Price
Financials
Consolidated, Rs crore| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.04 | 6.01 | 30.22 | 12.22 | 7.63 | 21.30 | 18.68 | 17.74 | 27.57 | 37.21 | 13.58 | 14.65 |
| Expenses | 6.04 | 4.71 | 26.94 | 11.48 | 5.29 | 15.45 | 11.93 | 12.10 | 23.53 | 31.75 | 13.91 | 10.85 |
| Operating Profit | 2.00 | 1.30 | 3.28 | 0.74 | 2.34 | 5.85 | 6.75 | 5.64 | 4.04 | 5.46 | -0.33 | 3.80 |
| OPM % | 24.88% | 21.63% | 10.85% | 6.06% | 30.67% | 27.46% | 36.13% | 31.79% | 14.65% | 14.67% | -2.43% | 25.94% |
| Other Income | 0.60 | 1.33 | 1.09 | 2.17 | 0.84 | 2.58 | 2.29 | 1.17 | 2.10 | 1.51 | 13.41 | 2.49 |
| Interest | 1.11 | 1.22 | 1.26 | 0.80 | 1.00 | 2.79 | 1.47 | 0.85 | 0.59 | 0.68 | 2.39 | 0.53 |
| Depreciation | 0.44 | 0.45 | 0.45 | 0.59 | 0.99 | 2.97 | 0.21 | 0.71 | 0.59 | 0.56 | 0.57 | 0.55 |
| Profit before tax | 1.05 | 0.96 | 2.66 | 1.52 | 1.19 | 2.67 | 7.36 | 5.25 | 4.96 | 5.73 | 10.12 | 5.21 |
| Tax % | 20.95% | 14.58% | 22.56% | 1.97% | 21.01% | 21.35% | 26.90% | 20.95% | 34.48% | 26.00% | 18.38% | 23.61% |
| Net Profit | 0.83 | 0.82 | 2.07 | 1.49 | 0.94 | 2.11 | 5.39 | 4.14 | 3.26 | 4.24 | 8.25 | 3.98 |
| EPS in Rs | 0.48 | 0.47 | 1.19 | 0.85 | 0.54 | 1.21 | 3.09 | 2.37 | 1.87 | 2.43 | 4.73 | 2.28 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7 | 3 | 6 | 10 | 35 | 36 | 60 | 23 | 56 | 40 | 96 | 93 |
| Expenses | 4 | 1 | 3 | 8 | 28 | 27 | 53 | 18 | 49 | 27 | 81 | 80 |
| Operating Profit | 3 | 2 | 3 | 2 | 7 | 9 | 8 | 5 | 7 | 13 | 15 | 13 |
| OPM % | 45% | 58% | 55% | 18% | 21% | 25% | 13% | 20% | 13% | 32% | 15% | 14% |
| Other Income | 1 | 1 | 3 | 4 | 1 | 1 | 0 | 1 | 5 | 5 | 18 | 20 |
| Interest | 1 | 1 | 2 | 2 | 3 | 4 | 1 | 1 | 4 | 4 | 5 | 4 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 2 | 2 |
| Profit before tax | 3 | 2 | 4 | 2 | 4 | 5 | 5 | 3 | 6 | 10 | 26 | 26 |
| Tax % | 19% | 24% | 22% | 21% | 27% | 24% | 25% | 26% | 16% | 25% | 24% | |
| Net Profit | 3 | 1 | 3 | 2 | 3 | 4 | 4 | 2 | 5 | 8 | 20 | 20 |
| EPS in Rs | 12.36 | 0.71 | 1.85 | 1.12 | 1.58 | 2.16 | 2.09 | 1.15 | 2.99 | 4.30 | 11.40 | 11.31 |
| 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 | 31% | 22% | 62% | 142% | ||
| Compounded Profit Growth | 22% | 40% | 118% | 166% | ||
| Stock Price CAGR | % | % | 47% | -3% | ||
| Return on Equity | 5% | 6% | 8% | 14% |
| 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 | 2 | 2 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 38 | 38 | 35 | 38 | 40 | 42 | 93 | 102 | 104 | 109 | 117 | 137 |
| Borrowings | 10 | 17 | 59 | 64 | 70 | 74 | 62 | 54 | 81 | 86 | 101 | 100 |
| Other Liabilities | 54 | 71 | 74 | 82 | 96 | 74 | 73 | 47 | 84 | 114 | 175 | 230 |
| Total Liabilities | 104 | 129 | 185 | 201 | 223 | 208 | 246 | 220 | 287 | 327 | 411 | 484 |
| Fixed Assets | 1 | 1 | 12 | 23 | 25 | 32 | 77 | 75 | 74 | 93 | 92 | 86 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 11 | 11 | 0 | 0 | 0 | 1 | 3 | 9 | 9 | 9 | 9 | 13 |
| Other Assets | 92 | 116 | 173 | 178 | 198 | 175 | 166 | 137 | 203 | 225 | 310 | 385 |
| Total Assets | 104 | 129 | 185 | 201 | 223 | 208 | 246 | 220 | 287 | 327 | 411 | 484 |
| 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 | -15 | -29 | 9 | 4 | 5 | 20 | 10 | -22 | 11 | -16 | -9 |
