Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Nila Spaces Ltd

NILASPACES
Entertainment & Media

Nila Spaces Ltd's earnings have outrun its stock. EPS grew +94.6% in a year against a −20.2% price move.

The sharpest disagreement: profits are rising, but only −33% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a downtrend (29 weeks in) while the P/E sits at the 23rd percentile of its own 7-year range. Underneath, the last four quarters read improving — profit +47.3% year on year, and −33% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Price
₹12.3
−20.2% 1Y
P/E
15.5×
23rd pctile
of its own 7-year range
Revenue (Jun 26)
₹46.7 Cr
+14.3% YoY
Profit (Jun 26)
₹8.6 Cr
+47.3% YoY
Operating margin
38.7%
+9.1 pp YoY
ROCE
31%
FY26
ROIC
17.9%
vs WACC 12.0% → +5.9 pp
Cash conversion
−33%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Nila Spaces Ltd trades at ₹12.3, in a downtrend and 29 weeks into that stage. That is −7.4% against its own 200-day average. It sits at 5% of a 52-week range of ₹12 to ₹19. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (34 weeks and counting).

Today the stock is in a downtrend — week 29 of stage 4, confirmed. At ₹12.3 it trades −7.4% versus its 200-day average and sits at 5% of its 52-week range (₹12–₹19).

Sep 26: ₹12.3 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−7.4% versus the 200-day line, week 29 of stage 4
Price50-day avg200-day avg
S2S2S4₹20.4₹15.7₹11.0₹6.3₹1.7₹12₹13Sep 23May 24Feb 25Nov 25Sep 26
S2S2S4₹20.4₹15.7₹11.0₹6.3₹1.7₹12₹13Sep 23Feb 25Sep 26
Beating or trailing, week by week since 2018 Each cell is one week from 2018 to now (398 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Dec 18Sep 26

Against the market, two honest reads. Cumulative: over the last 7.7 years the stock moved +246% while the NIFTY 500 moved +151% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (34 weeks and counting; last ahead the week of 2025-12-12) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Nila Spaces Ltd trades at 15.5× P/E, near the bottom of its own range — cheaper only 23% of the time. Its long-run median P/E is 24.9×, measured across 7.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 15.5× is near the bottom of its own range — cheaper only 23% of the time, against a long-run median of 24.9× measured over 7.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 15.5× vs a 24.9× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 7.3-year window; loss-period spikes above 41× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
near the bottom of its own range — cheaper only 23% of the time
P/EMedianEPS (TTM) (quarterly)
44.3×₹0.933.2×₹0.622.1×₹0.411.1×₹0.20.0×₹0.0×15.50×₹1May 19May 20Sep 24Sep 25Sep 26
44.3×₹0.933.2×₹0.622.1×₹0.411.1×₹0.20.0×₹0.0×15.50×₹1May 19Sep 24Sep 26
P/E
15.5×
23rd percentile of 7y

Why the multiple sits where it does: over the past year annual EPS moved +94.6% against a −20.2% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · What the price assumes

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 13 June 2026 price, Nila Spaces Ltd was paying for profit growth of about 10.7% a year. Profit itself has compounded 17.1% a year over the past 9 years. Today the market pays 15.5× P/E, the 23rd percentile of its own 7-year range.

What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is below what this company has actually delivered.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

04 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Nila Spaces Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 7 quarters across 1 curve, on partial evidence.

Growth, year by year: revenue +36.0% in FY26, profit +93.3% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
9,727%234%7,091%112%4,456%−10%1,820%−132%−816%−254%%%36%93.3%FY17FY21FY26
9,727%234%7,091%112%4,456%−10%1,820%−132%−816%−254%%%36%93.3%FY17FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue accelerating, profit accelerating
RevenueProfitEPS
129%106%95%77%61%48%26%19%−8.2%−10%%%31.2%75.5%71.7%Sep 23Dec 24Jun 26
129%106%95%77%61%48%26%19%−8.2%−10%%%31.2%75.5%71.7%Sep 23Dec 24Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
34%23%13%2.6%−7.9%%31%FY23FY24FY26
34%23%13%2.6%−7.9%%31%FY23FY24FY26
ROCE
Rising
latest 31.0% · span −5.0%–31.0%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+36.0%+469.8%+32.7%
Profit+93.3%
EPS+94.6%
Share price−20.2%+50.5%+47.6%
Revenue YoY (Jun 26)
+14.3%
latest quarter vs a year ago
Profit YoY (Jun 26)
+47.3%
latest quarter vs a year ago
Revenue 10y
22.9%
long-run compound pace
05 · 4-Factor Sector Score

