---
title: "India Green Reality Ltd (540152) — Share Price, Financials & Analysis"
symbol: "540152"
company: "India Green Reality Ltd"
canonical: "https://tapetide.com/stocks/540152"
isin: "INE373V01019"
bse_code: "540152"
sector: "Consumer Discretionary"
industry: "Realty"
generated_at: "2026-09-13T18:21:47.074Z"
---

# India Green Reality Ltd (540152)

Canonical page: https://tapetide.com/stocks/540152

## Company

- **BSE Code:** 540152
- **ISIN:** INE373V01019
- **Sector:** Consumer Discretionary
- **Industry:** Realty
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2016-10-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** indiagreenreality.com

## About

India Green Reality is engaged in the Business of Real Estate Activities.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.25 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -43.3% over past five years.
- Company has a low return on equity of -0.10% over last 3 years.
- Company has high debtors of 1,036 days.
- Working capital days have increased from 2,018 days to 3,915 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 78% | — | — |
| revenue growth | -87% | -10% | -43% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 510 | 530 | 574 | 512 | 741 | 671 | 699 | 728 | 695 | 693 | 773 | 775 |
| Expenses | 444 | 471 | 513 | 456 | 664 | 605 | 641 | 665 | 636 | 638 | 705 | 714 |
| Operating Profit | 66 | 58 | 61 | 56 | 77 | 66 | 58 | 63 | 59 | 55 | 69 | 61 |
| OPM % | 13 | 11 | 11 | 11 | 10 | 10 | 8 | 9 | 9 | 8 | 9 | 8 |
| Other Income | 3 | 5 | 4 | 2 | 5 | 2 | 3 | 4 | 4 | 4 | 3 | 3 |
| Interest | 4 | 4 | 4 | 4 | 5 | 4 | 6 | 4 | 5 | 3 | 3 | 2 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 |
| Profit before tax | 63 | 57 | 58 | 52 | 74 | 61 | 53 | 59 | 55 | 53 | 65 | 58 |
| Tax % | 19 | 19 | 20 | 20 | 17 | 18 | 16 | 18 | 20 | 19 | 18 | 21 |
| Net Profit | 51 | 46 | 47 | 41 | 61 | 50 | 44 | 48 | 44 | 43 | 53 | 46 |
| EPS in Rs | 8.4 | 7.59 | 7.76 | 6.84 | 10.08 | 8.29 | 7.29 | 8.02 | 7.32 | 7.05 | 8.76 | 7.57 |

### Profit & Loss

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

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 13.68 | 1.58 | 0.53 | 0.57 | 39.37 | 6.12 | 3.19 | 5.43 | 17.98 | 2.3 |
| Expenses | 12.57 | 1.29 | 0.42 | 0.98 | 37.54 | 5.34 | 2.25 | 5.55 | 16.25 | 1.27 |
| Operating Profit | 1.11 | 0.29 | 0.11 | -0.41 | 1.83 | 0.78 | 0.94 | -0.12 | 1.73 | 1.03 |
| OPM % | 8.11 | 18.35 | 20.75 | -71.93 | 4.65 | 12.75 | 29.47 | -2.21 | 9.62 | 44.78 |
| Other Income | 0.02 | 0.12 | 0.42 | 0.86 | 2 | 1.43 | 1.98 | 1.06 | 0.02 | 0 |
| Interest | 0.02 | 0.09 | 0.04 | 0.11 | 0.05 | 0.4 | 0.95 | 0.72 | 1.44 | 0.82 |
| Depreciation | 0.08 | 0.21 | 0.26 | 0.43 | 0.33 | 0.32 | 0.37 | 0.19 | 0.4 | 0.23 |
| Profit before tax | 1.03 | 0.11 | 0.23 | -0.09 | 3.45 | 1.49 | 1.6 | 0.03 | -0.09 | -0.02 |
| Tax % | 33.98 | 36.36 | 34.78 | -11.11 | 18.84 | 10.07 | 12.5 | 0 | 0 | 0 |
| Net Profit | 0.69 | 0.08 | 0.15 | -0.08 | 2.8 | 1.35 | 1.4 | 0.03 | -0.09 | -0.02 |
| EPS in Rs | 11.31 | 1.31 | 2.46 | -0.4 | 14 | 1.06 | 1.1 | 0.02 | -0.07 | -0.02 |
| Dividend Payout % | 4.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.61 | 0.61 | 0.61 | 2 | 2 | 12.71 | 12.71 | 12.71 | 12.71 | — |
| Reserves | 1.21 | 1.29 | 1.45 | 1.37 | 4.05 | 13.84 | 14.13 | 14.16 | 14.07 | — |
| Borrowings | 5.21 | 5.19 | 6.39 | 6.89 | 8.3 | 10.8 | 16.89 | 15.1 | 10.1 | — |
| Other Liabilities | 43.22 | 68.51 | 89.38 | 116.98 | 96.31 | 110.75 | 114.3 | 120.32 | 109.32 | — |
| Total Liabilities | 50.25 | 75.6 | 97.83 | 127.24 | 110.66 | 148.1 | 158.03 | 162.29 | 146.2 | — |
| Fixed Assets | 0.64 | 1.44 | 1.83 | 1.58 | 1.4 | 1.52 | 1.17 | 0.98 | 0.78 | — |
| CWIP | 0 | 0 | 1.04 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 0.87 | — |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Other Assets | 49.61 | 74.16 | 94.96 | 124.59 | 108.19 | 145.51 | 155.79 | 160.24 | 144.55 | — |
| Total Assets | 50.25 | 75.6 | 97.83 | 127.24 | 110.66 | 148.1 | 158.03 | 162.29 | 146.2 | — |

