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Nimbus Projects Limited (NIMBSPROJ) · mywealthgrid

About

Nimbus Projects Limited develops residential and commercial real estate projects, operating in the Consumer Discretionary sector at a ₹355.12 Cr market cap. The company is currently unprofitable at scale, with negative operating margins of -27.33% and negative ROE of -24.48%, suggesting execution challenges or a cyclical downturn in project completions.

Face value: ₹10

Market cap

₹366 Cr

P/E

—

P/B

1.3×

Dividend yield

ROE

-24.5%

ROCE

-9.4%

Debt / equity

0.97

OPM

-27.3%

EPS (TTM)

₹-35.3

Book value

₹144.2

52-week high

₹301.0

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Highly volatile quarterly net profits, swinging from -₹31.17 Cr to +₹25.48 Cr, suggest inconsistent project execution or timing mismatches between cost recognition and revenue realization
Negative ROE (-24.48%) and operating margins (-27.33%) indicate capital is being destroyed; project-level viability and the path to profitability should be verified
Real estate development is dependent on timely regulatory approvals, land-cost containment, and credit availability; D/E 0.97 leaves limited cushion for cost overruns
Minimal institutional ownership (FII 0.19%, DII 0%) alongside 70.5% promoter holding suggests sophisticated investors lack confidence in near-term recovery

Generated analysis · source review pending

Growth drivers

Sporadic large revenue quarters (₹218.23 Cr in Mar 2026) indicate project-based lumpy revenue; growth depends on a consistent pipeline of projects reaching completion
Negative operating margins of -27.33% leave room for operating leverage if project execution tightens or higher-margin projects scale; verify which projects drive losses
Low D/E ratio of 0.97 provides financing capacity for working capital and land purchases, though only viable if projects achieve positive unit economics
Dual residential and commercial focus exposes the company to different demand cycles; recovery in either segment could drive consolidated growth

Generated analysis · source review pending

₹189.5-28%1Y

Beta

0.49

Damps index moves

Volatility (1y)

41.6%

Annualised, daily returns

RSI (14)

78.9

Overbought territory

Rel. strength (1y)

-40.4%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+High promoter holding of 70.5% with no pledge

Cons

−Low return on equity of -24.5% (3-yr avg)
−Weak interest coverage of -2.1×

Research score

Structured signal from quality, growth, valuation and momentum.

40/100

Business quality: 10
Valuation: 99
Momentum: 12

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

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

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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 2026
Revenue	229
COGS	185
Gross profit	44
	130
	-86
OPM %	-37.7%
Depreciation	1
Interest	25
	27
Profit before tax	-85
Tax	3
Tax %	3.1%
PAT	-88
PAT margin %	-38.5%
EPS (₹)	-45.6
EPS adjusted (₹)	-35.3

₹ Cr	Mar 2026
Equity capital	19
Reserves	259
Minority interest	40
	270
	630
Total equity & liabilities	1,219
	54
CWIP	0
Investments	313
	851
Total assets	1,219

₹ Cr	Mar 2026
	-23
	-33
	77
Net cash flow	21
Free cash flow	-30
CFO / Operating profit %	—

Stock price CAGR

10 years: —
5 years: 55%
3 years: 72%
1 year: -32%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: -28%

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2026
Margins
Gross margin %	19.1%
EBITDA margin %	-27.3%
EBIT margin %	-28%
PAT margin %	-38.5%
Working capital
Receivable days	86
Inventory days	1,341
Payable days	123
NWC days	1,304
Leverage
Current ratio	1.26
Debt to EBITDA	—
Debt to equity	0.97
Interest coverage	-2.1
Asset turnover	0.19
Return ratios
Return on assets %	-7.2%
Return on capital employed %	-9.4%
Return on equity %	-31.6%

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
	51.3%	51.3%	51.3%	51.3%	51.3%	51.3%	51.3%	70.5%	70.5%	70.5%	70.5%	70.5%
	0%	0%	0%	0%	0%	0%	0%	0%	0.03%	0.03%	0.03%	0.19%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	48.7%	48.7%	48.7%	48.7%	48.7%	48.7%	48.7%	29.5%	29.47%	29.47%	29.47%	29.31%
No. of shareholders	—	—	—	—	—	—	—	—	2,435	2,370	2,348	2,537

Promoter holding up 19.2 percentage points since Sep 2023.

31 deals · 21 Oct 2024 – 25 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
25 Aug 2026	NIVL LEARNING EDUCATION PRIVATE LIMITED	Bulk	NSE	Sell	1,61,265	₹174.18	₹2.81 Cr
25 Aug 2026	URJA INVESTMENT PTE LTD	Bulk	NSE	Buy	1,49,255	₹174.09	₹2.60 Cr
25 Aug 2026	NIVL IT SERVICES PRIVATE LIMITED	Bulk	NSE	Sell	97,809	₹172.57	₹1.69 Cr
25 Aug 2026	NIVL IT SERVICES PRIVATE LIMITED	Bulk	NSE	Buy	72,209	₹172.84	₹1.25 Cr
25 Aug 2026	NIVL LEARNING EDUCATION PRIVATE LIMITED	Bulk	NSE	Buy	70,000	₹173.07	₹1.21 Cr
11 May 2026	PRATIK M SHETH	Bulk	NSE	Sell	2,00,000	₹200.00	₹4.00 Cr
17 Sept 2025	PEANENCE COMMERCIAL PVT LIMITED	Bulk	BSE	Buy	4,22,128	₹227.40	₹9.60 Cr
17 Sept 2025	GEETA DEVI	Bulk	BSE	Sell	2,50,000	₹229.00	₹5.73 Cr
17 Sept 2025	PARNIT VENTURES PRIVATE LIMITED	Bulk	BSE	Sell	2,13,000	₹225.25	₹4.80 Cr
16 Sept 2025	PEANENCE COMMERCIAL PVT LIMITED	Bulk	BSE	Buy	2,52,000	₹221.02	₹5.57 Cr

1–10 of 31

1 / 4

Mr. BIPIN AGARWALExecutive Director-Chairperson-MD
Mr. RAJEEV KUMAR ASOPANon-Executive - Non Independent Director
Mr. DEBASHIS NANDANon-Executive - Independent Director
Mr. DEEPAK KUMAR LATHNon-Executive - Independent Director
Mrs. ARADHANA SINGHNon-Executive - Independent Director
Ms. Neha Atal PoddarNon - Executive Independent Director
Mr. Nitesh Kumar GuptaChief Financial Officer
Ms. Ritika AggarwalCompany 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

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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 Nimbus Projects Limited. 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

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

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

1

Board meeting to consider results12 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

16 announcementsExport CSV

30 Sept 2026, 4:33 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

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Date	Category	Subject	Filing
30 Sept 2026, 4:33 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
30 Sept 2026, 4:28 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
30 Sept 2026, 4:22 pm	Company Update Appointment of Statutory Auditor/s	Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s	PDF
30 Sept 2026, 4:17 pm	Company Update General	Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Re-Appointment Of Director	PDF
30 Sept 2026, 4:10 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 4:41 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
29 Sept 2026, 4:10 pm	Company Update General	Chairman Speech At The 33Rd Annual General Meeting Of The Company	PDF
22 Sept 2026, 1:08 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

Nimbus Projects Limited

Nimbus Projects Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Stock price CAGR

Return on equity

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

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Stock price CAGR

Return on equity

1

1