MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0246600
Nila Spaces Limited - real estate and construction in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Active Listed - NSE: NILASPACES · BSE: 542231 Public Limited Company real estate and construction MSME
Market Cap
₹390 Cr
NILASPACES · NSE
Share Price
₹10.02
+1.11% today
Revenue
₹185 Cr
FY 2025-26 · +36.2% YoY
EBITDA
₹57.39 Cr
Margin 31.0%
Net Profit
₹28.54 Cr
FY 2025-26 · +105.5% YoY
P/E (TTM)
12.5x
P/B 2.3x
Authorised capital
₹45 Cr
Registered with MCA
Paid-up capital
₹39.39 Cr
Issued & subscribed
About Nila Spaces Limited
Data last updated:
Nila Spaces Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 03 May 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L45100GJ2000PLC083204. Its GSTIN is 24AABCG2246E1Z5 (Gujarat). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 542231 and NSE: NILASPACES.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹39.39 Cr. It was formerly known as Gee Tele Network Limited and Parmannday Consultancy Limited. It is led by directors including Prashant Himatbhai Sarkhedi (Whole-Time Director) and Deep Shaileshbhai Vadodaria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 04 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 1st Floor Sambhaav House Opp. Chief Justice Bunglow Bodakdev, Ahmedabad, Gujarat, India – 380015.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹185.02 Cr, a growth of 36.2% compared to the previous year. For the same year it recorded a net profit of ₹28.54 Cr (net margin 15.4%) and EBITDA of ₹57.39 Cr (EBITDA margin 31%).
The company has about 7 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nila Spaces. As per MCA filings, the company has open charges of ₹151.82 Cr and satisfied charges of ₹217 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending. The company has 5 deals on record (4 market trades, 1 acquisition); the latest was in February 2024. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 1 smaller; the largest is Almond Infrabuild Private Limited with revenue of ₹145.52 Cr. The company has 2 MSME Form 1 returns on record between 2023 and 2024, listing 6 overdue payments to 5 micro and small suppliers.
Nila Spaces Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0246600). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nilaspaces.com.
Company details
CIN L45100GJ2000PLC083204
Registration Number 083204
Incorporation Date 03 May 2000
ROC Ahmedabad
Listing Status Listed - Listed on NSE (NILASPACES); Listed on BSE (542231)
Company Status Active
Date of Last AGM 04 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0246600
Name history
Nila Spaces has undergone 5 name changes throughout its history. The current legal name is Nila Spaces Limited.
| Company Name | Status |
|---|---|
| Nila Spaces Limited | Current |
| Gee Tele Network Limited | Previous |
| Parmannday Consultancy Limited | Previous |
| Parmananday Superstructure Limited | Previous |
| Nila Superstructure Limited | Previous |
CIN history
Nila Spaces has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45100GJ2000PLC083204, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45100GJ2000PLC083204 | Current |
| U64202MH2000PLC126303 | Previous |
| U45100GJ2000PLC083204 | Previous |
| U64202GJ2000PLC083204 | Previous |
| U93000GJ2000PLC083204 | Previous |
Key People
Prashant Himatbhai Sarkhedi Whole-Time Director Deep Shaileshbhai Vadodaria Whole-Time Director Anand Bholabhai Patel Director Recognitions & Rankings of Nila Spaces
Contact details
Nila Spaces Limited's registered office is in Ahmedabad, Gujarat. Its website is nilaspaces.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Sambhaav House Opp. Chief Justice Bunglow Bodakdev, Ahmedabad, Gujarat, India – 380015
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Nila Spaces Limited, buy the company report.
Comprehensive company report
Nila Spaces Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Nila Spaces operates one associated brand: Nila Spaces. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential properties are developed in Ahmedabad, India, since 2000. | nilaspaces.com |
Business activity
The main business activity of Nila Spaces is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Nila Spaces Limited, buy the company report.
