India Homes Limited
Latest filings
Next results: Wed, 4 Nov · Financial Results- Board meeting set for November 4 to approve quarterly results · Results
- Shareholders approve new statutory auditor at 39th AGM · Management Changes
- Compliance certificate for Q2 FY27 share dematerialisation filed with BSE · Compliance
Snapshot
What the business is, and whether it's a good one at a fair price.
Pivoted from stainless-steel manufacturing to Mumbai real estate redevelopment, the company (formerly India Steel Works Ltd) now operates an asset-light redevelopment model with a disclosed pipeline of four projects across Wadala, Matunga, Chembur and Khopoli. The largest is Waterfall Enclave, a 60 lakh sq ft joint venture with the Lloyds Group. For FY26 the business reported revenue of ₹24.50 crore, a net profit of ₹18.66 crore and an EBITDA margin of 95.28%, reversing a loss of ₹1,339.35 lakhs in FY25. The cost structure mirrors the asset-light setup: materials account for just 0.9% of revenue, employee costs 4.8%, other operating expenses 11.8% and capex 0.0%. The company has fully repaid borrowings to Kotak Mahindra Bank and completed a One-Time Settlement with J.C. Flowers ARC for remaining secured debt, and has received in-principle BSE approval for a rights issue of up to ₹96 crore. The FY26 statutory auditor issued a disclaimer of opinion citing inventory valuation of ₹13,696.20 lakhs, related party transaction concerns and going concern doubts, and the company disclosed a 100% debt default of ₹9,656.04 lakhs.
Scorecard
Measured from the filed financials, judged against its Residential, Commercial Projects peers · as of FY23 — not investment advice
Strengths
Concerns
Charts
How has the market priced it — with filings on the timeline?
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peers
How does it stack up on valuation, returns and growth?
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Financials
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from India Homes Limited's filed financials and exchange disclosures
What does India Homes Limited do?
India Homes Limited is a Realty company listed on BSE.
Is India Homes Limited profitable?
No. Over the trailing twelve months India Homes Limited reported a net loss of ₹30 Cr on revenue of ₹2.65 Cr.
Does India Homes Limited pay a dividend?
Not in the latest reported year — India Homes Limited's dividend payout for FY23 was nil.
Is India Homes Limited debt-free?
No. It reported borrowings of ₹75 Cr on its 30 Sept 2023 balance sheet, or net debt of ₹74 Cr after cash. Debt stands at 1.46× equity. That is higher than 86% of its 73 Residential, Commercial Projects peers.
How much does the India Homes Limited share price move in a day?
On a typical session India Homes Limited moves 1.44% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.
When are India Homes Limited's next results?
Financial Results on Wed, 4 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.
Where can I track India Homes Limited's announcements?
Every NSE and BSE filing by India Homes Limited appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.