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Nila Spaces Ltd.
(NILASPACES)
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Rating:55Neutral
Price Target:
₹11.50
▼(-3.28% Downside)
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 scaling
Revenue has scaled sharply from the very low 2023 base and continued growing in 2026. This indicates meaningful project execution and market activity, giving the company a larger operating platform and supporting future earnings potential if development momentum remains consistent.
Negative Factors
Sustained negative cash generation
Two consecutive years of deeply negative operating and free cash flow show that reported profits are not converting into cash effectively. The stated working-capital and project timing pressure increases funding and liquidity needs, potentially limiting flexibility during ongoing development cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue scaling
Revenue has scaled sharply from the very low 2023 base and continued growing in 2026. This indicates meaningful project execution and market activity, giving the company a larger operating platform and supporting future earnings potential if development momentum remains consistent.
Read all positive factors
Nila Spaces Ltd. (NILASPACES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.44B
Dividend YieldN/A
Average Volume (3M)138.88K
Price to Earnings (P/E)14.1
Beta (1Y)0.93
Revenue Growth31.15%
EPS Growth72.83%
CountryIN
Employees18
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.80
Shares Outstanding393,889,220
10 Day Avg. Volume108,526
30 Day Avg. Volume138,876
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 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 r...
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. Technical Analysis
Negative
11.89
Price Trends
12.20
Negative
12.46
Negative
13.33
Negative
Market Momentum
-0.33
Positive
36.77
Neutral
21.26
Neutral
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 11.89 is below the 20-day moving average (MA) of 11.95, below the 50-day MA of 12.20, and below the 200-day MA of 13.33, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 36.77 is Neutral, neither overbought nor oversold. The STOCH value of 21.26 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹7.53B | 17.12 | ― | 0.57% | -6.32% | 17.82% | |
58 Neutral | ₹2.62B | 10.32 | ― | 1.06% | 2.06% | 12.57% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹4.44B | 14.13 | ― | ― | 31.15% | 72.83% | |
54 Neutral | ₹4.54B | 22.99 | ― | ― | ― | ― | |
46 Neutral | ₹4.84B | -3.10 | ― | 0.98% | -46.10% | -292.11% | |
41 Neutral | ₹3.56B | -1.92 | ― | ― | 11.98% | 15.57% |
* General Sector Average
IN:NILASPACES
Nila Spaces Ltd.
11.27
-5.81
-34.02%
IN:EMAMIREAL
Emami Realty Limited
68.45
-39.50
-36.59%
IN:GEECEE
GeeCee Ventures Limited
360.05
15.78
4.58%
IN:NILAINFRA
Nila Infrastructures Limited
6.64
-3.51
-34.58%
IN:PANSARI
Pansari Developers Ltd.
260.00
1.80
0.70%
IN:PENINLAND
Peninsula Land Limited
14.58
-20.73
-58.71%
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...
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.