 Cr order book.

Nila Infrastructures Issues Reminder for Mandatory Shareholder KYC Updation

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Sep 2026, 05:06 PM

Nila Infrastructures Limited has sent reminder letters to physical shareholders to submit their mandatory KYC details, PAN, bank account data, and specimen signatures pursuant to SEBI circulars. Non-compliant folios will be restricted from processing RTA service requests or lodging grievances, with future payments permitted solely electronically. Additionally, the communication highlights a one-year special window running from February 05, 2026 to February 04, 2027, for the transfer and dematerialisation of physical shares purchased prior to April 01, 2019. This is a standard regulatory compliance filing with no impact on corporate financials.

Special dematerialisation window open for one year from February 05, 2026 to February 04, 2027
Applies to transfer and demat of physical securities purchased/sold prior to April 01, 2019
Transferred physical shares under the special window subject to a mandatory 1-year lock-in
Requires submission of PAN, bank details, contact data, and specimen signature to RTA MCS Share Transfer Agent Ltd.

💡 Physical shareholders should submit Form ISR forms to MCS Share Transfer Agent Ltd. to avoid disruption in corporate benefits. General equity investors can disregard this procedural intimation.

Gujarat Housing Board Cancels ₹142.73 Cr Redevelopment Project for Nila Infrastructures

🔴 NEGATIVE ⭐ 9/10

OTHER 📅 27 Aug 2026, 01:31 PM

Gujarat Housing Board (GHB) has cancelled the redevelopment work order for 'Nirmal Apartment', originally awarded to Nila Infrastructures via Letter of Award dated 27 October 2023. The cancelled contract had a development cost of ₹142.73 crore, which represents approximately 47% of the company's TTM revenue of ₹304 crore. GHB has decided not to proceed with the project and will refund the Earnest Money Deposit (EMD) furnished by the company. Consequently, the company's order book position will be reduced by ₹142.73 crore.

Cancellation of Nirmal Apartment redevelopment project with development cost of ₹142.73 crore
Project originally comprised 300 HIG units, 18 shops, plus 580 additional housing units and 6 shops on PPP basis
Order book reduced by ₹142.73 crore, equivalent to ~47% of FY26 TTM revenue
Gujarat Housing Board to refund the bank Earnest Money Deposit (EMD) to the company

💡 Track subsequent quarterly updates for revised total order book size and management commentary on replacement order inflows to offset the ₹142.73 crore reduction.

Rs 150 Cr Bank Facilities Assigned 'CARE BBB; Stable' Rating by CARE

🟡 NEUTRAL ⭐ 6/10

REGULATORY 📅 10 Aug 2026, 06:06 PM

CARE Ratings has assigned credit ratings to Nila Infrastructures' bank facilities totaling Rs 150 crore. Long-term facilities (Rs 28.87 cr) and mixed facilities (Rs 111.75 cr) received a 'CARE BBB; Stable' rating, while short-term facilities (Rs 9.38 cr) were assigned 'CARE A3+'. This total rated amount represents approximately 46% of the company's TTM revenue of Rs 323 crore. The assignment of investment-grade ratings supports the company's ability to manage its Rs 600 crore order book and liquidity requirements.

Total bank facilities of Rs 150.00 crore assigned ratings by CARE Ratings on August 10, 2026
Long-term rating of 'CARE BBB; Stable' assigned to Rs 28.87 crore in facilities
Short-term rating of 'CARE A3+' assigned to Rs 9.38 crore in facilities
Mixed long/short-term facilities of Rs 111.75 crore rated 'CARE BBB; Stable / CARE A3+'
Rated facilities amount to approximately 46% of the company's TTM revenue of Rs 323 crore

💡 Monitor if this credit rating helps the company secure lower interest rates on its existing Rs 24 crore debt or facilitates the issuance of bank guarantees for new tenders.

Nila Infrastructures Shareholders Approve FY26 Financials and Director Re-appointments at 36th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 01 Aug 2026, 03:22 PM

Nila Infrastructures Limited concluded its 36th Annual General Meeting on July 31, 2026, with shareholders approving all four proposed resolutions. Key approvals included the adoption of audited financial statements for FY2026 and the re-appointment of Mr. Deep S. Vadodaria as a director. Additionally, a special resolution was passed to re-appoint Mr. Revant Bhatt as an Independent Director for a five-year term. All resolutions received overwhelming support, with over 99.9% of votes cast in favor.

