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Supreme Holdings & Hospitality Ltd

SUPREME

NSE

₹28.76-2.48%19 Oct 2026

Reports

Construction Factories and Offices and Commercial

Supreme Holdings & Hospitality Ltd

SUPREME

NSE

₹28.76

-2.48%

19 Oct 2026

SOICxStockScans Reports

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Construction Factories and Offices and Commercial

Indices

Business Overview: What the company does, in plain English.Growth Catalysts: The forward growth drivers and triggers.

Supreme Holdings & Hospitality is a debt-free luxury-home builder that sells apartments the way a craftsman’s workshop might - one project at a time, with the owner’s name on the door. The company began in 1982 as a private firm, was acquired by the Jatia group in 1987, and later absorbed hotel and trading businesses before pivoting entirely to real estate in 2011 under the “Belmac” brand. Everything it does flows from a single, recurring approach: buy land in a government-planned growth corridor, build a self-contained township with far more open space than the norm, and sell the finished homes directly to families - carrying no debt while it does so.

Business segments

Two engines at different stages - a completed-townships business that has delivered over 500 homes across two projects, and a pipeline of future townships on a land bank positioned for the new airport city taking shape nearby.

1. Completed townships: the homes that built the brand

Two fully finished luxury townships in Pune and Panvel have already placed over 500 families, establishing Belmac as a builder that sells space and light, not just square feet.

Sold directly, recognised slowly - the company sells apartments straight to homebuyers with no middlemen, and it books revenue over the construction period using the percentage-of-completion method, matching income to the costs actually incurred on each tower. This means revenue from a single project can appear across several financial years, reflecting the phased delivery of towers.
Amenities as a selling point, not an afterthought - Belmac Residences alone packs more than 40 facilities into its clubhouse, including a spa, salon, jacuzzi, Zumba room and a business centre, while Riverside adds a pet park, volleyball court and a multi-sport turf. The amenities are built and handed over with the towers, so a family moves into a functioning community, not a construction site.

2. Future townships: a land bank waiting for an airport

An 11.83-acre parcel in Panvel, plus a smaller site already under construction, together represent a pipeline with a targeted development value exceeding ₹2,500 crore - all located inside a government-planned city that will surround India’s newest international airport.

Land inside the new city plan - the future township sits in Town Planning Scheme-2 within the NAINA area, a CIDCO-managed zone created specifically to organise growth around the Navi Mumbai International Airport, whose first phase targets 20 million passengers a year and a LEED Gold rating, with a test flight completed in December 2024 and the domestic terminal inaugurated in April 2025. Because the land is inside an official planning scheme, infrastructure - roads, metro corridors, the Virar-Alibag Multimodal Corridor - is being built by the state, not by the company.
A ₹400-crore land cushion - the 11.83-acre parcel has been independently revalued at ₹400 crore, which the company notes is 1.3 times its own stock-market value. That means the land alone, before a single brick is laid, is worth more than the entire company as priced by the public markets.
Height clearance unlocks density - in November 2025, the Airports Authority of India approved a building height of 159.10 metres for the TPS 3 land, and the company had already submitted its Intimation of Disapproval application to the municipal authority. With height permission secured, the project can rise to high-rise towers that multiply the saleable area on the same footprint, targeting roughly 3.1 million square feet in the first phase.
A small project already in motion - Belmac Codename Infinity, a single G+10 tower on 0.56 acres in TPS 2, received its Commencement Certificate in July 2024, broke ground in December 2024, and carries a Gross Development Value of about ₹90 crore, with revenue expected to begin flowing from Q3 FY2025-26. It is the test case that proves the company can navigate NAINA’s approval machinery before it scales up to the larger site.

Group structure and partners

A lean, family-led holding company with three subsidiaries that exist to supply materials and contracting services to its own projects - not to build outside businesses.

