On 6 Nov 2026, Nila Spaces was priced at ₹10.00, or 12.7× trailing earnings, against an industry P/E of 22.1×, and the shares are 44% below their 52-week high. It earns ROCE of 27% and ROE of 19%. Debt is 1.88× equity. It is a small-cap company with a market cap of ₹394 Cr, ranked 46th of 112 Real Estate (Development) companies by market cap; the shares fell 42% over the past year.
- ₹10.07
- ₹10.20
- ₹9.90
- ₹10.06
- 3.4 L
Health check
- ReturnsBehind
−41.7% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 12.7 vs industry 22.1.
- GrowthStrong
Sales +467.6% a year over 3 years.
- ProfitabilityStrong
ROCE 26.8% vs peer median 10.4%.
- Balance sheetStretched
Debt 1.88× equity, interest covered 2.6×.
- Red flags3 to check
Debt is 1.88× equity.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹394 Cr
- Small cap
- P/E
- 12.7
- Industry 22.1
- Price to book
- 2.12
- Peers 2.88
- Dividend yield
- 0.00%
- ROE
- 18.9%
- Peers 11.1%
- ROCE
- 26.8%
- Peers 10.4%
- Debt to equity
- 1.88
- Debt ₹349 Cr
- EPS (TTM)
- ₹0.79
- Face value ₹1
- OPM (TTM)
- 33.2%
- Net margin 16.9%
- Sales growth
- +14.3%
- Latest quarter vs a year ago
- Profit growth
- +44.5%
- Latest quarter vs a year ago
- Price to sales
- 2.10
- EV/EBITDA 10.7
Strengths and risks
Strengths
- Return on equity of 18.9%.
- Return on capital employed of 26.8%.
- Quarterly profit up 44.5% on a year ago.
- P/E of 12.7 against an industry P/E of 22.1.
Risks to check
- Debt is 1.88× equity.
- 44% below its 52-week high.
- Interest coverage of only 2.3×.
About Nila Spaces
Nila Spaces Limited engages in real estate development activities. It is involved in the construction and development of residential buildings. The company was formerly known as Parmananday Superstructure Limited and changed its name to Nila Spaces Limited in November 2017. The company was incorporated in 2000 and is headquartered in Ahmedabad, India.
- Headquarters
- Ahmedabad
- Employees
- 18
- Sector
- Real Estate
- ISIN
- INE00S901012
- Website
- nilaspaces.com
Price range
- Avg volume (3M)
- 10.4 L
- 1-year return
- minus 41.7%
- From 52-week high
- minus 44.4%
Peers · Real Estate - Development
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLFDLF | 752.90 | plus 1.03% | 1,86,366 | 40.8 | 127.6 | 6.3% | 15.3% | 0.01 | 11.3% | minus 3.8% |
| LODHALodha Developers | 1,179.00 | plus 0.27% | 1,17,812 | 27.1 | 25.2 | 18.2% | 33.1% | 0.41 | 20.4% | minus 3.9% |
| OBEROIRLTYOberoi Realty | 1,739.00 | minus 0.13% | 63,230 | 24.0 | 18.8 | 16.7% | 57.5% | 0.14 | 12.9% | minus 2.2% |
| GODREJPROPGodrej Properties | 1,809.30 | minus 0.31% | 54,501 | 40.4 | – | 11.1% | −6.5% | 1.02 | 32.4% | minus 20.9% |
| BRIGADEBrigade Enterprises | 558.15 | minus 0.89% | 18,205 | 25.1 | 15.6 | 9.8% | 29.2% | 0.83 | 18.5% | minus 26.2% |
| ANANTRAJAnant Raj | 445.45 | minus 4.41% | 16,031 | 26.5 | 24.1 | 10.4% | 27.8% | 0.13 | 37.9% | minus 27.8% |
| SOBHASobha | 1,275.40 | minus 1.28% | 13,642 | 71.4 | 46.7 | 7.4% | 6.5% | 0.33 | 16.3% | minus 20.2% |
| NILASPACESNila Spaces | 10.00 | minus 0.60% | 394 | 12.7 | 13.0 | – | 43.4% | 1.88 | 467.6% | minus 41.7% |
| Median of 7 peers | – | −0.31% | 54,501 | 27.1 | 24.7 | 10.4% | 27.8% | 0.33 | 18.5% | −20.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 40.8 | 42.2 | 52.2 | 49.8 | 46.7 | |
| 28.7 | 32.3 | 34.2 | 32.4 | 28.6 | |
| 12.1 | 9.9 | 18 | 17.4 | 18 | |
| 29.6% | 23.4% | 34.5% | 35.0% | 38.7% | |
| 2.4 | 4.6 | 3.3 | 2.7 | 3.2 | |
| 5.1 | 5.3 | 7.9 | 6.7 | 8.3 | |
| 1.3 | 1.4 | 1.4 | 1.4 | 1.5 | |
| 8.1 | 7.7 | 12 | 12 | 11.5 | |
| 27.9% | 31.0% | 32.0% | 21.8% | 25.2% | |
| 5.9 | 5.5 | 8 | 9.2 | 8.5 | |
| 0.15 | 0.14 | 0.20 | 0.24 | 0.21 |
Profit & loss
- Sales CAGR 3Y
- +467.6%
- ROE
- 18.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1 | 90.7 | 136 | 185 | |
| – | +8874.4% | +49.7% | +36.2% | |
| 8.8 | 79.7 | 103 | 128 | |
| −7.8 | 11 | 33.3 | 57.4 | |
| −772.9% | 12.1% | 24.5% | 31.0% | |
| 2.1 | 10.9 | 7.9 | 12.9 | |
| 0 | 4.7 | 15.4 | 25 | |
| 0.1 | 1.2 | 5.2 | 5.5 | |
| 0.2 | – | −0.1 | – | |
| −5.6 | 16 | 20.5 | 39.9 | |
| 27.7% | 16.0% | 28.3% | 27.9% | |
| −4.1 | 13.4 | 14.7 | 28.5 | |
| – | – | +9.7% | +93.8% | |
| -0.10 | 0.34 | 0.37 | 0.72 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 39.4 | 39.4 | 39.4 | 39.4 | |
| 74.8 | 88.2 | 103 | 131 | |
| – | 1.1 | 9.7 | 65.8 | |
| 67.3 | 101 | 159 | 128 | |
| 182 | 230 | 311 | 364 | |
| 0.2 | 25.2 | 21.7 | 19.4 | |
| 2.1 | 0.9 | 0.9 | 3 | |
| 14.7 | 36.4 | 9.4 | 13.2 | |
| 164 | 167 | 279 | 329 | |
| 182 | 230 | 311 | 364 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 13.1 | 49.8 | −40.7 | −28.9 | |
| −2.2 | −44 | 31.2 | −4.8 | |
| −0 | −3.7 | 5.2 | 31.4 | |
| 10.9 | 2.1 | −4.3 | −2.4 | |
| −0.5 | −26.1 | −1.6 | −8.4 | |
| 12.6 | 23.7 | −42.3 | −37.3 |
Shareholding pattern
- Promoters60.12%
- Public39.88%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 60.12% | 39.88% | minus 1.78 | |
| 30 Jun 2026 | 61.90% | 38.10% | 0.00 | |
| 31 Mar 2026 | 61.90% | 38.10% | 0.00 | |
| 31 Dec 2025 | 61.90% | 38.10% | 0.00 | |
| 30 Sep 2025 | 61.90% | 38.10% | – |
Major shareholders
Filings & events
News
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