Peninsula Land Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Peninsula Land Ltd trades at ₹15.6, in a downtrend and 50 weeks into that stage. That is −21.4% against its own 200-day average. It sits at 4% of a 52-week range of ₹15 to ₹35. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).

Today the stock is in a downtrend — week 50 of stage 4, confirmed. At ₹15.6 it trades −21.4% versus its 200-day average and sits at 4% of its 52-week range (₹15–₹35).

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved −6% while the NIFTY 500 moved +273% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-09-04) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Peninsula Land Ltd trades at 53.0× P/E, about the priciest it has ever traded. Its long-run median P/E is 15.5×, measured across 3.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 53.0× is about the priciest it has ever traded, against a long-run median of 15.5× measured over 3.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

The price move, decomposed: over 3y, of the −21.8%/yr price move, ~−14.6%/yr came from earnings growth and ~−7.2 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Peninsula Land Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 8 quarters across 2 curves, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

34.0/100 — rank 24 of 26 in Realty - Construction & Contracting · 69% evidence confidence

Peninsula Land Ltd scores 34.0 out of 100 against the 26 companies it is compared with in Realty - Construction & Contracting, ranking 24. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 11.5 + 6.7 + 10 + 5.8 = 34. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Peninsula Land Ltd reported ₹23.4 Cr of revenue in the Jun 26 quarter, −37.6% year on year. Over 10 years it has compounded at 2.1% a year. The last full year, FY26, came in at ₹140 Cr. The last four reported quarters add to ₹129 Cr.

FY26 revenue came in at ₹140 Cr (−44.4% on the year), capping 10 years at 2.1% compound. The latest quarter (Jun 26) printed ₹23.4 Cr, −37.6% year on year.

Pace check: the last four quarters averaged −45.9% growth against the decade's 2.1% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −50.7% over the last 4 quarters against −44.5%/yr over the last 8 — rolling over.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Peninsula Land Ltd's operating margin is −19.4% in the Jun 26 quarter, −43.7 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −113.0% to 23.0%. The current quarter sits inside that band.

The latest quarter's operating margin is −19.4%, −43.7 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −113.0%–23.0%.

🚨 Why the margin moved: operating margin went −43.7 pp year on year while gross margin went +4.5 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Peninsula Land Ltd posted a net loss of ₹7.7 Cr in the Jun 26 quarter. The full FY26 year was a loss of ₹154 Cr. That loss is 33.0% of the quarter's revenue. The same quarter a year earlier lost ₹5.0 Cr. 8 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹−7.7 Cr, null year on year. On the full year, FY26 printed ₹−154 Cr (null).

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 90% of Peninsula Land Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹57.0 Cr of operating cash against ₹−154 Cr of profit. After ₹1.0 Cr of capital spending, ₹56.0 Cr was left as free cash.

FY26: operating cash of ₹57.0 Cr against reported profit of ₹−154 Cr, leaving free cash of ₹56.0 Cr after ₹1.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 90% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 90%: the cash cycle tightened 922 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: the bigger cash user is investment — capital spending ran 17.6× depreciation over three years, so the next section's job is to check what that build-out is buying.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Peninsula Land Ltd's cash conversion cycle runs 2,078 days in FY26, down from 3,000 days in FY21. Capital spending ran ₹300 Cr over the last 3 years. At FY26 sales of ₹140 Cr each day of that cycle holds about ₹0.4 Cr, so roughly ₹797 Cr sits inside the business at any moment.

FY26: debtors at 29 days, inventory at 3,405 days — roughly 112.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 2,078 days, tighter than FY21's 3,000.

The full loop: cash goes out to suppliers and production on day 0; stock waits 3,405 days to sell; customers pay about 29 days after that; and suppliers themselves are paid at 1,356 days — netting out to the 2,078-day cycle.

In money terms: at FY26 sales of ₹140 Cr, each day of the cycle holds about ₹0.4 Cr — so the 2,078-day loop keeps roughly ₹797 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹300 Cr over the last 3 fiscal years against ₹17.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Peninsula Land Ltd earns a ROCE of 5% in FY26. That is up from a trough of −16% in FY20. Return on invested capital clears the cost of that capital by −10.7 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is −110.0% net margin on 0.21× asset turns.

FY26 ROCE is 5%, recovered from a FY20 trough of −16% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): −110.0% net margin × 0.21× asset turns × 9.35× balance-sheet leverage ≈ −216.0% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 1.3% − 12.0% = a −10.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Peninsula Land Ltd carries ₹302 Cr of borrowings against ₹71.0 Cr of equity in FY26, a debt-to-equity of 4.25. Operating profit covers the interest bill 0×. Over 5 years borrowings went from ₹1,081 Cr to ₹302 Cr. Capital spending ran ₹300 Cr across the last 3 of those years.

FY26: borrowings of ₹302 Cr against equity of ₹71.0 Cr — a debt-to-equity of 4.25. Operating profit covers the interest bill 0×. Over 5 years borrowings went from ₹1,081 Cr to ₹302 Cr while capital spending ran ₹300 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters added 2.4 points of Peninsula Land Ltd over 8 quarters, the biggest move on the register. That takes promoters to 67.7% of the company. Domestic institutions moved −0.2 points over the same window, to 0.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: +2.4 points over 8 quarters to 67.7%; Domestic institutions: −0.2 points over 8 quarters to 0.3%; Foreign institutions: −0.1 points over 8 quarters to 0.0%.

Why the register moved: promoters drove it (+2.4 points) — steady accumulation by institutions reading the same numbers this page reads.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Peninsula Land Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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