BSE: 539143
PANTH INFINITY LIMITED
Currently derives consolidated revenue from its wholly-owned UAE free-zone subsidiary Al Subh Enterprise FZ-LLC, which lifted Q1 FY27 consolidated revenue to Rs 59.30 crore (up 77% year on year) and consolidated PAT to Rs 14.01 crore, while standalone operations showed nil revenue and a Rs 5.79 lakh loss. The most recent segment disclosure, for the period ended 31 March 2019, classified the business entirely under precious metals, stones and jewellery, with Rs 15.6673 crore of period segment revenue and Rs 0.109 crore of segment EBIT. FY26 annual report filing states revenue from operations of Rs 19,097.05 lakh and PAT of Rs 905.26 lakh, against F_SCALE FY26 figures of Rs 282.0905 crore revenue and Rs 39.0725 crore PAT. Cost-shape data list materials at 0%, employee at 0.1%, other opex at 2.6%, depreciation at 0% and capex at 0% of revenue. The board has approved acquiring stakes in three private firms — Gromo Trading (47.27%), Samyak Enterprise (47.94%) and Shital Trade Link (49.34%) — via a share swap of 6.30 crore equity shares at Rs 15.50 each totalling Rs 97.65 crore, alongside a preferential issue of 73 lakh shares at Rs 15.50 each to two investors. The corporate office was shifted from Ahmedabad to Kolkata in June 2026 and shareholders approved renaming the company Panth Infracon Limited. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Precious Metals, Stones & Jewellery (100%), Operations via subsidiary Al Subh Enterprise FZ-LLC, Pending acquisitions — Gromo Trading, Samyak Enterprise, Shital Trade Link. Shell/holding-style structure where standalone operations are nil and consolidated revenue is routed through a UAE free-zone subsidiary
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 282 |
| EBITDA (ex other income) | 42 |
| margin % | 14.9 |
| Owners' profit | 39 |
| EPS, as reported (₹) | 7.08 |
| ROE % · ROCE % | 39.5 · 24.2 |
| Debt / equity (x) | 0.76 |
| Cash from operations | (52) |
| Capex | 0 |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 43 | 60 | 59 |
| Profit before tax | 9 | 22 | 14 |
| Net profit | 9 | 19 | 14 |
| EPS (₹) | 3.71 | 3.40 | 2.54 |
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. % |
|---|---|---|---|---|---|---|---|---|
| 3M INDIA LIMITED | 32,491 | 53.1 | 15.13 | 37.5 | 27.2 | 35.7 | 6.8 | 21.7 |
| GODREJ INDUSTRIES LTD | 31,855 | 27.1 | 1.37 | 13.5 | 10.4 | 6.4 | 19.0 | 27.3 |
| DCM SHRIRAM LIMITED | 14,235 | 9.8 | 1.84 | 10.0 | 11.1 | 9.5 | 11.4 | 11.7 |
| KAMA HOLDINGS LTD. | 6,790 | 7.3 | 0.45 | — | 12.3 | — | 13.5 | 22.4 |
| BALMER LAWRIE & CO LTD | 2,647 | 9.5 | 1.27 | 6.8 | 13.0 | 11.2 | 12.2 | 14.8 |
| TTK HEALTHCARE LIMITED | 1,448 | 19.6 | 1.30 | — | 5.9 | 7.4 | — | 12.2 |
| EMPIRE INDUSTRIES LTD. | 563 | 10.9 | 1.60 | — | 14.7 | 10.5 | — | 19.5 |
| GILLANDERS ARBUTHNOT LTD | 203 | 11.6 | 0.79 | 10.0 | 3.7 | 3.5 | 0.0 | 9.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 1.3 | 11.5 | 1 of 15 | 100% |
| P/B | 0.7 | 1.1 | 3 of 14 | 85% |
| ROCE | 24.2 | 8.4 | 2 of 14 | 92% |
| ROE | 39.5 | 10.7 | 1 of 14 | 100% |
| Debt / Equity | 0.8 | 0.4 | 12 of 13 | 8% |
| EBITDA margin | 23.6 | 20.6 | 5 of 14 | 69% |
| Market cap | 70 | 203 | 10 of 15 | 36% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Panth Infracon reports 59.5% revenue growth and 979% profit after tax rise for half-year | results | high | — | — |
| 27 Oct 2026 · Panth Infracon posts strong consolidated September quarter profit | results | high | — | — |
| 23 Oct 2026 · Preferential issue withdrawn during strategic review | fund raising | medium | — | — |
| 22 Oct 2026 · Board to approve September 2026 quarterly results | results | low | — | — |
| 13 Oct 2026 · Demat Compliance Certificate filed for Q2 FY27 | compliance | minimal | — | — |
| 26 Sept 2026 · Trading window closed for Q2 FY26 results period | compliance | minimal | — | — |
| 26 Sept 2026 · Board reshuffle: new independent director joins; one director and CS resign | management changes | medium | — | — |
| 26 Sept 2026 · New independent director appointed; director and CS resign citing personal reasons | management changes | medium | — | — |
| 26 Sept 2026 · Panth Infinity appoints new independent director, accepts two resignations | board shareholder meetings | low | — | — |
| 25 Aug 2026 · AGM 2026 results: all 5 resolutions passed, company name change approved | compliance | minimal | — | — |
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.