Shervani Industrial Syndicate Ltd (SHERVANI)
🎯 Key Takeaways
- Shervani Industrial Syndicate Ltd appears to be in a distressed or transitional phase, marked by persistently negative operating performance and minimal financial scale. The company operates in the real estate sector but shows no signs of meaningful revenue generation or profitability, with quarterly revenues fluctuating between ₹1–5 crore and frequent operating losses.
- Revenue grew 208.7% QoQ to ₹5 in Q1FY27.
- ⚠️ The company faces severe operational risks due to consistently negative operating margins and negligible revenue scale. There is a high risk of sustai
📖 The Story
Shervani Industrial Syndicate Ltd appears to be in a distressed or transitional phase, marked by persistently negative operating performance and minimal financial scale. The company operates in the real estate sector but shows no signs of meaningful revenue generation or profitability, with quarterly revenues fluctuating between ₹1–5 crore and frequent operating losses. Despite a stable promoter stake, the lack of operational traction and weak financial metrics suggest limited growth potential.
📰 What's Happening
Management has not announced any new strategic initiatives or operational expansions in recent filings. The company continues to operate with minimal revenue, reporting ₹5 crore in revenue for Jun 2026, down from ₹9 crore in Jun 2025, with operating losses widening to ₹1 crore. There are no indications of new project launches, joint ventures, or capital-raising plans disclosed in the latest regulatory filings.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 9 | 3 | 7 | 1 | 5 |
| Operating Profit | -0 | -1 | 0 | -3 | -1 |
| OPM % | -3.8% | -40.9% | 3.8% | -183.9% | -12.0% |
| Net Profit | 0 | -0 | 0 | -1 | 1 |
| EPS | ₹1.31 | ₹-1.04 | ₹0.12 | ₹-3.20 | ₹5.14 |
Revenue has declined significantly year-on-year, with Jun 2026 revenue down 44% from ₹9 crore in Jun 2025, and operating margins have deteriorated from -3.8% to -12%. The company posted a net loss of ₹1 crore in Jun 2026 compared to a profit of ₹0 crore previously, indicating deteriorating profitability. These trends suggest no operational improvement despite stable top-line levels in some quarters.
🔮 Management Outlook & What's Next
There is no forward guidance or explicit outlook provided by management in the latest filings regarding future revenue, profitability, or strategic direction. The company has not addressed its path to profitability or provided any commentary on market conditions affecting its core real estate operations.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 |
| Reserves | 147 | 148 | 147 | 130 |
| Borrowings | 37 | 51 | 57 | 72 |
| Total Liabilities | 232 | 257 | 299 | 344 |
| Fixed Assets | 17 | 19 | 16 | 15 |
| Investments | 28 | 29 | 26 | 19 |
| Total Assets | 232 | 257 | 299 | 344 |
The balance sheet shows a stable but minimal equity base of ₹3 crore with reserves declining slightly from ₹148 crore to ₹130 crore, while borrowings have increased from ₹57 crore to ₹72 crore. Total assets have grown from ₹257 crore to ₹344 crore, suggesting asset accumulation without corresponding revenue growth. This indicates capital is being deployed without operational scale or efficiency.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | +14 |
| Investing | -26 |
| Financing | +10 |
| Net Cash Flow | -2 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 62.1% | 62.1% | 62.1% | 62.1% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 16.3% | 16.2% | 16.4% | 16.4% |
| # Shareholders | 2,229 | 2,174 | 2,128 | 2,130 |
Promoter holding remains unchanged at 62.07% over the last four quarters, with no FII or institutional accumulation observed. Public shareholding has slightly increased, but the lack of institutional interest and zero DII holding suggest limited investor confidence. No share buybacks, pledges, or changes in shareholder structure have been reported.
⚖️ 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
The company faces severe operational risks due to consistently negative operating margins and negligible revenue scale. There is a high risk of sustained losses with no visible path to profitability. Additionally, rising debt levels amid stagnant asset utilization raise concerns about financial sustainability and potential distress in a capital-intensive sector like real estate.
🧠 Analyst's Read
Shervani Industrial Syndicate Ltd is undergoing a period of operational stagnation with no clear catalysts for recovery. Investors should monitor for any strategic shifts, capital restructuring, or management changes that could alter its trajectory, but current indicators suggest limited upside without fundamental operational transformation.
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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