Nila Spaces Ltd. (NILASPACES) AI Stock Analysis

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Nila Spaces Ltd.

(NSE:NILASPACES)

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Rating:55Neutral

Price Target:INR 10.50▲(2.14% Upside)

Action:reiterated

Date:09/16/26

The score is mainly held back by weak financial quality signals—particularly sustained negative operating/free cash flow and higher leverage—despite a clear improvement in reported profitability. Technicals add additional pressure as the stock trades below key moving averages with negative MACD, while valuation is moderately supportive with a mid-teens P/E.

Positive Factors

Revenue GrowthSharp revenue scaling and approximately 19% growth in 2026 indicate expanding project monetization and a larger operating base. If the company sustains this trajectory, greater scale could support stronger earnings capacity and improve its position in India’s property development market over the next several quarters.

Negative Factors

Weak Cash ConversionTwo consecutive years of sharply negative operating and free cash flow show that reported profits are not converting into cash effectively. Project timing and working-capital pressure may keep funding needs elevated, making liquidity management and access to financing important to sustaining development activity.

Nila Spaces Ltd. (NILASPACES) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 4.09B
Dividend Yield: ―
Average Volume (3M): 106.21K
Price to Earnings (P/E): 13.0
Beta (1Y): 0.91
Revenue Growth: 19.93%
EPS Growth: 59.69%
Country: India
Employees: 18
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

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 associated r...

How the Company Makes Money

Nila Spaces Ltd. primarily makes money through real estate development-related revenues tied to its projects. Key revenue streams typically include (i) sale/transfer of constructed real estate units (e.g., residential/commercial inventory) where reve...

Nila Spaces Ltd. Financial Statement Overview

Summary

Strong earnings turnaround and sharp revenue scaling with solid 2026 profitability, but quality is undermined by two consecutive years of deeply negative operating/free cash flow and a notable jump in leverage in 2026, increasing financing and execution risk.

Income Statement

74Positive

Balance Sheet

58Neutral

Cash Flow

34Negative

Financial statement breakdown
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	221.27M	-81.65M	11.06M
Net Income	311.67M	285.43M	147.27M	134.23M	-40.62M	-1.21M
Balance Sheet
Total Assets	0	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	786.82M	223.46M	10.88M	0	0
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. Technical Analysis

Technical Analysis SentimentNegative

Last Price10.28

Price Trends

50DMA11.69Negative

100DMA12.06Negative

200DMA12.84Negative

Market Momentum

MACD-0.32Negative

RSI39.15Neutral

STOCH62.39Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NILASPACES, the sentiment is Negative. The current price of 10.28 is below the 20-day moving average (MA) of 10.85, below the 50-day MA of 11.69, and below the 200-day MA of 12.84, indicating a bearish trend. The MACD of -0.32 indicates Negative momentum. The RSI at 39.15 is Neutral, neither overbought nor oversold. The STOCH value of 62.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NILASPACES.

Nila Spaces Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:NILASPACES against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GEECEE	70Outperform	INR 7.19B	15.85	―	0.59%	-6.32%	17.82%
IN:NILAINFRA	56Neutral	INR 2.49B	9.97	―	―	2.06%	12.57%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:NILASPACES	55Neutral	INR 4.05B	12.97	―	―	19.93%	59.69%
IN:PANSARI	54Neutral	INR 4.55B	23.08	―	―	―	―
IN:EMAMIREAL	41Neutral	INR 3.46B	-1.93	―	―	11.98%	15.57%
IN:PENINLAND	38Underperform	INR 4.38B	-2.78	―	―	-46.10%	-292.11%

* General Sector Average

Performance Comparison

IN:NILASPACES and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:NILASPACES	Nila Spaces Ltd.	10.28	-7.37	-41.76%
IN:EMAMIREAL	Emami Realty Limited	66.55	-29.92	-31.01%
IN:GEECEE	GeeCee Ventures Limited	343.70	1.07	0.31%
IN:NILAINFRA	Nila Infrastructures Limited	6.31	-3.73	-37.15%
IN:PANSARI	Pansari Developers Ltd.	261.00	-1.05	-0.40%
IN:PENINLAND	Peninsula Land Limited	13.20	-21.38	-61.83%

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 diffi...

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.

Date of analysis: Sep 16, 2026

Nila Spaces Ltd. AI Stock Analysis