NIS Management Ltd
Incorporated in 1985, NIS Management Ltd is in the business of providing organised security services and facility management.[1]
- Market Cap ₹ 89.3 Cr.
- Current Price ₹ 45.1
- High / Low ₹ 108 / 36.2
- Stock P/E 5.44
- Book Value ₹ 99.3
- Dividend Yield 0.00 %
- ROCE 11.1 %
- ROE 11.4 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.45 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 12.5% over last 3 years.
* 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
Consumer Discretionary Consumer Services Other Consumer Services Other Consumer Services
Part of BSE SME IPO
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 | |
|---|---|---|---|---|---|
| 242 | 266 | 305 | 353 | 374 | |
| 222 | 244 | 282 | 326 | 353 | |
| Operating Profit | 20 | 21 | 23 | 27 | 21 |
| OPM % | 8% | 8% | 8% | 8% | 6% |
| 1 | 0 | 1 | 1 | 2 | |
| Interest | 5 | 5 | 6 | 8 | 7 |
| Depreciation | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 14 | 16 | 16 | 19 | 15 |
| Tax % | 25% | 26% | 18% | 19% | 0% |
| 11 | 12 | 13 | 16 | 15 | |
| EPS in Rs | 14.70 | 15.95 | 18.52 | 21.41 | 10.06 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 13% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 15 | 20 |
| Reserves | 77 | 89 | 102 | 118 | 126 | 177 |
| 49 | 67 | 66 | 69 | 67 | 71 | |
| 17 | 19 | 11 | 15 | 16 | 12 | |
| Total Liabilities | 150 | 182 | 187 | 210 | 224 | 280 |
| 10 | 10 | 9 | 9 | 10 | 10 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 0 |
| Investments | 10 | 10 | 10 | 11 | 12 | 12 |
| 130 | 163 | 167 | 191 | 202 | 258 | |
| Total Assets | 150 | 182 | 187 | 210 | 224 | 280 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -0 | -2 | 9 | 11 | 7 | |
| 1 | 0 | 2 | 0 | -2 | |
| -2 | 13 | -7 | -4 | -9 | |
| Net Cash Flow | -1 | 11 | 4 | 7 | -5 |
| Free Cash Flow | -0 | -2 | 8 | 11 | 5 |
| CFO/OP | -0% | -9% | 37% | 41% | 32% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 126 | 134 | 109 | 107 | 105 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 126 | 134 | 109 | 107 | 105 |
| Working Capital Days | 85 | 93 | 95 | 86 | 94 |
| ROCE % | 14% | 13% | 15% | 11% |
Insights
In beta| Sep 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Employee Count (Headcount) Personnel |
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| Number of States Operated In States |
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| Number of Branch Offices Offices |
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| Revenue Concentration in West Bengal % |
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| DSO (Days Sales Outstanding) Days |
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| CCTV Rental Revenue Share % |
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| Government Revenue Share % |
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| Number of Operating Sites Sites |
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Documents
Announcements
- Closure of Trading Window 26 Mar
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
25 Mar - Subsidiary NIS Facility Management awarded INR 2.18 crore Mumbai Police CCTV O&M contract, Apr 1–May 3, 2026.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
20 Mar - Subsidiary won INR 56,01,303 CCTV/OFC restoration project from West Bengal Electronics Industry Development Corporation (Mar 20, 2026).
-
Resignation Of Statutory Auditor Of Subsidiary Companies.
14 Mar - Datta Roy & Associates resigned as auditors of five subsidiaries effective March 13, 2026.
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Appointment Of Statutory Auditor Of Subsidiary Companies.
14 Mar - Appointed M/s KGRS & Co. as statutory auditors for five subsidiaries/LLP on March 14, 2026 until ensuing AGMs.
Annual reports
No data available.
Concalls
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptPPT
Business Overview:[1][2]
NISML is a part of the NIS group. The company provides security services such as manned guarding, facility management (housekeeping),
electronic surveillance, technical maintenance and support, payroll management services to government and industrial players, and to multinational corporations. It follows a wage-plus-service-charge model for the manpower provided to most of the customers