### Cash Flow

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

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -35.99 | -18.09 | -24.74 | -28.7 | -1.34 | -19.69 | -0.04 | 13.02 | 0 | — |
| Cash from Investing Activity | -0.48 | -1.01 | -1.69 | -0.22 | -0.17 | -0.44 | 0.01 | 0 | 0 | — |
| Cash from Financing Activity | 36.73 | 19.8 | 25.72 | 30.79 | 0.26 | 19.49 | 0 | -12.88 | 0 | — |
| Net Cash Flow | 0.26 | 0.71 | -0.71 | 1.87 | -1.25 | -0.64 | -0.03 | 0.15 | 0 | — |
| Free Cash Flow | -36.47 | -19.1 | -26.44 | -28.92 | -1.51 | -20.13 | -0.03 | 13.02 | 0 | — |
| CFO/OP | -3216 | -6100 | -22436 | 6985 | -38 | -2505 | -4 | -10850 | 0 | — |

### Ratios

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 383.94 | 2892.28 | 8835.75 | 8183.68 | 164.93 | 187.27 | 662.49 | 418.1 | 132.56 | — |
| Inventory Days | — | — | — | — | 1522.58 | — | — | — | 2557.01 | — |
| Days Payable | — | — | — | — | 154.51 | — | — | — | 290.29 | — |
| Cash Conversion Cycle | 383.94 | 2892.28 | 8835.75 | 8183.68 | 1532.99 | 187.27 | 662.49 | 418.1 | 2399.28 | — |
| Working Capital Days | 986.41 | 12828.13 | -1060.57 | -1203.86 | 20.86 | 1408.11 | 2779.26 | 1637.46 | 500.81 | — |
| ROCE % | 27.63 | 2.83 | 3.47 | 0.21 | 28.44 | 7.31 | 6.29 | 1.75 | 3.42 | — |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.28% | 59.32% | 59.32% | 59.32% | 59.32% | 59.32% |
| Public | 38.72% | 40.68% | 40.68% | 40.68% | 40.68% | 40.68% |
| No. of Shareholders | 87 | 89 | 89 | 89 | 89 | 89 |

### Quarterly

| Category | Sep 2016 | Mar 2017 | Sep 2017 | Mar 2018 | Sep 2018 | Mar 2019 | Sep 2019 | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 84.21% | 61.28% | 64.12% | 59.32% | 59.32% | 59.32% | 59.32% | 59.32% | 59.32% | 59.32% | 59.32% | 59.32% |
| Public | 15.79% | 38.72% | 35.88% | 40.68% | 40.68% | 40.68% | 40.68% | 40.68% | 40.68% | 40.68% | 40.68% | 40.68% |
| No. of Shareholders | 22 | 87 | 78 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 6 / 7

