About Sterling Greenwoods Limited
Data last updated:
Sterling Greenwoods Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 14 May 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L51100GJ1992PLC017646. Its GSTIN is 24AACCS6819A1ZP (Gujarat). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 526500.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.24 Cr. It was formerly known as Sterling Enterprises Ltd. It is led by directors including Deepak Mukesh Kalani (Managing Director) and Narender Saini (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 25 Sunrise Centre Opp;Drive – Incinema Thaltej, Ahmedabad, Gujarat, India – 380052.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹6 Lakh, a decline of 94.9% compared to the previous year. For the same year it recorded a net loss of ₹1.26 Cr and EBITDA of -₹58 Lakh. The net worth stands at ₹10.9 Cr (down 9.4% YoY). Total assets are valued at ₹25.1 Cr (down 7% YoY).
The company has about 24 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Sterling Greenwoods. As per MCA filings, the company has open charges of ₹1.42 Cr and satisfied charges of ₹7.99 Cr on record. Court records list 49 cases involving the company, including 19 filed by the company and 30 filed against it; 12 cases are pending. The company has 19 deals on record (19 market trades); the latest was in August 2018.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sterlinggreenwoods.com.
Company details
CIN history
Sterling Greenwoods has one previous CIN (Corporate Identification Number): U51100GJ1992PTC017646. The current CIN is L51100GJ1992PLC017646, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51100GJ1992PLC017646 | Current |
| U51100GJ1992PTC017646 | Previous |
Contact details
Sterling Greenwoods Limited's registered office is in Ahmedabad, Gujarat. Its website is sterlinggreenwoods.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address25 Sunrise Centre Opp;Drive – Incinema Thaltej, Ahmedabad, Gujarat, India – 380052
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Sterling Greenwoods Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Sterling Greenwoods operates one associated brand: Sterling Greenwoods. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential and commercial properties are developed by Sterling Greenwoods. | sterlinggreenwoods.com |
Financials of Sterling Greenwoods Limited
FY 2025-26 filings availableSterling Greenwoods Limited reported revenue of ₹6 Lakh (down 94.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.06 | 1.18 | 1.90 | 3.47 | 1.74 | 2.15 | 2.84 |
| Revenue growth | -94.9% | -37.9% | -45.2% | +99.4% | -19.1% | -24.3% | - |
| EBITDA | (0.58) | (0.09) | (1.54) | (0.57) | (0.70) | 0.14 | (0.47) |
| EBITDA margin | -966.7% | -7.6% | -81.1% | -16.4% | -40.2% | +6.5% | -16.6% |
| Profit before tax | (1.61) | (1.10) | (2.52) | (1.55) | (0.96) | (0.38) | (1.62) |
