Shares of this infrastructure company clocked 5 percent upper circuit in Monday’s trading session after reporting a transition from loss to profit YoY. In one year, the shares have delivered a multibagger return of 180 percent to its shareholders. 

With a market capitalisation of Rs. 551 crores, the shares of Nila Infrastructures Ltd started Monday’s trading session on a higher note at Rs. 13.90 compared to its previous close of Rs. 13.40. During the trading session, the shares clocked a 5 percent upper circuit at Rs. 14.05. 

Such a bullish movement in the share price was observed after the company announced their October to December results. Looking at the consolidated financial statements, the revenue decreased by 12 percent from Rs. 39.16 crores during the September quarter to Rs. 34.31 crores in the December quarter. On a contrasting note, the net profits increased by 30 percent from Rs. 2.48 crores to Rs. 3.21 crores during the same period. 

Comparing these metrics on a YoY basis, the revenue zoomed by 21 percent from Rs. 28.46 crores during Q3FY23 to Rs. 34.31 crores in Q3FY24. In addition, the net profits showcased a transition from a net loss of Rs. 6.65 lakhs to a net profit of Rs. 3.21 crores during the same timeframe. 

As of March 31, 2023, the company has an order book of Rs. 638.99 crore. The company gets 93 percent of orders for affordable housing and the remaining 3 percent for civic urban infrastructure. 

Coming onto the company’s important financial ratios, the return on equity was at 0.98 percent in FY22-23 and the return on capital employed was recorded at 5.98 percent during the same period. Furthermore, the net profit margin was 1.13 percent in FY22-23. 

According to the latest shareholding pattern, the Promoters have 61.96 percent of stakes, Retail Investors hold 37.17 percent of shares and the remaining 0.94 percent of stakes are with the FIIs. 

Nila Infrastructures Limited incorporated in 1990, is a flagship unit of the Ahmedabad-based Sambhaav Group. The company is involved in the construction of Affordable Housing Projects, and the development of various infrastructures. The company has its presence mostly in Gujarat and Rajasthan. 

Written by Vaibhav Patil 


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