BSE: 503675
WAGEND INFRA VENTURE LIMITED
A small BSE-SME-listed entity that, in FY26, reported total revenue of ₹278.62 lakh, up sharply from ₹42.98 lakh in FY25. Revenue from operations of ₹243.02 lakh was driven by stock-in-trade activity that began during the financial year — H1 FY26 alone saw ₹96.57 lakh of stock-in-trade purchases, up from essentially nothing in the same period a year earlier. The remainder of total revenue, ₹35.60 lakh, came from other income, mainly interest. The company reports as a single-segment business and operates from a registered office in Andheri West, Mumbai. Margins are very thin: FY26 net profit was ₹3.37 lakh and the stated EBITDA margin is 1.95%. Capital expenditure was 135.7% of revenue during the year, and by H1 FY26 the balance sheet carried current borrowings of ₹142.48 lakh and a new long-term liability of ₹73.25 lakh, with reserves negative at ₹(21.43) lakh. The board saw the resignation of Independent Director Yash Surjan in March 2026, who also vacated the chairmanship of the Audit, Nomination and Remuneration, and Stakeholders Relationship committees. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Revenue from operations (stock-in-trade trading), Other income. Very small, single-segment BSE-SME-listed trading entity with very thin margins
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 1 | 0 | 2 |
| EBITDA (ex other income) | (0) | (0) | (1) | (0) | (0) |
| margin % | — | (95.0) | (46.1) | (587.6) | (12.7) |
| Owners' profit | 0 | 0 | (0) | 0 | 0 |
| EPS, as reported (₹) | 0.03 | 0.01 | (0.00) | 0.00 | 0.01 |
| ROE % · ROCE % | 1.3 · 1.5 | 0.4 · 0.4 | (0.1) · 0.0 | 0.3 · 0.3 | 0.4 · 0.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.06 | 0.11 |
| Cash from operations | 0 | (0) | 0 | (1) | 2 |
| Capex | 0 | 0 | 0 | 0 | (3) |
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 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | (0) | (0) | 0 | 0 | 0 | (0) |
| Net profit | 0 | 0 | (0) | (0) | 0 | 0 | 0 | (0) |
| EPS (₹) | 0.02 | 0.01 | (0.02) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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 |
|---|---|---|---|---|
| P/B | 0.7 | 1.3 | 28 of 95 | 71% |
| ROCE | 0.5 | 3.4 | 72 of 103 | 30% |
| ROE | 0.4 | 2.9 | 78 of 113 | 31% |
| Debt / Equity | 0.1 | 0.1 | 52 of 91 | 43% |
| EBITDA margin | (0.8) | 25.4 | 75 of 92 | 19% |
| Revenue growth | 279.3 | 16.2 | 8 of 91 | 92% |
| Profit growth | 33.9 | 5.2 | 49 of 110 | 56% |
| Market cap | 6 | 47 | 93 of 108 | 14% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · No shares dematerialised in Sep 2026 quarter, RTA confirms compliance | compliance | minimal | — | — |
| 1 Oct 2026 · 44th AGM results - all 3 resolutions passed with 100 percent approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Independent Director appointment regularized at Wagend Infra | management changes | medium | — | — |
| 30 Sept 2026 · Independent Director appointment regularised at AGM | management changes | medium | — | — |
| 30 Sept 2026 · 44th AGM held via VC; three resolutions tabled including director appointments | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed for Q2 FY27 results | compliance | minimal | — | — |
| 8 Sept 2026 · Newspaper ad released for 28th AGM notice and e-voting details | compliance | minimal | — | — |
| 8 Sept 2026 · AGM notice and annual report link sent to shareholders without registered email | compliance | minimal | — | — |
| 7 Sept 2026 · Notice of 44th AGM on Sep 30, 2026 - accounts, director changes | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Wagend Infra Venture submits FY2025-26 Annual Report; AGM set for Sep 30 | results | high | — | — |
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.