Lancor Holdings Ltd.

•

lancor.inBSE: 509048NSE: LANCORHOL

Market Cap₹ 244 Cr.

Current Price

High / Low₹ 34 / 18

Stock P/E4.2

Book Value₹ 35

Price to Book0.81

Dividend Yield0.90 %

ROCE11.8 %

ROE5.4 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2011 • Property Development: 91.7% • Property Rental: 5.1% • Others: 3.2%

AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

View full sector analysis →

PROS

Company has delivered good sales growth of 25.9% CAGR over last 5 years
Operating margins have improved to 18.7% from 12.1%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.93x)
Company generates healthy free cash flow

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 3.4% over last 3 years
Company has a low return on capital employed of 9.8%
Interest coverage is weak at 1.7x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DLF	670.00	37.30	165845.88	1.19	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1211.80	29.35	121085.87	0.35	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1930.00	53.93	69031.83	0.13	394.51	22.95	1074.94	12.80	13.70	59.77
4.	OBEROIRLTY	1877.50	25.96	68266.32	0.43	543.51	29.02	1300.89	31.73	17.69	56.75
5.	PRESTIGE	1579.00	59.72	68012.30	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
6.	GODREJPROP	1960.00	36.90	59040.39	0.51	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	587.90	36.57	21157.16	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	639.90	30.04	20877.33	0.23	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1331.60	112.46	14873.40	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1230.00	57.04	13155.32	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	765.70	10.32	10772.33	0.00	-16.53	-148.00	551.99	-36.24	7.49	-8.10
12.	LANCORHOL	33.22	4.24	244.33	0.90	17.24	14766.38	44.67	8.45	10.49	17.61

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	28	35	31	44	35	57	45	47	39	32	34	14	43
	23	30	26	35	26	45	39	40	34	31	29	28	41
Operating Profit	5	6	5	9	9	12	7	6	6	1	5	-13	8
OPM %	16.78%	15.84%	16.23%	20.41%	25.62%	21.37%	14.95%	13.80%	14.46%	3.29%	13.67%	-94.23%	18.41%
Other Income	0	0	0	-0	0	0	1	1	1	1	1	71	19
Interest	4	3	3	4	4	5	5	5	5	5	5	7	5
Depreciation	0	0	0	0	1	1	1	1	1	1	1	1	1
	1	3	2	5	4	7	2	1	0	-3	0	50	21
Tax %	41.58%	25.88%	33.33%	37.81%	34.39%	39.29%	36.32%	18.97%	20.83%	13.68%	67.65%	13.73%	16.32%
Net Profit	1	2	1	3	3	4	1	1	0	-3	0	43	18
	0	0	0	0	0	1	0	0	0	-0	0	6	0
Equity Capital	8	12	12	12	15	15	15	15	15	15	15	15	15
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	83	79	72	92	58	51	105	114	138	185	123
	54	38	45	64	40	39	93	93	113	150	128
Operating Profit	30	42	28	29	22	14	13	23	25	36	—
OPM %	37	53	39	32	38	26	12	20	18	20	—
Other Income	1	1	1	1	3	1	1	1	1	2	92
Interest	16	21	20	22	27	28	26	20	13	19	22
Depreciation	2	2	2	1	1	1	1	2	2	3	3
	12	19	7	6	-7	-15	-14	1	10	14	68
Tax %	15	16	13	37	14	24	27	136	34	36	15
Net Profit	10	16	6	4	-6	-12	-10	-0	7	9	58
EPS	0	0	0	0	0	-3	-3	-0	1	1	—
Dividend Payout %	40	5	14	23	0	0	0	0	18	16	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	2	3	1	1	-1	-2	-2	-0	1	1	—

