Patidar Buildcon Ltd (524031)
🎯 Key Takeaways
- Patidar Buildcon Ltd appears to be in a distressed or dormant phase, with no revenue generation and persistent losses across multiple quarters. The company has not executed any visible operational or strategic initiatives in recent filings, and its financials reflect a stagnant balance sheet with no meaningful asset growth or capital deployment.
- Revenue grew 0% QoQ to ₹0 in Q1FY27.
- ⚠️ 1) Persistent zero revenue and negative operating metrics suggest potential business discontinuation. 2) Lack of capital allocation transparency or st
📖 The Story
Patidar Buildcon Ltd appears to be in a distressed or dormant phase, with no revenue generation and persistent losses across multiple quarters. The company has not executed any visible operational or strategic initiatives in recent filings, and its financials reflect a stagnant balance sheet with no meaningful asset growth or capital deployment. Management has not provided forward-looking guidance or outlined a revival plan in the available disclosures.
📰 What's Happening
There are no material operational updates or new orders disclosed in the latest filings. The company has not announced any new projects, expansions, or management changes in the past 2-3 quarters. The most recent regulatory filing (June 2026) confirms zero revenue and negative operating performance, with no commentary on business resumption or pipeline activities.
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 % | -38.5% | -157.1% | -220.0% | -122.2% | -55.6% |
| Net Profit | -0 | 0 | -0 | -0 | -0 |
| EPS | ₹-0.09 | ₹0.10 | ₹-0.18 | ₹-0.26 | ₹-0.06 |
Revenue has been consistently zero across all reported quarters, with operating losses widening in recent periods — OPM deteriorated from -38.5% in June 2025 to -55.6% in June 2026. Net losses have persisted despite minimal expense recognition, suggesting either suspended operations or accounting anomalies. The lack of revenue recovery despite multiple reporting periods indicates a potential cessation of business activities.
🔮 Management Outlook & What's Next
Management has not provided any forward guidance, strategic roadmap, or commentary on business revival in the latest filings. There is no discussion of recovery plans, timelines for revenue generation, or capital expenditure initiatives in the available disclosures.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 |
| Reserves | 1 | 1 | 1 | 1 |
| Borrowings | 3 | 2 | 2 | 2 |
| Total Liabilities | 9 | 9 | 9 | 9 |
| Fixed Assets | 1 | 0 | 1 | 1 |
| Investments | 0 | 1 | 0 | 0 |
| Total Assets | 9 | 9 | 9 | 9 |
The balance sheet remains flat with no change in equity, reserves, or total assets over multiple reporting periods, indicating no reinvestment or deleveraging activity. Borrowings remain stable at ₹2 crore, but with zero cash generation, the company lacks capacity to service debt or fund operations without external funding.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2024 |
|---|---|
| Operating | +1 |
| Investing | -0 |
| Financing | -1 |
| Net Cash Flow | +0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 21.0% | 21.0% | 21.0% | 21.0% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 54.2% | 54.2% | 54.3% | 54.3% |
| # Shareholders | 3,154 | 3,135 | 3,134 | 3,136 |
Promoter holding remains unchanged at 20.98%, with no signs of accumulation or stake sales. Institutional (FII/DII) ownership is negligible (0%), and public shareholding has slightly increased, possibly due to passive index inclusion or retail trading. No activist activity or significant investor engagement is evident.
⚖️ Peer Comparison — Realty
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| DLF | 1.68 L Cr | 37.8 | 6.5% | 5.6% | 0.00 |
| LODHA | 1.23 L Cr | 29.8 | 17.9% | 17.7% | 0.42 |
| PRESTIGE | 68,615 | 60.2 | 10.4% | 7.8% | 0.92 |
| OBEROIRLTY | 67,674 | 25.6 | 17.8% | 14.7% | 0.16 |
| PHOENIXLTD | 67,406 | 52.7 | 16.6% | 15.6% | 0.45 |
| GODREJPROP | 60,580 | 37.9 | 6.6% | 8.3% | 0.82 |
| PFOCUS | 22,363 | 187.0 | 13.7% | 19.1% | 5.39 |
| ANANTRAJ | 21,744 | 36.6 | 11.1% | 9.9% | 0.10 |
| BRIGADE | 21,393 | 24.9 | 10.9% | 11.5% | 0.90 |
| ABREL | 15,154 | — | -4.5% | -3.3% | 1.52 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Persistent zero revenue and negative operating metrics suggest potential business discontinuation. 2) Lack of capital allocation transparency or strategic direction raises governance concerns. 3) Negative ROE and ROCE highlight capital inefficiency with no path to profitability visible. 4) Minimal shareholder base and zero institutional interest increase liquidity and valuation uncertainty.
🧠 Analyst's Read
The company shows no signs of operational revival or strategic clarity, with financials reflecting either dormancy or unsustainable losses. Investors should monitor for any disclosure of business resumption, new project launches, or management action plans, but current indicators suggest limited near-term upside or visibility.
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 2026-09-01.
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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