BSE: 512117
TWIN ROSES TRADES & AGENCIES L
Earns only interest income on cash reserves held in bank accounts, with revenue from operations at zero across every quarter of FY26. Other income for the year was ₹19.68 lakhs in FY26, down from ₹21.06 lakhs in FY25, primarily reflecting interest earned on bank deposits. The main expense is employee costs at ₹7.79 lakhs in H1 FY26, alongside listing fees of ₹0.96 lakh in Q1 FY26 and other administrative overheads. Total expenses of ₹20.16 lakhs exceeded total income of ₹19.68 lakhs, producing a net loss of ₹5.44 lakhs compared to a ₹2.73 lakh loss in FY25. No dividend was recommended for FY26, and statutory auditors issued unmodified opinions throughout the year. The company has no operating business, no customers, and no material liabilities. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Other income (interest on bank deposits) (100%). Non-operating listed entity earning interest on cash reserves
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | (0) | (0) | (0) | (0) | (0) |
| EPS, as reported (₹) | (0.21) | (0.26) | (0.14) | 0.12 | (0.24) |
| ROE % · ROCE % | (1.6) · (0.3) | (2.0) · (0.7) | (1.1) · 0.7 | (1.0) · 0.9 | (1.9) · (0.2) |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | (0) | (0) | (0) | (0) |
| Capex | 0 | 0 | 0 | 0 | 0 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | (0) | 0 | (0) | (0) |
| Net profit | (0) | (0) | (0) | 0 | (0) | (0) | (0) | (0) |
| EPS (₹) | (0.01) | (0.01) | 0.04 | 0.01 | (0.12) | 0.04 | (0.10) | (0.12) |
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. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 17,213 | 28.2 | 11.57 | 16.5 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,821 | 101.2 | 29.48 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,059 | 16.9 | 2.36 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,677 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,439 | 195.1 | 10.25 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,838 | 19.1 | 4.14 | 14.5 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,250 | 34.0 | 2.48 | 25.3 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,731 | — | 7.25 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | (0.2) | 3.4 | 79 of 103 | 24% |
| ROE | (1.9) | 2.9 | 91 of 113 | 20% |
| Debt / Equity | 0.0 | 0.1 | 1 of 91 | 77% |
| Profit growth | (1183.3) | 5.2 | 106 of 110 | 4% |
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 to approve September 2026 quarterly results | results | low | — | — |
| 30 Sept 2026 · 41st AGM Voting Results: Both Resolutions Passed Unanimously | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 41st AGM held on Sept 30, 2026; all resolutions passed | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 as amended read with Circular No. LIST/COMP/01/2019-20 dated April 2, 2019, the trading window for dealing in the Securities .... | compliance | minimal | — | — |
| 7 Sept 2026 · Book closure for AGM from Sep 18 to Sep 21, 2026 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Cut-off date Sept 23 fixed for e-voting at 41st AGM | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Twin Roses files FY26 Annual Report; 41st AGM set for Sep 30, 2026 | results | high | — | — |
| 7 Sept 2026 · 41st AGM on September 30, 2026; FY26 results adoption and director re-appointment | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Twin Roses Q1 FY27 net loss widens to Rs 2.60 lakh vs Rs 0.24 lakh profit YoY | results | medium | — | — |
| 13 Aug 2026 · Twin Roses Q1 FY27 results: net loss of 2.60 lakh, nil operating revenue | results | medium | — | — |
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.