NILASPACES

Nila Spaces Limited

Wellness-led residential developments under Vida and Prana brands

Consumer Discretionary›Realty›Realty›Residential, Commercial Projects

nilaspaces.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹11.05
Market cap
435 Cr
Stock P/E
14.0
P/B
2.55
ROE (FY26)
16.7%
ROCE (FY26)
26.0%
Operating margin (FY26)
28.1%
Debt / equity (FY26)
0.46
OCF / EBITDA (FY26)
-50.4%
OCF / EBITDA (3Y)
-40.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Nila Spaces is an Ahmedabad-based real estate developer that builds and sells residential and commercial projects.

Company snapshot

55thBy market cap

Ranked among 79 companies in Residential, Commercial Projects.

What we see

Positives
  • ✓Net margin of 15.5% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales0 Cr58 Cr32 Cr31 Cr32 Cr33 Cr40 Cr41 Cr42 Cr52 Cr50 Cr47 Cr
Operating expenses (approx.)1 Cr51 Cr26 Cr25 Cr24 Cr24 Cr30 Cr29 Cr32 Cr34 Cr32 Cr29 Cr
EBITDA-1 Cr7 Cr6 Cr6 Cr8 Cr9 Cr10 Cr12 Cr10 Cr18 Cr17 Cr18 Cr
OPM %—12.5%18.1%20.1%24.0%27.5%25.5%29.6%23.4%34.5%35.0%38.7%
Other income0.98 Cr8 Cr0.99 Cr2 Cr3 Cr2 Cr2 Cr2 Cr5 Cr3 Cr3 Cr3 Cr
Interest-0.0082 Cr2 Cr2 Cr3 Cr4 Cr5 Cr5 Cr5 Cr5 Cr8 Cr7 Cr8 Cr
Depreciation0.03 Cr0.07 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr
Profit before tax-0.18 Cr13 Cr3 Cr4 Cr5 Cr5 Cr6 Cr8 Cr8 Cr12 Cr12 Cr11 Cr
Tax %21.9%13.0%30.7%29.2%30.8%27.9%26.1%27.9%31.0%32.0%21.8%25.2%
Net profit-0.14 Cr12 Cr2 Cr3 Cr4 Cr4 Cr5 Cr6 Cr5 Cr8 Cr9 Cr9 Cr
EPS (₹)₹0.00₹0.30₹0.06₹0.06₹0.09₹0.10₹0.12₹0.15₹0.14₹0.20₹0.24₹0.21

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9 Cr88 Cr45 Cr5 Cr1 Cr91 Cr136 Cr185 CrSign in free for the trailing twelve months
Operating expenses (approx.)8 Cr85 Cr43 Cr8 Cr9 Cr80 Cr103 Cr128 CrSign in free for the trailing twelve months
EBITDA0.99 Cr3 Cr2 Cr-3 Cr-8 Cr11 Cr33 Cr57 CrSign in free for the trailing twelve months
OPM %10.4%3.0%4.3%-54.6%-778.2%12.1%24.4%31.0%Sign in free for the trailing twelve months
Other income7 Cr3 Cr3 Cr4 Cr2 Cr11 Cr9 Cr13 CrSign in free for the trailing twelve months
Interest5 Cr6 Cr4 Cr0.27 Cr0.0044 Cr5 Cr16 Cr25 CrSign in free for the trailing twelve months
Depreciation0.15 Cr0.23 Cr0.16 Cr0.15 Cr0.11 Cr1 Cr5 Cr5 CrSign in free for the trailing twelve months
Profit before tax3 Cr-0.69 Cr0.79 Cr0.65 Cr-6 Cr16 Cr20 Cr40 CrSign in free for the trailing twelve months
Tax %6.6%396.1%402.3%118.7%27.7%16.0%28.3%27.9%Sign in free for the trailing twelve months
Net profit3 Cr2 Cr-2 Cr-0.12 Cr-4 Cr13 Cr15 Cr29 CrSign in free for the trailing twelve months
EPS (₹)₹0.07₹0.05₹-0.06₹0.00₹-0.10₹0.34₹0.37₹0.73Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital39 Cr39 Cr39 Cr39 Cr39 Cr39 Cr39 Cr39 Cr
Reserves79 Cr81 Cr79 Cr79 Cr75 Cr88 Cr103 Cr131 Cr
Borrowings76 Cr23 Cr10 Cr——0.18 Cr22 Cr78 Cr
Other liabilities16 Cr3 Cr21 Cr6 Cr67 Cr102 Cr147 Cr115 Cr
Total liabilities211 Cr146 Cr149 Cr124 Cr182 Cr230 Cr311 Cr364 Cr
Fixed assets (net)0.21 Cr0.13 Cr0.10 Cr0.06 Cr0.24 Cr25 Cr22 Cr19 Cr
CWIP—0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr7 Cr
Investments42 Cr30 Cr30 Cr13 Cr13 Cr7 Cr5 Cr9 Cr
Loans & advances21 Cr11 Cr34 Cr23 Cr22 Cr19 Cr27 Cr30 Cr
Inventories124 Cr72 Cr62 Cr70 Cr99 Cr93 Cr197 Cr255 Cr
Trade receivables5 Cr0.57 Cr0.33 Cr0.63 Cr0.04 Cr0.63 Cr1 Cr1 Cr
Cash & bank3 Cr1 Cr0.35 Cr0.72 Cr12 Cr14 Cr9 Cr7 Cr
Other assets16 Cr32 Cr21 Cr17 Cr36 Cr71 Cr49 Cr36 Cr
Total assets211 Cr146 Cr149 Cr124 Cr182 Cr230 Cr311 Cr364 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-4 Cr33 Cr25 Cr-22 Cr13 Cr29 Cr-40 Cr-29 Cr
Cash from investing-7 Cr18 Cr-8 Cr32 Cr-2 Cr-23 Cr31 Cr-5 Cr
Cash from financing14 Cr-52 Cr-17 Cr-10 Cr-0.0044 Cr-4 Cr5 Cr31 Cr
Net cash flow3 Cr-2 Cr-0.74 Cr0.37 Cr11 Cr2 Cr-4 Cr-2 Cr
Free cash flow (OCF − Capex)-17 Cr33 Cr24 Cr-22 Cr13 Cr3 Cr-42 Cr-32 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %4.4%3.9%4.0%0.8%-4.9%16.2%22.3%26.0%
ROE %2.4%1.7%-2.0%-0.1%-3.6%10.5%10.4%16.7%
Debtor days196234316332
Inventory days382830272417751099569376567
Days payable231123851102281728
Cash conversion cycle400129348917671014543362541
OCF / EBITDA %-377.0%1238.3%1269.2%——260.7%-122.1%-50.4%
OCF / EBITDA % (3 years)——963.0%n.m.—n.m.3.8%-40.2%
Debt / equity0.640.190.08——0.00140.150.46
Current ratio10.5540.145.7750.422.611.841.842.69
Net debt / EBITDA74.768.154.76——-1.230.371.24