Nisus Finance Services Co Ltd
Incorporated in 2013, Nisus Finance Services Co Limited offers financial services such as Transaction Advisory Services, Fund and Asset Management, Private Equity and Venture Debt and Capital Solutions to Corporate Clients.[1]
- Market Cap ₹ 420 Cr.
- Current Price ₹ 176
- High / Low ₹ 435 / 143
- Stock P/E 24.3
- Book Value ₹ 68.6
- Dividend Yield 0.00 %
- ROCE 27.5 %
- ROE 21.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoters have pledged 31.3% of their holding.
- Earnings include an other income of Rs.20.3 Cr.
- Debtor days have increased from 54.0 to 69.4 days.
- Working capital days have increased from 170 days to 248 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Finance Holding Company
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 4 | 4 | 8 | 36 | 35 | |
| 3 | 3 | 4 | 5 | 10 | |
| Operating Profit | 1 | 1 | 3 | 31 | 25 |
| OPM % | 24% | 24% | 44% | 87% | 70% |
| 1 | 1 | 0 | -1 | 1 | |
| Interest | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 2 | 2 | 29 | 25 |
| Tax % | 11% | 9% | 17% | 19% | 22% |
| 1 | 2 | 2 | 24 | 20 | |
| EPS in Rs | 11.38 | 14.17 | 18.83 | 222.10 | 8.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 99% |
| TTM: | -75% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 135% |
| TTM: | -54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -45% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 39% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 24 | 24 |
| Reserves | 5 | 6 | 8 | 32 | 124 | 140 |
| 6 | 10 | 17 | 6 | 1 | 8 | |
| 1 | 2 | 2 | 4 | 2 | 4 | |
| Total Liabilities | 14 | 19 | 28 | 43 | 152 | 176 |
| 0 | 0 | 0 | 1 | 2 | 130 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 11 | 14 | 19 | 24 | 87 | 0 |
| 2 | 5 | 9 | 18 | 63 | 46 | |
| Total Assets | 14 | 19 | 28 | 43 | 152 | 176 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -2 | -4 | -7 | 9 | 1 | |
| 1 | 1 | 4 | 2 | -58 | |
| -0 | 3 | 5 | -11 | 90 | |
| Net Cash Flow | -1 | 1 | 2 | -0 | 33 |
| Free Cash Flow | -2 | -4 | -7 | 9 | -1 |
| CFO/OP | -275% | -383% | -201% | 48% | 28% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 73 | 117 | 31 | 61 | 69 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 73 | 117 | 31 | 61 | 69 |
| Working Capital Days | 18 | 172 | 157 | 105 | 248 |
| ROCE % | 15% | 16% | 96% | 27% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Assets Under Management (AUM) INR Crores |
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| Revenue to AUM Ratio Percentage |
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| Team Strength (Number of Employees) Count |
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| Average IRR on Exited Funds Percentage |
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| Geographic AUM Mix - India Share Percentage |
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| Number of Live Funds Count |
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| Order Book (NCCCL) INR Crores |
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Documents
Announcements
-
Closure of Trading Window
27 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter ended Mar 31, 2026.
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
27 Mar - Catalyst Trusteeship pledges additional 6,10,000 Nisus shares (2.55%) on March 24, 2026; total encumbered 53,47,272 (22.39%).
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 25 Mar
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 25 Mar
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
23 Mar - Catalyst Trusteeship pledged 5,50,000 Nisus shares (2.30%) on March 17, 2026; encumbrance now 19.84%.
Annual reports
Concalls
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Feb 2026Transcript PPT
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Feb 2026TranscriptAI SummaryPPT
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT REC
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Feb 2025TranscriptAI SummaryPPT
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Dec 2024TranscriptPPTREC
Business Model[1][2]
Nisus Finance operates a diversified business model comprising two main segments:
a) Transaction Advisory Services: Focuses on facilitating transactions like outright sales, joint ventures, capital structuring, and asset monetization.
b) Fund and Asset Management: Manages real estate and urban infrastructure assets through domestic and international funds.