---
title: "Avishkar Infra Realty Ltd (508929) — Share Price, Financials & Analysis"
symbol: "508929"
company: "Avishkar Infra Realty Ltd"
canonical: "https://tapetide.com/stocks/508929"
isin: "INE433O01024"
bse_code: "508929"
sector: "Consumer Discretionary"
industry: "Realty"
market_cap_cr: 1270.7
generated_at: "2026-09-13T19:58:58.336Z"
---

# Avishkar Infra Realty Ltd (508929)

Canonical page: https://tapetide.com/stocks/508929

## Company

- **BSE Code:** 508929
- **ISIN:** INE433O01024
- **Sector:** Consumer Discretionary
- **Industry:** Realty
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2010-02-19
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** joyrealty.in

## About

Incorporated in 1983, Avishkar Infra Realty Ltd is in the business of real estate development in Mumbai[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-07T04:33:53.740933Z.

- **Market Cap:** ₹1270.7 Cr
- **Classification:** Microcap
- **P/E (reported):** -691.7
- **EPS (TTM):** ₹-0.79
- **Book Value:** ₹5.52
- **Price to Book:** 102.7
- **Dividend Yield:** 0%
- **ROE:** 29.67%
- **ROCE:** 8.41%
- **Debt to Equity:** 2.32
- **Revenue (yearly):** ₹0 Cr
- **Net Income:** ₹-2.11 Cr
- **EBITDA:** ₹-0.98 Cr
- **52-Week High:** ₹713.95
- **52-Week Low:** ₹287.85

## Key Insights

### Weaknesses

- Stock is trading at 103 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 34.7%
- Promoter holding has decreased over last 3 years: -27.0%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | -974.92% | -309.25% |
| ebitda margin growth | -400% | -100% | — | — |
| net income growth | 72.73% | -150.24% | 111% | — |
| revenue growth | -100% | -100% | — | — |
| roce | -326.67% | -8.69% | -8.69% | — |
| roe | -66.98% | 190.03% | 19.95% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 2 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.23 | 0.2 | 0.28 | -0.15 | 0.18 | 0.34 |
| Operating Profit | 1.77 | -0.2 | -0.28 | 0.15 | -0.18 | -0.34 |
| OPM % | 88.5 | — | — | — | — | — |
| Other Income | 1.37 | 0.46 | 0.48 | 0.5 | 0.33 | 0 |
| Interest | 0.21 | 0.7 | 0.59 | 0.54 | 1.19 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2.93 | -0.44 | -0.39 | 0.11 | -1.04 | -0.34 |
| Tax % | -24.57 | 15.91 | 17.95 | 72.73 | 2.88 | 2.94 |
| Net Profit | 3.65 | -0.51 | -0.46 | 0.03 | -1.06 | -0.35 |
| EPS in Rs | 1.63 | -0.21 | -0.21 | 0.01 | -0.44 | -0.15 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- |
| Sales | 0 | 2.4 | 0 | 0 |
| Expenses | 0.2 | 0.55 | 0.86 | 0.65 |
| Operating Profit | -0.2 | 1.85 | -0.86 | -0.65 |
| OPM % | — | 77.08 | — | — |
| Other Income | 0.02 | 2.2 | 1.78 | 1.31 |
| Interest | 0.84 | 0.57 | 3.02 | 2.32 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | -1.02 | 3.48 | -2.1 | -1.66 |
| Tax % | 0 | -20.69 | 11.9 | — |
| Net Profit | -1.02 | 4.2 | -2.35 | -1.84 |
| EPS in Rs | -4.24 | 1.87 | -1.03 | -0.79 |
| Dividend Payout % | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Equity Capital | 2.4 | 22.4 | 22.4 |
| Reserves | -12.33 | -8.12 | -10.03 |
| Borrowings | 8.07 | 33.95 | 28.7 |
| Other Liabilities | 9.04 | 10.51 | 24.71 |
| Total Liabilities | 7.18 | 58.74 | 65.78 |
| Fixed Assets | 0 | 1.73 | 1.95 |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 0.13 | 0.14 |
| Other Assets | 7.18 | 56.88 | 63.69 |
| Total Assets | 7.18 | 58.74 | 65.78 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Cash from Operating Activity | 2.14 | -28.96 | 5.64 |
| Cash from Investing Activity | 0.01 | 1.07 | 1.89 |
| Cash from Financing Activity | -2.08 | 27.99 | -8.48 |
| Net Cash Flow | 0.06 | 0.09 | -0.96 |
| Free Cash Flow | 2.15 | -28.98 | 5.64 |
| CFO/OP | -1070 | -1565 | -656 |

