BSE: 530053
REAL ECO-ENERGY LIMITED
Earns essentially all revenue from a single trading segment, which generated ₹249.49 lakhs in FY26, down 25.5% from ₹334.74 lakhs in FY25. Classified under Refineries & Marketing in the petroleum products industry, the company operates across four reported segments — Trading, Construction, Media Business, and Bio Diesel Mineral Business — but only Trading produced revenue in any quarter of FY26; the other three reported no revenue, with the Media segment posting small losses throughout the year. Costs are minimal relative to revenue: employee costs were ₹0.0125 crore (0.5% of revenue), other operating expenses ₹0.10 crore (4%), and depreciation ₹0.0017 crore (0.1%); the cost-shape breakdown records no materials cost, though a Q1 FY26 filing noted ₹70.94 lakhs of trading-segment stock purchases with no matching sales in that quarter. The balance sheet is stretched: total equity is just ₹676.61 lakhs against total liabilities of ₹1,952.08 lakhs, borrowings of ₹474.92 lakhs, and deeply negative reserves of ₹(1,323.39 lakhs), reflecting accumulated past losses. The full-year profit after tax was ₹39.91 lakhs (down 44% YoY), but Q4 FY26 alone swung to a ₹3.96 lakh loss despite generating the highest quarterly revenue of ₹125.42 lakhs. A small BSE-listed entity (scrip code 530053), headquartered in Ahmedabad, with ₹2 face-value shares following a 1:5 stock split effective October 2024. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Trading (100%), Construction (0%), Media Business (0%), Bio Diesel Mineral Business (0%). Small, single-segment trading operation with deeply eroded net worth and recurring dormant side segments.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 7 | 0 | 3 | 2 |
| EBITDA (ex other income) | (0) | 0 | (0) | 1 | 0 |
| margin % | — | 0.3 | (25.3) | 21.7 | 15.9 |
| Owners' profit | (1) | 0 | 0 | 1 | 0 |
| EPS, as reported (₹) | (0.42) | 0.01 | 0.09 | 0.07 | 0.04 |
| ROE % · ROCE % | (15.1) · (1.8) | 0.3 · 0.2 | 3.2 · 1.8 | 11.3 · 6.4 | 5.9 · 1.6 |
| Debt / equity (x) | 0.87 | 0.00 | 0.84 | 0.76 | 2.73 |
| Cash from operations | (0) | 0 | (0) | 1 | 3 |
| 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 | 1 | 1 | 1 |
| Profit before tax | (0) | (0) | 1 | (1) | 0 | 1 | (0) | (0) |
| Net profit | (0) | (0) | 1 | (1) | 0 | 1 | (0) | (0) |
| EPS (₹) | (0.01) | (0.00) | 0.41 | (0.08) | 0.04 | 0.16 | 0.00 | (0.01) |
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. % |
|---|---|---|---|---|---|---|---|---|
| RELIANCE INDUSTRIES LTD | 15,67,121 | 21.0 | 1.44 | 8.6 | 8.8 | 7.5 | 17.2 | 17.3 |
| INDIAN OIL CORP LTD | 1,82,983 | 5.3 | 0.81 | 3.9 | 19.4 | 17.1 | 11.6 | 1.6 |
| BHARAT PETROLEUM CORP LT | 1,22,623 | 7.2 | 1.22 | 3.8 | 25.8 | 23.2 | 11.4 | (0.6) |
| HINDUSTAN PETROLEUM CORP | 73,867 | 44.2 | 1.13 | 3.8 | 27.5 | 19.3 | 12.1 | (10.7) |
| MRPL | 30,294 | 9.6 | 2.13 | 6.8 | 13.6 | 15.7 | 15.6 | 4.5 |
| CHENNAI PETROLEUM CORP LT | 22,631 | 5.4 | 2.04 | 4.9 | 27.9 | 31.9 | 13.4 | 5.4 |
| SANMIT INFRA LIMITED | 726 | 382.7 | 18.78 | — | 5.1 | 6.1 | — | 10.2 |
| RAJASTHAN SECURITIES LIMITED | 464 | 5.7 | 3.97 | — | 69.3 | 88.6 | — | 119.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 21.7 | 8.0 | 10 of 13 | 25% |
| P/B | 6.1 | 1.7 | 11 of 12 | 9% |
| ROCE | 1.6 | 16.4 | 12 of 12 | 0% |
| ROE | 5.9 | 13.6 | 9 of 11 | 20% |
| Debt / Equity | 2.7 | 0.4 | 12 of 12 | 0% |
| EBITDA margin | (13.8) | 5.4 | 11 of 11 | 0% |
| Profit growth | 90.7 | 4.3 | 4 of 9 | 63% |
| Market cap | 41 | 726 | 12 of 13 | 8% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 1 Oct 2026 · 33rd AGM Results: Both Resolutions Passed with 100% Approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 33rd AGM concluded, two ordinary resolutions passed | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Closure of Trading Window | compliance | minimal | — | — |
| 29 Sept 2026 · Real Eco-Energy FY26 Annual Report: Revenue and Profit Decline | results | medium | — | — |
| 29 Sept 2026 · Notice of 33rd AGM on September 30, 2026 | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Newspaper ad of Q1 FY27 results filed with BSE | compliance | minimal | — | — |
| 12 Aug 2026 · Real Eco-Energy Q1 FY27 results: revenue Rs 51.48L, net loss Rs 7.16L | results | high | — | — |
| 12 Aug 2026 · Q1 FY27 results: Loss of Rs 7.16 lakhs, revenue drops to Rs 51.48 lakhs | results | medium | — | — |
| 7 Aug 2026 · Board Meeting on Aug 12 to consider Q1 FY27 results | results | low | — | — |
| 30 Jul 2026 · RTA certificate under SEBI Regulation 74(5) for Q1 FY27 | 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.