NIS Management Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 3 Aug 2026 | Other Consumer Services | Market Cap: ₹95 Cr

Significant revenue increase expected in 2027, with an anticipated growth of about 20% due to recently booked contracts starting between late 2025 and 2026. Revenue expected to increase by ~20% in 2026 with benefits of recently won contracts, with more significant growth in 2027.

From NIS Management Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹51

Market Cap

₹95 Cr

P/E Ratio

3.9

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NIS Management Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Sep 2025

Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹103 Cr, net profit ₹3 Cr.

Full financials →

📊 Revenue & Sales Performance

→Significant revenue increase expected in 2027, with an anticipated growth of about 20% due to recently booked contracts starting between late 2025 and 2026.
→Current year (2025) to see revenue growth of 10-12% supported by manpower addition and minimum wage revisions.
→Growth driven by integrated facility management contracts expanding from security and housekeeping.
→Strong traction and high margins expected from AI-driven CCTV camera installations and related technology services, with 10-15% rise in CCTV revenue anticipated over the next year.
→Expansion into private sector corporate clients to supplement government contracts.
→Geographical expansion ongoing, with growing presence in Maharashtra and Gujarat.
→Long-term industry growth favorable: Indian facility management sector projected to reach USD 61 billion by 2030, and video surveillance market from USD 4.4 billion in 2025 to USD 7.1 billion by 2030.
→Retention of existing government contracts remains high, supporting steady recurring revenue streams.

📈 Profitability & Margins

→Revenue expected to increase by ~20% in 2026 with benefits of recently won contracts, with more significant growth in 2027.
→EBITDA margin guidance for FY26 forecasted between 7.5% to 7.7%, improving to near 8% in FY27.
→Margins expected to increase alongside revenue growth due to integrated facility management contracts and AI-driven CCTV analytics.
→EPS growth: H1 FY26 EPS at 6.42 INR, up 6.12% YoY; standalone FY26 EPS at 5.73 INR, up 32.03% YoY, indicating upward trajectory.
→Continuous addition of manpower (~600 employees annually) supporting revenue growth.
→Growth drivers include expansion in government contracts, private sector facility management, and technological integration like AI-based CCTV.
→EBITDA expected to rise from INR27 crores in FY25 to higher levels due to focus on higher-margin contracts and operational efficiencies.

🏗️ Capital Expenditure Plans

→Major capex was completed last year.
→Currently, no significant consolidated capex expected except:
→ - Potential INR 5-6 crores investment over two years for a command and control center with a private bank.
→ - Machinery purchases of about INR 1.5 crores related to ongoing contracts.
→ - Possible additional machinery capex of INR 2-3 crores next year if two other bids materialize.
→Strategic investments focus on:
→ - Expansion into integrated facility management contracts to boost revenue and margins.
→ - Growth in AI-driven CCTV installations with partners, targeting higher-margin subscription revenue.
→ - Geographical expansion, particularly in Maharashtra and Gujarat.
→Use of IPO funds planned for driving integration and technology enhancements.

💰 Fundraising & Capital Structure

→Currently, there is no indication of significant new capex requiring large debt, except a potential INR 5-6 crores capex for a command and control center over two years.
→No explicit mention of new fundraising through equity.
→The company is actively working to reduce existing debt and improve debt-to-equity ratio toward about 40% in the next 2-3 years.
→Interest rates on borrowings have been successfully reduced post-IPO, with expectations for further reductions as credit rating improves to A-minus.
→No statements suggest plans for raising additional equity or large-scale borrowing; focus remains on leveraging current liquidity and optimizing existing debt.

📋 Order Book & Pipeline

→The current contracted turnover from retained government contracts (security, facility management, housekeeping) is around INR 373 crores, expected to be stable.
→New manpower additions of 400 to 600 employees are planned, supporting 10-12% revenue growth.
→Current bid pipeline for CCTV projects is around INR 14 to 15 crores with two tenders coming in November and more expected by January.
→Revenue from CCTV rentals is expected at INR 7 crores this year; additional ongoing contracts include orders worth INR 3.5 crores and INR 2 crores.
→Tender sizes vary from INR 5 crores to 25 crores in manpower contracts and INR 3 crores to INR 14 crores in technology areas.
→Retention rate of government contracts is very high, averaging about 7-8 years, with some contracts over 10 years.
→Significant order wins were reported in the recent months, with expectations of about 20% revenue growth in 2027 as these contracts mature.

Key Metrics

Frequently Asked Questions

What were NIS Management Ltd Q2 FY26 results?

What is NIS Management Ltd share price analysis?

NIS Management Ltd currently shows a neutral. The stock trades at a P/E of 3.9 with a market cap of ₹95 Cr. Investors should review the full earnings analysis for detailed insights.

Is NIS Management Ltd planning capital expenditure?

Major capex was completed last year.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.