| Cash from Investing Activity | -0 | 9 | -22 | -11 | -4 | -5 | -4 | 0 | -5 | -10 | 5 | 15 |
| Cash from Financing Activity | -1 | 7 | 51 | 2 | -1 | 0 | -15 | -11 | 27 | 0 | 11 | -5 |
| Net Cash Flow | 1 | 1 | -1 | 0 | 0 | -0 | 1 | -1 | -0 | 2 | -0 | 1 |
| Free Cash Flow | 1 | -16 | -29 | -5 | 4 | -6 | 19 | 10 | -23 | -0 | -18 | -13 |
| CFO/OP | 109% | -510% | -1,686% | 286% | 283% | 79% | 228% | 144% | -438% | 167% | -110% | -21% |
| 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 | 76 | 217 | 963 | 242 | 248 | 39 | 59 | 14 | 59 | 93 | 65 | 17 |
| Inventory Days | 1,917 | 764 | ||||||||||
| Days Payable | 24 | 10 | ||||||||||
| Cash Conversion Cycle | 76 | 217 | 963 | 242 | 248 | 39 | 1,952 | 768 | 59 | 93 | 65 | 17 |
| Working Capital Days | 1,953 | 2,873 | 5,096 | 2,451 | 2,086 | 553 | 502 | 240 | 584 | 133 | 299 | 178 |
| ROCE % | 7% | 3% | 5% | 4% | 5% | 6% | 4% | 2% | 5% | 6% | 12% |
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.88% | 73.88% | 73.88% | 73.88% | 73.88% | 73.88% | 73.88% | 73.88% | 73.88% | 73.88% | 73.88% | 73.88% |
| Public | 26.12% | 26.12% | 26.12% | 26.12% | 26.12% | 26.12% | 26.12% | 26.12% | 26.12% | 26.12% | 26.12% | 26.12% |
| No. of Shareholders | 845 | 955 | 1,179 | 1,387 | 1,438 | 1,177 | 1,146 | 1,287 | 1,169 | 1,143 | 1,169 | 1,120 |
Fundamentals
Market Cap₹ 479 Cr.
Current Price₹ 275
Stock P/E24.3
Book Value₹ 88.4
ROCE12.5 %
ROE13.8 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)142%
Compounded Profit Growth (TTM)166%
Consolidated figures.
Valuation
Market capRs 454 Cr
Enterprise valueRs 551 Cr
P/E (TTM)22.99x
Price to book2.94x
Price to sales4.88x
EV / EBITDA16.96x
EV / EBIT18.24x
EV / sales5.92x
Earnings yield4.35%
P/E, 3-year average31.99x
P/B, 3-year average1.59x
P/E, 5-year average49.19x
P/B, 5-year average1.56x
Profitability
Operating margin (excl. other income)15.42%
Operating margin (incl. other income)34.34%
EBITDA margin34.92%
Pre-tax margin27.98%
Net profit margin21.21%
Net margin, latest quarter27.17%
ROE13.79%
ROCE12.48%
ROA4.45%
ROE, 3-year average7.91%
ROCE, 3-year average7.99%
ROA, 3-year average2.73%
ROE, 5-year average5.71%
ROCE, 5-year average5.88%
ROA, 5-year average2.11%
ROIC (approx.)9.17%
Tax rate23.65%
Other income / net worth11.79%
Growth
Sales growth (latest year)142.13%
Profit growth (latest year)165.20%
Sales CAGR, 3 years62.22%
Sales CAGR, 5 years21.63%
Profit CAGR, 3 years114.69%
Profit CAGR, 5 years39.54%
Sales growth QoQ7.88%
Profit growth QoQ-51.76%
Sales growth YoY (latest quarter)-17.42%
Profit growth YoY (latest quarter)-3.86%
Per share
EPS (TTM)Rs 11.31
EPS (latest quarter)Rs 2.28
EPS, 3-year averageRs 3.64
EPS, 5-year averageRs 2.63
Book value per shareRs 88.38
Sales per shareRs 53.31
Cash flow per shareRs -5.10
Free cash flow per shareRs -7.45
Efficiency
Asset turnover0.20x
Fixed asset turnover1.11x
Inventory turnover-0.09x
Debtor days17 days
Debtors turnover21.03x
Creditor days10 days
Cash conversion cycle17 days
Working capital days178 days
Leverage
Total debtRs 100 Cr
Cash and bankRs 3 Cr
Net debtRs 97 Cr
Debt to equity0.65x
Net debt / EBITDA3.00x
Interest coverage7.21x
Owners' fund to total sources31.84%
