#### Company Overview

Nila Infrastructures Limited, incorporated on February 26, 1990, and becoming a public company in 1994, is a prominent Gujarat-based infrastructure and real estate developer. Promoted by Manoj Vadodaria and Kanubhai Vadodaria, the company is part of the Sambhaav Group, with Manoj B. Vadodaria serving as Chairman and Managing Director. It has established a strong presence in urban development, Engineering, Procurement, and Construction (EPC) projects, and the development of residential and commercial properties.

#### Business Operations and Project Portfolio

The company's core business involves constructing and developing a diverse range of infrastructure and real estate projects across India. This includes civic urban infrastructure such as bus stations, multilevel parking facilities, medical colleges, bus ports, and office complexes. Nila Infrastructures is also involved in industrial EPC and development, dormitory projects, media utilities, and Public-Private Partnership (PPP) initiatives.

Furthermore, the company undertakes the development of residential real estate properties, offering everything from affordable flats to premium apartments. It also constructs and leases commercial properties. A significant area of their work includes slum rehabilitation and development projects, often in collaboration with government authorities.

Nila Infrastructures has successfully executed numerous projects, showcasing its capabilities in public infrastructure development. Notable completed projects include GSRTC Bus Terminals at Amreli and Modasa (on PPP basis), an Integrated Group Housing facility, PMC Office Building for Adani Ports and Special Economic Zone Ltd, Vadodara Urban Development Authority (VUDA) Sewasi projects, Adani Pratham Ahmedabad, BRTS (Phase 1 & Phase 2) in Ahmedabad, Bus Shelters for AMTS & RMC in Ahmedabad & Rajkot, RJD Textile Park Surat, and various residential projects like Applewood Township, Venus IVY, Atuulyam, Asmaakam, Anaahata, Anvayaa, and Anuraadhaa in Ahmedabad.

#### Financial Performance and Market Position

As of May 15, 2025, Nila Infrastructures holds a market capitalization of ₹478 crores, classifying it as a Small Cap company. The stock is traded on the NSE under the symbol "NHI" and on both exchanges under "NILAINFRA". The company's 52-week high was ₹17.32, and the 52-week low was ₹8.12.

The P/E ratio stood at 22.00 times, offering a slight discount of 9% compared to its peers' median of 24.25 times. Similarly, the P/B ratio was 2.75 times, showing a marginal 1% discount against the peer median of 2.77 times.

The company has reported robust financial performance in recent quarters. For Q3 FY25, consolidated net profit surged by 53% to ₹4.91 crore on a 52.6% increase in revenue to ₹52.34 crore, compared to Q3 FY24. In Q4 FY25, revenue saw a substantial year-over-year jump of 28.66% to ₹117.25 crores, and on a quarterly basis, revenue increased by 109.23%. For the full financial year FY25, Nila Infrastructures reported total revenue of ₹247 crores and a profit of ₹20.5 crores.

#### Key Financial Metrics

- Q3 FY25 Performance: Revenue ₹52.34 crores (up 52.6% YoY), Net Profit ₹4.91 crores (up 53% YoY)

- Q4 FY25 Performance: Revenue ₹117.25 crores (up 28.66% YoY), Net Profit ₹5.36 crores (up 0.56% YoY)

- FY25 Full Year Performance: Revenue ₹247 crores, Net Profit ₹20.5 crores

- Market Capitalization: ₹478 crores (as of May 2025)

- Promoter Holding: 61.9%

#### Recent Developments and Strategic Initiatives

Nila Infrastructures recently secured a significant contract valued at ₹63.52 crore from Shree Infracon (SIPL) for the finishing work of a redevelopment project. This project, initiated by the Ahmedabad Municipal Corporation (AMC) under the Slum Rehabilitation and Redevelopment Policy 2013 and Pradhan Mantri Awas Yojana (PMAY), aims to provide 1,694 residential flats for slum dwellers. Nila Infrastructures will manage both material and labor for the finishing work, with a completion timeline of 10 months, and will also be responsible for seven years of operation and maintenance defect liability.

In May 2025, the company reported its audited FY25 results, highlighting profit growth and appointing new auditors for upcoming terms. Nila Infrastructures has made efforts to reduce its debt levels, though it maintains a relatively low return on equity of 7.32% over the last 3 years.

#### Ownership Structure

The promoter holding in Nila Infrastructures Ltd stands at 61.9%. Importantly, there is no promoter pledging, indicating a clean ownership structure without concerns regarding promoters raising funds against their shares.

Nila Infrastructures Ltd represents a focused player in the infrastructure and real estate development sector with a strong presence in Gujarat. The company's consistent engagement in government projects, particularly in urban infrastructure and affordable housing schemes, positions it well to benefit from ongoing urbanization and infrastructure development initiatives in the region.