Absolute Projects (India) Limited
vs. prev. close ₹84
52W High
₹84
52W Low
₹69.45
Market cap
₹361 Cr
IPO stage
DRHP filed
Risk level
Moderate
CIN
U74999DL1995PLC065160
Price History
52W High
₹84
52W Low
₹69.45
About Absolute Projects (India) Limited
Absolute Projects (India) Limited, a promoter-held EPC contractor handling electrical, civil, and mechanical works for power generation and building construction projects, grew FY26 revenue 2.57% to Rs 314.55 crore while PAT jumped 45.25% to Rs 30.51 crore (EPS Rs 7.18, ROE 20.92%), after completing two stock splits and a preferential allotment during the year.
The Short Version :
Absolute Projects (India) Limited, in its 31st year, is an EPC (Engineering, Procurement, Construction) contractor handling electrical, civil, and mechanical works and maintenance for power generation and building construction projects. FY26 revenue from operations grew 2.57% to Rs 314.55 crore from Rs 306.67 crore, while PAT grew much faster, up 45.25% to Rs 30.51 crore from Rs 21.00 crore. EPS (post-split, face value Rs 2) came in at Rs 7.18 versus Rs 5.35 a year earlier, with ROE at 20.92% (up from 20.34%) and Book Value per Share of Rs 33.91, up from Rs 24.01.
Why It Trades Where It Does :
This is a margin-expansion story on a nearly flat topline: revenue grew just 2.57%, but PAT grew 45.25%, pointing to real operating leverage and cost discipline rather than volume-driven growth. Trade receivables nearly doubled to Rs 117.24 crore from Rs 67.18 crore, growing far faster than revenue, worth watching for collection quality even as profitability improved. The company also completed two share splits during the year (face value Rs 100 to Rs 10, then Rs 10 to Rs 2) alongside a preferential allotment, corporate actions consistent with broadening the shareholder base ahead of a wider distribution or listing. ROE above 20% for two straight years reflects a capital-efficient EPC operating model.
Top Risks :
Trade receivables grew 74.5% against just 2.57% revenue growth, a mismatch worth understanding given the EPC/construction sector's typical exposure to payment delays on long-cycle contracts.
Ownership is entirely promoter/family held (Ola family, over 70% combined) with no institutional shareholders above 5%, concentrating both control and succession risk.
As an EPC contractor, revenue and margins are exposed to project execution risk, input cost volatility, and the cyclicality of power generation and construction capex spending.
Top Opportunities :
PAT growth (45.25%) far outpacing revenue growth (2.57%) shows meaningful margin and cost-efficiency improvement worth tracking for durability.
ROE sustained above 20% across two consecutive years reflects a capital-efficient business model for the EPC sector.
Two stock splits and a preferential allotment during FY26 signal active capital-structure preparation, typically a precursor to broader shareholder access or a future listing.
Disclaimer :
Priveq.in is an informational platform for unlisted and pre-IPO shares, operated by Priveq Investech Private Limited (the named counterparty on transactions). Unlisted shares carry risks including illiquidity, valuation uncertainty, and limited regulatory disclosure. This page is informational only and does not constitute investment advice.
