BSE: 500426
UTL INDUSTRIES LIMITED
Operates in two reported segments: an SMS (Short Message Service) business and a Construction business. The SMS segment is the sole revenue generator, contributing essentially all of FY26 revenue of ₹0.27 crore, with quarterly SMS revenue visible in the segment trend (₹0.16 crore in Q1 FY26 declining to ₹0.03 crore by Q4 FY26). The Construction segment has reported zero or near-zero revenue across recent quarters while consistently recording segment-level losses (e.g., -₹0.05 crore in Q4 FY26, -₹0.10 crore in 9M FY26). Overall, FY26 revenue was ₹0.27 crore against a net profit of ₹0.06 crore, with EBITDA margin of 21.8%. The cost structure is dominated by 'other operating expenses' at 48.0% of revenue, while employee cost is 8.9% and materials just 0.4%. The company is a very small BSE-listed entity (paid-up capital ~₹3.30 crore, net worth ~₹4.10 crore) and is exempt from several SEBI LODR corporate governance provisions due to its size. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. SMS Business (100%), Construction Business (0%). Very small-cap, two-segment entity with one revenue-generating line (SMS) and a loss-making Construction segment
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 % | (337.5) | (324.6) | (331.0) | (67.8) | 21.7 |
| Owners' profit | (0) | (0) | (0) | (0) | 0 |
| EPS, as reported (₹) | (0.06) | (0.03) | (0.07) | (0.03) | 0.02 |
| ROE % · ROCE % | (4.6) · (4.3) | (2.2) · (2.2) | (5.4) · (5.4) | (2.5) · (2.5) | 1.4 · 1.4 |
| Debt / equity (x) | 0.01 | 0.01 | 0.00 | 0.02 | 0.02 |
| Cash from operations | 0 | (0) | (0) | (0) | 0 |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ 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) | (0) | (0) | 0 | 0 | (0) | (0) |
| Net profit | (0) | (0) | (0) | (0) | 0 | 0 | (0) | (0) |
| EPS (₹) | (0.01) | 0.00 | (0.01) | (0.01) | 0.02 | 0.01 | (0.01) | (0.01) |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| SMS Business | 0 | 11.0 |
| sms business | 0 | 89.0 |
| Total, before eliminations | 0 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KESAR INDIA LIMITED | 3,089 | 82.0 | 12.40 | 67.0 | 12.0 | 15.2 | — | 26.9 |
| MEGHNA INFRACON INFRA L | 1,460 | 215.4 | 54.28 | 143.3 | 20.8 | 33.9 | — | 15.3 |
| India Homes Limited | 1,015 | — | 27.41 | — | (31.0) | (17.8) | — | — |
| B-RIGHT REALESTATE LIMITED | 954 | 26.6 | — | — | — | 19.2 | — | — |
| SHRADDHA PRIME PROJECTS L | 666 | 11.9 | 4.88 | 11.3 | 39.1 | 20.2 | — | 16.1 |
| YOGI LTD. | 656 | 31.5 | 4.61 | 25.6 | 14.9 | 15.6 | — | 5.1 |
| HAZOOR MULTI PROJECTS LTD | 409 | 5.5 | 0.66 | 3.1 | 6.8 | 5.8 | — | 86.5 |
| RDB INFRASTRUCTURE AND POWER L | 340 | 17.3 | 1.28 | 21.5 | 4.7 | 5.7 | 16.3 | 23.7 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 138.0 | 17.4 | 55 of 61 | 10% |
| P/B | 1.1 | 1.1 | 36 of 70 | 49% |
| ROCE | 1.4 | 1.9 | 49 of 88 | 45% |
| ROE | 1.4 | 1.6 | 39 of 73 | 47% |
| Debt / Equity | 0.0 | 0.3 | 24 of 73 | 68% |
| EBITDA margin | (103.0) | 15.3 | 54 of 59 | 9% |
| Revenue growth | 35.8 | (11.0) | 18 of 64 | 73% |
| Profit growth | 26.6 | (48.8) | 23 of 79 | 72% |
| Market cap | 5 | 30 | 82 of 88 | 7% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 24 Oct 2026 · UTL Industries to review Q2 results on 5 November 2026 | results | low | — | — |
| 7 Oct 2026 · NIL compliance report on non-convertible securities for Q2 FY27 | compliance | minimal | — | — |
| 5 Oct 2026 · UTL Industries files quarterly RTA confirmation certificate with BSE | compliance | minimal | — | — |
| 25 Sept 2026 · UTL Industries appoints V.J. Amin and Co. as statutory auditor for 5 years | management changes | medium | — | — |
| 25 Sept 2026 · UTL Industries 37th AGM: All 3 resolutions passed with over 96 percent support | board shareholder meetings | low | — | — |
| 25 Sept 2026 · UTL Industries holds 37th AGM via video conferencing on 25 September 2026 | board shareholder meetings | low | — | — |
| 17 Sept 2026 · UTL Industries gets partial relief in GST appeal; about Rs 24.7 lakh demand stays | regulatory legal | medium | — | — |
| 8 Sept 2026 · Trading Window Closure for Q2 Results Announcement | compliance | minimal | — | — |
| 1 Sept 2026 · AGM notice and FY26 annual report link dispatched to shareholders | compliance | minimal | — | — |
| 31 Aug 2026 · UTL Industries files newspaper notice for 37th AGM, e-voting and book closure | compliance | minimal | — | — |
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.