Omaxe financials and balance sheet

NSE: OMAXEBSE: 532880RealtySmall Cap

₹98.73₹7.04 (6.66%)BSE ₹98.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹105.77.

52-week range of traded prices to 23 Oct 2026

₹62.50Low, 9 Dec 2025₹138.89High, 4 Sep 2026

Next results date: the board meets on 27 Oct 2026 to consider: financial results and other business matters.

Market cap: ₹1,806 Cr1,312th largest listed
P/E: Lossover the last 12 months
P/B: Net worth zero or below
Dividend yield: Nonein the last 12 months
ROE: Net worth zero or below
ROCE: −104.0%
Debt to equity: Net worth zero or below
Volume, NSE: 4,48,60044.2% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Omaxe annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

Peak revenue ₹1,839 Cr, year to Mar 2018A loss in 7 of the 10 years shown

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue1,253
Materials and goods−1,762
Employee costs−25
Other expenses−163
Operating profit−696
Depreciation−35
Other income+86
One-off items0.0
Finance costs−255
Profit before tax−899
Tax+202
Joint ventures0.0
Net profit−697

What the company owns

Inventory₹12,316 Cr
Plant, investments and other assets₹3,034 Cr
Cash and bank₹909 Cr
Receivables₹263 Cr

What pays for it: net worth and liabilities

Other liabilities₹13,704 Cr
Borrowings₹1,425 Cr
Owed to suppliers₹1,393 Cr

Profit and loss

Consolidated, ₹ crore, years to March.Omaxe quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 28 May	Mar 2020Filed 30 Jul	Mar 2021Filed 30 Jun	Mar 2022Filed 11 Jun	Mar 2023Filed 26 May	Mar 2024Filed 19 Jul	Mar 2025Filed 16 Jun	Mar 2026Filed 15 May
Revenue from operations	1,627	1,839	1,167	1,121	476	618	773	1,614	1,561	1,253
	1,343	1,579	1,038	930	594	665	1,077	1,958	2,169	1,949
Materials and goods bought	1,184	1,412	878	786	473	558	866	1,789	2,011	1,762
Employee costs	56	57	67	57	34	40	39	35	24	25
Other expenses	103	109	94	88	87	67	171	134	134	163
Operating profit before depreciation	284	260	128	191	−119	−47	−303	−343	−608	−696
Operating margin	17.4%	14.1%	11.0%	17.0%	−25.0%	−7.6%	−39.2%	−21.3%	−38.9%	−55.5%
Materials, % of revenue	72.8%	76.8%	75.3%	70.1%	99.5%	90.3%	112.0%	110.9%	128.8%	140.6%
Employee costs, % of revenue	3.4%	3.1%	5.7%	5.1%	7.1%	6.5%	5.1%	2.1%	1.5%	2.0%
Other expenses, % of revenue	6.3%	5.9%	8.1%	7.8%	18.4%	10.8%	22.1%	8.3%	8.6%	13.0%
Depreciation and amortisation	9	9	9	73	63	47	65	54	37	35
Operating profit after depreciation	275	251	119	118	−182	−93	−369	−398	−644	−730
Other income	59	59	34	34	39	20	25	21	76	86
Finance costs	155	169	74	108	161	121	113	130	195	255
One-off items	0	0	0	0	0	0	0	0	0	0
Profit before tax	179	141	79	44	−305	−194	−457	−507	−764	−899
	74	56	30	141	−69	−33	−106	−101	−79	−202
Current tax	–	–	2	14	2	4	3	4	3	4
Deferred tax	–	–	27	128	−71	−37	−108	−105	−81	−206
Share of profit of joint ventures and associates	–	–	–	–	–	0	–	0	0	0
	105	85	49	−97	−235	−162	−351	−406	−685	−697
Belonging to the company's shareholders	105	85	49	−97	−235	−160	−348	−403	−686	−697
Belonging to outside owners of subsidiaries	–	–	0	0	0	−2	−3	−3	1	0
Other comprehensive income	–	–	0	0	1	0	1	0	0	0
Total comprehensive income	–	–	49	−97	−234	−162	−350	−406	−685	−696
Net margin	6.5%	4.6%	4.2%	−8.7%	−49.4%	−26.2%	−45.4%	−25.1%	−43.9%	−55.6%
Net margin without joint ventures and associates	–	–	–	–	–	−26.2%	–	−25.2%	−43.9%	−55.6%

