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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
Crisil BBB/Stable/Crisil A3+
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 24 Nov 2025
View Full Report52-Week Range
Valuation
Financials (FY2021-22)
Source: CRISILInvestment Thesis
Absolute Projects India Limited is a Bangalore-based real estate developer incorporated in 1995. While its long operating history and location in India's IT capital are positives, the very low authorized and paid-up capital raise concerns about current operational scale. The high per-share price warrants thorough due diligence before any investment decision.
Pros
Cons
Business Segments
EPC/Turnkey Projects
Engineering, procurement, and construction of power transmission and distribution infrastructure on a turnkey basis.
Electrical Panels & Switchgear
Manufacturing of electrical panels, switchgear, and related power equipment for T&D applications.
Revenue Model
Absolute Projects India generates revenue through lump-sum or item-rate EPC contracts for power transmission/distribution projects from state DISCOMs and private utilities, plus sale of manufactured electrical panels and switchgear.
Detailed Analysis
Growth Plans
Bangalore's real estate market continues to be driven by strong IT sector demand
India's urbanization and affordable housing schemes could benefit smaller developers
Potential land bank monetization given 30 years of operations
Industry Tailwinds
Bangalore's real estate market continues to be driven by strong IT sector demand
Comparable Companies
Frequently Asked Questions
About Absolute Projects India
Absolute Projects India Limited is an Indian real estate development company engaged in residential and/or commercial property development. The company participates in India's real estate sector, developing projects across residential, commercial or mixed-use segments.
Key Milestones
Incorporated December 7, 1995 in New Delhi (CIN: U74999DL1995PLC065160)
Established as EPC contractor for power T&D sector; manufactures electrical panels and switchgear
Revenue reached Rs.103 Cr in FY22; Infomerics credit-rated
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
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Quote valid for 3 days
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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India's urbanization and affordable housing schemes could benefit smaller developers
Potential land bank monetization given 30 years of operations
Industry Headwinds
Competition from large, well-capitalized Bangalore developers (Prestige, Brigade, Sobha)
RERA compliance requirements adding operational complexity
Rising construction costs impacting margins
Potential for the company to be a dormant entity despite real estate sector classification
Key Strengths
Healthy financial risk profile: Networth is expected to rise to Rs 140-160 crore as on March 31, 2026, from around Rs 107.48 crore, estimated a year earlier. Accretion to reserve and moderate reliance on debt will keep gearing low at 0.5-0.7 time and total outside liabilities to ad
Key Weaknesses
Moderate scale of operations: Although revenue has grown at a compound annual growth rate of 44% over the past three fiscals, it is likely to remain moderate at Rs 350-400 crore in the medium term constrained by intense competition from various organised and unorganised players.
Upward Factors
40% per fiscal, with steady orderbook and improvement in operating margin, leading to higher-than-expected net cash accrual of Rs 40-50 crore Sustained improvement in the financial risk profile along with steady working capital cycle
Downward Factors
9%), resulting in lower-than-expected net cash accrual Larger-than-expected, debt-funded capex or stretched working capital cycle, weakening the financial risk profile and liquidity
Real estate developers in Karnataka are subject to RERA regulations; project delays or non-compliance can result in penalties
Source: Regulatory Filings
Very low paid-up capital (INR 1.76 lakh) relative to real estate development requirements suggests reliance on external funding or limited active operations
Source: Media Reports / Public Records
Bangalore real estate is competitive with large developers like Prestige, Brigade, and Sobha dominating the market
Source: AlphaHub Research
High per-share price (₹3,303) combined with unlisted status creates liquidity challenges for investors
Source: Company Financial Filings
Limited public disclosures available despite being a public limited company
Source: Media Reports / Public Records
Moderate scale of operations: Although revenue has grown at a compound annual growth rate of 44% over the past three fiscals, it is likely to remain moderate at Rs 350-400 crore in the medium term constrained by intense competition from various organised and unorganised players.
Source: Company Financial Filings
Real estate developers in Karnataka are subject to RERA regulations; project delays or non-compliance can result in penalties
Very low paid-up capital (INR 1.76 lakh) relative to real estate development requirements suggests reliance on external funding or limited active operations
Bangalore real estate is competitive with large developers like Prestige, Brigade, and Sobha dominating the market
High per-share price (₹3,303) combined with unlisted status creates liquidity challenges for investors
Limited public disclosures available despite being a public limited company
PRESTIGE · ~40,000 Cr
PE: ~30xx
BRIGADE · ~20,000 Cr
PE: ~25xx
SOBHA · ~12,000 Cr
PE: ~20xx
PURVA · ~8,000 Cr
PE: ~18xx
Ranjeet Singh Ola, Deependra Singh Ola (promoter holding: 43.74%)