Absolute Projects (India) Limited Unlisted Share Up 10.3% (2026)
· 6 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
Absolute Projects (India) Limited unlisted share price moved up 10.3% over the past week, reaching ₹86.0 as of 06 Oct 2026. Here is an overview of the company's financial trend, DRHP filing context, and indicative pricing.
Direct answer: Between 29 Sep 2026 and 06 Oct 2026, the indicative price for Absolute Projects (India) Limited unlisted shares rose 10.3% from ₹78.0 to ₹86.0. Tracked by Absolute Projects (India) Limited on BuyUnlistedShares — BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002, this shift reflects unlisted market activity following its DRHP filing.
Absolute Projects (India) Limited Unlisted Share Price Move Analysis
The indicative price for Absolute Projects (India) Limited unlisted shares recorded a notable weekly gain of +10.3%, increasing from ₹78.0 on 29 Sep 2026 to ₹86.0 as of 06 Oct 2026. Over the prior 90 days, trading in the unlisted market remained within a tight band, opening at ₹75.0 on 09 Jul 2026 before stepping up to ₹82.0 on 22 Jul 2026, then retracing to ₹78.0 through most of August and September 2026.
Per the desk's indicative price records, the 90-day price series ranged from a low of ₹75.0 between 09 Jul 2026 and 21 Jul 2026 to a peak of ₹86.0 on 06 Oct 2026.
Key Unlisted Share Figures and Market Context
As of 07 Oct 2026, Absolute Projects (India) Limited carries an indicative market capitalisation of ₹335.51 Cr based on the price of ₹86.0 per share. The minimum lot size required for unlisted transactions on the desk is 325 shares, translating to a minimum investment value of ₹25,350. The share carries a face value of ₹2.0 and a book value of ₹47.23 per share.
For real-time valuations across Indian unlisted equity, consult our Unlisted shares screener, powered by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002.
Business Operations and Power Infrastructure Portfolio
Incorporated in 1995 (CIN: U74999DL1995PLC065160), Absolute Projects (India) Limited operates as an engineering, procurement, and construction (EPC) enterprise specializing in power transmission and distribution (T&D) infrastructure. Per the issuer's draft offer document, its main operational segments comprise:
- Power EPC Projects: Survey, design, engineering, procurement, installation, testing, and commissioning of electrical substations, transmission lines, and power distribution networks.
- In-House Manufacturing: Production of control panels, switchgear, and structural components at its manufacturing facilities located in Roorkee, Uttarakhand. These items support captive project execution and third-party supply.
- Operations & Maintenance (O&M): Ongoing maintenance and lifecycle support services for operational power T&D assets.
- Civil Construction: Targeted civil works ancillary to substation construction and power project setups.
The client base primarily consists of state and central government utilities, public-sector undertakings (PSUs), and regional electricity boards, with limited private-sector engagements.
Financial Performance Trend and DRHP Filings
Absolute Projects (India) Limited filed its Draft Red Herring Prospectus (DRHP) with SEBI on 30 Mar 2026, and the document was made public on 16 Apr 2026. The financial records included in the DRHP and desk updates highlight top-line and profit expansion across recent fiscal periods.
Financial figures show steady top-line growth from ₹141 Cr in FY23 to ₹314.5 Cr in FY26, alongside EBITDA expansion from ₹6.1 Cr to ₹44.4 Cr.
Revenue from operations grew from ₹141 Cr in FY23 to ₹248.2 Cr in FY24, reaching ₹306.7 Cr in FY25 and ₹314.5 Cr in FY26. Profit after tax (PAT) similarly rose from ₹3 Cr in FY23 to ₹14.6 Cr in FY24, ₹21 Cr in FY25, and ₹30.5 Cr in FY26. Operating margins expanded from 4.33% in FY23 to 9.46% in FY25. Balance sheet metrics indicate total assets of ₹380 Cr, net worth of ₹145.8 Cr, and reserves of ₹137.2 Cr as of 2026.
Investors tracking pre-IPO developments can compare sector moves against coverage such as the Ekkaa Electronics IPO & Unlisted Shares Overview (2026) or review recent price declines detailed in Fino Paytech Limited Unlisted Share Price Drops 10.2% (2026). Check the IPO calendar for listing timelines across mainboard and SME segments.
Strengths, Risk Factors, and Shareholding Structure
As of 07 Oct 2026, promoter shareholding stands at 89.15%, with non-promoter holdings making up the remaining 10.85% across 4,30,13,585 total outstanding equity shares. Key parameters and operational risks identified in the draft prospectus include:
- Government Sector Dependency: Order inflows depend significantly on public-sector budget allocations and utility tendering cycles.
- Working Capital Intensity: EPC project execution requires ongoing working capital funding; working capital changes stood at -₹95.2 Cr in FY25.
- Leverage and Debt: Total borrowings reached ₹88.6 Cr in FY25 and ₹112.6 Cr in FY26, creating ongoing debt servicing responsibilities.
- Unlisted Market Liquidity: Unlisted equity shares lack formal stock exchange liquidity prior to potential public listing and subject investors to holding lock-in periods.
To explore unlisted investment details and get indicative price quotes for Absolute Projects (India) Limited, submit an enquiry with BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002.
| Item | Value | As of |
|---|---|---|
| Indicative price | ₹86 | 7 Oct 2026 |
| Lot size | 325 shares | 7 Oct 2026 |
| Minimum investment | ₹25,350 | 7 Oct 2026 |
| Market cap | ₹336 Cr | 7 Oct 2026 |
| Face value | ₹2 | 7 Oct 2026 |
| Book value | ₹47.23 | 7 Oct 2026 |
| P/E | 15.57 | 7 Oct 2026 |
| ISIN | INE0L7001038 | 7 Oct 2026 |
| Sector | Industrials | 7 Oct 2026 |
| Listing status | UNLISTED | 7 Oct 2026 |
Frequently Asked Questions
What caused the weekly price change in Absolute Projects (India) Limited unlisted shares?
Between 29 Sep 2026 and 06 Oct 2026, indicative prices rose 10.3% from ₹78.0 to ₹86.0. Unlisted share price movements reflect market demand and desk transaction updates following corporate developments such as DRHP filings.
What is the minimum lot size for buying Absolute Projects (India) Limited unlisted shares?
The minimum transaction size is 325 shares, which requires a minimum investment of ₹25,350 based on the indicative price of ₹86.0 per share as of 06 Oct 2026.
When was Absolute Projects (India) Limited's DRHP filed with SEBI?
Absolute Projects (India) Limited filed its Draft Red Herring Prospectus on 30 Mar 2026, and SEBI published the document on 16 Apr 2026.
What are the core business operations of Absolute Projects (India) Limited?
The company provides power EPC services for substations and distribution networks, manufactures electrical control panels and switchgear in Roorkee, Uttarakhand, and offers operations and maintenance services.
Does BuyUnlistedShares recommend buying or selling Absolute Projects (India) Limited shares?
No. BuyUnlistedShares provides market data and transaction facilitation support, but does not offer investment advice, buy/sell ratings, or listing price guarantees.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
