NSE: 3PLAND · BSE: 516092
3P LAND HOLDINGS LIMITED
Classified as an investment company in the Financial Services sector and filing under Schedule III for NBFCs, the company reports three operating segments: Investments, Leasing and Services. The Investments segment earns from financial assets and intercorporate deposits extended to promoter-group companies, including up to Rs 40 crore planned with Biodegradable Products India Limited at 9-12% interest and Rs 10 crore each with AMJ Land Holdings and Pudumjee Paper Products. The Leasing segment relates to property rentals, while the Services segment bills shared services to group entities. It has no subsidiaries and only one associate, Biodegradable Products India Limited, accounted for under the equity method. For FY26 the company reported revenue of Rs 4.67 crore, net profit of Rs 2.18 crore and total assets of Rs 112.32 crore, with an employee cost of 28.7% of revenue and negligible materials spend. Promoter group holds 73.30% of paid-up capital, with key entities AMJ Land Holdings at 27.24% and Thacker and Company at 19.61%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Investments, Leasing, Services. Small, asset-light investment holding company / NBFC
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2 | 3 | 4 | 4 | 5 |
| EBITDA (ex other income) | 2 | 2 | 3 | 3 | 3 |
| margin % | 83.1 | 84.7 | 70.5 | 62.2 | 63.8 |
| Owners' profit | 0 | 2 | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.64 | 0.85 | 1.00 | 1.16 | 1.21 |
| ROE % · ROCE % | 1.7 · — | 2.3 · — | 1.8 · — | 1.5 · — | 2.1 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (0) | 0 | 0 | 1 | 0 |
| Capex | 0 | 0 | 0 | 0 | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| Net profit | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| EPS (₹) | 0.53 | 0.21 | 0.21 | 0.21 | 0.55 | 0.22 | 0.23 | 0.26 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Leasing | 0 | 8.6 |
| Investments | 3 | 59.3 |
| Services | 2 | 32.1 |
| Total, before eliminations | 5 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,35,496 | 63.7 | 1.01 | — | 1.2 | — | — | 70.7 |
| ADITYA BIRLA CAPITAL LTD. | 97,598 | 22.8 | 2.65 | — | 10.5 | — | 18.8 | 40.8 |
| L&T FINANCE LIMITED | 61,858 | 19.4 | 2.21 | — | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD | 28,442 | 66.0 | 0.97 | — | 1.5 | — | 19.5 | 92.6 |
| CHOLAMANDALAM FIN HOL LTD | 24,545 | 9.2 | 0.72 | — | 16.2 | — | 23.0 | 58.4 |
| TVS HOLDINGS LIMITED | 23,883 | 12.1 | 1.85 | — | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD | 13,373 | 48.0 | 0.48 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED | 12,440 | 90.6 | 0.38 | — | 0.4 | — | 14.1 | 84.0 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.9 | 19.9 | 29 of 51 | 44% |
| P/B | 0.5 | 0.6 | 28 of 63 | 57% |
| ROE | 2.1 | 1.3 | 27 of 65 | 59% |
| EBITDA margin | 61.0 | 61.6 | 32 of 62 | 49% |
| Revenue growth | 15.4 | 13.6 | 27 of 56 | 53% |
| Profit growth | 24.3 | 10.7 | 32 of 66 | 52% |
| Market cap | 54 | 273 | 52 of 68 | 24% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Newspaper clips of September 2026 quarterly and half-year results | compliance | minimal | — | — |
| 24 Oct 2026 · Quarter profit rises 7 percent; half-year operating cash flow is negative | results | high | — | — |
| 24 Oct 2026 · 3P Land Q2 and half-year profit rise | results | high | — | — |
| 23 Oct 2026 · Postal ballot approves BPIL loan renewal and mortgage security | board shareholder meetings | low | — | — |
| 23 Oct 2026 · Postal ballot approves changes to BPIL loan and mortgage arrangement | board shareholder meetings | low | — | — |
| 14 Oct 2026 · Board meeting on 24 Oct 2026 to consider Q2 and H1 FY26-27 results | results | low | — | — |
| 7 Oct 2026 · Routine quarterly RTA certificate for share dematerialization filed with BSE | compliance | minimal | — | — |
| 30 Sept 2026 · Sends 7th KYC reminder to shareholders holding physical shares | compliance | minimal | — | — |
| 28 Sept 2026 · Newspaper notice on special window for re-lodgement of physical share transfers | compliance | minimal | — | — |
| 24 Sept 2026 · Trading window closure for Q2 and H1 FY26 results | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.