Investor Presentation for the quarter and year ended March 31, 2026.
DAMCAPITAL · price
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DAM Capital reported a 30% decline in profit after tax to ₹73 Cr for FY26, down from ₹104 Cr, primarily due to no IPO launches in Q4 FY26 amid geopolitical uncertainties and tariffs affecting deal execution timelines. Total income fell 5.2% to ₹237 Cr. The Merchant Banking segment saw revenue decline 2.6% to ₹151 Cr, while Institutional Equities (stock broking) revenue dropped 12.8% to ₹71 Cr due to volatile markets. Despite the near-term headwinds, the company maintained a strong PAT margin of 30.7% and executed 18 ECM transactions raising ₹19,000+ Cr in FY26. The company has a robust pipeline of 25 IPOs (4 added in Q4) and remains debt-free with ₹311 Cr net cash available. Revenue CAGR of 40.8% and PAT CAGR of 103.1% over FY23-FY26 demonstrate strong historical growth.
The 30% PAT decline reflects temporary headwinds from market volatility and delayed IPO activity rather than structural issues. The strong IPO pipeline of 25 transactions and debt-free status provide visibility for recovery. However, near-term pressure on margins and revenue may persist until market conditions stabilize and IPO activity resumes.