Nila Spaces Ltd.

•

nilaspaces.comBSE: 542231NSE: NILASPACES

Market Cap₹ 493 Cr.

Current Price

High / Low₹ 20 / 11

Stock P/E17.7

Book Value₹ 5

Price to Book3.31

Dividend Yield0.00 %

ROCE26.7 %

ROE11.1 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

View full sector analysis →

PROS

Company has delivered good profit growth of 24.8% CAGR over last 5 years
Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 6.07x)
Company generates healthy free cash flow
Working capital cycle has improved - days down from 385 to 314
Attractively priced for its growth - PEG of 0.1

CONS

A large part of profit comes from other income (40.2% of PBT)
Company has a low return on equity of 4.4% over last 3 years
Company has a low return on capital employed of 11.1%
Operating margins have contracted to 24.6% from 43.3%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DLF	670.00	37.30	165845.88	1.19	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1211.80	29.35	121085.87	0.35	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1930.00	53.93	69031.83	0.13	394.51	22.95	1074.94	12.80	13.70	59.77
4.	OBEROIRLTY	1877.50	25.96	68266.32	0.43	543.51	29.02	1300.89	31.73	17.69	56.75
5.	PRESTIGE	1579.00	59.72	68012.30	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
6.	GODREJPROP	1960.00	36.90	59040.39	0.51	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	587.90	36.57	21157.16	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	639.90	30.04	20877.33	0.23	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1331.60	112.46	14873.40	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1230.00	57.04	13155.32	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	765.70	10.32	10772.33	0.00	-16.53	-148.00	551.99	-36.24	7.49	-8.10
12.	NILASPACES	12.52	15.82	493.15	0.00	8.60	47.07	46.67	14.30	25.07	38.67

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0	0	58	32	31	32	33	40	41	42	41	39	39
	1	1	51	26	25	24	24	30	29	30	26	24	32
Operating Profit	-1	-1	7	6	6	8	9	10	12	12	15	15	15
OPM %	—	—	12.53%	18.06%	20.12%	24.76%	27.62%	25.53%	29.78%	28.40%	37.18%	37.40%	39.36%
Other Income	1	1	2	1	2	3	2	2	2	4	3	3	3
Interest	0	-0	2	2	3	4	5	4	5	6	7	6	7
Depreciation	0	0	0	1	1	1	1	1	1	1	1	1	1
	-0	-0	7	3	4	6	5	7	8	9	10	9	10
Tax %	28.57%	23.53%	26.25%	29.45%	29.36%	29.66%	27.78%	27.05%	28.00%	30.43%	30.97%	22.17%	25.25%
Net Profit	-0	-0	5	2	3	4	4	5	6	7	7	7	7
	-0	0	0	0	0	0	0	0	0	0	0	0	0
Equity Capital	39	39	39	39	39	39	39	39	39	39	39	39	39
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	20	10	88	45	5	1	91	136	161
	19	8	85	43	8	9	80	102	113
Operating Profit	9	9	9	8	2	-5	15	42	—
OPM %	48	89	10	18	43	-542	17	31	—
Other Income	9	7	6	6	5	2	4	9	13
Interest	6	5	6	4	0	0	5	16	27
Depreciation	0	0	0	0	0	0	1	5	6
	3	3	2	4	2	-6	9	21	38
Tax %	28	7	-115	92	32	28	27	28	27
Net Profit	2	3	5	0	1	-4	7	15	28
EPS	0	0	0	0	0	-0	0	0	—
Dividend Payout %	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	0	0	0	0	-0	0	0	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 9%
3 Years:: 194%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 25%
3 Years:: 128%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 47%
3 Years:: 57%
1 Year:: -16%

RETURN ON EQUITY

10 Years:: —
5 Years:: 3%
3 Years:: 4%
Last Year:: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-
Equity Capital	39	39	39	39	39	39	39	39
	78	81	86	86	88	84	90	106
Trade Payables	0	1	3	20	2	8	5	8
	73	93	20	10	4	57	98	141
Total Liabilities	191	214	148	156	133	188	233	294
ASSETS	-	-	-	-	-	-	-	-
	0	0	0	0	0	0	25	22
	28	31	27	30	15	18	3	3
	118	124	72	62	70	99	93	103
	0	0	0	0	0	0	1	1
Cash & Bank	0	3	1	0	1	12	30	9
	45	56	48	64	47	59	81	155
Total Assets	191	214	148	156	133	188	233	294
Total Debt	57	77	23	10	0	0	0	0
Net Working Capital	145	153	110	97	108	101	96	117
Contingent Liabilities	0	0	0	0	0	0	0	0
Book Value per Share	2.99	3.06	3.18	3.19	3.23	3.12	3.30	3.68
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	18	-4	34	25	-22	13	43	53
Cash from Investing	7	-7	25	-8	32	-2	-37	-41
Cash from Financing	-25	14	-60	-17	-10	-0	-4	-16
	0	3	-2	-1	0	11	2	-4
Free Cash Flow	18	-4	34	25	-22	13	17	51
OCF / Net Profit	8.29	-1.34	6.75	84.36	-16.92	-3.27	6.35	3.48
Cumulative 5-Year FCF	0	0	0	0	0	46	67	84