4-Factor Sector Score

71.2/100 — rank 1 of 25 in Entertainment & Media · 81% evidence confidence

Nila Spaces Ltd scores 71.2 out of 100 against the 25 companies it is compared with in Entertainment & Media, ranking 1. Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.

The four contributions add to the total exactly: 28.5 + 20 + 11.6 + 11.1 = 71.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

06 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Nila Spaces Ltd reported ₹46.7 Cr of revenue in the Jun 26 quarter, +14.3% year on year. That is the 6th straight quarter of year-on-year growth. Over 9 years it has compounded at 22.9% a year. The last full year, FY26, came in at ₹185 Cr. The last four reported quarters add to ₹191 Cr.

FY26 revenue came in at ₹185 Cr (+36.0% on the year), capping 9 years at 22.9% compound. The latest quarter (Jun 26) printed ₹46.7 Cr, +14.3% year on year — the 6th consecutive quarter of year-over-year growth.

FY26 revenue ₹185 Cr (+36.0% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 10-year window. A bar is red when it is lower than the year before.
22.9% a year over 9 years
RevenueYoY growth
2009,727%1507,091%1004,456%501,820%0−816%₹ Cr%₹18536%FY17FY21FY26
2009,727%1507,091%1004,456%501,820%0−816%₹ Cr%₹18536%FY17FY21FY26
Jun 26: ₹46.7 Cr (+14.3% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
6th straight quarter of growth
Revenue (quarterly)YoY growth
6366%4737%327.3%16−22%0−52%₹ Cr%₹4714.3%Sep 23Dec 24Jun 26
6366%4737%327.3%16−22%0−52%₹ Cr%₹4714.3%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +32.5% growth against the decade's 22.9% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +31.2% over the last 4 quarters against +25.2%/yr over the last 8 — accelerating; TTM profit +75.5% vs +39.4%/yr — accelerating.

07 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Nila Spaces Ltd's operating margin is 38.7% in the Jun 26 quarter, +9.1 percentage points against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged −815.0% to 35.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 38.7%, +9.1 pp against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged −815.0%–35.0%.

Why the margin moved: operating margin went +9.1 pp year on year while gross margin went +8.8 pp — the gain came mostly from the gross line: input costs and pricing.

FY26: 31.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 10-year window.
within a −815.0–35.0% band over 10 years
operating marginYoY change (pp)
103%954%−144%494%−390%35%−637%−424%−883%−884%%%31%7%FY17FY21FY26
103%954%−144%494%−390%35%−637%−424%−883%−884%%%31%7%FY17FY21FY26
Jun 26: 38.7% operating margin (+9.1 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
41%16%33%12%26%7.3%18%2.8%10%−1.7%%%38.7%9.1%Sep 23Dec 24Jun 26
41%16%33%12%26%7.3%18%2.8%10%−1.7%%%38.7%9.1%Sep 23Dec 24Jun 26
08 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Nila Spaces Ltd earned ₹8.6 Cr of net profit in the Jun 26 quarter, +47.3% year on year. It is the 6th consecutive quarter of growth. Full-year FY26 profit was ₹29.0 Cr. The 9-year compound rate is 17.1%. That is 18.4% of the quarter's revenue. The same quarter a year earlier earned ₹5.8 Cr.

Jun 26 profit was ₹8.6 Cr, +47.3% year on year — the 6th consecutive quarter of growth. On the full year, FY26 printed ₹29.0 Cr (+93.3%), and the 9-year compound rate is 17.1%.

