WEBSITE BSE:531494 NSE: NAVKARURB Inc. Year: 1992 Industry: Engineering - Construction My Bucket: Add Stock
Last updated: 15:52
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1. Business Overview
Navkar Urbanstructure Ltd. operates in the Engineering - Construction sector in India. The company is primarily involved in various construction activities, which typically include civil construction, infrastructure projects, and potentially real estate development within urban areas, as suggested by its name. Its core business model revolves around bidding for and executing construction contracts for government bodies, public sector undertakings, and private clients. The company generates revenue by successfully completing these projects as per contractual agreements, receiving payments based on milestones achieved or project completion.
2. Key Segments / Revenue Mix
Specific breakdowns of revenue by key segments (e.g., residential, commercial, infrastructure, industrial) are not publicly available. Based on its sector classification "Engineering - Construction" and name "Urbanstructure," its operations likely span across various types of urban infrastructure and building projects. Without disclosed segments, the entire revenue is categorized under its primary construction operations.
3. Industry & Positioning
The Indian Engineering - Construction industry is highly competitive, characterized by a mix of large national players and numerous regional and local contractors. It is cyclical, heavily dependent on government expenditure on infrastructure, private sector investment, and real estate demand. Navkar Urbanstructure Ltd. is likely positioned as a regional or mid-tier player within this fragmented market. Its positioning would depend on its project size, execution capabilities, geographical focus, and client relationships, primarily competing on factors such as bid pricing, project delivery timelines, and quality of work.
4. Competitive Advantage (Moat)
For a company in the construction sector, sustainable competitive advantages (moats) are often challenging to establish. Navkar Urbanstructure Ltd.'s potential advantages, if any, could stem from:
Local Expertise & Relationships: Strong ties with local government bodies and private developers in its operational regions.
Execution Track Record: A history of timely and quality project delivery, building client trust.
Cost Efficiency: Ability to manage project costs effectively through efficient resource allocation and supply chain management.
However, without specific details, the company's competitive advantages are likely limited and replicable, indicating a narrow or no significant moat.
5. Growth Drivers
Key factors that could drive growth for Navkar Urbanstructure Ltd. over the next 3-5 years include:
Government Infrastructure Push: Continued high government spending on roads, railways, urban development, and other public infrastructure projects (e.g., Smart Cities Mission, Gati Shakti).
Urbanization & Real Estate Demand: Growing urban population and increasing demand for residential, commercial, and municipal infrastructure.
Industrial Growth: Investment in new manufacturing facilities and industrial corridors driving demand for construction services.
Access to Capital: Ability to secure financing for larger and more complex projects.
6. Risks
Intense Competition: Highly fragmented industry leading to aggressive bidding and margin pressure.
Project Execution Risks: Delays in land acquisition, regulatory approvals, cost overruns due to raw material price volatility, and labor shortages.
Economic Downturn: Sensitivity to economic cycles, as a slowdown can reduce government and private sector capital expenditure.
Regulatory & Environmental Changes: Strict environmental norms, frequent policy changes, and complex approval processes.
Liquidity & Working Capital Management: High working capital requirements and potential delays in client payments can impact cash flow.
Dependence on Promoters/Key Clients: Over-reliance on a few large contracts or specific clients.
7. Management & Ownership
As is common for many Indian companies, Navkar Urbanstructure Ltd. is likely promoter-led. Specific details regarding the quality of management, their track record, and specific ownership structure beyond promoter holding are not readily available in the provided information. Promoter-led businesses often have a long-term vision but can also concentrate decision-making power.
8. Outlook
Navkar Urbanstructure Ltd. operates in a sector with significant tailwinds from India's ongoing urbanization and infrastructure development push. The government's continued focus on capital expenditure in infrastructure provides a robust pipeline for construction companies. However, the company faces inherent challenges of a highly competitive and cyclical industry, characterized by execution risks, margin pressures, and dependence on economic stability and government policies. Its ability to secure new contracts, manage project costs, and maintain a healthy balance sheet will be crucial for sustained performance. The outlook is balanced between the sector's growth potential and the operational and competitive realities within the Indian construction market.
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Market Cap ₹89 Cr.