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 28 May	Mar 2020Filed 30 Jul	Mar 2021Filed 30 Jun	Mar 2022Filed 11 Jun	Mar 2023Filed 26 May	Mar 2024Filed 19 Jul	Mar 2025Filed 16 Jun	Mar 2026Filed 15 May
	1,756	1,656	1,422	1,260	910	489	−196	−893
	1,740	1,639	1,405	1,245	898	480	−205	−902
Share capital	183	183	183	183	183	183	183	183
Reserves	1,558	1,456	1,222	1,062	715	298	−388	−1,084
Belonging to outside owners of subsidiaries	16	17	17	15	12	9	9	9
	1,314	1,260	1,027	1,008	1,022	729	744	1,425
Repayable after a year	1,154	1,053	869	517	762	498	499	1,267
Repayable within a year	160	206	158	491	260	231	244	158
	7,677	7,601	8,427	9,716	11,473	12,194	13,945	15,666
Trade payables	1,387	1,222	1,076	1,003	1,194	1,138	1,330	1,393
Other financial liabilities	1,243	1,183	1,427	1,069	1,146	1,254	1,026	1,158
Other liabilities	4,881	4,988	5,764	7,147	8,869	9,566	11,340	12,950
Provisions	5	2	1	3	3	3	4	4
Tax owed	1	1	1	3	1	3	1	3
	1,327	1,292	1,193	942	1,177	1,139	1,120	1,749
Other financial liabilities	95	87	260	231	170	489	280	160
Other liabilities	7	5	–	4	4	11	17	18
Provisions	17	17	17	18	19	22	27	29
Trade payables	55	129	47	172	222	120	297	275
Liabilities going with businesses held for sale	–	–	–	–	–	–	8	–
	10,760	10,549	11,042	11,918	13,560	13,822	14,877	16,522
Held for sale or for a demerger	–	–	–	–	–	–	14	–
	1,140	1,183	1,153	1,183	1,263	1,364	1,618	1,388
Plant in use, after depreciation	525	509	495	490	486	476	481	60
Intangible assets	0	0	0	0	47	41	46	34
Goodwill	73	73	58	58	49	48	79	76
Property held to earn rent	0	166	118	80	–	–	–	–
Investments	12	12	12	13	14	29	21	18
Loans given	11	24	14	0	0	0	0	0
Other financial assets	33	37	35	65	228	228	370	149
Deferred tax	350	210	280	317	425	531	612	818
Other assets	136	152	140	161	13	11	9	234
	9,620	9,366	9,889	10,735	12,298	12,458	13,246	15,134
Inventories	8,411	8,235	8,593	9,267	10,430	10,509	10,998	12,316
Trade receivables	352	342	388	384	0	358	310	263
Cash and cash equivalents	72	34	106	127	192	190	301	490
Other bank balances	171	169	169	175	301	350	443	419
Current investments	0	0	0	0	385	0	0	0
Loans given	107	44	53	19	0	26	18	0
Other financial assets	152	208	211	246	246	259	351	496
Other assets	356	333	371	518	743	767	825	1,150
Net debt	1,070	1,057	753	707	144	189	0	516