Three subsidiaries, one purpose - Belmaac City Developers (incorporated May 2022) holds a construction licence, Visana Infrastructure (incorporated May 2022, 90% owned) acts as a works contractor and deals in construction materials, and Helmet Traderz is a wholly owned legacy entity. All three serve the parent’s development projects, keeping procurement and contracting in-house.
Related-party sourcing - Shrilekha Trading, a firm where a director’s relative is a director, supplies iron, steel and other construction materials to the company and also brokers flat sales. This creates a tight supply chain, though it means material costs are set by entities close to management.
A hotel loan on the books - Grandeour Hotels, another related party, owed the company ₹4.97 crore as of FY25. It is a legacy receivable from the group’s earlier hospitality interests, not a real-estate asset.
No foreign entanglements - the company has no foreign investments, collaborations or subsidiaries, and a plan to form a partnership firm called Belmaac Township Developers in 2022 was aborted within a month for commercial reasons. The structure is deliberately simple and entirely domestic.

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Price

Charts

Documents

Edit Ratios

Mkt Cap

Market Capitalization

₹111Cr

Close Price

₹28.76

Industry

Construction Factories and Offices and Commercial

Price To Earnings

151.37

Price To Sales

18.93

Revenue

₹6Cr

Rev Gr TTM

Revenue Growth TTM

-86.41%

PAT Gr TTM

PAT Growth TTM

-89.82%

Consolidated

Standalone

Numbers

Percentage

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	24	14	20	23	23	20	0	0	0	1	2	2
Growth YoY Revenue Growth YoY%	56.1	-37.4	18.0	70.8	-3.6	39.0	-99.2	-99.3	-99.6	-93.4	1,223.5	1,287.5
Expenses ExpensesCr	22	13	20	19	19	15	3	1	1	2	3	2
Operating Profit Operating ProfitCr	2	1	0	5	4	4	-3	-1	-1	0	-1	0
OPM OPM%	9.2	10.4	-1.3	19.4	19.0	22.8	-1,594.1	-706.3	-620.0	-35.4	-32.4	-5.9
Other Income Other IncomeCr	2	1	2	1	1	1	1	1	1	1	1	1
Interest Expense Interest ExpenseCr	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	5	2	1	5	5	5	-2	0	0	0	0	1
Tax TaxCr	2	1	0	1	1	1	0	0	0	0	0	0
PAT PATCr	3	1	2	4	4	4	-2	0	0	0	0	0
Growth YoY PAT Growth YoY%	9.2	-73.9	-16.8	83.5	38.0	237.5	-206.3	-98.7	-93.4	-97.0	94.7	660.0
NPM NPM%	12.3	9.1	8.0	16.3	17.7	22.0	-994.1	31.3	270.0	10.0	-4.0	17.1
EPS EPS₹	0.8	0.3	0.4	1.0	1.1	1.1	-0.5	0.0	0.1	0.0	0.0	0.1

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	24	14	20	23	23	20	0	0	0	1	2	2
Growth YoY Revenue Growth YoY%	56.1	-37.4	18.0	70.8	-3.6	39.0	-99.2	-99.3	-99.6	-93.4	1,223.5	1,287.5
Expenses ExpensesCr	22	13	20	19	19	15	3	1	1	2	3	2
Operating Profit Operating ProfitCr	2	1	0	5	4	4	-3	-1	-1	0	-1	0
OPM OPM%	9.2	10.4	-1.3	19.4	19.0	22.8	-1,594.1	-706.3	-620.0	-35.4	-32.4	-5.9
Other Income Other IncomeCr	2	1	2	1	1	1	1	1	1	1	1	1
Interest Expense Interest ExpenseCr	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	5	2	1	5	5	5	-2	0	0	0	0	1
Tax TaxCr	2	1	0	1	1	1	0	0	0	0	0	0
PAT PATCr	3	1	2	4	4	4	-2	0	0	0	0	0
Growth YoY PAT Growth YoY%	9.2	-73.9	-16.8	83.5	38.0	237.5	-206.3	-98.7	-93.4	-97.0	94.7	660.0
NPM NPM%	12.3	9.1	8.0	16.3	17.7	22.0	-994.1	31.3	270.0	10.0	-4.0	17.1
EPS EPS₹	0.8	0.3	0.4	1.0	1.1	1.1	-0.5	0.0	0.1	0.0	0.0	0.1

