BSE: 501630
ANAND PROJECTS LTD
Operates as a small Engineering, Procurement and Construction (EPC) company based in Lalitpur, Uttar Pradesh, and listed on BSE. Revenue from operations for FY26 was ₹120 lakh, with quarterly revenue running at ₹25–30 lakh per quarter. The company reported a consolidated net loss of ₹305.71 lakh for FY26, with operating cash flow of ₹717.31 lakh. Other equity stood negative at ₹132.99 lakh, leaving total net worth negative at ₹39.56 lakh. The cost structure shows employee cost at 53.1% of revenue and other operating expenses at 440.3% of revenue, with no material costs and negligible capex. The company holds an associate, Ojas Industries Private Limited, and held its 91st Annual General Meeting in August 2026. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. EPC operations. Micro-cap, loss-making EPC/civil construction company with negative net worth
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5 | 1 | 1 | 1 | 1 |
| EBITDA (ex other income) | (61) | (13) | (63) | (4) | (5) |
| margin % | (1297.6) | (1898.8) | (5208.4) | (333.2) | (393.4) |
| Owners' profit | (60) | 4 | (30) | (9) | (1) |
| EPS, as reported (₹) | (644.42) | 43.85 | (318.43) | (101.35) | (6.22) |
| ROE % · ROCE % | (171.0) · (169.7) | 10.4 · (33.0) | (308.2) · (190.9) | (5188.5) · (750.2) | 147.0 · 79.8 |
| Debt / equity (x) | 0.00 | 0.00 | 1.19 | 0.00 | 0.00 |
| Cash from operations | (7) | (4) | 5 | 18 | 7 |
| Capex | (0) | 0 | (0) | (0) | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | (2) | (0) | (1) | (0) | 4 | (0) | (4) |
| Net profit | 0 | (8) | (1) | (1) | (0) | 3 | (1) | (3) |
| EPS (₹) | 1.98 | (86.72) | (5.90) | (10.71) | (0.88) | 33.55 | (6.18) | (32.72) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 5,32,707 | 29.8 | 4.00 | 21.9 | 8.2 | 6.5 | 16.0 | 8.7 |
| RAIL VIKAS NIGAM LIMITED | 37,462 | 41.7 | 3.82 | 54.4 | 8.9 | 7.5 | 5.8 | 4.3 |
| KALPATARU PROJECT INT LTD | 22,718 | 20.0 | 2.94 | 10.9 | 13.3 | 15.0 | 16.0 | 8.8 |
| CEMINDIA PROJECTS LIMITED | 21,746 | 36.1 | 9.06 | 21.7 | 24.9 | 31.7 | 29.8 | 10.1 |
| IRB INFRA DEV LTD. | 19,023 | 14.6 | 0.91 | 9.7 | 4.1 | 2.5 | 7.6 | 53.9 |
| NBCC (INDIA) LIMITED | 18,808 | 25.4 | 5.85 | 24.8 | 23.1 | 29.7 | 13.5 | 6.9 |
| ENGINEERS INDIA LTD | 14,152 | 15.8 | 4.24 | 20.2 | 10.6 | 10.9 | 4.6 | 21.0 |
| TECHNO ELEC & ENG CO. LTD | 9,676 | 22.4 | 2.33 | 21.0 | 11.4 | 12.4 | 29.6 | 15.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| EBITDA margin | (1425.3) | 9.4 | 106 of 106 | 0% |
| Revenue growth | 0.0 | 5.0 | 54 of 86 | 38% |
| Profit growth | (205.4) | 2.7 | 80 of 84 | 5% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Quarterly demat confirmation certificate filed with BSE | compliance | minimal | — | — |
| 31 Jul 2026 · Newspaper publication of 91st AGM notice and e-voting details | compliance | minimal | — | — |
| 30 Jul 2026 · Annual Report submission for FY 2025-2026 | results | medium | — | — |
| 30 Jul 2026 · Cut-off date fixed for e-voting ahead of 91st AGM | board shareholder meetings | low | — | — |
| 30 Jul 2026 · Notice of 91st AGM and book closure from August 20 to August 26, 2026 | board shareholder meetings | low | — | — |
| 30 Jul 2026 · 91st AGM Notice and Book Closure from Aug 20 to Aug 26, 2026 | board shareholder meetings | low | — | — |
| 29 Jul 2026 · Newspaper publication of Q1 FY27 financial results filed with BSE | compliance | minimal | — | — |
| 28 Jul 2026 · Board approves FY26 report, 91st AGM notice, scrutinizer appointed | board shareholder meetings | low | — | — |
| 28 Jul 2026 · Director designation changed from Independent to Non-Independent | management changes | medium | — | — |
| 28 Jul 2026 · 91st AGM on August 26, 2026; Book Closure from August 20 to 26 | 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.