BSE: 501270
ANTARIKSH INDUSTRIES LIMITED
Operates in real estate and trading, classified under residential and commercial projects, with materials accounting for 94.3% of revenue and employee costs at 0.6% — a cost shape closer to a trading operation than a property developer. FY26 scale metrics show revenue of Rs 5.1666 crore, while audited filings report Rs 4,379.16 lakh for the year ended March 31, 2026, with profit after tax of Rs 6.15 lakh. Q1 FY27 revenue collapsed 95.8% to Rs 21.65 lakh from Rs 516.66 lakh a year earlier, swinging to a Rs 13.23 lakh loss from a Rs 0.14 lakh profit. The company is undergoing a change of control: Riddhi Infocom Solutions LLP and Alpitkumar Pravinchandra Gor are buying 73.48% of the existing promoter's stake at Rs 86 per share and taking a further preferential allotment of 22.25 lakh shares at the same price, raising about Rs 19.14 crore. The board has widened the company's objects clause and earmarked Rs 7.27 crore of the proceeds to acquire equity and lend to Nextedge Ecommerce, a logistics firm, signalling a move beyond pure realty. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Real estate and trading. Micro-cap, BSE-listed realty and trading company undergoing change of control, with a planned pivot toward logistics via Nextedge Ecommerce
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 23 | 12 | 14 | 44 | 5 |
| EBITDA (ex other income) | 0 | 0 | 0 | 1 | 0 |
| margin % | 0.5 | 2.1 | 1.6 | 1.7 | 1.7 |
| Owners' profit | 0 | 0 | 0 | 1 | 0 |
| EPS, as reported (₹) | 3.93 | 9.33 | 8.29 | 27.51 | 3.00 |
| ROE % · ROCE % | 11.0 · 15.3 | 20.7 · 28.0 | 15.6 · 21.0 | 34.1 · 46.1 | 3.7 · 5.2 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 0 | (0) | 0 | (0) | 0 |
| 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 | 8 | 15 | 9 | 12 | 3 | 2 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | (0) | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | (0) | 0 |
| EPS (₹) | 14.00 | 10.20 | 4.35 | 5.97 | 0.14 | 0.47 | (2.00) | 4.42 |
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 | 3,254 | 86.4 | 13.06 | 70.6 | 12.0 | 15.2 | — | 26.9 |
| MEGHNA INFRACON INFRA L | 1,463 | 215.8 | 54.37 | 143.6 | 20.8 | 33.9 | — | 15.3 |
| India Homes Limited | 995 | — | 26.87 | — | (31.0) | (17.8) | — | — |
| B-RIGHT REALESTATE LIMITED | 947 | 26.4 | — | — | — | 19.2 | — | — |
| SHRADDHA PRIME PROJECTS L | 681 | 12.2 | 4.99 | 11.5 | 39.1 | 20.2 | — | 16.1 |
| YOGI LTD. | 680 | 32.7 | 4.78 | 26.3 | 14.9 | 15.6 | — | 5.1 |
| HAZOOR MULTI PROJECTS LTD | 426 | 5.7 | 0.68 | 3.2 | 6.8 | 5.8 | — | 86.5 |
| RDB INFRASTRUCTURE AND POWER L | 332 | 16.9 | 1.25 | 21.0 | 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) | 8.7 | 17.4 | 14 of 61 | 78% |
| P/B | 0.3 | 1.1 | 10 of 70 | 87% |
| ROCE | 5.2 | 1.9 | 26 of 88 | 71% |
| ROE | 3.7 | 1.6 | 30 of 73 | 60% |
| Debt / Equity | 0.0 | 0.3 | 1 of 73 | 76% |
| EBITDA margin | 57.3 | 15.3 | 16 of 59 | 74% |
| Revenue growth | (98.2) | (11.0) | 54 of 64 | 16% |
| Profit growth | (24.0) | (48.8) | 35 of 79 | 56% |
| Market cap | 1 | 30 | 88 of 88 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · RTA submits quarterly demat confirmation certificate for Sep 2026 | compliance | minimal | — | — |
| 1 Oct 2026 · AGM 2026: 4 resolutions passed including Rs 0.50 final dividend | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Non-promoter Man Machine Mentors LLP acquires 8.27% in Antariksh Industries via preferential issue | ownership changes | medium | — | — |
| 30 Sept 2026 · Non-promoter Windfield Projects LLP acquires 12.94% stake via preferential allotment | ownership changes | medium | — | — |
| 30 Sept 2026 · Armita Ads LLP acquires 12.18% stake in Antariksh Industries via preferential allotment | ownership changes | medium | — | — |
| 30 Sept 2026 · Promoter Gitaben Patel exits Antariksh Industries with full 73.48 percent stake sale | ownership changes | medium | — | — |
| 29 Sept 2026 · Antariksh Industries 51st AGM proceedings - dividend of Rs 0.50 per share declared | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Major board overhaul at Antariksh after promoter change of control | management changes | high | — | — |
| 29 Sept 2026 · Board reshuffle at Antariksh Industries after change of control | management changes | high | — | — |
| 29 Sept 2026 · Resignation of Chief Financial Officer of the Company due to Change in Management Control | management changes | 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.