Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.54 | 6.41 | 24.54 | 3.49 | 28.42 | 20.12 | 43.69 | 10.60 | 19.74 | 29.51 | 60.20 | 10.97 |
| Expenses | 4.62 | 5.62 | 21.87 | 2.87 | 25.52 | 18.14 | 41.57 | 9.49 | 17.20 | 26.65 | 55.53 | 9.04 |
| Operating Profit | 0.92 | 0.79 | 2.67 | 0.62 | 2.90 | 1.98 | 2.12 | 1.11 | 2.54 | 2.86 | 4.67 | 1.93 |
| OPM % | 16.61% | 12.32% | 10.88% | 17.77% | 10.20% | 9.84% | 4.85% | 10.47% | 12.87% | 9.69% | 7.76% | 17.59% |
| Other Income | 0.02 | 0.05 | 0.04 | 0.15 | 0.17 | 0.05 | -0.17 | 0.44 | -0.28 | -0.02 | 0.06 | 0.15 |
| Interest | 0.47 | 0.36 | 0.41 | 0.34 | 0.49 | 0.47 | 0.98 | 0.41 | 0.35 | 0.53 | 0.24 | 0.39 |
| Depreciation | 0.02 | 0.04 | 0.34 | 0.15 | 0.16 | 0.19 | 0.30 | 0.25 | 0.27 | 0.27 | 0.32 | 0.35 |
| Profit before tax | 0.45 | 0.44 | 1.96 | 0.28 | 2.42 | 1.37 | 0.67 | 0.89 | 1.64 | 2.04 | 4.17 | 1.34 |
| Tax % | 20.00% | 25.00% | 36.73% | 25.00% | 25.21% | 24.82% | 26.87% | 24.72% | 36.59% | 16.18% | 26.14% | 25.37% |
| Net Profit | 0.35 | 0.33 | 1.23 | 0.20 | 1.81 | 1.03 | 0.49 | 0.66 | 1.04 | 1.71 | 3.08 | 1.00 |
| EPS in Rs | 0.03 | 0.03 | 0.11 | 0.02 | 0.16 | 0.09 | 0.04 | 0.06 | 0.09 | 0.14 | 0.25 | 0.08 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 30 | 42 | 51 | 58 | 58 | 43 | 40 | 41 | 41 | 96 | 120 | 120 |
| Expenses | 26 | 38 | 46 | 53 | 53 | 38 | 35 | 36 | 36 | 88 | 109 | 108 |
| Operating Profit | 3 | 4 | 5 | 5 | 6 | 5 | 5 | 5 | 5 | 8 | 11 | 12 |
| OPM % | 11% | 9% | 10% | 8% | 10% | 12% | 13% | 12% | 13% | 8% | 9% | 10% |
| Other Income | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Interest | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| Profit before tax | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 5 | 9 | 9 |
| Tax % | 34% | 34% | 29% | 32% | 25% | 26% | 25% | 30% | 32% | 25% | 26% | |
| Net Profit | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 6 | 7 |
| EPS in Rs | 0.40 | 0.22 | 0.29 | 0.20 | 0.23 | 0.19 | 0.19 | 0.19 | 0.19 | 0.32 | 0.52 | 0.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 15% | 23% | 44% | 17% | ||
| Compounded Profit Growth | 17% | 25% | 46% | 71% | ||
| Stock Price CAGR | % | 4% | -8% | -43% | ||
| Return on Equity | 8% | 7% | 7% | 8% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 2 | 3 | 4 | 5 | 5 | 5 | 5 | 15 | 15 | 22 | 25 |
| Reserves | 1 | 2 | 4 | 6 | 20 | 23 | 26 | 28 | 21 | 23 | 45 | 71 |
| Borrowings | 7 | 4 | 6 | 11 | 15 | 16 | 10 | 5 | 11 | 9 | 16 | 14 |
| Other Liabilities | 2 | 7 | 8 | 7 | 10 | 11 | 7 | 10 | 3 | 11 | 7 | 9 |
| Total Liabilities | 11 | 15 | 21 | 28 | 50 | 54 | 48 | 49 | 50 | 58 | 90 | 119 |
| Fixed Assets | 1 | 1 | 1 | 4 | 3 | 5 | 4 | 4 | 3 | 4 | 4 | 7 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 10 | 14 | 20 | 25 | 47 | 49 | 44 | 45 | 46 | 54 | 85 | 112 |
| Total Assets | 11 | 15 | 21 | 28 | 50 | 54 | 48 | 49 | 50 | 58 | 90 | 119 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | 1 | 1 | 2 | 4 | 1 | -5 | -7 | 2 | 2 | -14 | -21 |
| Cash from Investing Activity | -1 | -0 | -0 | -3 | -14 | -1 | 5 | 7 | -2 | -1 | -1 | -4 |
| Cash from Financing Activity | 0 | -1 | -0 | 1 | 11 | -0 | 0 | -0 | 0 | -2 | 23 | 22 |
| Net Cash Flow | 0 | 0 | 0 | -0 | 1 | 0 | 0 | -0 | 0 | -2 | 8 | -3 |
| Free Cash Flow | 0 | 1 | 0 | -1 | 4 | -1 | -5 | -8 | 2 | 1 | -16 | -25 |
