Annual report
Annual Report 2026
Source: Nse
Pansari Developers Limited (PANSARI)
Small CapReal Estate stocks · Small cap · NSE
Pansari Developers Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:17 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens
Trend score and candlestick chart
33Bearishfull bear SMA stack · SMA20 -10.4% / mo · MACD + · near 52W low · sector -6.4pp vs Nifty 500 (3M)
Stock trend: 26
Sector RS: 44
Sector 3M: -12.0% vs Nifty 500 -5.6%
Real Estate FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
PANSARID candles · FIT view-15.6%Latest close ₹258.00 on 2026-10-19
Bar
+2.0%
RSI
41
MACD hist
0.15
52W pos
16%
2026-10-19O ₹253.00H ₹258.00L ₹250.00C ₹258.00Vol 76 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
PANSARINifty RealtyNifty 500
- PANSARI
- -27.7%
- Nifty 500
- -5.6%
- Nifty Realty
- -11.0%
- Vs Nifty 500
- -22.1 pp
Chart stats
19 Oct 2026- From 52W high
- -33.7%
- 52W range position
- 16%
- ATR (14)
- 6.0%
- Volume vs 20D
- 0.15x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹250 - ₹291.9
₹388.9
₹233.3 - ₹388.9
₹15.5
Latest completed session
20-session average
51.5% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED20
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -17.4% · PAT -3.9% YoY
Technical
Bearish33
Price trend and sector-relative-strength timing.
Valuation
Legacy model-108.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence66
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -17% YoY · PAT -4% YoY · margin compression · +8% QoQ · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹14.7 Cr | -17.4% | +7.9% |
| EBITDA | ₹3.8 Cr | -32.6% | +1251.5% |
| Operating margin | 25.9% | -585 bps | +2837 bps |
| PAT | ₹4 Cr | -3.9% | -51.8% |
| PAT margin | 27.2% | +383 bps | -3358 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 22.50
- P/B
- 2.87
- EV/EBITDA
- 36.27
- Market Cap
- 444.00Cr
Profitability
- ROE
- 3.16%
- ROCE
- 7.18%
- ROA
- 4.13%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 21.00%
- EPS 5Y
- 4.00%
- Revenue 3Y
- 61.00%
- EPS 3Y
- 33.00%
Balance Sheet
- Debt/Equity
- 0.65
- Interest Coverage
- 3.25×
- Altman Z
- 1.60
- Book Value
- 88.40
Cash Flow
- FCF Yield
- 1.35%
- FCF Positive Y
- 5/5
- OCF
- -9.00 Cr
- EPS TTM
- 11.31
Shareholding
- Promoter Hold
- 73.88%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 13%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 94.0+135.0% vs prev
Net Profit
₹ CrLatest: 18.0+125.0% vs prev
Return on Equity
%Latest: 11.7+95.8% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 41.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- Recent death cross (SMA50 crossed below SMA200).
- SMA20 falling (~11.6% over last month) — short-term momentum negative.
- RSI(14) at 41 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 34% off 52W high · 11% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
53
RS percentile
Stage 4 Downtrend
1M return
-9.5%
3M return
-27.7%
6M return
-6.2%
1Y return
+1.8%
RS 1D
+9
RS 20D
-4
Sector rank
#18
Industry rank
#71
Stage evidence
- Price is 13.1% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.0%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
259 observations
19 Oct 2026Value 97.56+3.03%
RS vs Nifty 50098
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation1/30
Growth11/25
Quality0/20
Balance Sheet3/15
Cash Flow4/10
Piotroski
6/9 (+3)
Penalties
-2
Raw sum
20
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
20/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 11/25 to the score.
- Cash flow contributes 4/10 to the score.
- Balance sheet contributes 3/15 to the score.
Main drags
- Altman Z is 1.6, in distress territory.
- Penalty bucket subtracts 2 points.
- Fair-value margin of safety is negative at -108.9%.
Sector valuation model
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
22.5
PB
2.9
EV/EBITDA
36.3
ROE
3.2%
ROCE
7.2%
FCF Yield
1.4%
Debt/Equity
0.7
MoS
-108.9%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
20
Previous: 20
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-108.9%
Previous: -108.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
20
20
20
20
20
20
20
20
20
20
20
20
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹149.99
-72.0% MoS
Growth-justified P/E
10.9
Growth-justified Value
₹123.51
-108.9% MoS
PEG
3.52
Comparable companies
Peers
Business-comparable peers in Real Estate — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
PARSVNATH
Small
Parsvnath Developers Limited
Real Estate
match 167
10
—
—
—
OVERVALUED
SHRIKRISH
Small
Shri Krishna Devcon Limited
Real Estate
match 167
9
23.5
5.1%
-85%
OVERVALUED
TICL
Small
Twamev Construction and Infrastructure Limited
Real Estate
match 167
40
18.0
2.3%
+48%
WATCHLIST
THAKDEV
Small
Thakkers Developers Limited
Real Estate
match 167
40
8.9
3.3%
-196%
WATCHLIST
PENINLAND
Small
Peninsula Land Limited
Real Estate
match 167
17
—
-16.0%
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Pansari Developers Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
66Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 49th percentile of the scored universe and 76th percentile within Real Estate. Main check: balance sheet trust is weak at 47/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
49th percentile
overall median 67 · Real Estate: 76th pctile, median 61 · Small: 54th pctile, median 66
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
62
acceptable · profit to cash conversion
Balance sheet
47
watch · leverage and solvency
Discipline
76
strong · capital discipline
Results
57
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 73.9%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.2%.
- ▸5 years of positive FCF.
Trust risks
- ▸Operating cash flow is negative at ₹-9 Cr.
- ▸Altman Z is 1.74.
- ▸OPM spread across recent quarters is 38.6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Pansari Developers Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Annual report · Pansari Developers Limited has informed the Exchange regarding 'The Company has completed the dispatch of notice and annual report vide electronic mode. Further, it has also comple
Source: Nse
Annual report
Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.