FY26 profit ₹29.0 Cr (+93.3% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 10-year window. A bar is red when it is lower than the year before.
17.1% a year over 9 years
Net profitYoY growth
32232%22116%130.0%3−116%−7−232%₹ Cr%₹2993.3%FY17FY21FY26
32232%22116%130.0%3−116%−7−232%₹ Cr%₹2993.3%FY17FY21FY26
Jun 26: ₹8.6 Cr (+47.3% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
6th straight quarter of growth
Net profit (quarterly)YoY growth
13144%987%630%2−27%−1−83%₹ Cr%₹947.3%Sep 23Dec 24Jun 26
13144%987%630%2−27%−1−83%₹ Cr%₹947.3%Sep 23Dec 24Jun 26

Why profit moved: revenue contributed +14.3% and the margin +9.1 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +77.7% vs revenue +32.5%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

09 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −33% of Nila Spaces Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−29.0 Cr of operating cash against ₹29.0 Cr of profit. After ₹6.0 Cr of capital spending, ₹−35.0 Cr was left as free cash.

FY26: operating cash of ₹−29.0 Cr against reported profit of ₹29.0 Cr, leaving free cash of ₹−35.0 Cr after ₹6.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −33% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹−29.0 Cr vs profit ₹29.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 10-year window, annual resolution. FY19 reflects an acquisition year — point shown clipped.
−33% of 3-year profit arrived as cash
Operating cashNet profitFree cash
57315−21−47₹ Cr₹−29₹29₹−35FY17FY21FY26
57315−21−47₹ Cr₹−29₹29₹−35FY17FY21FY26
FY26: CFO = −100% of profit (three-year rate −33%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
345%181%17%−148%−312%%−100%FY17FY21FY26
345%181%17%−148%−312%%−100%FY17FY21FY26

🚨 Why conversion sits at −33%: the cash cycle stretched 833 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 833 days — the next section's job is to find where the cash is stuck.

10 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Nila Spaces Ltd's cash conversion cycle runs 836 days in FY26, up from 3 days in FY21. Capital spending ran ₹31.0 Cr over the last 3 years. At FY26 sales of ₹185 Cr each day of that cycle holds about ₹0.5 Cr, so roughly ₹424 Cr sits inside the business at any moment.

FY26: debtors at 2 days, inventory at 878 days — roughly 28.9 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 836 days, looser than FY21's 3.

The full loop: cash goes out to suppliers and production on day 0; stock waits 878 days to sell; customers pay about 2 days after that; and suppliers themselves are paid at 44 days — netting out to the 836-day cycle.

In money terms: at FY26 sales of ₹185 Cr, each day of the cycle holds about ₹0.5 Cr — so the 836-day loop keeps roughly ₹424 Cr sitting inside the business at any moment.

FY26: a 836-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 10-year window.
+833 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
948694440186−68days836d878d2d44dFY17FY19FY21FY23FY26
948694440186−68days836d878d2d44dFY17FY21FY26

On the investment side: capital spending of ₹31.0 Cr over the last 3 fiscal years against ₹11.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹6.0 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
2819112−7₹ Cr₹6₹0FY18FY20FY22FY24FY26
2819112−7₹ Cr₹6₹0FY18FY22FY26

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

11 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Nila Spaces Ltd earns a ROCE of 31% in FY26. That is up from a trough of −5% in FY23. Return on invested capital clears the cost of that capital by +5.9 percentage points, so growth here adds value rather than only size. The wiring behind it is 15.7% net margin on 0.51× asset turns.

FY26 ROCE is 31%, recovered from a FY23 trough of −5% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 15.7% net margin × 0.51× asset turns × 2.14× balance-sheet leverage ≈ 17.1% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 17.9% − 12.0% = a +5.9 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

FY26: ROCE 31% Return on capital employed by fiscal year, % (line). 9-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY23's −5%
ROCEWACC
34%23%13%2.6%−7.9%%31%FY18FY20FY22FY24FY26
34%23%13%2.6%−7.9%%31%FY18FY22FY26
12 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Nila Spaces Ltd carries ₹79.0 Cr of borrowings against ₹170 Cr of equity in FY26, a debt-to-equity of 0.46. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹10.0 Cr to ₹79.0 Cr. Capital spending ran ₹31.0 Cr across the last 3 of those years.

