BSE: 523752
TRANS INDIA HOUSE IMPEX LIMITE
Trades in agricultural commodities, which made up about 73% of consolidated revenue in H1 FY26, and operates a 51%-owned subsidiary called TIHIL IDA Group Private Limited. The company is based in Ahmedabad, Gujarat and is listed on BSE under code 523752. Standalone revenue for FY26 was Rs 7,105.20 lakhs versus Rs 3,552.60 lakhs the prior year, with the rise concentrated in the first half. Quarterly performance has been uneven: Q3 FY26 standalone revenue was Rs 356.74 lakhs against Rs 1,127.10 lakhs a year earlier, and Q4 FY26 standalone profit was Rs 2.20 lakhs versus Rs 159.48 lakhs in Q4 FY25. The reported cost base is small: employee costs at 1% of revenue, other operating expenses at 2.3% and depreciation at 0.2%, giving an EBITDA margin of 6.79%. The statutory auditor has repeatedly flagged pending trade-debtor balance confirmations and possible doubtful-debt provisions, and the company has received an Income Tax demand of about Rs 60.50 crore plus interest for AY 2024-25, which it is contesting in appeal. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Agricultural commodities trading (73%), Other operations and subsidiary TIHIL IDA Group. Trading-led industrial products company with lumpy quarterly results and stretched working capital.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 67 |
| EBITDA (ex other income) | 4 |
| margin % | 5.5 |
| Owners' profit | 2 |
| EPS, as reported (₹) | 0.54 |
| ROE % · ROCE % | 2.7 · 6.1 |
| Debt / equity (x) | 0.24 |
| Cash from operations | (52) |
| Capex | (0) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 11 | 7 | 26 |
| Profit before tax | (0) | 1 | 2 |
| Net profit | (0) | 0 | 2 |
| EPS (₹) | 0.05 | 0.05 | 0.48 |
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. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 46,786 | 97.2 | 24.93 | 80.7 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 29,194 | 78.7 | 9.52 | 50.8 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 27,680 | 50.5 | 6.20 | — | 11.8 | 15.5 | — | 18.2 |
| KAYNES TECHNOLOGY IND LTD | 22,459 | 64.9 | 4.72 | 31.9 | 7.6 | 9.8 | — | 17.1 |
| JYOTI CNC AUTOMATION LTD | 21,078 | 65.5 | 10.53 | 37.3 | 16.8 | 19.2 | — | 22.2 |
| LMW LIMITED | 17,356 | 99.3 | 6.05 | 56.2 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 13,374 | 469.7 | 3.93 | 40.0 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,314 | 48.4 | 7.32 | 50.2 | 11.7 | 11.5 | — | 15.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.7 | 26.5 | 9 of 130 | 94% |
| P/B | 0.3 | 3.1 | 2 of 112 | 99% |
| ROCE | 3.7 | 11.3 | 111 of 142 | 22% |
| ROE | 2.7 | 9.8 | 93 of 113 | 18% |
| Debt / Equity | 0.2 | 0.2 | 71 of 113 | 38% |
| EBITDA margin | 10.3 | 12.4 | 69 of 110 | 38% |
| Market cap | 19 | 279 | 127 of 141 | 10% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Quarterly confirmation of share dematerialisation processing | compliance | minimal | — | — |
| 1 Oct 2026 · Two Independent Directors and Company Secretary resign effective 1 Oct 2026 | management changes | high | — | — |
| 1 Oct 2026 · Two Independent Directors and Company Secretary resign | management changes | high | — | — |
| 1 Oct 2026 · Two Independent Directors and Company Secretary resign at Trans India House Impex | management changes | medium | — | — |
| 26 Sept 2026 · Trading window closed from Oct 1, 2026 till Q2 results announcement | compliance | minimal | — | — |
| 26 Sept 2026 · All 6 resolutions passed at 38th AGM with over 99.9 percent approval | board shareholder meetings | low | — | — |
| 25 Sept 2026 · 38th AGM held on 25 Sept 2026 - proceedings submitted to BSE | board shareholder meetings | low | — | — |
| 11 Sept 2026 · Newspaper ad for 38th AGM notice and e-voting information | compliance | minimal | — | — |
| 10 Sept 2026 · Annual Report FY2025-26 filed; AGM on Sep 25 with RPT approvals | results | high | — | — |
| 10 Sept 2026 · Notice of 38th AGM on September 25, 2026 | board shareholder meetings | 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.