NSE: 21STCENMGM · BSE: 526921
21ST CENTURY MGMT SERVICE
Manages capital market operations focused on equity trading and investments, with results dominated by mark-to-market movements on its equity portfolio. In FY26, total revenue turned negative at Rs. 1,967.51 lakh on a standalone basis on mark-to-market losses, swinging the company to a standalone loss of Rs. 2,204.91 lakh and a consolidated loss of Rs. 2,404.74 lakh. The statutory auditors M/s Shankar & Kishor issued an unmodified opinion on both sets of results. The company is family-promoted, with the promoter group together holding 64.42% of equity, and other equity fell from Rs. 2,887.07 lakh to Rs. 1,245.76 lakh over the year on unrealised losses. It declared no dividend for FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Capital market operations (equity trading and investments) (100%). Small, family-promoted single-segment capital markets entity, highly exposed to equity-market swings
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 260 | (9) | 39 | 113 | (17) |
| EBITDA (ex other income) | 14 | (18) | 33 | 19 | (24) |
| margin % | 5.5 | 197.3 | 85.4 | 17.3 | 142.0 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 13.96 | (17.20) | 30.64 | 11.75 | (22.90) |
| ROE % · ROCE % | 48.1 · 48.2 | (87.3) · (86.1) | 60.4 · 61.6 | 24.2 · 38.1 | (72.7) · (72.2) |
| Debt / equity (x) | 0.03 | 0.48 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 25 | (5) | (3) | 5 | (2) |
| Capex | 0 | 0 | 0 | (5) | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | (2) | (8) | 3 | (7) | (3) | (10) | 10 |
| Profit before tax | 4 | (3) | (9) | 2 | (8) | (6) | (13) | 9 |
| Net profit | 2 | (4) | (11) | 2 | (8) | (6) | (13) | 9 |
| EPS (₹) | 2.30 | (3.54) | (10.29) | 2.20 | (7.51) | (5.34) | (12.26) | 8.70 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| GRETEX CORPORATE SERVICES | 1,816 | 48.7 | 5.70 | 42.1 | 8.8 | 12.2 | — | 47.1 |
| QUEST CAPITAL MARKETS LIMITED | 220 | 13.3 | 0.46 | — | 3.3 | — | — | 57.0 |
| 21ST CENTURY MGMT SERVICE ◆ | 55 | — | 1.67 | — | (72.7) | (72.2) | — | 94.6 |
| MEFCOM CAPITAL MARKETS LTD. | 51 | 24.8 | 2.81 | — | (12.3) | (5.9) | — | 15.1 |
| INTERACTIVE FINANCIAL SERVICES | 8 | 2.2 | 0.24 | — | 11.0 | 15.1 | — | 66.5 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 1.7 | 2.8 | 24 of 65 | 64% |
| ROCE | (72.2) | 16.0 | 33 of 33 | 0% |
| ROE | (72.8) | 11.4 | 65 of 65 | 0% |
| Debt / Equity | 0.0 | 0.0 | 1 of 30 | 72% |
| EBITDA margin | 94.6 | 45.7 | 3 of 64 | 97% |
| Revenue growth | 190.2 | 23.1 | 3 of 58 | 97% |
| Profit growth | 294.7 | 17.6 | 5 of 61 | 93% |
| Market cap | 55 | 940 | 61 of 69 | 12% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 21 Oct 2026 · Board meeting on 29 Oct to consider Q2 FY27 results | results | low | — | — |
| 21 Oct 2026 · Board meeting on 29 Oct 2026 to consider Q2 FY27 results, trading window closed | compliance | minimal | — | — |
| 8 Oct 2026 · Quarterly RTA compliance certificate filed with stock exchanges | compliance | minimal | — | — |
| 7 Oct 2026 · Insider Trading Compliance Certificate for Q2 FY27 | compliance | minimal | — | — |
| 22 Sept 2026 · Trading Window Closed from Oct 1 for Q2 Results | compliance | minimal | — | — |
| 4 Sept 2026 · 40th AGM results: all 5 resolutions passed including MD remuneration and RPT approval | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Chairman reports FY26 loss of Rs 21.98 cr, no dividend at 40th AGM | board shareholder meetings | low | — | — |
| 3 Sept 2026 · 40th AGM held on Sep 3, 2026; all resolutions passed with requisite majority | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Q1FY27 results: revenue up 234% YoY, PAT jumps 284% YoY | results | high | — | — |
| 4 Aug 2026 · Board Meeting Notice on Aug 13 for Q1 FY26 Results | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.