Generates income only from investments and financial assets, with zero revenue from operations in FY26. Total income for FY26 stood at Rs 187.88 lakhs, down from Rs 212.84 lakhs in FY25, comprising interest income of Rs 183.57 lakhs, dividend income of Rs 4.02 lakhs, and Rs 0.30 lakhs from profit on land sale. Net profit for FY26 was Rs 142.31 lakhs versus Rs 139.84 lakhs in FY25, with the marginal rise attributable to lower tax expense. Operating cash flow turned negative at Rs 45.57 lakhs outflow, compared with positive Rs 160.25 lakhs in the prior year. Total expenditure remains minimal, reported at Rs 6.44 lakhs for Q3 FY26. The company holds zero borrowings and a cash balance of Rs 85.77 lakhs, though its reserves stand deeply negative at Rs (17,002.78) lakhs, giving a negative net worth of Rs (17,001.78) lakhs. A GST demand notice of Rs 75,31,744 has been received relating to transfer of leasehold rights in MIDC land during FY22, which the company is challenging before the Bombay High Court. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income, Dividend income, Profit on land sale. Dormant industrial shell company functioning as a holding and investment entity
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (1) | (1) | (0) | (1) | (0) |
| margin % | — | (18345.9) | — | — | — |
| Owners' profit | 2 | 6 | 1 | 1 | 1 |
| EPS, as reported (₹) | 2.70 | 8.05 | 1.47 | 1.92 | 1.95 |
| ROE % · ROCE % | 6.3 · 7.0 | 15.8 · 18.4 | 2.8 · 2.9 | 3.5 · 3.9 | 3.5 · 3.6 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 1 | (3) | 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 | 1 | 1 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.42 | 0.09 | 0.68 | 0.73 | 0.49 | 0.46 | 0.59 | 0.41 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · AGM Notice and FY26 Annual Report shared with shareholders | compliance | minimal | — | — |
| 5 Sept 2026 · AGM on Sept 30, 2026; book closure Sept 24-30; e-voting cutoff Sept 23 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Notice of 52nd AGM on Sept 30, 2026 with 4 resolutions | board shareholder meetings | low | — | — |
| 5 Sept 2026 · 52nd Annual Report FY 2025-26 submitted; AGM on September 30, 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · 52nd AGM set for September 30, 2026 | compliance | minimal | — | — |
| 12 Aug 2026 · Q1 FY27 Results: Zero Operating Revenue, PAT Rs 37.21 Lacs | results | medium | — | — |
| 12 Aug 2026 · Board approves Q1 FY27 results, appoints Ramanand & Associates as auditor | results | medium | — | — |
| 4 Aug 2026 · Board meeting on 12 Aug 2026 to approve Q1 FY27 results | board shareholder meetings | low | — | — |
| 7 Jul 2026 · RTA compliance certificate for quarter ended June 2026 | compliance | minimal | — | — |
| 26 Jun 2026 · Trading Window Closed from July 1 for Q1 Results | compliance | minimal | — | — |
| 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 |
| RATNAMANI MET & TUB LTD. |
| 19,815 |
| 45.8 |
| 4.71 |
| 23.1 |
| 12.7 |
| 15.6 |
| 14.4 |
| 18.5 |
| GODAWARI POW & ISP LTD | 15,875 | 18.6 | 2.71 | 12.0 | 13.7 | 17.0 | 5.7 | 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.2 | 16.2 | 34 of 118 | 72% |
| P/B | 0.3 | 1.7 | 5 of 99 | 95% |
| ROCE | 3.6 | 8.7 | 85 of 120 | 29% |
| ROE | 3.5 | 8.6 | 83 of 114 | 27% |
| Debt / Equity | 0.0 | 0.1 | 11 of 114 | 79% |
| Profit growth | (43.2) | 29.3 | 85 of 105 | 19% |
| Market cap | 14 | 247 | 107 of 120 | 11% |
| 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.
