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NIRMAAN · NSE · Infrastructure · Construction & Engineering
₹3,598.40
+55.65(+1.57%)Updated 25 Sept 2026, 9:52 am · Real-time
NSE
₹3,598.40
BSE
₹3,600.20
Last 30 trading sessions (14 Aug 2026 – 24 Sept 2026)
Open
₹3,548.00
Previous Close
₹3,542.75
Day Range
₹3,540.00 – ₹3,605.00
52W Range
₹3,110.20 – ₹3,900.65
Volume
28.09 L
Market Cap
₹4,95,830 Cr
P/E Ratio
10.13
Dividend Yield
+0.01%
Headquarters
Kolkata, India
Incorporated
18 Jun 1994
Employees
11,860
Website
www.nirmaan-infra-projects-ltd.example
Nirmaan Infra Projects Ltd operates in the construction & engineering space within the broader infrastructure sector, serving customers across India with a focus on operational efficiency and steady capacity expansion.
| Name | Ownership | Business |
|---|---|---|
| Nirmaan Infra Services Pvt Ltd | 100% | Support operations for the construction & engineering business |
Among the established players in the construction & engineering segment, with a diversified customer base and a track record of steady execution.
Nisha Chatterjee
Chairman (Non-Executive, Promoter)
Since 13 Jul 2008
Karan Rao
Managing Director & CEO
Since 03 May 2011
Meenal Pillai
Chief Financial Officer
Since 12 Nov 2014
| Name | Designation | Since |
|---|---|---|
| Nisha Chatterjee | Chairman (Non-Executive, Promoter) | 13 Jul 2008 |
| Karan Rao | Managing Director & CEO | 03 May 2011 |
| Vikram Rathod | Independent Director | 12 Mar 2020 |
| Sanjay Bhatt | Independent Director | 10 Feb 2021 |
| Deepak Subramaniam | Independent Director | 11 Apr 2022 |
| Sanjay Kapoor | Independent Director | 10 Jan 2023 |
18 Jun 1994
Incorporation
Nirmaan Infra Projects Ltd incorporated as a private limited company in Kolkata.
05 Aug 2006
Public Listing
Listed on NSE via IPO to fund capacity expansion.
12 May 2018
Growth Milestone
Crossed a key annual revenue milestone, reflecting steady growth in the infrastructure business.
| Metric | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,03,852 Cr | ₹1,09,566 Cr | ₹1,29,764 Cr | ₹1,09,694 Cr | ₹1,21,474 Cr | ₹1,31,743 Cr | ₹1,50,719 Cr | ₹1,24,903 Cr |
| Revenue Growth (YoY) | +11.80% | +13.77% | +12.54% | +10.19% | +11.29% | +10.26% | +10.28% | +10.58% |
| Operating Profit | ₹11,112 Cr | ₹11,987 Cr | ₹14,780 Cr | ₹12,955 Cr | ₹15,063 Cr | ₹16,112 Cr | ₹19,865 Cr | ₹15,788 Cr |
| Operating Margin | +10.70% | +10.94% | +11.39% | +11.81% | +12.40% | +12.23% | +13.18% | +12.64% |
| EBITDA | ₹16,305 Cr | ₹17,465 Cr | ₹21,268 Cr | ₹18,439 Cr | ₹21,136 Cr | ₹22,699 Cr | ₹27,401 Cr | ₹22,033 Cr |
