Operates in residential and commercial real estate projects and holds infrastructure assets, with consolidated FY26 revenue largely generated by subsidiaries rather than the standalone entity, which recorded Rs 40.27 crore in standalone revenue. A key move during FY26 was the acquisition of toll rights worth Rs 3,123.90 crore. Through its subsidiary Square Port Shipyard Private Limited (SPSPL), it also runs a shipyard business; the Board withdrew a binding offer to acquire part of the EPC business of Gammon Engineers and Contractors Private Limited after deeming the target not viable. Materials are not a meaningful input cost at 0% of revenue; depreciation at 29.6% and other operating expenses at 35.8% dominate the cost mix, consistent with an asset-heavy realty and infrastructure model. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Residential and commercial real estate projects, Toll road operations, Shipyard via Square Port Shipyard subsidiary. Asset-heavy realty and infrastructure with a shipyard subsidiary
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 545 | 638 | 580 |
| EBITDA (ex other income) | 84 | 88 | 259 |
| margin % | 15.3 | 13.9 | 44.7 |
| Owners' profit | 0 | 0 | 0 |
| EPS, as reported (₹) | 52.32 | 2.00 | 1.74 |
| ROE % · ROCE % | 27.0 · 23.1 | 8.7 · 11.4 | 6.8 · 10.1 |
| Debt / equity (x) | 0.47 | 0.43 | 0.73 |
| Cash from operations | (123) | (145) | 97 |
| Capex | 0 | (9) | (3) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 70 | 153 | 165 | 249 | 180 | 102 | 139 | 158 |
| Profit before tax | 13 | 15 | 5 | 23 | 20 | (11) | 6 | 45 |
| Net profit | 9 | 11 | 3 | 17 | 14 | (10) | 6 | 32 |
| EPS (₹) | 5.06 | 5.66 | 0.14 | 0.84 | 0.61 | 0.44 | 0.22 | 1.32 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KESAR INDIA LIMITED | 3,371 | 89.5 | 13.53 | 73.2 | 12.0 | 15.2 | — | 26.9 |
| MEGHNA INFRACON INFRA L | 1,482 | 218.6 | 55.08 | 145.4 | 20.8 | 33.9 | — | 15.3 |
| India Homes Limited | 1,076 | — | 29.06 | — | (31.0) | (17.8) | — | — |
| B-RIGHT REALESTATE LIMITED | 950 | 26.5 | — | — | — | 19.2 | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Wins NHAI toll collection contract worth about Rs 42 crore for 1 year | business updates | high | — | — |
| 5 Sept 2026 · Hazoor Multi Projects publishes 34th AGM notice in newspapers | compliance | minimal | — | — |
| 4 Sept 2026 · Annual Report FY 2025-26 submitted; 34th AGM set for Sept 28, 2026 | compliance | low | — | — |
| 4 Sept 2026 · 34th AGM on Sept 28 via VC; MD pay hike to Rs 5 Cr, director re-appointments on agenda | board shareholder meetings | low | — | — |
| 2 Sept 2026 · UK subsidiary Hazoor Multi Projects UK Ltd dissolved after strike-off | strategic transactions | low | — | — |
| 1 Sept 2026 · Newspaper publication of 34th AGM notice | compliance | minimal | — | — |
| 1 Sept 2026 · NHAI withdraws LOA for Paranur Fee Plaza toll collection | business updates | high | — | — |
| 31 Aug 2026 · Board re-appoints Independent and Executive Director for 5 years | management changes | medium | — | — |
| 31 Aug 2026 · Board approves re-appointment of two directors for 5 years each | management changes | medium | — | — |
| 27 Aug 2026 · Hazoor Multi Projects: Subsidiary stake drops to 53.76 percent via private placement | ownership changes | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| YOGI LTD. |
| 678 |
| 32.6 |
| 4.77 |
| 26.2 |
| 14.9 |
| 15.6 |
| — |
| 5.1 |
| SHRADDHA PRIME PROJECTS L | 650 | 11.6 | 4.76 | 11.2 | 39.1 | 20.2 | — | 16.1 |
| HAZOOR MULTI PROJECTS LTD ◆ | 556 | 7.5 | 0.89 | 3.7 | 6.8 | 5.8 | — | 86.5 |
| RDB REAL ESTATE CONS L | 352 | 27.4 | 1.33 | 26.5 | (3.3) | (0.7) | — | 3.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.5 | 16.7 | 20 of 84 | 77% |
| P/B | 0.9 | 1.1 | 29 of 69 | 59% |
| ROCE | 5.8 | 2.0 | 25 of 93 | 74% |
| ROE | 6.8 | 2.9 | 24 of 85 | 73% |
| Debt / Equity | 0.7 | 0.1 | 65 of 85 | 24% |
| EBITDA margin | 86.5 | 15.3 | 7 of 59 | 90% |
| Revenue growth | (36.5) | (11.0) | 37 of 64 | 43% |
| Profit growth | 92.9 | (48.8) | 14 of 79 | 83% |
| Market cap | 556 | 33 | 7 of 86 | 93% |
| 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.
