India Homes Ltd (INDIAHOMES)

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India Homes Ltd (INDIAHOMES) · mywealthgrid

About

India Homes Ltd: Consumer Discretionary residential and commercial real estate developer (market cap ₹1,037.85 Cr). Endured severe distress—losses, ROE -53.55% through 2024–2025—before marked recovery in Mar 2026 with ₹24.48 Cr revenue and ₹22.85 Cr profit.

Face value: ₹1

Market cap

₹1,059 Cr

P/E

—

P/B

21.8×

Dividend yield

ROE

-53.6%

ROCE

-27.1%

Debt / equity

1.46

OPM

-424%

EPS (TTM)

₹-0.9

Book value

₹1.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Negative equity (ROE -53.55%) and losses through 2024–2025 destroy shareholder value; profitability must stabilize to reverse trend
D/E 1.46 with minimal revenue most quarters (₹0.01–₹0.02 Cr) creates refinancing and covenant risk; verify liquidity and debt servicing
Mar 2026 revenue jump to ₹24.48 Cr atypical after years of near-zero revenue; confirm whether sustainable or one-off project recognition
Revenue data missing for Dec 2025 and Sep 2025 signals operational disruption or project execution gaps; clarify extent

Generated analysis · source review pending

Growth drivers

Mar 2026 delivered ₹24.48 Cr revenue, 94.75% OPM, ₹22.85 Cr profit; if run rate sustains, reverses ROE -53.55% destruction—verify project pipeline and quarterly repeat
Stock climbed 122% over 1 year from ₹9.65, reflecting investor conviction; track whether earnings from Mar 2026 can justify sustained valuation
Operating margin recovered to 94.75% (Mar 2026) from -59.95% (Mar 2021); clarify whether reflects structural unit-economics improvement or singular project type
Real estate sector recovery in India may accelerate project delivery and demand; verify company's project pipeline, site portfolio, and competitive position vs. sector trends

Generated analysis · source review pending

2,113 historical price candles were omitted because the exchange source has not been verified.

₹26.6+0.1%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of -37.7% (3-yr avg)
−Revenue shrank over the last 3 years (-67.7% a year)
−Weak interest coverage of -3.1×
−Trading at 21.8× book value
−Promoter holding fell 2 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

18/100

Business quality: 5
Growth: 0
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	532	140	144	24	5
COGS	-18	11	154	26	8
Gross profit	—	128	-11	-2	-3
	557	165	22	60	17
	-7	-37	-33	-61	-20
OPM %	-1.3%	-26.2%	-22.8%	-257.7%	-424%
Depreciation	11	11	8	8	7
Interest	13	10	9	8	8
	26	37	30	26	-0
Profit before tax	-5	-20	-20	-51	-36
Tax	—	—	0	0	0
PAT	-5	-20	-20	-51	-36
PAT margin %	-1%	-14.1%	-13.8%	-212.9%	-762.6%
EPS (₹)	—	—	-0.9	-1.7	-0.8
EPS adjusted (₹)	-0.1	-0.5	-0.5	-1.3	-0.9
Annual report	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity capital	40	40	40	40	40
Reserves	134	115	95	46	9
	93	110	125	128	71
	327	312	274	224	293
Total equity & liabilities	594	577	535	437	413
	249	239	231	224	216
CWIP	0	0	0	0	0
Investments	2	2	2	0	0
	342	335	301	213	196
Total assets	594	577	535	437	413

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-4	-42	-40	-4	-1
	-5	0	1	-0	0
	9	42	39	3	1
Net cash flow	—	—	0	-1	0
Free cash flow	-7	-43	-40	-4	-1
CFO / Operating profit %	—	—	—	—	—

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Margins
Gross margin %	—	92.1%	-7.3%	-7.3%	-69.6%
EBITDA margin %	-1.3%	-26.2%	-22.8%	-257.7%	-424%
EBIT margin %	-3.4%	-33.8%	-28.1%	-289.4%	-582.8%
PAT margin %	-1%	-14.1%	-13.8%	-212.9%	-762.6%
Working capital
Receivable days	26	35	26	8	17
Inventory days	102	2,161	84	2,432	6,216
Payable days	143	2,939	192	2,681	7,941
NWC days	-15	-744	-81	-241	-1,708
Leverage
Current ratio	0.78	0.45	0.26	0.55	0.49
Debt to EBITDA	—	—	—	—	—
Debt to equity	0.53	0.71	0.93	1.49	1.46
Interest coverage	0.6	-1	-0.9	-7.6	-3.1
Asset turnover	0.9	0.24	0.27	0.05	0.01
Return ratios
Return on assets %	-0.9%	-3.4%	-3.7%	-11.6%	-8.7%
Return on capital employed %	2.4%	-2.9%	-2.3%	-26.8%	-27.1%
Return on equity %	-3.1%	-12.7%	-14.6%	-59.2%	-74%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	50.11%	48.2%	48.05%	48.05%	48.05%	48.05%	36.83%	36.29%	36.29%	35.97%	35.4%	34.25%
FII	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0%	0%	0%	0%
	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	3.52%	4.87%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	48.56%	50.47%	50.62%	50.62%	50.62%	50.62%	61.84%	62.38%	62.45%	62.77%	61.08%	60.88%
No. of shareholders	—	—	—	—	—	—	—	—	63,797	60,958	58,257	56,712

Promoter holding down 15.86 percentage points since Sep 2023.