Financials of Nila Spaces Limited
FY 2025-26 filings availableNila Spaces Limited reported revenue of ₹185.02 Cr (up 36.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹185 Cr
+36.2% YoY
EBITDA
₹57.39 Cr
+73.2% YoY
Profit After Tax
₹28.54 Cr
+105.5% YoY
Net Worth
-
Total Assets
-
Total Debt
-
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 185 | 136 | 90.71 | 1.01 | 5.33 | 45.12 | 87.65 |
| Revenue growth | +36.2% | +49.7% | +8881.2% | -81.1% | -88.2% | -48.5% | - |
| EBITDA | 57.39 | 33.13 | 10.86 | (8.27) | (3.07) | 1.87 | 2.43 |
| EBITDA margin | +31.0% | +24.4% | +12.0% | -818.8% | -57.6% | +4.1% | +2.8% |
| Profit before tax | 39.89 | 20.47 | 15.98 | (5.61) | 0.66 | 0.78 | (0.70) |
| Net profit | 28.54 | 13.89 | 13.42 | (4.24) | (0.16) | (2.39) | 1.29 |
| Net profit margin | +15.4% | +10.2% | +14.8% | -419.8% | -3.0% | -5.3% | +1.5% |
| EPS (₹) | 0.73 | 0.37 | 0.34 | (0.10) | 0.00 | (0.06) | 0.05 |
| Balance sheet | |||||||
| Total assets | - | 168 | 131 | 119 | 122 | 128 | 144 |
| Net worth | - | 155 | 128 | 114 | 118 | 118 | 121 |
| Total debt | - | 9.74 | 1.09 | 0.00 | 0.00 | 9.60 | 22.63 |
| Cash & bank | - | 9.40 | 29.82 | 11.67 | 0.72 | 0.35 | 1.09 |
| Net working capital | - | 138 | 96.03 | 97.71 | 108 | 97.38 | 110 |
| Cash flow | |||||||
| Cash from operations | - | (40.47) | 49.76 | 13.13 | (21.84) | 24.68 | 33.92 |
| Cash from investing | - | 30.97 | (43.98) | (2.22) | 32.13 | (8.06) | 24.69 |
| Cash from financing | - | 5.18 | (3.68) | 0.00 | (9.93) | (17.36) | (60.14) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 46.67 | 49.80 | 52.20 | 42.18 | 40.83 | 39.76 | 33.02 | 31.91 |
| Revenue growth (YoY) | +14.3% | +25.3% | +58.1% | +32.2% | +31.2% | - | - | - |
| Other income | 3.23 | 2.66 | 3.31 | 4.55 | 2.43 | 2.12 | 2.05 | 2.81 |
| EBITDA | 18.05 | 17.40 | 18.01 | 9.88 | 12.09 | 10.12 | 9.09 | 7.66 |
| EBITDA margin | +38.7% | +34.9% | +34.5% | +23.4% | +29.6% | +25.5% | +27.5% | +24.0% |
| Depreciation | 1.47 | 1.38 | 1.39 | 1.36 | 1.32 | 1.31 | 1.32 | 1.30 |
| Interest | 8.31 | 6.67 | 7.90 | 5.33 | 5.09 | 4.59 | 4.63 | 3.85 |
| Profit before tax | 11.50 | 12.01 | 12.03 | 7.74 | 8.11 | 6.34 | 5.19 | 5.32 |
| Tax | 2.90 | 2.62 | 3.86 | 2.40 | 2.26 | 1.66 | 1.44 | 1.64 |
| Net profit | 8.60 | 9.39 | 8.17 | 5.34 | 5.85 | 4.68 | 3.75 | 3.68 |
| EPS (₹) | 0.21 | 0.24 | 0.20 | 0.14 | 0.15 | 0.12 | 0.10 | 0.09 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 163 | 136 | 90.71 | 1.01 | 5.33 | 45.12 | 87.65 |
| Revenue growth | +19.8% | +49.7% | +8881.2% | -81.1% | -88.2% | -48.5% | - |
| EBITDA | 53.85 | 33.41 | 10.98 | (8.22) | (3.21) | 1.95 | 2.64 |
| EBITDA margin | +33.1% | +24.6% | +12.1% | -813.9% | -60.2% | +4.3% | +3.0% |
| Profit before tax | 36.91 | 21.20 | 9.32 | (5.56) | 1.90 | 3.58 | 2.34 |
| Net profit | 26.59 | 15.20 | 6.76 | (4.19) | 1.09 | 0.29 | 4.13 |
| Net profit margin | +16.3% | +11.2% | +7.5% | -414.9% | +20.5% | +0.6% | +4.7% |
