NSE: ANSALBU · BSE: 523007
ANSAL BUILDWELL LTD.
Develops residential and commercial real estate projects in India, and also operates in hospitality, infrastructure, and education segments per its filings. For FY26, consolidated revenue was Rs 40.41 crore and consolidated net profit was Rs 0.81 crore. Quarterly revenues are highly uneven — Q2 FY26 standalone revenue from operations reached Rs 1,584.79 lakhs, while Q3 FY26 collapsed to Rs 166.59 lakhs, dragging the quarter into a Rs 354.97 lakh standalone loss. A Jaipur project carries Rs 1,493.40 lakh of customer refund principal owed. The wholly-owned subsidiary Ansal Crown Infrabuild Pvt Ltd has been under NCLT insolvency since April 2023; in July 2026 NCLT New Delhi approved a resolution plan valued at Rs 321.33 crore to complete an existing real estate project over about 4 years, offering around 45.55% recovery to unsecured financial creditors including homebuyers. Auditors flagged Rs 3,796.60 lakh of contingent liabilities on a consolidated basis and fraudulent RTGS transactions of Rs 1.45 crore discovered post-reporting. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Real estate development, Hospitality, Infrastructure, Education. Small, stressed residential and commercial real estate developer with an insolvent subsidiary and an unresolved Jaipur project
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 188 | 33 | 41 | 49 | 40 |
| EBITDA (ex other income) | 23 | 3 | 19 | 14 | 6 |
| margin % | 12.2 | 8.5 | 45.1 | 28.5 | 14.3 |
| Owners' profit | 11 | (3) | 15 | 8 | 1 |
| EPS, as reported (₹) | 15.37 | (3.82) | 19.65 | 10.78 | 1.09 |
| ROE % · ROCE % | 10.2 · 17.5 | (2.6) · 3.6 | 11.8 · 12.5 | 6.1 · 9.7 | 0.6 · 4.7 |
| Debt / equity (x) | 0.23 | 0.28 | 0.26 | 0.29 | 0.36 |
| Cash from operations | 61 | 1 | 21 | (4) | 1 |
| Capex | (6) | (1) | (1) | (6) | (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 | 19 | 6 | 9 | 15 | 10 | 16 | 2 | 13 |
| Profit before tax | 7 | (2) | 2 | 5 | 2 | 6 | (5) | 0 |
| Net profit | 8 | (5) | 0 | 5 | 1 | 5 | (4) | (2) |
| EPS (₹) | 10.54 | (6.32) | 0.43 | 6.13 | 1.74 | 6.31 | (4.90) | 2.05 |
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. % |
|---|---|---|---|---|---|---|---|---|
| KESAR INDIA LIMITED | 3,089 | 82.0 | 12.40 | 67.0 | 12.0 | 15.2 | — | 26.9 |
| MEGHNA INFRACON INFRA L | 1,460 | 215.4 | 54.28 | 143.3 | 20.8 | 33.9 | — | 15.3 |
| India Homes Limited | 1,015 | — | 27.41 | — | (31.0) | (17.8) | — | — |
| B-RIGHT REALESTATE LIMITED | 954 | 26.6 | — | — | — | 19.2 | — | — |
| SHRADDHA PRIME PROJECTS L | 666 | 11.9 | 4.88 | 11.3 | 39.1 | 20.2 | — | 16.1 |
| YOGI LTD. | 656 | 31.5 | 4.61 | 25.6 | 14.9 | 15.6 | — | 5.1 |
| HAZOOR MULTI PROJECTS LTD | 409 | 5.5 | 0.66 | 3.1 | 6.8 | 5.8 | — | 86.5 |
| RDB INFRASTRUCTURE AND POWER L | 340 | 17.3 | 1.28 | 21.5 | 4.7 | 5.7 | 16.3 | 23.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 16.4 | 17.4 | 28 of 61 | 55% |
| P/B | 0.5 | 1.1 | 17 of 70 | 77% |
| ROCE | 1.7 | 1.9 | 46 of 88 | 48% |
| ROE | 0.6 | 1.6 | 47 of 73 | 36% |
| Debt / Equity | 0.4 | 0.3 | 45 of 73 | 39% |
| EBITDA margin | 17.7 | 15.3 | 27 of 59 | 55% |
| Revenue growth | (13.8) | (11.0) | 33 of 64 | 49% |
| Profit growth | (133.4) | (48.8) | 66 of 79 | 17% |
| Market cap | 63 | 30 | 29 of 88 | 68% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 16 Oct 2026 · Board Meeting on 14 Nov 2026 to Approve Q2 and H1 FY27 Results | results | low | — | — |
| 13 Oct 2026 · Routine compliance certificate for Q2 FY27 dematerialisation | compliance | minimal | — | — |
| 1 Oct 2026 · Trading window closed from Oct 1 2026 till Q2 results announcement | compliance | minimal | — | — |
| 25 Sept 2026 · All 4 resolutions passed at 42nd AGM with over 99.99% approval | board shareholder meetings | low | — | — |
| 25 Sept 2026 · 42nd AGM held via video conferencing; four ordinary resolutions passed | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Notice of 42nd AGM on 25 Sep 2026 via video conferencing | board shareholder meetings | low | — | — |
| 31 Aug 2026 · 42nd AGM notice and FY26 annual report submitted, no dividend | board shareholder meetings | medium | — | — |
| 12 Aug 2026 · Q1 FY27: Standalone PAT up 53%, revenue up 37%; subsidiary Resolution Plan approved | results | high | — | — |
| 12 Aug 2026 · Q1 FY26 results: Revenue up 37%, PAT rises 53% YoY standalone | results | high | — | — |
| 17 Jul 2026 · NCLT approves resolution plan for subsidiary Ansal Crown Infrabuild | regulatory legal | high | — | — |
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.