Homre pulls in NTPC veteran to run its biomass bet

Tipsheet Editorial — Mon, 15 Jun 2026 17:38:06 GMT

Homre Ltd is turning to a 42-year NTPC veteran to steer its pivot from trading to biomass pellet manufacturing. Surendra Pal Sharma takes over as executive director from June 15.

What’s new

Appointed Surendra Pal Sharma as Executive Director for one year from June 15, 2026.
Sharma spent 42+ years at NTPC, retiring as Additional General Manager.
He will oversee the company's pivot from trading to biomass pellet manufacturing.

Why it matters

For a nano-cap with a market cap of just ₹45 cr, hiring a director with NTPC-calibre credentials signals seriousness about its renewable energy pivot. Sharma's engineering and project execution background directly supports the new biomass plants. It doesn't fix profitability overnight, but it addresses a credibility gap that often hampers small-cap turnarounds.

What we’re watching

Shareholder approval for the appointment (pending).
Execution of the planned Morena biomass plant.
Whether the company can return to profit after a Q4 FY26 loss.

The full read

Homre is betting that a 42-year NTPC veteran can give its biomass pivot the heft it needs. Surendra Pal Sharma, who retired as Additional General Manager at NTPC, joins as Executive Director from June 15, 2026, for a one-year term. His brief: oversee the company's shift from trading into manufacturing biomass pellets and briquettes—a new plant in Madhya Pradesh is already planned. For a nano-cap with a market cap of just ₹45 cr and a recent quarterly loss of ₹1 cr, a director with IIT Roorkee and NTPC credentials is a serious upgrade. The move doesn't change the numbers today, but it signals that management is serious about building operational depth in renewables. The open question: whether the business can match the credibility of the hire.

Primary source: BSE · NSE

Homre Ltd standalone profit jumps 14x to ₹119 lakhs in FY26

Tipsheet Editorial — Wed, 20 May 2026 19:14:13 GMT

Consolidated net loss of ₹2.4 lakhs due to deferred tax tempers the standalone improvement for the nano-cap firm.

What’s new

Standalone PBT surged 14x to ₹119 lakhs on marginal revenue growth.
Consolidated net loss of ₹2.4 lakhs due to a large deferred tax charge.
Routine appointment of a company secretary; unmodified audit opinion.

Why it matters

A 14x profit jump from a tiny base is optically strong, but the consolidated loss shows hidden tax costs. For a ₹62-cr market cap, the standalone improvement needs to be sustained to matter; one year of low-base earnings does not change the storyline.

What we’re watching

Whether revenue growth picks up from the marginal 1-2% level.
If the deferred tax charge recurs or is one-off.
Any follow-up guidance from management on future profitability.

The full read

Homre Ltd posted a sharp standalone profit jump in FY26, with PBT rising to ₹119 lakhs from ₹8.5 lakhs a year ago. Revenue inched up to ₹1,577 lakhs, barely moving. The consolidated picture tells a different story: a net loss of ₹2.4 lakhs after a deferred tax charge wiped out the standalone gain. For a nano-cap with a ₹62-cr market cap, the standalone improvement is notable but the low base means the next year will be the real test. The filing also confirmed an unmodified audit opinion and the routine appointment of a company secretary. Nothing in the numbers suggests a structural shift yet.

Primary source: BSE · NSE

Homre Ltd. (TRITON) — Tipsheet

Homre pulls in NTPC veteran to run its biomass bet

What’s new

Why it matters

What we’re watching

The full read

Homre Ltd standalone profit jumps 14x to ₹119 lakhs in FY26

What’s new

Why it matters

What we’re watching

The full read