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 5.21 | Buy |
| EMA (10) | 5.22 | Buy |
| SMA (20) | 4.93 | Buy |
| EMA (20) | 5.2 | Buy |
| SMA (50) | 5.52 | Sell |
| EMA (50) | 6.01 | Sell |
| SMA (100) | 7.78 | Sell |
| EMA (100) | 8.98 | Sell |
| SMA (200) | 17.64 | Sell |
| EMA (200) | 17.05 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.88 | Neutral |
| MACD (12,26,9) | -0.08 | Buy |
| Stochastic (14,3,3) | 89.86 | Sell |
| ADX (14) | 19.97 | Neutral |
| Williams %R (14) | -23.19 | Neutral |
| ATR (14) | 0.2 | High Volatility |
| ROC (12) | 19.09 | Buy |
| Stoch RSI (14) | 78.13 | Neutral |
| UO (7,14,28) | 56.11 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jan - Confirmation certificate under Regulation 74(5) for quarter ended 31 December 2025 regarding dematerialisation records. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jan - Confirmation certificate under Regulation 74(5) for quarter ended 31 December 2025 regarding dematerialisation records.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7e21b321-2e3a-44c4-849b-ae94a6564aa6.pdf) |
| 28 Jan - Board meeting on Feb 10, 2026 to consider unaudited Q3/9M results ended Dec 31, 2025. | [Board Meeting Intimation for Approval Of The Standalone And Consolidated Un-Audited Financial Results Of The Company For The Quarter/ Nine Months Ended December 31, 2025. 28 Jan - Board meeting on Feb 10, 2026 to consider unaudited Q3/9M results ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/468d718b-566f-4572-bba3-b6ec9c3f9723.pdf) |
| 2 Jan - Company says all disclosures made; volume increase market-driven; no undisclosed price-sensitive information. | [Clarification To The E-Mail Received By BSE Regarding Increase In Volume 2 Jan - Company says all disclosures made; volume increase market-driven; no undisclosed price-sensitive information.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb295806-9cf3-4f0b-b919-4e6c5b5e460c.pdf) |
| 10 Feb - Board approved unaudited consolidated and standalone Q3/9M results ended 31 Dec 2025; limited review attached. | [Board Meeting Outcome for Outcome Of Board Meeting 10 Feb - Board approved unaudited consolidated and standalone Q3/9M results ended 31 Dec 2025; limited review attached.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0a0445fb-2e8f-4b69-9481-a7947c1f5f23.pdf) |
| — | [Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011 17 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/02B1A443_4259_4D7A_8993_F16C3BDFD610_132553.pdf) |
| — | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 3 Apr 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0BB0980E_E57D_423C_8806_2EED213934A5_084150.pdf) |
| — | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2 Apr 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1EDA8D74_2EE5_4175_BE58_38A6CDE1B03F_173620.pdf) |
| — | [Closure of Trading Window 28 Jun 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7095284-337f-4377-9f08-c0081d106516.pdf) |
| — | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c1a596c-5141-4c0b-a1db-97d27a38030d.pdf) |
| — | [Disclosures under Reg. 10(7) of SEBI (SAST) Regulations, 2011 14h](https://www.bseindia.com/xml-data/corpfiling/AttachLive/728EFD4C_9204_4BC6_B255_EDC30C60824C_131845.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2025-04-03 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0BB0980E_E57D_423C_8806_2EED213934A5_084150.pdf) |
| 2025-04-02 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1EDA8D74_2EE5_4175_BE58_38A6CDE1B03F_173620.pdf) |
| 2022-06-28 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7095284-337f-4377-9f08-c0081d106516.pdf) |
| 2022-04-29 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c1a596c-5141-4c0b-a1db-97d27a38030d.pdf) |
| 2022-03-31 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b2f678a-fe69-4468-a087-8e06c58321b0.pdf) |
| 2021-11-13 | [Submission Of Un-Audited Financial Results For The Half Year Ended On 30Th September, 2021 Pursuant To Regulation 33 Of SEBI (Listing Obligations And Disclosure Requirements) Regulation, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=634f2b23-fa6b-4c88-852d-d04cc23e9e7e.pdf) |
| 2021-11-02 | [Board Meeting Intimation for Board Meeting To Consider The Un-Audited Financial Results Of The Company For The Half Year Ended 30Th September 2021.<BR> <BR>](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=06b2fe45-b432-43a4-92df-dc046e99c7ec.pdf) |
| 2021-09-29 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=82ed0e5d-e98d-4cf0-a47c-339d509bea5d.pdf) |
| 2021-07-19 | [Format of Initial Disclosure to be made by an entity identified as a Large Corporate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3e7bf931-19d9-49c6-9505-f7a77e758bfc.pdf) |
| 2021-06-24 | [Board Meeting Intimation for To Consider The Audited Financial Results Of The Company For The Financial Year Ended On 31St March 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02191868-f9d1-489b-aa7d-9530da3db84c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1004_PANAMAPET_2012_2013_16082013114341.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6b0d77aa-022c-40cf-a4bb-c7b819609ded.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/47d1ab76-9fe5-4967-801f-654582ca7fa0.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f36195c3-716a-4eec-9936-9b17ec3e755a.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/524820/74186524820.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/524820/69390524820.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/524820/5248200320.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/540152/67920540152.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/524820/5248200319.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/540152/5401520319.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe87852e-bee0-4677-872d-e6cf6e2b2e77.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/043da900-4cd9-48ee-b8e8-354474724279.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6fa16aa0-451c-451f-ade7-5ec90a548ba8.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/09e87460-0f0e-44d4-a458-5a05dfdbb27d.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/07e83651-7fa3-41d9-a388-18bc0bd7a428.pdf) |
| Jun 2023 | [Concall - Jun 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/907f3aad-42df-4b4d-8994-3d42bfca4419.pdf) |
| Jun 2022 | [Concall - Jun 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/619280ce-1bf8-402f-8fed-85ea7d5ecd07.pdf) |
| Feb 2023 | [Concall - Feb 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/606319fd-0142-41c7-929a-c8ebc6d23128.pdf) |
| Feb 2022 | [Concall - Feb 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4c367239-ff73-4c72-b2a7-8994c29a9034.pdf) |
| Aug 2022 | [Concall - Aug 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c401f7a7-3818-40c7-bd55-efd902a7442a.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 2026-09-13T18:21:47.074Z.