Operated as a selling agency for Figured Glass, a business that ceased during FY26. Revenue from operations dropped sharply to Rs 0.1085 crore in FY26, with total income of Rs 15.08 lakh for the year. The company has stated it is exploring new business opportunities. Total assets stood at Rs 1.9824 crore. The cost structure is dominated by employee costs of Rs 0.1389 crore (128% of revenue) and other operating expenses of Rs 0.2261 crore (208.4% of revenue), with no materials cost recorded. A new CFO was appointed effective 1 June 2026 after the previous CFO resigned on 8 December 2025. The company is undergoing a change of control, with new acquirers set to hold 70.57% after a Share Purchase Agreement and mandatory open offer, both priced at Rs 1.85 per share. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Selling agency for Figured Glass. Tiny, loss-making former trading agency with discontinued operations and a change of control underway
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | 0 | 0 | (0) |
| margin % | (86.7) | (11.2) | 16.9 | 12.8 | (236.4) |
| Owners' profit | (0) | 0 | 0 | (1) | (0) |
| EPS, as reported (₹) | (0.01) | 0.00 | 0.00 | 0.05 | 0.02 |
| ROE % · ROCE % | (3.3) · (3.1) | 0.4 · 0.5 | 0.5 · 4.9 | (23.5) · 19.4 | (11.1) · (11.0) |
| Debt / equity (x) | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 |
| Cash from operations | (1) | (0) | (0) | (0) | 2 |
| 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 | (1) | 0 | (0) | (0) | (0) |
| EPS (₹) | 0.00 | 0.01 | 0.00 | 0.05 | 0.00 | 0.01 | 0.01 | 0.01 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MIDWEST ENERGY LIMITED | 4,601 | 551.6 | 11.55 | — | (3.5) | (2.3) | — | 19.4 |
| RAMCO INDUSTRIES LIMITED | 2,804 | 8.6 | 0.62 | 11.2 | 6.8 | 4.3 | 8.2 | 19.2 |
| BIRLANU LIMITED | 1,101 | — | 0.99 | 18.4 | (10.8) | (6.5) | 4.2 | 6.8 |
| ARISINFRA SOLUTIONS LTD | 1,025 | 14.7 | 1.37 | 8.8 | 8.0 | 10.2 | — | 12.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · 46th AGM intimation published in newspapers, book closure details shared | compliance | minimal | — | — |
| 3 Sept 2026 · Book closure for 46th AGM from Sep 23 to Sep 29, 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Jai Mata Glass FY26 Annual Report: revenue drops sharply, net loss narrows | results | high | — | — |
| 3 Sept 2026 · Notice of 46th AGM on September 29, 2026 with remote e-voting and book closure | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Proposed statutory auditor appointment withdrawn; existing auditors to continue | management changes | medium | — | — |
| 1 Sept 2026 · Withdrawn proposal to appoint new statutory auditors | management changes | medium | — | — |
| 1 Sept 2026 · Jai Mata Glass appoints Statutory and Secretarial Auditors for 5 years | management changes | medium | — | — |
| 1 Sept 2026 · Board approves FY26 Directors Report and 46th AGM on Sep 29, 2026 | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Board meeting on Sept 1, 2026 to consider AGM notice and auditor appointments | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Open Offer for 2.6 crore shares of Jai Mata Glass at Rs 1.85 per share | strategic transactions | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| EVEREST INDUSTRIES LTD |
| 646 |
| — |
| 1.31 |
| — |
| (20.6) |
| (16.0) |
| 3.1 |
| 31.7 |
| MARBLE CITY INDIA LIMITED | 440 | 58.0 | 4.72 | 18.9 | 9.5 | 7.0 | — | 23.5 |
| SAHYADRI INDUSTRIES LTD | 429 | 9.6 | 1.06 | — | 7.1 | 9.4 | — | 16.1 |
| NIDHI GRANITES LTD. | 204 | 17.7 | 9.05 | 16.0 | 34.1 | 45.3 | — | 28.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 89.3 | 37.0 | 15 of 20 | 26% |
| P/B | 13.8 | 1.6 | 19 of 20 | 5% |
| ROCE | (11.0) | 2.8 | 21 of 22 | 5% |
| ROE | (11.1) | 2.8 | 20 of 21 | 5% |
| Debt / Equity | 0.0 | 0.1 | 2 of 21 | 75% |
| Revenue growth | (100.0) | 14.0 | 17 of 18 | 0% |
| Profit growth | 89.4 | 83.2 | 9 of 19 | 56% |
| Market cap | 27 | 49 | 15 of 22 | 33% |
| A rating (BUY / ADD / REDUCE / SELL) |
| 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.