Stock P/E 282.8
P/B 0.7
Current Price ₹0.8
Book Value ₹ 1.1
Face Value 1
52W High ₹3.6
Dividend Yield 0.25%
52W Low ₹ 0.7
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 6 | 6 | 0 | 4 | 0 | 9 | 3 | 2 | 2 | 5 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 6 | 6 | 1 | 4 | 0 | 9 | 4 | 2 | 2 | 5 |
| Total Expenditure | 6 | 5 | 1 | 2 | 0 | 8 | 5 | 1 | 2 | 3 |
| Operating Profit | 1 | 1 | 1 | 2 | 0 | 1 | -1 | 0 | 0 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Depreciation | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 1 | -1 | 2 | 0 | 1 | -2 | 0 | 0 | 3 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 1 | 1 | -1 | 2 | 0 | 1 | -3 | 0 | 0 | 3 |
| Adjustments | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 1 | -1 | 2 | 0 | 1 | -3 | 0 | 0 | 3 |
| Adjusted Earnings Per Share | 0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 83 | 65 | 42 | 58 | 155 | 44 | 7 | 14 | 12 | 19 | 16 | 12 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 0 |
| Total Income | 83 | 65 | 42 | 59 | 156 | 46 | 8 | 15 | 13 | 21 | 17 | 13 |
| Total Expenditure | 71 | 57 | 39 | 55 | 145 | 43 | 6 | 12 | 11 | 18 | 15 | 11 |
| Operating Profit | 12 | 8 | 3 | 3 | 10 | 3 | 3 | 3 | 2 | 3 | 2 | 2 |
| Interest | 4 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 |
| Profit Before Tax | 7 | 3 | 0 | 0 | 8 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Provision for Tax | 2 | 1 | -0 | -0 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 4 | 2 | 0 | 1 | 6 | 0 | 1 | 1 | 1 | 1 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 4 | 2 | 0 | 1 | 6 | 0 | 1 | 1 | 1 | 1 | 0 | 0 |
| Adjusted Earnings Per Share | 0.1 | 0.1 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -16% | 5% | -18% | -15% |
| Operating Profit CAGR | -33% | -13% | -8% | -16% |
| PAT CAGR | -100% | -100% | 0% | -100% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -78% | -17% | 9% | -2% |
| ROE Average | 0% | 1% | 1% | 3% |
| ROCE Average | 1% | 1% | 2% | 6% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 32 | 33 | 33 | 72 | 77 | 78 | 78 | 149 | 157 | 157 | 157 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 5 | 1 | 1 | 1 | 2 | 12 | 14 | 0 | 5 | 13 | 6 |
| Other Non-Current Liabilities | 4 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Total Current Liabilities | 29 | 31 | 53 | 69 | 113 | 55 | 30 | 35 | 39 | 42 | 48 |
| Total Liabilities | 69 | 67 | 91 | 144 | 194 | 147 | 124 | 186 | 203 | 215 | 213 |
| Fixed Assets | 31 | 26 | 23 | 55 | 56 | 54 | 55 | 55 | 55 | 61 | 61 |
| Other Non-Current Assets | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 8 | 7 |
| Total Current Assets | 36 | 38 | 65 | 88 | 136 | 90 | 67 | 128 | 145 | 145 | 144 |
| Total Assets | 69 | 67 | 91 | 144 | 194 | 147 | 124 | 186 | 203 | 215 | 213 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 3 | 2 | 2 | 2 | 1 | 13 | 3 | 8 | 3 | 3 | 8 |
| Cash Flow from Operating Activities | 3 | 7 | 1 | 1 | 14 | -12 | 5 | -57 | -6 | 10 | 1 |
| Cash Flow from Investing Activities | 3 | -0 | 2 | 1 | -2 | -0 | 10 | -2 | 0 | -13 | 2 |
| Cash Flow from Financing Activities | -7 | -7 | -2 | -3 | -1 | 2 | -10 | 55 | 5 | 8 | -8 |
| Net Cash Inflow / Outflow | -1 | 0 | 1 | -1 | 12 | -10 | 5 | -4 | -0 | 5 | -5 |
| Closing Cash & Cash Equivalent | 2 | 2 | 2 | 1 | 13 | 3 | 8 | 3 | 3 | 8 | 3 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.1 | 0.05 | 0.01 | 0.01 | 0.11 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0 |
| CEPS(Rs) | 0.14 | 0.1 | 0.03 | 0.03 | 0.13 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 |
