1. M Square commercial monetisation - Thakkers M Square, with over 100 commercial spaces, was completed during FY25. The estate-dealing segment already earns 72-90% PBIT margins, so selling or leasing these units at that rate can lift group EBITDA from the current ₹11.98 cr base.
2. Gangapur Road ultra-luxury launch - A new ultra-luxurious residential and commercial project near Gangapur Road has been announced. This is Nashik's prime corridor, and the company's residential segment has historically delivered 64-89% PBIT margins, making this the highest-margin revenue pipeline in sight.
3. Sawarkar Nagar township - The ultra-luxury residential township at Sawarkar Nagar was launched. With the company's estate-dealing segment at 72% PBIT margin, a full sell-out of this township could more than double the current ₹44 cr annual revenue.
4. Plotted layouts inside city limits - New plotted layouts within corporation limits are upcoming. These are the company's highest-margin product - the estate segment earned 89.55% PBIT in its best year - and they monetise land without construction cost.
5. Kumbh Mela infrastructure push - Nashik hosts the Kumbh Mela in 2026-27, with ₹12,500 cr for 23 major roads and ₹2,747 cr from the municipal corporation. This raises land values and demand for the company's city-limit plots and commercial units exactly when its inventory is ready.
6. Management focus on business development - Mr. Abhishek Narendra Thakker resigned as CFO effective 30 September 2025 to focus exclusively on business development and strategic growth. A promoter freed from finance duties to chase projects is a direct growth lever for a company with just ₹15.64 cr debt and 24.7x interest coverage.