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 30 Jun	Mar 2022Filed 11 Jun	Mar 2023Filed 26 May	Mar 2024Filed 19 Jul	Mar 2025Filed 16 Jun	Mar 2026Filed 15 May
	565	783	469	987	1,007	212
	555	794	451	996	1,057	264
	344	574	360	1,313	1,644	922
Receivables	−46	3	−11	20	37	39
Inventories	−358	−675	−1,163	320	172	−275
Payables	−228	1,398	240	−158	130	41
Other working capital	976	−152	1,292	1,130	1,306	1,117
Tax paid	10	−11	18	−9	−51	−52
Capital spending	7	17	17	17	24	30
Free cash flow	558	766	452	970	983	182
	23	−22	−142	−64	−126	60
Plant and property sold	11	16	9	15	16	4
Interest received	27	11	13	16	29	43
	−517	−740	−262	−924	−770	−82
Borrowings raised	170	71	550	619	332	1,154
Borrowings repaid	−347	−482	−548	−927	−358	−491
Interest paid	−260	−308	−198	−551	−684	−710
Lease payments	−79	−22	−66	−65	−60	−35
Dividends paid	0	0	0	0	0	0
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	72	21	65	−1	111	189

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Omaxe dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 28 May	Mar 2020Filed 30 Jul	Mar 2021Filed 30 Jun	Mar 2022Filed 11 Jun	Mar 2023Filed 26 May	Mar 2024Filed 19 Jul	Mar 2025Filed 16 Jun	Mar 2026Filed 15 May
Earnings per share	₹5.57	₹4.59	₹2.68	−₹5.32	−₹12.86	−₹8.72	−₹19.02	−₹22.01	−₹37.51	−₹38.10
Diluted earnings per share	₹5.57	₹4.59	₹2.68	−₹5.32	−₹12.86	−₹8.72	−₹19.02	−₹22.01	−₹37.51	−₹38.10
Dividend per share	₹0.70	₹0.70	₹0.70	–	–	–	–	–	–	–
Book value per share	–	–	₹95.16	₹89.59	₹76.80	₹68.07	₹49.11	₹26.27	−₹11.22	−₹49.29
Dividend payout	12.2%	15.0%	26.1%	–	–	–	–	–	–	–
Shareholder yield	–	–	–	–	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Market cap at the year end (₹ crore)	3,088	4,034	3,771	2,793	1,242	1,462	909	1,656	1,430	1,193

Ratios

Consolidated, years to March.Omaxe PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 28 May	Mar 2020Filed 30 Jul	Mar 2021Filed 30 Jun	Mar 2022Filed 11 Jun	Mar 2023Filed 26 May	Mar 2024Filed 19 Jul	Mar 2025Filed 16 Jun	Mar 2026Filed 15 May
Revenue growth	−2.5%	13.1%	−36.6%	−3.9%	−57.6%	29.9%	25.2%	108.7%	−3.3%	−19.7%
Operating profit growth	14.3%	−8.3%	−50.7%	49.1%	–	–	–	–	–	–
Net profit growth	34.4%	−19.1%	−42.9%	–	–	–	–	–	–	–
Earnings per share growth	–	−17.6%	−41.6%	–	–	–	–	–	–	–
	–	–	2.8%	−5.8%	−15.5%	−12.0%	−32.5%	−58.4%	−498.4%	125.9%
	–	–	–	−8.6 pts	−9.7 pts	3.4 pts	−20.4 pts	−25.9 pts	−440.0 pts	624.3 pts
From the net margin	–	–	–	−8.6 pts	−27.1 pts	7.4 pts	−8.9 pts	14.5 pts	−44.5 pts	−132.1 pts
From asset turnover	–	–	–	0.2 pts	19.1 pts	−1.8 pts	−2.7 pts	−17.0 pts	8.0 pts	167.8 pts
From borrowing	–	–	–	−0.1 pts	−1.7 pts	−2.2 pts	−8.8 pts	−23.4 pts	−403.4 pts	588.7 pts
Return on capital employed	–	–	3.9%	4.1%	−7.4%	−4.1%	−19.1%	−32.6%	−117.7%	−137.1%
Interest cover	1.8	1.5	1.6	1.1	–	–	–	–	–	–
Debt to equity	–	–	0.75	0.76	0.72	0.80	1.12	1.49	–	–
Receivable days	–	–	110	111	298	227	0	81	73	77
Inventory days	–	–	3,497	3,826	6,625	6,066	4,394	2,144	1,996	2,551
Payable days	–	–	577	568	830	657	503	232	241	289
Cash conversion cycle, days	–	–	3,031	3,369	6,093	5,637	3,892	1,992	1,827	2,340
Working capital days	–	–	582	576	1,032	714	97	−10	−280	−374
Asset turnover	–	–	0.11	0.11	0.04	0.05	0.06	0.12	0.11	0.08
Assets per rupee of net worth	–	–	6.18	6.31	7.09	8.67	11.89	19.86	104.26	−28.37
Sales per rupee of plant	–	–	2.22	2.20	0.96	1.26	1.59	3.39	3.25	20.94
Capital spending to depreciation	–	–	–	–	0.12	0.37	0.26	0.31	0.66	0.86
Plant being built, % of plant in use	–	–	0.0%	–	0.0%	–	–	–	–	–