| EBITDA Margin | +15.70% | +15.94% | +16.39% | +16.81% | +17.40% | +17.23% | +18.18% | +17.64% |
| Profit Before Tax | ₹10,801 Cr | ₹11,658 Cr | ₹14,391 Cr | ₹12,626 Cr | ₹14,698 Cr | ₹15,717 Cr | ₹19,413 Cr | ₹15,413 Cr |
| Net Profit | ₹8,100 Cr | ₹8,743 Cr | ₹10,793 Cr | ₹9,469 Cr | ₹11,024 Cr | ₹11,788 Cr | ₹14,559 Cr | ₹11,560 Cr |
| Net Profit Margin | +7.80% | +7.98% | +8.32% | +8.63% | +9.07% | +8.95% | +9.66% | +9.25% |
| EPS (₹) | 58.79 | 63.45 | 78.33 | 68.72 | 80.00 | 85.55 | 105.66 | 83.89 |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | ₹2,77,483 Cr | ₹3,26,417 Cr | ₹3,80,716 Cr | ₹4,40,241 Cr | ₹5,13,629 Cr |
| Total Expenses | ₹2,49,734 Cr | ₹2,92,143 Cr | ₹3,38,837 Cr | ₹3,90,715 Cr | ₹4,49,635 Cr |
| Operating Profit | ₹27,748 Cr | ₹34,274 Cr | ₹41,879 Cr | ₹49,526 Cr | ₹63,994 Cr |
| Operating Profit Margin | +10.00% | +10.50% | +11.00% | +11.25% | +12.46% |
| Profit Before Tax | ₹27,193 Cr | ₹33,621 Cr | ₹41,117 Cr | ₹48,645 Cr | ₹62,967 Cr |
| Net Profit | ₹20,395 Cr | ₹25,216 Cr | ₹30,838 Cr | ₹35,659 Cr | ₹46,840 Cr |
| EPS (₹) | 148.01 | 183.00 | 223.80 | 258.79 | 339.93 |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Total Assets | ₹1,20,119 Cr | ₹1,57,405 Cr | ₹2,11,673 Cr | ₹2,57,354 Cr | ₹3,32,329 Cr |
| Total Liabilities | ₹55,224 Cr | ₹71,077 Cr | ₹99,134 Cr | ₹1,14,504 Cr | ₹1,49,666 Cr |
| Total Equity | ₹64,894 Cr | ₹86,327 Cr | ₹1,12,540 Cr | ₹1,42,850 Cr | ₹1,82,664 Cr |
| Total Debt | ₹32,511 Cr | ₹40,863 Cr | ₹59,745 Cr | ₹64,507 Cr | ₹85,733 Cr |
| Cash & Equivalents | ₹8,516 Cr | ₹9,564 Cr | ₹10,755 Cr | ₹12,199 Cr | ₹14,796 Cr |
| Net Worth | ₹64,894 Cr | ₹86,327 Cr | ₹1,12,540 Cr | ₹1,42,850 Cr | ₹1,82,664 Cr |
| Debt to Equity | 0.50 | 0.47 | 0.53 | 0.45 | 0.47 |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹30,107 Cr | ₹36,640 Cr | ₹44,163 Cr | ₹51,067 Cr | ₹64,817 Cr |
| Investing Cash Flow | ₹-18,036 Cr | ₹-21,217 Cr | ₹-24,747 Cr | ₹-28,616 Cr | ₹-33,386 Cr |
| Financing Cash Flow | ₹-11,342 Cr | ₹-14,375 Cr | ₹-18,226 Cr | ₹-21,007 Cr | ₹-28,835 Cr |
| Free Cash Flow | ₹12,070 Cr | ₹15,423 Cr | ₹19,417 Cr | ₹22,451 Cr | ₹31,431 Cr |
| Net Cash Flow | ₹728 Cr | ₹1,048 Cr | ₹1,191 Cr | ₹1,445 Cr | ₹2,596 Cr |
P/B Ratio
2.71
Price / Sales
0.94
Debt to Equity
0.47
EPS (TTM)
₹355.11
Book Value / Share
₹1,325.65
Current Ratio
1.30
ROE
+26.79%
ROCE
+24.90%
ROA
+14.72%
Operating Margin
+12.64%
Net Profit Margin
+9.25%
Revenue Growth
+16.77%
Profit Growth
+31.87%
Nirmaan Infra Projects Ltd announces new facility in infrastructure segment
The company shared an update on its ongoing new facility initiative aimed at strengthening its position in the infrastructure sector.
