Financial Highlights - FY26 Annual

Revenue & Profitability:

  • Revenue from operations: ₹46.20 crore (FY25: ₹39.88 crore), representing 15.84% YoY growth
  • EBITDA: ₹10.34 crore (FY25: ₹11.69 crore), showing a decline of 3.26%
  • EBITDA Margins: 22.38% (FY25: 29.31%), a decrease of 693 basis points
  • Profit After Tax (PAT): ₹5.60 crore (FY25: ₹9.79 crore), a decline of 42.8%
  • PAT Margins: 12.12% (FY25: 24.55%), a decrease of 1,243 basis points
  • Basic EPS: ₹2.48 (FY25: ₹8.50)

Expenses & Costs:

  • Total Expenses: ₹36.77 crore (FY25: ₹29.03 crore)
  • Finance Cost: ₹1.62 crore (FY25: ₹0.47 crore)
  • Depreciation: ₹0.54 crore (FY25: ₹0.18 crore)
  • Other Income: ₹0.12 crore (FY25: ₹0.35 crore)
  • Tax: ₹1.11 crore (FY25: ₹1.29 crore)

Quarterly Performance - Q4 FY26

Q4 FY26 vs Q4 FY25:

  • Revenue from operations: ₹18.48 crore (Q4 FY25: ₹12.12 crore), growth of 52.47%
  • EBITDA: ₹2.83 crore (Q4 FY25: ₹4.03 crore), decline of 29.77%
  • EBITDA Margins: 15.31% (Q4 FY25: 33.25%), decrease of 1,794 basis points
  • Profit After Tax: ₹1.76 crore (Q4 FY25: ₹4.15 crore), decline of 57.59%
  • PAT Margins: 9.52% (Q4 FY25: 34.24%), decrease of 2,472 basis points
  • Basic EPS: ₹0.92 (Q4 FY25: ₹3.61)

Q4 FY26 vs Q3 FY26:

  • Revenue from operations: ₹18.48 crore (Q3 FY26: ₹8.46 crore)
  • EBITDA: ₹2.83 crore (Q3 FY26: ₹4.11 crore)
  • EBITDA Margins: 15.31% (Q3 FY26: 48.58%)
  • Profit After Tax: ₹1.76 crore (Q3 FY26: ₹1.09 crore)
  • PAT Margins: 9.52% (Q3 FY26: 12.88%)

Balance Sheet Position (as of FY26)

Assets:

  • Total Assets: ₹57.71 crore (FY25: ₹35.06 crore)
  • Non-current Assets: ₹2.45 crore (FY25: ₹1.77 crore)
  • PPE: ₹1.56 crore (FY25: ₹0.95 crore)
  • Other Non-current Assets: ₹0.14 crore (unchanged)
  • Current Assets: ₹55.26 crore (FY25: ₹33.29 crore)
  • Inventories: ₹34.30 crore (FY25: ₹21.90 crore)
  • Other Current Assets: ₹0.42 crore (FY25: ₹0.54 crore)

Liabilities & Equity:

  • Total Equity & Liabilities: ₹57.71 crore (FY25: ₹35.06 crore)
  • Non-current Liabilities: ₹1.29 crore (FY25: ₹3.14 crore)
  • Current Liabilities: ₹29.52 crore (FY25: ₹21.93 crore)
  • Short Term Borrowings: ₹21.14 crore (FY25: ₹0.14 crore)
  • Trade Payables: ₹1.73 crore (FY25: ₹7.16 crore)
  • Other Current Liabilities: ₹5.34 crore (FY25: ₹13.20 crore)

Cash Flow Statement

  • Cash Flow from Operations: (₹24.75) crore (FY25: ₹18.26 crore)
  • Cash Flow from Financing: (₹1.12) crore (FY25: (₹1.88) crore)
  • Cash Flow from Investing: ₹30.20 crore (FY25: (₹16.08) crore)

Operational Highlights

Current Project Portfolio:

The company has ongoing projects with total current GDV of 2,90,000 sq ft across multiple locations:

  • Riviera, Goregaon(w): 30,000 sq ft
  • Manju Villa, Goregaon(w): 30,000 sq ft
  • Rivaan, Goregaon(w): 1,00,000 sq ft
  • Shree Pranaam, Versova: 1,00,000 sq ft
  • Josville, Santacruz(w): 30,000 sq ft

Upcoming Project Pipeline:

The company has 11 upcoming projects with total area of 14,14,500 sq ft and estimated GDV of ₹2,151.1 crore:

1. Bharti, Bandra(W): 85,000 sq ft, ₹283.5 crore GDV

2. Viram, Juhu: 45,000 sq ft, ₹102.6 crore GDV

3. Meghna-One (IT PARK), Thane: 2,56,000 sq ft, ₹273 crore GDV

4. Bole Smruti, Dadar(Shivaji park): 32,300 sq ft, ₹114 crore GDV

5. Jai Murli CHS, Khar(w): 45,000 sq ft, ₹68 crore GDV

6. Ganesh Krupa, Andheri(w): 1,00,000 sq ft, ₹160 crore GDV

7. Shiv Giri, Andheri(w): 1,20,000 sq ft, ₹180 crore GDV

8. Jai Pathik, Goregaon(w): 32,000 sq ft, ₹60 crore GDV

9. Naval, Goregaon(w): 1,00,000 sq ft, ₹120 crore GDV

10. Feroze, Andheri(E): 99,200 sq ft, ₹240 crore GDV

11. Akruli, Kandivali(E): 5,00,000 sq ft, ₹550 crore GDV

Strategic Direction & Future Plans

Brand Evolution: Transitioning to "Sanctuaries of Strength" with focus on lifestyle-led, aspirational living and smart & sustainable features.

Growth Strategy:

  • Scalable redevelopment engine with asset-light model targeting high IRR and fast turnaround
  • Targeting 3-5 new projects annually with strong launch visibility
  • Entry into South Mumbai (Dadar/Prabhadevi) markets
  • Strengthening core clusters: Goregaon, Andheri, Versova

Operational Excellence:

  • Targeting 15-20% faster execution via advanced construction technologies
  • Improved cash flow cycles and project delivery timelines
  • Maintaining high governance standards as a listed entity

Financial Strategy:

  • Low leverage (D/E ~0.27) enabling growth flexibility
  • Disciplined capital allocation with strong balance sheet

Company Background

Meghna Infracon Infrastructure Limited (CIN: L68100MH2007PLC175208) is headquartered at 102/104, Shivam Chambers, S. V. Road, Goregaon (W), Mumbai - 400 104. The company previously operated as Naysaa Securities Limited before shifting focus to real estate development in 2016.

Key Strengths & Values

Values:

  • Vision: To lead with impact, set new benchmarks of excellence, and shape industries while contributing to societal progress
  • Mission: To deliver forward-thinking solutions and exceptional experiences that create enduring value for stakeholders

Key Strengths:

  • Speed, precision, and cost discipline at core
  • Proven ability to unlock value from land parcels
  • Deep focus on high-demand urban clusters in Mumbai
  • Strong understanding of local demand-supply dynamics

Investor Relations

Investor relation advisors are Mohit Upadhyay and Shubham Sangle from Adfactors PR.