| Net profit | (1.26) | (0.63) | (1.86) | (1.20) | (0.77) | (0.30) | (1.19) |
| Net profit margin | -2100.0% | -53.4% | -97.9% | -34.6% | -44.3% | -14.0% | -41.9% |
| EPS (₹) | (2.96) | (2.09) | (4.37) | (2.81) | (1.77) | (0.75) | (2.74) |
| Balance sheet | |||||||
| Total assets | 25.10 | 26.99 | 26.52 | 28.56 | 28.18 | 29.63 | 30.45 |
| Net worth | 10.90 | 12.03 | 12.79 | 14.66 | 16.03 | 17.12 | 17.60 |
| Total debt | 13.60 | 14.15 | 12.65 | 12.83 | 11.04 | 11.64 | 11.93 |
| Cash & bank | 0.01 | 2.50 | 0.08 | 0.18 | 0.07 | 1.44 | 1.29 |
| Net working capital | 0.74 | 3.01 | (0.14) | 2.05 | 1.59 | 2.66 | 2.31 |
| Cash flow | |||||||
| Cash from operations | (0.97) | (0.77) | 1.21 | (0.48) | (0.05) | 0.74 | (1.89) |
| Cash from investing | 0.03 | 2.90 | (0.08) | (0.36) | (0.04) | 0.01 | (0.08) |
| Cash from financing | (1.55) | 0.29 | (1.23) | 0.95 | (0.14) | (0.63) | 1.81 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.09 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 1.13 | 0.01 |
| Revenue growth (YoY) | +800.0% | 0.0% | -99.1% | 0.0% | -96.6% | +100.0% | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | (0.01) | (0.05) | (0.12) | (0.03) | (0.25) | (0.18) | 0.86 | (0.18) |
| EBITDA margin | -14.3% | - | - | - | - | - | +95.6% | - |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.00 | 0.02 | 0.02 | 0.01 | 0.02 |
| Interest | 0.27 | 0.27 | 0.14 | 0.28 | 0.28 | 0.28 | 0.30 | 0.31 |
| Profit before tax | (0.29) | (0.33) | (0.27) | (0.31) | (0.55) | (0.48) | 0.55 | (0.51) |
| Tax | 0.00 | 0.00 | (0.35) | 0.00 | 0.00 | 0.00 | (0.21) | 0.00 |
| Net profit | (0.29) | (0.33) | 0.08 | (0.31) | (0.55) | (0.48) | 0.76 | (0.51) |
| EPS (₹) | (0.70) | (0.77) | 0.50 | (0.75) | (1.29) | (1.14) | 1.79 | (1.19) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.06 | 1.18 | 1.90 | 3.47 | 1.74 | 2.15 | 2.84 |
| Revenue growth | -94.9% | -37.9% | -45.2% | +99.4% | -19.1% | -24.3% | - |
| EBITDA | (0.57) | (0.08) | (1.51) | (0.56) | (0.68) | 0.15 | (0.45) |
| EBITDA margin | -950.0% | -6.8% | -79.5% | -16.1% | -39.1% | +7.0% | -15.9% |
| Profit before tax | (1.60) | (1.09) | (2.49) | (1.54) | (0.94) | (0.37) | (1.60) |
| Net profit | (1.25) | (0.62) | (1.83) | (1.19) | (0.75) | (0.29) | (1.17) |
| Net profit margin | -2083.3% | -52.5% | -96.3% | -34.3% | -43.1% | -13.5% | -41.2% |
| EPS (₹) | (2.67) | (2.06) | (4.28) | (2.78) | (1.74) | (0.73) | (2.71) |
| Balance sheet | |||||||
| Total assets | 25.07 | 26.95 | 26.48 | 28.96 | 28.56 | 30.00 | 30.81 |
| Net worth | 10.96 | 12.09 | 12.85 | 15.15 | 16.51 | 17.59 | 18.07 |
| Total debt | 13.56 | 14.12 | 12.61 | 12.80 | 11.01 | 11.60 | 11.90 |
| Cash & bank | 0.01 | 2.50 | 0.08 | 0.18 | 0.07 | 1.44 | 1.29 |
| Net working capital | 0.74 | 3.01 | (0.13) | 2.05 | 1.59 | 2.66 | 2.31 |
| Cash flow | |||||||
| Cash from operations | (0.97) | (0.77) | 0.76 | (0.47) | (0.04) | 0.76 | (1.87) |
