NSE: ALMONDZ · BSE: 531400
ALMONDZ GLOBAL SEC LTD
Earns revenue from three core activities in India's capital markets: consultancy and advisory services, debt and equity market operations, and wealth advisory and broking. Consultancy and advisory fees were the largest line in FY26 at Rs 154.72 crore, followed by debt and equity market operations at Rs 22.21 crore and wealth advisory and broking at Rs 12.85 crore, with small contributions from healthcare activities (Rs 0.13 crore) and others (Rs 0.52 crore). The Infrastructure Advisory arm won Rs 97.32 crore of new business in Q1 FY27, and its Green Fuel joint venture PGIPL recorded Rs 179.33 crore of revenue in the same quarter. An Odisha biofuel plant is reported ready but awaiting OMC tender allotment. Employee cost at Rs 40.41 crore (21.2% of revenue) is the largest cost line, followed by other opex at Rs 23.23 crore (12.2%) and depreciation at Rs 5.69 crore (3.0%). The firm carries no debt and reported full-year revenue of Rs 190.43 crore with net profit of Rs 28.72 crore. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. (b) Consultancy and Advisory fees (50%), (a) Debt and equity market operations (32%), (c) Wealth Advisory / Broking activities (18%). Asset-light capital markets firm with advisory, broking and debt-equity operations
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 69 | 76 | 116 | 150 | 190 |
| EBITDA (ex other income) | 9 | 9 | 31 | 17 | 25 |
| margin % | 13.2 | 11.9 | 26.7 | 11.1 | 13.3 |
| Owners' profit | 19 | 16 | 0 | 17 | 28 |
| EPS, as reported (₹) | 7.17 | 6.10 | 12.43 | 0.00 | 1.65 |
| ROE % · ROCE % | 10.1 · — | 7.5 · — | 15.5 · — | 7.2 · — | 9.8 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 10 | (14) | 19 | (6) | (4) |
| Capex | 0 | 0 | 0 | 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 | 34 | 33 | 53 | 32 | 34 | 52 | 72 | 45 |
| Profit before tax | 2 | 2 | 4 | 4 | 3 | 9 | 1 | 8 |
| Net profit | 3 | 2 | 6 | 7 | 4 | 13 | 5 | 13 |
| EPS (₹) | 0.16 | 0.15 | 0.37 | 0.41 | 0.22 | 0.73 | 0.29 | 0.69 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| (a) Debt and equity market operations | 22 | 11.5 |
| (b) Consultancy and advisory fees | 155 | 81.6 |
| (c) Wealth Advisory / Broking activities | 12 | 6.5 |
| (e) Healthcare activities | 0 | 0.1 |
| (f) Others | 1 | 0.3 |
| Total, before eliminations | 190 | 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. % |
|---|---|---|---|---|---|---|---|---|
| BILLIONBRAINS GARAGE VN L | 1,18,587 | 47.7 | 12.29 | 40.3 | 21.6 | 28.9 | — | 67.8 |
| MOTILAL OSWAL FIN LTD | 58,414 | 29.5 | 4.51 | — | 14.5 | — | 20.9 | 57.7 |
| 360 ONE WAM LIMITED | 40,426 | 31.9 | 4.11 | — | 12.4 | — | 22.0 | 66.8 |
| NUVAMA WEALTH MANAGE LTD | 31,818 | 15.0 | 7.72 | — | 25.2 | — | — | 53.0 |
| ANGEL ONE LIMITED | 26,734 | 5.0 | 4.35 | — | 14.9 | — | 32.4 | 34.2 |
| IIFL CAPITAL SERVICES LTD | 10,845 | 18.9 | 3.53 | — | 18.4 | — | 25.1 | 50.0 |
| SHARE IND. SECURITIES LTD | 3,863 | 10.6 | 1.46 | — | 12.2 | — | 26.8 | 45.5 |
| ANAND RATHI SH N STK BR L | 2,970 | 18.6 | 2.20 | 9.8 | 9.6 | 11.5 | — | 31.2 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.0 | 15.0 | 9 of 33 | 75% |
| P/B | 1.0 | 1.6 | 9 of 40 | 80% |
| ROE | 9.8 | 9.6 | 19 of 40 | 54% |
| EBITDA margin | 23.4 | 31.2 | 27 of 39 | 32% |
| Revenue growth | 40.7 | 22.4 | 7 of 35 | 82% |
| Profit growth | 81.6 | 13.4 | 7 of 38 | 84% |
| Market cap | 303 | 413 | 24 of 42 | 44% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · Board meeting set for quarterly results on 30 October 2026 | board shareholder meetings | low | — | — |
| 12 Oct 2026 · Subsidiary AGICL doubles new order book to Rs 154 crore, total crosses Rs 400 crore | compliance | low | — | — |
| 7 Oct 2026 · Routine demat compliance certificate for Q2 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · Almondz Global Sec: All 11 resolutions passed at 32nd AGM | compliance | minimal | — | — |
| 30 Sept 2026 · Almondz Global attends Bharat Connect Conference Rising Stars 2026 | investor communications | low | — | — |
| 30 Sept 2026 · Subsidiary AGICL wins Rs 33.15 Crore order from Odisha IDCO | general | low | — | — |
| 30 Sept 2026 · Almondz Global 32nd AGM: accounts, director pay hike, related party deals tabled | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Promoter entity buys 95,690 shares of Almondz Global via open market | ownership changes | medium | — | — |
| 28 Sept 2026 · Promoter entity buys 2.41 lakh shares of Almondz Global Securities | ownership changes | medium | — | — |
| 26 Sept 2026 · Promoter entity buys 1,48,414 shares of Almondz Global in open market | ownership changes | medium | — | — |
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.