| CFO/OP | 81% | 52% | 41% | 55% | 98% | 39% | -86% | -126% | 59% | 52% | -164% | -176% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 101 | 103 | 114 | 85 | 28 | 32 | 130 | 175 | 68 | 70 | 11 | 31 |
| Inventory Days | 16 | 16 | 31 | 63 | 118 | 158 | 82 | 314 | 418 | 2,718 | 1,662 | 571 |
| Days Payable | 31 | 62 | 104 | 61 | 96 | 124 | 64 | 176 | 11 | 121 | 25 | 20 |
| Cash Conversion Cycle | 86 | 56 | 41 | 88 | 50 | 66 | 148 | 313 | 475 | 2,667 | 1,648 | 582 |
| Working Capital Days | 18 | 33 | 47 | 60 | 52 | 65 | 156 | 261 | 208 | 265 | 175 | 246 |
| ROCE % | 33% | 39% | 35% | 29% | 17% | 13% | 11% | 12% | 10% | 10% | 11% | 11% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 49.25% | 49.25% | 49.25% | 49.25% | 49.25% | 32.84% | 32.84% | 32.84% | 32.84% | 30.15% | 30.15% | 30.15% |
| FIIs | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.01% | 0.58% | 2.99% | 1.48% | 6.18% | 3.58% | 2.46% |
| Public | 50.74% | 50.75% | 50.72% | 50.75% | 50.75% | 67.17% | 66.59% | 64.18% | 65.69% | 63.68% | 66.27% | 67.39% |
| No. of Shareholders | 5,396 | 6,179 | 10,251 | 15,021 | 17,475 | 19,045 | 17,511 | 16,816 | 16,164 | 15,798 | 14,851 | 17,008 |
Fundamentals
Market Cap₹ 152 Cr.
Current Price₹ 12.0
Stock P/E22.2
Book Value₹ 7.74
ROCE10.7 %
ROE7.95 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)71%
Standalone figures.
Valuation
Market capRs 158 Cr
Enterprise valueRs 167 Cr
P/E (TTM)23.18x
Price to book1.65x
Price to sales1.31x
EV / EBITDA14.02x
EV / EBIT15.61x
EV / sales1.39x
Earnings yield4.31%
P/E, 3-year average43.48x
P/B, 3-year average2.55x
P/E, 5-year average28.61x
P/B, 5-year average1.68x
Profitability
Operating margin (excl. other income)9.35%
Operating margin (incl. other income)9.51%
EBITDA margin9.89%
Pre-tax margin7.63%
Net profit margin5.67%
Net margin, latest quarter9.12%
ROE7.95%
ROCE10.72%
ROA6.23%
ROE, 3-year average6.85%
ROCE, 3-year average10.64%
ROA, 3-year average5.01%
ROE, 5-year average6.65%
ROCE, 5-year average10.79%
ROA, 5-year average4.74%
ROIC (approx.)7.59%
Tax rate25.83%
Other income / net worth0.21%
Growth
Sales growth (latest year)25.40%
Profit growth (latest year)83.33%
Sales CAGR, 3 years43.50%
Sales CAGR, 5 years22.52%
Profit CAGR, 3 years46.13%
Profit CAGR, 5 years25.32%
Sales growth QoQ-81.78%
Profit growth QoQ-67.53%
Sales growth YoY (latest quarter)3.49%
Profit growth YoY (latest quarter)51.52%
Per share
EPS (TTM)Rs 0.55
EPS (latest year)Rs 0.52
EPS (latest quarter)Rs 0.08
EPS, 3-year averageRs 0.38
EPS, 5-year averageRs 1.38
Book value per shareRs 7.74
Sales per shareRs 9.72
Cash flow per shareRs -1.73
Free cash flow per shareRs -2.02
Efficiency
Asset turnover1.01x
Fixed asset turnover18.05x
Inventory turnover1.87x
Inventory days195 days
Debtor days31 days
Debtors turnover11.91x
Creditor days20 days
Cash conversion cycle582 days
Working capital days246 days
Leverage
Total debtRs 14 Cr
Cash and bankRs 5 Cr
Net debtRs 9 Cr
Debt to equity0.14x
Net debt / EBITDA0.73x
Interest coverage7.09x
Owners' fund to total sources80.67%
Debt to assets11.46%
Cash flow
Cash from Operating Activity (latest year)Rs -21 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 22 Cr
Net Cash Flow (latest year)Rs -3 Cr
Free cash flow (latest year)Rs -25 Cr
FCFE (approx.: FCF + change in debt)Rs -27 Cr