Total of 89,669 shareholders were eligible to vote as of the cut-off date on July 24, 2026.
Resolution to adopt FY2026 financial statements passed with 99.99% votes in favor (16,21,33,672 votes).
Mr. Revant Bhatt re-appointed as Independent Director for a 5-year term with 99.99% approval.
AGM attendance included 7 members from the promoter group and 33 public shareholders via video conferencing.

💡 Investors should focus on the company's execution of its ~Rs 600 Cr order book and the development of its 300-acre land bank in Becharaji, as these are the primary drivers for the projected 32% growth.

89,669 Shareholders Eligible as Nila Infrastructures Approves FY26 Results at 36th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Jul 2026, 02:28 PM

Nila Infrastructures Limited concluded its 36th Annual General Meeting on July 31, 2026, where shareholders approved the audited financial statements for FY2025-26. The company reported a TTM revenue of ‡323 Cr and a PAT of ‡25 Cr, reflecting steady growth from the previous year. Key management decisions included the re-appointment of Mr. Deep S. Vadodaria as Director and Mr. Revant Bhatt as Independent Director. The meeting was attended by 40 shareholders via video conferencing, representing a total base of 89,669 shareholders as of the July 24 record date.

Adoption of standalone and consolidated financial statements for the year ended March 31, 2026, with a TTM PAT of ‡25 Cr.
Total of 89,669 shareholders were on record as of the cut-off date of July 24, 2026.
Re-appointment of Mr. Revant Bhatt as an Independent Director approved via a Special Resolution.
The company maintains a healthy order book of approximately ‡600 Cr, representing ~186% of TTM revenue.
Meeting proceedings lasted 38 minutes, concluding at 12:08 p.m. with 40 total attendees.

💡 Investors should focus on the execution of the ‡600 Cr order book and the development progress of the 300-acre land bank in Becharaji, Gujarat, which are the primary growth drivers.

Q1 PAT at ₹5.81 Cr; Consolidated Revenue Declines 19.9% YoY to ₹74.20 Cr

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 25 Jul 2026, 12:02 PM

Nila Infrastructures reported a contraction in its top-line for Q1 FY2027, with consolidated revenue from operations falling 19.9% YoY to ₹74.20 Cr from ₹92.60 Cr. Consolidated Net Profit also saw a slight decline of 4.9% YoY, coming in at ₹5.81 Cr compared to ₹6.11 Cr in the year-ago period. Despite the revenue drop, the company maintained relatively stable profitability with a standalone EPS of ₹0.16. Investors should note the ongoing Income Tax litigation regarding a 2021 search operation, which remains pending at the appellate stage.

Consolidated Revenue from operations decreased to ₹74.20 Cr from ₹92.60 Cr in Q1 FY2026.
Consolidated Net Profit for the quarter stood at ₹5.81 Cr, a 4.9% decline from ₹6.11 Cr YoY.
Standalone EPS for the quarter was ₹0.16, slightly down from ₹0.17 in the corresponding previous quarter.
Finance costs for the consolidated entity remained controlled at ₹0.76 Cr for the quarter.
The company continues to manage an order book of approximately ₹600 Cr with a 1-3 year execution timeline.

💡 Monitor the pace of order book execution in the coming quarters to see if the company can reverse the current revenue contraction and leverage its 300-acre land bank in Gujarat.

Nila Infrastructures Q1 Net Profit at Rs 5.81 Cr; Revenue Declines 20% YoY

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 25 Jul 2026, 11:55 AM

Nila Infrastructures reported a consolidated net profit of Rs 5.81 Cr for the quarter ended June 30, 2026, representing a decline from Rs 6.71 Cr in the same period last year. Revenue from operations fell by 19.8% YoY to Rs 74.20 Cr, down from Rs 92.60 Cr in Q1 FY2026. Despite the top-line contraction, standalone finance costs improved, dropping to Rs 0.94 Cr from Rs 1.59 Cr YoY. The auditor highlighted an ongoing 'Emphasis of Matter' regarding pending Income Tax appeals from a 2021 search operation.