FY26: borrowings of ₹79.0 Cr against equity of ₹170 Cr — a debt-to-equity of 0.46. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹10.0 Cr to ₹79.0 Cr while capital spending ran ₹31.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY26: borrowings ₹79.0 Cr at 0.46× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 10-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
850.7×640.5×430.3×210.1×0−0.1×₹ Cr×₹790.46×FY17FY19FY21FY23FY26
850.7×640.5×430.3×210.1×0−0.1×₹ Cr×₹790.46×FY17FY21FY26
13 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Nila Spaces Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.0 points over the same window, to 61.9%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −0.9 points over 8 quarters to 0.0%; Promoters: +0.0 points over 8 quarters to 61.9%.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Public
67%49%31%13%−5.0%%61.9%0.1%38.0%Mar 24Mar 25Mar 26
67%49%31%13%−5.0%%61.9%0.1%38.0%Mar 24Mar 25Mar 26
A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Public
67%49%31%13%−5.0%%61.9%0%38.1%Jun 23Dec 24Jun 26
67%49%31%13%−5.0%%61.9%0%38.1%Jun 23Dec 24Jun 26
14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Nila Spaces Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

15 · Related companies · Entertainment & Media
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Nila Spaces Ltdthis pageNILASPACES 71.2/100Favorable setup81% evidence TURNING 28.5/35 Revenue 31.1% · PAT 75.5% · OPM change 9.1 pp 95% evidence 20.0/25 ROCE 31.3% · OPM 38.7% 95% evidence 11.6/20 P/E 15.5× · PEG — 50% evidence 11.1/20 RS sector 4% · RS bench -13.6% · 1Y -17.4%0 of 6 weeks ahead 70% evidence
Exact sum: 28.5 + 20 + 11.6 + 11.1 = 71.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2PVR Inox LtdPVRINOX 69.3/100Favorable setup91% evidence BREAKING OUT 23.3/35 Revenue 13.7% · PAT 100% · OPM change 5 pp 74% evidence 10.5/25 ROCE 6.8% · OPM 33% 100% evidence 16.9/20 P/E 38.3× · PEG 0.71 100% evidence 18.6/20 RS sector 24.4% · RS bench 19.1% · 1Y 7.9%6 of 12 weeks ahead 100% evidence
Exact sum: 23.3 + 10.5 + 16.9 + 18.6 = 69.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Prime Focus LtdPFOCUS 65.6/100Favorable setup83% evidence BREAKING OUT 26.3/35 Revenue 29.2% · PAT 100% · OPM change 0 pp 100% evidence 11.6/25 ROCE 11.3% · OPM 24% 100% evidence 9.1/20 P/E 136× · PEG — 15% evidence 18.6/20 RS sector 32.4% · RS bench 27.5% · 1Y 96.3%4 of 12 weeks ahead 100% evidence
Exact sum: 26.3 + 11.6 + 9.1 + 18.6 = 65.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Hindustan Media Ventures LtdHMVL 63.1/100Mixed-positive evidence72% evidence FADING 23.2/35 Revenue 10.8% · PAT 2.3% · OPM change 8 pp 95% evidence 15.1/25 ROCE 11.5% · OPM 14% 95% evidence 13.1/20 P/E 3.7× · PEG — 50% evidence 11.7/20 RS sector — · RS bench 7.2% · 1Y —7 of 9 weeks ahead 25% evidence
