NEL Holdings South reports consolidated net loss of Rs 109.05 crore in the September 2022 quarter

The hotel was developed under the banner of NEL Holdings South Ltd. If and once Yes bank acquires the property, it may sell it to a new buyer when it files a petition before the National Company Law Tribunal

Yes Bank likely to take over Ritz Carlton for non-payment of Rs 300 crore loan

Ritz Carlton in Bengaluru was the first property of Marriott International under the Ritz Carlton brand

YES Bank likely to acquire Bengaluru’s Ritz Carlton from NEL Holdings

NEL Holdings South reports consolidated net loss of Rs 305.66 crore in the March 2022 quarter

NEL Holdings South reports consolidated net profit of Rs 0.56 crore in the September 2021 quarter

The Company would be exiting from the eighth project during the past couple of years.

Nel Holdings South announces exit of Cape Cod Project; Stock trades lower

The Company has completed the process of transferring its 85% holdings in NIRPL Ventures Private Limited.

NEL Holdings South updates on transfer of Caesar’s Palace Project

The Company has also applied to the RERA authority for the transfer of the Melbourne Park project to Ramky Estates and Farms Limited (REFL).

NEL Holdings South to exit Melbourne Park project

NEL Holdings South reports consolidated net loss of Rs 44.11 crore in the March 2021 quarter

Board of NEL Holdings South approves divestment of subsidiary

NEL Holdings South reports consolidated net loss of Rs 40.63 crore in the December 2020 quarter

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

NEL Holdings South Limited is an India-based investments and holding company. The Company is an integrated property developer with a presence in multiple asset classes, including residential and commercial. The Company operates through two business segments: Residential and Facility Management. The Company is engaged in the business of development, sale, management and operation of residential buildings, retail and hotel projects, commercial premises and other related activities. It operates over 19 residential projects. Its properties are located across Bangalore, India. Its properties include Nitesh ITC Garden Enclave, Nitesh Buckingham Gate, Nitesh Columbus Square, Nitesh Rio, Nitesh Long Island, Nitesh Hyde Park, Nitesh Forest Hills, Nitesh Cen Park, Nitesh Flushing Meadows, Iconica Nitesh Park Avenue, Nitesh Napa Valley, Nitesh Logos, Iconica Nitesh Knightsbridge, Nitesh Canary Warf, Nitesh Caesar's Palace, Nitesh Mayfair, Nitesh Wimbledon Park and Nitesh Camp David.