Tivoli Construction Ltd (511096)
🎯 Key Takeaways
- Tivoli Construction Ltd appears to be in a distressed or dormant phase, with no operational revenue generation and persistent negative returns on equity and capital employed. The company holds minimal assets and equity, with no liabilities, but shows no signs of active business operations or recovery.
- ⚠️ Complete absence of revenue-generating operations raises concerns about the company's viability.
- ROE
- -3.3%
- ROCE
- -3.3%
- Debt/Equity
- 0.00
- Promoter
- 65.7%
📖 The Story
Tivoli Construction Ltd appears to be in a distressed or dormant phase, with no operational revenue generation and persistent negative returns on equity and capital employed. The company holds minimal assets and equity, with no liabilities, but shows no signs of active business operations or recovery. Its financials reflect a stagnant or suspended business model rather than a structured turnaround or growth phase.
📰 What's Happening
There is no evidence of recent operational activity, new contracts, or strategic initiatives in the latest filings. Management has not announced any new projects, expansions, or capital plans in the reviewed periods. The company continues to file minimal disclosures, with no updates on business resumption or restructuring efforts since at least Q3 FY26.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | -0 | -0 | -0 | -0 |
| OPM % | — | — | — | -57.1% | — |
| Net Profit | -0 | 0 | -0 | -0 | -0 |
| EPS | ₹-0.55 | ₹0.12 | ₹-0.18 | ₹-0.85 | ₹-0.89 |
Revenue has been consistently reported as zero across all recent quarters, with operating losses narrowing slightly but remaining negligible in scale. The transition from a small positive net income in Sep 2025 (₹0.12 cr) to consecutive losses since Dec 2025 suggests a deterioration in financial performance, though the absolute values remain immaterial. No operational drivers or cost structures are disclosed to explain these trends.
🔮 Management Outlook & What's Next
There is no available forward guidance or explicit commentary from management in the latest filings regarding future business plans, timelines for resumption, or recovery expectations. The absence of any strategic commentary or guidance indicates a lack of active leadership engagement or clarity on path forward.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 |
| Reserves | 2 | 2 | 2 | 2 |
| Borrowings | 0 | 0 | 0 | 0 |
| Total Liabilities | 3 | 3 | 2 | 3 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 3 | 3 | 2 | 3 |
The balance sheet remains extremely light, with total assets of just ₹2–3 crore and zero borrowings, suggesting minimal capital investment or operational footprint. Equity and reserves are stable but trivial in size, reflecting no significant financing activity or retained earnings accumulation over time.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | -0 |
| Investing | +0 |
| Financing | 0 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 65.7% | 65.7% | 65.7% | 65.7% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 13.2% | 13.2% | 13.2% | 13.2% |
| # Shareholders | 234 | 234 | 234 | 233 |
Promoter holding remains stable at 65.67% with no changes observed in recent quarters. There is no institutional or DII participation, and the public shareholding remains fragmented with over 200 shareholders. No selling pressure or accumulation signals are evident from shareholder patterns.
⚖️ Peer Comparison — Realty
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| DLF | 1.63 L Cr | 36.8 | 6.5% | — | 0.00 |
| LODHA | 1.11 L Cr | 26.9 | 17.9% | — | 0.42 |
| PHOENIXLTD | 68,962 | 53.9 | 15.4% | — | 0.48 |
| OBEROIRLTY | 64,267 | 24.3 | 17.8% | — | 0.16 |
| PRESTIGE | 61,250 | 53.8 | 10.4% | — | 0.92 |
| GODREJPROP | 49,259 | 30.8 | 6.6% | — | 0.82 |
| PFOCUS | 24,638 | 206.0 | 9.4% | — | 2.37 |
| ANANTRAJ | 21,677 | 36.5 | 11.1% | — | 0.10 |
| BRIGADE | 18,397 | 21.4 | 10.9% | — | 0.90 |
| SOBHA | 13,006 | 56.4 | 7.8% | — | 0.21 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Complete absence of revenue-generating operations raises concerns about the company's viability. 2. Persistent negative ROE and ROCE indicate capital is not being used productively. 3. Lack of management communication or strategic direction suggests governance or operational inertia. 4. Minimal disclosures and negligible asset base increase opacity and investor uncertainty.
📋 Recent Filings
- 🟡 Board Meeting2026-09-30Tivoli Construction held its 40th AGM on 30 September 2026, where shareholders unanimously elected Chairman Nilesh Gupta, approved the audited financi…
- 🔴 offer document2026-09-30Tivoli Construction held its 40th AGM on September 30, 2026, where shareholders approved the audited financial statements for FY2026, reappointed dire…
- 🟡 Board Meeting2026-09-30Tivoli Construction held its 40th AGM on 30 September 2026, where shareholders unanimously elected Chairman Nilesh Gupta, approved audited financial s…
- Announcement2026-09-29Tivoli Construction Ltd announced that its trading window will close on 1 October 2026, remaining shut until 48 hours after the unaudited Q2 results a…
- 🔴 annual report2026-09-07Tivoli Construction Limited filed its 2025-26 Annual Report with BSE on September 7, 2026, announcing the 40th AGM scheduled for September 30, 2026. T…
- 🟡 Board Meeting2026-09-04Tivoli Construction Limited announced its 40th Annual General Meeting scheduled for 30 September 2026 at its registered office, with book closure from…
- 🟡 Board Meeting2026-09-04Tivoli Construction announced the 40th Annual General Meeting will be held on 30 September 2026 at 11:30 am at its registered office, with book closur…
- 🟡 Board Meeting2026-09-04Tivoli Construction announced board approval of Sagar Rupani's reappointment as Independent Director for five years pending shareholder vote at the up…
- 🟡 Board Meeting2026-09-04Tivoli Construction announced board approval of Sagar Rupani's reappointment as Independent Director for five years pending shareholder vote at the up…
- 🟡 Board Meeting2026-09-04Tivoli Construction approved re-appointment of Independent Director Sagar Rupani for a 5-year term, appointment of M.R. Sharma & Co. as statutory audi…
🧠 Analyst's Read
Tivoli Construction Ltd appears to be a dormant entity with no active business operations, minimal financial activity, and no clear path to recovery. Investors should monitor for any sudden changes in filing disclosures or operational updates, but current indicators suggest prolonged inactivity or potential delisting risk.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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