| EPS (₹) | 0.68 | 0.39 | 0.17 | (0.10) | 0.03 | 0.01 | 0.13 |
| Balance sheet | |||||||
| Total assets | - | 149 | 133 | 128 | 131 | 136 | 148 |
| Net worth | - | 145 | 130 | 123 | 127 | 126 | 125 |
| Total debt | - | 0.86 | 1.09 | 0.00 | 0.00 | 9.60 | 22.63 |
| Cash & bank | - | 9.37 | 29.82 | 11.67 | 0.72 | 0.35 | 1.09 |
| Net working capital | - | 117 | 96.03 | 97.71 | 108 | 96.85 | 110 |
| Cash flow | |||||||
| Cash from operations | - | 52.90 | 42.98 | 13.13 | (21.84) | 24.68 | 33.92 |
| Cash from investing | - | (41.44) | (37.19) | (2.22) | 32.13 | (8.06) | 24.68 |
| Cash from financing | - | (15.81) | (3.68) | 0.00 | (9.93) | (17.36) | (60.14) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39.11 | 38.93 | 40.77 | 42.18 | 40.83 | 39.76 | 33.02 | 31.91 |
| Revenue growth (YoY) | -4.2% | -2.1% | +23.5% | +32.2% | +31.2% | - | - | - |
| Other income | 3.11 | 2.58 | 3.24 | 4.47 | 2.35 | 2.08 | 2.05 | 2.79 |
| Total expenses | 23.72 | 24.37 | 25.60 | 30.21 | 28.67 | 29.62 | 23.91 | 24.02 |
| EBITDA | 15.39 | 14.56 | 15.17 | 11.97 | 12.16 | 10.14 | 9.11 | 7.89 |
| EBITDA margin | +39.4% | +37.4% | +37.2% | +28.4% | +29.8% | +25.5% | +27.6% | +24.7% |
| Depreciation | 1.47 | 1.38 | 1.39 | 1.36 | 1.32 | 1.31 | 1.32 | 1.30 |
| Interest | 7.25 | 6.47 | 7.13 | 5.66 | 4.87 | 4.08 | 4.63 | 3.85 |
| Profit before tax | 9.78 | 9.29 | 9.89 | 9.42 | 8.32 | 6.83 | 5.21 | 5.53 |
| Tax | 2.47 | 2.06 | 3.06 | 2.87 | 2.32 | 1.86 | 1.44 | 1.64 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 46.67 | 49.80 | 52.20 | 42.18 | 40.83 | 39.76 | 33.02 | 31.91 |
| Revenue growth (YoY) | +14.3% | +25.3% | +58.1% | +32.2% | +31.2% | - | - | - |
| Other income | 3.23 | 2.66 | 3.31 | 4.55 | 2.43 | 2.12 | 2.05 | 2.81 |
| EBITDA | 18.05 | 17.40 | 18.01 | 9.88 | 12.09 | 10.12 | 9.09 | 7.66 |
| EBITDA margin | +38.7% | +34.9% | +34.5% | +23.4% | +29.6% | +25.5% | +27.5% | +24.0% |
| Depreciation | 1.47 | 1.38 | 1.39 | 1.36 | 1.32 | 1.31 | 1.32 | 1.30 |
| Interest | 8.31 | 6.67 | 7.90 | 5.33 | 5.09 | 4.59 | 4.63 | 3.85 |
| Profit before tax | 11.50 | 12.01 | 12.03 | 7.74 | 8.11 | 6.34 | 5.19 | 5.32 |
| Tax | 2.90 | 2.62 | 3.86 | 2.40 | 2.26 | 1.66 | 1.44 | 1.64 |
| Net profit | 8.60 | 9.39 | 8.17 | 5.34 | 5.85 | 4.68 | 3.75 | 3.68 |
| EPS (₹) | 0.21 | 0.24 | 0.20 | 0.14 | 0.15 | 0.12 | 0.10 | 0.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 185 | 136 | 90.71 | 1.01 | 5.33 | 45.12 | 87.65 |
| Revenue growth | +36.2% | +49.7% | +8881.2% | -81.1% | -88.2% | -48.5% | - |
| Other income | 12.94 | 8.58 | 11.11 | 2.77 | 4.15 | 3.34 | 3.33 |
| Total expenses | 128 | 103 | 79.85 | 9.28 | 8.40 | 43.25 | 85.22 |
| Employee cost | 0.00 | 1.65 | 2.24 | 1.64 | 1.18 | 0.88 | 1.02 |
| EBITDA | 57.39 | 33.13 | 10.86 | (8.27) | (3.07) | 1.87 | 2.43 |
| EBITDA margin | +31.0% | +24.4% | +12.0% | -818.8% | -57.6% | +4.1% | +2.8% |
| Depreciation | 5.46 | 5.16 | 1.22 | 0.11 | 0.15 | 0.16 | 0.23 |
