Nyssa Corporation Ltd Management Discussions.


The outbreak of the COVID-19 pandemic in March 2020 along with the national lockdown in India disrupted economic activities including demand and supply chain resulting in a significant slowdown of the Indian economy.

With the staggered unlocking measures from May/ June 2020 onwards some normalcy started getting restored. The manufacturing sector witnessed a fast recovery from second quarter of 2020-21 coupled with a revival of consumer demands during the festive season. Widespread monsoon with healthy crops and increased rural demand also helped recovery of the Indian economy in the second half of last fiscal. The service sector was more vulnerable than manufacturing. Indian economy as per the second advance estimates is estimated to have contracted at (8%) during 2020-21 compared to a growth of 4% in 2019-20.

A sharp surge in the cases during the second wave of Covid-19 since the second week of April 2021 had lead to many state governments announcing strict lockdowns / restrictions on movement etc. and this is affecting the economic activity especially of Micro, Small and Medium Enterprises. Economic impact of the second wave could intensify in the next few weeks due to lower mobility. The overall impact of the second wave on the economy is difficult to assess presently, but it is likely to negatively affect GDP growth in the first quarter.

With emergence of strong second wave of Covid-19 pandemic, the Indian economy is now projected to grow at about 10% during fiscal 2021-2022.


The company is in the business of commerce of real estate development. The Company is constantly working towards achieving further improvements in the quality and technological & operational efficiencies of its products, projects and processes.



It is believed that the demand for Real Estate shall be strong in medium to Long Term. While the government regulation initiatives like Housing for all and the Smart Cities concept shall create opportunities and improve the demand for Real Estate. The Real Estate sector also awaits policy reforms to gain momentum in the economy.

Risks and Concerns:

Also due to COVID-19 the Increased cost of manpower; rising cost of construction and Over regulated environment is a concern to your Company.


Pursuant to provisions of Regulation34 (3) of SEBI (LODR) Regulation, 2015 read with Schedule V part B(1) details of changes in Key Financial Ratios is given hereunder:

S. NO. Key Financial Ratio FY 2020-21 *FY 2019-20
1. Debtors Turnover Ratio Times 0.12 0.21
2. Inventory Turnover Ratio Times 0.28 1.76
3. Interest Coverage Ratio Times NA NA
4 Current Ratio Times 3.35 2.11
5. Debt Equity Ratio Times NA NA
6. Operation Profit Margin % 9.65 15.62
7. Net Profit Margin % 5.56 12.01
8. Change in Return on Net Worth % 2.32 0.76


*Previous years Figures have been regrouped / rearranged wherever necessary


The financial performance of the Company has declined in the year under review.


During the year under review, the Company has posted Total Revenue of INR .10,19,76,494 as against for the corresponding previous year of INR. 2,89,17,896.

Further, the Company earned Total Comprehensive Income INR. 57,26,391 as against total Comprehensive Income of INR. 18,35,409 for the corresponding previous year.


During the year under review, the Company has posted Total Revenue of INR.10,86,20,092 as against for the corresponding previous year of INR. 6,43,15,840.

Further, the Company earned total Comprehensive Income INR. 56,76,456 as against Total Comprehensive Income of INR. 18,37,143 for the corresponding previous year.


The Company considers that its relationship with its employees is vital and ensures that employees feel valued and is endeavoring to create an environment and culture within which every employee can put his best efforts and maximize his contribution.

The Company ensures that all its employees remain competent through education, skills, training and experience as necessary. The Company has had cordial relations between the management and employees and an atmosphere of harmonious working to achieve the business objectives of the Company throughout the year. The Company is poised to motivate each of its employees to perform to the fullest extent possible and to appropriately reward their excellence.


The Company uses the services of a fairly good team of Engineers, Architects, Contractors, Suppliers and Legal Advisors. The people employed by the Company and other agencies working for the project, are technically qualified/competent and help in successful and timely execution of projects.


Statements in this report on Management Discussion and Analysis describing the Companys objectives, projections, estimates, expectations or predictions are within the meaning of applicable laws or regulations. These statements are based on certain assumptions and reasonable expectation of future events. Actual results could however differ materially from those expressed or implied. Important factors that could make a difference to the Companys operations include changes in the government regulations, tax laws, statues and other incidental factors as applicable to the Company.