Asset ReconstructionIPO Review — Financials, Valuation & Peers
A data-only look at the Asset Reconstruction IPO: restated financials, valuation ratios, the RHP peer group and third-party analyst views. ipostation does not rate IPOs — nothing here is a recommendation.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 574.11 | 305.34 | 416.36 | 2,462.51 | 2,795.34 | 149.95 | — |
| FY 2025 | 623.4 | 355.32 | 491.88 | 2,767.8 | 3,263.82 | 305.93 | — |
| FY 2026 | 785.08 | 407.84 | 588.93 | 3,079.39 | 4,460.85 | 1,205.5 | 12.55 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- RoNW
- 13.95%
- Debt / Equity
- 0.39
- EPS (pre-issue)
- ₹12.55
- EPS (post-issue)
- ₹12.55
- EBITDA Margin
- 78.21%
- PAT Margin
- 51.95%
- NAV / share
- ₹94.78
As of 31 Mar 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Promoters & Shareholding
Promoters: <p>Avenue India Resurgence Pte.Ltd., State Bank of India</p>
- Holding (pre-issue)
- 89.68%
- Holding (post-issue)
- 78.67%
- Dilution
- 11.01%
Analysis in brief
Margin and return profile
Beyond the headline pricing, the disclosed operating profile stands on its own numbers. Asset Reconstruction operates at an EBITDA margin of 78.21% and a net (PAT) margin of 51.95% — the share of revenue retained at the operating and the net level respectively. These are offer-document figures for the latest reported period (as of 31 Mar 2026); they describe the business as disclosed, not how the stock will trade.
Financials
In FY2026, Asset Reconstruction reported revenue of ₹785.08 crore and a net profit of ₹407.84 crore. Revenue grew from ₹574.11 crore in FY2024 to ₹785.08 crore in FY2026 (+37.0%). Net worth stood at ₹3,079.39 crore at the end of FY2026. At the upper band, that puts the issue at roughly 11.1× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Promoters
The promoters of the company are <p>Avenue India Resurgence Pte.Ltd., State Bank of India</p>. Promoter holding stands at 89.68% before the issue and comes down to 78.67% after listing.
Frequently asked questions
- Who are the promoters of Asset Reconstruction and what is their holding?
- The promoters are <p>Avenue India Resurgence Pte.Ltd., State Bank of India</p>. Promoter holding is 89.68% before the issue and 78.67% after listing.