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	0	6	49	55	78	45	76	73	72	66	4	6
Growth Revenue Growth%			706.0	12.5	43.5	-42.3	68.9	-4.3	-1.9	-7.6	-94.3	-86.4
Expenses ExpensesCr	0	7	46	52	71	44	62	62	66	56	7	8
Operating Profit Operating ProfitCr	0	-1	2	3	8	1	15	11	6	11	-3	-2
OPM OPM%		-23.5	4.3	5.5	9.8	2.6	19.0	15.3	8.5	16.1	-77.2	-33.0
Other Income Other IncomeCr	0	1	1	1	0	0	2	4	6	4	4	3
Interest Expense Interest ExpenseCr	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	0	0	3	4	8	1	15	14	12	14	1	1
Tax TaxCr	0	0	1	1	1	0	3	2	4	3	0	0
PAT PATCr	0	0	2	3	7	1	13	12	8	11	0	1
Growth PAT Growth%	102.6	-5,033.0	970.4	81.8	123.3	-80.3	866.0	-7.3	-33.9	33.0	-96.6	-89.8
NPM NPM%		-3.2	3.4	5.6	8.7	3.0	16.9	16.3	11.0	15.9	9.3	11.8
EPS EPS₹	0.0	-0.1	0.5	0.9	1.9	0.4	3.6	3.4	2.1	2.1	0.1	0.2

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	0	6	49	55	78	45	76	73	72	66	4	6
Growth Revenue Growth%			706.0	12.5	43.5	-42.3	68.9	-4.3	-1.9	-7.6	-94.3	-86.4
Expenses ExpensesCr	0	7	46	52	71	44	62	62	66	56	7	8
Operating Profit Operating ProfitCr	0	-1	2	3	8	1	15	11	6	11	-3	-2
OPM OPM%		-23.5	4.3	5.5	9.8	2.6	19.0	15.3	8.5	16.1	-77.2	-33.0
Other Income Other IncomeCr	0	1	1	1	0	0	2	4	6	4	4	3
Interest Expense Interest ExpenseCr	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	0	0	3	4	8	1	15	14	12	14	1	1
Tax TaxCr	0	0	1	1	1	0	3	2	4	3	0	0
PAT PATCr	0	0	2	3	7	1	13	12	8	11	0	1
Growth PAT Growth%	102.6	-5,033.0	970.4	81.8	123.3	-80.3	866.0	-7.3	-33.9	33.0	-96.6	-89.8
NPM NPM%		-3.2	3.4	5.6	8.7	3.0	16.9	16.3	11.0	15.9	9.3	11.8
EPS EPS₹	0.0	-0.1	0.5	0.9	1.9	0.4	3.6	3.4	2.1	2.1	0.1	0.2

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	35	35	35	35	35	35	35	35	37	39	39
Reserves ReservesCr	40	50	50	51	55	54	66	501	511	529	530
Current Liabilities Current LiabilitiesCr	31	72	48	50	47	47	45	61	37	31	26
Non Current Liabilities Non Current LiabilitiesCr	36	4	23	19	13	1	1	1	1	1	1
Total Liabilities Total LiabilitiesCr	142	161	157	156	150	138	148	599	587	600	595
Current Assets Current AssetsCr	132	129	128	128	126	117	123	153	145	158	155
Non Current Assets Non Current AssetsCr	10	32	28	28	24	21	25	446	442	442	440
Total Assets Total AssetsCr	142	161	157	156	150	138	148	599	587	600	595