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	0.06	0.07	0.13	0.01	0.03	-0.10	0.17	0.39
Book Value (₹)	2.99	3.06	3.18	3.19	3.23	3.12	3.30	3.68
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	0.06	0.07	0.13	0.01	0.04	-0.10	0.20	0.52
PROFITABILITY
Operating Margin %	47.54%	88.67%	10.04%	17.74%	43.34%	-541.73%	12.11%	24.60%
Net Margin %	10.97%	28.84%	5.74%	0.65%	24.22%	-398.95%	7.46%	11.20%
ROE %	1.84%	2.34%	4.09%	0.23%	1.02%	-3.21%	5.35%	11.07%
ROCE %	5.37%	4.51%	4.97%	5.54%	1.64%	-4.45%	11.14%	26.74%
	1.13%	1.37%	2.78%	0.19%	0.89%	-2.50%	3.21%	5.78%
EFFICIENCY
Debtor Days	7	14	2	4	33	122	1	2
Inventory Days	2186	4596	409	542	4499	0	385	263
Payable Days	10	76	9	134	304	76	43	23
	2184	4533	403	411	4228	47	344	243
FINANCIAL HEALTH
Debt to Equity (x)	0.49x	0.64x	0.18x	0.08x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	1.47x	1.55x	1.37x	1.84x	8.12x	-1264.93x	2.95x	2.36x
	9.99x	9.91x	35.27x	5.61x	43.56x	2.61x	1.95x	1.81x
GROWTH
Revenue Growth %	0.00%	-51.24%	808.83%	-48.52%	-88.19%	-81.10%	8910.94%	49.71%
Operating Profit Growth %	0.00%	-9.05%	2.92%	-9.07%	-71.15%	-336.20%	380.82%	173.85%
Net Profit Growth %	0.00%	28.22%	80.85%	-94.18%	340.94%	-411.29%	268.51%	124.64%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	268.49%	124.68%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	31.43x	31.61x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.64x	3.31x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	11.95x	11.24x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.90	61.90	61.90	61.90	61.90	61.90	61.90	61.90	61.90
	0.90	0.85	0.00	0.00	0.04	0.33	0.03	0.05	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	37.20	37.25	38.09	38.09	38.05	37.77	38.07	38.05	38.09

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Record Date

2026-09-03 - Nila Spaces Limited has informed the Exchange that Record date for the purpose of 26th Annual General Meeting is 22-Sep-2026.

2026-09-03

Shareholders meeting

2026-09-03 - Nila Spaces Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Nila Spaces Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Updates

2026-09-02 - Nila Spaces Limited has informed the Exchange regarding 'update'.

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Nila Spaces Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Updates

2026-08-12 - Nila Spaces Limited has informed the Exchange regarding 'update'.

2026-08-07

Shareholders meeting

2026-08-07 - Nila Spaces Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.

2026-08-04

Copy of Newspaper Publication

2026-08-04 - Nila Spaces Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-03

Outcome of Board Meeting

2026-08-03 - Nila Spaces Limited has informed the Exchange regarding Outcome of Board Meeting held on August 03, 2026.

News

Recent coverage and analyst commentary for NILASPACES

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Nila Spaces Ltd.

