526961
Last Mile Enter. financials
- Market cap
- ₹180 Cr
- Sector
- Financial Services
What Last Mile Enter. does
Last Mile Enterprises Limited (formerly Trans Financial Resources Limited) runs three distinct operating businesses under one holding structure. SunBless makes patented Japanese-technology protective and heat-reflective coatings for buildings, cold storage and industrial sheds. Its consumer-electronics vertical, anchored by Damson Technologies and flagship brand Just Corseca, designs and assembles smartwatches, speakers, headphones, mobile accessories and smart eyewear at an in-house plant in Changodar, Ahmedabad. Fairlane Realty, its real estate arm, develops residential and mixed-use projects in Mumbai.
Segments
- SunBless Coatings
- Consumer Electronics (Just Corseca / Damson Technologies)
- Fairlane Realty
- Electronics manufacturing plant
- 1 (Changodar, Ahmedabad) — 6 assembly lines, expandable to 20
- Electronics production capacity (at full expansion)
- up to 1,000,000 units/month
- Operating business verticals
- 3 (coatings, consumer electronics, real estate)
- SunBless independent lab validation tests
- 70+ (NABL-certified labs & Japan Paint Inspection and Testing Association)
- Export/international markets
- US, UAE (Dubai Municipality approval), Singapore (APAC trials via Thakral Group), Africa (under exploration)
- Just Corseca customer reach
- 1 million+ customers worldwide
Quarterly results
Q1 FY27: revenue down 68.8%, net profit down 75.8% 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 | 32 | 72 | 276 | 1,240 | 786 +2378% | 375 +424% | 191 −31% | 387 −69% |
| EBITDA | 8 | 9 | -2 | 8 | 3 −57% | — | — | — |
| Net profit | 10 | 9 | 6 | 7 | 3 −68% | 3 −70% | 3 −43% | 2 −76% |
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 −58.7% 1Y
1Y: ₹12.38 on 10 Sept 2025 → ₹5.11. High ₹16.89 (17 Sept 2025), low ₹2.76 (30 Mar 2026).
Financials, as filed
Revenue grew 344.8% a year over 2 years, FY24 to FY26.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹131 Cr | ₹387 Cr | ₹2.6k Cr |
| Operating profit | ₹-2 Cr | ₹8 Cr | — |
| Operating margin | -1.8% | 2.0% | — |
| Interest | ₹2 Cr | ₹2 Cr | ₹3 Cr |
| Depreciation | ₹0 Cr | ₹1 Cr | ₹2 Cr |
| Net profit | ₹3 Cr | ₹18 Cr | ₹16 Cr |
| Net margin | 2.3% | 4.7% | 0.6% |
| Cash from operations | ₹-22 Cr | ₹-197 Cr | — |
| Free cash flow | ₹-30 Cr | ₹-211 Cr | — |
| ROE | 4.0% | 6.0% | 3.0% |
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 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹27 Cr | ₹35 Cr | ₹36 Cr |
| Reserves | ₹1 Cr | ₹340 Cr | ₹349 Cr | ₹356 Cr |
| Borrowings | ₹11 Cr | ₹39 Cr | ₹41 Cr | ₹26 Cr |
| Other liabilities | ₹21 Cr | ₹40 Cr | ₹204 Cr | ₹116 Cr |
| Total liabilities | ₹45 Cr | ₹446 Cr | ₹629 Cr | ₹533 Cr |
| Fixed assets | ₹2 Cr | ₹12 Cr | ₹33 Cr | ₹32 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹3 Cr | ₹115 Cr | ₹121 Cr | ₹121 Cr |
| Other assets | ₹40 Cr | ₹319 Cr | ₹475 Cr | ₹380 Cr |
| Total assets | ₹45 Cr | ₹446 Cr | ₹629 Cr | ₹533 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
Since Jun 2025, promoters trimmed −1.71 pp while the public added +1.27 pp. The shareholder count grew 11% to 5,627.
- Promoters
- 25.3%
- FIIs
- 13.9%
- Public
- 60.8%
Since Jun 2025
- Promoters −1.71 pp
- Public +1.27 pp
- FIIs +0.44 pp
How it drifted, 12 quarters
Over this window promoters fell from 60.8% to 25.3% — −35.5 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 60.8%, FIIs 0.3%, Public 38.9%.Dec '23: Promoters 60.8%, FIIs 1.0%, Public 38.2%.Mar '24: Promoters 47.3%, FIIs 8.4%, Public 44.3%.Jun '24: Promoters 34.4%, FIIs 17.0%, Public 48.5%.Sep '24: Promoters 31.9%, FIIs 14.5%, Public 53.6%.Dec '24: Promoters 27.0%, FIIs 12.3%, Public 60.7%.Mar '25: Promoters 27.0%, FIIs 13.4%, Public 59.6%.Jun '25: Promoters 27.0%, FIIs 13.5%, Public 59.5%.Sep '25: Promoters 25.3%, FIIs 14.7%, Public 60.0%.Dec '25: Promoters 25.2%, FIIs 14.6%, Public 60.3%.Mar '26: Promoters 25.3%, FIIs 14.4%, Public 60.3%.Jun '26: Promoters 25.3%, FIIs 13.9%, Public 60.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Rajesh Nanubhai Jhaveri newly disclosed 6.93% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Last Mile Enter. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Siddharth Hans | 9.37% | unchanged |
| NAV Capital Vcc - NAV Capital Emerging Star Fund FPI fund | 8.75% | unchanged |
| Last Mile Enterprises Limited | 8.19% | unchanged |
| Rishi Hiten Parikh | 8.17% | unchanged |
| All Trade Consultants Private Limited | 7.53% | unchanged |
| Shaswat Stock Brokers Private Limited | 7.03% | unchanged |
| Rajesh Nanubhai Jhaveri | 6.93% | newly disclosed |
| Minerva Ventures Fund FPI fund | 1.61% | unchanged |
| Nautilus Private Capital Ltd FPI fund | 1.46% | unchanged |
| Jyotiradityasinh Vaghela | 1.41% | unchanged |
| Priyanka Hemrajsinh Vaghela | 1.41% | unchanged |
| Poojakumari Hemrajsinh Vaghela | 1.34% | 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 Last Mile Enter.
Guides on how to read this kind of business and the numbers that matter.