Exact sum: 23.2 + 15.1 + 13.1 + 11.7 = 63.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Nazara Technologies LtdNAZARA 60.5/100Mixed-positive evidence79% evidence LEADER 11.9/35 Revenue -6.1% · PAT -80% · OPM change -13.7 pp 95% evidence 15.8/25 ROCE 27.1% · OPM -9% 76% evidence 13.1/20 P/E — · PEG — 35% evidence 19.7/20 RS sector 39.2% · RS bench 33.4% · 1Y 34.2%12 of 12 weeks ahead 100% evidence
Exact sum: 11.9 + 15.8 + 13.1 + 19.7 = 60.5 · Decision use: Price leads the evidence: RS versus the benchmark is 33.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
6H T Media LtdHTMEDIA 56.7/100Mixed-positive evidence79% evidence BREAKING OUT 18.4/35 Revenue 4.1% · PAT -80% · OPM change 9.9 pp 71% evidence 8.6/25 ROCE 6.3% · OPM 7% 95% evidence 13.7/20 P/E 4.8× · PEG — 50% evidence 16.0/20 RS sector 10.8% · RS bench 5.8% · 1Y -4.8%12 of 12 weeks ahead 100% evidence
Exact sum: 18.4 + 8.6 + 13.7 + 16 = 56.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Sun TV Network LtdSUNTV 54.9/100Mixed-positive evidence100% evidence BASING 18.2/35 Revenue 12.7% · PAT -8.6% · OPM change 2 pp 100% evidence 18.7/25 ROCE 16.4% · OPM 50% 100% evidence 12.7/20 P/E 11.9× · PEG 1.37 100% evidence 5.3/20 RS sector -8.1% · RS bench -12% · 1Y -14.4%0 of 12 weeks ahead 100% evidence
Exact sum: 18.2 + 18.7 + 12.7 + 5.3 = 54.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8City Pulse Multiventures Ltd542727 54.4/100Mixed-positive evidence65% evidence 22.4/35 Revenue 100% · PAT 100% · OPM change -166.4 pp 83% evidence 11.3/25 ROCE 2.6% · OPM 78.6% 76% evidence 8.7/20 P/E 268× · PEG — 15% evidence 12.0/20 RS sector 41.4% · RS bench -87.3% · 1Y -88.6%0 of 5 weeks ahead to 2026-08-09 70% evidence
Exact sum: 22.4 + 11.3 + 8.7 + 12 = 54.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Basilic Fly Studio LtdBASILIC 52.6/100Mixed-positive evidence70% evidence 13.4/35 Revenue — · PAT — · OPM change -3 pp 45% evidence 21.0/25 ROCE 22.3% · OPM 21% 95% evidence 14.4/20 P/E 9.5× · PEG — 50% evidence 3.8/20 RS sector -29.6% · RS bench -34.7% · 1Y -59.3%1 of 7 weeks ahead to 2026-08-09 100% evidence
Exact sum: 13.4 + 21 + 14.4 + 3.8 = 52.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
10Media Matrix Worldwide LtdMMWL 51.7/100Mixed-positive evidence80% evidence BREAKING OUT 15.3/35 Revenue -23.2% · PAT 100% · OPM change -0.5 pp 95% evidence 10.7/25 ROCE 9.8% · OPM 1.5% 95% evidence 8.8/20 P/E 215× · PEG — 15% evidence 16.9/20 RS sector 22.3% · RS bench 16.8% · 1Y 4.4%8 of 12 weeks ahead 100% evidence
Exact sum: 15.3 + 10.7 + 8.8 + 16.9 = 51.7 · Decision use: Price leads the evidence: RS versus the benchmark is 16.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
11Zee Media Corporation LtdZEEMEDIA 44.5/100Mixed-negative evidence72% evidence ASLEEP 20.7/35 Revenue 22.3% · PAT 98.3% · OPM change -2 pp 71% evidence 10.1/25 ROCE 5.3% · OPM 9% 95% evidence 9.0/20 P/E 144× · PEG — 15% evidence 4.7/20 RS sector -10.2% · RS bench -14.4% · 1Y -39.6%4 of 12 weeks ahead 100% evidence
