Market Watch
Nila Spaces Valuation Grade Moves to 'Very Attractive' in Market Model; Shares Near ₹9.90
A market-data publisher's stock commentary dated 26 October 2026 says the valuation grade for Ahmedabad-based Nila Spaces Ltd is now 'very attractive', with shares quoted near ₹9.90. The rating is the publisher's model output, not a company or regulatory view.
| Share price quoted (26 Oct 2026) | ₹9.90, against a previous close of ₹10.48, a one-day fall of 5.53% (publisher's figures) |
|---|---|
| Valuation grade | 'Very attractive' per the publisher's model; the same article dates the grade change to 13 May 2026 |
| Mojo Score and rating | 46.0 with a Sell grade, cut from 58 when the rating moved from Hold to Sell on 13 May 2026 |
| P/E and P/BV | 12.62 and 2.30, per the 26 Oct 2026 article |
| Market capitalisation | About ₹435 crore (₹435.64 crore on 16 Oct 2026, per a stock data page) |
| One-year return | -45.85%, per the publisher's rating article |
| GIFT City land parcel | 5,550 sq m bought for ₹342 crore after outbidding 10 competitors (reported by property trade press; auction date not confirmed) |
| Planned residential investment | ₹750 crore project at GIFT City, with a 100-metre residential building of 5.22 lakh sq ft (reported by property trade press) |
What was reported
On 26 October 2026, a market-data publisher ran a stocks-in-action commentary on Nila Spaces Ltd, a micro-cap realty stock listed on the NSE (NILASPACES) and BSE (542231). The piece says the publisher's valuation model has moved the stock's valuation grade from 'hold' to 'very attractive'. It quotes the share at ₹9.90, down from a previous close of ₹10.48.
The publisher's view is that the valuation shift suggests the stock may be undervalued relative to its fundamentals and sector peers. The same publisher rates the stock Sell, and its technical grade is Bearish. The article says the stock faces weak technical momentum and weak market performance.
The company did not comment in the source. No regulator has commented on the valuation grade.
Valuation grade history from the publisher's own pieces
The publisher's articles do not describe the valuation in a consistent way over time. Its own pieces give the following sequence:
| Date | Valuation description in the publisher's piece |
|---|---|
| 11 Jul 2025 | Moved from expensive to very expensive |
| Late 2025 to mid-2026 | Oscillated between 'expensive' and 'very expensive' (Q4 FY26 analysis) |
| 13 May 2026 | Rating revised from Hold to Sell, Mojo Score cut from 58 to 46 |
| 22 Sep 2026 | Described as moving from fair to attractive, with the stock at ₹12.15 and a P/E of 15.3 |
| 4 Oct 2026 | Sell rating article describing the valuation as attractive |
| 26 Oct 2026 | Valuation grade 'very attractive', with the grade change dated 13 May 2026 in the same article |
The 13 May 2026 date is the publisher's own date for the grade change. It should not be read as a new rating event on 26 October.
Share price context
Other stock data pages put the share at ₹10.97 on 19 October 2026. The publisher reported a fresh 52-week low of ₹10.03 on 22 October 2026.
Promoter holding is given as 60.12% in the publisher's rating article, which says it fell 1.78% in the last quarter. A Kotak Neo page gives 61.9% as of 18 October 2026. The two sources differ.
Results and the company
Nila Spaces is a real estate development company active in residential and commercial projects, mainly in Gujarat. Its key subsidiary is Nila Urban Living Private Limited. The company was listed on 28 December 2018.
For the quarter ended 30 June 2026 (Q1 FY27), sources differ. One report gives consolidated net profit of ₹8.5 crore and revenue of ₹46.7 crore, against ₹5.9 crore and ₹40.8 crore a year earlier. Comparison pieces give revenue of ₹49.90 crore and net profit of ₹8.47 to ₹8.60 crore. The publisher reports net profit up 44.54% year on year, and says both net profit and revenue fell from the previous quarter, by 7.93% and 6.29% respectively.
GIFT City land and the Vida project
Separately from the valuation story, property trade press reports that Nila Spaces outbid 10 competitors to buy a 5,550 sq m land parcel in Gujarat International Finance Tec-City (GIFT City) for ₹342 crore. The exact auction date was not confirmed.
The same reports say the company plans a ₹750 crore residential project on that land, with a 100-metre tall building of 5.22 lakh sq ft.
The company's existing GIFT City residential project is Nila Vida. Listings place it at Block No. 46, opposite a petrol pump, in GIFT City, Gandhinagar 382355. Listed prices start from ₹85 lakh or ₹97.88 lakh. Listings give 496 units and a possession date of 30 June 2028, and describe the project as under construction. Listing data differ, so buyers should check the RERA registration on the GujRERA portal before relying on any figure.
In December 2022, PSP Projects reported a letter of intent from Nila Spaces for civil construction of the Vida project, valued at ₹121.51 crore.
What it changes for home buyers
The valuation grade is a stock-market measure. It does not change the registration, possession timeline or prices of any Nila Spaces project. Buyers should check the RERA registration, the possession date and the price sheet directly with the developer and with the state regulator.
What it changes for investors
The publisher says the valuation shift may present an opportunity, but that this must be weighed against financial health and market sentiment. The same publisher rates the stock Sell and cites weak technical momentum. The rating is one model's output, and it changes from one article to the next. It is not investment advice from a regulator.
Location context
GIFT City is India's first International Financial Services Centre and a planned smart city on the Sabarmati River in Gandhinagar district. It is about 12 km from Sardar Vallabhbhai Patel International Airport. The Ahmedabad Metro Violet Line to GIFT City became operational in January 2026. The Union Cabinet approved a 3.33 km elevated extension of the North-South Metro Corridor from GIFT City to Shahpur on 24 February 2026, with three new stations and an estimated cost of about ₹1,067 crore. Completion is expected in roughly four years.
Frequently asked questions
Is 'very attractive' an official rating from a regulator?
No. It is the output of one market-data publisher's valuation model, reported in its own stock commentary dated 26 October 2026. Neither the company nor a regulator has commented on it.
Why does the same publisher call the stock 'Sell' and 'very attractive' at the same time?
The publisher uses separate grades. Its Sell rating reflects a combined score of 46.0, while the valuation grade is one component of that score. Its rating article of 13 May 2026 cut the Mojo Score from 58 to 46 and moved the rating from Hold to Sell.
Does this rating change the Nila Vida project?
No. The valuation grade concerns the listed stock. It does not change the RERA registration, possession date or prices of Nila Vida, and buyers should confirm these with the developer and the regulator.
What is the share price and how has it moved?
The publisher quotes ₹9.90 on 26 October 2026, against a previous close of ₹10.48. Other sources put the price at ₹10.97 on 19 October 2026, and the publisher reported a 52-week low of ₹10.03 on 22 October 2026.
Was the GIFT City land purchase part of this valuation story?
No. The land purchase for ₹342 crore is a separate report from property trade press. The valuation commentary does not mention it as a driver.