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NEL Holdings South Ltd. Stock Analysis

Small Cap
Evaluated by 277 users | BSE: 533202 | NSE: NITESHEST |
Construction - Real Estate
The Nitesh Estates was originally incorporated as Nitesh Estates on February 20, 2004 as a private limited company under the provisions of the Companies Act, 1956 in Bengaluru. It became a public limited company on November 3, 2009 and was named as Nitesh Estates Limited pursuant to a...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed -0.07%2.32%-0.78%-5.66%2.44%4.94%-1.25%-2.98%-5.78%-15.05%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 71.197.77946.911212587.119427.584.4
Y-o-Y Gr. Rt.-37.4%-19.1%-40.7%139%11.6%-30.3%123%-85.8%206.4%
Adjusted EPS (Rs.) -1.070.26-0.31-2.210.531.4-1.43-2.91-5.32-9.98
Y-o-Y Gr. Rt.-NA-219.2%NANA164.2%-202.1%NANANA
Book Value per Share (Rs.) 12.7931.8231.4929.2729.831.1529.6732.4223.418.83
Adjusted Net Profit -7.63.8-4.5-32.37.720.5-20.8-42.4-77.6-146
Net Op. Cash Flow (Rs. Cr.) -26.2-73.2-21.314.246.2-30.9-17.4-39.5-19120.4
Debt to Cash Flow from Ops -3.77-0.21-2.547.632.56-6.33-14.51-7.31-2.625.72
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
NEL Holdings South Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.9%-5.5%-1.1%206.4%
Adjusted EPS NA-279.9%NANA
Book Value per Share -4-21.6-33.2-62.3
Share Price -24.2% -37.1% -49.2% -8.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -10.371.36-0.98-7.291.794.61-4.69-9.37-19.05-61.89
Operating Profit Margin (%) -10.87-1.47-5.63-54.4113.9131.1-5.15-6.62-146.22-116.92
Net Profit Margin (%) -10.643.85-5.71-68.856.8816.39-23.88-21.82-281.68-172.41
Debt to Equity 1.090.030.120.250.270.430.580.611.464.07
Working Capital Days 8411,1521,8852,8881,2331,0681,5869849,4384,197
Cash Conversion Cycle 1931683359063611311942263,4811,821
Entity Percentage Holding
Promoters 44.81%
Institutions 9.53%
Non-Institutions 45.66%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of NEL Holdings South Ltd.'s performance infers:

NEL Holdings South Ltd. earnings have declined by -279.9%, whereas share price has depreciated -37.1% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of NEL Holdings South Ltd. share prices over the last 10 years. Here is what we found out:

NEL Holdings South Ltd. share price has depreciated -28.2% annually over the past ten years.

The Nitesh Estates was originally incorporated as Nitesh Estates on February 20, 2004 as a private limited company under the provisions of the Companies Act, 1956 in Bengaluru. It became a public limited company on November 3, 2009 and was named as Nitesh Estates Limited pursuant to a certificate for a change of name on November 3, 2009.

The company is promoted by Nitesh Shetty, Pushpalatha V Shetty and the corporate promoter of the company is Nitesh Industries Pvt. Ltd.

The company is

The Nitesh Estates was originally incorporated as Nitesh Estates on February 20, 2004 as a private limited company under the provisions of the Companies Act, 1956 in Bengaluru. It became a public limited company on November 3, 2009 and was named as Nitesh Estates Limited pursuant to a certificate for a change of name on November 3, 2009.

The company is promoted by Nitesh Shetty, Pushpalatha V Shetty and the corporate promoter of the company is Nitesh Industries Pvt. Ltd.

The company is in the business of real estate development and is primarily engaged in the development of residential projects in Bengaluru. It is also developing a hospitality project in Bengaluru, a residential and an office project in Kochi. The company is in the process of diversifying into the development of shopping-malls and is expanding its geographic reach to Chennai and Goa. Its residential projects include multi-unit apartment buildings targeted at high-income and middle-income customers. The company is currently developing its first hospitality project which is the first ‘Ritz-Carlton’ brand hotel in India, on Residency Road in the central business district of Bengaluru.

Ongoing Projects of the company

  • Nitesh Hyde Park, a residential project in the middle-income segment with 537 residential units, located at Bannerghatta Road, Bengaluru.
  • Nitesh Forest Hills, a residential project in the middle-income segment with 284 residential units, located in Whitefield, Bengaluru.
  • Nitesh Flushing Meadows, a residential project in the middle-income segment with 264 residential units, located in Whitefield, Bengaluru.
  • Nitesh Columbus Square, a residential project in the middle-income segment with 390 residential units, located off of Bellary Road, Bengaluru.
  • Nitesh Wimbledon Gardens (Residential), a residential project in the middle-income segment with 672 residential units, located at Airport-Seaport road in Kochi.
  • Nitesh Wimbledon Gardens (Commercial), an office project, located at Airport-Seaport road in Kochi.
  • The ‘Ritz-Carlton’ brand hotel with 281 keys, located at Residency Road in the central business district of Bengaluru, being executed by an SPV, in which the company owns 20.7% of the equity share capital. One of its Promoters, Nitesh Shetty holds 5.3% of the equity share capital of this SPV.

Subsidiaries of the company

  • Nitesh Indiranagar Retail Pvt. Ltd.
  • Nitesh Housing Developers Pvt. Ltd.

Milestones

  • April, 2006: Corporate housing project for ITC.
  • December, 2006: Citi Property Investors acquired 74% stake in Nitesh Residency which is developing the Ritz-Carlton brand hotel.
  • January, 2007: AMIF I Limited, an Och-Ziff Captial Management Group entity acquired 28.98% stake in the company.
  • May, 2007: Agreement signed to develop India’s first Ritz-Carlton brand hotel in Bengaluru by Nitesh Residency.
  • November, 2007: Won the bid for an 8.26 acre property in the Boat Club area in the heart of Chennai.
  • September, 2009: HDFC AMC pick up 10.1% stake in Nitesh Housing, an SPV formed to develop projects.
  • October, 2009: Executed MOU with Luxury Hotels International Management Company B.V. to set up a full-service luxury international hotel and luxury condominium residences under the Ritz- Carlton brand name.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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