Classified under the realty sector as a residential and commercial projects company, the entity is currently not generating any operational revenue and sustains itself mainly through 'other income'. For FY26, total income stood at Rs. 180.81 lakhs against Rs. 235 lakhs in FY25, with revenue from operations for the nine months ended December 31, 2025 at Rs. 50.40 lakhs. The Board has disclosed that accumulated losses of Rs. 523.76 lakhs exceed paid-up capital of Rs. 499.09 lakhs, net worth is fully eroded, and total liabilities exceed total assets, with its statutory auditor flagging it as no longer a going concern. The Board has approved entering new lines of business — brokerage services, construction consultancy, and project management services — at an estimated investment of NIL, subject to statutory and regulatory approvals. Industrial Investment Trust Limited is its holding company, and the entity previously held preference shares in joint venture Capital Infra Projects, which were sold to Medanta Realestate. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Other income (interest and similar), Brokerage services (proposed), Construction consultancy (proposed), Project management services (proposed). Realty-classified, currently without operational revenue, with eroded net worth and exploring new service lines
| ₹ crore · consolidated | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 1 | 0 | 1 | 1 | 3 |
| EBITDA (ex other income) | (14) | (12) | 15 | 2 | 25 |
| margin % | (1490.7) | (2820.4) | 1262.3 | 157.5 | 999.2 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | (35.86) | (33.61) | 21.35 | (6.00) | 45.16 |
| ROE % · ROCE % | 38.3 · 975.1 | 26.4 · 89.4 | (20.2) · 933.0 | 5.4 · 58.3 | (67.8) · 192.3 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | — | (1) | (0) | (0) | (27) |
| Capex | — | 0 | 0 | 0 | 0 |
| ₹ crore | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 1 | 1 | 1 | 1 | 0 | 0 |
| Profit before tax | (3) | (1) | (2) | 21 | 2 | (1) | (1) | (1) |
| Net profit | (3) | (2) | (2) | 21 | 5 | (1) | (1) | (1) |
| EPS (₹) | (6.45) | (3.18) | (3.51) | 41.96 | 9.89 | (2.10) | (2.59) | (2.42) |
| 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 % |
|---|---|---|---|---|
| 26 Aug 2026 · 32nd AGM notice published, e-voting from Sept 14 to 16 | compliance | minimal | — | — |
| 25 Aug 2026 · Notice of 32nd AGM and Annual Report for FY 2025-26 | compliance | minimal | — | — |
| 25 Aug 2026 · 32nd AGM on September 17, 2026; book closure September 10 to 17 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · 32nd AGM on September 17, 2026 - Book Closure from September 10 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · IITL Projects files 32nd Annual Report, AGM on Sep 17, 2026 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Notice of 32nd AGM for FY 2025-26 on September 17, 2026 via VC | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Notice of 32nd AGM on September 17, 2026 via video conferencing | compliance | minimal | — | — |
| 11 Aug 2026 · Trading window closed from Aug 12 to Sep 30 for corporate initiative | compliance | minimal | — | — |
| 5 Aug 2026 · Newspaper publication of Q1 FY27 unaudited standalone results | compliance | minimal | — | — |
| 4 Aug 2026 · IITL Projects appoints CS Payal Vyas as Secretarial Auditor for FY26-27 | management changes | medium | — | — |
| 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 |
| 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) | 17.6 | 16.7 | 45 of 84 | 47% |
| ROCE | 6.6 | 2.0 | 22 of 93 | 77% |
| ROE | 6.6 | 2.9 | 26 of 85 | 70% |
| Debt / Equity | 0.0 | 0.1 | 11 of 85 | 66% |
| Revenue growth | (100.0) | (11.0) | 55 of 64 | 3% |
| Profit growth | (105.8) | (48.8) | 62 of 79 | 22% |
| Market cap | 25 | 33 | 53 of 86 | 39% |
| 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.