Exact sum: 20.7 + 10.1 + 9 + 4.7 = 44.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Panorama Studios International LtdPANORAMA 43.4/100Mixed-negative evidence69% evidence 10.4/35 Revenue -23.7% · PAT -53.7% · OPM change 5 pp 95% evidence 12.5/25 ROCE 8.7% · OPM 11% 76% evidence 9.6/20 P/E 58× · PEG — 15% evidence 10.9/20 RS sector -4.5% · RS bench 18.5% · 1Y 10.2%0 of 12 weeks ahead 70% evidence
Exact sum: 10.4 + 12.5 + 9.6 + 10.9 = 43.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Balaji Telefilms LtdBALAJITELE 40.4/100Mixed-negative evidence64% evidence TURNING 14.5/35 Revenue 0.8% · PAT -80% · OPM change 24 pp 71% evidence 6.0/25 ROCE -9.5% · OPM 11% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 9.9/20 RS sector -3.9% · RS bench -8.5% · 1Y -17.2%1 of 12 weeks ahead 100% evidence
Exact sum: 14.5 + 6 + 10 + 9.9 = 40.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Hathway Cable & Datacom LtdHATHWAY 38.4/100Mixed-negative evidence87% evidence ASLEEP 12.6/35 Revenue 5.7% · PAT -28.3% · OPM change -4 pp 95% evidence 8.0/25 ROCE 2.6% · OPM 13% 95% evidence 9.3/20 P/E 23.9× · PEG — 50% evidence 8.5/20 RS sector -6.2% · RS bench -10.8% · 1Y -30%3 of 12 weeks ahead 100% evidence
Exact sum: 12.6 + 8 + 9.3 + 8.5 = 38.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Dish TV India LtdDISHTV 38.1/100Mixed-negative evidence69% evidence BASING 14.2/35 Revenue -23.8% · PAT -71.9% · OPM change -63 pp 71% evidence 12.4/25 ROCE 70% · OPM -41% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 1.5/20 RS sector -23.8% · RS bench -27.7% · 1Y -53.8%2 of 12 weeks ahead 100% evidence
Exact sum: 14.2 + 12.4 + 10 + 1.5 = 38.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Network 18 Media & Investments LtdNETWORK18 36.9/100Mixed-negative evidence66% evidence ASLEEP 17.3/35 Revenue -48.5% · PAT 97.8% · OPM change 0.5 pp 95% evidence 5.6/25 ROCE 3% · OPM 1.4% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 4.0/20 RS sector -24.1% · RS bench -27.4% · 1Y -50.7%0 of 10 weeks ahead 70% evidence
Exact sum: 17.3 + 5.6 + 10 + 4 = 36.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Den Networks LtdDEN 35.9/100Mixed-negative evidence81% evidence TURNING 10.4/35 Revenue -2.3% · PAT -29.8% · OPM change -3.3 pp 95% evidence 7.0/25 ROCE 3.2% · OPM 4.7% 95% evidence 11.4/20 P/E 8.7× · PEG — 50% evidence 7.1/20 RS sector -10.2% · RS bench -7.2% · 1Y -25%1 of 10 weeks ahead 70% evidence
Exact sum: 10.4 + 7 + 11.4 + 7.1 = 35.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18T.V. Today Network LtdTVTODAY 34.0/100Adverse evidence81% evidence TURNING 12.1/35 Revenue -7.8% · PAT -43.3% · OPM change 5.9 pp 95% evidence 8.1/25 ROCE 4.5% · OPM 8% 95% evidence 7.9/20 P/E 23.9× · PEG — 50% evidence 5.9/20 RS sector -17.6% · RS bench -11.1% · 1Y -28.2%2 of 10 weeks ahead 70% evidence
