INDIFRA
Indifra financials
- Market cap
- ₹9 Cr
- Sector
- Oil, Gas & Consumable Fuels
What Indifra Limited does
Indifra Limited is a small infrastructure execution company operating across three verticals: aluminium-and-glass facade contracting for stadiums, hospitals and large commercial buildings; gas-pipeline and infrastructure-management contracting regulated under PNGRB guidelines for city gas distribution networks; and distribution of electrical peripherals and industrial-grade cables. It earns project-based contracting revenue across these lines, including a current facade contract for the Varanasi International Cricket Stadium. The company runs from a single head office in Anand, Gujarat with 16 permanent employees (FY25) and uses a network of trusted subcontractors to execute multi-disciplinary projects.
Segments
- Aluminium & Glass Facade Works
- Gas Pipeline & Infrastructure Contracting
- Electrical Peripherals & Cables Distribution
- Permanent employees
- 16 (as of Mar 31, 2025)
- Business verticals
- 3 — facade works, gas-pipeline contracting, electrical distribution
- Flagship ongoing project
- Varanasi International Cricket Stadium (facade works)
- Head office locations
- 1 (Anand, Gujarat)
Quarterly results
Q4 FY26: revenue up 57.4%, net profit up 1600.0% against the same quarter last year.
| Line item | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 4 | 0 | 9 | 10 | 2 −46% | 3 +478% | 15 +57% |
| EBITDA | 0 | -1 | -0 | 0 | -0 −231% | -0 +77% | -0 +82% |
| Net profit | -0 | -1 | -0 | 0 | -0 −117% | -0 +89% | 0 +1600% |
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 −32.2% 1Y
1Y: ₹18.95 on 10 Sept 2025 → ₹12.85. High ₹20.8 (15 Sept 2025), low ₹11.4 (4 Aug 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr |
| Reserves | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr |
| Borrowings | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹2 Cr | ₹3 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr |
| Total liabilities | ₹2 Cr | ₹4 Cr | ₹3 Cr | ₹18 Cr | ₹18 Cr | ₹21 Cr |
| Fixed assets | ₹0 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 | ₹9 Cr | ₹9 Cr | ₹2 Cr |
| Other assets | ₹2 Cr | ₹4 Cr | ₹3 Cr | ₹9 Cr | ₹9 Cr | ₹19 Cr |
| Total assets | ₹2 Cr | ₹4 Cr | ₹3 Cr | ₹18 Cr | ₹18 Cr | ₹21 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 Mar 2026
The ownership split has held steady since Mar 2025. The shareholder count shrank 5% to 622.
- Promoters
- 67.6%
- Public
- 32.4%
Since Mar 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 6 quarters
Ownership split by quarter, oldest first. Dec '23: Promoters 67.6%, Public 32.4%.Mar '24: Promoters 67.6%, Public 32.4%.Sep '24: Promoters 67.6%, Public 32.4%.Mar '25: Promoters 67.6%, Public 32.4%.Sep '25: Promoters 67.6%, Public 32.4%.Mar '26: Promoters 67.6%, Public 32.4%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- SANDEEPKUMAR VISHWANATH AGRAWAL (HUF) (KARTA: Abhishek Sandeepkumar Agrawal) newly disclosed 11.96% held
- Ankit Agrawal . +0.47 pp 2.47% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Indifra Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Abhishek Sandeepkumar Agrawal | 54.87% | unchanged |
| SANDEEPKUMAR VISHWANATH AGRAWAL (HUF) (KARTA: Abhishek Sandeepkumar Agrawal) | 11.96% | newly disclosed |
| Ankit Agrawal . | 2.47% | +0.47 pp |
| Beeline Broking Limited | 1.10% | unchanged |
| Abhilasha Sandeepkumar Agrawal | 0.25% | unchanged |
| Poonam Sandeepkumar Agrawal | 0.23% | unchanged |
| Sandeepkumar V Agrawal | 0.23% | unchanged |
| Harlalka Saritakumari | 0.00% | unchanged |
| Harlalka Natwarlal | 0.00% | unchanged |
| Muskan Harlalka | 0.00% | unchanged |
| Sandeepkumar Vishwanath Agrawal (Huf) | — | off the list |
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 Indifra Limited
Guides on how to read this kind of business and the numbers that matter.