| Cash from investing | 0.03 | 2.90 | 0.37 | (0.37) | (0.05) | 0.00 | (0.08) |
| Cash from financing | (1.55) | 0.29 | (1.23) | 0.95 | (0.14) | (0.64) | 1.80 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.09 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 1.13 | 0.01 |
| Revenue growth (YoY) | +800.0% | 0.0% | -99.1% | 0.0% | -96.6% | +100.0% | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.10 | 0.07 | 0.12 | 0.04 | 0.26 | 0.20 | 0.27 | 0.18 |
| EBITDA | (0.01) | (0.05) | (0.11) | (0.03) | (0.25) | (0.18) | 0.86 | (0.17) |
| EBITDA margin | -14.3% | - | - | - | - | - | +95.6% | - |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.00 | 0.02 | 0.02 | 0.01 | 0.02 |
| Interest | 0.27 | 0.27 | 0.14 | 0.28 | 0.28 | 0.28 | 0.30 | 0.31 |
| Profit before tax | (0.29) | (0.33) | (0.26) | (0.31) | (0.55) | (0.48) | 0.55 | (0.50) |
| Tax | 0.00 | 0.00 | (0.35) | 0.00 | 0.00 | 0.00 | (0.21) | 0.00 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.09 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 1.13 | 0.01 |
| Revenue growth (YoY) | +800.0% | 0.0% | -99.1% | 0.0% | -96.6% | +100.0% | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | (0.01) | (0.05) | (0.12) | (0.03) | (0.25) | (0.18) | 0.86 | (0.18) |
| EBITDA margin | -14.3% | - | - | - | - | - | +95.6% | - |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.00 | 0.02 | 0.02 | 0.01 | 0.02 |
| Interest | 0.27 | 0.27 | 0.14 | 0.28 | 0.28 | 0.28 | 0.30 | 0.31 |
| Profit before tax | (0.29) | (0.33) | (0.27) | (0.31) | (0.55) | (0.48) | 0.55 | (0.51) |
| Tax | 0.00 | 0.00 | (0.35) | 0.00 | 0.00 | 0.00 | (0.21) | 0.00 |
| Net profit | (0.29) | (0.33) | 0.08 | (0.31) | (0.55) | (0.48) | 0.76 | (0.51) |
| EPS (₹) | (0.70) | (0.77) | 0.50 | (0.75) | (1.29) | (1.14) | 1.79 | (1.19) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.06 | 1.18 | 1.90 | 3.47 | 1.74 | 2.15 | 2.84 |
| Revenue growth | -94.9% | -37.9% | -45.2% | +99.4% | -19.1% | -24.3% | - |
| Other income | 0.00 | 0.27 | 0.59 | 0.43 | 1.18 | 0.40 | 0.35 |
| Total expenses | 0.64 | 1.27 | 3.44 | 4.04 | 2.44 | 2.01 | 3.31 |
| Employee cost | 0.00 | 0.47 | 1.48 | 1.47 | 0.90 | 0.71 | 1.40 |
| EBITDA | (0.58) | (0.09) | (1.54) | (0.57) | (0.70) | 0.14 | (0.47) |
| EBITDA margin | -966.7% | -7.6% | -81.1% | -16.4% | -40.2% | +6.5% | -16.6% |
| Depreciation | 0.05 | 0.07 | 0.53 | 0.55 | 0.52 | 0.57 | 0.47 |
| Interest | 0.98 | 1.21 | 1.04 | 0.86 | 0.92 | 0.35 | 1.03 |
| Profit before tax | (1.61) | (1.10) | (2.52) | (1.55) | (0.96) | (0.38) | (1.62) |
| Tax | (0.35) | (0.21) | (0.66) | (0.36) | (0.19) | (0.06) | (0.43) |
| Net profit | (1.26) | (0.63) | (1.86) | (1.20) | (0.77) | (0.30) | (1.19) |
| Net profit margin | -2100.0% | -53.4% | -97.9% | -34.6% | -44.3% | -14.0% | -41.9% |
| EPS (₹) | (2.96) | (2.09) | (4.37) | (2.81) | (1.77) | (0.75) | (2.74) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.29 | 4.29 | 4.29 | 4.29 | 4.29 | 4.29 | 4.29 |
