Wound-down housing finance company whose Certificate of Registration as a Housing Finance Institution was cancelled by the RBI in September 2023, after which the Board in-principle consented to wind up operations and stopped originating or servicing HFI/NBFI business. The company reports zero revenue from operations across recent quarters; what comes in is recovery of legacy loan outstandings and small 'other income' lines. With negligible depreciation and no capex, its tiny revenue base is fully absorbed by staff and overhead costs, leaving a small operating loss. It is also pursuing a long-pending income tax refund tied to Assessment Year 1999-2000, resolved in its favour by the Madras High Court. Its board continues to meet at Indian Bank's Corporate Office in Chennai, reflecting Indian Bank's continued sponsor relationship. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Recovery of legacy housing loans, Other income, One-time tax refund. Wound-down, non-operating housing finance shell earning only from loan recoveries and one-offs
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 1 |
| EBITDA (ex other income) | (0) | (1) | (1) | (0) | (0) |
| margin % | — | — | (228.9) | (110.7) | (17.3) |
| Owners' profit | (0) | (1) | (1) | (0) | (0) |
| EPS, as reported (₹) | 0.13 | (0.56) | (0.69) | (0.31) | (0.09) |
| ROE % · ROCE % | 0.1 · (1.3) | 0.5 · — | 0.6 · — | 0.3 · — | 0.1 · — |
| Debt / equity (x) | (1.08) | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | (0) | (1) | (0) | 11 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | (0) | (0) | (0) | 0 | (0) |
| Net profit | (0) | (0) | (0) | (0) | (0) | (0) | 0 | (0) |
| EPS (₹) | (0.01) | (0.08) | (0.05) | (0.05) | (0.11) | (0.02) | 0.06 | (0.02) |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ HOUSING FINANCE LTD | 70,078 | 34.6 | 3.11 | — | 11.4 | — | — | 92.4 |
| LIC HOUSING FINANCE LTD | 30,982 | 5.4 | 0.75 | 1.1 | 13.5 | — | 7.7 | 97.1 |
| PNB HOUSING FIN LTD. | 30,721 | 13.3 | 1.60 | 3.5 | 11.9 | — | 2.3 | 91.6 |
| AADHAR HOUSING FINANCE L | 19,978 | 17.4 | 2.65 | 6.9 | 14.5 | — | — | 75.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · Ind Bank Housing publishes 35th AGM notice in newspapers | compliance | minimal | — | — |
| 3 Sept 2026 · Annual Report FY2025-26 filed with BSE; net loss narrowed to Rs 8.84 lakh | compliance | minimal | — | — |
| 3 Sept 2026 · 35th AGM scheduled on 29 Sep 2026 via video conferencing | board shareholder meetings | low | — | — |
| 3 Sept 2026 · 35th AGM scheduled on 29 September 2026 via video conferencing | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board approves 35th AGM on 29 Sep 2026 via video conferencing | board shareholder meetings | low | — | — |
| 15 Jul 2026 · Ind Bank Housing claims corporate governance exemption for Q1 FY27 | compliance | minimal | — | — |
| 7 Jul 2026 · Quarterly RTA certificate on share dematerialisation filed for Q1 FY27 | compliance | minimal | — | — |
| 7 Jul 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 4 Jul 2026 · Ind Bank Housing Q1 FY27: revenue at Rs 319 lakh, going concern flagged | results | high | — | — |
| 4 Jul 2026 · Board approves Q1 FY27 unaudited financial results | results | high | — | — |
| 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 |
| SAMMAAN CAPITAL LIMITED |
| 17,203 |
| — |
| 0.91 |
| — |
| (37.6) |
| — |
| (3.8) |
| 101.8 |
| HOME FIRST FIN CO IND LTD | 12,386 | 21.2 | 2.84 | — | 12.4 | — | — | 78.3 |
| APTUS VALUE HSG FIN I LTD | 12,360 | 12.5 | 2.44 | 6.3 | 18.6 | — | — | 83.7 |
| CAN FIN HOMES LTD | 10,400 | 9.2 | 1.74 | — | 18.2 | — | — | 91.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROE | 0.1 | 11.6 | 18 of 20 | 11% |
| Debt / Equity | 0.0 | 0.0 | 3 of 20 | 0% |
| EBITDA margin | (8.2) | 74.7 | 18 of 19 | 6% |
| Revenue growth | 148.7 | 9.0 | 1 of 19 | 100% |
| Profit growth | 66.7 | 19.3 | 4 of 20 | 84% |
| Market cap | 49 | 7130 | 15 of 19 | 22% |
| 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.
