Nicco Parks & Resorts Ltd (NICCOPAR)

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Nicco Parks & Resorts Ltd (NICCOPAR) · mywealthgrid

About

Small-cap amusement parks and leisure operator (₹350 Cr market cap). Pre-disruption revenues ₹11–18 Cr per quarter. Discretionary consumer business; profitability tied to footfall and capacity utilization.

Face value: ₹1

Market cap

₹372 Cr

P/E

—

P/B

3.6×

Dividend yield

1.9%

ROE

-2.6%

ROCE

10.9%

Debt / equity

OPM

15.7%

EPS (TTM)

₹-0.6

Book value

₹22.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Cyclical vulnerability: leisure spending contracts first in downturns; revenue swung ₹18 Cr (Jun 2019) to ₹0.27 Cr (Sep 2020)
Current profitability issues: ROE −2.58%, stock down 30.58% despite zero debt; operational challenges require latest quarter verification (2026-08-13)
Institutional skepticism: zero FII/DII holdings despite zero debt indicate market concern beyond balance sheet; verify cause
Limited visibility: detailed quarterly data from 2021 only; verify latest quarter trends (results announced 2026-08-13)

Generated analysis · source review pending

Growth drivers

Zero-debt balance sheet (D/E 0) enables capex investment if demand rebounds; verify management expansion plans
Recent dividends (2024–2026) suggest cash generation; verify sustainability against negative ROE and latest quarter cash flow
Sector recovery in discretionary leisure if consumer spending accelerates; verify footfall and occupancy trends post-2023

Generated analysis · source review pending

2,407 historical price candles were omitted because the exchange source has not been verified.

₹79.5-1.9%1Y

Quick read

rule-based

Pros

+High return on capital employed of 21.3%
+Revenue CAGR of 30.5% over the last 5 years
+Almost debt-free (debt/equity 0)
+High promoter holding of 69.6% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

26/100

Business quality: 39
Growth: 0
Valuation: 38

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	43	45	18	31	77	79	75	66
COGS	0	1	1	2	7	6	6	6
Gross profit	—	44	16	29	70	73	69	61
	35	36	21	23	41	46	47	50
Operating profit (EBITDA)	8	9	-4	6	29	27	22	10
OPM %	17.8%	19.2%	-23.1%	18.6%	38.5%	34.3%	28.9%	15.7%
Depreciation	1	2	2	3	2	3	2	3
Interest	0	1	1	0	0	0	0	0
	2	2	2	2	2	4	5	-10
Profit before tax	7	8	-4	6	32	34	29	0
Tax	3	3	-1	1	10	9	7	3
Tax %	33.7%	33.9%	-20.4%	21.8%	30.5%	26.7%	22.7%	1,340.9%
	5	5	-4	5	23	25	22	-3
PAT margin %	11.5%	12.1%	-20.1%	15.5%	29.4%	31.2%	29.9%	-4.1%
EPS (₹)	—	—	—	—	—	—	—	—
EPS adjusted (₹)	1.1	1.2	-0.8	1	4.8	5.3	4.8	-0.6
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	5	5	5	5	5	5	5	5	5	5
Reserves	27	31	42	47	50	47	52	70	89	103	100
	3	3	1	0	1	0	0	0	0	0	0
	15	15	15	17	20	17	17	23	29	29	32
Total equity & liabilities	50	53	63	70	75	68	74	99	122	136	136
	18	18	23	24	27	27	24	24	24	30	30
CWIP	0	0	0	0	0	—	—	0	2	0	17
Investments	10	10	20	23	29	26	30	39	46	63	40
	22	26	20	23	19	16	21	36	51	43	49
Total assets	50	53	63	70	75	68	74	99	122	136	136

