Synopsis:
Nila Spaces jumped to hit a 10 percent upper circuit on receiving RERA approval for its project “PRANA” situated at GIFT City, Gandhinagar, Gujarat.
The shares of this realty-based company are in focus as it received a key approval from RERA for its project in the vibrant city of Gujarat. In this article, we will dive deep into the details.
With a market capitalisation of Rs 540 crores, the shares of Nila Spaces Ltd are currently trading at Rs 13.72 per share, down by 29 percent from its 52-week high of Rs 19.40 per share. Over the past five years, the stock has delivered a multibagger return of 1,009 percent.
Nila Spaces, through a stock exchange filing, announced that the company has received approval from the Gujarat Real Estate Regulatory Authority (“RERA Authority”) to launch its project ‘PRANA’. The project is to be executed by its subsidiary, Nila Urban Living Pvt Ltd, where Nila Spaces holds a 90 percent stake. This approval makes the company eligible to commence commercial activities and marketing of the residential project “PRANA”.
PRANA is a unique residential project by Nila Spaces in GIFT City, Gandhinagar. It caters to modern working individuals who seek a healthy and peaceful lifestyle. The project includes features like rooftop yoga, meditation spaces, gyms, and smart-home systems.
Additionally, it has a large wellness club that blends traditional and modern methods to lower stress and improve health. Homes are available in studio, 1 BHK, and 2 BHK options. With shared lounges, children’s areas, and co-working spaces, PRANA strives to provide residents with a comfortable and balanced living experience.
Also read: Alcohol stock hits 10% upper circuit after CEO and CFO resign
Financial Highlights
The company reported a revenue of Rs 136 crores in FY25, up by 49.45 percent from its FY24 revenue of Rs 91 crores. Additionally, the company reported a net profit increase of 15.38 percent to Rs 15 crore in FY25 from Rs 13 crore in FY24. The stock delivered an ROE and ROCE of 10.88 percent and 24.93 percent respectively, and is currently trading at a P/E of 36.83x as compared to its industry average of 42.60x.
NILA Spaces Limited is a pioneering real estate development company focused on building sustainable, community-driven, and wellness-oriented urban environments. With a design-first approach and a commitment to future-ready living, NILA Spaces is redefining the possibilities of real estate in India’s smart cities and beyond.
Written by Satyajeet Mukherjee
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
