BSE: 521149
PRIME URBAN DEVELOPMENT INDIA
Develops residential and commercial projects through a single 'Realty' segment that represented 100% of segment revenue at the last disclosed period (2021-09-30). For the year ended March 31, 2026 (FY26), operations generated nil revenue from operations on a standalone basis, against Rs 345 lakhs in FY25, and the standalone net loss widened to Rs 43.83 lakhs from a Rs 132.36 lakhs profit a year earlier. Within FY26, activity was sporadic — H1 FY26 (ended September 30, 2025) standalone revenue from operations was Rs 120.03 lakhs, while Q3 and Q4 FY26 each reported nil revenue from operations. The company holds a 50% stake in Prime Mall Developers, a partnership firm, and a Rs 13.30 crore sum received from that firm in 2007 sits as a current liability now in arbitration before a former Madras High Court judge. In November 2025, the Corporate Identification Number was changed to L47990TZ1936PLC000001 following an alteration of the main objects clause, reclassifying the entity from a realty-focused company to a broader retail/trading activity. The board plans to add investment and trading in securities and goods to generate future revenue, while the statutory auditor has flagged material uncertainty about the company's ability to continue as a going concern given nil revenue and eroded net worth. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Realty (100%), Textiles (0%). Small single-segment realty entity with eroded net worth, currently shifting toward trading and investment activities under a going-concern flag
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 11 | 12 | 11 | 4 | 0 |
| EBITDA (ex other income) | (2) | (1) | (1) | (0) | (1) |
| margin % | (13.5) | (4.4) | (13.4) | (2.3) | — |
| Owners' profit | (3) | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | (0.95) | (0.18) | (0.77) | 0.47 | 0.17 |
| ROE % · ROCE % | 203.2 · 174.3 | 27.8 · 4.9 | 54.2 · 34.2 | (40.7) · (79.6) | 13.1 · 1.1 |
| Debt / equity (x) | (10.20) | (5.91) | (2.07) | (0.26) | (0.41) |
| Cash from operations | (1) | 4 | 2 | 2 | (1) |
| Capex | (0) | (0) | (0) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | (0) | (0) | 3 | (0) | 0 | (0) | (0) | (0) |
| Net profit | (0) | (0) | 2 | (0) | 0 | (0) | (0) | (0) |
| EPS (₹) | (0.18) | (0.02) | 0.83 | 0.07 | 0.12 | 0.06 | 0.16 | 0.06 |
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. % |
|---|---|---|---|---|---|---|---|---|
| KESAR INDIA LIMITED | 3,169 | 84.1 | 12.72 | 68.8 | 12.0 | 15.2 | — | 26.9 |
| MEGHNA INFRACON INFRA L | 1,469 | 216.7 | 54.60 | 144.2 | 20.8 | 33.9 | — | 15.3 |
| India Homes Limited | 1,031 | — | 27.82 | — | (31.0) | (17.8) | — | — |
| B-RIGHT REALESTATE LIMITED | 964 | 26.9 | — | — | — | 19.2 | — | — |
| SHRADDHA PRIME PROJECTS L | 687 | 12.3 | 5.03 | 11.6 | 39.1 | 20.2 | — | 16.1 |
| YOGI LTD. | 656 | 31.5 | 4.61 | 25.6 | 14.9 | 15.6 | — | 5.1 |
| HAZOOR MULTI PROJECTS LTD | 419 | 5.6 | 0.67 | 3.2 | 6.8 | 5.8 | — | 86.5 |
| RDB INFRASTRUCTURE AND POWER L | 347 | 17.6 | 1.30 | 21.8 | 4.7 | 5.7 | 16.3 | 23.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.4 | 17.6 | 32 of 61 | 48% |
| EBITDA margin | (9.4) | 15.3 | 45 of 59 | 24% |
| Profit growth | 14.1 | (48.8) | 29 of 79 | 64% |
| Market cap | 20 | 30 | 57 of 87 | 35% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 1 Oct 2026 · Prime Urban Development 89th AGM voting results - both resolutions passed | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · Prime Urban Development India 89th AGM summary - Sept 30 2026 | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Trading window closed from Oct 1 till Q2 results declaration | compliance | minimal | — | — |
| 7 Sept 2026 · Newspaper ad for 89th AGM submitted to BSE | compliance | minimal | — | — |
| 4 Sept 2026 · Book closure from Sep 24 to Sep 30 for 89th AGM | compliance | minimal | — | — |
| 4 Sept 2026 · Annual Report FY26 and 89th AGM Notice filed | board shareholder meetings | low | — | — |
| 4 Sept 2026 · 89th AGM on Sep 30, 2026; FY26 annual report filed | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Newspaper ads filed for 89th AGM notice | compliance | minimal | — | — |
| 12 Aug 2026 · Q1 FY27 Results: Losses Continue, Going Concern Doubt; New Trading Revenue | results | medium | — | — |
| 12 Aug 2026 · Q1 FY27 results start under new trading segment, going concern flagged | results | high | — | — |
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.