Kaushalya Infra DEV Ltd.
NSE: KAUSHALYA · Hotels & Resorts · sector
₹819.20NSE close 2026-10-26
Key numbers
Market cap₹28 cr
Price₹819.20
52w high / low₹1,436 / ₹750
P/E–Sector median 21.6x
P/B0.4xSector median 1.8x
Book value₹2,235.1
Dividend yield–Sector median 0.58%
ROE-0.8%Sector median 6.5%
ROCE-0.3%Sector median 9.1%
OPM-31.2%Sector median 26.3%
Debt / equity0.00xSector median 0.20x
EV/EBITDA–Sector median 12.9x
Interest cover-222.3x
Current ratio1.74x
Sales growth 3y+93.3%Sector median +7.8%
Profit growth 3y-72.3%Sector median +10.9%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 64 companies in Hotels & Resorts (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest -222.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY24, FY23, FY22).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Debtor days went from 6,427 (FY24) to 1,032 (FY26).
- No dividend in the last 5 financial years.
- Price ₹819.20 on 2026-10-26: -43.0% from the 52-week high, +9.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,745.00 · low ₹773.20
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| EBITDA | -0 | -0 | -0 | -1 | -0 | 1 | -0 | -0 |
| OPM % | -600.0% | -550.0% | -550.0% | -2,800.0% | -766.7% | 73.4% | -500.0% | -2,800.0% |
| Other income | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Net profit | 4 | 1 | 1 | 0 | -0 | 1 | -0 | -0 |
| EPS (₹) | 124.41 | 15.75 | 17.30 | 11.89 | -7.25 | 15.44 | -10.62 | -13.04 |
| Revenue YoY | -25.0% | +1,875.0% | +75.0% | -50.0% | ||||
| Profit YoY | -105.8% | -5.5% | -161.7% | -209.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 1 | 1 |
| EBITDA | 1 | -2 | -3 | -1 | -1 | -0 |
| Net profit | 0 | 15 | 15 | -1 | 0 | -1 |
| EPS (₹) | 0.12 | 4.46 | 436.14 | -21.56 | 9.46 | -15.47 |
| Revenue growth | -14.3% | +16.7% | -7.1% | +592.3% | +576.7% | |
| Profit growth | +3,495.3% | -2.3% | -105.0% | – | -109.3% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +93.3% | – | +576.7% |
| Net profit | -72.3% | – | -109.3% |
| EPS | +28.5% | – | – |
| Share price | – | -5.8% (2y) | -21.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 56 | 72 | 51 | 77 |
| Borrowings | – | 22 | 0 | 13 | 0 |
| Cash & equivalents | – | 0 | 1 | 1 | 1 |
| Total assets | – | 81 | 74 | 65 | 81 |
| Fixed assets | – | 1 | 1 | 1 | 1 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 38 | 34 | 46 | 34 |
| Receivables | – | 3 | 3 | 3 | 3 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 1 | 0 | 0 | 0 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -4 | 1 | 2 | 0 | -0 |
| Cash from investing | 5 | 1 | 4 | -0 | 0 |
| Cash from financing | -1 | -2 | -6 | -0 | 0 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | -4 | 1 | 2 | 0 | -0 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 27.6% | 21.0% | -1.5% | 0.4% |
| ROCE % | – | -1.7% | 19.2% | -1.2% | 0.7% |
| Debtor days | – | 8,504 | 6,427 | 7,031 | 1,032 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 7,194 | 5,262 | 4,217 | 7,789 |
| Cash conversion cycle (days) | – | 1,310 | 1,165 | 2,814 | -6,757 |
| Working capital days | – | -58,507 | 16,966 | 9,136 | 627 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 51.42% |
| DIIs | 0.00% |
| Public (non-institutions) | 48.58% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 51.42% | 51.42% | 51.42% | 51.42% | 51.42% | 51.42% | 51.42% | 51.42% |
| Promoter group | % |
|---|---|
| Mahanti Engineers (P) Ltd. | 15.33% |
| Sun Kissed Merchandise Pvt Ltd. | 14.50% |
| Keleenworth Marketing Pvt. Ltd. | 12.52% |
| Prashant Mehra | 2.65% |
| Ramesh Kumar Mehra | 2.42% |
| Rahul Mehra | 1.13% |
| Mohini Mehra | 0.45% |
| Pranav Mehra | 0.39% |
| Kartik Mehra | 0.32% |
| Anuradha Mehra | 0.28% |
| Neeru Mehra | 0.26% |
| Baijnath Mehra Huf | 0.21% |
| Raghav Mehra | 0.21% |
| Karan Mehra | 0.18% |
| Mahesh Mehra | 0.14% |
| Public holders above 1% | % |
|---|---|
| Trilok Advisory Pvt. Ltd. | 2.33% |
| Keynesian Financial Services Limited | 2.10% |
| Ketan Damodhar Baheti | 2.00% |
| Dimension Holdings Private Limited | 1.70% |
| Jagrutiben Vikramkumar Shah | 1.07% |
| Krishna Kumar Dharamshi Somaiya | 1.02% |
12,127 shareholders. Pledged: 0.00% of promoter shares.
