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Nirvana Development PCL NVD.BK · THB

Real Estate · SET · 🇹🇭 Thailand

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0.79

+1.28%

Close of 9 Nov 2026, in THB

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in THB, from our data supplier.

FY2025

Revenue

THB 1.52bn

FY2016FY2025

Net income

THB 155.9m

FY2016FY2025

Free cash flow

THB 106.8m

FY2016FY2025

Shareholders' equity

THB 5.64bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 1.52bnTHB 1.43bnTHB 2.02bnTHB 2.57bnTHB 3.02bnTHB 2.47bnTHB 2.71bnTHB 2.96bnTHB 2.56bnTHB 335.5m
Gross profitTHB 381.5mTHB 446.5mTHB 641.3mTHB 854.1mTHB 613.5mTHB 769.1mTHB 946.5mTHB 1.05bnTHB 799.2mTHB 91.0m
Operating incomeTHB 110.3mTHB 227.1mTHB 367.0mTHB 394.6m−THB 17.0mTHB 142.8mTHB 213.6mTHB 363.3mTHB 270.2m−THB 13.5m
Net incomeTHB 155.9mTHB 86.3mTHB 201.1mTHB 201.0mTHB 408.3mTHB 21.5mTHB 99.5mTHB 276.9mTHB 223.5m−THB 15.6m
Diluted earnings per share0.080.050.130.130.260.010.060.180.14-0.01

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 15.04bnTHB 14.99bnTHB 14.70bnTHB 13.50bnTHB 12.59bnTHB 12.64bnTHB 12.90bnTHB 12.45bnTHB 9.75bnTHB 325.3m
Cash and short-term investmentsTHB 113.7mTHB 33.2mTHB 254.7mTHB 251.5mTHB 65.7mTHB 108.3mTHB 371.6mTHB 1.10bnTHB 991.7mTHB 46.9m
Total liabilitiesTHB 9.41bnTHB 9.90bnTHB 9.66bnTHB 8.11bnTHB 7.40bnTHB 7.91bnTHB 8.11bnTHB 7.66bnTHB 5.05bnTHB 89.5m
DebtTHB 8.48bnTHB 8.74bnTHB 7.90bnTHB 6.53bnTHB 6.47bnTHB 7.01bnTHB 6.69bnTHB 5.81bnTHB 2.82bnTHB 2.88bn
Shareholders' equityTHB 5.64bnTHB 5.09bnTHB 5.04bnTHB 5.07bnTHB 4.88bnTHB 4.46bnTHB 4.59bnTHB 4.67bnTHB 4.62bnTHB 235.8m
Shares outstanding1,852m1,579m1,553m1,553m1,553m1,530m1,535m1,549m1,553m1,301m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 108.0m−THB 721.1m−THB 1.12bnTHB 218.8mTHB 536.9m−THB 282.7m−THB 1.16bn−THB 2.62bnTHB 31.9mTHB 29.9m
Capital spending−THB 1.3m−THB 1.9m−THB 10,910−THB 108.3m−THB 33.9m−THB 47.4m−THB 181.5m−THB 182.5m−THB 75.5m−THB 30.7m
Free cash flowTHB 106.8m−THB 723.0m−THB 1.12bnTHB 110.5mTHB 503.0m−THB 330.0m−THB 1.34bn−THB 2.80bn−THB 43.6m−THB 720,000
Dividends paid—−THB 40.4m−THB 93.2m−THB 19.2m−THB 19.2m−THB 55.2m−THB 110.4m−THB 234.7m−THB 234.7m−THB 6.5m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 181.1mTHB 100.5mTHB 836.3mTHB 375.1mTHB 89.2mTHB 298.9mTHB 477.1mTHB 328.9m
Gross profitTHB 57.9mTHB 22.4mTHB 255.9mTHB 121.8mTHB 12.5mTHB 96.7mTHB 114.3mTHB 101.3m
Operating incomeTHB 26.5m−THB 30.3mTHB 79.4mTHB 80.4m−THB 16.4mTHB 45.9mTHB 116.1mTHB 27.8m
Net incomeTHB 7.4m−THB 3.7mTHB 126.9mTHB 44.5m−THB 32.3mTHB 16.8mTHB 56.0mTHB 3.9m
Diluted earnings per share0.00-0.000.070.02-0.020.010.040.00
Cash from operationsTHB 24.0m−THB 119.0mTHB 254.0mTHB 57.0m−THB 104.0m−THB 99.0mTHB 289.0m−THB 589.0m
Capital spending—————−THB 1.0m——
Free cash flow—————−THB 100.0m——
Total assetsTHB 15.17bnTHB 15.12bnTHB 15.04bnTHB 15.03bnTHB 15.07bnTHB 14.99bnTHB 14.99bnTHB 15.01bn
Cash and short-term investments—THB 22.6mTHB 113.7mTHB 28.4mTHB 12.8mTHB 30.4mTHB 33.2mTHB 18.5m
DebtTHB 5.51bnTHB 8.29bnTHB 8.24bnTHB 8.39bnTHB 8.42bnTHB 8.34bnTHB 8.62bnTHB 8.81bn
Shareholders' equityTHB 5.64bnTHB 5.63bnTHB 5.64bnTHB 5.51bnTHB 5.46bnTHB 5.49bnTHB 5.09bnTHB 5.03bn

Financial ratios

Data as of 2 Nov 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin25.1%31.2%31.7%33.2%20.3%31.2%
Operating margin7.3%14.8%17.7%16.3%-0.6%6.6%
Net margin10.3%6.0%9.9%7.8%13.5%0.9%
Return on equity2.8%1.7%4.0%4.0%8.4%0.5%
Return on assets1.0%0.6%1.4%1.5%3.2%0.2%
Free cash flow yield7.4%-56.9%-89.8%26.3%45.9%-19.2%
Revenue growth6.1%-29.2%-21.3%-15.0%22.4%-8.8%
Earnings growth80.7%-57.1%0.0%-50.8%1795.6%-78.3%
Current ratio3.56x2.72x3.00x2.54x2.00x2.72x
Debt to equity1.46x1.69x1.54x1.26x1.30x1.54x
Equity ratio37.5%33.9%34.3%37.5%38.8%35.3%
Interest coverage1.59x2.66x5.58x3.18x-0.10x1.36x
Buybacks as a share of market value-17.3%-1.6%-0.0%0.0%-1.5%0.3%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-16.1%-9.3%14.4%
Operating income-34.6%-5.0%21.2%
Net income-8.1%48.6%28.2%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin28.1%30.8%28.4%30.6%
Operating margin11.4%14.6%9.4%9.4%
Net margin8.2%8.5%8.2%7.6%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings9.425.115.215.410.2136.425.711.429.6-363.4
Price to sales1.01.51.51.21.41.20.91.12.616.9

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 15 Mar 2024.

FY2024FY2023FY2022FY2020FY2019FY2018FY2016
Paid in the year0.0260.0590.0140.0350.070.1490.044
  • 9-for-8 split · 9 Mar 2022

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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