Absolute Projects (India) Limited
- Unlisted share
- Energy & Power
- ISIN INE0L7001038
At a glance
Sales
FY25
₹307 Cr
+23.5%on FY24What the company earned from its customers in the year.
Profit
FY25
₹21 Cr
+43.4%on FY24What was left after every cost and tax was paid.
Market valuecalculated
₹366 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY25
₹103 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Absolute Projects (India) Limited
- ISIN
- INE0L7001038
- Sector
- Energy & Power
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹85.14
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Absolute Projects (India) Limited
Absolute Projects (India) is a power-sector EPC contractor that builds transmission lines, substations and distribution networks on a turnkey basis and also makes transmission towers and related structures. It was set up in 1995, has its registered office in New Delhi and works out of Noida. The Ola family, led by chairman and managing director Ranjeet Singh Ola, held 72% before the planned IPO.
Written from: nsearchives.nseindia.com, crisilratings.com
Listing status. Draft Red Herring Prospectus dated 30 March 2026 filed for a fresh issue of up to 2,00,00,000 shares, to list on BSE and NSE. Not yet listed as far as could be confirmed. Draft Red Herring Prospectus dated 30 March 2026 (NSE)
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Energy & Power
- ISIN
- INE0L7001038
- Year of incorporation
- 1995
- Corporate office
- Noida, Uttar Pradesh
- Promoters
- Ranjeet Singh Ola, Deependra Singh Ola, Monika Bhukar Ola, Sunita Ola Dhaka, Vaishali Ola and Kamla Devi Ola (72.00% together)
- Key people
- Chairman and Managing Director: Ranjeet Singh Ola; Whole-time Director and CEO: Deependra Singh Ola; CFO: Saumya Kanta Dash
- Permanent employees
- 61 people
- Face value per share
- ₹2
- Equity shares outstanding
- 4,30,13,585 shares
- CIN
- U74999DL1995PLC065160
- Official website
- apil-online.com
Read from: Draft Red Herring Prospectus dated 30 March 2026 (NSE), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
15.9×
At this price you pay ₹15.9 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
3.55×
At this price you pay ₹3.55 for every ₹1 of net worth on the company's books.
Profit margincalculated
6.8%
Out of every ₹100 of sales, ₹6.8 was left as profit.
Return on equitycalculated
20.3%
For every ₹100 of the owners' money, the company made ₹20.3 of profit in the year.
- Indicative price
- ₹85.14
- Market valuecalculated
- ₹366 Cr
- price × shares
- No. of shares
- 4,30,13,585
- EPS
- ₹5.35
- Book value per share
- ₹24.01
- Face value
- ₹2
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2024-25. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Absolute Projects (India) Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY25: ₹141 Cr to ₹307 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY25: ₹2.9 Cr to ₹21 Cr.
| Particulars | FY23 | FY24 | FY25Latest |
|---|---|---|---|
| Revenue from operations | 140.99 | 248.25 | 306.67▲24% |
| Other income | 0.69 | 2.83 | 5.45▲93% |
| Total income | 141.68 | 251.07 | 312.12▲24% |
| Depreciation and amortisation | 0.36 | 0.54 | 0.66▲24% |
| Finance costs | 2.32 | 3.33 | 4.53▲36% |
| Profit before tax | 4.1 | 19.68 | 29.24▲49% |
| Profit after tax | 2.9 | 14.65 | 21▲43% |
| Earnings per share (basic) (₹) | 0.85 | 4.26 | 5.35▲26% |
Rupees crore unless marked, standalone. The change shown is the latest year against the year before. Read from: Draft Red Herring Prospectus dated 30 March 2026 (NSE).
Credit rating. CRISIL BBB/Stable (long-term fund-based facilities) and CRISIL A3+ (short-term non-fund-based facilities) (As of 24 November 2025) Draft Red Herring Prospectus dated 30 March 2026 (NSE)
Ownership
Shareholding pattern
Who owns the company
As of 30 March 2026 (pre-issue, per DRHP)
- Promoters and Promoter Group72.00%
- Ranjeet Singh Ola (promoter)34.01%
- Public28.00%
- Deependra Singh Ola (promoter)18.59%
- Monika Bhukar Ola (promoter)8.06%
- Sunita Ola Dhaka (promoter)5.46%
- Total172.00%
Read from: Draft Red Herring Prospectus dated 30 March 2026 (NSE)
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 23 Jul 20253,45,137 shares of ₹10 (before the later split to ₹2) issued at ₹350 each. The amount is the ₹1,207.98 lakh shown as net proceeds from share issues in the six months to 30 September 2025. | Preferential allotment | Equity shares | ₹350 | ₹12 Cr |
| 21 Sept 202452,900 shares of ₹100 (before the splits) issued at ₹2,850 each. Net proceeds from all share issues in FY2024-25 were ₹2,552.41 lakh. | Preferential allotment | Equity shares | ₹2,850 | Not stated |
| 2 Sept 2024877 shares of ₹100 (before the splits) issued at ₹2,850 each. | Preferential allotment | Equity shares | ₹2,850 | Not stated |
| 28 Aug 202435,781 shares of ₹100 (before the splits) issued at ₹2,850 each. | Preferential allotment | Equity shares | ₹2,850 | Not stated |
| 22 Mar 202450,000 shares of ₹100 issued at par; the FY2023-24 cash flow shows ₹50 lakh from share issues. | Rights issue | Equity shares | ₹100 | ₹1 Cr |
Read from: Draft Red Herring Prospectus dated 30 March 2026 (NSE)
Leadership
Management
Ranjeet Singh Ola
Chairman and Managing Director
Deependra Singh Ola
Whole-time Director and Chief Executive Officer
Saumya Kanta Dash
Chief Financial Officer
Monika Bhukar Ola
Executive Director
Madan Singh Kala
Non-Executive Independent Director
Madhav Singh
Non-Executive Independent Director
Brajendra Kumar
Non-Executive Independent Director
Raman Rastogi
Company Secretary and Compliance Officer
Read from: Draft Red Herring Prospectus dated 30 March 2026 (NSE)
Corporate calendar
Events
- 30 Mar 2026DRHP filingDraft Red Herring Prospectus filed for an IPO of up to 2 crore new shares on BSE and NSEOpen
- 5 Dec 2025EGMShareholders approve the IPO by special resolution (board approval on 3 December 2025)Open
- 18 Nov 2025SplitShares sub-divided from ₹10 to ₹2 face valueOpen
- 23 Jul 2025Share issuePreferential allotment of 3,45,137 shares at ₹350 eachOpen
- 10 May 2025SplitShares sub-divided from ₹100 to ₹10 face valueOpen
- 17 Jan 2023Rating actionCRISIL withdraws its 'issuer not cooperating' B+/Stable/A4 ratings at the company's requestOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Absolute Projects (India) Limited on WhatsAppIs the price shown for Absolute Projects (India) Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Absolute Projects (India) Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Absolute Projects (India) Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Absolute Projects (India) Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.