Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · A.F. ENTERPRISES LTD · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
A.F. ENTERPRISES LTD
BSE: 538351
BSE: 538351
Services › Services › Commercial Services & Supplies › Trading & Distributors
A.F. ENTERPRISES LTD
StateQ3 FY25 filed
Last close · 28 Oct 2026₹1.82
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA— · 0.07 · 10.7
A.F. ENTERPRISES LTD is a Commercial Services & Supplies company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY21–FY24 (all audited; no estimate years)
| ₹ crore · consolidated | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|
| Revenue | 38 | 49 | 24 | 9 |
| EBITDA (ex other income) | 3 | 1 | (3) | 0 |
| margin % | 8.6 | 1.6 | (12.5) | 2.4 |
| Owners' profit | 0 | 1 | 0 | 0 |
| EPS, as reported (₹) | 2.19 | 1.04 | 0.26 | (0.25) |
| ROE % · ROCE % | 9.9 · 11.4 | 6.1 · 1.4 | 1.0 · 2.8 | (1.0) · 0.3 |
| Debt / equity (x) | 9.13 | 0.35 | 0.17 | 0.20 |
| Cash from operations | (3) | (9) | 1 | (0) |
| Capex | 0 | 0 | — | (0) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · A.F. ENTERPRISES LTD · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20 | 1 | 1 | 1 | 5 | 1 | 0 | 6 |
| Profit before tax | (2) | (0) | 0 | (0) | 0 | (0) | (0) | (0) |
| Net profit | (2) | (0) | 0 | (0) | 0 | (0) | (0) | (0) |
| EPS (₹) | (1.46) | (0.33) | 0.00 | (0.11) | 0.01 | (0.27) | (0.35) | (0.10) |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY24
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Trading in rough emerald | 0 | 5.1 |
| Trading in Plastic Moulded | 5 | 56.4 |
| Unallocable | 0 | 2.3 |
| Trading in Plastic Moulded Components | 3 | 36.2 |
| Total, before eliminations | 9 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.1 | 0.9 | 5 of 150 | 97% |
| ROCE | (2.0) | 2.1 | 146 of 177 | 18% |
| ROE | (2.3) | 2.3 | 131 of 158 | 17% |
| Debt / Equity | 0.2 | 0.1 | 95 of 154 | 39% |
| EBITDA margin | 2.4 | 4.5 | 88 of 137 | 36% |
| Revenue growth | 369.4 | (8.6) | 10 of 135 | 93% |
| Profit growth | 10.3 | 0.6 | 75 of 157 | 53% |
| Market cap | 3 | 21 | 171 of 179 | 5% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · A.F. ENTERPRISES LTD · 29 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 19 Oct 2026 · Compliance certificate under Reg 74(5) for September 2026 quarter | compliance | minimal | — | — |
| 26 Sept 2026 · Trading Window Closure Ahead of Q2 and H1 FY27 Results | compliance | minimal | — | — |
| 11 Sept 2026 · RTA certificate under Reg 74(5) for Oct-Dec 2025 quarter filed | compliance | minimal | — | — |
| 9 Sept 2026 · Routine RTA compliance certificate for Q4 FY26 | compliance | minimal | — | — |
| 9 Sept 2026 · RTA Certificate Under SEBI Reg 74(5) for Quarter Ended Sept 2025 | compliance | minimal | — | — |
| 9 Sept 2026 · RTA certificate under SEBI Reg 74(5) for quarter ended June 30 2025 | compliance | minimal | — | — |
| 24 Aug 2026 · NCLT approves CIRP withdrawal for AF Enterprises, management restored | regulatory legal | critical | — | — |
| 8 Aug 2026 · NCLT approves withdrawal of CIRP against AF Enterprises | regulatory legal | critical | — | — |
| 13 Jul 2026 · RTA Certificate Under Regulation 74(5) for Quarter Ended June 2026 | compliance | minimal | — | — |
| 26 Jun 2026 · Board approves Q1 FY27 unaudited financial results | results | low | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in