64 deals · 27 Dec 2023 – 22 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
22 Sept 2026	LLOYDS ENTERPRISES LIMITED	Bulk	BSE	Sell	30,00,000	₹26.75	₹8.03 Cr
22 Sept 2026	AEON TRADING LLP	Bulk	BSE	Buy	30,00,000	₹26.75	₹8.03 Cr
7 Jul 2026	HILL TOP IMPEX PVT LTD .	Bulk	BSE	Buy	36,18,620	₹22.51	₹8.15 Cr
16 Jun 2026	HILL TOP IMPEX PVT LTD .	Bulk	BSE	Buy	22,99,046	₹22.63	₹5.20 Cr
9 Jun 2026	SHARBHANG COMMERCIAL COMPANY PRIVATE LIMITED .	Bulk	BSE	Buy	21,59,583	₹22.43	₹4.84 Cr
22 May 2026	SHARBHANG COMMERCIAL COMPANY PRIVATE LIMITED .	Bulk	BSE	Sell	28,99,534	₹22.09	₹6.41 Cr
22 May 2026	ARYAN MINING & TRADING CORPN PRIVATE LIMITED	Bulk	BSE	Buy	21,25,000	₹22.17	₹4.71 Cr
22 May 2026	DOVER COMMERCIALS PRIVATE LIMITED	Bulk	BSE	Buy	20,00,000	₹22.11	₹4.42 Cr
2 Feb 2026	LLOYDS ENTERPRISES LIMITED	Bulk	BSE	Buy	75,00,000	₹13.30	₹9.98 Cr
2 Feb 2026	M K BANKA (HUF)	Bulk	BSE	Sell	74,74,641	₹13.30	₹9.94 Cr

1–10 of 64

1 / 7

Mr. Sudhir H. GuptaExecutive Director-Chairperson related to Promoter
Nilesh Ramchandra MatkarChief Financial Officer
Mr. Varun S. GuptaExecutive Director-MD
Mr. Siddharth S GuptaExecutive Director
Mrs. Priyanka V. GuptaNon-Executive - Non Independent Director
Mr. Shivanand S. BhaleraoNon-Executive - Independent Director
Mr. Santosh P. BhosaleNon-Executive - Independent Director
Mr. Ratna D. RanjanNon-Executive - Independent Director
Mr. Rajesh G. PoteNon-Executive - Independent Director
Mr. Dilip MaharanaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in India Homes Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results3 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

19 announcementsExport CSV

21 Sept 2026, 7:16 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

21 Sept 2026, 7:10 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

21 Sept 2026, 6:04 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

21 Sept 2026, 5:38 pmCompany Update

Approval Of The Corrigendum To The Annual Report 2025-26

General PDF

3 Sept 2026, 11:58 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

1 Sept 2026, 10:08 pmCorp. Action

Notice Of 39Th Annual General Meeting Of The Company To Be Held On 25 09 2026 & Intimation Of Record Date / Book Closure

Book Closure PDF

1 Sept 2026, 9:58 pmAGM/EGM

Notice Of The 39Th Annual General Meeting Of The Company To Be Held On 25 09 2026

AGM PDF

1 Sept 2026, 9:47 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
21 Sept 2026, 7:16 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
21 Sept 2026, 7:10 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Margins
Gross margin %	—	92.1%	-7.3%	-7.3%	-69.6%
EBITDA margin %	-1.3%	-26.2%	-22.8%	-257.7%	-424%
EBIT margin %	-3.4%	-33.8%	-28.1%	-289.4%	-582.8%
PAT margin %	-1%	-14.1%	-13.8%	-212.9%	-762.6%
Working capital
Receivable days	26	35	26	8	17
Inventory days	102	2,161	84	2,432	6,216
Payable days	143	2,939	192	2,681	7,941
NWC days	-15	-744	-81	-241	-1,708
Leverage
Current ratio	0.78	0.45	0.26	0.55	0.49
Debt to EBITDA	—	—	—	—	—
Debt to equity	0.53	0.71	0.93	1.49	1.46
Interest coverage	0.6	-1	-0.9	-7.6	-3.1
Asset turnover	0.9	0.24	0.27	0.05	0.01
Return ratios
Return on assets %	-0.9%	-3.4%	-3.7%	-11.6%	-8.7%
Return on capital employed %	2.4%	-2.9%	-2.3%	-26.8%	-27.1%
Return on equity %	-3.1%	-12.7%	-14.6%	-59.2%	-74%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

India Homes Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1