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.
Measured from the filed financials, judged against its Residential, Commercial Projects peers · as of FY23 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from India Homes Limited's filed financials and exchange disclosures
India Homes Limited is a Realty company listed on BSE.
No. Over the trailing twelve months India Homes Limited reported a net loss of ₹30 Cr on revenue of ₹3 Cr.
Not in the latest reported year — India Homes Limited's dividend payout for FY23 was nil.
No. Debt stands at 1.46× equity, and it carries net debt of ₹74 Cr. That is lower than 12% of its 85 Residential, Commercial Projects peers.
On a typical session India Homes Limited moves 1.78% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
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.