| Interest | 24.98 | 16.08 | 4.77 | 0.00 | 0.27 | 4.27 | 6.23 |
| Profit before tax | 39.89 | 20.47 | 15.98 | (5.61) | 0.66 | 0.78 | (0.70) |
| Tax | 11.13 | 5.80 | 2.56 | (1.55) | 0.77 | 3.17 | (2.75) |
| Net profit | 28.54 | 13.89 | 13.42 | (4.24) | (0.16) | (2.39) | 1.29 |
| Net profit margin | +15.4% | +10.2% | +14.8% | -419.8% | -3.0% | -5.3% | +1.5% |
| EPS (₹) | 0.73 | 0.37 | 0.34 | (0.10) | 0.00 | (0.06) | 0.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 52.00 | 39.39 | 39.39 | 39.39 | 39.39 | 39.39 |
| Reserves & surplus | - | 103 | 88.19 | 74.79 | 78.84 | 78.95 | 81.30 |
| Shareholders' funds (net worth) | - | 155 | 128 | 114 | 118 | 118 | 121 |
| Minority interest | - | (0.05) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | - | 0.11 | 0.18 | 0.00 | 0.00 | 9.60 | 22.63 |
| Unsecured loans | - | 9.63 | 0.91 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | - | 9.74 | 1.09 | 0.00 | 0.00 | 9.60 | 22.63 |
| Total liabilities | - | 168 | 131 | 119 | 122 | 128 | 144 |
| Assets | |||||||
| Gross block | - | 32.63 | 33.38 | 7.27 | 7.34 | 8.88 | 8.00 |
| Net block | - | 26.01 | 31.71 | 6.85 | 6.91 | 8.47 | 7.75 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | - | 0.84 | 0.85 | 9.63 | 6.61 | 22.07 | 22.15 |
| Inventories | - | 197 | 92.78 | 98.76 | 69.58 | 61.75 | 72.27 |
| Sundry debtors | - | 1.04 | 0.63 | 0.05 | 0.63 | 0.33 | 0.57 |
| Cash & bank balances | - | 9.40 | 29.82 | 11.67 | 0.72 | 0.35 | 1.09 |
| Loans & advances | - | 72.88 | 71.60 | 49.69 | 39.00 | 55.38 | 39.23 |
| Total current assets | - | 281 | 195 | 160 | 110 | 118 | 113 |
| Total current liabilities | - | 143 | 98.80 | 62.46 | 2.18 | 20.43 | 2.82 |
| Net working capital | - | 138 | 96.03 | 97.71 | 108 | 97.38 | 110 |
| Total assets | - | 168 | 131 | 119 | 122 | 128 | 144 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 13.72 | 11.62 | 0.72 | 0.35 | 1.09 | 2.63 |
| Net cash from operating activities | - | (40.47) | 49.76 | 13.13 | (21.84) | 24.68 | 33.92 |
| Net cash from investing activities | - | 30.97 | (43.98) | (2.22) | 32.13 | (8.06) | 24.69 |
| Net cash from financing activities | - | 5.18 | (3.68) | 0.00 | (9.93) | (17.36) | (60.14) |
| Net change in cash | - | (4.32) | 2.10 | 10.90 | 0.37 | (0.74) | (1.54) |
| Closing cash | - | 9.40 | 29.82 | 11.67 | 0.72 | 0.35 | 1.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +36.2% | +49.7% | +8881.2% | -81.1% | -88.2% | -48.5% | - |
| EBITDA growth | +73.2% | +205.1% | +231.3% | -169.4% | -264.2% | -23.1% | - |
| PBT growth | +94.9% | +28.1% | +9998.0% | - | -15.4% | +9998.0% | - |
| Net income growth | +105.5% | +3.5% | +416.5% | -2550.0% | +93.3% | -285.3% | - |
| Revenue CAGR (3Y) | +467.9% | +194.3% | +26.2% | -77.4% | -17.5% | +31.6% | +45.3% |
| EBITDA CAGR (3Y) | - | - | +79.8% | - | - | - | -37.3% |
| Profitability & leverage | |||||||
| Net income margin | +15.5% | +10.8% | +14.8% | -402.0% | -2.1% | -5.3% | +2.3% |