| Reserves & surplus | 6.61 | 7.74 | 8.50 | 10.37 | 11.74 | 12.83 | 13.31 |
| Shareholders' funds (net worth) | 10.90 | 12.03 | 12.79 | 14.66 | 16.03 | 17.12 | 17.60 |
| Minority interest | (0.03) | (0.03) | (0.03) | (0.03) | (0.03) | (0.02) | (0.02) |
| Secured loans | 0.04 | 0.34 | 0.92 | 1.00 | 0.81 | 2.01 | 2.06 |
| Unsecured loans | 13.56 | 13.81 | 11.73 | 11.83 | 10.23 | 9.63 | 9.87 |
| Total debt | 13.60 | 14.15 | 12.65 | 12.83 | 11.04 | 11.64 | 11.93 |
| Total liabilities | 25.10 | 26.99 | 26.52 | 28.56 | 28.18 | 29.63 | 30.45 |
| Assets | |||||||
| Gross block | 50.18 | 51.69 | 35.12 | 35.01 | 34.79 | 34.78 | 34.30 |
| Net block | 19.71 | 19.78 | 22.75 | 23.31 | 23.67 | 24.30 | 24.43 |
| Capital work in progress | 0.26 | 0.26 | 0.26 | 0.29 | 0.26 | 0.26 | 0.26 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.65 |
| Inventories | 3.74 | 3.74 | 3.75 | 3.77 | 3.69 | 3.38 | 3.53 |
| Sundry debtors | 0.78 | 0.77 | 0.06 | 0.06 | 0.12 | 0.08 | 0.22 |
| Cash & bank balances | 0.01 | 2.50 | 0.08 | 0.18 | 0.07 | 1.44 | 1.29 |
| Loans & advances | 0.22 | 1.46 | 1.66 | 2.71 | 2.34 | 2.44 | 2.39 |
| Total current assets | 4.75 | 8.47 | 5.55 | 6.72 | 6.22 | 7.34 | 7.43 |
| Total current liabilities | 4.01 | 5.46 | 5.69 | 4.67 | 4.63 | 4.68 | 5.12 |
| Net working capital | 0.74 | 3.01 | (0.14) | 2.05 | 1.59 | 2.66 | 2.31 |
| Total assets | 25.10 | 26.99 | 26.52 | 28.56 | 28.18 | 29.63 | 30.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.50 | 0.08 | 0.18 | 0.07 | 0.30 | 0.18 | 0.34 |
| Net cash from operating activities | (0.97) | (0.77) | 1.21 | (0.48) | (0.05) | 0.74 | (1.89) |
| Net cash from investing activities | 0.03 | 2.90 | (0.08) | (0.36) | (0.04) | 0.01 | (0.08) |
| Net cash from financing activities | (1.55) | 0.29 | (1.23) | 0.95 | (0.14) | (0.63) | 1.81 |
| Net change in cash | (2.49) | 2.42 | (0.10) | 0.11 | (0.23) | 0.12 | (0.15) |
| Closing cash | 0.01 | 2.50 | 0.08 | 0.18 | 0.07 | 1.44 | 1.29 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -94.9% | -37.9% | -45.2% | +99.4% | -19.1% | -24.3% | - |
| EBITDA growth | -544.4% | +94.2% | -170.2% | +18.6% | -600.0% | +129.8% | - |
| PBT growth | -46.4% | +56.4% | -62.6% | -61.5% | -152.6% | +76.5% | -80.0% |
| Net income growth | -100.0% | +66.1% | -55.0% | -55.8% | -156.7% | +74.8% | - |
| Revenue CAGR (3Y) | -100.0% | -12.1% | -4.0% | +6.9% | -22.7% | -22.1% | +2.3% |
| EBITDA CAGR (3Y) | +3.9% | -49.5% | - | +6.6% | - | -47.9% | -28.8% |
| Profitability & leverage | |||||||
| Net income margin | - | -75.4% | -97.9% | -34.3% | -44.3% | -14.9% | -41.9% |
| Return on capital employed | 0.0% | 0.0% | 0.0% | -3.6% | -0.2% | -0.1% | -2.8% |
| Return on net worth | 0.0% | 0.0% | 0.0% | -18.9% | -10.2% | -4.0% | -13.4% |
| Debt / equity | 5.19 | 3.70 | 2.62 | 1.88 | 1.53 | 1.46 | 1.20 |
| Long-term debt / equity | 0.10 | 0.16 | 0.37 | 0.45 | 0.35 | 0.31 | 0.28 |