Cash from ops / profit, 5 years-2.38x
Statement figures
Net sales (TTM)Rs 120 Cr
Net sales (latest year)Rs 120 Cr
Sales (latest quarter)Rs 11 Cr
Operating profit excl. other income (latest year)Rs 11 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs -0 Cr
EBITDA (TTM)Rs 12 Cr
PBDT (TTM)Rs 10 Cr
Profit before tax (TTM)Rs 9 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 6 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 104 Cr
Total expenditure (latest year)Rs 109 Cr
Total income (latest year)Rs 120 Cr
Share capitalRs 25 Cr
ReservesRs 71 Cr
Shareholders' fundsRs 96 Cr
Total assetsRs 119 Cr
Net blockRs 7 Cr
InvestmentsRs 0 Cr
ReceivablesRs 10 Cr
InventoryRs 55 Cr
Other liabilitiesRs 9 Cr
Shares outstanding (crore)12.39
Ownership
Promoter holding30.15% (-2.69 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 23.2 is at the 1th percentile of its own 6.1-year range
(median 77.3, low 22.8, high 203.2).
P/B 1.65 is at the 1th percentile (median 4.71).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | ATALREAL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -12.5% | -2.8% | -9.7 pts |
| 1 month | -52.0% | -6.8% | -45.3 pts |
| 3 months | -54.5% | -7.6% | -46.8 pts |
| 6 months | -39.1% | +0.4% | -39.5 pts |
| 1 year | -39.6% | -9.9% | -29.7 pts |
| 2 years | +55.3% | -13.6% | +68.8 pts |
| 3 years | -20.0% | +14.2% | -34.1 pts |
| 5 years | -59.3% | +27.9% | -87.2 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -280% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 23% of total assets in 2026 |
| look | Share dilution Share count up 12% in a year, 12% in three |
| look | On NSE surveillance On NSE surveillance: ASM long-term |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹11 Cr +3.5% vs Jun 2025.
Net profit ₹1 Cr +51.5%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| DLF Ltd | 161,638 | 37.6 | 6.32 % |
| Lodha Developers Ltd | 110,592 | 26.8 | 16.4 % |
| Phoenix Mills Ltd | 68,996 | 53.2 | 12.4 % |
| Oberoi Realty Ltd | 64,099 | 24.2 | 17.3 % |
| Prestige Estates Projects Ltd | 61,056 | 53.6 | 10.4 % |
| Godrej Properties Ltd | 49,232 | 30.4 | 7.63 % |
| Anant Raj Ltd | 21,675 | 37.5 | 12.1 % |
| Brigade Enterprises Ltd | 18,370 | 27.0 | 10.5 % |
| Horizon Industrial Parks Ltd | 14,709 | 3.18 % | |
| Sobha Ltd | 13,008 | 56.4 | 6.86 % |
| Aditya Birla Real Estate Ltd | 12,963 | -4.48 % | |
| SignatureGlobal India Ltd | 10,614 | 2.38 % | |
| Sri Lotus Developers & Realty Ltd | 10,466 | 40.7 | 21.2 % |
| Max Estates Ltd | 9,312 | 1,586 | 1.40 % |
| Embassy Developments Ltd | 7,833 | -2.44 % |
| Date | Client | Side | Qty | Price |
|---|---|---|---|---|
| 2026-09-29 | Venkateshwara Industrial Promotion Co Limited | BUY | 810,000 | 12.02 |
| 2026-09-29 | Qe Securities Llp | SELL | 499,661 | 12.08 |
| 2026-09-29 | Qe Securities Llp | BUY | 652,047 | 12.36 |
| 2026-09-28 | Hrti Private Limited | SELL | 819,183 | 12.67 |
| 2026-09-28 | Hrti Private Limited | BUY | 707,100 | 12.66 |
| Ex-date | Action | Factor |
|---|---|---|
| 2024-08-22 | Rights 1:2 @ Premium Rs 5/- | |
| 2023-11-16 | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share | 0.2000 |
| 2023-09-21 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Long Term Additional Surveillance Measure (Long Term ASM): stage 1