BSE: 540756
Kaarya Facilities and Services
Provides facility management services to clients, with the work carried out by deployed staff. Employee costs dominate the cost structure at 75.4% of revenue, with other operating expenses making up another 11.1%, reflecting the manpower-intensive nature of the work. In FY26, revenue from operations stood at Rs 38.89 crore, up marginally from Rs 38.10 crore in FY25, while profit after tax rose 17.4% to Rs 2.02 crore and basic EPS reached Rs 2.14. Trade receivables nearly doubled to Rs 15.66 crore, and operating cash flow remained negative at Rs 5.17 lakhs. The balance sheet carries accumulated losses of Rs 8.81 crore in reserves and a debt-to-equity ratio of roughly 17x as of H1 FY26, against net worth of about Rs 54 lakh. In December 2025, the company raised additional capital through a preferential allotment of equity shares and promoter warrants priced at Rs 13.09 each. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Facility management services. Labour-intensive, small-cap services business with negative operating cash flow and high leverage
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 20,18,894 | 22,33,159 | 29 | 38 | 39 |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | 0.04 | (8.33) | (5.41) | 1.84 | 2.14 |
| ROE % · ROCE % | — · 3.6 | — · (108.7) | — · 351.9 | — · 262.3 | — · 81.5 |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 91,125 | 24,761 | (1) | (1) | (0) |
| Capex | — | — | — | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 12,57,601 | 14 | 16 | 17 | 21 | 20 | 19 |
| Profit before tax | (3) | (4,38,222) | (3) | (2) | 0 | 1 | 0 | 2 |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | (6.61) | (5.03) | (2.93) | (2.48) | 0.52 | 1.32 | 0.49 | 1.65 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 17,213 | 28.2 | 11.57 | 16.5 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,821 | 101.2 | 29.48 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,059 | 16.9 | 2.36 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,677 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,439 | 195.1 | 10.25 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,838 | 19.1 | 4.14 | 14.5 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,250 | 34.0 | 2.48 | 25.3 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,731 | — | 7.25 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.3 | 13.0 | 19 of 79 | 77% |
| ROCE | 48.7 | 3.4 | 4 of 103 | 97% |
| Revenue growth | 22.2 | 16.2 | 40 of 91 | 57% |
| Market cap | 17 | 47 | 77 of 108 | 29% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Board to consider half-year results on November 4, 2026 | results | low | — | — |
| 19 Oct 2026 · Clarification on price movement | compliance | minimal | — | — |
| 15 Oct 2026 · Kaarya Facilities shifts registered office within Mumbai | general | low | — | — |
| 13 Oct 2026 · BSE seeks clarification on significant price movement in Kaarya Facilities stock | regulatory legal | high | — | — |
| 5 Oct 2026 · Reg 74(5) compliance certificate for Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · All resolutions passed with 100 percent approval at 17th AGM | compliance | minimal | — | — |
| 28 Sept 2026 · 17th AGM held on Sept 28, 2026; financials and auditor appointment tabled | board shareholder meetings | low | — | — |
| 28 Sept 2026 · 17th AGM held on Sep 28, 2026; two ordinary resolutions considered | board shareholder meetings | low | — | — |
| 21 Sept 2026 · Trading window closed from October 1, 2026 for Sept quarter results | compliance | minimal | — | — |
| 8 Sept 2026 · Book closure from Sep 22 to Sep 28 for AGM | corporate actions | low | — | — |
How to read this document
| 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 | 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 |
Sources, method and disclosures
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.