| Interest cover | -142.03 | -756.25 | -50.24 | -76.79 | -75.41 | -81.40 | -109.57 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.00 | 0.03 | 0.07 | 0.13 | 0.07 | 0.09 | 0.11 |
| Inventory turnover | 0.00 | 0.32 | 0.51 | 0.93 | 0.49 | 0.62 | 0.80 |
| Debtors turnover | 0.00 | 2.84 | 31.67 | 38.56 | 17.40 | 14.33 | 17.75 |
| EPS (₹) | (2.93) | (2.09) | (4.37) | (2.81) | (1.77) | (0.75) | (2.74) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 4.91 | 7.55 | 9.33 | 13.35 | 16.22 | 18.43 | 19.23 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.09 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 1.13 | 0.01 |
| Revenue growth (YoY) | +800.0% | 0.0% | -99.1% | 0.0% | -96.6% | +100.0% | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.10 | 0.07 | 0.12 | 0.04 | 0.26 | 0.20 | 0.27 | 0.18 |
| EBITDA | (0.01) | (0.05) | (0.11) | (0.03) | (0.25) | (0.18) | 0.86 | (0.17) |
| EBITDA margin | -14.3% | - | - | - | - | - | +95.6% | - |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.00 | 0.02 | 0.02 | 0.01 | 0.02 |
| Interest | 0.27 | 0.27 | 0.14 | 0.28 | 0.28 | 0.28 | 0.30 | 0.31 |
| Profit before tax | (0.29) | (0.33) | (0.26) | (0.31) | (0.55) | (0.48) | 0.55 | (0.50) |
| Tax | 0.00 | 0.00 | (0.35) | 0.00 | 0.00 | 0.00 | (0.21) | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.06 | 1.18 | 1.90 | 3.47 | 1.74 | 2.15 | 2.84 |
| Revenue growth | -94.9% | -37.9% | -45.2% | +99.4% | -19.1% | -24.3% | - |
| Other income | 0.00 | 0.27 | 0.59 | 0.43 | 1.18 | 0.40 | 0.35 |
| Total expenses | 0.63 | 1.26 | 3.41 | 4.03 | 2.42 | 2.00 | 3.29 |
| Employee cost | 0.00 | 0.47 | 1.48 | 1.47 | 0.89 | 0.71 | 1.40 |
| EBITDA | (0.57) | (0.08) | (1.51) | (0.56) | (0.68) | 0.15 | (0.45) |
| EBITDA margin | -950.0% | -6.8% | -79.5% | -16.1% | -39.1% | +7.0% | -15.9% |
| Depreciation | 0.05 | 0.07 | 0.53 | 0.55 | 0.52 | 0.57 | 0.47 |
| Interest | 0.98 | 1.21 | 1.04 | 0.86 | 0.92 | 0.35 | 1.03 |
| Profit before tax | (1.60) | (1.09) | (2.49) | (1.54) | (0.94) | (0.37) | (1.60) |
| Tax | (0.35) | (0.21) | (0.66) | (0.36) | (0.19) | (0.06) | (0.43) |
| Net profit | (1.25) | (0.62) | (1.83) | (1.19) | (0.75) | (0.29) | (1.17) |
| Net profit margin | -2083.3% | -52.5% | -96.3% | -34.3% | -43.1% | -13.5% | -41.2% |
| EPS (₹) | (2.67) | (2.06) | (4.28) | (2.78) | (1.74) | (0.73) | (2.71) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.29 | 4.29 | 4.29 | 4.29 | 4.29 | 4.29 | 4.29 |
| Reserves & surplus | 6.67 | 7.80 | 8.56 | 10.86 | 12.22 | 13.30 | 13.78 |
| Shareholders' funds (net worth) | 10.96 | 12.09 | 12.85 | 15.15 | 16.51 | 17.59 | 18.07 |
| Secured loans | 0.04 | 0.34 | 0.92 | 1.00 | 0.81 | 2.01 | 2.06 |
| Unsecured loans | 13.52 | 13.78 | 11.69 | 11.80 | 10.20 | 9.59 | 9.84 |
| Total debt | 13.56 | 14.12 | 12.61 | 12.80 | 11.01 | 11.60 | 11.90 |
| Total liabilities | 25.07 | 26.95 | 26.48 | 28.96 | 28.56 | 30.00 | 30.81 |
| Assets | |||||||