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 26%
3 Years:: 21%

COMPOUNDED PROFIT GROWTH

10 Years:: -5%
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 36%

RETURN ON EQUITY

10 Years:: 2%
5 Years:: -1%
3 Years:: 3%
Last Year:: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	8	8	8	8	8	8	8	8	12	15
	125	144	149	152	145	134	123	123	125	186
	64	132	109	54	86	138	93	60	38	58
Trade Payables	9	6	4	7	5	5	4	16	26	18
	132	23	54	112	112	65	81	80	102	114
Total Liabilities	338	313	325	333	357	349	309	286	304	391
ASSETS	-	-	-	-	-	-	-	-	-	-
	81	3	44	40	39	6	8	7	9	18
Capital Work in Progress	32	3	0	2	3	4	3	4	6	0
	3	43	3	3	3	3	4	5	5	5
	164	248	234	229	280	265	209	196	196	269
	0	0	0	0	0	0	0	0	16	25
Cash & Bank	1	7	4	12	5	4	4	6	4	9
	58	9	40	46	26	68	81	68	68	64
Total Assets	338	313	325	333	357	349	309	286	304	391
Total Debt	170	151	160	165	198	206	174	110	95	137
Net Working Capital	117	114	137	213	196	143	136	105	95	186
Contingent Liabilities	44	40	37	41	41	40	40	35	34	33
Book Value per Share	29.45	37.65	38.82	39.45	37.82	35.00	32.40	32.33	22.62	27.47
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-5	2	2	14	-11	19	58	88	29	-56
Cash from Investing	-1	80	7	8	-1	-1	-1	-2	-2	-7
Cash from Financing	4	-77	-11	-16	7	-20	-56	-84	-29	68
	-2	5	-2	6	-5	-2	1	2	-2	5
Free Cash Flow	-11	2	-38	14	-12	19	57	86	25	-62
OCF / Net Profit	-0.45	0.13	0.42	3.93	1.95	-1.61	-5.55	-269.92	4.29	-6.06
Cumulative 5-Year FCF	0	0	0	0	-46	-16	39	163	174	125

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	2.51	3.87	1.40	0.87	-1.38	-2.86	-2.57	-0.08	1.11	1.26
Book Value (₹)	29.45	37.65	38.82	39.45	37.82	35.00	32.40	32.33	22.62	27.47
Dividend per Share (₹)	1.00	0.20	0.20	0.20	0.00	0.00	0.00	0.00	0.20	0.20
Cash EPS (₹)	2.06	2.93	1.19	0.82	-0.71	-1.71	-1.48	0.25	1.36	1.65
PROFITABILITY
Operating Margin %	36.80%	52.87%	38.59%	31.89%	37.62%	26.36%	12.10%	19.99%	17.60%	18.70%
Net Margin %	12.26%	19.96%	7.87%	3.79%	-9.57%	-22.57%	-9.88%	-0.29%	4.91%	4.99%
ROE %	8.70%	11.54%	3.66%	2.21%	-3.57%	-7.85%	-7.62%	-0.25%	5.04%	5.44%
ROCE %	10.14%	13.30%	8.45%	8.71%	6.11%	3.53%	3.47%	7.69%	9.91%	11.76%
	3.11%	4.82%	1.78%	1.07%	-1.62%	-3.28%	-3.16%	-0.11%	2.29%	2.65%
EFFICIENCY
Debtor Days	27	33	19	16	26	49	33	40	40	40
Inventory Days	726	958	1222	915	1593	1940	822	647	520	460
Payable Days	92	104	63	43	105	74	21	48	80	68
	661	888	1179	889	1514	1914	835	638	480	433
FINANCIAL HEALTH
Debt to Equity (x)	1.43x	0.99x	1.02x	1.03x	1.29x	1.45x	1.33x	0.84x	0.69x	0.68x
Interest Coverage (x)	1.74x	1.90x	1.33x	1.25x	0.76x	0.45x	0.44x	1.05x	1.78x	1.75x
	2.11x	1.76x	2.11x	4.08x	2.82x	1.95x	2.20x	1.86x	1.65x	2.32x
GROWTH
Revenue Growth %	-19.97%	-5.16%	-8.26%	28.31%	-36.86%	-12.10%	105.08%	8.53%	20.48%	34.11%
Operating Profit Growth %	-26.41%	36.27%	-33.05%	6.03%	-25.50%	-38.40%	-5.91%	79.38%	9.42%	45.47%
Net Profit Growth %	-31.22%	54.42%	-63.82%	-38.16%	-259.25%	-107.28%	10.20%	96.86%	2171.75%	36.05%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1481.02%	13.23%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	44.96x	17.55x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.21x	0.81x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.40%	0.90%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	15.81x	7.97x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.66	51.66	51.66	51.66	51.66	51.27	51.27	51.31	51.31
	1.56	1.45	1.47	1.46	0.07	0.00	0.00	0.00	0.00
	0.74	0.74	0.74	0.74	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	46.03	46.14	46.12	46.13	48.26	48.73	48.73	48.69	48.69

