Nila Spaces Limited (NILASPACES.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-687.5%

-₹58.92

vs ₹10.03 price

Levered DCF

-₹30.25

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.96

Grey zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	15.84×	31.73×	17.94×	-28×	-1,290.32×	-22.35×	9.58×	34.74×
P/B	2.65×	3.28×	1.89×	0.97×	1.33×	0.45×	0.16×	0.85×
P/S	2.44×	3.44×	2.65×	109.11×	29.58×	1.18×	0.22×	10.6×
EV / EBITDA	7.44×	14.48×	9.36×	-12.08×	141.86×	11.81×	7.4×	20.8×
Gross margin	38.3%	36.3%	23.8%	-86.3%	-23.7%	18.3%	13.5%	37.2%
Operating margin	28.1%	34.6%	10.8%	-784.6%	-57.3%	4.0%	2.7%	8.8%
Net margin	15.4%	10.8%	14.8%	-401.9%	-2.3%	-5.3%	2.3%	30.5%
Current ratio	2.69×	1.84×	1.97×	2.61×	50.42×	5.77×	40.14×	10.66×
Debt / equity	0.46×	0.16×	0.01×	0×	0×	0.08×	0.19×	0.65×
Interest coverage	2.08×	2.92×	2.05×	-1,819.06×	-11.56×	0.42×	0.39×	0.15×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	16.7%	10.4%	10.5%	-3.6%	-0.1%	-2.0%	1.7%	2.4%
Return on invested capital	14.7%	20.0%	5.7%	-4.8%	0.5%	-4.2%	-5.0%	0.4%
Return on assets	7.8%	4.7%	5.8%	-2.2%	-0.1%	-1.6%	1.4%	1.4%
Free cash flow yield	-12.1%	-9.0%	9.8%	11.5%	-14.5%	44.8%	166.2%	-16.9%
Earnings yield	6.3%	3.2%	5.6%	-3.7%	-0.1%	-4.5%	10.4%	2.9%
Enterprise value	₹5.2B	₹4.8B	₹2.1B	₹986.7M	₹1.6B	₹624.3M	₹412.3M	₹1.7B
Net debt / EBITDA	1.02×	0.39×	-1.53×	1.42×	-0.65×	1.75×	3.86×	8.82×
Cash conversion cycle (days)	836	872	681	17,809	6,037	787	410	8,613