Consolidated Revenue from operations decreased to Rs 74.20 Cr from Rs 92.60 Cr in the year-ago quarter.
Consolidated Net Profit for Q1 FY2027 stood at Rs 5.81 Cr, a 13.4% decline compared to Rs 6.71 Cr in Q1 FY2026.
Standalone EPS for the quarter was Rs 0.16, slightly lower than the Rs 0.17 reported in the previous year's corresponding quarter.
Standalone finance costs were reduced by 40.8% YoY to Rs 0.94 Cr.
The company maintains a paid-up equity share capital of Rs 39.39 Cr with a face value of Rs 1 per share.

💡 Investors should monitor the execution pace of the existing ~Rs 600 Cr order book to see if revenue growth stabilizes in upcoming quarters and watch for any finality regarding the pending Income Tax appeals.

Nila Infrastructures Schedules 36th AGM for July 31, 2026; Dispatches Annual Report Links

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Jul 2026, 05:01 PM

Nila Infrastructures has dispatched letters to shareholders who have not registered their email addresses, providing web links to the FY2025-26 Annual Report and the 36th AGM notice. The Annual General Meeting is scheduled for July 31, 2026, at 11:30 a.m. via video conferencing. This is a procedural filing under SEBI LODR Regulation 36(1)(b) to ensure all members can access statutory documents. Investors should use this opportunity to review the full audited financials and management's outlook on the current ~Rs 600 Cr order book.

36th Annual General Meeting scheduled for July 31, 2026, at 11:30 a.m.
Annual Report for Financial Year 2025-26 made available via digital links
Letter dispatched to members on July 9, 2026, for those without registered email IDs
Meeting to be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)

💡 Investors should download and review the FY2025-26 Annual Report to assess the execution progress of the company's 300-acre land bank in Becharaji and the sustainability of its 9.8% operating margins.

Nila Infrastructures Submits Quarterly Share Dematerialization Certificate for June 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jul 2026, 05:11 PM

Nila Infrastructures has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by MCS Share Transfer Agent Ltd, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed within the required 15-day timeframe. This process includes the mutilation and cancellation of physical certificates and updating the register of members. This is a standard administrative filing with no impact on the company's financial or operational status.

Compliance certificate covers the quarter ended June 30, 2026
Dematerialization requests were processed and confirmed within 15 days
Certificate issued by Registrar and Share Transfer Agent on July 04, 2026
Physical certificates were mutilated and cancelled as per SEBI regulations

💡 This is a routine regulatory filing. Investors should monitor the company's upcoming quarterly financial results for actual business performance updates.

Nila Infrastructures Sets July 24, 2026, as Record Date for 36th AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 05:25 PM

Nila Infrastructures Limited has announced its 36th Annual General Meeting (AGM) scheduled for July 31, 2026. The company has fixed July 24, 2026, as the cut-off date to determine shareholder eligibility for e-voting. This is a standard administrative procedure required under the Companies Act and SEBI regulations. Shareholders as of the record date will be eligible to vote on company resolutions between July 28 and July 30, 2026.

36th Annual General Meeting to be held on July 31, 2026, via video conferencing
Record date (cut-off) for e-voting eligibility is July 24, 2026
Remote e-voting period starts July 28, 2026 (9:00 AM) and ends July 30, 2026 (5:00 PM)
Register of Members and Share Transfer Books will remain closed from July 25 to July 31, 2026
Company maintains a healthy order book of approximately ₹600 Cr as per latest financial context

💡 Shareholders should ensure their shares are in their demat accounts by the July 24 record date to participate in voting. Review the full AGM notice when available for specific resolutions regarding dividends or business strategy.

Nila Infrastructures Schedules 36th AGM for July 31, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Jul 2026, 05:08 PM

Nila Infrastructures Limited has announced its 36th Annual General Meeting (AGM) to be held on July 31, 2026, via video conferencing. The agenda includes the adoption of FY2026 financial results, where the company reported a TTM revenue of ₹323 Cr and PAT of ₹25 Cr. Key resolutions include the re-appointment of Mr. Deep S Vadodaria as Director and a special resolution for the second 5-year term of Independent Director Mr. Revant Bhatt. The company also seeks to ratify ₹80,000 as annual remuneration for its Cost Auditor for FY2026-27.

