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

Valuation
Financials (FY2024)
Investment Thesis
ZR Infra Limited is a nano-cap listed construction and real estate developer based in Hyderabad's Banjara Hills, operating at very small scale with revenue of ₹16.37 Cr in FY2024. While a sharp revenue jump from ₹1.62 Cr the prior year suggests a project delivery cycle, the near-zero promoter holding, legacy IT NIC classification, and high debt outflows raise significant governance and financial health concerns. The company's outlook remains speculative and dependent on future project pipelines in Hyderabad's competitive real estate market.
Pros
Cons
Business Segments
Residential real estate development (apartments, villas, gated communities)
Commercial real estate (commercial complexes)
Construction and infrastructure
Revenue Model
ZR Infra Limited likely generates revenue through real estate project sales (residential and/or commercial), construction contracts, and infrastructure project execution in the Hyderabad and Telangana market.
Detailed Analysis
Growth Plans
Hyderabad's continued growth as a major IT and residential real estate hub
Telangana government infrastructure development projects
Industry Tailwinds
Hyderabad's continued growth as a major IT and residential real estate hub
Telangana government infrastructure development projects
Recent Developments
Comparable Companies
PRESTIGE · 30000+ Cr
SOBHA · 8000+ Cr
Frequently Asked Questions
About ZR Infra
ZR Infra Limited is a Hyderabad-based infrastructure and real estate company incorporated on June 19, 1997. The company holds a CIN of L72200TG1997PLC027375 and is registered at Office No. 11, 6-3-249/6, 2nd Floor, Alcazar Plaza & Towers, Road No. 1, Banjara Hills, Hyderabad, Telangana — 500034. Banjara Hills is Hyderabad's premium commercial and residential district, reflecting the company's positioning in the high-end Hyderabad real estate market. Interestingly, while the company's primary description in public sources and its website focus on infrastructure and real estate, its MCA industry classification is listed under "software publishing, consultancy and supply." This classification discrepancy is not uncommon for companies that may have had different activities at incorporation and subsequently pivoted to infrastructure — or that maintain the original MCA classification despite business evolution. The company's directors include Mohammed Rubeena Begum, Jaweedan Shaz Hassan, Mirza Viqar Baig, MD Firoj, Ravdjee Zulfi, and Revant Sharan — a diverse board reflecting multiple family/promoter groups. The names suggest a Hyderabad-based promoter group with connections to the city's real estate and business community. ZR Infra's balance sheet was last filed for March 31, 2023, indicating recent compliance with MCA. The company maintains an Active status. The website at zrinfra.com confirms the company's infrastructure orientation, while financial data platforms like WWIPL (which tracks unlisted company financials) have coverage of ZR Infra's annual reports, suggesting the company has had meaningful business activity. Hyderabad's real estate and infrastructure market has been among the strongest in India over the past decade, with the IT industry's explosive growth creating demand for commercial office space, residential developments, and associated infrastructure. The city's emergence as a hub for global technology companies (Microsoft, Google, Amazon, Apple) alongside domestic IT majors has driven sustained real estate demand. ZR Infra's Banjara Hills address and Hyderabad orientation position it within this high-demand market. Infrastructure companies operating in Hyderabad have benefited from the Telangana government's aggressive infrastructure development agenda, including road development, commercial zone expansion, and industrial corridor projects. The company's small-to-mid scale positioning likely focuses on project-specific real estate development and infrastructure contracting rather than large-scale township development.
Key Milestones
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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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Industry Headwinds
Financial distress risk given very low share price and lack of public disclosures
Competition from large, well-funded real estate developers in Hyderabad
MCA industry classification shows software sector despite infrastructure/real estate focus — classification discrepancy
Source: AlphaHub Research
Limited public financial data available despite recent MCA compliance
Source: Media Reports / Public Records
Small scale operations in a market increasingly dominated by large developers
Source: Media Reports / Public Records
Net profit margin is thin at 1.1% (FY2024) — limited buffer against revenue or cost shocks
Source: Financial data
Very low share price of ₹6.15 with no publicly available financials raises questions about company's financial health and viability
Real estate sector in Hyderabad is highly competitive with large developers such as Prestige, Sobha, and My Home Group dominating the market
No publicly available annual reports or financial disclosures make investor due diligence extremely difficult
Incorporated on 19 June 1997 in Hyderabad under ROC Hyderabad
Listed on Metropolitan Stock Exchange of India (MSEI) — offer documents filed July 2018
CIN prefix 'L' confirms listed status; NIC 72200 (IT) is a legacy classification not reflecting current activity
Registered at Alcazar Plaza & Towers, Road No. 1, Banjara Hills, Hyderabad, Telangana 500034
Authorized capital: ₹13.10 Cr; Paid-up capital: ₹11.59 Cr