India Homes share price & results
- Jun 2026
- Sept 2026
Mumbai-focused real-estate redeveloper (formerly India Steel Works, a stainless-steel manufacturer) transforming legacy urban properties into residential and mixed-use developments across Wadala, Matunga, Chembur and Khopoli.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 0.00 | −100.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 3.4 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | +11.2 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | −3.3 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | +4.2 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance +90.1% 1Y
1Y: ₹13.15 on 24 Oct 2025 → ₹25. High ₹29.83 (5 Oct 2026), low ₹9.65 (2 Dec 2025).
- Previous close
- ₹25.4
- Market cap
- ₹856 Cr
- 52-week range
- ₹9.65 – ₹29.83
- One year
- +86.43%
Overview
- Symbol
- NSE:INDIAHOMES
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What India Homes Limited does
Based on the company's own presentations, annual report and earnings calls.
India Homes Limited (formerly India Steel Works Limited) completed a strategic pivot during FY26 from stainless-steel manufacturing to Mumbai real-estate redevelopment. The company redevelops legacy and under-utilized properties into premium residential and mixed-use projects in land-scarce, high-demand Mumbai micro-markets, managing approvals, tenant rehabilitation, construction and sales in-house. Its former steel-plant land at Khopoli is being redeveloped through a joint venture with the Lloyds Group, alongside a pipeline of projects in Wadala, Matunga and Chembur.
Segments
- Real estate redevelopment
- Stainless steel manufacturing (legacy)
- Pipeline redevelopment projects
- 4 (Wadala, Matunga, Chembur, Khopoli)
- Khopoli JV project (Waterfall Enclave) construction area
- ~60 lakh sq ft, multi-phase, JV with Lloyds Group
- Mumbai micro-markets
- 4 (Matunga, Wadala, Chembur, Dadar)
- Promoter group real-estate track record
- 20+ years
- Completed promoter-group projects
- 3 (The Link – Andheri; Emgee Greens – Wadala; Aden Court – Matunga)
- Duke Court (Chembur) construction area
- ~5,00,000 sq ft
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 5 fiscal years held (Mar 2019 to Mar 2023).
Financials
What the filings say
Net profit, year on year: +332% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 24 | 0 |
| Expenses | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Operating profit | -2 | -1 | -1 | -1 | -1 | -1 | 23 | -2 |
| Operating margin | — | — | −11000.0% | −4900.0% | — | — | 94.8% | — |
| Other income | 3 | 0 | 0 | 0 | 0 | 1 | 1 | 7 |
| Interest | 1 | 1 | 1 | 1 | 2 | 0 | 2 | 2 |
| Depreciation | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -2 | -3 | -3 | -1 | -3 | 0 | 23 | 3 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net profit | -2 | -3 | -3 | -1 | -3 | 0 | 23 | 3 |
| EPS (₹ per share) | -0.06 | -0.09 | -0.08 | -0.04 | -0.08 | 0.01 | 0.57 | 0.09 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 24 | 5 | 1 | 0 | 25 |
| Expenses | 85 | 25 | 7 | 6 | 4 |
| Operating profit | -61 | -20 | -6 | -6 | 20 |
| Other income | 26 | -0 | 12 | 3 | 3 |
| Interest | 8 | 8 | 10 | 4 | 5 |
| Depreciation | 8 | 7 | 8 | 7 | 0 |
| Profit before tax | -51 | -36 | -12 | -13 | 19 |
| Net profit | -51 | -36 | -12 | -13 | 19 |
| Line item | Mar 2023 | Sept 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 9 | -3 | 0 | -13 | -18 | 5 |
| Borrowings | 67 | 75 | 93 | 102 | 84 | 91 |
| Other liabilities | 291 | 296 | 270 | 263 | 288 | 261 |
| Total liabilities | 407 | 408 | 402 | 392 | 394 | 397 |
| Fixed assets | 216 | 213 | 209 | 202 | 202 | 202 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 190 | 195 | 193 | 190 | 192 | 195 |
| Total assets | 407 | 408 | 402 | 392 | 394 | 397 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -40 | -4 | -1 | -22 | -6 | 13 |
| Cash from investing | 1 | 0 | 0 | 0 | 0 | 0 |
| Cash from financing | 39 | 3 | 1 | 22 | 6 | -12 |
| Net cash flow | 0 | -1 | 0 | 0 | 0 | 0 |
| Free cash flow | -40 | -4 | -1 | -22 | -6 | 13 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 26 | 4 | 18 | 0 | 0 | 0 |
| Inventory days | 563 | 2432 | 6408 | 68615 | 4939910 | — |
| Days payable | 192 | 2681 | 7899 | 83103 | 5915555 | — |
| Cash conversion cycle | 397 | -245 | -1473 | -14488 | -975645 | 0 |
| Working capital days | 111 | -2226 | -13829 | -76272 | -1414375 | -2012 |
| Return on capital employed | −3.0% | −29.0% | −19.0% | −6.0% | −9.0% | 18.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Public hold 61.40% as of Sept 2026; institutions added 0.15 pts since Jun 2026.
- Promoters 33.57%
- Foreign institutions 0.15%
- Domestic institutions 4.88%
- Public 61.40%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 10.97% held
- newly disclosed 1.22% held
- +1.07 pp 2.32% held
The same filing shows 4 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of India Homes Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 10.97% | newly disclosed | |
| 9.45% | −0.37 pp | |
| 6.78% | unchanged | |
| 4.84% | −0.75 pp | |
| 4.37% | unchanged | |
| 4.30% | unchanged | |
| 4.27% | −0.21 pp | |
| NBFC / DFI | 3.62% | unchanged |
| 2.51% | unchanged | |
| 2.51% | unchanged | |
| 2.32% | +1.07 pp | |
| 1.90% | 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.
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