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Shareholders meeting

2026-09-03 - Lancor Holdings Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026

2026-09-02

Updates

2026-09-02 - Lancor Holdings Limited has informed the Exchange regarding 'Financial Result for quarter ended 30th June, 2026 (Machine readable version)'.

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Lancor Holdings Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

General Updates

2026-08-13 - Lancor Holdings Limited has informed the Exchange about General Updates

2026-08-12

General Updates

2026-08-12 - Lancor Holdings Limited has informed the Exchange about General Updates regarding intimation of Annual General Meeting

2026-08-12

Appointment

2026-08-12 - Lancor Holdings Limited has informed the Exchange regarding re-Appointment of Mr Srinivasan Vasudevan, Independent Director as Independent Director of the company w.e.f. September 13, 2026 for five consecutive years subject to approval of shareholders.

2026-08-12

Record Date

2026-08-12 - Lancor Holdings Limited has informed the Exchange that Record date for the purpose of Dividend is 21-Sep-2026.

2026-08-12

Outcome of Board Meeting

2026-08-12 - Lancor Holdings Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-05

Copy of Newspaper Publication

2026-08-05 - Lancor Holdings Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for LANCORHOL

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Free 5nance Account

Name

DLF

670.00

37.30

165845.88

1.19

793.90

-89.59

1280.34

-52.87

6.81

49.68

LODHA

1211.80

29.35

121085.87

0.35

1373.10

103.39

4996.70

43.10

16.89

38.51

PHOENIXLTD

1930.00

53.93

69031.83

0.13

394.51

22.95

1074.94

12.80

13.70

59.77

OBEROIRLTY

1877.50

25.96

68266.32

0.43

543.51

29.02

1300.89

31.73

17.69

56.75

PRESTIGE

1579.00

59.72

68012.30

0.13

271.40

-12.87

2675.10

15.94

11.51

31.75

GODREJPROP

1960.00

36.90

59040.39

0.51

349.38

-41.61

506.17

16.48

8.37

-57.98

ANANTRAJ

587.90

36.57

21157.16

0.17

149.19

18.50

631.40

6.58

12.23

29.53

BRIGADE

639.90

30.04

20877.33

0.23

216.94

37.35

1115.55

-12.93

11.02

32.33

ABREL

1331.60

112.46

14873.40

0.19

-34.59

-27.73

188.85

30.95

-4.54

-30.02

SOBHA

1230.00

57.04

13155.32

0.49

50.85

273.37

1278.15

50.03

6.96

6.07

SIGNATURE

765.70

10.32

10772.33

0.00

-16.53

-148.00

551.99

-36.24

7.49

-8.10

LANCORHOL

33.22

4.24

244.33

0.90

17.24

14766.38

44.67

8.45

10.49

17.61

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-13

OPM %

16.78%

15.84%

16.23%

20.41%

25.62%

21.37%

14.95%

13.80%

14.46%

3.29%

13.67%

-94.23%

18.41%

Other Income

-0

Interest

Depreciation

-3

Tax %

41.58%

25.88%

33.33%

37.81%

34.39%

39.29%

36.32%

18.97%

20.83%

13.68%

67.65%

13.73%

16.32%

Net Profit

-3

-0

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

105

114

138

185

123

113

150

128

Operating Profit

—

OPM %

—

Other Income

Interest

Depreciation

-7

-15

-14

Tax %

136

Net Profit

-6

-12

-10