Debt to assets20.71%
Cash flow
Cash from Operating Activity (latest year)Rs -9 Cr
Cash from Investing Activity (latest year)Rs 15 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -13 Cr
FCFE (approx.: FCF + change in debt)Rs -14 Cr
Cash from ops / profit, 5 years-0.67x
Statement figures
Net sales (TTM)Rs 93 Cr
Net sales (latest year)Rs 96 Cr
Sales (latest quarter)Rs 15 Cr
Operating profit excl. other income (latest year)Rs 15 Cr
Operating profit (latest quarter)Rs 4 Cr
Other income (TTM)Rs 20 Cr
EBITDA (TTM)Rs 32 Cr
PBDT (TTM)Rs 28 Cr
Profit before tax (TTM)Rs 26 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 20 Cr
Net profit (latest year)Rs 20 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs -17 Cr
Total expenditure (latest year)Rs 81 Cr
Total income (latest year)Rs 114 Cr
Share capitalRs 17 Cr
ReservesRs 137 Cr
Shareholders' fundsRs 154 Cr
Total assetsRs 484 Cr
Net blockRs 86 Cr
InvestmentsRs 13 Cr
ReceivablesRs 5 Cr
InventoryRs 183 Cr
Other liabilitiesRs 230 Cr
Shares outstanding (crore)1.74
Ownership
Promoter holding73.88% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 23.0 is at the 20th percentile of its own 7.9-year range
(median 35.1, low 11.2, high 103.8).
P/B 2.94 is at the 82th percentile (median 1.35).
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 | PANSARI | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -9.4% | -2.8% | -6.6 pts |
| 1 month | -14.4% | -6.8% | -7.6 pts |
| 3 months | -17.1% | -7.6% | -9.4 pts |
| 6 months | -0.1% | +0.4% | -0.5 pts |
| 1 year | -1.1% | -9.9% | +8.8 pts |
| 2 years | +97.7% | -13.6% | +111.3 pts |
| 3 years | +203.6% | +14.2% | +189.4 pts |
| 5 years | +372.7% | +27.9% | +344.8 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -43% of net profit over the last 3 years |
| look | Profit leans on other income Other income was 70% of pre-tax profit in 2026 |
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 ₹15 Cr -17.4% vs Jun 2025.
Net profit ₹4 Cr -3.9%.
Against our estimate for Jun 2026: sales -33.2%, profit +3.2% in line. Our estimate for Sep 2026: sales Rs 21 Cr, profit Rs 4 Cr (how).
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 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-20 | Annual General Meeting | |
| 2023-09-20 | Annual General Meeting | |
| 2022-09-19 | Annual General Meeting |
| Date | Type | What it says |
|---|---|---|
| 2026-10-01 | Shareholder meeting | Voting results. |
| 2026-09-30 | Shareholder meeting | Proceedings of Annual General 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.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Pansari Developers Ltd?
Pansari Developers Ltd (PANSARI) has a market capitalisation of Rs 479 Cr. at the 2026-10-01 close.
What is the P/E ratio of Pansari Developers Ltd?
Pansari Developers Ltd trades at a P/E of 24.3 on trailing twelve-month profit, at the 2026-10-01 close.
What were Pansari Developers Ltd's latest quarterly results?
In the Jun 2026 quarter, Pansari Developers Ltd sales was Rs 15 Cr (-17.4% vs Jun 2025) and net profit was Rs 4 Cr.
What is the 52-week high and low of Pansari Developers Ltd?
The 52-week high is Rs 388.90 and the 52-week low is Rs 233.30.