| Gross block | 55.29 | 57.64 | 34.28 | 34.17 | 33.95 | 33.94 | 34.10 |
| Net block | 18.87 | 18.95 | 21.91 | 22.47 | 22.83 | 23.46 | 24.23 |
| Capital work in progress | 0.26 | 0.26 | 0.26 | 0.29 | 0.26 | 0.26 | 0.26 |
| Investments | 0.80 | 0.80 | 0.81 | 1.26 | 1.25 | 1.24 | 1.23 |
| Inventories | 3.74 | 3.74 | 3.75 | 3.77 | 3.69 | 3.38 | 3.53 |
| Sundry debtors | 0.78 | 0.77 | 0.06 | 0.06 | 0.12 | 0.08 | 0.22 |
| Cash & bank balances | 0.01 | 2.50 | 0.08 | 0.18 | 0.07 | 1.44 | 1.29 |
| Loans & advances | 0.22 | 1.46 | 1.66 | 2.71 | 2.34 | 2.44 | 2.39 |
| Total current assets | 4.75 | 8.47 | 5.55 | 6.72 | 6.22 | 7.34 | 7.43 |
| Total current liabilities | 4.01 | 5.46 | 5.68 | 4.67 | 4.63 | 4.68 | 5.12 |
| Net working capital | 0.74 | 3.01 | (0.13) | 2.05 | 1.59 | 2.66 | 2.31 |
| Total assets | 25.07 | 26.95 | 26.48 | 28.96 | 28.56 | 30.00 | 30.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.50 | 0.08 | 0.18 | 0.07 | 0.30 | 0.18 | 0.33 |
| Net cash from operating activities | (0.97) | (0.77) | 0.76 | (0.47) | (0.04) | 0.76 | (1.87) |
| Net cash from investing activities | 0.03 | 2.90 | 0.37 | (0.37) | (0.05) | 0.00 | (0.08) |
| Net cash from financing activities | (1.55) | 0.29 | (1.23) | 0.95 | (0.14) | (0.64) | 1.80 |
| Net change in cash | (2.49) | 2.42 | (0.10) | 0.11 | (0.23) | 0.12 | (0.15) |
| Closing cash | 0.01 | 2.50 | 0.08 | 0.18 | 0.07 | 1.44 | 1.29 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -94.9% | -37.9% | -45.2% | +99.4% | -19.1% | -24.3% | - |
| EBITDA growth | -612.5% | +94.7% | -169.6% | +17.7% | -553.3% | +133.3% | - |
| PBT growth | -45.9% | +56.2% | -61.7% | -63.8% | -154.1% | +76.9% | -81.8% |
| Net income growth | -101.6% | +66.1% | -53.8% | -58.7% | -158.6% | +75.2% | - |
| Revenue CAGR (3Y) | -100.0% | -12.1% | -4.0% | +6.9% | -22.7% | -22.1% | +2.3% |
| EBITDA CAGR (3Y) | +3.5% | -51.0% | - | +7.6% | - | -47.4% | -29.6% |
| Profitability & leverage | |||||||
| Net income margin | - | -74.6% | -96.3% | -34.0% | -43.1% | -14.4% | -41.2% |
| Return on capital employed | 0.0% | 0.0% | 0.0% | -3.5% | -0.1% | -0.1% | -2.7% |
| Return on net worth | 0.0% | 0.0% | 0.0% | -17.1% | -9.3% | -3.6% | -12.3% |
| Debt / equity | 4.82 | 3.50 | 2.41 | 1.71 | 1.41 | 1.35 | 1.12 |
| Long-term debt / equity | 0.04 | 0.07 | 0.29 | 0.39 | 0.32 | 0.28 | 0.26 |
| Interest cover | -146.27 | -806.67 | -50.98 | -77.48 | -76.67 | -83.33 | -111.96 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.00 | 0.03 | 0.07 | 0.14 | 0.07 | 0.09 | 0.11 |
| Inventory turnover | 0.00 | 0.32 | 0.51 | 0.93 | 0.49 | 0.62 | 0.80 |
| Debtors turnover | 0.00 | 2.84 | 31.67 | 38.56 | 17.40 | 14.33 | 17.75 |
| EPS (₹) | (2.90) | (2.06) | (4.28) | (2.78) | (1.74) | (0.73) | (2.71) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 5.37 | 8.01 | 9.79 | 14.82 | 17.66 | 19.84 | 20.61 |
To see the full year-wise statements and ratios of Sterling Greenwoods Limited, buy the company report.