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	98.7%	94.1%	92.8%	91.4%	92%	91.9%	91.4%
EBITDA margin %	17.8%	19.2%	-23.1%	18.6%	38.5%	34.3%	28.9%	15.7%
EBIT margin %	14.3%	15.2%	-37.3%	10.5%	35.6%	31%	25.7%	11.5%
PAT margin %	11.5%	12.1%	-20.1%	15.5%	29.4%	31.2%	29.9%	-4.1%
Working capital
Receivable days	18	17	12	12	6	9	6	19
Inventory days	7	447	312	126	48	67	77	70
Payable days	1	50	1,060	472	363	338	300	381
NWC days	24	413	-735	-334	-308	-262	-217	-292
Leverage
Current ratio	1.79	1.94	2.14	2.66	2.27	3	3.19	2.54
Debt to EBITDA	0.45	0.39	—	0.03	0	0	0	0
Debt to equity	0.11	0.1	0	0	0	0	0	0
Interest coverage	18.4	15.9	-9.8	16.9	98.9	—	798.3	—
Asset turnover	0.86	0.84	0.26	0.42	0.78	0.65	0.55	0.49
Return ratios
Return on assets %	9.9%	10.2%	-5.2%	6.5%	22.9%	20.2%	16.5%	-2%
Return on capital employed %	21.6%	22%	-10%	9.2%	40.7%	31.1%	21.9%	10.9%
Return on equity %	15.7%	15.4%	-6.9%	8.5%	30%	26.5%	20.9%	-2.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	68.43%	68.44%	68.57%	68.77%	69%	69.19%	69.27%	69.3%	69.38%	69.44%	69.44%	69.57%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	31.57%	31.56%	31.43%	31.23%	31%	30.81%	30.73%	30.7%	30.62%	30.56%	30.56%	30.43%
No. of shareholders	—	—	—	—	—	—	—	—	10,482	10,438	10,507	10,434

Promoter holding up 1.14 percentage points since Sep 2023.

11 deals · 22 Sept 2022 – 2 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
2 Sept 2026	NICCO ENGINEERING SERVICES LIMITED	Bulk	NSE	Buy	3,88,988	₹81.42	₹3.17 Cr
2 Sept 2026	ANGSHUMAN GHOSH	Bulk	NSE	Sell	3,88,000	₹81.43	₹3.16 Cr
17 Feb 2026	ANGSHUMAN GHOSH	Bulk	BSE	Sell	3,51,956	₹73.55	₹2.59 Cr
17 Feb 2026	NICCO ENGINEERING SERVICES LIMITED	Bulk	BSE	Buy	3,50,000	₹73.55	₹2.57 Cr
16 Feb 2026	ANGSHUMAN GHOSH	Bulk	BSE	Sell	5,40,000	₹73.45	₹3.97 Cr
16 Feb 2026	NICCO ENGINEERING SERVICES LIMITED	Bulk	BSE	Buy	5,40,000	₹73.45	₹3.97 Cr
10 Dec 2025	ANGSHUMAN GHOSH	Bulk	BSE	Sell	2,59,260	₹85.89	₹2.23 Cr
10 Dec 2025	NICCO ENGINEERING SERVICES LIMITED	Bulk	BSE	Buy	2,55,751	₹85.90	₹2.20 Cr
9 Dec 2025	ANGSHUMAN GHOSH	Bulk	BSE	Sell	2,35,064	₹85.43	₹2.01 Cr
22 Sept 2022	NICCO ENGINEERING SERVICES LIMITED	Bulk	BSE	Buy	3,82,948	₹119.71	₹4.58 Cr

1–10 of 11

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. BARUN KUMAR RAYNon-Executive - Nominee Director-Chairperson
Ms. VANDANA YADAVNon-Executive - Nominee Director
Mr. DIPANKAR CHATTERJINon-Executive - Independent Director
Ms. NAYANTARA PALCHOUDHURINon-Executive - Independent Director
Mr. VIJAY DEWANNon-Executive - Independent Director
Mr. RAHUL MITRAExecutive Director-CEO-MD
Mr. Shiv Siddhant Narayan KaulNon - Executive Non -Independent Director
Mr. Soumitra Sankar SenguptaNon-Executive - Nominee Director
Ms. Subhra Das MukherjeeVice President & Chief Finance Officer
Mr. Ankit Kumar BhardwajCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Nicco Parks & Resorts Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