### Ratios

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Debtor Days | — | 375.65 | — |
| Cash Conversion Cycle | — | 375.65 | — |
| Working Capital Days | — | 6734.25 | — |
| ROCE % | — | 13.28 | 2.34 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.71% | 73.71% | 73.71% | 34.69% | 34.69% | 34.69% | 34.69% | 34.69% | 34.69% | 34.69% | 34.69% | 34.69% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.04% | 0.04% | 0.04% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 24.62% | 24.5% | 24.5% | 65.12% | 65.12% | 65.12% | 50.39% | 50.44% | 50.39% | 50.41% | 50.41% | 50.41% |
| Others | 1.63% | 1.76% | 1.75% | 0.19% | 0.19% | 0.19% | 14.92% | 14.87% | 14.92% | 14.9% | 14.9% | 14.9% |
| No. of Shareholders | 1752 | 1744 | 1736 | 1751 | 1738 | 1738 | 1733 | 1734 | 1843 | 1884 | 1889 | 1893 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 7 / 5 / 7

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 585.98 | Sell |
| EMA (10) | 590.09 | Sell |
| SMA (20) | 617.75 | Sell |
| EMA (20) | 603.67 | Sell |
| SMA (50) | 590.42 | Sell |
| EMA (50) | 564.35 | Buy |
| SMA (100) | 434.89 | Buy |
| EMA (100) | 459.21 | Buy |
| SMA (200) | 245.34 | Buy |
| EMA (200) | 314.62 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.85 | Neutral |
| MACD (12,26,9) | -8.41 | Sell |
| Stochastic (14,3,3) | 29.16 | Neutral |
| ADX (14) | 37.98 | Buy |
| Williams %R (14) | -74.63 | Neutral |
| ATR (14) | 12.45 | Neutral |
| ROC (12) | -10.42 | Sell |
| Stoch RSI (14) | 33.1 | Neutral |
| UO (7,14,28) | 14.91 | Buy |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4fa722f0-57ef-4807-8c5d-d191550c0723.pdf) |
| 2026-09-08 | [Board Meeting Outcome for Outcome Of The Board Meeting Held Today On 8Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=777bcb7b-4eb1-45c0-bcfb-1a191f7d1282.pdf) |
| 2026-09-08 | [Annual General Meeting To Be Held On 30Th September 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60cafe50-81f4-40e6-923d-ef0b8039e8a9.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45525470-1278-4f9a-b94c-c9155cf6edda.pdf) |
| 2026-09-07 | [Board Meeting Outcome for The Meeting Held Today On 7Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=761f7449-cd9e-42c8-b625-4d13c5183a87.pdf) |
| 2026-09-07 | [The Register Of Members And Share Transfer Books Of The Company Will Remain Closed From 24Th September 2026 - 30Th September 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=88e3a6b0-da81-402d-bf30-b0976e31d22e.pdf) |
| 2026-08-19 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=74622863-e0a2-4aac-b71b-afe1b406c80d.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Board Meeting Held On 13Th August 2026 To Consider And Approve Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9623f5c9-283a-4013-99e3-9581f0673e9e.pdf) |
| 2026-08-08 | [Board Meeting Intimation for Meeting That To Be Held On 13Th August 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=526e422f-90ee-4b4b-a9ff-dd6aeb7cd683.pdf) |
| 2026-07-13 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=01d82176-1a1c-4b9d-946e-011b5650e1cf.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Board Meeting Held On 13Th August 2026 To Consider And Approve Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=876e73c6-1824-49f8-9488-95149693d980.pdf) |
| 2026-08-13 | [Board Meeting Held On 13Th August 2026 To Consider And Approve Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f8e4114-c093-4cff-bd13-a4ec1617e5c0.pdf) |
| 2026-05-30 | [Audited Financial Results For The Quarter And Year Ended 31St March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=674de336-5f8b-42a0-9401-c50e1175e27f.pdf) |
| 2026-05-30 | [Audited Financial Results For The Quarter And Year Ended 31St March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8beb3a71-dec2-41bf-ac37-6eb60babc1fc.pdf) |
| 2026-02-14 | [Unaudited Financial Result For The Quarter Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=66aa942c-c73d-4acd-a2e3-b182506cfdce.pdf) |
| 2026-02-14 | [Unaudited Financial Result For The Quarter Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31a08ae0-7ee7-4c41-9315-5deed05155aa.pdf) |
| 2025-11-13 | [Financial Result For The Quarter And Half Year Ended 30Th September 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3dd37e04-e6d6-49b4-8936-1c2092771f34.pdf) |
| 2025-11-13 | [Financial Result For The Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bbfee94f-f128-467b-a5e3-b13d93fafe84.pdf) |
| 2025-08-11 | [Result For The Quarter Ended 30 June 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68f276f3-6af5-494a-900b-8e31997c02aa.pdf) |