| DPS(Rs) | 0.04 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 0.72 | 0.75 | 0.76 | 1.45 | 1.55 | 1.56 | 0.84 | 0.86 | 1.07 | 1.07 | 1.08 |
| Core EBITDA Margin(%) | 14.23 | 11.91 | 6.95 | 4.73 | 6.16 | 3.35 | 24.26 | 11 | 7.59 | 4.78 | 4.82 |
| EBIT Margin(%) | 12.03 | 9.3 | 5.75 | 4.11 | 6.11 | 6.18 | 35.84 | 19.03 | 12.87 | 9.11 | 6.21 |
| Pre Tax Margin(%) | 7.82 | 5.31 | 0.41 | 0.78 | 5.08 | 2.14 | 8.98 | 7.08 | 11.84 | 7.7 | 4.34 |
| PAT Margin (%) | 5.06 | 3.49 | 0.91 | 0.92 | 3.59 | 0.88 | 6.87 | 6.71 | 10.79 | 5.43 | 1.95 |
| Cash Profit Margin (%) | 7.55 | 6.43 | 2.91 | 2.29 | 4.16 | 1.16 | 8.86 | 7.67 | 12.98 | 10.87 | 8.13 |
| ROA(%) | 5.79 | 3.34 | 0.48 | 0.46 | 3.28 | 0.23 | 0.38 | 0.59 | 0.66 | 0.49 | 0.15 |
| ROE(%) | 13.92 | 7.07 | 1.15 | 1.02 | 7.44 | 0.5 | 0.86 | 2.17 | 1.58 | 0.85 | 0.26 |
| ROCE(%) | 19.35 | 12.05 | 4.97 | 3.69 | 11.2 | 3.1 | 3.65 | 3.08 | 1.29 | 1.32 | 0.76 |
| Receivable days | 48.01 | 96.79 | 281.35 | 325.62 | 147.68 | 403.58 | 1282.74 | 438.78 | 567.49 | 419.83 | 540.82 |
| Inventory Days | 44.62 | 46.99 | 67.91 | 67.65 | 27.71 | 128.77 | 1188.97 | 794.9 | 892.22 | 417.11 | 506.12 |
| Payable days | 23.96 | 31.29 | 243.92 | 358.45 | 186.75 | 593.82 | 2775.65 | 990.7 | 1161.98 | 632.26 | 949.26 |
| PER(x) | 6.55 | 13.15 | 74.02 | 84.44 | 7.33 | 48.72 | 35.53 | 132.39 | 117.39 | 94.73 | 976.43 |
| Price/Book(x) | 0.88 | 0.91 | 0.85 | 0.63 | 0.53 | 0.24 | 0.43 | 2.85 | 1.26 | 0.8 | 2.54 |
| Dividend Yield(%) | 6.29 | 2.92 | 0.62 | 0.44 | 0.49 | 0 | 0 | 0.16 | 0.3 | 0.23 | 0.07 |
| EV/Net Sales(x) | 0.55 | 0.68 | 0.97 | 0.91 | 0.24 | 0.64 | 3.29 | 8.68 | 12.91 | 5.49 | 19.33 |
| EV/Core EBITDA(x) | 3.78 | 5.55 | 12.5 | 16.66 | 3.64 | 9.92 | 8.7 | 43.44 | 85.76 | 37.57 | 156.06 |
| Net Sales Growth(%) | 41.72 | -21.9 | -35.33 | 38.87 | 166.64 | -71.29 | -83.29 | 83.52 | -12.6 | 57.12 | -14.21 |
| EBIT Growth(%) | 14.38 | -39.9 | -60.22 | -0.71 | 295.87 | -70.94 | -3.17 | -2.52 | -40.92 | 11.24 | -41.52 |
| PAT Growth(%) | 20.69 | -46.44 | -83.31 | 41.28 | 938.56 | -92.99 | 30.85 | 79.35 | 40.43 | -20.97 | -69.14 |
| EPS Growth(%) | 20.62 | -46.45 | -83.27 | 24.14 | 935.19 | -93.02 | 32.05 | 78.64 | -37.5 | -20.87 | -69.23 |
| Debt/Equity(x) | 0.63 | 0.5 | 0.45 | 0.13 | 0.13 | 0.16 | 0.33 | 0.01 | 0.04 | 0.11 | 0.05 |
| Current Ratio(x) | 1.24 | 1.22 | 1.21 | 1.27 | 1.2 | 1.64 | 2.26 | 3.65 | 3.68 | 3.44 | 3.03 |
| Quick Ratio(x) | 0.82 | 1.07 | 1 | 1.12 | 1.09 | 1.31 | 1.25 | 2.81 | 2.95 | 3.11 | 2.39 |
| Interest Cover(x) | 2.86 | 2.33 | 1.08 | 1.24 | 5.93 | 1.53 | 1.33 | 1.59 | 12.51 | 6.45 | 3.32 |
| Total Debt/Mcap(x) | 0.72 | 0.54 | 0.53 | 0.2 | 0.24 | 0.66 | 0.76 | 0 | 0.03 | 0.14 | 0.02 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
| FII | 0 | 0 | 0 | 0 | 0.89 | 0.89 | 1.79 | 0.01 | 0.01 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 65 | 65 | 65 | 65 | 64.11 | 64.11 | 63.21 | 64.99 | 64.99 | 65 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 7.85 | 7.85 | 7.85 | 7.85 | 7.85 | 7.85 | 39.27 | 39.27 | 39.27 | 39.27 |
| FII | 0 | 0 | 0 | 0 | 0.2 | 0.2 | 2.01 | 0.01 | 0.01 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 14.59 | 14.59 | 14.59 | 14.59 | 14.39 | 14.39 | 70.92 | 72.92 | 72.92 | 72.94 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 22.44 | 22.44 | 22.44 | 22.44 | 22.44 | 22.44 | 112.21 | 112.21 | 112.21 | 112.21 |
* The pros and cons are machine generated.
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