Board approves unaudited financial results for Q1 FY27
The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
Q1 FY27 earnings conference call - transcript and recording
Transcript and audio recording of the earnings call held with analysts following the Q1 FY27 results.
Intimation of Board Meeting on August 14, 2026
Intimation that the Board will meet to consider Q1 FY27 unaudited financial results.
Investor presentation - FY26 performance and FY27 outlook
Presentation covering FY26 annual performance and FY27 growth outlook shared at the investor day.
Nirmaan Infra Projects Ltd outlines FY27 growth plan
Management outlined its FY27 growth roadmap, including planned capex and new infrastructure initiatives.
Board approves audited results for FY26 and recommends final dividend
The Board approved the audited FY26 results and recommended a final dividend of Rs 0.51 per share.
Update on construction & engineering operations
The company provided an operational update on its construction & engineering business.
| Type | Action Date | Ex Date | Details | Value |
|---|---|---|---|---|
| Board Meeting | 24 Oct 2026 | — | Board meeting scheduled to consider Q2 FY27 unaudited financial results. | — |
| AGM | 25 Jul 2026 | — | Annual General Meeting held virtually to approve FY26 accounts and final dividend. | — |
| Board Meeting | 14 Aug 2026 | — | Board meeting to approve unaudited financial results for Q1 FY27. | — |
| Final Dividend | 28 Apr 2026 | 19 May 2026 | Final dividend for FY26 recommended by the Board and approved at the AGM. | Rs 0.51 per share |
| Interim Dividend | 08 Nov 2025 | 21 Nov 2025 | Interim dividend for FY26 approved by the Board. | Rs 0.20 per share |
| Final Dividend | 22 Apr 2025 | 13 May 2025 | Final dividend for FY25 approved at the AGM. | Rs 0.43 per share |
| Date | Party | Quantity | Price | Value (₹ Cr) | Type |
|---|---|---|---|---|---|
| 18 Sept 2026 | Kotak Emerging Equity Fund | 27.56 L | ₹3,562.42 | 981.74 | Buy |
| 22 Aug 2026 | Karan Family Office | 13.78 L | ₹3,490.45 | 480.96 | Sell |
| Date | Party | Quantity | Price | Value (₹ Cr) | Type |
|---|---|---|---|---|---|
| 12 Sept 2026 | Morgan Stanley Asia (Singapore) Pte | 41.34 L | ₹3,544.42 | 1,465.18 | Buy |
| Date | Party | Quantity | Price | Value (₹ Cr) | Type |
|---|---|---|---|---|---|
| 20 Aug 2026 | Karan Rao (Managing Director & CEO) | 68,896 | ₹3,454.46 | 23.80 | Buy |
| 15 May 2026 | Meenal Pillai (CFO) | 41,338 | ₹3,310.53 | 13.68 | Sell |
Shares moved higher amid positive sentiment across the infrastructure sector.
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| VINDHYAVindhya Steel Ltd | ₹3,66,422 Cr | ₹1,838.02 | 8.12 | 3.10 | +27.88% | +22.22% | +32.45% |
| MALWAMalwa Software Ltd | ₹6,67,252 Cr | ₹4,602.94 | 7.57 | 3.33 | +19.25% | +10.61% | +23.78% |
RSI (14)
72.72
MACD
37.56
MACD Signal
31.93
MACD Histogram
5.63
SMA 20
₹3,467.40
SMA 50
₹3,398.05
SMA 100
₹3,259.36
SMA 200
₹3,016.64
EMA 20
₹3,475.66
EMA 50
₹3,415.39
Pivot Point
₹3,548.99
Resistance Levels
Support Levels
Computed from the last 30 trading sessions ended 2026-09-24; pivot and support/resistance use the classic pivot formula on that day's OHLC.
Overall Stock Health
Out of 100, weighted across 5 factors
