Crest Ventures' sales and profit slide draws Strong Sell rating

A market research rating service has kept Crest Ventures Ltd at its lowest grade, 'Strong Sell', with a Mojo Score of 19.0. The rating was last updated on 12 October 2026, and the analysis reflects the stock's position as of 24 October 2026. The Mumbai-based company, which works in financial services and property, has reported falling sales and profit for several quarters.

Sales and profit slide

The company's first-quarter results for the year ending March 2027 were approved by its board on 13 August 2026. On a consolidated basis, total income from operations fell 52% year-on-year to ₹30.3 crore, from ₹63.1 crore. Consolidated net profit after tax was ₹11.5 crore, against ₹25.7 crore in the same quarter of the previous year. On a standalone basis, total income from operations fell 61% to ₹19.2 crore.

The longer picture is also weak. For the year ended March 2026, sales fell 22.10% to ₹159.14 crore and net profit fell 47.09% to ₹46.83 crore, according to the company's consolidated results. In the March 2026 quarter, net profit rose 8.02% to ₹8.35 crore, but sales fell 32.76% to ₹31.98 crore from ₹47.56 crore a year earlier. The rating note says net sales fell 43.78% over the latest six months, to ₹62.22 crore, and profit after tax fell 40.19% to ₹19.69 crore. It counts this as the sixth consecutive quarter of negative results.

Valuation and the rating

The rating reflects four factors: average quality, a very expensive valuation, very negative financial trends and bearish technical signals. The note says the stock is priced high against its fundamentals and its peer group. It cites a price-to-book value of 0.8, which it calls high given a return on equity of 3.6%.

The note also points to the stock's size and ownership. It says the company's market capitalisation is in the microcap range, which can limit liquidity and increase volatility. It adds that the absence of institutional holdings suggests limited confidence from mutual funds. In market data cited in the notes, the share price was ₹352.25 on 19 October 2026, giving a market capitalisation of about ₹1,002 crore.

The rating note calls the Strong Sell grade a cautionary signal for investors considering the stock. It also says that investors seeking stability and growth in the non-banking finance sector may prefer alternatives with stronger fundamentals and more attractive valuations. A rating is an opinion based on published numbers and does not change the company's reported results.

The Chembur project and what to watch

A subsidiary, Crest Urban Living, has a joint development agreement with Vensco Projects LLP for a premium mixed-use project on Golf Course Road in Chembur, Mumbai. The site is a 2.5-acre parcel of nearly 11,000 square metres, with around 5 lakh square feet of saleable area. An earlier report on the partnership, dated 10 January 2026, put the estimated revenue from the project at ₹1,850 crore. The company has not disclosed the investment needed to build it.

The company has issued a notice for its 44th annual general meeting, and has asked shareholders to update their contact details. The date of the meeting has not been confirmed in the notes. The date of the second-quarter results and the next rating review are also not yet known. The timeline for the Chembur project, including launch, possession and approvals, has not been set out in the sources reviewed.

For investors, the next checkpoints are the second-quarter results and whether sales and profit stop falling. For buyers of Crest-branded homes, the notes contain no statement on delivery or pricing for current projects.