| Return on capital employed | - | +24.5% | +16.6% | 0.0% | +0.5% | +3.7% | +2.6% |
| Return on net worth | - | +10.9% | +11.1% | 0.0% | -0.1% | -2.0% | +1.1% |
| Debt / equity | - | 0.04 | 0.00 | 0.00 | 0.04 | 0.13 | 0.41 |
| Long-term debt / equity | - | 0.01 | 0.00 | 0.00 | 0.04 | 0.13 | 0.41 |
| Interest cover | 48.10 | 57.49 | 49.48 | 0.00 | -8.39 | 249.71 | 283.18 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 4.11 | 4.46 | 0.14 | 0.66 | 5.35 | 8.25 |
| Inventory turnover | - | 0.94 | 0.95 | 0.01 | 0.08 | 0.67 | 0.89 |
| Debtors turnover | - | 162.63 | 266.79 | 2.97 | 11.10 | 100.27 | 194.78 |
| EPS (₹) | 0.73 | 0.37 | 0.34 | (0.10) | 0.00 | (0.06) | 0.05 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 3.61 | 3.24 | 2.90 | 3.00 | 3.00 | 3.06 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39.11 | 38.93 | 40.77 | 42.18 | 40.83 | 39.76 | 33.02 | 31.91 |
| Revenue growth (YoY) | -4.2% | -2.1% | +23.5% | +32.2% | +31.2% | - | - | - |
| Other income | 3.11 | 2.58 | 3.24 | 4.47 | 2.35 | 2.08 | 2.05 | 2.79 |
| Total expenses | 23.72 | 24.37 | 25.60 | 30.21 | 28.67 | 29.62 | 23.91 | 24.02 |
| EBITDA | 15.39 | 14.56 | 15.17 | 11.97 | 12.16 | 10.14 | 9.11 | 7.89 |
| EBITDA margin | +39.4% | +37.4% | +37.2% | +28.4% | +29.8% | +25.5% | +27.6% | +24.7% |
| Depreciation | 1.47 | 1.38 | 1.39 | 1.36 | 1.32 | 1.31 | 1.32 | 1.30 |
| Interest | 7.25 | 6.47 | 7.13 | 5.66 | 4.87 | 4.08 | 4.63 | 3.85 |
| Profit before tax | 9.78 | 9.29 | 9.89 | 9.42 | 8.32 | 6.83 | 5.21 | 5.53 |
| Tax | 2.47 | 2.06 | 3.06 | 2.87 | 2.32 | 1.86 | 1.44 | 1.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 163 | 136 | 90.71 | 1.01 | 5.33 | 45.12 | 87.65 |
| Revenue growth | +19.8% | +49.7% | +8881.2% | -81.1% | -88.2% | -48.5% | - |
| Other income | 12.64 | 8.53 | 4.33 | 2.77 | 5.53 | 6.06 | 6.16 |
| Total expenses | 109 | 102 | 79.73 | 9.23 | 8.54 | 43.17 | 85.01 |
| Employee cost | 0.00 | 1.65 | 2.24 | 1.64 | 1.18 | 1.19 | 1.20 |
| EBITDA | 53.85 | 33.41 | 10.98 | (8.22) | (3.21) | 1.95 | 2.64 |
| EBITDA margin | +33.1% | +24.6% | +12.1% | -813.9% | -60.2% | +4.3% | +3.0% |
| Depreciation | 5.46 | 5.16 | 1.22 | 0.11 | 0.15 | 0.16 | 0.23 |
| Interest | 24.12 | 15.58 | 4.77 | 0.00 | 0.27 | 4.27 | 6.23 |
| Profit before tax | 36.91 | 21.20 | 9.32 | (5.56) | 1.90 | 3.58 | 2.34 |
| Tax | 10.32 | 6.00 | 2.56 | (1.55) | 0.60 | 3.29 | (2.70) |
| Net profit | 26.59 | 15.20 | 6.76 | (4.19) | 1.09 | 0.29 | 4.13 |
| Net profit margin | +16.3% | +11.2% | +7.5% | -414.9% | +20.5% | +0.6% | +4.7% |
| EPS (₹) | 0.68 | 0.39 | 0.17 | (0.10) | 0.03 | 0.01 | 0.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 39.39 | 39.39 | 39.39 | 39.39 | 39.39 | 39.39 |
| Reserves & surplus | - | 106 | 90.40 | 83.66 | 87.66 | 86.36 | 86.04 |
| Shareholders' funds (net worth) | - | 145 | 130 | 123 | 127 | 126 | 125 |
| Secured loans | - | 0.11 | 0.18 | 0.00 | 0.00 | 9.60 | 22.63 |
| Unsecured loans | - | 0.75 | 0.91 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | - | 0.86 | 1.09 | 0.00 | 0.00 | 9.60 | 22.63 |