Company Details
Industry
Infrastructure - EPC
Founded
1995
Headquarters
New Delhi, India
Min Lot Size
1000
Face Value
₹2.00
Total Shares
43013585
Regulatory Information
Corporate Identity Number (CIN)
U74999DL1995PLC065160
PAN Number
AABCA0783G
ISIN
INE0L7001038
Registrar & Transfer Agent (RTA)
MUFG Intime India Private Limited (formerly Link Intime India Private Limited
Key Valuation Ratios
Valuation
Market Cap
₹361.31 Cr
P/E Ratio
11.84×
P/S Ratio
1.15×
P/B Ratio
2.48×
EV / EBITDA
8.81×
Returns & Per Share
ROE
20.92%
EPS
₹7.09
Book Value / Share
₹33.91
Solvency
Debt / Equity
0.78×
Interest Coverage
5.21×
Company Fundamentals
As of FY2026 Annual · updated 15 Sept 2026Gross Profit
₹239.09 Cr
EBITDA
₹52.21 Cr
Revenue Growth
2.57%
Profit Margin
9.70%
Performance Trends
4 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.78×
EBITDA Margin
16.60%
Interest Coverage
5.21×
Financial Statements
| Line item | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|
| Total Income | ||||
| Revenue from operationsDisclosed | 145.03₹ Crore | 248.69₹ Crore | 306.67₹ Crore | 314.55₹ Crore |
| Other incomeDisclosed | 66₹ Lakh | 2.9₹ Crore | 5.45₹ Crore | 7.79₹ Crore |
| Total IncomeDerived | 145.69₹ Crore | 251.59₹ Crore | 312.12₹ Crore | 322.34₹ Crore |
| Expenses | ||||
| Cost of goods soldDisclosed | 31.09₹ Crore | 30.49₹ Crore | 47.99₹ Crore | 75.46₹ Crore |
| Purchases of stock-in-tradeDisclosed | 100.25₹ Crore | 194.99₹ Crore | 196.3₹ Crore | 147.11₹ Crore |
| Changes in inventoriesDisclosed | -7.39₹ Crore | -23.85₹ Crore | -20.31₹ Crore | 9.05₹ Crore |
| Employee benefits expenseDisclosed | 1.85₹ Crore | 2.4₹ Crore | 3.01₹ Crore | 4.44₹ Crore |
| Finance costsDisclosed | 3.51₹ Crore | 3.33₹ Crore | 4.53₹ Crore | 9.73₹ Crore |
| Depreciation and amortization expenseDisclosed | 35₹ Lakh | 54₹ Lakh | 66₹ Lakh | 1.52₹ Crore |
| Manufacturing expensesDisclosed | 10.56₹ Crore | 20.65₹ Crore | 43.98₹ Crore | 26.08₹ Crore |
| Other expensesDisclosed | 1.09₹ Crore | 3.31₹ Crore | 6.71₹ Crore | 7.99₹ Crore |
| Total ExpensesDerived | 141.31₹ Crore | 231.86₹ Crore | 282.87₹ Crore | 281.38₹ Crore |
| Profit | ||||
| Profit before taxDerived | 4.38₹ Crore | 19.73₹ Crore | 29.25₹ Crore | 40.96₹ Crore |
| Current tax expenseDisclosed | 1.16₹ Crore | 4.93₹ Crore | 8.37₹ Crore | 10.35₹ Crore |
| Deferred tax expenseDisclosed | 7₹ Lakh | 3₹ Lakh | -14₹ Lakh | 10₹ Lakh |
| Tax expenseDisclosed | 1.23₹ Crore | 4.96₹ Crore | 8.23₹ Crore | 10.45₹ Crore |
| Profit After TaxDerived | 3.15₹ Crore | 14.77₹ Crore | 21.02₹ Crore | 30.51₹ Crore |
| Other comprehensive incomeDisclosed | -19₹ Lakh | 2₹ Lakh | -3₹ Lakh | 1₹ Lakh |
| Total Comprehensive IncomeDerived | 2.96₹ Crore | 14.79₹ Crore | 20.99₹ Crore | 30.52₹ Crore |
Documents Library
Access all financial reports and filings
Absolute Projects (India) Ltd Files DRHP for IPO
Express buy interest
No commitment — the desk will reach out
Current Price
₹84Secure & Verified Transaction
Unlisted shares are illiquid and carry higher market risks. Please read the Risk Disclosure before investing.
Talk to a Specialist
Get expert guidance on this investment
About Absolute Projects (India) Limited unlisted shares
Indicative · updated dailyAbsolute Projects (India) Limited unlisted share price today
Absolute Projects (India) Limited unlisted share price today is ₹84 as of 16 October 2026.
Absolute Projects (India) Limited — frequently asked questions
- How does Absolute Projects (India) Limited compare to its listed peers?
There is no closely comparable listed company for Absolute Projects (India) Limited in India today.
