NSE: ALANKIT · BSE: 531082
ALANKIT LIMITED
Earns revenue through a portfolio of diversified commercial services operated via 7 subsidiaries. The largest segment — labelled 'Services' — contributed 65.4% of Q4 FY26 segment revenue at ₹82.11 crore, while 'Product Sales' contributed 27.3% at ₹34.27 crore. The subsidiary lineup includes Alankit Assignments Limited, which acts as the group's Registrar and Share Transfer Agent and handles dematerialisation of physical share certificates; Alankit Forex, a foreign exchange business; Alankit Technologies, an IT services arm; Verasys Limited; and Alankit Imaginations Limited, a wholly owned subsidiary into which the board approved further investment in March 2026. The Services segment is the most profitable, generating EBIT of ₹13.82 crore against ₹2.23 crore from Product Sales in Q4 FY26. FY26 consolidated revenue stood at ₹343.49 crore. With materials at 0% of revenue, the business is people-driven — employee costs account for 13.1% of revenue and other operating expenses 24.8%. Outstanding borrowings were ₹4.33 crore as of March 2026, and the board approved selling gold held as an investment. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Segment A - Services (65%), Segment B - Product Sales (27%), Unallocated (7%), Segment C - IT Enabled Services (0%). Asset-light, people-driven diversified commercial services group with negligible raw material input.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 128 | 312 | 236 | 301 | 343 |
| EBITDA (ex other income) | 10 | (38) | 24 | 27 | 9 |
| margin % | 7.9 | (12.3) | 10.1 | 8.9 | 2.7 |
| Owners' profit | 2 | (34) | 22 | 20 | 21 |
| EPS, as reported (₹) | 0.16 | (2.07) | 0.96 | 0.73 | 0.70 |
| ROE % · ROCE % | 2.0 · 5.8 | (19.4) · (18.3) | 7.4 · 9.2 | 6.8 · 10.6 | 6.1 · 7.3 |
| Debt / equity (x) | 0.14 | 0.07 | 0.15 | 0.04 | 0.05 |
| Cash from operations | 2 | (49) | 10 | 34 | (22) |
| Capex | (2) | (12) | (72) | 0 | 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 | 64 | 73 | 102 | 91 | 80 | 72 | 101 | 78 |
| Profit before tax | 6 | 5 | 11 | 9 | 5 | 6 | 4 | 8 |
| Net profit | 4 | 5 | 5 | 6 | 4 | 8 | 2 | 5 |
| EPS (₹) | 0.12 | 0.19 | 0.16 | 0.19 | 0.16 | 0.28 | 0.08 | 0.19 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Segment A - Services | 29 | 7.8 |
| Segment B - Product Sale | 256 | 68.6 |
| Segment C - Financial Services | 22 | 5.9 |
| Unallocated | 12 | 3.2 |
| Segment A -Services | 16 | 4.2 |
| Segment A - Service | 38 | 10.2 |
| Total, before eliminations | 373 | 100.0 |
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. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 13,278 | 21.8 | 8.92 | 12.7 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 9,301 | 106.7 | 31.09 | 5.9 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,214 | 17.3 | 2.41 | 12.2 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,587 | 16.1 | 11.92 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,553 | 199.2 | 10.46 | 4.7 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,794 | 18.9 | 4.10 | 14.4 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,657 | 37.3 | 2.72 | 27.7 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 4,074 | — | 7.92 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.7 | 13.5 | 28 of 80 | 65% |
| P/B | 0.6 | 1.4 | 27 of 96 | 72% |
| ROCE | 6.5 | 3.4 | 39 of 103 | 63% |
| ROE | 6.1 | 2.9 | 40 of 113 | 65% |
| Debt / Equity | 0.1 | 0.1 | 39 of 91 | 57% |
| EBITDA margin | 13.4 | 25.4 | 54 of 92 | 42% |
| Revenue growth | (14.4) | 16.2 | 68 of 91 | 26% |
| Profit growth | (10.8) | 5.2 | 69 of 110 | 38% |
| Market cap | 206 | 48 | 32 of 109 | 71% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Oct 2026 · Promoter group member converts 1.65 crore warrants into Alankit shares | fund raising | high | — | — |
| 8 Oct 2026 · Alankit allots 1.65 cr shares to promoter on warrant conversion | fund raising | medium | — | — |
| 8 Oct 2026 · Alankit: Promoter Alka Agarwal acquires 5 crore warrants via preferential allotment | ownership changes | high | — | — |
| 7 Oct 2026 · Warrants Converted: Promoter Group Allotment of 1.65 Crore Equity Shares | fund raising | high | — | — |
| 5 Oct 2026 · Alankit allots 5 crore convertible warrants to promoter group at Rs 8.60 | fund raising | high | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 and HY FY27 results | compliance | minimal | — | — |
| 11 Sept 2026 · Newspaper ad on special window to convert physical shares into demat | compliance | minimal | — | — |
| 10 Sept 2026 · Alankit AGM 2026 results: 26 resolutions passed, 10cr warrants approved | compliance | low | — | — |
| 9 Sept 2026 · Management Committee records revised valuation report for preferential issue | fund raising | medium | — | — |
| 8 Sept 2026 · Alankit 37th AGM: 26 resolutions voted, includes 10cr warrants issue | board shareholder meetings | low | — | — |
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.