A real estate development company that earns revenue from the sale and development of residential and commercial properties, with a focus on Mumbai's Fort area. In FY26, revenue from operations was ₹2,041.81 lakhs, down from ₹2,232.97 lakhs in FY25. The company's costs are dominated by materials at 98.9% of revenue, with employee costs at 0.6% and other operating expenses at 31.1%. The company reported no depreciation or capital expenditure in FY26, and net cash from operating activities was negative at ₹(602.43) lakhs. It is part of the Lodha Group and has a scheme of merger with holding company Lodha Developers Limited pending before NCLT, with BSE approval received in December 2025. Q1 FY27 results showed revenue from operations of negative ₹101.57 lakhs due to reversal of a previously sold unit, though other income supported total income of ₹346.67 lakhs. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Real estate development. Small, asset-light real estate development company, part of the Lodha Group
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 25 | 17 | 21 | 22 | 20 |
| EBITDA (ex other income) | 15 | 1 | 3 | 0 | (6) |
| margin % | 57.8 | 8.6 | 16.1 | 0.7 | (30.7) |
| Owners' profit | 25 | 8 | 15 | 13 | 10 |
| EPS, as reported (₹) | 12.30 | 4.12 | 7.37 | 6.60 | 4.83 |
| ROE % · ROCE % | 10.4 · 14.4 | 3.4 · 4.9 | 5.7 · 7.7 | 4.8 · 6.7 | 3.4 · 4.7 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 3 | 13 | (1) | (8) | (6) |
| Capex | 0 | 0 | 0 | 0 | 0 |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 4 | 16 | 3 | 0 | 17 | 3 | 0 |
| Profit before tax | 4 | 6 | 3 | 5 | 1 | 6 | 4 | 2 |
| Net profit | 3 | 5 | 2 | 4 | 1 | 4 | 3 | 1 |
| EPS (₹) | 1.32 | 2.40 | 1.08 | 1.80 | 0.49 | 2.13 | 1.63 | 0.58 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,59,533 | 35.9 | 3.51 | 48.1 | 9.7 | 6.0 | 8.6 | 37.1 |
| LODHA DEVELOPERS LIMITED | 1,11,589 | 27.0 | 4.76 | 22.1 | 14.6 | 15.7 | 25.1 | 40.5 |
| THE PHOENIX MILLS LTD | 67,594 | 52.8 | 4.73 | 26.2 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 64,519 | 56.6 | 3.85 | 18.5 | 7.8 | 6.8 | 11.8 | 38.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · NCLT meeting of equity shareholders for Lodha Developers merger on Oct 9 | compliance | minimal | — | — |
| 4 Sept 2026 · NCLT meeting notice for NSIL merger with Lodha Developers | strategic transactions | high | — | — |
| 28 Aug 2026 · 63rd AGM of National Standard India: All 7 resolutions approved | compliance | minimal | — | — |
| 28 Aug 2026 · 63rd AGM concludes, all 7 resolutions passed | board shareholder meetings | low | — | — |
| 22 Aug 2026 · Non-promoter shareholder sells 2.53% stake in National Standard India | ownership changes | high | — | — |
| 4 Aug 2026 · Newspaper notice for 63rd AGM on Aug 28, 2026 via VC | compliance | minimal | — | — |
| 3 Aug 2026 · National Standard India files BRSR for FY2025-26 with BSE | compliance | minimal | — | — |
| 3 Aug 2026 · 63rd Annual Report and AGM Notice for FY2025-26 filed | compliance | medium | — | — |
| 3 Aug 2026 · Notice of 63rd AGM on August 28, 2026 | board shareholder meetings | low | — | — |
| 24 Jul 2026 · Newspaper notice for 63rd AGM on August 28, 2026 | compliance | minimal | — | — |
| 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 |
| OBEROI REALTY LIMITED |
| 63,306 |
| 20.8 |
| 3.53 |
| 18.2 |
| 14.0 |
| 15.5 |
| 24.0 |
| 61.1 |
| GODREJ PROPERTIES LTD | 52,653 | 32.9 | 2.72 | 23.7 | 9.5 | 11.4 | 46.3 | 107.7 |
| ANANT RAJ LIMITED | 21,490 | 36.2 | 3.69 | 29.3 | 9.6 | 10.2 | 58.7 | 32.1 |
| BRIGADE ENTER. LTD | 20,941 | 24.4 | 2.78 | 15.7 | 9.6 | 6.8 | 23.9 | 41.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 22.8 | 21.8 | 31 of 57 | 46% |
| P/B | 0.8 | 2.1 | 8 of 64 | 87% |
| ROCE | 4.7 | 6.8 | 44 of 67 | 35% |
| ROE | 3.4 | 8.2 | 47 of 67 | 30% |
| Debt / Equity | 0.0 | 0.4 | 4 of 67 | 91% |
| Revenue growth | (100.0) | 12.8 | 67 of 67 | 0% |
| Profit growth | (67.7) | 7.5 | 59 of 66 | 11% |
| Market cap | 220 | 2250 | 55 of 67 | 18% |
| 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.
