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Dossier · Ladam Affortable Housing Limit · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Classified under residential and commercial real estate projects, the company recorded Rs. 15.64 lakh in standalone revenue for FY26 and reported a standalone net loss of Rs. 196.28 lakh. The loss was driven largely by an exceptional provision of Rs. 178.72 lakh against loans and investments to its subsidiary Ladam Foods Pvt Ltd and associate Lacon India Ltd, both of which are under strike-off. Consolidated revenue for FY26 was Rs. 25.40 lakh with a consolidated net loss of Rs. 27.51 lakh. Standalone Q1 FY27 revenue was Rs. 4.55 lakh with a loss of Rs. 7.07 lakh, narrower than the prior-year quarter. Outstanding borrowings stood at Rs. 11.71 crore as of March 31, 2026, and the board is seeking shareholder approval to raise the borrowing cap to Rs. 1,000 crore. The filings do not describe any active real estate development, project pipeline, housing units, or construction activity. AR · MarketPing reader · 2026-08-02
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY22
FY23
FY24
FY25
FY26
Revenue
5
1
1
0
0
EBITDA (ex other income)
0
(0)
(0)
(0)
(1)
margin %
9.4
(50.5)
(31.4)
(53.5)
—
Owners' profit
0
(0)
(0)
0
(1)
EPS, as reported (₹)
0.12
(0.11)
(0.05)
0.03
0.15
ROE % · ROCE %
1.6 · 2.8
(0.6) · (0.5)
(0.3) · (0.2)
(0.1) · (0.1)
(0.8) · (0.8)
Debt / equity (x)
0.43
0.28
0.29
0.31
0.34
Cash from operations
2
(0)
0
(1)
(0)
Capex
(0)
0
0
0
0
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Ladam Affortable Housing Limit · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ 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 (₹)
(0.03)
0.03
(0.01)
0.03
(0.05)
0.04
(0.02)
(0.07)
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
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. %
KESAR INDIA LIMITED
3,089
82.0
12.40
67.0
12.0
15.2
—
26.9
MEGHNA INFRACON INFRA L
1,460
215.4
54.28
143.3
20.8
33.9
—
15.3
India Homes Limited
1,015
—
27.41
—
(31.0)
(17.8)
—
—
B-RIGHT REALESTATE LIMITED
954
26.6
—
—
—
19.2
—
—
SHRADDHA PRIME PROJECTS L
666
11.9
4.88
11.3
39.1
20.2
—
16.1
YOGI LTD.
656
31.5
4.61
25.6
14.9
15.6
—
5.1
HAZOOR MULTI PROJECTS LTD
409
5.5
0.66
3.1
6.8
5.8
—
86.5
RDB INFRASTRUCTURE AND POWER L
340
17.3
1.28
21.5
4.7
5.7
16.3
23.7
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/B
0.3
1.1
11 of 70
86%
ROCE
(0.8)
1.9
66 of 88
25%
ROE
(0.8)
1.6
52 of 73
29%
Debt / Equity
0.3
0.3
42 of 73
43%
Profit growth
(129.0)
(48.8)
65 of 79
18%
Market cap
12
30
68 of 88
23%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Ladam Affortable Housing Limit · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
26 Oct 2026 · Board to review September 2026 quarterly and half-year results
results
low
—
—
13 Oct 2026 · Routine dematerialization certificate filed for Q2 FY27
compliance
minimal
—
—
22 Sept 2026 · Corrigendum to FY26 Annual Report with corrected financials
results
low
—
—
21 Aug 2026 · 47th AGM voting results: All 7 resolutions passed
board shareholder meetings
low
—
—
19 Aug 2026 · 47th AGM concludes; all resolutions passed including related-party loans
board shareholder meetings
low
—
—
27 Jul 2026 · Notice of 47th AGM on Aug 19, 2026 with book closure and e-voting details
board shareholder meetings
low
—
—
27 Jul 2026 · Ladam Affordable Housing files 47th Annual Report, AGM on Aug 19
board shareholder meetings
low
—
—
27 Jul 2026 · 47th AGM on Aug 19, 2026; seeks higher borrowing and investment limits
board shareholder meetings
low
—
—
27 Jul 2026 · AGM notice published in newspapers for 47th AGM on August 19, 2026
compliance
minimal
—
—
24 Jul 2026 · Q1 FY27 results published in newspapers; losses narrow
compliance
minimal
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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A rating (BUY / ADD / REDUCE / SELL)
A state: the latest filed quarter and the measured reactions
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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
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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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
