Sells residential and commercial property in Chennai. Revenue is lumpy and tied to individual unit sales rather than steady monthly billing — in Q2 FY26, revenue from operations was nil, while Q3 FY26 jumped to ₹362.64 lakh on the sale of one flat at its NPL Grand Melody project on Woods Road, Royapettah, Chennai. Full-year FY26 revenue from operations came to ₹637.84 lakh, but total income was ₹988.68 lakh because other income (mainly interest, ₹345.48 lakh) added roughly ₹345.48 lakh. The board also commenced a new commercial project in Chennai and lets out property to a related party, Ankur Foundations Private Limited, at ₹50,000 per month on a lease of up to three years. The cost base is construction-led: materials at 32.4% of revenue, employee cost 9.8% and other operating expenses 14.2%, with EBITDA margin at 42.69% on FY26 revenue. The balance sheet is nearly debt-free, with cash and equivalents of ₹486.91 lakh and loans given of ₹1,710 lakh. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Sale of residential and commercial property, Rental / lease income, Other income (mainly interest). Small, project-based, lumpy-revenue Chennai real estate developer.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 19 | 7 | 6 |
| EBITDA (ex other income) | (2) | (2) | 2 | (0) | (1) |
| margin % | — | — | 11.6 | (5.3) | (12.3) |
| Owners' profit | (2) | 4 | 2 | 1 | 2 |
| EPS, as reported (₹) | (3.45) | 6.05 | 3.16 | 1.30 | 2.78 |
| ROE % · ROCE % | (7.8) · (5.4) | 12.0 · 15.7 | 6.0 · 8.0 | 2.5 · 3.3 | 5.1 · 6.8 |
| Debt / equity (x) | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (1) | 3 | (0) | (4) | 4 |
| Capex | 0 | 0 | (0) | (0) | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 0 | 4 | 3 | 0 | 4 | 0 | 0 |
| Profit before tax | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 |
| Net profit | 1 | 0 | 0 | 1 | 0 | 1 | 0 | 1 |
| EPS (₹) | 0.80 | 0.11 | 0.49 | 1.00 | 0.57 | 1.12 | 0.01 | 1.25 |
| 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 | 33.9 | — | 15.3 |
| India Homes Limited | 1,076 | — | 29.06 | — | (31.0) | (17.8) | — | — |
| B-RIGHT REALESTATE LIMITED | 950 | 26.5 | — | — | — | 19.2 | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · Narendra Properties files 31st Annual Report, sets 29 Sep 2026 AGM | results | medium | — | — |
| 2 Sept 2026 · Narendra Properties 31st AGM on 29 Sep 2026, Rs 1 per share dividend | compliance | minimal | — | — |
| 12 Aug 2026 · Narendra Properties 31st AGM on Sep 29, 2026; record date Sep 18 for dividend | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Board approves promoter consultancy fees, ID re-appointment, Rs 50 Cr investment limit | management changes | medium | — | — |
| 11 Aug 2026 · 31st AGM on Sep 29 2026, Re 1 per share dividend recommended | board shareholder meetings | low | — | — |
| 11 Aug 2026 · NPL Q1 FY26: Net profit up at Rs 88.48 lakh; board seeks shareholder nod for promoter fees | management changes | medium | — | — |
| 5 Aug 2026 · Board approves entering two real estate LLPs, invests up to Rs 3.75 Cr each | fund raising | high | — | — |
| 5 Aug 2026 · Board approves LLP pacts worth Rs 7.5 Cr with two developers | strategic transactions | medium | — | — |
| 4 Aug 2026 · Board meeting on Aug 11 to consider Q1 results, RPTs and director re-appointments | results | low | — | — |
| 14 Jul 2026 · Quarterly dematerialisation compliance certificate for June 2026 | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| 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) | 13.2 | 16.7 | 36 of 84 | 58% |
| P/B | 0.7 | 1.1 | 23 of 69 | 68% |
| ROCE | 6.8 | 2.0 | 21 of 93 | 78% |
| ROE | 5.1 | 2.9 | 30 of 85 | 66% |
| Debt / Equity | 0.0 | 0.1 | 11 of 85 | 66% |
| Revenue growth | (100.0) | (11.0) | 55 of 64 | 3% |
| Profit growth | 14.9 | (48.8) | 28 of 79 | 65% |
| Market cap | 28 | 33 | 49 of 86 | 44% |
| 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 |
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.
