Operates an integrated 'real estate as a service' platform spanning office leasing, design-and-build (Interior) and furniture manufacturing. The Rental segment — leasing fully fitted office seats to enterprises — is the largest line at 51.7% of FY26 revenue (Rs 535.65 cr), with EBIT margin of 39.7%. Interior, which provides workspace design, build and fit-out services, contributed 42.2% (Rs 437.79 cr) at a 27.3% EBIT margin. Furniture manufacturing is the smallest segment at 6.1% (Rs 63.23 cr) at a 24.7% EBIT margin. An asset-light managed office solutions business is also run through wholly owned subsidiary EFC Limited, which the Board has approved for demerger into the parent (NCLT Mumbai approval pending). Materials are the largest cost at 39.4% of revenue, followed by depreciation at 11.6% and employee cost at 5.8%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Rental (52%), Interior (42%), Furniture (6%). Asset-light, services-led commercial workspace platform combining leasing, design-and-build and in-house furniture
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 103 | 419 | 657 | 1,037 |
| EBITDA (ex other income) | 62 | 183 | 328 | 468 |
| margin % | 60.0 | 43.5 | 49.9 | 45.2 |
| Owners' profit | 4 | 58 | 113 | 232 |
| EPS, as reported (₹) | 9.29 | 14.06 | 14.14 | 16.87 |
| ROE % · ROCE % | 5.2 · 5.2 | 14.6 · 14.1 | 24.2 · 17.9 | 28.8 · 17.8 |
| Debt / equity (x) | 0.78 | 0.95 | 0.40 | 0.38 |
| Cash from operations | — | 16 | 134 | 55 |
| Capex | — | (122) | (143) | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 166 | 177 | 211 | 220 | 255 | 270 | 293 | 283 |
| Profit before tax | 56 | 52 | 71 | 66 | 76 | 82 | 85 | 101 |
| Net profit | 37 | 40 | 48 | 47 | 57 | 62 | 69 | 71 |
| EPS (₹) | 7.35 | 8.13 | 4.82 | 4.69 | 5.70 | 4.61 | 5.06 | 4.83 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Rental | 536 | 51.7 |
| Interior | 438 | 42.2 |
| Furniture | 63 | 6.1 |
| Total, before eliminations | 1,037 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 13,611 | 22.3 | 9.15 | 13.1 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Newspaper publication of notice for 42nd AGM of EFC (I) Limited | compliance | minimal | — | — |
| 8 Sept 2026 · EFC (I) Limited files Annual Report FY25-26; AGM on Sep 30, 2026 | general | medium | — | — |
| 8 Sept 2026 · EFC (I) Limited submits BRSR for FY 2025-26 | general | low | — | — |
| 8 Sept 2026 · EFC (I) Limited 42nd AGM notice and Annual Report FY25-26 dispatch | compliance | minimal | — | — |
| 8 Sept 2026 · 42nd AGM notice on Sep 30, 2026 via VC; office shift and director re-appointment | board shareholder meetings | low | — | — |
| 4 Sept 2026 · EFC completes sale of wholly owned subsidiary Sanvritti Alpha for Rs 39 cr | strategic transactions | medium | — | — |
| 31 Aug 2026 · EFC (I) alters Object Clause; adds real estate, construction and furniture businesses | general | medium | — | — |
| 31 Aug 2026 · EFC (I) Limited postal ballot: all three resolutions approved by shareholders | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Postal ballot: 3 resolutions passed, including director pay and MOA change | board shareholder meetings | low | — | — |
| 23 Aug 2026 · Newspaper ads for Corrigendum to Postal Ballot Notice | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 9,297 |
| 106.7 |
| 31.07 |
| 5.9 |
| 25.0 |
| 1.0 |
| — |
| 66.5 |
| NESCO LTD. | 7,728 | 18.6 | 2.58 | 13.1 | 13.8 | 14.8 | 26.2 | 68.9 |
| INOX GREEN ENERGY SER LTD | 7,175 | 57.5 | 4.18 | 42.6 | 6.0 | 9.0 | — | 131.6 |
| SMARTWORKS COWORKING SP L | 6,079 | 218.0 | 11.45 | 5.1 | 2.0 | 0.3 | — | 65.8 |
| NIRLON LTD | 5,526 | 16.0 | 11.79 | — | 73.8 | 18.1 | — | 79.4 |
| QUESS CORP LIMITED | 5,174 | 20.4 | 4.43 | 15.6 | 19.0 | 14.4 | 7.1 | 2.6 |
| INDIQUBE SPACES LIMITED | 4,272 | — | 8.30 | — | (20.7) | (2.5) | — | 67.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.2 | 14.3 | 30 of 89 | 67% |
| P/B | 3.4 | 1.5 | 67 of 92 | 28% |
| ROCE | 15.1 | 3.2 | 17 of 105 | 85% |
| ROE | 28.8 | 3.1 | 7 of 116 | 95% |
| Debt / Equity | 0.4 | 0.0 | 91 of 116 | 22% |
| EBITDA margin | 47.5 | 25.4 | 33 of 92 | 65% |
| Revenue growth | 28.8 | 16.2 | 35 of 91 | 62% |
| Profit growth | 51.8 | 5.2 | 42 of 110 | 62% |
| Market cap | 2738 | 56 | 12 of 104 | 89% |
| 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 |
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.
