Price
Financials
Standalone, Rs crore| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47.17 | 17.22 | 28.15 | 30.04 | 23.09 | 16.99 | 13.39 | 16.19 | 0.69 | 0.00 | 0.00 | 0.00 |
| Expenses | 32.70 | 31.06 | 24.72 | 27.72 | 22.53 | 15.34 | 10.54 | 12.99 | 0.94 | 0.22 | 0.26 | 0.19 |
| Operating Profit | 14.47 | -13.84 | 3.43 | 2.32 | 0.56 | 1.65 | 2.85 | 3.20 | -0.25 | -0.22 | -0.26 | -0.19 |
| OPM % | 30.68% | -80.37% | 12.18% | 7.72% | 2.43% | 9.71% | 21.28% | 19.77% | -36.23% | |||
| Other Income | 0.00 | 0.00 | 5.13 | 0.00 | 0.00 | -0.92 | 0.00 | 0.04 | 0.05 | 0.00 | 0.00 | 0.00 |
| Interest | 0.15 | 0.15 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.13 | 0.13 | 0.14 | 0.13 | 0.12 | 0.10 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 14.19 | -14.12 | 8.38 | 2.19 | 0.44 | 0.63 | 2.78 | 3.24 | -0.20 | -0.22 | -0.26 | -0.19 |
| Tax % | 25.23% | -24.43% | 25.30% | 26.48% | 27.27% | 119.05% | 25.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | 10.61 | -10.67 | 6.25 | 1.62 | 0.32 | -0.12 | 2.06 | 3.24 | -0.20 | -0.22 | -0.26 | -0.19 |
| EPS in Rs | 0.97 | -0.98 | 0.57 | 0.15 | 0.03 | -0.01 | 0.13 | 0.20 | -0.01 | -0.01 | -0.02 | -0.01 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 4 | 10 | 16 | 18 | 20 | 19 | 31 | 97 | 146 | 98 | 3 |
| Expenses | 0 | 4 | 9 | 14 | 15 | 19 | 17 | 27 | 87 | 128 | 89 | 4 |
| Operating Profit | -0 | 0 | 1 | 2 | 2 | 2 | 2 | 4 | 11 | 19 | 9 | -1 |
| OPM % | 7% | 8% | 10% | 14% | 8% | 9% | 14% | 11% | 13% | 10% | -46% | |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | -20 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 3 | 9 | 17 | 12 | -21 |
| Tax % | 25% | 33% | 150% | 30% | 31% | 252% | -187% | 24% | 25% | 26% | 31% | -1% |
| Net Profit | 0 | 0 | -0 | 1 | 1 | -0 | 1 | 2 | 7 | 13 | 8 | -21 |
| EPS in Rs | 0.17 | -0.07 | 1.82 | 0.58 | -0.19 | 0.37 | 0.91 | 1.01 | 1.18 | 0.50 | -1.30 | |
| Dividend Payout % | 0% | 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 | -3% | -31% | -69% | -97% | ||
| Compounded Profit Growth | % | % | % | -129% | ||
| Stock Price CAGR | % | -51% | -59% | -68% | ||
| Return on Equity | 5% | 5% | 4% | -1% |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.40 | 1 | 1 | 6 | 8 | 8 | 8 | 23 | 76 | 163 | 163 |
| Reserves | 0 | 0 | 0 | 1 | 13 | 14 | 15 | 17 | 46 | 6 | 52 | 57 |
| Borrowings | 3 | 8 | 14 | 20 | 14 | 12 | 13 | 21 | 15 | 13 | 0 | 0 |
| Other Liabilities | 1 | 3 | 6 | 8 | 10 | 12 | 29 | 8 | 7 | 12 | 22 | 43 |
| Total Liabilities | 4 | 11 | 21 | 29 | 42 | 47 | 65 | 54 | 91 | 108 | 237 | 263 |
| Fixed Assets | 1 | 4 | 5 | 5 | 8 | 8 | 11 | 10 | 12 | 13 | 14 | 15 |
| CWIP | 2 | 2 | 4 | 4 | 2 | 3 | 3 | 3 | 0 | 1 | 4 | 5 |
| Investments | 0 | 0 | 0 | 0 | 4 | 4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1 | 4 | 12 | 20 | 29 | 33 | 52 | 41 | 79 | 94 | 219 | 243 |
| Total Assets | 4 | 11 | 21 | 29 | 42 | 47 | 65 | 54 | 91 | 108 | 237 | 263 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -6 | -11 | -1 | 1 | 1 | 5 | 2 | -107 | -88,290 | |||
| Cash from Investing Activity | -1 | -5 | -1 | 0 | -0 | -38 | -2 | -5 | -294,445 | |||
| Cash from Financing Activity | 5 | 16 | 1 | -1 | -1 | 35 | -2 | 111 | 383,540 | |||
| Net Cash Flow | -1 | 0 | -0 | 0 | -0 | 3 | -2 | 0 | 806 | |||
| Free Cash Flow | -6 | -12 | -1 | 1 | 1 | 4 | 0 | -111 | -382,735 | |||
| CFO/OP | -343% | -431% | -36% | 77% | 31% | 44% | 10% | -1,140% | 6,588,781% |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 112 | 179 | 284 | 418 | 432 | 805 | 245 | 35 | 91 | 269 | ||
| Inventory Days | 247 | 204 | 186 | 189 | 164 | 186 | 98 | 62 | 16 | 5 | ||
| Days Payable | 316 | 197 | 201 | 247 | 204 | 604 | 28 | 0 | 0 | 26 | ||
| Cash Conversion Cycle | 43 | 186 | 269 | 360 | 393 | 387 | 315 | 98 | 107 | 248 | ||
| Working Capital Days | -505 | -139 | 280 | 226 | 241 | 240 | 47 | 23 | 50 | 198 | ||
| ROCE % | 4% | 2% | 4% | 8% | 8% | 4% | 3% | 9% | 15% | 20% | 6% |
| Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 43.75% | 36.66% | 36.66% | 36.66% | 48.77% | 34.15% | 34.15% | 9.41% | 9.41% | 9.41% | 9.41% | 9.41% |
| FIIs | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 56.26% | 63.34% | 63.29% | 63.34% | 51.23% | 65.85% | 65.85% | 90.56% | 90.59% | 90.59% | 90.59% | 90.59% |
| No. of Shareholders | 1,921 | 6,126 | 11,824 | 13,289 | 14,087 | 21,462 | 29,496 | 53,389 | 57,201 | 59,573 | 71,918 | 72,429 |
Fundamentals
Market Cap₹ 10.6 Cr.