| 2025-08-11 | [Result For The Quarter Ended 30 June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3da8520f-3153-4b25-832d-07a77cbcf0f4.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Feb - Board meeting 14 Feb 2026 to approve unaudited standalone and consolidated Q3 results for quarter ended 31 Dec 2025. | [Board Meeting Intimation for Financial Result For The Quarter Ended December 31, 2025. 7 Feb - Board meeting 14 Feb 2026 to approve unaudited standalone and consolidated Q3 results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5903a6bc-b953-46a5-93d5-c5d2ab9de017.pdf) |
| 30 Mar - Trading window closed from 01-Apr-2026 until audited results for quarter/year ended 31-Mar-2026 and two days after. | [Closure of Trading Window 30 Mar - Trading window closed from 01-Apr-2026 until audited results for quarter/year ended 31-Mar-2026 and two days after.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/abf6e614-c993-4fa7-be87-929c69a176e7.pdf) |
| 30 Apr - Company confirms it is not a SEBI large corporate under disclosure norms. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Company confirms it is not a SEBI large corporate under disclosure norms.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8b571beb-632b-4630-b6f7-a5efb914b999.pdf) |
| 30 Apr - Company confirms it is not a SEBI large corporate under disclosure norms. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Company confirms it is not a SEBI large corporate under disclosure norms.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8b571beb-632b-4630-b6f7-a5efb914b999.pdf) |
| 3 Jan - Received Rs.558.10 lakh order to supply networking switches to NCC (AIIMS Bibinagar); delivery 8 weeks; 90% via LOC. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 3 Jan - Received Rs.558.10 lakh order to supply networking switches to NCC (AIIMS Bibinagar); delivery 8 weeks; 90% via LOC.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e69e0701-c366-4d02-92c8-60615aa3df0a.pdf) |
| 2d - Approved Q3 results; seek shareholder approval for Rs100 crore Section 186 limit; acquire 50% stake in Transcon Businesspark. | [Board Meeting Outcome for Outcome Of The Board Meeting Held Today On 14Th February, 2026 2d - Approved Q3 results; seek shareholder approval for Rs100 crore Section 186 limit; acquire 50% stake in Transcon Businesspark.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/04761e9d-b671-429a-a2a0-30225acfd35c.pdf) |
| 25 Jan - Transcript of Jan 21, 2026 investor meet: order book ₹56.25cr, H1 billing ₹42cr, cybersecurity focus, 25-30% revenue growth guidance. | [Transcript Of The Investor / Analyst Meet - Valueportal Investor-Company Connect 25 Jan - Transcript of Jan 21, 2026 investor meet: order book ₹56.25cr, H1 billing ₹42cr, cybersecurity focus, 25-30% revenue growth guidance.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1e8cd186-1255-49b4-b6e4-7395d1aa76d2.pdf) |
| 21 Jan - Virtual investor interaction (Valueportal) on Jan 21, 2026, 03:00–04:00 IST. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 21 Jan - Virtual investor interaction (Valueportal) on Jan 21, 2026, 03:00–04:00 IST.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0d0474ca-a61c-4734-8cf5-084c57f5210a.pdf) |
| 20 Mar - Postal ballot (20-Mar-2026) approved Section 186 limits for investments/loans/guarantees up to INR100 crore. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 20 Mar - Postal ballot (20-Mar-2026) approved Section 186 limits for investments/loans/guarantees up to INR100 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6d64ed25-6343-498f-b20f-9de8ca490712.pdf) |
| 20 Feb - Newspaper Publication of the Notice of Postal Ballot dated 18th February, 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Feb - Newspaper Publication of the Notice of Postal Ballot dated 18th February, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f9470129-10df-45f8-b432-3623331b512b.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Dec 2025 | [Concall - Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16cdc923-fc23-435d-a1ff-5a53d0e0d154.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c8bbdee9-c55e-4d3a-8785-6503eb689cf4.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a12bb2f-5c76-47a7-a1fb-3dda70a0a5cb.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/404df19a-a752-4a04-aef4-b914b2699674.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/508929/77197508929.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/508929/70426508929.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/508929/66578508929.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/508929/5089290319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/508929/5089290318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/508929/5089290317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/508929/5089290316.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:58:58.336Z.