SANDESH
The Sandesh financials
- Market cap
- ₹768 Cr
Quarterly results
Q1 FY27: revenue up 527.4%, net profit up 72.4% 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 | 70 | 79 | 75 | 73 | 77 +10% | 77 −3% | 210 +180% | 458 +527% |
| EBITDA | 16 | -41 | 12 | 18 | 5 −69% | 20 +149% | -35 −392% | 20 +11% |
| Net profit | 38 | -21 | 10 | 58 | 4 −89% | 39 +286% | -34 −440% | 100 +72% |
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 −15.2% 1Y
1Y: ₹1,196.1 on 10 Sept 2025 → ₹1,014.6. High ₹1,217.2 (11 Sept 2025), low ₹821.8 (30 Mar 2026).
Financials, as filed
Revenue grew 8.8% a year over 3 years, FY23 to FY26. Operating margin narrowed to 1.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹339 Cr | ₹321 Cr | ₹292 Cr | ₹437 Cr |
| Operating profit | ₹81 Cr | ₹83 Cr | ₹3 Cr | ₹8 Cr |
| Operating margin | 23.8% | 25.9% | 1.0% | 1.8% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹5 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr |
| Net profit | ₹101 Cr | ₹189 Cr | ₹77 Cr | ₹67 Cr |
| Net margin | 29.8% | 58.9% | 26.4% | 15.3% |
| Cash from operations | ₹84 Cr | ₹154 Cr | ₹68 Cr | ₹-144 Cr |
| Free cash flow | ₹84 Cr | ₹150 Cr | ₹65 Cr | ₹-149 Cr |
| ROCE | 13.0% | 21.0% | 8.0% | 7.0% |
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 | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr |
| Reserves | ₹877 Cr | ₹939 Cr | ₹1.0k Cr | ₹1.3k Cr | ₹1.4k Cr | ₹1.4k Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹75 Cr | ₹63 Cr | ₹62 Cr | ₹87 Cr | ₹89 Cr | ₹99 Cr |
| Total liabilities | ₹960 Cr | ₹1.0k Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.5k Cr | ₹1.5k Cr |
| Fixed assets | ₹120 Cr | ₹110 Cr | ₹111 Cr | ₹110 Cr | ₹108 Cr | ₹105 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹508 Cr | ₹508 Cr | ₹662 Cr | ₹974 Cr | ₹1.2k Cr | ₹1.0k Cr |
| Other assets | ₹331 Cr | ₹392 Cr | ₹339 Cr | ₹260 Cr | ₹190 Cr | ₹417 Cr |
| Total assets | ₹960 Cr | ₹1.0k Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.5k Cr | ₹1.5k 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 7% to 6,840.
- Promoters
- 74.8%
- FIIs
- 0.1%
- Public
- 25.1%
Since Jun 2025
- Public +0.02 pp
- FIIs −0.01 pp
- DIIs −0.01 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 74.8%, Public 25.2%.Dec '23: Promoters 74.8%, Public 25.2%.Mar '24: Promoters 74.8%, FIIs 0.0%, Public 25.2%.Jun '24: Promoters 74.8%, FIIs 0.1%, Public 25.1%.Sep '24: Promoters 74.8%, FIIs 0.2%, Public 25.0%.Dec '24: Promoters 74.8%, FIIs 0.1%, Public 25.0%.Mar '25: Promoters 74.8%, FIIs 0.1%, DIIs 0.0%, Public 25.0%.Jun '25: Promoters 74.8%, FIIs 0.1%, DIIs 0.0%, Public 25.1%.Sep '25: Promoters 74.8%, FIIs 0.1%, DIIs 0.0%, Public 25.1%.Dec '25: Promoters 74.8%, FIIs 0.1%, DIIs 0.0%, Public 25.1%.Mar '26: Promoters 74.8%, FIIs 0.1%, DIIs 0.0%, Public 25.1%.Jun '26: Promoters 74.8%, FIIs 0.1%, Public 25.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of The Sandesh Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Satyesh Prochem Llp | 41.83% | unchanged |
| Parthiv Falgunbhai Patel | 13.15% | unchanged |
| Scabious Enterprise Llp | 5.56% | unchanged |
| Zora Traders Limited | 4.53% | unchanged |
| Falgunbhai Chimanbhai Patel | 4.50% | unchanged |
| Saintfoin Enterprise Llp | 3.95% | unchanged |
| Pannaben Falgunbhai Patel | 3.24% | unchanged |
| Anwesha Stocktrade Private Limited | 2.55% | unchanged |
| Falgunbhai Chimanbhai Patel (Huf) | 2.45% | unchanged |
| Redwood Holding Private Limited | 2.07% | unchanged |
| Seetha Kumari | 1.95% | unchanged |
| Sharad Kanayalal Shah | 1.25% | 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 The Sandesh Limited
Guides on how to read this kind of business and the numbers that matter.