Exact sum: 12.1 + 8.1 + 7.9 + 5.9 = 34 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Zee Entertainment Enterprises LtdZEEL 31.4/100Adverse evidence94% evidence ASLEEP 6.0/35 Revenue 2.4% · PAT -71.5% · OPM change -8 pp 100% evidence 6.5/25 ROCE 2.7% · OPM 5% 100% evidence 13.4/20 P/E 36.4× · PEG 0.28 100% evidence 5.5/20 RS sector -15.8% · RS bench -15.9% · 1Y -31.5%7 of 10 weeks ahead 70% evidence
Exact sum: 6 + 6.5 + 13.4 + 5.5 = 31.4 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
20Entertainment Network (India) LtdENIL 31.1/100Adverse evidence73% evidence 13.7/35 Revenue 3.9% · PAT -80% · OPM change 1.5 pp 71% evidence 3.9/25 ROCE -0.8% · OPM 7.9% 95% evidence 5.5/20 P/E 364× · PEG — 50% evidence 8.0/20 RS sector -3.2% · RS bench -18.6% · 1Y -35.5%0 of 5 weeks ahead to 2026-08-09 70% evidence
Exact sum: 13.7 + 3.9 + 5.5 + 8 = 31.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21GTPL Hathway LtdGTPL 30.4/100Adverse evidence81% evidence BASING 10.2/35 Revenue 8.3% · PAT -80% · OPM change -1.5 pp 95% evidence 10.6/25 ROCE 3.5% · OPM 10.3% 95% evidence 6.0/20 P/E 84.3× · PEG — 50% evidence 3.6/20 RS sector -31% · RS bench -21.6% · 1Y -48.3%0 of 10 weeks ahead 70% evidence
Exact sum: 10.2 + 10.6 + 6 + 3.6 = 30.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22New Delhi Television LtdNDTV 27.9/100Adverse evidence69% evidence ASLEEP 10.4/35 Revenue 12.1% · PAT -39.6% · OPM change -4 pp 71% evidence 1.6/25 ROCE -72.6% · OPM -58% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 5.9/20 RS sector -9.3% · RS bench -13.7% · 1Y -35.1%3 of 12 weeks ahead 100% evidence
Exact sum: 10.4 + 1.6 + 10 + 5.9 = 27.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23Bright Outdoor Media Ltd543831 61.4/100Thin evidence · provisional48% evidence 20.2/35 Revenue 50.9% · PAT 100% · OPM change 1 pp 27% evidence 16.6/25 ROCE 15.7% · OPM 23% 57% evidence 9.2/20 P/E 43.7× · PEG — 50% evidence 15.4/20 RS sector 22.3% · RS bench 17.4% · 1Y 17.9%12 of 12 weeks ahead to 2026-04-05 70% evidence
Exact sum: 20.2 + 16.6 + 9.2 + 15.4 = 61.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
24Amagi Media Labs LtdAMAGI 52.7/100Thin evidence · provisional38% evidence BREAKING OUT 23.1/35 Revenue — · PAT — · OPM change 7.4 pp 45% evidence 10.3/25 ROCE 8% · OPM 7% 76% evidence 9.3/20 P/E 125× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —12 of 12 weeks ahead 0% evidence
Exact sum: 23.1 + 10.3 + 9.3 + 10 = 52.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
25DAPS Advertising Ltd543651 50.7/100Thin evidence · provisional43% evidence 17.9/35 Revenue — · PAT — · OPM change 0.7 pp 15% evidence 12.7/25 ROCE 9.9% · OPM 5.4% 57% evidence 13.9/20 P/E 8.5× · PEG — 50% evidence 6.2/20 RS sector -20.1% · RS bench -6.2% · 1Y -18.2%0 of 10 weeks ahead to 2026-03-29 70% evidence
Exact sum: 17.9 + 12.7 + 13.9 + 6.2 = 50.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is Nila Spaces Ltd's share price today?

