Disclosure regarding investor presentation under Regulation 30 of SEBI LODR of the Company for the FY ended 31 03 2026.
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India Homes Limited (formerly India Steel Works Ltd) has completed its strategic pivot from stainless-steel manufacturing to Mumbai real estate redevelopment. FY26 full-year results show revenue of ₹24.50 Cr, EBITDA of ₹23.35 Cr, and profit after tax of ₹18.66 Cr — a strong turnaround from losses in FY25. Q4 FY26 alone reported PAT of ₹22.85 Cr. Key transformation milestones include a joint venture with Lloyds Group for Khopoli development, full repayment of borrowings to Kotak Mahindra Bank, and a One-Time Settlement with J.C. Flowers ARC for remaining secured debt. The company has disclosed a pipeline of 4 projects across Wadala, Matunga, Chembur and Khopoli, with the largest being Waterfall Enclave (60 lakh sq ft JV with Lloyds). Management is positioning the business as a high-margin, asset-light redevelopment model.
The company has turned profitable after debt resolution and pivoted to Mumbai real estate redevelopment with a visible project pipeline. Shareholders may see value unlock as projects launch, though this remains a penny stock with execution risk tied to the redevelopment model.