543543
B-Right Real financials
- Market cap
- ₹950 Cr
- Sector
- Realty
What B-Right Real does
B-Right Realestate Limited redevelops ageing residential buildings and slum-rehabilitation (SRA/MHADA) plots across the Mumbai Metropolitan Region, and also acquires and turns around distressed/stalled projects. It earns through project-based development fees, equity stakes in redevelopment projects, property management, and profit-sharing arrangements. The company has expanded into civil construction through its subsidiary Bhagya Constructions India Pvt Ltd, which has secured contracts from third-party builders such as Ajmera Builders and Oyster Living.
Segments
- Society Redevelopment
- SRA / Regulatory Redevelopment
- Stressed/Distressed Redevelopment
- Civil Construction
- Completed projects delivered
- 12+
- Ongoing projects
- 11 (across Malad, Vile Parle, Andheri, Goregaon, Jogeshwari & Khar Road, Mumbai)
- Upcoming/pipeline projects
- 19 (across Mumbai suburbs)
- Cumulative area delivered
- 1M+ sq ft (completed projects)
- Area under development
- 10M+ sq ft (ongoing projects, FY26)
- Ongoing projects — total salable area
- 7,53,712 sq ft
Quarterly results
Q4 FY26: revenue up 413.6%, net profit up 1000.0% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 7 | 19 | 22 | 41 +310% | 63 +800% | 54 +184% | 113 +414% |
| EBITDA | 3 | 1 | 4 | 6 | 6 +100% | 7 +600% | 19 +375% | 47 +683% |
| Net profit | 2 | 1 | 3 | 3 | 0 −100% | 4 +300% | 12 +300% | 33 +1000% |
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 +154.2% 1Y
1Y: ₹361.9 on 10 Sept 2025 → ₹920. High ₹1,007.9 (30 Mar 2026), low ₹0 (24 Oct 2025).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr |
| Reserves | ₹89 Cr | ₹90 Cr | ₹127 Cr | ₹129 Cr | ₹134 Cr | ₹166 Cr |
| Borrowings | ₹26 Cr | ₹17 Cr | ₹39 Cr | ₹154 Cr | ₹155 Cr | ₹187 Cr |
| Other liabilities | ₹19 Cr | ₹50 Cr | ₹81 Cr | ₹151 Cr | ₹97 Cr | ₹127 Cr |
| Total liabilities | ₹134 Cr | ₹159 Cr | ₹257 Cr | ₹445 Cr | ₹397 Cr | ₹491 Cr |
| Fixed assets | ₹26 Cr | ₹23 Cr | ₹24 Cr | ₹43 Cr | ₹19 Cr | ₹18 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹6 Cr | ₹7 Cr | ₹30 Cr | ₹15 Cr | ₹38 Cr | ₹67 Cr |
| Other assets | ₹102 Cr | ₹129 Cr | ₹202 Cr | ₹387 Cr | ₹340 Cr | ₹405 Cr |
| Total assets | ₹134 Cr | ₹159 Cr | ₹257 Cr | ₹445 Cr | ₹397 Cr | ₹491 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 Mar 2025, the public trimmed −1.79 pp while promoters added +1.23 pp. The shareholder count grew 674% to 1,192.
- Promoters
- 73.2%
- FIIs
- 1.4%
- Public
- 25.5%
Since Mar 2025
- Public −1.79 pp
- Promoters +1.23 pp
- FIIs +0.56 pp
How it drifted, 9 quarters
Over this window the public fell from 28.1% to 25.5% — −2.6 pp.
Ownership split by quarter, oldest first. Sep '22: Promoters 71.9%, Public 28.1%.Mar '23: Promoters 71.9%, Public 28.1%.Sep '23: Promoters 71.9%, Public 28.1%.Mar '24: Promoters 71.9%, Public 28.1%.Sep '24: Promoters 71.9%, Public 28.1%.Mar '25: Promoters 71.9%, FIIs 0.8%, Public 27.3%.Sep '25: Promoters 72.2%, FIIs 1.4%, Public 26.4%.Mar '26: Promoters 73.2%, FIIs 1.4%, Public 25.4%.Jun '26: Promoters 73.2%, FIIs 1.4%, Public 25.5%.
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.
- Mitva Darshit Shah newly disclosed 1.01% held
- Hitendrakumar Babaldas Shah +0.05 pp 1.62% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of B-Right Real above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Malani Ventures Private Limited | 24.46% | unchanged |
| Blow Sales Llp | 24.35% | unchanged |
| Cheerful Dealtrade Llp | 24.35% | unchanged |
| Vincent Commercial | 4.71% | unchanged |
| Merlin Commosales Private Limited | 1.91% | unchanged |
| Smita Hitendra Shah | 1.82% | unchanged |
| Shri Mahalaxmi Agricultural | 1.70% | unchanged |
| Hitendrakumar Babaldas Shah | 1.62% | +0.05 pp |
| Jignesh Amrutlal Thobhani | 1.15% | unchanged |
| Varshaben Jigneshkumar Thobhani | 1.02% | unchanged |
| Mitva Darshit Shah | 1.01% | newly disclosed |
| Malani Corporate Services Private Limited | 0.00% | 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 B-Right Real
Guides on how to read this kind of business and the numbers that matter.