| Total liabilities | - | 149 | 133 | 128 | 131 | 136 | 148 |
| Assets | |||||||
| Gross block | - | 32.62 | 33.38 | 7.27 | 7.34 | 8.88 | 8.00 |
| Net block | - | 26.00 | 31.71 | 6.85 | 6.91 | 8.47 | 7.75 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | - | 3.07 | 3.06 | 18.50 | 15.42 | 29.65 | 26.94 |
| Inventories | - | 103 | 92.78 | 98.76 | 69.58 | 61.75 | 72.27 |
| Sundry debtors | - | 1.04 | 0.63 | 0.05 | 0.63 | 0.33 | 0.57 |
| Cash & bank balances | - | 9.37 | 29.82 | 11.67 | 0.72 | 0.35 | 1.09 |
| Loans & advances | - | 145 | 71.60 | 49.69 | 39.00 | 54.85 | 39.17 |
| Total current assets | - | 258 | 195 | 160 | 110 | 117 | 113 |
| Total current liabilities | - | 141 | 98.80 | 62.46 | 2.18 | 20.43 | 2.82 |
| Net working capital | - | 117 | 96.03 | 97.71 | 108 | 96.85 | 110 |
| Total assets | - | 149 | 133 | 128 | 131 | 136 | 148 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 13.72 | 11.62 | 0.72 | 0.35 | 1.09 | 2.63 |
| Net cash from operating activities | - | 52.90 | 42.98 | 13.13 | (21.84) | 24.68 | 33.92 |
| Net cash from investing activities | - | (41.44) | (37.19) | (2.22) | 32.13 | (8.06) | 24.68 |
| Net cash from financing activities | - | (15.81) | (3.68) | 0.00 | (9.93) | (17.36) | (60.14) |
| Net change in cash | - | (4.35) | 2.10 | 10.90 | 0.37 | (0.74) | (1.54) |
| Closing cash | - | 9.37 | 29.82 | 11.67 | 0.72 | 0.35 | 1.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +19.8% | +49.7% | +8881.2% | -81.1% | -88.2% | -48.5% | - |
| EBITDA growth | +61.2% | +204.3% | +233.6% | -156.1% | -264.6% | -26.1% | - |
| PBT growth | +74.1% | +127.5% | +9998.0% | - | -46.9% | +53.0% | -21.7% |
| Net income growth | +74.9% | +124.9% | +261.3% | -484.4% | +275.9% | -93.0% | - |
| Revenue CAGR (3Y) | +444.1% | +194.3% | +26.2% | -77.4% | -17.9% | +31.6% | +45.3% |
| EBITDA CAGR (3Y) | - | - | +77.9% | - | - | +71.0% | -36.8% |
| Profitability & leverage | |||||||
| Net income margin | +16.3% | +11.2% | +7.5% | -397.0% | +24.4% | +0.6% | +5.8% |
| Return on capital employed | - | +26.1% | +10.8% | -4.3% | +1.4% | +5.5% | +4.3% |
| Return on net worth | - | +11.1% | +5.4% | -3.2% | +0.9% | +0.2% | +3.4% |
| Debt / equity | - | 0.01 | 0.00 | 0.00 | 0.04 | 0.13 | 0.40 |
| Long-term debt / equity | - | 0.01 | 0.00 | 0.00 | 0.04 | 0.13 | 0.40 |
| Interest cover | 49.85 | 55.15 | 48.87 | 0.00 | -8.04 | 238.55 | 258.51 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 4.12 | 4.46 | 0.14 | 0.66 | 5.35 | 8.25 |
| Inventory turnover | - | 1.39 | 0.95 | 0.01 | 0.08 | 0.67 | 0.89 |
| Debtors turnover | - | 162.63 | 266.79 | 2.97 | 11.10 | 100.27 | 194.78 |
| EPS (₹) | 0.68 | 0.39 | 0.17 | (0.10) | 0.03 | 0.01 | 0.13 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 3.68 | 3.30 | 3.12 | 3.23 | 3.19 | 3.18 |
To see the full year-wise statements and ratios of Nila Spaces Limited, buy the company report.
