Last 14.85 INR
Change Today -0.45 / -2.94%
Volume 109.4K
As of 7:06 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

nitesh estates ltd (NITE) Snapshot

Open
15.20
Previous Close
15.30
Day High
15.35
Day Low
14.70
52 Week High
06/9/14 - 18.70
52 Week Low
08/2/13 - 8.65
Market Cap
2.2B
Average Volume 10 Days
134.1K
EPS TTM
0.36
Shares Outstanding
145.8M
EX-Date
09/22/11
P/E TM
41.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for NITESH ESTATES LTD (NITE)

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nitesh estates ltd (NITE) Details

Nitesh Estates Limited develops, sells, manages, and operates real estate properties in India. The company operates in three segments: Residential, Retail, and Hospitality. Its property portfolio includes residential buildings, retail and hotel projects, commercial premises, office buildings, shopping malls, and other related activities in Bengaluru, Chennai, Kochi, Goa, and Ahmadabad. The company was founded in 2004 and is headquartered in Bengaluru, India.

Founded in 2004

nitesh estates ltd (NITE) Top Compensated Officers

Founder, Chairman, Managing Director and Memb...
Total Annual Compensation: 12.3M
Chief Operating Officer and Executive Directo...
Total Annual Compensation: 8.1M
Director of Business Development, Executive D...
Total Annual Compensation: 11.0M
Compensation as of Fiscal Year 2013.

nitesh estates ltd (NITE) Key Developments

Nitesh Estates Ltd Signs Up Joint Development Agreement for Project at Hennur Main Road, Bangalore

Nitesh Estates Ltd. announced that the company has signed up a joint development agreement for development of a gated community in an area of 12 Acres to accommodate 440 Units. The project located at prime Hennur Main Road will have easy access to the International Airport, Outer ring Road and Major office complexes. The project will give a total revenue of INR 3,750 million to the company and will have improvement in the profitability over next 36 months. The project will be launched shortly.

Nitesh Estates Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Fourth Quarter and Audited Consolidated and Standalone Earnings Results for the Full Year Ended March 31, 2014

Nitesh Estates Limited reported unaudited consolidated and standalone earnings results for the fourth quarter and audited consolidated and standalone earnings results for the full year ended March 31, 2014. For the quarter, on consolidated basis, the company reported net sales of INR 488.7 million compared to INR 70.1 million a year ago. Profit from operations before other income finance cost and exceptional items was INR 67.5 million compared to loss from operations before other income finance cost and exceptional items INR 276.0 million a year ago. Profit from ordinary activities before tax was INR 2.1 million compared to loss from ordinary activities before tax of INR 493.5 million a year ago. Net loss was INR 77.0 million compared to INR 513.3 million a year ago. Basic and diluted loss per share was INR 0.53 compared to INR 3.52 a year ago. For the year, on consolidated basis, the company reported net sales of INR 2,975.7 million compared to INR 828.7 million a year ago. Profit from operations before other income finance cost and exceptional items was INR 557.0 million compared to loss from operations before other income finance cost and exceptional items of INR 497.8 million a year ago. Profit from ordinary activities before tax was INR 293.7 million compared to loss from ordinary activities before tax of INR 1,368.8 million a year ago. Net profit was INR 52.6 million compared to net loss of INR 1,420.6 million a year ago. Basic and diluted earnings per share were INR 0.36 compared to basic and diluted loss per share of INR 9.74 a year ago. For the quarter, on standalone basis, the company reported net sales of INR 275.0 million compared to INR 34.0 million a year ago. Profit from operations before other income finance cost and exceptional items was INR 35.7 million compared to loss from operations before other income finance cost and exceptional items of INR 126.4 million a year ago. Profit from ordinary activities before tax was INR 20.4 million compared to loss from ordinary activities before tax of INR 127.4 million a year ago. Net profit was INR 17.3 million compared to net loss of INR 127.4 million a year ago. Basic and diluted profit per share was INR 0.12 compared to basic and diluted loss per share of INR 0.87 a year ago. For the year, on standalone basis, the company reported net sales of INR 1,120.5 million compared to INR 467.9 million a year ago. Profit from operations before other income finance cost and exceptional items was INR 149.4 million compared to loss from operations before other income finance cost and exceptional items of INR 273.6 million a year ago. Profit from ordinary activities before tax was INR 88.2 million compared to loss from ordinary activities before tax of INR 285.0 million a year ago. Net profit was INR 77.0 million compared to net loss of INR 323.8 million a year ago. Basic and diluted earnings per share were INR 0.53 compared to basic and diluted loss per share of INR 2.22 a year ago.

Nitesh Estates Limited, 2014 Earnings Call, May 29, 2014

Nitesh Estates Limited, 2014 Earnings Call, May 29, 2014

 

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NITE

Industry Average

Valuation NITE Industry Range
Price/Earnings 42.4x
Price/Sales 0.7x
Price/Book 0.7x
Price/Cash Flow 32.0x
TEV/Sales NM Not Meaningful
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