BSE: 532124
RELIABLE VENTURES INDIA LTD.
Operates a hospitality business that is currently non-operational. Revenue from operations was nil in Q2 FY26 and Q3 FY26, with total income of Rs 6.83 lakh in Q3 FY26 and Rs 24.57 lakh for 9M FY26, coming entirely from 'other income' as the core Hotel & Hospitality segment remained non-operational. The company posted a loss of Rs 67.35 lakh in 9M FY26 (compared to Rs 47.11 lakh loss in 9M FY25) on revenue from operations of Rs 6.93 lakh for FY25. Total expenses stood at Rs 103.83 lakh in H1 FY26, driven mainly by depreciation of around Rs 36.90 lakh in H1 and other operating costs. Total assets are Rs 34.27 crore as of FY26. A change of control is underway: acquirers Chennupati Sarath Kumar, Vasireddy Sivanag, and Ancla Technology Solutions are buying 54.08% (59,55,815 shares) from existing promoters at Rs 21/share via a Share Purchase Agreement dated June 2, 2026, and have launched a mandatory 26% open offer (28,63,354 shares) at the same price, with post-deal holding rising to 80.08% and existing promoters exiting fully. The company is based in Bhopal, Madhya Pradesh, and is listed only on BSE (Scrip Code: 532124). On July 15, 2026 the board was reshuffled, with Sivanag Vasireddy appointed as Managing Director for a 3-year term. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Hotel & Hospitality operations, Other income. Shell-like, formerly a hospitality operator now non-operational, undergoing change of control
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 18 | 6 | 2 | 0 | 0 |
| EBITDA (ex other income) | 5 | (0) | (1) | (1) | (0) |
| margin % | 24.7 | (2.9) | (46.1) | (1930.4) | — |
| Owners' profit | 2 | (1) | (2) | (1) | (1) |
| EPS, as reported (₹) | 0.22 | (0.53) | (0.32) | 0.01 | (0.68) |
| ROE % · ROCE % | 6.6 · 11.1 | (3.6) · (2.7) | (4.9) · (5.5) | (2.2) · (2.0) | (2.9) · (2.7) |
| Debt / equity (x) | 0.03 | 0.03 | 0.02 | 0.01 | 0.00 |
| Cash from operations | — | 0 | 2 | (1) | 1 |
| Capex | — | (1) | (0) | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | 0 | (0) | (0) | (0) | (0) | (0) |
| Net profit | (0) | (0) | 0 | (0) | (0) | (0) | (0) | (0) |
| EPS (₹) | (0.39) | (0.05) | 0.27 | 0.01 | 0.07 | (0.05) | 0.08 | 0.80 |
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. % |
|---|---|---|---|---|---|---|---|---|
| THE INDIAN HOTELS CO. LTD | 1,15,701 | 53.9 | 7.74 | 30.7 | 15.0 | 16.2 | 43.8 | 32.2 |
| ITC HOTELS LIMITED | 34,472 | 39.8 | 2.95 | 22.4 | 7.0 | 9.0 | — | 37.5 |
| LEELA PALACES HOTEL LTD | 19,829 | 32.8 | 3.07 | 26.4 | 6.2 | 5.9 | — | 43.2 |
| EIH LIMITED | 18,135 | 25.5 | 3.35 | 17.0 | 12.2 | 14.9 | 42.7 | 31.6 |
| CHALET HOTELS LIMITED | 17,782 | 33.6 | 4.81 | 16.2 | 17.4 | 13.6 | 56.6 | 45.5 |
| VENTIVE HOSPITALITY LTD | 12,520 | 26.1 | 1.85 | 11.1 | 7.4 | 7.4 | — | 37.7 |
| LEMON TREE HOTELS LTD | 8,434 | 35.9 | 4.06 | 15.6 | 13.9 | 9.2 | 41.8 | 44.1 |
| INDIA TOUR. DEV. CO. LTD. | 5,146 | 62.8 | 12.52 | 42.0 | 20.0 | 26.6 | 24.7 | 17.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 32.5 | 26.1 | 35 of 57 | 39% |
| P/B | 1.1 | 1.6 | 18 of 57 | 70% |
| ROCE | (2.7) | 4.9 | 56 of 65 | 14% |
| ROE | (2.9) | 6.3 | 50 of 57 | 13% |
| Debt / Equity | 0.0 | 0.2 | 12 of 57 | 80% |
| Profit growth | (5.4) | 11.6 | 33 of 55 | 41% |
| Market cap | 32 | 237 | 50 of 66 | 25% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Promoter reclassification: 54.08% stake transferred to new promoters, effective Sept 7, 2026 | ownership changes | high | — | — |
| 14 Oct 2026 · Routine SEBI compliance certificate for Q2 FY26 dematerialization | compliance | minimal | — | — |
| 14 Oct 2026 · EGM results: all 10 resolutions passed with 100 percent approval | board shareholder meetings | low | — | — |
| 14 Oct 2026 · EGM approves new board, registered office shift to Telangana, wider borrowing powers | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Trading window closed till Q2 and H1 FY26 results are announced | compliance | minimal | — | — |
| 22 Sept 2026 · EGM on Oct 14: Director appointments, office shift to Telangana, borrowing hike | board shareholder meetings | low | — | — |
| 22 Sept 2026 · Reliable Ventures India gets 3-month extension to hold AGM for FY26 | board shareholder meetings | medium | — | — |
| 21 Sept 2026 · Board meeting outcome: office shift to Telangana, borrowing hike, EGM on Oct 14 | corporate actions | medium | — | — |
| 12 Sept 2026 · Promoter acquires 5.45 percent stake in Reliable Ventures via off-market deal | ownership changes | high | — | — |
| 12 Sept 2026 · Promoter acquires 29.05 percent stake via off-market and rights issue | ownership changes | critical | — | — |
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.