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 ₹ 639 Cr.
- Current Price ₹ 268
- High / Low ₹ 571 / 260
- Stock P/E 14.2
- Book Value ₹ 94.4
- Dividend Yield 0.00 %
- ROCE 39.7 %
- ROE 33.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 160% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 47.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Promoters have pledged or encumbered 52.6% of their holding.
- Debtor days have increased from 63.9 to 99.2 days.
- Working capital days have increased from 92.3 days to 171 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.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 6 | 6 | 7 | 11 | 43 | 66 | 172 | |
| 5 | 4 | 5 | 6 | 7 | 23 | 94 | |
| Operating Profit | 1 | 2 | 2 | 5 | 36 | 43 | 78 |
| OPM % | 11% | 30% | 33% | 46% | 85% | 65% | 45% |
| 0 | 1 | 0 | 0 | -1 | 2 | 3 | |
| Interest | 0 | 0 | 1 | 2 | 1 | 1 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 2 | 8 |
| Profit before tax | 0 | 2 | 2 | 4 | 34 | 41 | 67 |
| Tax % | 36% | 7% | 30% | 22% | 30% | 21% | |
| 0 | 2 | 1 | 3 | 24 | 33 | 51 | |
| EPS in Rs | 2.52 | 17.62 | 12.12 | 27.97 | 222.47 | 13.49 | 18.81 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 61% |
| 3 Years: | 109% |
| TTM: | 170% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 160% |
| 3 Years: | 192% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 47% |
| Last Year: | 33% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 24 | 24 |
| Reserves | 4 | 5 | 5 | 8 | 32 | 137 | 201 |
| 7 | 8 | 10 | 18 | 7 | 9 | 268 | |
| 3 | 2 | 4 | 4 | 9 | 9 | 519 | |
| Total Liabilities | 15 | 16 | 21 | 31 | 49 | 179 | 1,013 |
| 0 | 0 | 0 | 0 | 1 | 5 | 85 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 9 | 12 | 15 | 23 | 22 | 49 | 113 |
| 5 | 4 | 6 | 8 | 26 | 125 | 814 | |
| Total Assets | 15 | 16 | 21 | 31 | 49 | 179 | 1,013 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 3 | -0 | 1 | -2 | 15 | -6 | |
| -2 | -1 | -1 | -2 | 0 | -32 | |
| 0 | 0 | -1 | 7 | -12 | 98 | |
| Net Cash Flow | 2 | -1 | -1 | 3 | 4 | 60 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 10 | 49 | 12 | 3 | 89 | 99 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 10 | 49 | 12 | 3 | 89 | 99 |
| Working Capital Days | 2 | 3 | -22 | 38 | 68 | 171 |
| ROCE % | 17% | 17% | 24% | 106% | 40% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
11 Dec - Virtual investor knowledge session on Dec 11, 2025; presentation attached; no UPSI shared.
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
11 Dec - Pledge of 6,87,272 Nisus shares (2.88%) on Dec 8, 2025; total encumbered 51,87,272 (21.73%).
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 10 Dec
-
Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI LODR Regulation')
10 Dec - Amit Goenka pledged 6,87,272 shares (2.88%) to Catalyst Trusteeship as security for loans from Tata Capital and DSP
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 Dec - RESO-1 exit from Bengaluru Project High Cliff delivering 23% IRR in two years.
Annual reports
Concalls
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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.