Operates as a Mumbai-based real estate developer, with its main project — Zodiac Guruchhaya, a residential development in Vile Parle East — currently under construction after commencing in July 2025. FY26 net sales of Rs. 3.43 crore are small relative to the asset base, reflecting that the company is still in the inventory-build phase before unit sales are recognised. Operating costs are dominated by 'other operating expenses' at 66.0% of revenue and employee costs at 11.9% of revenue; there are no material input costs and no capex booked in the year. In September 2025 the company raised fresh equity through a rights issue to fund working capital, repay loans and support the new project. Routine disclosures include trading-window closures, RTA correspondence and secretarial filings, alongside board-approved progress on the project. The company has also approved selling its 100% stake in associate Mumbai Mega Development Private Limited, a small contributor to profits. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Real estate development. Asset-heavy, project-cycle real estate development with revenue back-loaded
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 99 | 1 | 2 | 3 |
| EBITDA (ex other income) | 4 | 11 | 10 | 4 | 2 |
| margin % | 542.4 | 10.7 | 1483.2 | 225.1 | 66.5 |
| Owners' profit | 0 | 2 | 5 | 1 | 0 |
| EPS, as reported (₹) | (1.48) | 0.55 | 1.44 | 0.27 | 0.19 |
| ROE % · ROCE % | 2.3 · 17.0 | 16.4 · 26.0 | 1.9 · 22.1 | 7.0 · 24.7 | 3.9 · 4.2 |
| Debt / equity (x) | 0.80 | 1.46 | 1.88 | 1.89 | 0.43 |
| Cash from operations | 7 | 73 | (8) | 3 | (19) |
| Capex | (0) | (0) | (0) | 0 | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| EPS (₹) | 0.09 | 0.06 | 0.07 | 0.08 | 0.04 | 0.04 | 0.08 | 0.02 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CENTRAL MINE P N D INST L | 15,301 | 50.3 | 6.70 | — | 26.9 | 34.6 | — | 34.9 |
| IIRM HOLDINGS INDIA LIMITED | 966 | 39.4 | 6.13 | 16.3 | 15.5 | 14.4 | — | 24.9 |
| Qualitek Labs Limited | 647 | 41.5 | — | — | — | 8.5 | — | — |
| Monarch Surveyors and Engineer | 411 | 8.4 | — | — | — | 20.9 | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Zodiac Ventures files 45th AGM notice publication with BSE | compliance | minimal | — | — |
| 3 Sept 2026 · Annual Report FY25-26 and 45th AGM notice filed | results | high | — | — |
| 3 Sept 2026 · 45th AGM on 28 Sep 2026: financials, director reappointment and key approvals | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Book closure from Sep 21 to Sep 28, 2026 for 45th AGM on Sep 28 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Zodiac Ventures 45th AGM notice via video conference | compliance | minimal | — | — |
| 1 Sept 2026 · AGM scheduled Sep 28, 2026; e-voting Sep 25 to 27 | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Board approves Q1 FY27 results, appoints new Company Secretary | management changes | medium | — | — |
| 10 Aug 2026 · Board meeting on Aug 14 to approve Q1 FY27 audited results | results | low | — | — |
| 15 Jul 2026 · RTA submits quarterly dematerialisation certificate to BSE | compliance | minimal | — | — |
| 27 Jun 2026 · Trading window closed for insiders | 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 |
| Ekansh Concepts Limited |
| 308 |
| 46.9 |
| 6.78 |
| 182.6 |
| (6.7) |
| (6.8) |
| (12.2) |
| 48.8 |
| LIKHAMI CONSULTING LIMITED | 297 | 934.1 | 8.46 | — | 0.7 | 0.9 | — | 67.2 |
| EKI ENERGY SERVICES LTD | 189 | 11.0 | 0.49 | 19.1 | (4.3) | (3.0) | — | (6.1) |
| MITCON CON & ENG SER LTD | 139 | 12.7 | 0.81 | 6.7 | 5.4 | 5.1 | — | 12.7 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.9 | 8.4 | 12 of 25 | 54% |
| P/B | 0.3 | 1.8 | 2 of 17 | 94% |
| ROCE | 2.2 | 7.9 | 19 of 27 | 31% |
| ROE | 3.9 | 5.8 | 12 of 20 | 42% |
| Debt / Equity | 0.4 | 0.0 | 15 of 20 | 26% |
| EBITDA margin | 70.4 | 31.8 | 3 of 17 | 88% |
| Revenue growth | 74.9 | 10.3 | 4 of 18 | 82% |
| Profit growth | (42.3) | (29.8) | 11 of 18 | 41% |
| Market cap | 12 | 37 | 21 of 26 | 20% |
| 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.