13 announcementsExport CSV

2 Aug 2026, 6:28 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

20 Jul 2026, 5:24 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

7 Jul 2026, 7:44 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

3 Jul 2026, 8:57 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

3 Jul 2026, 7:23 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

Date	Category	Subject	Filing
2 Aug 2026, 6:28 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
20 Jul 2026, 5:24 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate

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Ratio	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	98.7%	94.1%	92.8%	91.4%	92%	91.9%	91.4%
EBITDA margin %	17.8%	19.2%	-23.1%	18.6%	38.5%	34.3%	28.9%	15.7%
EBIT margin %	14.3%	15.2%	-37.3%	10.5%	35.6%	31%	25.7%	11.5%
PAT margin %	11.5%	12.1%	-20.1%	15.5%	29.4%	31.2%	29.9%	-4.1%
Working capital
Receivable days	18	17	12	12	6	9	6	19
Inventory days	7	447	312	126	48	67	77	70
Payable days	1	50	1,060	472	363	338	300	381
NWC days	24	413	-735	-334	-308	-262	-217	-292
Leverage
Current ratio	1.79	1.94	2.14	2.66	2.27	3	3.19	2.54
Debt to EBITDA	0.45	0.39	—	0.03	0	0	0	0
Debt to equity	0.11	0.1	0	0	0	0	0	0
Interest coverage	18.4	15.9	-9.8	16.9	98.9	—	798.3	—
Asset turnover	0.86	0.84	0.26	0.42	0.78	0.65	0.55	0.49
Return ratios
Return on assets %	9.9%	10.2%	-5.2%	6.5%	22.9%	20.2%	16.5%	-2%
Return on capital employed %	21.6%	22%	-10%	9.2%	40.7%	31.1%	21.9%	10.9%
Return on equity %	15.7%	15.4%	-6.9%	8.5%	30%	26.5%	20.9%	-2.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Wonderla Holidays LimitedWONDERLAWONDERLA	₹3,144 Cr	₹3,145 Cr	₹593 Cr	₹200 Cr	31.7%	₹102 Cr	15.8%	6.2%	4.6%	-200
Imagicaaworld Entertainment LimitedIMAGICAAIMAGICAA	₹2,869 Cr	₹3,212 Cr	₹403 Cr	₹133 Cr	31%	₹14 Cr	0.2%	1.8%	0.1%	-53
Delta Corp LimitedDELTACORPDELTACORP	₹1,968 Cr	₹1,968 Cr	₹673 Cr	₹122 Cr	19%	₹-157 Cr	12.4%	4.9%	3.5%	-24
Complete Sports and Management India LtdCSMLCSML	₹418 Cr	₹427 Cr	₹82 Cr	₹13 Cr	15.6%	₹10 Cr	12.4%	19%	30.2%	—
Nicco Parks & Resorts LtdNICCOPARNICCOPAR	₹372 Cr	₹372 Cr	₹66 Cr	₹10 Cr	15.7%	₹-3 Cr	-4.1%	10.9%	-2.6%	-292
Silverstorm Parks And Resorts LtdSSPRLSSPRL	₹293 Cr	—	—	—	—	—	—	—	—	—
South Asian Enterprises LtdSAENTERSAENTER	₹21 Cr	₹21 Cr	₹2 Cr	₹-1 Cr	-35.4%	₹0 Cr	12.2%	-12.3%	5.8%	24
Hanman Fit LtdHANMANHANMAN	₹4 Cr	—	₹0 Cr	₹-0 Cr	-9.5%	₹-0 Cr	-47.6%	—	—	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	7	6	8	10	7	-3	7	27	20	16	7
	-4	-3	-6	-5	-3	6	-6	-19	-16	-7	4
	-3	-3	-3	-5	-5	-2	-0	-6	-7	-6	-7
Net cash flow	—	—	-0	0	-0	0	-0	2	-3	3	5
Free cash flow	—	—	—	—	—	-3	7	22	16	8	-11
CFO / Operating profit %	91.2%	74.4%	—	—	—	—	113.6%	90.1%	73.8%	73.7%	70.7%

Nicco Parks & Resorts Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Dividends37

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

37

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1