TGL
Teerth financials
- Market cap
- ₹20 Cr
- Sector
- Construction
- Calls analysed
- 1
Teerth Q4 FY25
What went well
- Total revenue for FY25 grew 12.8% YoY to ₹118.55 crores (₹11,855 lakhs).
- EBITDA margin expanded to 21% in FY25 from 17% in FY24, with EBITDA at ₹24.90 crores (₹2,490 lakhs).
- Net worth increased significantly to ₹75.97 crores in FY25 from ₹19.28 crores in FY24.
What to watch
- Revenue declined 26% in H2 FY25 compared to H1 FY25, primarily due to delays in payment realization from MP Jal Nigam.
- PAT margin contracted to 6.61% in H2 FY25 due to higher finance costs, fixed overheads, and increased provisioning.
Guidance record · Q4 FY25
what the last two calls moved 4 tracked 0 delivered 0 missed 4 open- FY26 Revenue open said Q4 FY25 Promised: ₹800 crores for FY'26 (₹600 cr EPC, ₹200 cr renewables) Q4 FY25: Management committed to a massive jump to ₹800 cr revenue for FY26.
All 4 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q2 FY26: revenue down 97.3%, net profit down 733.3% against the same quarter last year.
| Line item | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 11 | 37 | 68 | 68 | 50 +355% | 1 −97% |
| EBITDA | 2 | 5 | 13 | 16 | 9 +350% | -15 −400% |
| Net profit | 1 | 3 | 8 | 10 | 3 +200% | -19 −733% |
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 −75.6% 1Y
1Y: ₹67.5 on 10 Sept 2025 → ₹16.45. High ₹79.9 (12 Dec 2025), low ₹14.1 (25 Aug 2026).
Balance sheet
| Year ending | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹8 Cr | ₹12 Cr |
| Reserves | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹11 Cr | ₹45 Cr |
| Borrowings | ₹11 Cr | ₹9 Cr | ₹14 Cr | ₹4 Cr | ₹13 Cr | ₹55 Cr |
| Other liabilities | ₹10 Cr | ₹16 Cr | ₹23 Cr | ₹35 Cr | ₹104 Cr | ₹74 Cr |
| Total liabilities | ₹23 Cr | ₹31 Cr | ₹43 Cr | ₹47 Cr | ₹136 Cr | ₹185 Cr |
| Fixed assets | ₹3 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹13 Cr | ₹21 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹1 Cr |
| Other assets | ₹20 Cr | ₹28 Cr | ₹40 Cr | ₹44 Cr | ₹120 Cr | ₹163 Cr |
| Total assets | ₹23 Cr | ₹31 Cr | ₹43 Cr | ₹47 Cr | ₹136 Cr | ₹185 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
Since Mar 2025, the public added +1.26 pp while promoters trimmed −1.24 pp. The shareholder count grew 24% to 4,697.
- Promoters
- 63.4%
- Public
- 36.6%
Since Mar 2025
- Public +1.26 pp
- Promoters −1.24 pp
- FIIs −0.02 pp
How it drifted, 5 quarters
Over this window the public went from 34.4% to 36.6% — +2.2 pp.
Ownership split by quarter, oldest first. Apr '24: Promoters 64.3%, FIIs 0.3%, DIIs 1.0%, Public 34.4%.Sep '24: Promoters 64.3%, FIIs 0.2%, Public 35.4%.Mar '25: Promoters 64.6%, FIIs 0.0%, Public 35.4%.Sep '25: Promoters 64.8%, Public 35.2%.Mar '26: Promoters 63.4%, Public 36.6%.
Who is on the register
Named in the Mar 2026 filing
Every holder of Teerth above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Maheshbhai M. Kumbhani | 40.64% | unchanged |
| Chandrikaben M Kumbhani | 10.17% | unchanged |
| Pallav Mahesh Kumbhani | 4.69% | unchanged |
| Kumbhani Ghanshyambhai Maganbhai | 4.66% | unchanged |
| Sanjay Maganbhai Kumbhani | 3.23% | −1.44 pp |
| Unclaimed or Suspense or Escrow Account | 0.25% | unchanged |
| Sourish Nath | — | off the list |
| Arpita Nath | — | off the list |
| Savaliya Bipinkumar Chhaganbhai | — | 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 Teerth
Guides on how to read this kind of business and the numbers that matter.