36th Annual General Meeting scheduled for July 31, 2026, at 11:30 a.m. via VC/OAVM
Cut-off date for determining e-voting eligibility is set for July 24, 2026
Proposed ratification of Cost Auditor remuneration at ₹80,000 per annum for FY2026-27
Special resolution proposed for re-appointment of Independent Director for a 5-year term starting October 7, 2026
Book closure period for the AGM is from July 25, 2026, to July 31, 2026

💡 Investors should monitor the AGM proceedings for management commentary on the execution of the ₹600 Cr order book and the development status of the 300-acre land bank in Becharaji, Gujarat.

View All NILAINFRA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Affordable Housing contributes 94% of revenue, Urban Infrastructure 5%, and others 1%. Total Operating Income grew 32.8% YoY to INR 246.88 Cr in FY2025 from INR 185.89 Cr in FY2024.

Geographic Revenue Split

Majority of projects are concentrated in the vicinity of Ahmedabad, Gujarat, with some presence in Rajasthan. This results in significant geographical concentration risk.

Profitability Margins

PAT margin improved significantly from 1.38% in FY2023 to 5.69% in FY2024 and reached 8.20% in FY2025. This sharp rise highlights consistent year-on-year profitability improvement.

EBITDA Margin

EBITDA margin improved from 1.81% in FY2023 to 5.86% in FY2024 and further to 7.88% in FY2025, driven by successful EPC project completions.

Credit Rating & Borrowing

Assigned IVR BBB/Stable for long-term and IVR A3+ for short-term bank facilities. Interest coverage ratio improved to 5.03x in FY2025 from 1.39x in FY2024 due to better profitability and debt reduction.

⚙️ Operational Drivers

Raw Materials

Steel and cement are the primary raw materials, though specific percentage of total cost for each is not disclosed.

Capacity Expansion

The company holds a land bank of approximately 300 acres at Becharaji, Gujarat, intended for industrial, logistics, and residential infrastructure development.

Raw Material Costs

Susceptible to volatility in input prices; however, price escalation clauses are present in contracts to mitigate this risk. Operating expenses were INR 760 Mn in FY2022 (Consolidated).

Manufacturing Efficiency

Operating cycle remained elongated at 126 days in FY2025 compared to 123 days in FY2024. Current ratio was 1.08x as of March 31, 2025.

📈 Strategic Growth

Expected Growth Rate

32%

Growth Strategy

Growth will be achieved by shifting focus to high-potential projects like Slum and Government Housing Redevelopment (PPP), utilizing a healthy order book of ~INR 600 Cr (1-3 year execution timeline) and developing the 300-acre land bank in Becharaji, Gujarat.

Products & Services

Affordable Housing projects, Slum Rehabilitation and Redevelopment buildings, and Industrial/Logistics Parks.

Brand Portfolio

Nila Infrastructures Limited, Sambhaav Group (flagship unit).

New Products/Services

Increased focus on Slum Rehabilitation and PPP projects, which have improved cash flows and financial health in recent years.

Market Expansion

Expansion into Rajasthan and development of the Becharaji industrial hub in Gujarat.

Strategic Alliances

The company operates several joint ventures and associates; share in profit/loss from these was a loss of INR 32 Mn in FY2022 (Consolidated).

🌍 External Factors

Industry Trends

The industry is seeing a shift toward PPP models and government-led affordable housing. Nila is positioning itself as a specialist in slum redevelopment to capture this growth.

Competitive Landscape

Highly fragmented with many organized and unorganized players competing for government tenders.

Competitive Moat

30-year track record and proven execution capability (e.g., record 18-month building completion) provide a sustainable competitive advantage in the Gujarat market.

Macro Economic Sensitivity

Highly sensitive to real estate cyclicality and government infrastructure spending levels.

Consumer Behavior

Increasing demand for affordable housing driven by urbanization and government subsidies.

⚖️ Regulatory & Governance

Industry Regulations

Subject to RERA, municipal building codes, and government tender regulations. Pollution norms for construction sites also apply.

Taxation Policy Impact

Effective tax rate was approximately 30% in FY2022 (INR 11 Mn tax on INR 36 Mn PBT).

Legal Contingencies

Not disclosed with specific case values in available documents.

⚠️ Risk Analysis

Key Uncertainties

A significant risk is the substantial exposure to group companies, which amounted to INR 190.59 Cr in FY2025. This exposure is adjusted against the book tangible net worth of INR 181.01 Cr, resulting in a negative adjusted net worth of -INR 9.59 Cr, which significantly weakens the capital structure and total indebtedness (TOL/TNW at -70.89x).