NSE: AMJLAND · BSE: 500343
AMJ LAND HOLDINGS LIMITED
Develops residential and commercial real estate projects, the main line of business, which generated Rs 50.2307 crore in FY26. A smaller Wind Power Generation segment, which produces electricity from wind, contributed Rs 2.2752 crore. FY26 consolidated revenue totalled Rs 52.5059 crore, with real estate delivering Rs 17.8966 crore of EBIT and wind power Rs 0.3301 crore. The largest cost is materials at 48.9% of revenue, followed by employee costs at 13.6% and other operating expenses at 9.7%. Total assets stood at Rs 250.2516 crore and EBITDA margin was 44.86% for the year. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Real Estate Business, Wind Power Generation. Asset-heavy real estate developer with a small wind power side business
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 29 | 35 | 56 | 78 | 53 |
| EBITDA (ex other income) | 6 | 9 | 14 | 27 | 14 |
| margin % | 21.5 | 24.8 | 24.7 | 34.9 | 27.3 |
| Owners' profit | 9 | 7 | 11 | 20 | 15 |
| EPS, as reported (₹) | 2.16 | 1.66 | 2.71 | 4.99 | 3.61 |
| ROE % · ROCE % | 6.4 · 8.5 | 4.8 · 7.1 | 6.4 · 8.0 | 9.4 · 13.7 | 7.1 · 9.7 |
| Debt / equity (x) | 0.05 | 0.03 | 0.08 | 0.00 | 0.00 |
| Cash from operations | 10 | (6) | 24 | 38 | 8 |
| Capex | (1) | (2) | (0) | (1) | (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 | 11 | 15 | 25 | 14 | 11 | 12 | 15 | 14 |
| Profit before tax | 5 | 3 | 17 | 5 | 6 | 2 | 8 | 5 |
| Net profit | 4 | 2 | 11 | 4 | 5 | 1 | 5 | 3 |
| EPS (₹) | 0.93 | 0.55 | 2.54 | 0.85 | 1.18 | 0.32 | 1.26 | 0.79 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Real Estate Business | 50 | 95.7 |
| Wind Power Generation | 2 | 4.3 |
| Total, before eliminations | 53 | 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. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,66,093 | 37.4 | 3.65 | 50.1 | 9.7 | 6.0 | 8.6 | 37.1 |
| LODHA DEVELOPERS LIMITED | 1,00,949 | 24.5 | 4.31 | 20.2 | 14.6 | 15.7 | 25.1 | 40.5 |
| THE PHOENIX MILLS LTD | 68,130 | 53.2 | 4.76 | 26.4 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 61,258 | 53.8 | 3.66 | 17.7 | 7.8 | 6.8 | 11.8 | 38.1 |
| OBEROI REALTY LIMITED | 58,867 | 19.3 | 3.28 | 16.9 | 14.0 | 15.5 | 24.0 | 61.1 |
| GODREJ PROPERTIES LTD | 47,761 | 29.8 | 2.47 | 21.9 | 9.5 | 11.4 | 46.3 | 107.7 |
| BRIGADE ENTER. LTD | 18,001 | 20.9 | 2.39 | 13.9 | 9.6 | 6.8 | 23.9 | 41.9 |
| ANANT RAJ LIMITED | 16,878 | 28.4 | 2.90 | 22.9 | 9.6 | 10.2 | 58.7 | 32.1 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.7 | 20.0 | 11 of 57 | 80% |
| P/B | 0.7 | 1.9 | 6 of 64 | 92% |
| ROCE | 9.7 | 6.4 | 27 of 66 | 60% |
| ROE | 7.1 | 8.0 | 34 of 64 | 48% |
| Debt / Equity | 0.0 | 0.4 | 1 of 64 | 95% |
| EBITDA margin | 36.7 | 29.6 | 25 of 66 | 63% |
| Revenue growth | 0.3 | 12.8 | 46 of 67 | 32% |
| Profit growth | (6.8) | 7.5 | 41 of 66 | 39% |
| Market cap | 141 | 1893 | 58 of 67 | 14% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · Members approve BPIL loan continuation with mortgage security | board shareholder meetings | low | — | — |
| 23 Oct 2026 · Postal ballot approves changes to inter-corporate loans to Biodegradable Products | compliance | minimal | — | — |
| 19 Oct 2026 · Board meeting on Oct 29 2026 to consider Q2 and H1 FY26 results | results | low | — | — |
| 13 Oct 2026 · Routine filing: Certificates under SEBI Depositories Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 24 Sept 2026 · Newspaper ads filed on special window for physical share transfers | compliance | minimal | — | — |
| 23 Sept 2026 · Newspaper Publication Copy Submitted to Exchange | compliance | minimal | — | — |
| 22 Sept 2026 · Postal ballot for related party ICD continuation and mortgage security | board shareholder meetings | low | — | — |
| 18 Sept 2026 · Company Secretary Mr. Sahil Dudani resigns, effective 18 Sep 2026 | management changes | medium | — | — |
| 3 Sept 2026 · AMJ Land Holdings files 61st AGM voting results for FY26 | board shareholder meetings | low | — | — |
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.