Develops and sells residential and commercial real estate projects in India as its primary activity, alongside smaller finance and securities-investment businesses. The real estate segment brought in Rs 7.6957 crore of revenue in FY26, more than double the Rs 3.5507 crore reported in FY25, and accounts for the dominant share of the year's Rs 8.27 crore total revenue. The finance segment contributed Rs 0.634 crore and the shares-investment segment Rs 0.1584 crore. Reported FY26 net profit was Rs 0.98 crore, a turnaround from a Rs 0.40 crore loss in FY25, with an EBITDA margin of 20.83%. The cost base is light: employees account for 5.1% of revenue, other operating expenses 2.9%, and depreciation 2.4%, and the company runs with very low leverage at a debt-to-equity of 0.11. The promoter group stake, held via Pitampura Leasing & Housing Finance Ltd, stood at 4.14% of equity as of mid-2026. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Real Estate, Finance, Shares. Small-cap, low-leverage real estate developer with ancillary finance and investment activities
| ₹ crore · consolidated | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 43 | 10 | 5 | 7 | 22 |
| EBITDA (ex other income) | 5 | 2 | 1 | 2 | 0 |
| margin % | 11.8 | 22.5 | 20.4 | 27.9 | 2.1 |
| Owners' profit | 1 | 2 | (3) | 0 | 0 |
| EPS, as reported (₹) | 0.23 | 1.32 | 1.01 | 0.13 | 0.20 |
| ROE % · ROCE % | 5.6 · 6.8 | 0.0 · 0.0 | (11.2) · 2.7 | 0.8 · 2.5 | 1.0 · 1.4 |
| Debt / equity (x) | 2.87 | 2.49 | 2.76 | 3.19 | 2.37 |
| Cash from operations | — | (3) | 0 | 1 | 11 |
| Capex | — | 0 | 0 | (1) | (0) |
| ₹ crore | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2 | 1 | 3 | 4 | 10 | 1 | 0 |
| Profit before tax | 0 | (0) | 0 | (2) | (1) | 1 | 0 | 0 |
| Net profit | 0 | (0) | 0 | (0) | (1) | 1 | (0) | 0 |
| EPS (₹) | 0.19 | 0.00 | 0.11 | 0.00 | 0.00 | 0.42 | 0.00 | 0.00 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Real Estate | 15 | 99.3 |
| Finance | 0 | 0.7 |
| Total, before eliminations | 15 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KESAR INDIA LIMITED | 3,371 | 89.5 | 13.53 | 73.2 | 12.0 | 15.2 | — | 26.9 |
| MEGHNA INFRACON INFRA L | 1,482 | 218.6 | 55.08 | 145.4 | 20.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Promoter group acquires 58 shares in Max Heights Infra under Reg 29(2) | ownership changes | medium | — | — |
| 10 Sept 2026 · Promoter entity buys 6,188 shares of Max Heights Infra via open market | ownership changes | medium | — | — |
| 9 Sept 2026 · Promoter group entity acquires 542 shares in Max Heights Infra | ownership changes | medium | — | — |
| 5 Sept 2026 · Promoter entity buys 628 shares in Max Heights Infrastructure | ownership changes | high | — | — |
| 5 Sept 2026 · Promoter entity acquires 3717 shares, stake rises to 4.59 percent | compliance | minimal | — | — |
| 31 Aug 2026 · Promoter group entity files SEBI SAST acquisition disclosure | ownership changes | medium | — | — |
| 28 Aug 2026 · 45th AGM notice published; meeting on 25 Sept 2026 via video conference | compliance | minimal | — | — |
| 28 Aug 2026 · Promoter group buys 10,000 shares (0.06%) of Max Heights in open market | ownership changes | high | — | — |
| 27 Aug 2026 · Intimation of AGM Notice and Annual Report dispatch for FY 2025-26 | compliance | minimal | — | — |
| 27 Aug 2026 · Notice of 45th AGM on September 25, 2026 via video conferencing | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 33.9 |
| — |
| 15.3 |
| India Homes Limited | 1,076 | — | 29.06 | — | (31.0) | (17.8) | — | — |
| B-RIGHT REALESTATE LIMITED | 950 | 26.5 | — | — | — | 19.2 | — | — |
| YOGI LTD. | 678 | 32.6 | 4.77 | 26.2 | 14.9 | 15.6 | — | 5.1 |
| SHRADDHA PRIME PROJECTS L | 650 | 11.6 | 4.76 | 11.2 | 39.1 | 20.2 | — | 16.1 |
| HAZOOR MULTI PROJECTS LTD | 556 | 7.5 | 0.89 | 3.7 | 6.8 | 5.8 | — | 86.5 |
| RDB REAL ESTATE CONS L | 352 | 27.4 | 1.33 | 26.5 | (3.3) | (0.7) | — | 3.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 26.8 | 16.7 | 56 of 84 | 34% |
| P/B | 0.6 | 1.1 | 20 of 69 | 71% |
| ROCE | 0.8 | 2.0 | 59 of 93 | 37% |
| ROE | 1.0 | 2.9 | 52 of 85 | 39% |
| Debt / Equity | 2.4 | 0.1 | 77 of 85 | 10% |
| Revenue growth | (100.0) | (11.0) | 55 of 64 | 3% |
| Profit growth | 100.0 | (48.8) | 12 of 79 | 86% |
| Market cap | 18 | 33 | 60 of 86 | 31% |
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| 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 |
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.
