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Nila Spaces Ltd.
(NILASPACES)
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Rating:53Neutral
Price Target:
₹13.00
▲(9.34% Upside)
Action:Reiterated
Date:06/16/26
The score is held back primarily by weak cash-flow conversion (negative operating and free cash flow in 2025–2026) and increased leverage, despite a strong reported earnings turnaround. Technical indicators also point to weak momentum and a broader downtrend. Valuation is moderate on P/E, but lacks dividend support.
Positive Factors
Strong Revenue Scaling
Sustained revenue expansion from a low base indicates stronger project execution and market activity. Continued growth into 2026 provides a larger operating platform, although future durability will depend on consistent project completions and handovers.
Negative Factors
Weak Cash Conversion
Two consecutive years of sharply negative operating and free cash flow indicate that reported profits are not converting into cash efficiently. Persistent working-capital or project-timing pressure could increase funding needs and constrain execution flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Scaling
Sustained revenue expansion from a low base indicates stronger project execution and market activity. Continued growth into 2026 provides a larger operating platform, although future durability will depend on consistent project completions and handovers.
Read all positive factors
Nila Spaces Ltd. (NILASPACES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.83B
Dividend YieldN/A
Average Volume (3M)110.63K
Price to Earnings (P/E)15.4
Beta (1Y)0.90
Revenue Growth31.15%
EPS Growth72.83%
CountryIN
Employees17
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.80
Shares Outstanding393,889,220
10 Day Avg. Volume128,038
30 Day Avg. Volume110,626
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)2.65
Price to Sales (P/S)2.44
P/FCF Ratio-8.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nila Spaces Ltd. Business Overview & Revenue Model
Company Description
Nila Spaces Limited specializes in the development of real estate properties. The company's portfolio includes both residential and commercial ventures, alongside the construction and development of buildings intended for sale, and other associate...
How the Company Makes Money
Nila Spaces’ earnings primarily come from monetizing real estate projects. Key revenue streams typically include (i) sale of completed residential and/or commercial units, (ii) revenue recognition from under-construction projects as contractual mi...
Nila Spaces Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.91B | 1.85B | 1.36B | 907.14M | 10.11M | 53.27M |
| Gross Profit | 788.42M | 707.73M | 492.89M | 215.98M | -8.72M | -12.61M |
| EBITDA | 738.57M | 703.86M | 331.56M | 221.00M | -81.65M | 11.05M |
| Net Income | 311.67M | 285.43M | 147.27M | 134.23M | -40.62M | -1.21M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 3.64B | 3.11B | 2.30B | 1.82B | 1.24B |
| Cash, Cash Equivalents and Short-Term Investments | 131.82M | 131.82M | 94.00M | 479.39M | 146.89M | 7.16M |
| Total Debt | 0.00 | 786.82M | 223.46M | 10.88M | 0.00 | 0.00 |
| Total Liabilities | -1.71B | 1.94B | 1.69B | 1.02B | 673.28M | 56.72M |
| Stockholders Equity | 1.71B | 1.71B | 1.42B | 1.28B | 1.14B | 1.18B |
Cash Flow | ||||||
| Free Cash Flow | -97.69M | -546.78M | -420.66M | 236.56M | 127.00M | -227.79M |
| Operating Cash Flow | -28.34M | -463.10M | -404.67M | 497.64M | 131.81M | -218.35M |
| Investing Cash Flow | -265.32M | -123.95M | 309.65M | -439.80M | -22.71M | 321.34M |
| Financing Cash Flow | 632.97M | 563.36M | 51.78M | -36.82M | -44.00K | -99.28M |
Nila Spaces Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹7.92B | 16.70 | ― | 0.55% | -6.32% | 17.82% | |
58 Neutral | ₹2.63B | 10.60 | ― | 1.06% | 2.06% | 12.57% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹5.23B | 26.52 | ― | ― | ― | ― | |
53 Neutral | ₹4.83B | 15.38 | ― | ― | 31.15% | 72.83% | |
46 Neutral | ₹5.51B | -3.52 | ― | 0.98% | -46.10% | -292.11% | |
41 Neutral | ₹3.43B | -1.91 | ― | ― | 11.98% | 15.58% |
* General Sector Average
IN:NILASPACES
Nila Spaces Ltd.
12.25
-4.12
-25.17%
IN:EMAMIREAL
Emami Realty Limited
65.83
-50.77
-43.54%
IN:GEECEE
GeeCee Ventures Limited
378.85
-5.20
-1.35%
IN:NILAINFRA
Nila Infrastructures Limited
6.68
-3.83
-36.44%
IN:PANSARI
Pansari Developers Ltd.
300.05
33.65
12.63%
IN:PENINLAND
Peninsula Land Limited
16.60
-17.57
-51.42%
Nila Spaces Ltd. Corporate Events
Nila Spaces to Reseek Shareholder Nod After Postal Ballot Concerns
Aug 12, 2026
Nila Spaces Ltd. has decided to resubmit certain resolutions for shareholder approval at its upcoming annual general meeting after concerns emerged about technical issues during a recent postal ballot e-voting process. Shareholders had reported di...
Nila Spaces Details Long-Term Project Outlook and Moderate Returns
Jun 24, 2026
Nila Spaces Ltd. informed exchanges of a newspaper publication detailing its ongoing and planned real estate and infrastructure activities, including a significant project timeline extending toward 2047. The publication highlights expected returns...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.