Operates in real estate through two business segments — Construction & Contract Related Activity and Estate Dealing & Development Activity — with operations run through five wholly-owned subsidiaries and a registered base in Nashik. In FY26, standalone revenue from operations was Rs 1,644.17 lakh, up 6.2% year-on-year, with standalone profit after tax of Rs 271.09 lakh, a 73% jump from FY25. On a consolidated basis, FY26 revenue from operations was Rs 4,074.29 lakh with PAT of Rs 511 lakh. Q3 FY26 standalone revenue rose to Rs 541.83 lakh from Rs 330.59 lakh a year earlier, with PAT at Rs 148.08 lakh. Materials accounted for 18.3% of revenue and employees 19.4% of revenue. Depreciation was 5.5% of revenue and capex 2.7% of revenue in FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Construction & Contract Related Activity, Estate Dealing & Development Activity. Small-cap, family-promoter-controlled real estate developer and contractor
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 55 | 58 | 31 | 32 | 35 |
| EBITDA (ex other income) | 34 | 20 | 1 | 6 | 4 |
| margin % | 61.5 | 35.2 | 2.0 | 19.3 | 10.5 |
| Owners' profit | 0 | 0 | (1) | 0 | 0 |
| EPS, as reported (₹) | 37.72 | 17.94 | (1.05) | 7.27 | 5.68 |
| ROE % · ROCE % | 26.3 · 17.8 | 11.1 · 9.7 | (0.7) · (0.2) | 4.3 · 4.6 | 3.3 · 3.9 |
| Debt / equity (x) | 0.12 | 0.15 | 0.21 | 0.12 | 0.11 |
| Cash from operations | (3) | (10) | 14 | (14) | 3 |
| Capex | (4) | (3) | (2) | (2) | (1) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 14 | 7 | 6 | 9 | 7 | 14 | 5 |
| Profit before tax | (0) | 3 | 0 | 5 | 1 | 1 | 5 | (0) |
| Net profit | (0) | 3 | 0 | 4 | 1 | 1 | 5 | (2) |
| EPS (₹) | (0.37) | 3.20 | 0.14 | 4.25 | 1.61 | 0.73 | 5.61 | 2.33 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Construction & Contract Related Activity | 20 | 58.2 |
| Estate Dealing & Development Activity | 14 | 41.8 |
| Total, before eliminations | 34 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,59,533 | 35.9 | 3.51 | 48.1 | 9.7 | 6.0 | 8.6 | 37.1 |
| LODHA DEVELOPERS LIMITED |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Newspaper advertisement for 39th AGM notice | compliance | minimal | — | — |
| 7 Sept 2026 · Thakkers Developers sets September 24-30 book closure for 39th AGM | compliance | minimal | — | — |
| 7 Sept 2026 · Annual Report FY2025-26 and 39th AGM Notice filed with BSE | results | medium | — | — |
| 7 Sept 2026 · 39th AGM on 30 Sept 2026 via video conferencing, book closure 24 to 30 Sept | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Board meeting on Aug 14, 2026 to approve Q1 FY27 results | results | low | — | — |
| 6 Jul 2026 · Reg 74(5) certificate for Q1 FY27, no shares dematerialised | compliance | minimal | — | — |
| 25 Jun 2026 · Trading window closed from July 1 ahead of Q1 FY27 results | compliance | minimal | — | — |
| 29 May 2026 · Attached herewith | compliance | minimal | — | — |
| 29 May 2026 · Attached herewith Audited Financial Results for the year ended 31.03.2026 | results | high | — | — |
| 29 May 2026 · Please find enclosed herewith copy of Audited Standalone and Consolidated Financial Statements along with copy of Auditor's Report and Declaration of unmodified opinion as per SEBI (Listing .... | results | high | — | — |
| 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 |
| 1,11,589 |
| 27.0 |
| 4.76 |
| 22.1 |
| 14.6 |
| 15.7 |
| 25.1 |
| 40.5 |
| THE PHOENIX MILLS LTD | 67,594 | 52.8 | 4.73 | 26.2 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 64,519 | 56.6 | 3.85 | 18.5 | 7.8 | 6.8 | 11.8 | 38.1 |
| OBEROI REALTY LIMITED | 63,306 | 20.8 | 3.53 | 18.2 | 14.0 | 15.5 | 24.0 | 61.1 |
| GODREJ PROPERTIES LTD | 52,653 | 32.9 | 2.72 | 23.7 | 9.5 | 11.4 | 46.3 | 107.7 |
| ANANT RAJ LIMITED | 21,490 | 36.2 | 3.69 | 29.3 | 9.6 | 10.2 | 58.7 | 32.1 |
| BRIGADE ENTER. LTD | 20,941 | 24.4 | 2.78 | 15.7 | 9.6 | 6.8 | 23.9 | 41.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.1 | 21.8 | 16 of 57 | 73% |
| P/B | 0.8 | 2.1 | 8 of 64 | 87% |
| ROCE | 3.5 | 6.8 | 48 of 67 | 29% |
| ROE | 3.3 | 8.2 | 49 of 67 | 27% |
| Debt / Equity | 0.1 | 0.4 | 19 of 67 | 73% |
| EBITDA margin | 13.1 | 29.6 | 51 of 66 | 23% |
| Revenue growth | (22.6) | 12.8 | 58 of 67 | 14% |
| Profit growth | (154.9) | 7.5 | 63 of 66 | 5% |
| Market cap | 122 | 2250 | 62 of 67 | 8% |
| 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 |
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