Interest cover is left blank for the years to Mar 2021, Mar 2022, Mar 2023, Mar 2024, Mar 2025 and Mar 2026: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the years to Mar 2025 and Mar 2026: net worth is below zero, so there is no shareholders' money to set the borrowings against. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: −4.4%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	−2.8%	21.4%	17.5%
Return on equity, average	–	−95.1%	−143.6%
Return on capital employed, average	–	−62.1%	−95.8%
Operating margin, average	−12.8%	−32.5%	−38.6%
Net margin, average	−23.9%	−39.2%	−41.5%
Asset turnover, average	–	0.08	0.10
Cash conversion cycle, days, average	–	3,138	2,053

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	3,458	2,205	212
Cash from investing	−294	−130	60
Cash from financing	−2,779	−1,777	−82
Capital spending	104	70	30
Dividends paid	0	0	0
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	2,726	2,104	1,154
Borrowings repaid	2,805	1,775	491

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	4	7	4	6	4	5
Altman Z-scorePublished threshold 1.1	–	–	1.96	1.84	1.30	0.93	0.48	0.05	−0.66	−0.74
Beneish M-scorePublished threshold −1.78	–	–	–	–	30.32	−3.24	−4.56	–	−3.34	−3.19
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−7.63	−8.04	−5.32	−9.70	−10.92	−6.17
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	1.10	70.83	−30.76	−125.17	–	−9.95	4.66
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	8.40	44.09	−9.93	−42.82	−105.81	−7.72	24.37
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	3.05	8.36	29.47	29.27	2.22	9.62	37.48
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	–	0.00	–	–	–	–	–
Effective tax ratePublished threshold 17.16 per cent	41.24	39.46	38.07	319.48	–	–	–	–	–	–

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
12 Oct 2026	CARE Ratings Limited (opens in a new tab)	Non-fund-based - LT/ ST-BG/LCLong and short-term scales	CARE BB+ / CARE A4+Review, Re-affirm	Stable	28.56
12 Oct 2026	CARE Ratings Limited (opens in a new tab)	Non-fund-based - LT-Bank GuaranteeLong-term scale	CARE BB+Review, Re-affirm	Stable	35.61
12 Oct 2026	CARE Ratings Limited (opens in a new tab)	Fund-based - LT-Term LoanLong-term scale	CARE BB+Review, Re-affirm	Stable	16.64
6 Oct 2026	Infomerics Valuation and Ratings Private Limited (opens in a new tab)	Bank Loan Ratings	IVR BB+ & withdrawnReview, Other	Stable	77.34
18 Mar 2026	Acuite Ratings & Research Limited (opens in a new tab)	Bank Loan Ratings	ACUITE A3New, New		71.47
18 Mar 2026	Acuite Ratings & Research Limited (opens in a new tab)	Bank Loan Ratings	ACUITE BBB-New, New	Stable	8.53

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.