504882
National Standar share price & financials
- Price
- ₹1,223
- Market cap
- ₹220 Cr
- Sector
- Realty
What National Standar does
National Standard (India) Limited is a subsidiary of Lodha Developers Limited (formerly Macrotech Developers Limited), with Sambhavnath Infrabuild and Farms Private Limited as the ultimate holding company. The company has no ongoing or newly envisaged project; its entire revenue is derived from the sale of leftover inventory of a past real estate project that was completed in 2018. The company has no employees of its own — its Key Managerial Personnel are on deputation from the holding company. It remains listed on the BSE (Scrip Code 504882) and was voluntarily delisted from the Calcutta Stock Exchange effective February 1, 2025.
- Ongoing/planned projects
- None — no active or newly envisaged real estate project
- Revenue source
- Sale of leftover inventory from a real estate project completed in 2018
- Employees
- 0 (no employees; Key Managerial Personnel deputed from holding company)
- Parent company
- Lodha Developers Limited (formerly Macrotech Developers Limited)
- Ultimate holding company
- Sambhavnath Infrabuild and Farms Private Limited
- Stock exchange listing
- Listed on BSE; voluntarily delisted from Calcutta Stock Exchange effective Feb 1, 2025
Quarterly results
Q1 FY27: net profit up 156.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 16 | 3 | 0 | 17 +354% | 3 −80% | 0 −100% | -1 |
| EBITDA | 2 | -1 | -0 | -3 | -0 −118% | -0 +94% | -3 −2618% | -1 +62% |
| Net profit | 5 | 2 | 4 | 1 | 4 −11% | 3 +51% | 1 −68% | 3 +157% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −93.7% 1Y
1Y: ₹1,777.45 on 10 Sept 2025 → ₹111.7. High ₹2,165.2 (9 Jan 2026), low ₹103.95 (28 Aug 2026).
Financials, as filed
Revenue grew 5.6% a year over 3 years, FY23 to FY26. Operating margin narrowed to -30.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹17 Cr | ₹21 Cr | ₹22 Cr | ₹20 Cr |
| Operating profit | ₹2 Cr | ₹3 Cr | ₹0 Cr | ₹-6 Cr |
| Operating margin | 8.9% | 16.1% | 0.6% | -30.7% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹8 Cr | ₹15 Cr | ₹13 Cr | ₹10 Cr |
| Net margin | 47.7% | 68.9% | 59.1% | 47.3% |
| Cash from operations | ₹13 Cr | ₹-1 Cr | ₹-8 Cr | ₹-6 Cr |
| Free cash flow | ₹13 Cr | ₹-1 Cr | ₹-8 Cr | ₹-6 Cr |
| ROCE | 5.0% | 8.0% | 7.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr |
| Reserves | ₹192 Cr | ₹216 Cr | ₹224 Cr | ₹239 Cr | ₹258 Cr | ₹262 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹16 Cr | ₹10 Cr | ₹9 Cr | ₹8 Cr | ₹6 Cr | ₹3 Cr |
| Total liabilities | ₹227 Cr | ₹246 Cr | ₹253 Cr | ₹268 Cr | ₹284 Cr | ₹285 Cr |
| Fixed assets | ₹3 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹224 Cr | ₹246 Cr | ₹253 Cr | ₹268 Cr | ₹284 Cr | ₹285 Cr |
| Total assets | ₹227 Cr | ₹246 Cr | ₹253 Cr | ₹268 Cr | ₹284 Cr | ₹285 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 6% to 2,852.
- Promoters
- 73.9%
- Public
- 26.1%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 73.9%, Public 26.1%.Dec '23: Promoters 73.9%, Public 26.1%.Mar '24: Promoters 73.9%, Public 26.1%.Jun '24: Promoters 73.9%, Public 26.1%.Sep '24: Promoters 73.9%, Public 26.1%.Dec '24: Promoters 73.9%, Public 26.1%.Mar '25: Promoters 73.9%, Public 26.1%.Jun '25: Promoters 73.9%, Public 26.1%.Sep '25: Promoters 73.9%, Public 26.1%.Dec '25: Promoters 73.9%, Public 26.1%.Mar '26: Promoters 73.9%, Public 26.1%.Jun '26: Promoters 73.9%, Public 26.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of National Standar above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Lodha Developers Private Limited | 73.94% | unchanged |
| Gurpreet Kaur Shinh | 6.80% | unchanged |
| Niharika Realtors Private Limited | 4.87% | unchanged |
| Narinder Pal Singh Shinh | 4.68% | unchanged |
| A L Ananthanarayanan | 4.40% | unchanged |
| Ramnika Singh | 2.54% | unchanged |
| Prabha Ananthanarayanan | 1.14% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse National Standar
Guides on how to read this kind of business and the numbers that matter.