NSE: MAJESAUT · BSE: 500267
MAJESTIC AUTO LTD.
Earns revenue from two segments: real estate & management services, which contributed 88.8% of period segment revenue at Rs 28.99 crore, and rental income, which contributed 11.2% at Rs 3.67 crore. Filings describe the company as having shifted from its earlier moped-making business to commercial real estate in Noida and Delhi, and it recently completed the sale of about 54,312 sq. metres of leasehold property at Ecotech-I Extension, Greater Noida, to Cyrrus Manufacturing LLP for Rs 143.51 crore (sale deed executed March 30, 2026). It also divested its entire stake in subsidiary Emirates Technologies Private Limited for Rs 196 crore in September 2025, which produced an exceptional gain of Rs 12,280 lakh and is the main reason FY26 net profit of Rs 92.78 crore far exceeds revenue from operations. The company has signed a Consent and Settlement Agreement to implement the Resolution Plan of Sharan Hospitality Pvt Ltd, a hospitality-sector entity, subject to Supreme Court approval, with a total plan value of about Rs 105.4 crore. Cost structure for FY26 is dominated by other opex (36.4% of revenue), materials (27.6%), depreciation (22.8%) and employee costs (22.7%). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Real estate & management services (89%), Rental (11%). Asset-heavy commercial real estate and rental; transitioned away from moped manufacturing.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 49 | 50 | 83 | 64 | 35 |
| EBITDA (ex other income) | 30 | 25 | 54 | 28 | 98 |
| margin % | 60.9 | 49.8 | 64.6 | 43.7 | 277.3 |
| Owners' profit | 9 | 4 | 182 | 7 | 92 |
| EPS, as reported (₹) | 10.15 | 4.54 | 31.83 | 8.46 | 89.23 |
| ROE % · ROCE % | 2.5 · 5.5 | 1.1 · 4.5 | 5.3 · 9.8 | 1.4 · 3.9 | 13.9 · 19.5 |
| Debt / equity (x) | 0.39 | 0.35 | 0.22 | 0.20 | 0.00 |
| Cash from operations | 19 | 32 | 79 | 100 | (7) |
| Capex | (0) | (0) | (5) | (116) | (10) |
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 | 16 | 16 | 17 | 15 | 15 | 13 | 3 | 3 |
| Profit before tax | 15 | 10 | (2) | (5) | 19 | 105 | 7 | (6) |
| Net profit | 10 | 8 | (2) | (7) | 14 | 76 | 5 | (3) |
| EPS (₹) | 9.94 | 7.59 | (2.16) | (6.91) | 13.30 | 73.22 | 5.24 | (2.53) |
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 | 16,876 | 27.7 | 11.34 | 16.2 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,745 | 100.3 | 29.23 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,045 | 16.9 | 2.35 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,678 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,302 | 190.2 | 9.99 | 4.5 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,869 | 19.2 | 4.17 | 14.6 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,360 | 34.9 | 2.54 | 25.9 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,549 | — | 6.89 | — | (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) | 4.1 | 13.0 | 18 of 79 | 78% |
| P/B | 0.6 | 1.3 | 25 of 95 | 73% |
| ROCE | 18.4 | 3.4 | 9 of 103 | 92% |
| ROE | 13.9 | 2.9 | 19 of 113 | 84% |
| Debt / Equity | 0.0 | 0.1 | 1 of 91 | 77% |
| EBITDA margin | (101.6) | 25.4 | 85 of 92 | 8% |
| Revenue growth | (76.6) | 16.2 | 87 of 91 | 4% |
| Profit growth | 63.4 | 5.2 | 37 of 110 | 67% |
| Market cap | 380 | 47 | 27 of 108 | 76% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 6 Oct 2026 · Special window open for physical share transfer and demat | compliance | minimal | — | — |
| 6 Oct 2026 · Quarterly compliance certificate on share dematerialization filed | compliance | minimal | — | — |
| 29 Sept 2026 · Majestic Auto completes SHPL sale, books Rs 29.28 cr pre-tax gain | regulatory legal | medium | — | — |
| 29 Sept 2026 · Majestic Auto completes SHPL securities sale, books Rs 29 cr pre-tax gain | general | low | — | — |
| 26 Sept 2026 · Trading window closure for Q2 FY27 results | compliance | minimal | — | — |
| 22 Sept 2026 · Majestic Auto appoints Mr Puneet Verma as Chief Financial Officer | management changes | high | — | — |
| 17 Sept 2026 · Majestic Auto completes SHPL resolution plan, to transfer securities to funds | general | medium | — | — |
| 4 Sept 2026 · Majestic Auto completes Rs 105 cr infusion into SHPL Resolution Plan | regulatory legal | high | — | — |
| 4 Sept 2026 · Majestic Auto completes acquisition of Sharan Hospitality; SHPL now wholly owned subsidiary | strategic transactions | high | — | — |
| 1 Sept 2026 · Majestic Auto infuses Rs 35.79 cr in SHPL resolution plan | regulatory legal | medium | — | — |
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.