Board of directors of Nila Spaces Limited
Nila Spaces has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Bholabhai Patel Also directs: Vdisha Buildway LLP, Awaas Sewa Private Limited | Director | 19 Jun 2018 | 8 Years 4 Months | Current |
| Shrinjay Joshi | Director | 10 Feb 2020 | 6 Years 8 Months | Current |
| Prashant Himatbhai Sarkhedi Also directs: Bagmar Nila Projects (Udaipur) LLP, Bagmar Nila Projects (Jodhpur) LLP, Design Solutions Limited and 5 more | Whole-Time Director | 12 Oct 2017 | 9 Years 0 Months | Current |
| Deep Shaileshbhai Vadodaria Also directs: Plouton Sanctum Private Limited, Nila Urban Living Private Limited, Nilsan Realty LLP and 5 more | Whole-Time Director | 12 Oct 2017 | 9 Years 0 Months | Current |
| Rajal Bhanukumar Mehta | Director | 19 Jul 2018 | 8 Years 3 Months | Current |
| Kruti Manan Shah Also directs: First Penguin LLP | Director | 26 Aug 2023 | 3 Years 2 Months | Current |
Peer comparison
Nila Spaces Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nila Spaces Limitedthis company | ₹185.02 Cr (FY 2026) | ₹28.54 Cr | 15.4% | 36.2% | 7 | Ahmedabad, Gujarat, India |
| Almond Infrabuild Private Limited | ₹145.52 Cr (FY 2025) | 47.0% | New Delhi, Delhi, India | |||
| Unique India Constructions Private Limited | ₹144.96 Cr (FY 2024) | -39.0% | Hyderabad, Telangana, India | |||
| Sumit Woods Limited | ₹144.03 Cr (FY 2025) | -21.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Nila Spaces Limited, buy the company report.
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 61.90%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 38.10%.
Sep 2026
QUARTER
61.90% Promoters
38.10% Retail & Others
Promoter holding - history
Now 61.90% · Sep 2026High 61.90% · Dec 2025Low 61.90% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 61.90% | 61.90% | 61.90% | 61.90% |
| Public | 38.10% | 38.10% | 38.10% | 38.10% |
Charges & borrowings
Open charges
₹151.82 Cr
Satisfied charges
₹217 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 May 2026 | 101296477 | Others | ₹150 Cr | Open | |
| 13 Aug 2025 | 101150428 | Others | ₹1.59 Cr | Open | |
| 10 May 2023 | 100719885 | Hdfc Bank Limited | ₹23 Lakh | Open | |
| 29 Aug 2025 | 101159427 | Others | ₹125 Cr | Satisfied | |
| 24 Aug 2023 | 100771906 | Others | ₹2 Cr | Satisfied |
To see the full charge records of Nila Spaces Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Nila Spaces Limited has 5 deals on record (4 market trades, 1 acquisition); the latest was in February 2024.
