Nila Spaces Limited
NSE: NILASPACES · Residential, Commercial Projects · sector
₹10.02NSE close 2026-10-26
Key numbers
Market cap₹395 cr
Price₹10.02
52w high / low₹20 / ₹10
P/E12.7xSector median 18.7x
P/B2.3xSector median 1.4x
Book value₹4.3
Dividend yield–Sector median 0.54%
ROE19.9%Sector median 5.5%
ROCE28.7%Sector median 6.5%
OPM33.2%Sector median 12.1%
Debt / equity0.46xSector median 0.36x
EV/EBITDA7.3xSector median 17.7x
Interest cover2.5x
Current ratio2.69x
Sales growth 3y+467.8%Sector median +16.6%
Profit growth 3y–Sector median +28.0%
PEG0.17x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹13 cr vs borrowings ₹78 cr (FY26): borrowings are higher by ₹65 cr.
- Operating profit covered interest 2.5x in the last 12 months.
- Promoter holding fell by 1.78 percentage points in a year, to 60.12% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 44% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹10.02 on 2026-10-26: -49.1% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹19.14 · low ₹10.02
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32 | 33 | 40 | 41 | 42 | 52 | 50 | 47 |
| EBITDA | 8 | 9 | 10 | 12 | 10 | 18 | 17 | 18 |
| OPM % | 24.0% | 27.6% | 25.5% | 29.6% | 23.4% | 34.5% | 35.0% | 38.7% |
| Other income | 3 | 2 | 2 | 2 | 5 | 3 | 3 | 3 |
| Net profit | 4 | 4 | 5 | 6 | 5 | 8 | 9 | 8 |
| EPS (₹) | 0.09 | 0.10 | 0.12 | 0.15 | 0.14 | 0.20 | 0.24 | 0.21 |
| Revenue YoY | +32.2% | +58.1% | +25.3% | +14.3% | ||||
| Profit YoY | +47.6% | +114.4% | +94.9% | +44.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 5 | 1 | 91 | 136 | 185 | 191 |
| EBITDA | -3 | -8 | 11 | 33 | 57 | 63 |
| Net profit | -0 | -4 | 13 | 15 | 29 | 31 |
| EPS (₹) | 0.00 | -0.10 | 0.34 | 0.37 | 0.73 | 0.79 |
| Revenue growth | -81.1% | +8,881.2% | +49.7% | +36.2% | +31.1% | |
| Profit growth | – | – | +9.8% | +93.8% | +72.8% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +467.8% | +32.6% | +31.1% |
| Net profit | – | – | +72.8% |
| EPS | – | – | – |
| Share price | – | -7.2% (2y) | -44.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 114 | 128 | 142 | 171 |
| Borrowings | – | 0 | 0 | 22 | 78 |
| Cash & equivalents | – | 12 | 35 | 9 | 13 |
| Total assets | – | 182 | 230 | 311 | 364 |
| Fixed assets | – | 0 | 25 | 22 | 19 |
| Capital work in progress | – | 0 | 0 | 0 | 7 |
| Investments | – | 7 | 1 | 1 | 3 |
| Receivables | – | 0 | 1 | 1 | 1 |
| Inventory | – | 99 | 93 | 197 | 255 |
| Payables | – | 9 | 5 | 9 | 13 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -22 | 13 | 29 | -40 | -29 |
| Cash from investing | 32 | -2 | -23 | 31 | -5 |
| Cash from financing | -10 | 0 | -4 | 5 | 31 |
| Capex | 0 | 0 | 26 | 2 | 3 |
| Free cash flow | -22 | 13 | 3 | -42 | -32 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -3.6% | 10.5% | 10.4% | 16.7% |
| ROCE % | – | -4.9% | 16.3% | 22.3% | 26.1% |
| Debtor days | – | 16 | 3 | 3 | 2 |
| Inventory days | – | 48,036 | 517 | 833 | 878 |
| Payable days | – | 4,446 | 26 | 37 | 44 |
| Cash conversion cycle (days) | – | 43,606 | 494 | 799 | 836 |
| Working capital days | – | 36,367 | 333 | 345 | 408 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 60.12% |
| FIIs | 0.00% |
| Public (non-institutions) | 39.88% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 61.90% | 61.90% | 61.90% | 61.90% | 61.90% | 61.90% | 61.90% | 60.12% |
| Promoter group | % |
|---|---|
| Manoj B Vadodaria | 11.76% |
| Nila M Vadodaria | 11.16% |
| Alpa K Vadodaria | 9.34% |
| Deep S Vadodaria | 8.06% |
| Kiran B Vadodaria | 6.28% |
| Mina S Vadodaria | 5.50% |
| Chhayaben R Vadodaria | 4.54% |
| Neha M Vadodaria | 1.74% |
| Kajal K Vadodaria | 1.74% |
| Siddarth R Vadodaria | 0.00% |
| Karan R Vadodaria | 0.00% |
| Public holders above 1% | % |
|---|---|
| Shobha Imtiyaz Desai | 1.07% |
| Nivedita Ritesh Oswal | 1.05% |
84,133 shareholders. Pledged: – of promoter shares.
Peers in Residential, Commercial Projects
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DLF | ₹1,63,939 cr | 35.9x | 3.6x | 10.3% | 6.3% | 14.8% | +12.9% | 0.90% |
| LODHA | ₹97,912 cr | 23.7x | 4.2x | 19.0% | 17.9% | 32.2% | +20.8% | 0.43% |
| PHOENIXLTD | ₹67,737 cr | 52.9x | 6.2x | 11.9% | 15.4% | 59.1% | +18.8% | 0.13% |
| PRESTIGE | ₹60,152 cr | 52.8x | 3.7x | 7.2% | 10.5% | 28.1% | +15.1% | 0.12% |
| OBEROIRLTY | ₹57,522 cr | 21.9x | 3.0x | 14.7% | 16.9% | 57.1% | +12.8% | 0.51% |
| GODREJPROP | ₹45,942 cr | 28.7x | 2.4x | 8.8% | 6.9% | -7.7% | +31.6% | – |
| BRIGADE | ₹17,781 cr | 25.6x | 2.6x | 11.2% | 10.9% | 27.0% | +18.3% | 0.35% |
| ANANTRAJ | ₹16,514 cr | 27.8x | 2.9x | 11.6% | 11.1% | 27.0% | +37.9% | 0.15% |
| SOBHA | ₹12,247 cr | 64.1x | 2.6x | 4.1% | 6.5% | 6.5% | +16.2% | 0.26% |
| NILASPACES | ₹395 cr | 12.7x | 2.3x | 19.9% | 28.7% | 33.2% | +467.8% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-09 | Other | Annual General Meeting |
| 2023-09-20 | Other | Annual General Meeting |
| 2022-08-23 | Other | Annual General Meeting |
| 2021-09-16 | Other | Annual General Meeting |
| 2020-09-17 | Other | Annual General Meeting |
| 2019-09-19 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Residential, Commercial Projects |
| Sub-industry | Residential, Commercial Projects |
| Symbol | NILASPACES |
| BSE code | 542231 |
| ISIN | INE00S901012 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.