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Dossier · LERTHAI FINANCE LIMITED · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
LERTHAI FINANCE LIMITED BSE: 502250
Commodities › Construction Materials › Other Construction Materials › Other Construction Materials
LERTHAI FINANCE LIMITED
StateQ1 FY27 filed
Last close · 23 Oct 2026₹389.90
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA— · 2.81 · —
Operates as an investment and fund management entity that holds Alternative Investment Fund (AIF) investments and fixed deposits, and has zero revenue from operations. All reported income is classified as 'other income' — largely interest on deposits — which totalled Rs. 28.61 lakhs for FY26, down from Rs. 46.93 lakhs in FY25. Total expenses of Rs. 68.25 lakhs in FY26 were dominated by professional charges of Rs. 52.97 lakhs, producing a net loss of Rs. 42.51 lakhs versus a loss of Rs. 1.88 lakhs in the prior year. Operating cash outflow for FY26 was Rs. 63.13 lakhs. The company reports under a single segment — Investment — and is listed on BSE (Scrip Code 502250) and Calcutta Stock Exchange (023106), with its registered office in Bengaluru, Karnataka. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Investment. Investment holding with no operating business
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 · standalone
FY22
FY23
FY24
FY25
FY26
Revenue
0
0
0
0
0
EBITDA (ex other income)
(1)
(1)
(1)
(1)
(1)
margin %
—
—
—
—
—
Owners' profit
(0)
1
1
(0)
(0)
EPS, as reported (₹)
(6.74)
9.85
10.85
(0.27)
(6.07)
ROE % · ROCE %
(5.4) · (4.6)
7.3 · 9.1
7.5 · 9.3
(0.2) · (1.5)
(4.4) · (4.0)
Debt / equity (x)
0.00
0.00
0.00
0.00
0.00
Cash from operations
(1)
(1)
(1)
(0)
(1)
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 · LERTHAI FINANCE LIMITED · 29 October 2026Page 2 of 3
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
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 (₹)
2.63
0.33
(2.68)
0.81
0.37
(1.37)
(4.71)
(2.45)
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. %
RAMCO INDUSTRIES LIMITED
2,504
7.6
0.55
10.0
6.8
4.3
8.2
19.2
ARISINFRA SOLUTIONS LTD
1,159
16.6
1.54
10.1
8.0
10.2
—
12.0
BIRLANU LIMITED
946
—
0.85
16.9
(10.8)
(6.5)
4.2
6.8
EVEREST INDUSTRIES LTD
766
—
1.55
—
(20.6)
(16.0)
3.1
31.7
MARBLE CITY INDIA LIMITED
393
51.9
4.21
17.3
9.5
7.0
—
23.5
SAHYADRI INDUSTRIES LTD
350
7.8
0.86
—
7.1
9.4
—
16.1
MIDWEST ENERGY LIMITED
348
221.9
0.87
—
(3.5)
(2.3)
—
19.4
GLITTEK GRANITES LTD.
199
226.9
18.19
—
(3.6)
(3.6)
—
—
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
2.8
1.5
14 of 20
32%
ROCE
(4.0)
2.8
19 of 22
14%
ROE
(4.4)
2.5
17 of 20
16%
Debt / Equity
0.0
0.1
1 of 20
79%
Market cap
27
49
15 of 22
33%
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 · LERTHAI FINANCE LIMITED · 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 %
9 Oct 2026 · No deviation filing: no public rights or preferential issues in Q2 FY27
compliance
minimal
—
—
9 Oct 2026 · Compliance filing under SEBI Reg 74(5) for Q2 FY26
compliance
minimal
—
—
30 Sept 2026 · Trading window closed from Oct 1, 2026 till 48 hrs after Q2 results
compliance
minimal
—
—
3 Sept 2026 · 47th AGM voting results: All 3 resolutions passed with 99.99% majority
board shareholder meetings
low
—
—
3 Sept 2026 · All three resolutions passed at 47th AGM
14 Aug 2026 · 47th AGM on 3 Sept 2026; book closure 28 Aug to 3 Sept
board shareholder meetings
low
—
—
11 Aug 2026 · Lerthai Finance FY26 Annual Report and 47th AGM Notice
board shareholder meetings
medium
—
—
11 Aug 2026 · Notice of 47th AGM on September 3, 2026 via video conferencing
board shareholder meetings
low
—
—
11 Aug 2026 · Newspaper Publication of Un-audited Q1 FY27 Financial Results
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
