1. At a Glance
Once a quiet real estate firm lost in Mumbai’s crowd, Avishkar Infra just pulled a Bollywood plot twist: zero revenues for 2 years, suddenly ₹3.8 Cr PAT, 150% ROE, 42% ROCE, and a 120% stock rally. Is this a legitimate revival or Excel magic?
2. Introduction with Hook
Imagine a real estate company that looked like it went into hibernation, only to re-emerge like a phoenix with a ₹269 Cr market cap and… wait for it… ₹2 Cr sales. It’s like finding gold in a manhole cover.
- TTM Net Profit: ₹4.36 Cr
- ROE: 150.2% (yep, not a typo)
- Promoter Holding: Down from 74% to 34%
- Book Value: ₹6.44 vs CMP ₹120
- Debtor Days: 376 — basically an unpaid real estate EMI from 2023
Something’s cooking. Or someone’s booking.
3. Business Model (WTF Do They Even Do?)
Avishkar Infra, formerly Joy Realty, operates in Mumbai’s congested and competitive real estate scene. Their core segments:
- Residential Projects: Mid-sized apartment buildings
- Commercial Projects: Retail and office spaces
- JV Projects: Recent investments into Jigna Dev Corp & Surbhi Avishkar Buildcon
They do not build massive skyscrapers like Lodha or Oberoi. This is micro-developer territory — suburban plots, strategic tie-ups, and
