1. At a Glance
Market cap smaller than a decently funded wedding, but trading at 40x earnings because… why not? This investment-cum-real-estate minnow reported a Q1 FY26 profit of ₹0.37 crore. That’s right, less than your local builder’s GST bill.
2. Introduction with Hook
Imagine a company that makes more from lending and investing than actually doing anything tangible. Now shrink it to micro-cap size and sprinkle in some ancient history (incorporated 1965!). Welcome to 3P Land Holdings, where market value (₹84 crore) is less than its investment portfolio (₹132 crore). If value investing had a meme stock cousin, this would be it.
3. Business Model (WTF Do They Even Do?)
Basically, they:
- Lend money (probably at rates that would make your bank laugh).
- Invest in shares and mutual funds (with a style more conservative than your grandma’s FD strategy).
- Lease real estate (think renting out properties while praying for tenant upgrades).
It’s a glorified holding company with the excitement level of a tax-saving bond.
4. Financials Overview
Q1 FY26 numbers? Drumroll:
- Revenue: ₹0.91 crore
- Net Profit: ₹0.37 crore
- OPM: 54.9% (nice margin, because costs are almost non-existent)
- EPS: ₹0.21
Commentary: Margins tighter than a Mumbai parking spot last year, now looking okay only because expenses are basically peanuts.
5. Valuation
- P/E: 40.6x (who’s paying this?!)
- Book Value: ₹77.6 → stock trades at 0.6x BV
- Fair Value Range: ₹55–₹65 (based on “sum of parts” and “don’t overpay for a sleepy lender” logic).
If you think paying a premium for a company with single-digit ROE is smart, you also buy Maggi at airport prices.
6. What’s Cooking – News, Triggers, Drama
- No IPOs, no mergers, no soap opera.
- The only “spice” is its investments worth ₹132 crore — higher than its market cap.
- Promoters hold a solid 73.3% — they clearly believe in this sleepy ship.
Plot twists? None. It’s basically a daily soap where nothing happens for 300 episodes.
7. Balance Sheet
| (₹ Cr) | FY25 |
|---|---|
| Assets | 153.5 |
| Liabilities | 13.8 |
| Net Worth | 139.7 |
| Borrowings | 0 |
Key Take: Debt-free and sitting on investments like a squirrel with acorns.
8. Cash Flow – Sab Number Game Hai
| (₹ Cr) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Ops CF | 0.01 | 0.12 | 1.17 |
| Investing CF | 0.00 | 0.00 | -1.21 |
| Financing CF | 0.00 | 0.00 | 0.00 |
Looks like your freelancer friend — always working, never flush with cash.
9. Ratios – Sexy or Stressy?
| Ratio | Value |
|---|---|
| ROE | 1.74% |
| ROCE | 2.31% |
| D/E | 0.00 |
| P/E | 40.6x |
| PAT Margin | 40%+ |
Verdict: ROE so low it makes FDs look glamorous.
10. P&L Breakdown – Show Me the Money
| (₹ Cr) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 2.52 | 3.56 | 4.47 |
| EBITDA | 2.14 | 2.51 | 2.79 |
| PAT | 1.54 | 1.81 | 2.09 |
Analysis: Growth is there, but you need a magnifying glass.
11. Peer Comparison
| Company | P/E | ROE | MCAP (₹ Cr) |
|---|---|---|---|
| Jio Financial | 123.4 | 1.23% | 1,97,746 |
| Tata Inv. Corp | 107.3 | 1.02% | 33,512 |
| Mah. Scooters | 86.2 | 0.61% | 16,709 |
| 3P Land | 40.6 | 1.74% | 84 |
Least drunk guest at a wedding full of finance bros.
12. Miscellaneous – Shareholding, Promoters
- Promoters: 73.3%
- Public: 26.7%
- Stable, no dramatic pledges, no panic selling.
No FPOs, no M&A. Just a quiet life.
13. EduInvesting Verdict™
A micro-cap with hidden asset value, debt-free and steady — but with ROE so low it could pass for government savings schemes. A decent pit stop if you like underdogs, but don’t expect business class legroom.
Written by EduInvesting Team | 26 July 2025
Tags: 3P Land Holdings, Investment Company, Q1 FY26 Results, EduInvesting Premium
