Operated SAB Mall in NOIDA as a commercial real estate property that contributed 97.93% of FY26 revenue, equal to Rs 136.03 lakhs. Standalone FY26 revenue stood at Rs 136.03 lakhs (down from Rs 143.07 lakhs in FY25), against employee costs of 29.3% of revenue and other operating expenses of 124.2% of revenue. The standalone business posted a net loss of Rs 86.43 lakhs in FY26, and net worth was negative at Rs 1.78 crore as of March 31, 2026. In June 2026, an addendum was executed to sell SAB Mall, with total balance consideration of Rs 2.25 crore received (Rs 1.25 crore from SMC Enterprises for sale consideration and Rs 1 crore from sister concern Shubham Properties for management rights), pending NOIDA Authority dues clearance for sub-lease deed completion. Consolidated FY26 results also reflected losses driven by the share of associate Malwa Chemtex Udyog, producing a consolidated net loss of Rs 1,684.63 lakhs. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. SAB Mall, NOIDA (98%). Single-asset commercial real estate operator undergoing asset divestment
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 | 1 |
| EBITDA (ex other income) | (1) | (1) | (1) | (1) | (1) |
| margin % | (113.0) | (89.8) | (87.5) | (60.7) | (53.5) |
| Owners' profit | 31 | (2) | 26 | (17) | (3) |
| EPS, as reported (₹) | 35.49 | (1.96) | 29.54 | 19.49 | 3.99 |
| ROE % · ROCE % | 46.7 · (1.6) | (2.7) · (1.5) | 28.5 · (1.1) | (23.6) · (1.1) | (5.2) · (1.0) |
| Debt / equity (x) | 0.07 | 0.05 | 0.02 | 0.00 | 0.00 |
| Cash from operations | 1 | 1 | 1 | 1 | (0) |
| Capex | 0 | 0 | 0 | 0 | 0 |
| ₹ 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 | (2) | (0) | (6) | (8) | 33 | (17) | (11) | (9) |
| EPS (₹) | (2.52) | (0.46) | (7.32) | 9.18 | 38.48 | 19.74 | 12.59 | 10.14 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KESAR INDIA LIMITED | 3,371 | 89.5 | 13.53 | 73.2 | 12.0 | 15.2 | — | 26.9 |
| MEGHNA INFRACON INFRA L | 1,482 | 218.6 | 55.08 | 145.4 | 20.8 | 33.9 | — | 15.3 |
| India Homes Limited | 1,076 | — | 29.06 | — | (31.0) | (17.8) | — | — |
| B-RIGHT REALESTATE LIMITED | 950 | 26.5 | — | — | — | 19.2 | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · AGM notice published; 53rd AGM on Sep 30, 2026 | compliance | minimal | — | — |
| 2 Sept 2026 · Annual Report FY 2025-26 web link sent to unregistered-email shareholders | compliance | minimal | — | — |
| 2 Sept 2026 · Steel Strips Infra FY26 annual report: loss narrows, SAB Mall sale in progress | general | low | — | — |
| 24 Aug 2026 · AGM scheduled on 30 Sep 2026; book closure from 24 Sep | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Quarterly results extract published in two newspapers | compliance | minimal | — | — |
| 1 Aug 2026 · Board Meeting on Aug 13 for Q1 FY26-27 Results | results | low | — | — |
| 6 Jul 2026 · Routine filing of share dematerialisation certificate for quarter ended June 2026 | compliance | minimal | — | — |
| 26 Jun 2026 · Trading window to close from July 1, 2026 for Q1 results | compliance | minimal | — | — |
| 5 Jun 2026 · Addendum Agreement to sell and MOU for transfer of Management rights pertaining to SAB Mall, NOIDA (U.P.). | strategic transactions | medium | — | — |
| 30 May 2026 · Non-applicability of Regulation 24A (2) of SEBI (LODR) Regulations, 2015 for the financial year ended 31.03.2026. | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| YOGI LTD. |
| 678 |
| 32.6 |
| 4.77 |
| 26.2 |
| 14.9 |
| 15.6 |
| — |
| 5.1 |
| SHRADDHA PRIME PROJECTS L | 650 | 11.6 | 4.76 | 11.2 | 39.1 | 20.2 | — | 16.1 |
| HAZOOR MULTI PROJECTS LTD | 556 | 7.5 | 0.89 | 3.7 | 6.8 | 5.8 | — | 86.5 |
| RDB REAL ESTATE CONS L | 352 | 27.4 | 1.33 | 26.5 | (3.3) | (0.7) | — | 3.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 0.3 | 16.7 | 1 of 84 | 100% |
| P/B | 0.3 | 1.1 | 5 of 69 | 94% |
| ROCE | (1.0) | 2.0 | 72 of 93 | 23% |
| ROE | (5.2) | 2.9 | 73 of 85 | 14% |
| Debt / Equity | 0.0 | 0.1 | 11 of 85 | 66% |
| EBITDA margin | (21.9) | 15.3 | 47 of 59 | 21% |
| Revenue growth | 2.3 | (11.0) | 25 of 64 | 62% |
| Profit growth | (10.4) | (48.8) | 33 of 79 | 59% |
| Market cap | 18 | 33 | 59 of 86 | 32% |
| 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.