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	35	35	35	35	35	35	35	35	37	39	39
Reserves ReservesCr	40	50	50	51	55	54	66	501	511	529	530
Current Liabilities Current LiabilitiesCr	31	72	48	50	47	47	45	61	37	31	26
Non Current Liabilities Non Current LiabilitiesCr	36	4	23	19	13	1	1	1	1	1	1
Total Liabilities Total LiabilitiesCr	142	161	157	156	150	138	148	599	587	600	595
Current Assets Current AssetsCr	132	129	128	128	126	117	123	153	145	158	155
Non Current Assets Non Current AssetsCr	10	32	28	28	24	21	25	446	442	442	440
Total Assets Total AssetsCr	142	161	157	156	150	138	148	599	587	600	595

Consolidated

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	-47	21	10	21	4	10	34	7	-36	-11	-2
Investing Cash Flow Investing Cash FlowCr	0	-15	10	-5	4	-2	-3	-39	33	4	-1
Financing Cash Flow Financing Cash FlowCr	48	-6	-19	-10	-9	-11	0	1	3	9	0
Net Cash Flow Net Cash FlowCr	1	0	1	5	-1	-3	31	-31	-1	2	-3
Free Cash Flow Free Cash FlowCr	-47	21	9	20	3	10	34	7	-36	-11	-2
CFO To PAT CFO To PAT%	-12,06,767.6	-10,835.4	591.1	678.4	63.7	730.4	265.9	55.9	-460.7	-102.2	-682.7
CFO To EBITDA CFO To EBITDA%	18,069.7	-1,470.7	477.7	680.9	56.6	820.9	235.5	59.9	-595.4	-100.7	82.3

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	-47	21	10	21	4	10	34	7	-36	-11	-2
Investing Cash Flow Investing Cash FlowCr	0	-15	10	-5	4	-2	-3	-39	33	4	-1
Financing Cash Flow Financing Cash FlowCr	48	-6	-19	-10	-9	-11	0	1	3	9	0
Net Cash Flow Net Cash FlowCr	1	0	1	5	-1	-3	31	-31	-1	2	-3
Free Cash Flow Free Cash FlowCr	-47	21	9	20	3	10	34	7	-36	-11	-2
CFO To PAT CFO To PAT%	-12,06,767.6	-10,835.4	591.1	678.4	63.7	730.4	265.9	55.9	-460.7	-102.2	-682.7
CFO To EBITDA CFO To EBITDA%	18,069.7	-1,470.7	477.7	680.9	56.6	820.9	235.5	59.9	-595.4	-100.7	82.3