Peers in Hotels & Resorts
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDHOTEL | ₹1,13,231 cr | 51.2x | 8.3x | 17.5% | 24.3% | 35.5% | +18.6% | 0.30% |
| ITCHOTELS | ₹34,226 cr | 39.5x | 2.9x | 7.7% | 10.1% | 32.7% | – | – |
| THELEELA | ₹19,468 cr | 31.3x | 3.0x | 5.0% | 9.1% | 48.6% | – | – |
| EIHOTEL | ₹18,060 cr | 25.4x | 3.4x | 14.4% | 19.7% | 33.4% | +13.3% | 0.58% |
| CHALET | ₹17,484 cr | 33.1x | 4.7x | 15.7% | 14.2% | 44.1% | +34.9% | 0.12% |
| VENTIVE | ₹12,654 cr | 26.4x | 2.3x | 9.9% | 12.4% | 42.9% | – | – |
| LEMONTREE | ₹8,721 cr | 37.1x | 6.3x | 18.4% | 15.8% | 45.3% | +18.2% | – |
| ITDC | ₹5,174 cr | 63.1x | 12.2x | 21.3% | 27.2% | 16.9% | +4.8% | 0.48% |
| JUNIPER | ₹4,474 cr | 27.0x | 1.6x | 5.9% | 8.6% | 37.4% | – | – |
| KAUSHALYA | ₹28 cr | – | 0.4x | -0.8% | -0.3% | -31.2% | +93.3% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Construction | ₹1 cr | 83.4% | ₹-1 cr | -77.9% |
| Hotel | ₹0 cr | 16.6% | ₹0 cr | 0.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-20 | Other | Annual General Meeting |
| 2023-09-18 | Other | Annual General Meeting |
| 2022-09-20 | Other | Annual General Meeting |
| 2021-09-16 | Other | Annual General Meeting |
| 2020-09-18 | Other | Annual General Meeting |
| 2019-09-20 | Other | Annual General Meeting |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-09-01 | Other | Annual General Meeting |
| 2016-09-14 | Other | Annual General Meeting |
| 2015-09-23 | Other | Annual General Meeting (Book Closure Start Date Revised) |
| 2014-09-25 | Other | Annual General Meeting |
| 2013-09-19 | Other | Annual General Meeting |
| 2012-12-13 | Other | Annual General Meeting |
| 2011-09-21 | Other | Annual General Meeting |
| 2010-09-20 | Other | Annual General Meeting |
| 2009-09-11 | Other | Annual General Meeting |
| 2008-09-17 | Other | Annual General Meeting |
| Other | Consolidation Of Equity Shares From Rs 10 Per Share To Rs 1000 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Hotels & Resorts |
| Sub-industry | Hotels & Resorts |
| Symbol | KAUSHALYA |
| BSE code | 532925 |
| ISIN | INE234I01028 |
| Face value | ₹1000.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.