PANSARI
Pansari Developers financials
- Market cap
- ₹491 Cr
- Sector
- Realty
What Pansari Developers Limited does
Pansari Developers Limited is a Kolkata-headquartered real estate company. It undertakes construction and development projects through joint-venture LLP entities and an associate company rather than executing them directly on its own balance sheet. Separately, it holds a portfolio of investment properties that it leases out to earn rental income. Management describes further properties as being acquired for future rental income.
Segments
- Real estate development (via joint-venture LLPs)
- Investment property leasing
- Joint-venture LLPs
- 5 (Purti Delux Developers, Papillon Developers, Vara Housing Developers, Purti NPR Developers, NPR Purti Conbuild)
- Associate company
- 1 (Jabba Infrabuilder Private Limited)
Quarterly results
Q1 FY27: revenue down 17.4%, net profit down 3.9% 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 | 6 | 21 | 19 | 18 | 28 +354% | 37 +75% | 14 −27% | 15 −17% |
| EBITDA | 2 | 6 | 7 | 6 | 4 +95% | 5 −7% | -0 −105% | 4 −33% |
| Net profit | 1 | 2 | 5 | 4 | 3 +258% | 4 +101% | 8 +53% | 4 −4% |
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 +9.3% 1Y
1Y: ₹257.5 on 10 Sept 2025 → ₹281.5. High ₹365.3 (21 Jul 2026), low ₹248.5 (24 Oct 2025).
Financials, as filed
Revenue grew 60.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to 15.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹23 Cr | ₹56 Cr | ₹54 Cr | ₹96 Cr |
| Operating profit | ₹5 Cr | ₹7 Cr | ₹17 Cr | ₹15 Cr |
| Operating margin | 19.7% | 13.0% | 31.7% | 15.4% |
| Interest | ₹1 Cr | ₹4 Cr | ₹6 Cr | ₹5 Cr |
| Depreciation | ₹2 Cr | ₹2 Cr | ₹5 Cr | ₹2 Cr |
| Net profit | ₹2 Cr | ₹5 Cr | ₹9 Cr | ₹20 Cr |
| Net margin | 8.7% | 9.2% | 17.4% | 20.7% |
| Cash from operations | ₹-22 Cr | ₹11 Cr | ₹-16 Cr | ₹-9 Cr |
| Free cash flow | ₹-23 Cr | ₹0 Cr | ₹-18 Cr | ₹-13 Cr |
| ROCE | 2.0% | 5.0% | 6.0% | 12.0% |
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 | ₹17 Cr | ₹17 Cr | ₹17 Cr | ₹17 Cr | ₹17 Cr | ₹17 Cr |
| Reserves | ₹93 Cr | ₹102 Cr | ₹104 Cr | ₹109 Cr | ₹117 Cr | ₹137 Cr |
| Borrowings | ₹62 Cr | ₹54 Cr | ₹81 Cr | ₹86 Cr | ₹101 Cr | ₹100 Cr |
| Other liabilities | ₹73 Cr | ₹47 Cr | ₹84 Cr | ₹114 Cr | ₹175 Cr | ₹230 Cr |
| Total liabilities | ₹246 Cr | ₹220 Cr | ₹287 Cr | ₹327 Cr | ₹411 Cr | ₹484 Cr |
| Fixed assets | ₹77 Cr | ₹75 Cr | ₹74 Cr | ₹93 Cr | ₹92 Cr | ₹86 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹3 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹13 Cr |
| Other assets | ₹166 Cr | ₹137 Cr | ₹203 Cr | ₹225 Cr | ₹310 Cr | ₹385 Cr |
| Total assets | ₹246 Cr | ₹220 Cr | ₹287 Cr | ₹327 Cr | ₹411 Cr | ₹484 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 shrank 4% to 1,120.
- Promoters
- 73.9%
- Public
- 26.1%
Since Jun 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Jun '23: Promoters 73.9%, Public 26.1%.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%.Jun '26: Promoters 73.9%, Public 26.1%.
Who bought this quarter
since Dec 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Kishore Kumar Agarwal - 2 +3.45 pp 6.88% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Pansari Developers Limited above SEBI's 1% disclosure line, and what changed since Dec 2025.
| Holder | Stake | Change |
|---|---|---|
| Mahesh Agarwal | 11.10% | unchanged |
| Rupak Trading Pvt. Ltd. | 10.94% | unchanged |
| Dinesh Agarwal | 7.62% | unchanged |
| Kishore Kumar Agarwal - 2 | 6.88% | +3.45 pp |
| Life Line Marketing Pvt Ltd | 3.91% | unchanged |
| Sajjan Kumar Agarwal | 3.83% | unchanged |
| Amita Devi Agarwal | 3.75% | unchanged |
| Sudha Agarwal | 3.68% | unchanged |
| Shrey Agarwal | 3.66% | unchanged |
| Ambika Agarwal | 3.66% | unchanged |
| Sajjan Agarwal | 3.64% | unchanged |
| Ankit Agarwal | 3.61% | 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 Pansari Developers Limited
Guides on how to read this kind of business and the numbers that matter.