NSE: LANCORHOL · BSE: 509048
LANCOR HOLDINGS LIMITED
Develops and sells residential and commercial real estate, with operations centred on commercial property in Chennai. The company owns Menon Eternity, a commercial building in Alwarpet with a total area of 93,051 sq.ft, and during FY26 sold the 4th and 5th floors (41,356 sq.ft, roughly 44% of the building) and the 10th floor Northern Wing (10,339 sq.ft). Standalone revenue from operations for FY26 was Rs 11,962.77 lakhs, down from Rs 18,453.20 lakhs in FY25, while standalone profit after tax rose to Rs 4,063.02 lakhs from Rs 920.01 lakhs — driven largely by a Rs 7,009.26 lakhs gain on sale of property, plant and equipment. On a consolidated basis, FY26 revenue was Rs 131.29 crore and net profit was Rs 40.45 crore against total assets of Rs 425.14 crore. Materials and construction costs make up 85.3% of revenue, employee costs 8.7% and other operating expenses 28.2%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Sale of developed real estate, Other income. Asset-heavy, cyclical residential and commercial real estate
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 103 | 115 | 138 | 190 | 131 |
| EBITDA (ex other income) | 6 | 22 | 25 | 32 | 0 |
| margin % | 5.8 | 19.1 | 17.8 | 16.6 | 0.4 |
| Owners' profit | 0 | 0 | 7 | 6 | 40 |
| EPS, as reported (₹) | (4.20) | (0.08) | 1.11 | 0.64 | 5.52 |
| ROE % · ROCE % | (13.0) · 2.3 | (0.3) · 11.5 | 4.9 · 13.6 | 2.4 · 10.4 | 16.9 · 23.4 |
| Debt / equity (x) | 1.33 | 0.84 | 0.69 | 0.78 | 0.45 |
| Cash from operations | 58 | 88 | 29 | (69) | 10 |
| Capex | (1) | (2) | (4) | 0 | (11) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 57 | 46 | 52 | 41 | 34 | 38 | 18 | 45 |
| Profit before tax | 6 | (1) | 0 | 0 | (3) | (0) | 50 | 21 |
| Net profit | 4 | (2) | 0 | 0 | (3) | (0) | 43 | 17 |
| EPS (₹) | 0.52 | (0.28) | 0.00 | 0.02 | (0.34) | (0.03) | 5.87 | 2.35 |
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. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,64,917 | 37.1 | 3.63 | 49.7 | 9.7 | 6.0 | 8.6 | 37.1 |
| LODHA DEVELOPERS LIMITED | 1,01,079 | 24.5 | 4.31 | 20.2 | 14.6 | 15.7 | 25.1 | 40.5 |
| THE PHOENIX MILLS LTD | 67,952 | 53.1 | 4.75 | 26.3 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 59,932 | 52.6 | 3.58 | 17.4 | 7.8 | 6.8 | 11.8 | 38.1 |
| OBEROI REALTY LIMITED | 58,212 | 19.1 | 3.25 | 16.8 | 14.0 | 15.5 | 24.0 | 61.1 |
| GODREJ PROPERTIES LTD | 47,804 | 29.9 | 2.47 | 22.0 | 9.5 | 11.4 | 46.3 | 107.7 |
| BRIGADE ENTER. LTD | 17,613 | 20.5 | 2.34 | 13.7 | 9.6 | 6.8 | 23.9 | 41.9 |
| ANANT RAJ LIMITED | 16,622 | 28.0 | 2.86 | 22.6 | 9.6 | 10.2 | 58.7 | 32.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 3.6 | 20.5 | 1 of 57 | 100% |
| P/B | 0.9 | 1.9 | 13 of 64 | 81% |
| ROCE | 15.3 | 6.4 | 16 of 66 | 77% |
| ROE | 16.9 | 8.0 | 8 of 64 | 89% |
| Debt / Equity | 0.5 | 0.4 | 37 of 64 | 43% |
| EBITDA margin | 60.4 | 29.6 | 7 of 66 | 91% |
| Revenue growth | 8.4 | 12.8 | 37 of 67 | 46% |
| Profit growth | 14779.5 | 7.5 | 1 of 66 | 100% |
| Market cap | 207 | 1781 | 54 of 67 | 20% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 8 Oct 2026 · Quarterly compliance certificate for share dematerialization filed | compliance | minimal | — | — |
| 29 Sept 2026 · Lancor Holdings: All 5 resolutions passed at 41st AGM | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Lancor Holdings 41st AGM Held; Final Dividend of Rs 0.30 Per Share Declared | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Lancor Holdings 41st AGM - all resolutions passed, Rs 0.30 dividend declared | board shareholder meetings | low | — | — |
| 24 Sept 2026 · Trading Window Closure from October 1, 2026 | compliance | minimal | — | — |
| 24 Sept 2026 · Regulatory action or order reported to Exchange | regulatory legal | high | — | — |
| 4 Sept 2026 · Newspaper publication of 41st AGM notice | compliance | minimal | — | — |
| 3 Sept 2026 · 41st Annual Report FY26 filed; PAT jumps 8.6x to Rs 40.45 cr | results | high | — | — |
| 3 Sept 2026 · Notice of 41st AGM on September 28, 2026 with Rs. 0.30 final dividend | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Q1 FY27 results: PAT rises to Rs 1,787 lakh, revenue up 29% YoY | results | high | — | — |
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.