Key Quantitative Figures
- AUM Growth: Total AUM reached ₹2,631 Cr in FY26, representing 67% growth
- Financial Performance (Consolidated):
- Revenue: ₹574.92 Cr
- PAT: ₹83.08 Cr
- PAT Margin: 14.45%
- Financial Performance (Core Business):
- Revenue: ₹141.07 Cr
- PAT: ₹67.76 Cr
- PAT Margin: 48.03%
- NCCCL Acquisition: 54% stake acquired in August 2025, contributing ₹655 Cr revenue
- Sponsor Capital: ₹128 Cr of sponsor capital invested across funds
- Dubai Portfolio: USD 74 Mn drawn facility from ENBD, Mashreq and FAB with ~30% NAV appreciation
- New Platforms: Ni-YAM, GIFT city feeder fund & SM REIT targeting incremental AUM exceeding ₹4,000 Cr
Dates of Action
- Investor Meeting: June 25, 2026 (10 AM to 11 AM)
- NCCCL Acquisition: August 21, 2025
- FY26 Period: April 1, 2025 to March 31, 2026
Parties Involved
- Stock Exchange: BSE Limited
- Organizer: AKMIL Strategic Advisors Private Limited
- Banking Partners: ENBD, Mashreq, FAB (Dubai facilities)
- Rating Agency: CareEdge (AIF-1 rating)
- Institutional Partners: SWAMIH, ARCIL, Phoenix
- Technology Partner: Nemetschek (Germany)
- Academic Partner: NICMAR
Business Structure & Performance
Nisus operates as a full-stack urban infrastructure solutions provider with four integrated engines:
1. Fund & Asset Management: Raises and manages institutional capital, earns management fees, generates carry
2. Investment Banking Services: Originates and closes complex deals, earns advisory fees
3. NBFC: Deploys firm capital as prop book investor into own funds
4. Construction and EPC: Executes on-ground through NCCCL acquisition
Investment Performance: Zero capital loss across 60+ investments with excellent track record:
- REAP Fund: 21.31% net yield (fully realized)
- RECOF Fund: 18.41%* expected IRR
- RESO Fund: 20.93%* expected IRR
- High Yield Growth Fund: 25-30%* expected IRR
NCCCL Integration: The 80-year old construction company acquisition has created significant synergies:
- Combined revenue platform: ₹796 Cr (Nisus ₹141 Cr + NCCCL ₹655 Cr)
- New orders: ₹313 Cr in FY26, ₹870 Cr in Apr-May'26
- Near-term pipeline: ₹1,195 Cr
- Leadership strengthened with experienced hires
Financial Position
Consolidated Balance Sheet (FY26):
- Total Assets: ₹1,005.02 Cr
- Equity: ₹23.87 Cr
- Reserves: ₹240.19 Cr
- Minority Interest: ₹126.36 Cr
- Trade Receivables: ₹301.66 Cr (includes ₹89.7 Cr retention money)
- Cash & Bank Balance: ₹25.22 Cr
Financial Ratios:
- Debt Equity Ratio: 0.97 (Consolidated), 0.32 (Core business)
- Interest Coverage Ratio: 5.16 (Consolidated), 11.87 (Core business)
- ROCE: 27.78% (Consolidated), 33.2% (Core business)
- ROE: 26.20% (Consolidated), 26.5% (Core business)
FY27 Outlook
Two scenarios presented based on macro conditions:
Stabilization Case:
- West Asia conflict stabilizes Q2 FY27
- AUM: ₹4,500-5,000 Cr
- Revenue: ₹130-150 Cr (8%-25% growth)
- PAT: ₹65-75 Cr
Recovery Case:
- West Asia conflict de-escalates Q1 FY27
- AUM: ₹5,500-6,000 Cr
- Revenue: ₹170-200 Cr (41%-66% growth)
- PAT: ₹85-100 Cr
The company emphasized that "Regardless of which scenario unfolds — Investor capital is protected. Growth is what the scenario determines. Safety is not."
Governance & Recognition
- Certified as Great Place to Work® for 2025 & 2026
- Workforce grew from 24 (FY24) to 50 (FY26) with 15-member Dubai team
- Multiple industry awards including Real Estate Investment Company of the year (Gulf Business Awards)
- CareEdge AIF "1" grading for Real Estate Special Opportunities Fund–I
- India's first AIF to receive BBB+ investment-grade credit rating from CareEdge
Investor Meeting Details
- Date: June 25, 2026
- Time: 10 AM to 11 AM
- Venue: Mumbai
- Event: The Exchange 2026 – Niveshak Samvad Roadshow
- Mode: Physical Roadshow
- Organizer: AKMIL Strategic Advisors Private Limited
- Disclaimer: Only public domain information will be shared, no UPSI will be discussed
Note: The meeting date is subject to change due to exigencies on the part of the Company or Organizer.