Nila Spaces Ltd trades at ₹12.3, −20.2% over the past year. The company is valued at ₹484 Cr. The stock sits at 5% of its 52-week range of ₹12–₹19, −7.4% versus its 200-day average. On the tape, the price is in a downtrend, 29 weeks in. — as of 11 September 2026.

What were Nila Spaces Ltd's latest quarterly results?

Nila Spaces Ltd reported revenue of ₹46.7 Cr and net profit of ₹8.6 Cr for the Jun 26 quarter. Revenue rose 14.3% and profit rose 47.3% year on year. Earnings per share were ₹0.22. The operating margin was 38.7%, 9.1 pp higher than a year earlier. — as of 11 September 2026.

What is Nila Spaces Ltd's revenue?

Nila Spaces Ltd reported revenue of ₹46.7 Cr in the Jun 26 quarter, +14.3% year on year. For the full FY26 fiscal year, revenue was ₹185 Cr (+36.0%). Over the last 9 years revenue compounded at 22.9% a year. — as of 11 September 2026.

What is Nila Spaces Ltd's profit?

Nila Spaces Ltd earned ₹8.6 Cr of net profit in the Jun 26 quarter, +47.3% year on year — the 6th straight quarter of growth. Full-year FY26 profit was ₹29.0 Cr. The operating margin ran 38.7% in the latest quarter. — as of 11 September 2026.

What is Nila Spaces Ltd's market cap?

Nila Spaces Ltd's market capitalisation is ₹484 Cr at a share price of ₹12.3. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Nila Spaces Ltd's P/E ratio?

Nila Spaces Ltd trades at a P/E of 15.5×, at the 23rd percentile of its own 7-year range, against a long-run median of 24.9×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Nila Spaces Ltd pay a dividend?

No — Nila Spaces Ltd has recorded a dividend payout of 0% of profit in each of its last 10 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 11 September 2026.

Is Nila Spaces Ltd overvalued?

On its own history, Nila Spaces Ltd looks cheap: its P/E of 15.5× has been cheaper only 23% of the time in 7 years (long-run median 24.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

Is Nila Spaces Ltd growing?

Yes — Nila Spaces Ltd is growing: latest-quarter revenue +14.3% year on year, profit +47.3%, and the margin +9.1 pp at 38.7%. The 9-year compound rates are 22.9% (revenue) and 17.1% (profit). The earnings engine currently reads: improving — as of 11 September 2026.

How is Nila Spaces Ltd performing?

Nila Spaces Ltd is in a downtrend, 29 weeks in. Its latest quarter's revenue rose 14.3% and profit rose 47.3% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 34 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

Is Nila Spaces Ltd in an uptrend?

No — the price is in a downtrend (week 29 of stage 4), trading −7.4% versus its 200-day average and at 5% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is Nila Spaces Ltd beating the market?

Not lately — on a trailing-13-week view Nila Spaces Ltd is currently behind the NIFTY 500 (34 weeks and counting; last ahead the week of 2025-12-12), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 7.7 years the stock moved +246% against the NIFTY 500's +151% — ahead of the index over the full window. — as of 11 September 2026.

Will Nila Spaces Ltd's share price go up?

This page publishes no price forecast for Nila Spaces Ltd. What it measures instead: the share price is ₹12.3, the price is in a downtrend 29 weeks in. Its P/E of 15.5× sits at the 23rd percentile of its own 7-year range. — as of 11 September 2026.

Who owns Nila Spaces Ltd?

Promoters hold 61.9% of Nila Spaces Ltd, foreign institutions 0.0%, domestic institutions null% and the public 38.1% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.

Does Nila Spaces Ltd have too much debt?

It is moderate — Nila Spaces Ltd's debt-to-equity is 0.46, and operating profit covers the interest bill 2×. FY26 borrowings were ₹79.0 Cr against equity of ₹170 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.

What is Nila Spaces Ltd's capex?

Nila Spaces Ltd spent ₹31.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹6.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Nila Spaces Ltd's cash flow?

Nila Spaces Ltd consumed ₹29.0 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−35.0 Cr). Operating cash was negative while the company reported a profit of ₹29.0 Cr. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Nila Spaces Ltd's profit real cash?

No — operating cash was negative over the last 3 fiscal years: Nila Spaces Ltd consumed cash while reporting profit. In FY26, operating cash was ₹−29.0 Cr against reported profit of ₹29.0 Cr. Cash-flow resolution is annual — as of 11 September 2026.

Where is Nila Spaces Ltd in its business cycle?

Nila Spaces Ltd's FY26 operating margin was 31.0%, against a 10-year band of −815.0%–35.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 38.7%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What growth does Nila Spaces Ltd's price assume?

At its price on 13 June 2026, Nila Spaces Ltd was priced for profit growth of about 10.7% a year. Profit itself has compounded 17.1% a year over the past 9 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.

What could break the Nila Spaces Ltd story?

The sharpest disagreement: profits are rising, but only −33% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is Nila Spaces Ltd a stock worth studying right now?

This is not investment advice. The machine read: Nila Spaces Ltd's earnings have outrun its stock. EPS grew +94.6% in a year against a −20.2% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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