Total deals
5
Market trades
4
Acquisition
1
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Market trade | ₹2.11 Cr | Seller: Antara India Evergreen Fund Ltd |
| Aug 2023 | Market trade | ₹84.7 Lakh | Buyer: Jainam Broking Limited Seller: M/S. Prarthana Enterprises |
| Jul 2023 | Market trade | ₹95.7 Lakh | Buyer: Krone Investments Seller: Krone Investments |
| Mar 2021 | Market trade | ₹82.2 Lakh | Buyer: M/S. Prarthana Enterprises Seller: an individual |
| Oct 2017 | Acquisition | Undisclosed | Buyer: Nila Infrastructures Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nila Spaces Limited has 3 court cases on record: 3 filed by Nila Spaces. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
| District courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 1 other | Pending |
| District court, GANDHINAGAR, Gujarat | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 2 others | Disposed |
To see the full case history of Nila Spaces Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Nila Spaces Limited has 2 MSME Form 1 returns on record between 2023 and 2024, listing 6 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sanwaliya Seth Gardens Private Limited | |||
| Ensol Projects Private Limited | |||
| Kinny Fibreglass Private Limited | |||
| an individual supplier | |||
| Blocher Blocher India Private Limited |
To see the full MSME payment records of Nila Spaces Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Nila Spaces has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Nila Spaces Limited has a workforce of 7 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Employee growth
-41.67%
GST
Nila Spaces has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCG2246E1Z5 | Gujarat | Active | 18 May 2018 |
| 24AABCG2246E2Z4 | Gujarat | Active | 05 Apr 2023 |
To see the full GST registrations and return filing status of Nila Spaces Limited, buy the company report.
Recent activity
Nila Spaces Limited has 19 board changes on record since 2003: 13 appointments and 6 cessations. The latest: Kruti Manan Shah was appointed as Director on 26 Aug 2023.
Charges
A charge with Others of Rs. 150.00 Cr registered on 23 May 2026 with Charge ID 101296477 was modified on 01 Jun 2026.
Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 101296477 was registered on 23 May 2026.
Charges
A charge registered on 29 Aug 2025 via Charge ID 101159427 with Others was fully satisfied on 22 May 2026.
Filing
Nila Spaces Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 125.00 Cr with Charge ID 101159427 was registered on 29 Aug 2025.
Charges
A charge with Others amounted to Rs. 1.59 Cr with Charge ID 101150428 was registered on 13 Aug 2025.
AGM
Nila Spaces Limited last Annual general meeting of members was held on 04 Aug 2025 as per latest MCA records.
Charges
A charge registered on 24 Aug 2023 via Charge ID 100771906 with Others was fully satisfied on 29 Aug 2024.
Appointed
Kruti Manan Shah was appointed as Director.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100771906 was registered on 24 Aug 2023.
Appointed
Amit Chokshi was appointed as Director.
Ceased
Jasvinder Singh Rana ceased to be Director.
22 earlier events are in the company report.
News
Frequently asked questions
Nila Spaces is an active public limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 03 May 2000 (26+ years old) and is registered under CIN L45100GJ2000PLC083204. Listed on BSE: 542231 and NSE: NILASPACES.
Nila Spaces reported revenue of ₹185.02 Cr for FY 2025-26 (up 36.2% YoY) based on consolidated financials.
Nila Spaces has 6 current directors:
- Prashant Himatbhai Sarkhedi - Whole-Time Director
- Deep Shaileshbhai Vadodaria - Whole-Time Director
- Anand Bholabhai Patel - Director
- Shrinjay Joshi - Director
- Rajal Bhanukumar Mehta - Director
- Kruti Manan Shah - Director
The latest financial statements of Nila Spaces on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 04 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nila Spaces is 24AABCG2246E1Z5, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AABCG2246E2Z4 (Gujarat).
The CIN (Corporate Identification Number) of Nila Spaces is L45100GJ2000PLC083204. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Nila Spaces is a listed company as per MCA records. Its shares are listed on both BSE (code: 542231) and NSE (symbol: NILASPACES).
Nila Spaces has 3 court cases on record: 3 filed by the company. 1 is pending. Most are in the high courts.
Nila Spaces was incorporated on 03 May 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nila Spaces has 5 deals on record (4 market trades, 1 acquisition); the latest was in February 2024.
The peers of Nila Spaces by revenue are Almond Infrabuild Private Limited, Unique India Constructions Private Limited, Sumit Woods Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Kruti Manan Shah was appointed as Director on 26 Aug 2023. Amit Chokshi was appointed as Director on 21 Aug 2023. Jasvinder Singh Rana ceased to be Director on 24 Jul 2023. Nila Spaces has 19 board changes on record in total.