-0

EPS

-3

-0

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

-1

-2

-0

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

125

144

149

152

145

134

123

125

186

132

109

138

Trade Payables

132

112

102

114

Total Liabilities

338

313

325

333

357

349

309

286

304

391

ASSETS

Capital Work in Progress

164

248

234

229

280

265

209

196

269

Cash & Bank

Total Assets

338

313

325

333

357

349

309

286

304

391

Total Debt

170

151

160

165

198

206

174

110

137

Net Working Capital

117

114

137

213

196

143

136

105

186

Contingent Liabilities

Book Value per Share

29.45

37.65

38.82

39.45

37.82

35.00

32.40

32.33

22.62

27.47

Face Value

2.00

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-5

-11

-56

Cash from Investing

-1

-2

-7

Cash from Financing

-77

-11

-16

-20

-56

-84

-29

-2

-5

-2

Free Cash Flow

-11

-38

-12

-62

OCF / Net Profit

-0.45

0.13

0.42

3.93

1.95

-1.61

-5.55

-269.92

4.29

-6.06

Cumulative 5-Year FCF

-46

-16

163

174

125

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

2.51

3.87

1.40

0.87

-1.38

-2.86

-2.57

-0.08

1.11

1.26

Book Value (₹)

29.45

37.65

38.82

39.45

37.82

35.00

32.40

32.33

22.62

27.47

Dividend per Share (₹)

1.00

0.20

0.00

0.20

Cash EPS (₹)

2.06

2.93

1.19

0.82

-0.71

-1.71

-1.48

0.25

1.36

1.65

PROFITABILITY

Operating Margin %

36.80%

52.87%

38.59%

31.89%

37.62%

26.36%

12.10%

19.99%

17.60%

18.70%

Net Margin %

12.26%

19.96%

7.87%

3.79%

-9.57%

-22.57%

-9.88%

-0.29%

4.91%

4.99%

ROE %

8.70%

11.54%

3.66%

2.21%

-3.57%

-7.85%

-7.62%

-0.25%

5.04%

5.44%

ROCE %

10.14%

13.30%

8.45%

8.71%

6.11%

3.53%

3.47%

7.69%

9.91%

11.76%

3.11%

4.82%

1.78%

1.07%

-1.62%

-3.28%

-3.16%

-0.11%

2.29%

2.65%

EFFICIENCY

Debtor Days

Inventory Days

726

958

1222

915

1593

1940

822

647

520

460

Payable Days

104

105

661

888

1179

889

1514

1914

835

638

480

433

FINANCIAL HEALTH

Debt to Equity (x)

1.43x

0.99x

1.02x

1.03x

1.29x

1.45x

1.33x

0.84x

0.69x

0.68x

Interest Coverage (x)

1.74x

1.90x

1.33x

1.25x

0.76x

0.45x

0.44x

1.05x

1.78x

1.75x

2.11x

1.76x

2.11x

4.08x

2.82x

1.95x

2.20x

1.86x

1.65x

2.32x

GROWTH

Revenue Growth %

-19.97%

-5.16%

-8.26%

28.31%

-36.86%

-12.10%

105.08%

8.53%

20.48%

34.11%

Operating Profit Growth %

-26.41%

36.27%

-33.05%

6.03%

-25.50%

-38.40%

-5.91%

79.38%

9.42%

45.47%

Net Profit Growth %

-31.22%

54.42%

-63.82%

-38.16%

-259.25%

-107.28%

10.20%

96.86%

2171.75%

36.05%

0.00%

1481.02%

13.23%

VALUATION

P/E (x)

0.00x

44.96x

17.55x

P/B (x)

0.00x

2.21x

0.81x

Dividend Yield %

0.00%

0.40%

0.90%

0.00x

15.81x

7.97x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

51.66

51.27

51.31

1.56

1.45

1.47

1.46

0.07

0.00

0.74

0.00

Government

0.00

46.03

46.14

46.12

46.13

48.26

48.73

48.69

Lancor Holdings Ltd.

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Lancor Holdings Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI