BSE: 530925
RAMSONS PROJECTS LTD.
Operates in real estate development rights and investment activities after voluntarily surrendering its RBI non-banking financial company (NBFC) registration in September 2025. In FY26, total income reached Rs 921.23 lakh against Rs 366.29 lakh in FY25, with the largest contributor being profit on sale of Transferable Development Rights (TDRs) at Rs 639.91 lakh — TDRs are tradable instruments linked to real estate development potential. A further Rs 211.14 lakh came as the company's share of profit from SAS Fininvest LLP, a related-party vehicle that received Rs 500 lakh in capital from the company during the year. In April 2026, an unsecured inter-corporate deposit of Rs 2.7 crore was placed with JSPL Estates Private Limited for general corporate purposes. Net profit rose to Rs 755.20 lakh from Rs 271.27 lakh, lifting EPS to Rs 25.12 from Rs 9.02. Net worth stood at Rs 2053.36 lakh with no outstanding borrowing as of March 31, 2026, and no dividend was recommended for FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Sale of Transferable Development Rights (TDR), Share of profit from SAS Fininvest LLP, Inter-corporate deposit income, NBFC financing activities (4%). Asset-light, transaction-driven real estate and investment company that recently exited NBFC status
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 1 | 1 | 1 | 0 |
| EBITDA (ex other income) | 0 | (0) | 2 | 1 | (1) |
| margin % | 38.8 | (3.6) | 354.6 | 63.2 | — |
| Owners' profit | 0 | (0) | 3 | 3 | 8 |
| EPS, as reported (₹) | 0.43 | (0.18) | 10.71 | 9.02 | 25.12 |
| ROE % · ROCE % | 1.4 · — | (0.5) · — | 30.6 · — | 20.4 · — | 36.8 · 41.5 |
| Debt / equity (x) | — | — | — | — | 0.00 |
| Cash from operations | 0 | 0 | 0 | 0 | (7) |
| 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 | 0 | 0 | 3 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 3 | 4 | 3 | 0 | 2 | 1 |
| Net profit | 0 | 0 | 2 | 3 | 2 | 0 | 2 | 1 |
| EPS (₹) | 0.50 | 0.57 | 7.54 | 10.20 | 7.82 | 0.03 | 7.08 | 1.79 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Financing Activities | 0 | 4.0 |
| Unallocated | 4 | 96.0 |
| Total, before eliminations | 4 | 100.0 |
Exhibit 4: 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 | 3,089 | 82.0 | 12.40 | 67.0 | 12.0 | 15.2 | — | 26.9 |
| MEGHNA INFRACON INFRA L | 1,460 | 215.4 | 54.28 | 143.3 | 20.8 | 33.9 | — | 15.3 |
| India Homes Limited | 1,015 | — | 27.41 | — | (31.0) | (17.8) | — | — |
| B-RIGHT REALESTATE LIMITED | 954 | 26.6 | — | — | — | 19.2 | — | — |
| SHRADDHA PRIME PROJECTS L | 666 | 11.9 | 4.88 | 11.3 | 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 | 409 | 5.5 | 0.66 | 3.1 | 6.8 | 5.8 | — | 86.5 |
| RDB INFRASTRUCTURE AND POWER L | 340 | 17.3 | 1.28 | 21.5 | 4.7 | 5.7 | 16.3 | 23.7 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.6 | 17.4 | 7 of 61 | 90% |
| P/B | 1.1 | 1.1 | 37 of 70 | 48% |
| ROCE | 41.5 | 1.9 | 3 of 88 | 98% |
| ROE | 36.8 | 1.6 | 3 of 73 | 97% |
| Debt / Equity | 0.0 | 0.3 | 1 of 73 | 76% |
| Revenue growth | (100.0) | (11.0) | 55 of 64 | 3% |
| Profit growth | (82.4) | (48.8) | 53 of 79 | 33% |
| Market cap | 23 | 30 | 53 of 88 | 40% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · RTA submits Q2 FY26 demat certificate under SEBI Reg 74(5) | compliance | minimal | — | — |
| 7 Oct 2026 · Ramsons Projects publishes SEBI notice on physical share transfer window | compliance | minimal | — | — |
| 23 Sept 2026 · Trading Window Closure from Oct 1, 2026 for Q2 Results | compliance | minimal | — | — |
| 13 Aug 2026 · Newspaper publication of Q1 FY27 standalone financial results | compliance | minimal | — | — |
| 12 Aug 2026 · Ramsons Projects Q1 FY27 PAT falls to INR 53.96 lakh vs INR 306.59 lakh YoY | results | high | — | — |
| 12 Aug 2026 · Ramsons Projects Q1 FY27 Results: PAT at Rs 53.96 lakh, no operating revenue | results | high | — | — |
| 6 Aug 2026 · Board meeting on Aug 12, 2026 to consider Q1 FY27 results | results | low | — | — |
| 24 Jul 2026 · Ramsons Projects AGM 2026: Both resolutions approved with 99.99% majority | compliance | minimal | — | — |
| 23 Jul 2026 · Outcome of 32nd AGM of Ramsons Projects Ltd held on July 23, 2026 | board shareholder meetings | low | — | — |
| 10 Jul 2026 · RTA compliance certificate submitted for Q1 ending June 30, 2026 | 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.