Nis Management posts ₹5.09 cr loss on labour-code charge
The audited results confirm a year swung to loss by a ₹27.82 cr exceptional item. Of the ₹51.75 cr IPO proceeds raised in September, ₹36.91 cr sits idle in bank accounts.
— 7 earlier stories on Nis Management Ltd. →What's new
- Standalone net loss of ₹5.09 cr vs prior-year profit of ₹15.23 cr, due to ₹27.82 cr exceptional charge.
- Consolidated revenue rose to ₹435.40 cr from ₹402.17 cr but group posted a loss of ₹1.85 cr.
- ₹36.91 cr of ₹51.75 cr IPO proceeds still in fixed deposits and current accounts.
Why this matters
The loss was already flagged, so no surprise. What stands out is the idle IPO cash: ₹36.91 cr of the ₹51.75 cr raised six months ago remains unutilised. For a ₹95 cr market-cap company, unproductive cash drags on returns and raises questions about capital allocation.
What we're watching
- Whether FY27 revenue growth of 12-15% (down from earlier 20%) is achievable.
- Deployment of the idle IPO proceeds.
- Any further exceptional charges from labour-code or other provisions.
The full read
Nis Management's audited numbers confirm what the market already knew: a one-off ₹27.82 cr labour-code charge blew a hole in profits, flipping a ₹15.23 cr profit into a ₹5.09 cr standalone loss. Consolidated revenue rose to ₹435.40 cr from ₹402.17 cr, but the group still ended in the red at ₹1.85 cr loss. The real surprise is the cash. Of the ₹51.75 cr raised in its September 2025 BSE SME IPO, ₹36.91 cr remains parked in fixed deposits and bank accounts. For a company with a ₹95 cr market cap, that is a large unproductive asset. Management has already cut FY27 growth guidance to 12-15% from an earlier 20%. The open question is whether they can put that cash to work before it becomes a drag on returns.
Questions answered
- Why did Nis Management report a net loss despite higher revenue?
- A ₹27.82 cr exceptional charge related to new labour code provisions wiped out operating profits. Without it, standalone net profit would have been positive.
- How much of the IPO proceeds have been used so far?
- Of the ₹51.75 cr raised in September 2025, a portion has been utilized; the remaining ₹36.91 cr is still in fixed deposits and current accounts.
- What is the company's revenue growth trend?
- Consolidated revenue grew to ₹435.40 cr in FY26 from ₹402.17 cr. But management has cut FY27 growth guidance to 12-15% from about 20% earlier.
- Is Nis Management profitable on an operating basis?
- Yes, excluding the one-off charge, standalone operations were profitable. The consolidated loss of ₹1.85 cr is also driven by the exceptional item; other segments appear to be near breakeven.
- What is the market cap and how does the cash pile compare?
- Market cap is about ₹95 cr, while idle IPO cash stands at ₹36.91 cr.
Nis Management Ltd.
Latest quarter · Mar 2026
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All notes on 169 →- 20 Jun 2026 · 5:15 PM IST Nis Management posts ₹5.09 cr loss on labour-code charge
- 1d ago Nis Management lands ₹11.9 cr WBSEDCL security contract
- 27d ago Nis Management wins ₹15 cr Reliance renewal, 15% of its market cap
- 27d ago Nis Management’s Q4 call adds no new numbers to a story the market already had.
- 30d ago Nis Management cuts FY27 growth forecast to 12-15% from 20%