Announcement
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 30 Sep - M/s Doogar & Associates appointed statutory auditor for five years from 33rd AGM to 38th AGM in 2031.
Source: Bse
Nimbus Projects Limited (NIMBSPROJ)
Small CapReal Estate stocks · Small cap · NSE
Nimbus Projects Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 11:46 am ISTDetails
Quote21 Oct, 11:46 am IST
Base fundamentals06 Oct 2026 · screener
Latest result12 Aug, 09:30 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens
Trend score and candlestick chart
53NeutralSMA20 +14.5% / mo · MACD − · sector -5.4pp vs Nifty 500 (3M)
Stock trend: 59
Sector RS: 44
Sector 3M: -11.0% vs Nifty 500 -5.6%
Real Estate FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
NIMBSPROJD candles · FIT view-2.6%TODAY · PROVISIONALLatest price ₹189.00 on 2026-10-21
Daily history is available from 2026-04-06; the requested 1Y window is partially covered. Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-0.1%
RSI
54
MACD hist
-0.50
52W pos
53%
2026-10-21O ₹189.14H ₹189.14L ₹189.00C ₹189.00Vol 12 shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
NIMBSPROJNifty RealtyNifty 500
- NIMBSPROJ
- -1.4%
- Nifty 500
- -5.6%
- Nifty Realty
- -11.0%
- Vs Nifty 500
- +4.2 pp
Chart stats
19 Oct 2026- From 52W high
- -16.4%
- 52W range position
- 58%
- ATR (14)
- 5.8%
- Volume vs 20D
- 0.09x
- Avg traded value
- ₹0.4 Cr
- 20D price channel
- ₹174 - ₹203.6
₹231.2
₹141 - ₹231.2
₹11.3
Latest completed session
20-session average
34.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED23
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -20.5% · PAT NDF YoY
Technical
Neutral53
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence52
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -21% YoY · margin expansion
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3.1 Cr | -20.5% | -98.6% |
| EBITDA | ₹-11.8 Cr | +75.1% | +51.0% |
| Operating margin | -380.0% | +83103 bps | -36899 bps |
| PAT | ₹3.3 Cr | NDF | NDF |
| PAT margin | 105.2% | +101721 bps | +11944 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 1.30
- EV/EBITDA
- —
- Market Cap
- 362.00Cr
Profitability
- ROE
- -18.40%
- ROCE
- -6.78%
- ROA
- -4.02%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 118.00%
- EPS 5Y
- 44.00%
- Revenue 3Y
- 236.00%
- EPS 3Y
- 82.00%
Balance Sheet
- Debt/Equity
- 0.97
- Interest Coverage
- -2.08×
- Altman Z
- 0.65
- Book Value
- 144.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- -23.00 Cr
- EPS TTM
- -20.67
Shareholding
- Promoter Hold
- 70.50%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 28%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 226+28.4% vs prev
Net Profit
₹ CrLatest: -88.0-237.5% vs prev
Return on Equity
%Latest: -31.6-237.0% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bullish setupTrend is constructive — long-term trend unclear. RSI 54.
- SMA20 rising (~12.4% over last month) — short-term momentum positive.
- RSI(14) at 54 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 18% off 52W high · 34% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
63
RS percentile
Insufficient history
1M return
+4.2%
3M return
-1.4%
6M return
+0.1%
1Y return
-
RS 1D
+4
RS 20D
-
Sector rank
#18
Industry rank
#71
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price above
200-DMA
unavailable
Sector
lagging
Industry
lagging
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
136 observations
19 Oct 2026Value 93.43+2.38%
RS vs Nifty 50093
Valuation & peers
U-Score 23 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 23 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation3/30
Growth16/25
Quality0/20
Balance Sheet3/15
Cash Flow3/10
Piotroski
3/9 (+1)
Penalties
-3
Raw sum
23
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
23/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 16/25 to the score.
- Cash flow contributes 3/10 to the score.
- Balance sheet contributes 3/15 to the score.
Main drags
- Altman Z is 0.7, in distress territory.
- Penalty bucket subtracts 3 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
—
PB
1.3
EV/EBITDA
—
ROE
-18.4%
ROCE
-6.8%
FCF Yield
—
Debt/Equity
1.0
MoS
—
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
23
Previous: 23
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
23
23
23
23
23
23
23
23
23
23
23
23
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
33.3
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Real Estate — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MBLINFRA
Small
MBL Infrastructure Limited
Real Estate
match 180
21
—
-7.2%
—
OVERVALUED
EMAMIREAL
Small
Emami Realty Limited
Real Estate
match 179
17
—
—
—
OVERVALUED
RPPINFRA
Small
R.P.P. Infra Projects Limited
Real Estate
match 176
16
122.0
1.9%
-1360%
OVERVALUED
NILAINFRA
Small
Nila Infrastructures Limited
Real Estate
match 174
67
10.6
12.9%
+69%
UNDERVALUED
RUDRA
Small
Rudra Global Infra Products Limited
Real Estate
match 173
45
11.5
10.4%
+64%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Nimbus Projects Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
52Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 10th percentile of the scored universe and 22nd percentile within Real Estate. Main check: results consistency is weak at 17/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
10th percentile
overall median 67 · Real Estate: 22nd pctile, median 61 · Small: 12th pctile, median 66
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
47
watch · leverage and solvency
Discipline
48
watch · capital discipline
Results
17
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 70.5%.
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
Trust risks
- ▸Operating cash flow is negative at ₹-23 Cr.
- ▸Altman Z is 0.60.
- ▸4 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at -13.5%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Nimbus Projects Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Sep - Newspaper publication - Intimation regarding opening of a special window for Transfer and Dematerialization of physical securities
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep - Newspaper Advertisement regarding 33rd Annual General Meeting of the Company through Video Conferencing / Other Audio Visual Means ('VC/OAVM')
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.