NSE: SUPREME · BSE: 530677
SUPREME HOLDIN N HOSP I L
Develops residential and commercial real estate, with the main ongoing activity being the Belmac Infinity project at New Panvel, Navi Mumbai, which was reconfigured from Ground plus 10 floors to Ground plus 13 floors following an Amended Commencement Certificate from CIDCO. The company also holds a Belmac Project land parcel for which it received height clearance of 159.10 meters from the Airports Authority of India, enabling fuller use of the site's permissible development potential. FY26 standalone revenue dropped sharply to Rs. 380.71 lakhs from Rs. 6,622.93 lakhs in FY25, and consolidated profit after tax fell to Rs. 39.21 lakhs. Operating cash flows were negative at Rs. -241.95 lakhs on a consolidated basis for FY26. Three subsidiaries operate under the company — Helmet Traderz Limited, Belmaac City Developers Private Limited, and Visana Infrastructure Private Limited. Materials account for the largest share of operating costs at 84.7% of revenue in FY26, with employee costs at 26.6% and other opex at 65.9%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Residential and commercial real estate development. Asset-heavy, project-based real estate developer with lumpy revenue tied to project milestones
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 76 | 73 | 72 | 66 | 4 |
| EBITDA (ex other income) | 15 | 11 | 6 | 11 | (3) |
| margin % | 19.0 | 15.3 | 8.5 | 16.1 | (77.2) |
| Owners' profit | 0 | 0 | 8 | 10 | 1 |
| EPS, as reported (₹) | 3.63 | 3.37 | 2.11 | 2.09 | 0.09 |
| ROE % · ROCE % | 12.6 · 15.2 | 2.2 · 2.7 | 1.4 · 2.2 | 1.8 · 2.4 | 0.1 · 0.1 |
| Debt / equity (x) | 0.06 | 0.01 | 0.01 | 0.01 | 0.01 |
| Cash from operations | 34 | 7 | (36) | (11) | (2) |
| Capex | (0) | (0) | (0) | (0) | (1) |
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 | 23 | 20 | 0 | 0 | 0 | 1 | 2 | 2 |
| Profit before tax | 5 | 5 | (2) | 0 | 0 | 0 | (0) | 1 |
| Net profit | 4 | 4 | (2) | 0 | 0 | 0 | (0) | 0 |
| EPS (₹) | 1.10 | 1.13 | (0.22) | 0.02 | 0.07 | 0.04 | (0.02) | 0.10 |
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. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,64,917 | 37.1 | 3.63 | 49.7 | 9.7 | 6.0 | 8.6 | 37.1 |
| LODHA DEVELOPERS LIMITED | 1,01,079 | 24.5 | 4.31 | 20.2 | 14.6 | 15.7 | 25.1 | 40.5 |
| THE PHOENIX MILLS LTD | 67,952 | 53.1 | 4.75 | 26.3 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 59,932 | 52.6 | 3.58 | 17.4 | 7.8 | 6.8 | 11.8 | 38.1 |
| OBEROI REALTY LIMITED | 58,212 | 19.1 | 3.25 | 16.8 | 14.0 | 15.5 | 24.0 | 61.1 |
| GODREJ PROPERTIES LTD | 47,804 | 29.9 | 2.47 | 22.0 | 9.5 | 11.4 | 46.3 | 107.7 |
| BRIGADE ENTER. LTD | 17,613 | 20.5 | 2.34 | 13.7 | 9.6 | 6.8 | 23.9 | 41.9 |
| ANANT RAJ LIMITED | 16,622 | 28.0 | 2.86 | 22.6 | 9.6 | 10.2 | 58.7 | 32.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 146.7 | 20.5 | 54 of 57 | 5% |
| P/B | 0.2 | 1.9 | 2 of 64 | 98% |
| ROCE | 0.1 | 6.4 | 58 of 66 | 12% |
| ROE | 0.1 | 8.0 | 58 of 64 | 10% |
| Debt / Equity | 0.0 | 0.4 | 9 of 64 | 87% |
| EBITDA margin | 28.9 | 29.6 | 35 of 66 | 48% |
| Revenue growth | 1284.1 | 12.8 | 2 of 67 | 99% |
| Profit growth | 598.1 | 7.5 | 5 of 66 | 94% |
| Market cap | 108 | 1781 | 62 of 67 | 8% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Board approves related-party property project worth around Rs 100 crore | general | medium | — | — |
| 14 Oct 2026 · Routine quarterly demat confirmation certificate filed for Sep 2026 quarter | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 29 Sept 2026 · 44th AGM Voting Results: All 5 Resolutions Passed | compliance | minimal | — | — |
| 28 Sept 2026 · Supreme Holdings holds 44th AGM, five resolutions tabled including RPT modification | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Newspaper publication of 44th AGM Notice | compliance | minimal | — | — |
| 2 Sept 2026 · 44th Annual Report and AGM Notice submitted for FY 2025-26 | board shareholder meetings | medium | — | — |
| 2 Sept 2026 · 44th AGM Notice on Sep 28, 2026; New Independent Director Appointment | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Newspaper publication of 44th AGM notice, September 28, 2026 via VC | compliance | minimal | — | — |
| 24 Aug 2026 · Registered office shifts within Pune | general | low | — | — |
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.