Board of directors of Sterling Greenwoods Limited
Sterling Greenwoods has 5 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivani Tarangbhai Shah Also directs: SSSG Estate LLP | Director | 23 Apr 2022 | 4 Years 6 Months | Current |
| Umang Devjibhai Gohel | Additional Director | 14 Nov 2025 | 0 Years 11 Months | Current |
| Deepak Mukesh Kalani | Managing Director | 19 Sep 2025 | 1 Years 1 Months | Current |
| Narender Saini | Whole-Time Director | 12 Dec 2023 | 2 Years 10 Months | Current |
| Sunny Mandalia | Director | 02 Aug 2023 | 3 Years 3 Months | Current |
Auditor
Sterling Greenwoods Limited is audited by Keyur Bavishi & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Keyur Bavishi & Co. | FY 2023 | 131191W |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 48.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 51.60%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 48.40% | 48.40% | 48.40% | 48.40% |
| Public | 51.60% | 51.60% | 51.60% | 51.60% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 2003 | 90112768 | The Ahmedabad Peoples Co. Op. Bank Ltd | ₹60 Lakh | Open | |
| 07 Sep 1998 | 90107713 | The Visnagar Sahakari Bnk Ltd | ₹20 Lakh | Open | |
| 01 Apr 1997 | 90107616 | The Ahmedabad Peoples Co-Op. Bank Ltd | ₹30 Lakh | Open | |
| 14 Feb 1996 | 90112292 | The Visnagar Sahakari Bank Ltd | ₹1.85 Lakh | Open | |
| 25 Jan 1994 | 90107517 | The Visnagar Sahakari Bnk Ltd | ₹20 Lakh | Open |
To see the full charge records of Sterling Greenwoods Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Sterling Greenwoods Limited has 19 deals on record (19 market trades); the latest was in August 2018.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2015 | Market trade | ₹2.7 Lakh | Buyer: an individual Seller: Paksh Developers Private Limited |
| Dec 2009 | Market trade | ₹12.1 Lakh | Buyer: JMP Securities Private Limited |
| Dec 2009 | Market trade | ₹1 Cr | Buyer: JMP Securities Private Limited , an individual Seller: JMP Securities Private Limited , an individual |
| Dec 2009 | Market trade | ₹54.2 Lakh | Buyer: an individual Seller: Angel One Limited , an individual |
| Dec 2009 | Market trade | ₹93.5 Lakh | Buyer: Angel One Limited Seller: Angel One Limited , an individual |
To see the full deal history of Sterling Greenwoods Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sterling Greenwoods Limited has 49 court cases on record: 19 filed by Sterling Greenwoods, 30 filed against it. 12 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 2 | 2 |
| High courts | 15 | 14 | 8 |
| NCLT | 15 | 14 | 2 |
| NCLAT | 2 | 0 | 0 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Appeal | Filed against the company by Paksh Developers Pvt. Ltd. Throu Director, Anurag Dineshchandra Agrawal and 1 other | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA SC) | Filed by the company against Paksh Developers Private Limited and 4 others | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against M/S. Bigshare Services Pvt. Ltd. and 10 others | Disposed |
| District court, GANDHINAGAR, Gujarat | Court case (SPCS) | Filed by the company against Paksh Developers Private Limited and 4 others | Disposed |
| District court, Ahmedabad, Gujarat | Civil suit | Filed against the company | Pending |
To see the full case history of Sterling Greenwoods Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sterling Greenwoods Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sterling Greenwoods has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sterling Resorts Pvt Ltd | U55101GJ1986PTC008664 |
To see the full group structure of Sterling Greenwoods Limited, buy the company report.
Employees & EPFO
Sterling Greenwoods Limited has a workforce of 24 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Sterling Greenwoods has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCS6819A1ZP | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sterling Greenwoods Limited, buy the company report.
Recent activity
Sterling Greenwoods Limited has 52 board changes on record since 1992: 29 appointments and 23 cessations. The latest: Umang Devjibhai Gohel was appointed as Additional Director on 14 Nov 2025.
75 earlier events are in the company report.
Frequently asked questions
Sterling Greenwoods is an active public limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 14 May 1992 (34+ years old) and is registered under CIN L51100GJ1992PLC017646. Listed on BSE: 526500.
Sterling Greenwoods reported revenue of ₹6 Lakh for FY 2025-26 (down 94.9% YoY) based on consolidated financials.
Sterling Greenwoods has 5 current directors:
- Deepak Mukesh Kalani - Managing Director
- Narender Saini - Whole-Time Director
- Shivani Tarangbhai Shah - Director
- Umang Devjibhai Gohel - Additional Director
- Sunny Mandalia - Director
The latest financial statements of Sterling Greenwoods on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sterling Greenwoods is 24AACCS6819A1ZP, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Sterling Greenwoods is L51100GJ1992PLC017646. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Sterling Greenwoods is a listed company as per MCA records. Its shares are listed on BSE (code: 526500).
Sterling Greenwoods has 49 court cases on record: 19 filed by the company and 30 filed against it. 12 are pending. Most are in the district courts.
Sterling Greenwoods was incorporated on 14 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sterling Greenwoods has 19 deals on record (19 market trades); the latest was in August 2018.
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