Consolidated

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	146	99	44	87	33	50	129	311	160	367	171	111
Price To Earnings Price To Earnings			26.5	28.4	4.8	37.5	10.0	26.0	20.4	34.9	442.4	151.4
Price To Sales Price To Sales		16.4	0.9	1.6	0.4	1.1	1.7	4.3	2.2	5.5	44.9	18.9
Price To Book Price To Book	1.9	1.2	0.5	1.0	0.4	0.6	1.3	2.7	1.3	2.5	1.2	0.8
EV To EBITDA EV To EBITDA	-786.9	-107.4	37.1	34.4	5.6	44.1	6.8	28.0	26.4	34.4	-59.3	-60.4
Profitability Ratios Profitability Ratios
GPM GPM%		11.3	16.0	14.5	19.2	15.8	27.6	25.7	19.7	26.2	7.2	7.2
OPM OPM%		-23.5	4.3	5.5	9.8	2.6	19.0	15.3	8.5	16.1	-77.2	-33.0
NPM NPM%		-3.2	3.4	5.6	8.7	3.0	16.9	16.3	11.0	15.9	9.3	11.8
ROCE ROCE%	0.0	-0.3	2.5	3.2	7.2	1.2	14.6	2.6	2.1	2.4	0.1	0.1
ROE ROE%	0.0	-0.2	1.9	3.5	7.5	1.5	12.6	2.2	1.4	1.9	0.1	0.1
ROA ROA%	0.0	-0.1	1.1	1.9	4.5	1.0	8.7	2.0	1.4	1.8	0.1	0.1
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	146	99	44	87	33	50	129	311	160	367	171	111
Price To Earnings Price To Earnings			26.5	28.4	4.8	37.5	10.0	26.0	20.4	34.9	442.4	151.4
Price To Sales Price To Sales		16.4	0.9	1.6	0.4	1.1	1.7	4.3	2.2	5.5	44.9	18.9
Price To Book Price To Book	1.9	1.2	0.5	1.0	0.4	0.6	1.3	2.7	1.3	2.5	1.2	0.8
EV To EBITDA EV To EBITDA	-786.9	-107.4	37.1	34.4	5.6	44.1	6.8	28.0	26.4	34.4	-59.3	-60.4
Profitability Ratios Profitability Ratios
GPM GPM%		11.3	16.0	14.5	19.2	15.8	27.6	25.7	19.7	26.2	7.2	7.2
OPM OPM%		-23.5	4.3	5.5	9.8	2.6	19.0	15.3	8.5	16.1	-77.2	-33.0
NPM NPM%		-3.2	3.4	5.6	8.7	3.0	16.9	16.3	11.0	15.9	9.3	11.8
ROCE ROCE%	0.0	-0.3	2.5	3.2	7.2	1.2	14.6	2.6	2.1	2.4	0.1	0.1
ROE ROE%	0.0	-0.2	1.9	3.5	7.5	1.5	12.6	2.2	1.4	1.9	0.1	0.1
ROA ROA%	0.0	-0.1	1.1	1.9	4.5	1.0	8.7	2.0	1.4	1.8	0.1	0.1
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

	SWADPOL	ELNET	KEMP	SUPREME	SISL	GROVY	VIRYA
Market CapitalizationMkt CapCr	123	119	119	111	106	106	105
Close PriceClose₹	31.63	297.05	1,098.20	28.76	590.00	60.35	698.35
IndustryIndustry	Construction Factories and Offices and Commercial	Construction Factories and Offices and Commercial	Construction Factories and Offices and Commercial	Construction Factories and Offices and Commercial	Construction Factories and Offices and Commercial	Construction Factories and Offices and Commercial	Construction Factories and Offices and Commercial
Price To EarningsPE	29.29	5.91		151.37	73.84	21.71
Price To SalesPS	12,335.70	4.64	33.61	18.93	2.36	2.01	10,475.25
RevenueRevenueCr	0	26	4	6	45	52	0
Revenue Growth TTMRev Gr TTM%	-97.5%	10.2%	19.7%	-86.4%	49.2%	61.8%
PAT Growth TTMPAT Gr TTM%	83.5%	8.5%	-21.0%	-89.8%	-72.9%	18.1%	-642.9%

	SWADPOL	ELNET	KEMP	SUPREME	SISL	GROVY	VIRYA
Market CapitalizationMkt CapCr	123	119	119	111	106	106	105
Close PriceClose₹	31.63	297.05	1,098.20	28.76	590.00	60.35	698.35
IndustryIndustry	Construction Factories and Offices and Commercial	Construction Factories and Offices and Commercial	Construction Factories and Offices and Commercial	Construction Factories and Offices and Commercial	Construction Factories and Offices and Commercial	Construction Factories and Offices and Commercial	Construction Factories and Offices and Commercial
Price To EarningsPE	29.29	5.91		151.37	73.84	21.71
Price To SalesPS	12,335.70	4.64	33.61	18.93	2.36	2.01	10,475.25
RevenueRevenueCr	0	26	4	6	45	52	0
Revenue Growth TTMRev Gr TTM%	-97.5%	10.2%	19.7%	-86.4%	49.2%	61.8%
PAT Growth TTMPAT Gr TTM%	83.5%	8.5%	-21.0%	-89.8%	-72.9%	18.1%	-642.9%

FY2026

FY2025

FY2024

FY2023

FY2022

FY2021

FY2026

Jun 26