Current Price₹ 0.65
Book Value₹ 11.9
ROCE-0.77 %
ROE-0.69 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-97%
Compounded Profit Growth (TTM)-129%
Standalone figures.
Valuation
Market capRs 11 Cr
Enterprise valueRs 11 Cr
Price to sales3.66x
EV / sales3.66x
Earnings yield-8.22%
P/E, 3-year average11.52x
P/B, 3-year average0.96x
P/E, 5-year average12.29x
P/B, 5-year average1.11x
Profitability
Operating margin (excl. other income)-46.37%
Operating margin (incl. other income)-726.30%
EBITDA margin-19.03%
Pre-tax margin-30.10%
Net profit margin-30.10%
ROE, 3-year average11.17%
ROCE, 3-year average14.24%
ROA, 3-year average8.81%
ROE, 5-year average11.29%
ROCE, 5-year average13.17%
ROA, 5-year average7.61%
Tax rate0.80%
Growth
Sales growth (latest year)-97.06%
Profit growth (latest year)-361.83%
Sales CAGR, 3 years-69.04%
Sales CAGR, 5 years-31.14%
Profit growth YoY (latest quarter)-105.86%
Per share
EPS (TTM)Rs -0.05
EPS (latest quarter)Rs -0.01
EPS, 3-year averageRs 1.09
EPS, 5-year averageRs 1.91
Sales per shareRs 0.18
Cash flow per shareRs -5,424.22
Free cash flow per shareRs -23,513.97
Efficiency
Creditor days26 days
Cash conversion cycle248 days
Working capital days198 days
Cash flow
Cash from Operating Activity (latest year)Rs -88,290 Cr
Cash from Investing Activity (latest year)Rs -294,445 Cr
Cash from Financing Activity (latest year)Rs 383,540 Cr
Net Cash Flow (latest year)Rs 806 Cr
Free cash flow (latest year)Rs -382,735 Cr
Cash from ops / profit, 5 years-9821.00x
Statement figures
Net sales (TTM)Rs 3 Cr
Net sales (latest year)Rs 3 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs -20 Cr
EBITDA (TTM)Rs -1 Cr
PBDT (TTM)Rs -1 Cr
Profit before tax (TTM)Rs -1 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -1 Cr
Net profit (latest year)Rs -21 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 3 Cr
Total expenditure (latest year)Rs 4 Cr
Total income (latest year)Rs -17 Cr
Shares outstanding (crore)16.28
Ownership
Promoter holding9.41% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | DIL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -19.8% | -2.8% | -17.0 pts |
| 1 month | -36.9% | -6.8% | -30.1 pts |
| 3 months | -62.4% | -7.6% | -54.8 pts |
| 6 months | -65.6% | +0.4% | -66.0 pts |
| 1 year | -68.6% | -9.9% | -58.7 pts |
| 2 years | -91.6% | -13.6% | -78.0 pts |
| 3 years | -93.5% | +14.2% | -107.7 pts |
| 5 years | -93.3% | +27.9% | -121.2 pts |
Red flags
| explain | Share dilution Share count up 0% in a year, 145% in three |
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
Dec 2025Sales ₹0 Cr -100.0% vs Sep 2024.
Net loss ₹0 Cr.
Activity
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| Apeejay Surrendra Park Hotels Ltd | 2,184 | 33.9 | 9.43 % |
| Brigade Hotel Ventures Ltd | 2,129 | 31.2 | 12.8 % |
| TajGVK Hotels & Resorts Ltd | 1,989 | 13.8 | 13.3 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-20 | Annual General Meeting | |
| 2023-09-22 | Annual General Meeting | |
| 2023-06-01 | Rights 3:7 @ Premium Rs 5/- | |
| 2022-10-27 | Bonus 1:1 | 0.5000 |
| Date | Type | What it says |
|---|---|---|
| 2026-09-30 | General Updates | General Updates |
| 2026-09-30 | Board meeting outcome | Outcome of Board Meeting held on September 30, 2026. |
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.
Not on any NSE surveillance list in the latest file.