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Free 5nance Account

Name

DLF

670.00

37.30

165845.88

1.19

793.90

-89.59

1280.34

-52.87

6.81

49.68

LODHA

1211.80

29.35

121085.87

0.35

1373.10

103.39

4996.70

43.10

16.89

38.51

PHOENIXLTD

1930.00

53.93

69031.83

0.13

394.51

22.95

1074.94

12.80

13.70

59.77

OBEROIRLTY

1877.50

25.96

68266.32

0.43

543.51

29.02

1300.89

31.73

17.69

56.75

PRESTIGE

1579.00

59.72

68012.30

0.13

271.40

-12.87

2675.10

15.94

11.51

31.75

GODREJPROP

1960.00

36.90

59040.39

0.51

349.38

-41.61

506.17

16.48

8.37

-57.98

ANANTRAJ

587.90

36.57

21157.16

0.17

149.19

18.50

631.40

6.58

12.23

29.53

BRIGADE

639.90

30.04

20877.33

0.23

216.94

37.35

1115.55

-12.93

11.02

32.33

ABREL

1331.60

112.46

14873.40

0.19

-34.59

-27.73

188.85

30.95

-4.54

-30.02

SOBHA

1230.00

57.04

13155.32

0.49

50.85

273.37

1278.15

50.03

6.96

6.07

SIGNATURE

765.70

10.32

10772.33

0.00

-16.53

-148.00

551.99

-36.24

7.49

-8.10

NILASPACES

12.52

15.82

493.15

0.00

8.60

47.07

46.67

14.30

25.07

38.67

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-1

OPM %

—

12.53%

18.06%

20.12%

24.76%

27.62%

25.53%

29.78%

28.40%

37.18%

37.40%

39.36%

Other Income

Interest

-0

Depreciation

-0

Tax %

28.57%

23.53%

26.25%

29.45%

29.36%

29.66%

27.78%

27.05%

28.00%

30.43%

30.97%

22.17%

25.25%

Net Profit

-0

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

136

161

102

113

Operating Profit

-5

—

OPM %

-542

—

Other Income

Interest

Depreciation

-6

Tax %

-115

Net Profit

-4

EPS

-0

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

-0

—

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

106

Trade Payables

141

Total Liabilities

191

214

148

156

133

188

233

294

ASSETS

118

124

103

Cash & Bank

155

Total Assets

191

214

148

156

133

188

233

294

Total Debt

Net Working Capital

145

153

110

108

101

117

Contingent Liabilities

Book Value per Share

2.99

3.06

3.18

3.19

3.23

3.12

3.30

3.68

Face Value

1.00

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-4

-22

Cash from Investing

-7

-8

-2

-37

-41

Cash from Financing

-25

-60

-17

-10

-0

-4

-16

-2

-1

-4

Free Cash Flow

-4

-22

OCF / Net Profit

8.29

-1.34

6.75

84.36

-16.92

-3.27

6.35

3.48

Cumulative 5-Year FCF

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

0.06

0.07

0.13

0.01

0.03

-0.10

0.17

0.39

Book Value (₹)

2.99

3.06

3.18

3.19

3.23

3.12

3.30

3.68

Dividend per Share (₹)

0.00

Cash EPS (₹)

0.06

0.07

0.13

0.01

0.04

-0.10

0.20

0.52

PROFITABILITY

Operating Margin %

47.54%

88.67%

10.04%

17.74%

43.34%

-541.73%

12.11%

24.60%

Net Margin %

10.97%

28.84%

5.74%

0.65%

24.22%

-398.95%

7.46%

11.20%

ROE %

1.84%

2.34%

4.09%

0.23%

1.02%

-3.21%

5.35%

11.07%

ROCE %

5.37%

4.51%

4.97%

5.54%

1.64%

-4.45%

11.14%

26.74%

1.13%

1.37%

2.78%

0.19%

0.89%

-2.50%

3.21%

5.78%

EFFICIENCY

Debtor Days

122

Inventory Days

2186

4596

409

542

4499

385

263

Payable Days

134

304

2184

4533

403

411

4228

344

243

FINANCIAL HEALTH

Debt to Equity (x)

0.49x

0.64x

0.18x

0.08x

0.00x

Interest Coverage (x)

1.47x

1.55x

1.37x

1.84x

8.12x

-1264.93x

2.95x

2.36x

9.99x

9.91x

35.27x

5.61x

43.56x

2.61x

1.95x

1.81x

GROWTH

Revenue Growth %

0.00%

-51.24%

808.83%

-48.52%

-88.19%

-81.10%

8910.94%

49.71%

Operating Profit Growth %

0.00%

-9.05%

2.92%

-9.07%

-71.15%

-336.20%

380.82%

173.85%

Net Profit Growth %

0.00%

28.22%

80.85%

-94.18%

340.94%

-411.29%

268.51%

124.64%

0.00%

268.49%

124.68%

VALUATION

P/E (x)

0.00x

31.43x

31.61x

P/B (x)

0.00x

1.64x

3.31x

Dividend Yield %

0.00%

0.00x

11.95x

11.24x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

61.90

0.90

0.85

0.00

0.04

0.33

0.03

0.05

0.00

DIIs

0.00

Government

0.00

37.20

37.25

38.09

38.05

37.77

38.07

38.05

38.09

Nila Spaces Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Nila Spaces Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI