An investment and holding company listed on BSE under code 503635, operating primarily through real estate subsidiaries and partnership firms rather than from the standalone entity. On a consolidated basis, FY26 revenue of Rs 112.37 crore was driven by subsidiaries including Vin Care Realtors, Marine Drive Realtors and Hariyana Developers, along with several partnership firms; the standalone entity itself reported only Rs 153.08 lakh of revenue from operations in FY26 and actually swung to negative Rs 18.48 lakh in Q3 FY26. Consolidated profit after tax for FY26 was Rs 18.44 crore with an EBIT margin of 27.2% at the consolidated level. Materials and development-related inputs made up 68.6% of consolidated revenue at Rs 77.07 crore, consistent with a real estate construction/development cost base, while employee cost was just 2.4% and other opex 2.2%. The board has approved a preferential issue of up to 18,50,000 convertible warrants at Rs 175 each, aggregating Rs 32.375 crore, with 18,00,000 of these earmarked for the two promoters (Ajay Dilkush Sarupria and Shailesh Hingarh, 9,00,000 each) and is also seeking shareholder approval to raise the borrowing limit to Rs 500 crore. Operating cash flows remained negative on both standalone (Rs 820 lakh) and consolidated (Rs 1,072 lakh) bases for FY26, and consolidated total assets stood at Rs 27,729.62 lakh. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Revenue from Operations (consolidated, real estate subsidiaries and partnership firms) (100%). BSE-listed holding company whose earnings come from real estate subsidiaries and partnership firms; standalone entity is small and volatile
| ₹ crore · consolidated | FY21 | FY22 | FY23 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6 | 21 | 3 | 44 | 112 |
| EBITDA (ex other income) | 2 | 1 | 0 | 3 | 30 |
| margin % | 28.8 | 5.0 | 7.0 | 7.7 | 26.9 |
| Owners' profit | 1 | 0 | 0 | 2 | 18 |
| EPS, as reported (₹) | 4.34 | 1.43 | 0.29 | 3.51 | 52.90 |
| ROE % · ROCE % | 12.2 · 9.5 | 2.9 · 3.3 | 0.5 · 0.5 | 4.6 · 2.5 | 26.4 · 20.1 |
| Debt / equity (x) | 0.73 | 0.25 | 2.29 | 1.60 | 1.32 |
| Cash from operations | (17) | 2 | (35) | (27) | 17 |
| Capex | 0 | 0 | (0) | (0) | (0) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 12 | 16 | 20 | 32 | 31 | 30 | 28 |
| Profit before tax | 0 | 2 | 1 | 3 | 8 | 7 | 7 | 8 |
| Net profit | 0 | 1 | 0 | 2 | 6 | 5 | 5 | 6 |
| EPS (₹) | 0.30 | 3.82 | 0.64 | 3.54 | 7.94 | 7.72 | 14.54 | 8.12 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 34,342 | 38.9 | 10.50 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,526 | 19.6 | 4.12 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,359 | — | 2.80 | 41.8 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 1,077 | — | 0.82 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Book Closure for 46th AGM Set from Sep 23 to Sep 29, 2026 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Book Closure for 46th AGM set from September 23 to 29, 2026 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Book closure for 46th AGM set from September 23 to 29, 2026 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Notice of 46th AGM and Annual Report for FY 2025-26 on September 29, 2026 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Notice of 46th AGM and remote e-voting information published in newspapers | compliance | minimal | — | — |
| 5 Sept 2026 · 46th AGM notice and annual report for FY 2025-26 submitted | board shareholder meetings | low | — | — |
| 5 Sept 2026 · 46th AGM on September 29, 2026 - auditor change and new director on agenda | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Board meeting outcome: AGM, auditor change, director reshuffle | management changes | medium | — | — |
| 5 Sept 2026 · Board approves AGM, new auditor and director changes | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Board approves new auditor and AGM notice; independent director resigns | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| PRIME SECURITIES LIMITED |
| 961 |
| 171.5 |
| 3.75 |
| 87.4 |
| 5.1 |
| — |
| 25.7 |
| 19.0 |
| WEALTH FRST PORT. MG. LTD | 900 | 27.3 | 5.29 | 17.3 | 22.5 | 30.3 | — | 97.5 |
| STELLANT SECURITIES (INDIA) LT | 559 | — | 1784.58 | — | 18.2 | 18.2 | — | 56.7 |
| THE INVEST TRUST OF IND L | 511 | 15.3 | 0.70 | 7.1 | 4.7 | 3.9 | (2.4) | 23.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.1 | 17.9 | 29 of 95 | 70% |
| P/B | 3.5 | 1.2 | 84 of 101 | 17% |
| ROCE | 16.2 | 1.6 | 11 of 84 | 88% |
| ROE | 26.4 | 1.3 | 4 of 115 | 97% |
| Debt / Equity | 1.3 | 0.0 | 110 of 115 | 4% |
| EBITDA margin | 37.3 | 25.6 | 38 of 91 | 59% |
| Revenue growth | 38.9 | (4.1) | 25 of 85 | 71% |
| Profit growth | 130.3 | (0.2) | 19 of 109 | 83% |
| Market cap | 244 | 28 | 14 of 109 | 88% |
| 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 |
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.
