Nila Spaces Ltd

Nila Spaces Ltd

₹ 3.20 -1.54%
27 Sep - close price
About

Company is involved in the construction as well as the development of infrastructures projects for sale and to provide end to end services in the real estate industry. Presently the company focuses on the State of Gujarat and Rajasthan for business.[1]

Company is part of Ahmedabad headquartered Sambhaav Group and was formed under scheme of demerger from Nila Infrastructures Ltd w.e.f April 2017. [2]

Key Points

Revenue
100% of the Revenue comes from Construction of Buildings Carried out on own account basis or on a fee basis. [1]
Company’s Revenue from Operations decreased to ₹ 4512.40 lakhs in FY 21 from ₹ 8,764.97 lakhs in FY 20.[2]

  • Market Cap 126 Cr.
  • Current Price 3.20
  • High / Low 4.95 / 2.40
  • Stock P/E
  • Book Value 2.90
  • Dividend Yield 0.00 %
  • ROCE -4.98 %
  • ROE -3.65 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Stock is trading at 1.10 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -44.8% over past five years.
  • Company has a low return on equity of -1.92% over last 3 years.
  • Working capital days have increased from 13,068 days to 31,090 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Construction Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
4.94 16.09 12.35 11.74 1.39 2.05 0.88 1.00 1.01 0.00 0.00 0.00 0.00
3.64 12.53 11.91 15.19 1.56 3.38 1.45 1.88 1.22 1.03 2.55 4.13 1.03
Operating Profit 1.30 3.56 0.44 -3.45 -0.17 -1.33 -0.57 -0.88 -0.21 -1.03 -2.55 -4.13 -1.03
OPM % 26.32% 22.13% 3.56% -29.39% -12.23% -64.88% -64.77% -88.00% -20.79%
0.70 0.74 1.04 0.88 1.04 1.23 0.69 1.05 0.61 0.84 0.63 0.33 0.72
Interest 0.83 1.59 1.29 0.56 0.22 0.00 0.00 0.04 0.00 0.00 0.00 0.00 0.01
Depreciation 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.03
Profit before tax 1.13 2.67 0.15 -3.17 0.61 -0.14 0.08 0.09 0.37 -0.22 -1.95 -3.83 -0.35
Tax % 12.39% 110.86% 6.67% -1.58% 8.20% -85.71% 0.00% 655.56% 37.84% 36.36% 28.72% 27.68% 28.57%
0.98 -0.29 0.14 -3.22 0.56 -0.26 0.07 -0.50 0.23 -0.14 -1.39 -2.77 -0.25
EPS in Rs 0.02 -0.01 0.00 -0.08 0.01 -0.01 0.00 -0.01 0.01 -0.00 -0.04 -0.07 -0.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
28.56 19.78 9.48 87.65 45.12 5.33 1.01 0.00
18.70 20.15 8.49 85.21 43.24 8.40 9.24 8.74
Operating Profit 9.86 -0.37 0.99 2.44 1.88 -3.07 -8.23 -8.74
OPM % 34.52% -1.87% 10.44% 2.78% 4.17% -57.60% -814.85%
10.46 9.00 7.67 3.33 3.34 4.14 2.73 2.52
Interest 8.85 6.38 5.41 6.23 4.27 0.27 0.00 0.01
Depreciation 0.00 0.00 0.15 0.23 0.16 0.15 0.11 0.12
Profit before tax 11.47 2.25 3.10 -0.69 0.79 0.65 -5.61 -6.35
Tax % 36.44% 37.78% 6.45% 398.55% 401.27% 118.46% 27.63%
7.29 1.40 2.89 2.06 -2.38 -0.12 -4.06 -4.55
EPS in Rs 0.07 0.05 -0.06 -0.00 -0.10 -0.12
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -45%
3 Years: -77%
TTM: -100%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -889%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 39%
1 Year: -4%
Return on Equity
10 Years: %
5 Years: 0%
3 Years: -2%
Last Year: -4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.08 39.39 39.39 39.39 39.39 39.39 39.39
Reserves 143.39 76.40 79.27 81.30 78.95 78.84 74.79
67.13 57.42 76.63 22.63 9.60 0.00 0.00
4.42 16.13 17.08 3.02 20.65 5.67 67.34
Total Liabilities 215.02 189.34 212.37 146.34 148.59 123.90 181.52
0.00 0.00 13.09 7.75 8.47 6.92 6.85
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 24.50 26.07 29.00 22.15 22.07 6.61 9.63
190.52 163.27 170.28 116.44 118.05 110.37 165.04
Total Assets 215.02 189.34 212.37 146.34 148.59 123.90 181.52

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 17.20 -3.28 33.92 24.68 -21.84 13.18
0.00 7.44 -7.71 24.69 -8.06 32.13 -2.27
0.00 -24.64 13.62 -60.14 -17.36 -9.93 0.00
Net Cash Flow 0.00 0.01 2.62 -1.54 -0.74 0.37 10.90

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 30.03 7.20 12.71 2.37 2.67 43.14 18.07
Inventory Days
Days Payable
Cash Conversion Cycle 30.03 7.20 12.71 2.37 2.67 43.14 18.07
Working Capital Days 2,362.15 2,669.96 5,792.26 454.87 784.85 7,329.45 31,090.05
ROCE % 4.51% 4.62% 2.63% 3.73% 0.51% -4.98%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90%
5.69% 5.69% 5.67% 5.67% 5.67% 5.67% 5.67% 5.67% 3.71% 2.79% 2.79% 2.79%
32.41% 32.41% 32.43% 32.43% 32.43% 32.43% 32.43% 32.43% 34.38% 35.30% 35.32% 35.31%
No. of Shareholders 31,71233,72134,04438,63638,75642,36950,13853,73353,63551,73751,77252,700

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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