Homre Ltd (523387)
🎯 Key Takeaways
- Homre Ltd is a micro-cap IT software company operating in a highly volatile segment, currently in a nascent or development phase with minimal revenue and persistent operational losses. Despite a high ROE and ROCE driven by low equity base and non-recurring gains, the company has yet to demonstrate sustainable profitability.
- Revenue grew 100% QoQ to ₹12 in Q1FY27.
- ⚠️ Persistent operational losses and negligible revenue scale expose the company to execution and funding risks.
📖 The Story
Homre Ltd is a micro-cap IT software company operating in a highly volatile segment, currently in a nascent or development phase with minimal revenue and persistent operational losses. Despite a high ROE and ROCE driven by low equity base and non-recurring gains, the company has yet to demonstrate sustainable profitability. Management is focused on scaling operations, but financial metrics suggest early-stage instability rather than maturity or cash generation.
📰 What's Happening
In Q1FY27 (Jun 2026), Homre reported revenue of ₹12 lakh with operating profit of ₹0 and an OPM of 3.2%, reflecting ongoing margin pressure. This follows a loss of ₹1 lakh in the previous quarter (Mar 2026), though improved from a ₹1 lakh loss in Dec 2025. The company has consistently reported small-scale operations with fluctuating profitability, and no major strategic announcements were made in the latest filing beyond routine financial disclosures. There has been no new order disclosure or expansion initiative cited in recent filings.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 2 | 7 | 6 | 12 |
| Operating Profit | -0 | 0 | 1 | 0 |
| OPM % | -1.2% | 3.9% | 9.7% | 3.2% |
| Net Profit | 0 | 0 | -1 | 1 |
| EPS | ₹0.01 | ₹0.01 | ₹-0.04 | ₹0.03 |
Revenue remains extremely low and inconsistent, ranging from ₹2 lakh to ₹12 lakh over the last four quarters, with no clear upward trajectory despite rising market capitalization. Operating losses have persisted through multiple quarters, though the latest quarter showed a narrower loss compared to Mar 2026. The financial trajectory indicates early-stage development with no evidence of scalable profitability or operational efficiency gains yet.
🔮 Management Outlook & What's Next
Management has not provided forward guidance or strategic outlook in the latest filing. There is no disclosed roadmap for revenue growth, margin improvement, or customer acquisition strategy. The absence of commentary on future performance suggests limited visibility or confidence in near-term scalability.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 20 |
| Reserves | -20 | -20 | -19 | -20 |
| Borrowings | 2 | 3 | 3 | 3 |
| Total Liabilities | 5 | 4 | 4 | 4 |
| Fixed Assets | 0 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 5 | 4 | 4 | 4 |
The balance sheet shows a minimal equity base of ₹20 crore with negative reserves, indicating accumulated losses eroding capital. Borrowings remain low at ₹3 crore, and total assets are negligible at ₹4 crore, suggesting undercapitalization and limited reinvestment capacity. There is no evidence of active capital raising or deleveraging activity, implying financial constraints in funding operations or growth.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | -1 |
| Investing | -1 |
| Financing | +2 |
| Net Cash Flow | 0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 67.6% | 67.5% | 65.7% | 65.0% |
| FII | 0.2% | 0.2% | 0.2% | 0.2% |
| DII | 0.1% | 0.1% | 0.1% | 0.1% |
| Public | 29.3% | 29.4% | 31.1% | 31.7% |
| # Shareholders | 19,334 | 21,282 | 22,557 | 23,456 |
Promoter holding has declined slightly from 67.61% to 64.99% over four quarters, while the number of shareholders has increased from 19,334 to 23,456, indicating retail participation is growing. FII and DII holdings remain extremely low and stable at 0.23% and 0.1% respectively. No significant selling by promoters or institutional investors is evident, but the rising shareholder count with stagnant institutional interest may reflect speculative retail demand.
⚖️ Peer Comparison — IT - Software
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| TCS | 8.56 L Cr | 17.2 | 63.2% | 46.7% | 0.00 |
| INFY | 4.68 L Cr | 15.6 | 44.9% | 32.7% | 0.00 |
| HCLTECH | 3.67 L Cr | 21.0 | 31.6% | 23.2% | 0.00 |
| WIPRO | 1.80 L Cr | 14.4 | 18.1% | 15.1% | 0.19 |
| TECHM | 1.60 L Cr | 28.2 | 24.8% | 17.4% | 0.00 |
| LTM | 1.37 L Cr | 26.1 | 30.5% | 21.6% | 0.00 |
| OFSS | 1.06 L Cr | 30.9 | 60.3% | 43.6% | 0.00 |
| PERSISTENT | 91,416 | 47.0 | 32.7% | 24.5% | 0.00 |
| COFORGE | 87,786 | 40.3 | 25.6% | 20.7% | 0.04 |
| MPHASIS | 47,828 | 25.0 | 22.3% | 17.8% | 0.17 |
⚠️ Risk Factors
1. Persistent operational losses and negligible revenue scale expose the company to execution and funding risks. 2. Negative reserves and minimal equity base suggest high financial fragility and limited resilience to downturns. 3. Management has not articulated a clear path to profitability or revenue growth, raising governance and strategic risks. 4. Low institutional interest and volatile retail ownership may lead to sharp price swings on minor news.
🧠 Analyst's Read
Homre Ltd remains a high-risk, speculative play with no proven business model or profitability trajectory. Investors should monitor for any indication of scalable revenue generation, margin improvement, or strategic clarity, but current fundamentals reflect early-stage uncertainty rather than sustainable growth.
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 2026-09-02.
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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