- Is Absolute Projects (India) Limited on the SME or Mainboard IPO track?
Absolute Projects (India) Limited has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is Absolute Projects (India) Limited's CIN and registered office?
Absolute Projects (India) Limited's Corporate Identity Number is U74999DL1995PLC065160, registered at New Delhi, India.
- What is Absolute Projects (India) Limited's market capitalisation?
Absolute Projects (India) Limited's market capitalisation is approximately ₹361 crore, based on its current unlisted share price.
More in Infrastructure - EPC
All Infrastructure - EPC →- Omega Seiki Limited₹2,750
- Airlife Gases Private Limited₹1,800
- Abans Investment Managers Limited₹2,500
- 63sats Cybertech Limited₹24.5
- Shaya Polymers Limited₹470
- Samicron Precision Technologies Private Limited₹40
- Evergreen Recyclekaro (India) Limited₹11,08,000+2.6%
- Galaxeye Space Solutions Limited Private Limited₹4,25,000+0.0%
Buying, selling and holding unlisted shares
Applies to every company on Priveq- How do I buy Absolute Projects (India) Limited unlisted shares?
Priveq Investech Private Limited is the named counterparty on every transaction. To buy Absolute Projects (India) Limited unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, Absolute Projects (India) Limited shares are transferred off-market straight to your demat account, with no pooling and no middlemen.
- How do I sell Absolute Projects (India) Limited unlisted shares?
Submit an Express Sell Interest for Absolute Projects (India) Limited through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Absolute Projects (India) Limited shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
- What is the minimum investment for Absolute Projects (India) Limited unlisted shares?
Minimum investment varies by company and is shown as the Min Investment figure on this page. Absolute Projects (India) Limited's minimum is ₹84,000.
- Is there a maximum investment limit?
There's no fixed maximum investment limit for Absolute Projects (India) Limited unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.
- Is buying Absolute Projects (India) Limited unlisted shares legal in India?
Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.
- What is the lock-in period for Absolute Projects (India) Limited unlisted shares?
Absolute Projects (India) Limited has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
- What happens if Absolute Projects (India) Limited's IPO is delayed or withdrawn?
If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.
- How are capital gains on Absolute Projects (India) Limited unlisted shares taxed?
If you sell unlisted shares, including Absolute Projects (India) Limited, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Absolute Projects (India) Limited lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
- Can NRIs invest in Absolute Projects (India) Limited unlisted shares?
Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.
- Does Priveq charge a platform fee on top of the share price?
No. The price quoted to you is all-in; there is no separate platform fee or brokerage added on top.
- How does Priveq determine the desk price for Absolute Projects (India) Limited?
Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for Absolute Projects (India) Limited specifically, broader sentiment in the unlisted and pre-IPO market, how Absolute Projects (India) Limited's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.
Because unlisted shares trade over the counter rather than on an exchange, this price is indicative, not a continuously live quoted market price, and the actual deal price is confirmed with you directly before a transaction closes.
- Is Priveq SEBI-registered? Does it give investment advice?
Priveq is not a SEBI-registered stock exchange and not a SEBI-registered investment adviser. Priveq Investech Private Limited operates Priveq.in as a research and information platform for unlisted and pre-IPO shares, and is the named counterparty on transactions executed through the platform. Nothing on this page is investment advice; it's information to help you evaluate a company and decide for yourself.
- Am I eligible to invest through Priveq if I'm not an HNI?
Yes. Priveq isn't a stock exchange with membership restrictions, and investing isn't limited to HNIs. Depending on the company, entry points can start as low as ₹20,000, though the minimum for any specific company is shown as the Min Investment figure on its page.
- What documents do I receive after buying unlisted shares?
You receive an email acknowledging and confirming your order, along with a deal note or invoice recording the transaction details.
- What happens to my shares or money if a deal falls through?
Because Priveq is the direct counterparty on every transaction rather than just connecting a buyer and seller, this risk sits with Priveq, not with you. If a deal falls through after you've committed funds or shares, they remain safe, and Priveq guarantees a refund.