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    Real estate development
Nirvana Development Public Company Limited

Nirvana Development Public Company Limited

0.80
THB
0.00
(0.00%)
0.10EPS
6.55P/E
1.17BMarket Cap
Nirvana Development Public Company Limited
SET:NVD
(Stock Exchange of Thailand)

Recent

price

0.80

P/E

ratio

6.55

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
2.53
3.08
1.14
1.78
1.9
1.74
1.57
1.94
1.65
1.29
0.9
0.89
0.82
Revenue per Share
0.12
0.1
0.04
0.16
0.18
0.02
-0.03
0.26
0.13
0.13
0.05
0.09
0.1
Basic EPS, GAAP
-0.3
-0.35
-0.65
0.23
-1.57
-0.86
-0.21
0.32
0.14
-0.72
-0.46
0.06
0.12
Free Cash Flow per Basic Share
- -
0.08
- -
- -
0.15
0.07
0.04
- -
0.01
0.06
0.03
- -
- -
Dividend per Share
0.95
1.74
1.13
2.93
2.96
2.9
2.83
3.09
3.21
3.19
3.22
3.04
3.04
Book Value per Share
0.94
1.74
1.12
2.7
2.73
2.68
2.6
2.87
2.99
2.98
3.01
2.86
2.86
Tangible Book Value per Share
141
128
1,186
1,437
1,559
1,559
1,559
1,559
1,559
1,559
1,579
1,799
1,820
Basic Weighted Avg Shares
358
395
1,348
2,558
2,955
2,707
2,446
3,022
2,569
2,004
1,420
1,599
1,493
Sales/Revenue/Turnover
7.14
4.31
6.56
9.02
12.14
5.86
4.72
-2.47
10.11
3.06
4.24
6.9
6.3
Operating Margin (%)
17
20
7
46
51
68
102
89
62
54
51
35
33
Depreciation Expense
18
13
46
223
277
28
-51
408
201
201
86
156
175
Net Income, GAAP
27.7
19.65
27.21
19.04
18.49
23.18
49.9
28.91
20.1
28.02
34.73
43.63
40.97
Effective Tax Rate (%)
4.9
3.29
3.43
8.74
9.37
1.05
-2.09
13.51
7.82
10.04
6.08
9.75
11.73
Profit Margin (%)
8
56
3,021
2,844
6,691
4,593
6,384
4,789
6,595
8,141
7,722
8,768
8,737
Working Capital
4
- -
1,745
1,464
3,760
2,467
4,143
2,434
3,006
5,341
5,127
5,676
5,629
LT Debt
141
259
1,610
4,704
4,794
4,784
4,735
5,183
5,396
5,042
5,088
5,635
5,639
Total Equity
- -
6.2
1.91
3.55
3.36
1.1
0.5
-0.44
2.84
2.12
1.11
1.43
1.56
Return on Invested Capital (%)
- -
6.23
3.12
4.11
2.67
0.21
-0.55
4.22
2.38
1.9
1.03
1.4
1.52
Return on Capital (%)
- -
6.49
5.21
7.28
5.96
0.61
-1.13
8.74
4.04
3.98
1.7
2.91
3.15
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,685
2,730
2,755
LT Borrowings
5,557
5,557
5,512
LT Finance Leases
119
117
117
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,852
1,852
1,852
Market Capitalization
1,463
1,444
1,167

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
12,190
12,265
12,322
Cash, Cash Equivalents & STI
114
23
17
Accounts Receivable, Net
49
29
36
Inventories
11,505
11,642
11,694
Total Current Liabilities
3,422
3,499
3,585
Payables & Accruals
533
542
557
ST Debt
2,685
2,730
2,755
Deferred Revenue
128
150
194

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
73.24%
3.73%
10.76%
Free Cash Flow
-52.97%
-213.57%
-114.92%
Net Income, GAAP
-63.36%
-185.41%
80.68%
Sales/Revenue/Turnover
29.83%
-5.99%
12.63%
Total Cash Common Dividend
- -
- -
-100%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
310
315
329
477
1,420
2025
299
89
375
836
1,599
2026
101
181
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
0.04
0.05
2025
0.01
-0.02
0.03
0.07
0.09
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.03
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Nirvana Development Public Company Limited develops and sells real estate properties in Thailand, including detached houses, townhomes, home offices, condominiums, and high-rise and low-rise residential projects; it also provides construction services and distributes precast concrete products through its Real Estates, Construction, and Other segments. The company offers branded developments such as Nirvana BEYOND in locations including Rama 9-Bangkok Airport Link, Bang Na-At U Park, and Rama 2; Nirvana ABSOLUTE in Bang Na, Ekamai-Ramintra, and Bangkok Airport Link; Nirvana DEFINE in Ekamai-Ramintra, Bangkok Airport Link, and Srinakarin-Rama 9; Nirvana ELEMENT in Bang Na; Nirvana @WORK in Ladprao-Kaset-Namint and Bangkok Airport Link; Nirvana PORCH in Bangkok Airport Link; The MOST in Rattanathibet and Israpat; and Banyan Tree Residences Riverside Bangkok. Founded in 1994 and headquartered at No. 343/351 Prasert-Manukitch Road, Nuanchan, Buengkum, Bangkok, Thailand, it targets urban residential and mixed-use markets primarily in Greater Bangkok areas such as Bang Na, Rama 9, Rama 2, Ekamai-Ramintra, and Srinakarin. In April 2023, the company changed its name from Nirvana Daii Public Company Limited to Nirvana Development Public Company Limited to reflect its expanded real estate development focus; as of December 2024, its board approved resolutions on ongoing strategic matters including project advancements.