NSE: ASSAMENT · BSE: 542911
ASSAM ENTRADE LIMITED
Functions as a non-banking financial company whose principal revenue streams are inter-corporate lending and securities trading, with a third, unspecified 'Other' segment filling out the rest. In FY26, interest on loans contributed Rs 4.31 crore (34.0% of segment revenue) and trading in shares and securities Rs 3.65 crore (28.8%), while the 'Other' line added Rs 4.71 crore (37.2%); a separate 'Township Project' segment carried zero revenue and zero EBIT. Loans represent 80.40% of total assets, against total assets of Rs 72.51 crore, so lending — rather than trading — is the dominant use of the balance sheet despite a broadly comparable revenue contribution. Assam Entrade is listed only on BSE (scrip code 542911), with equity capital of 14,39,790 shares of Rs 10 each and Rs 2 crore of outstanding borrowings as of March 31, 2026. The cost structure is dominated by 'other operating expenses' at 62.7% of revenue and employee cost at 6.2%, with no materials spend and 0.8% depreciation, consistent with a financial-services cost base rather than a trading or manufacturing model. The pack flags that it has not adopted the Expected Credit Loss approach for loan provisioning, continuing instead with the incurred-loss method, and notes small absolute scale (FY26 revenue Rs 8.01 crore, net profit Rs 1.98 crore). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest on Loans (34%), Trading in Shares & Securities (29%), Other (37%), Township Project (0%). Small NBFC with a lending-heavy balance sheet but revenue split across lending, securities trading, and an unspecified 'Other' stream
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6 | 6 | 7 | 9 | 8 |
| EBITDA (ex other income) | 2 | 1 | 3 | 0 | (1) |
| margin % | 31.4 | 13.7 | 35.1 | 1.0 | (16.5) |
| Owners' profit | 2 | 1 | 1 | 3 | 2 |
| EPS, as reported (₹) | 15.56 | 10.34 | 9.30 | 21.01 | 13.71 |
| ROE % · ROCE % | 3.6 · — | 2.3 · — | 2.1 · — | 4.4 · — | 2.8 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 2 | (5) | 2 | (0) | (2) |
| Capex | (1) | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 0 | 2 | (1) | 2 | 1 | (0) | 3 | (1) |
| Net profit | 0 | 2 | (1) | 2 | 0 | (0) | 2 | (1) |
| EPS (₹) | 1.95 | 11.95 | (4.55) | 11.79 | 3.36 | (0.04) | 16.72 | (6.33) |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Trading in Shares & Securities | 4 | 28.8 |
| Interest on Loans | 4 | 34.0 |
| Other | 5 | 37.0 |
| Others | 0 | 0.2 |
| Total, before eliminations | 13 | 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. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 5,70,768 | 28.1 | 4.88 | — | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 1,94,820 | 14.6 | 2.96 | — | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,31,798 | 22.8 | 4.33 | — | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,31,209 | 24.0 | 2.79 | — | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 96,352 | 8.5 | 2.42 | — | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 50,202 | 22.1 | 3.19 | — | 13.8 | — | — | 33.1 |
| SUNDARAM FINANCE LTD | 43,766 | 19.6 | 2.94 | — | 13.8 | — | — | 78.4 |
| AUTHUM INVEST & INFRA LTD | 42,040 | 7.2 | 2.85 | — | 13.1 | — | — | 90.1 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 61.7 | 18.1 | 164 of 200 | 18% |
| P/B | 1.7 | 1.1 | 172 of 253 | 32% |
| ROE | 2.8 | 3.1 | 132 of 257 | 49% |
| EBITDA margin | (24.6) | 48.6 | 199 of 249 | 20% |
| Revenue growth | 3.6 | 12.6 | 133 of 231 | 43% |
| Profit growth | (153.7) | 7.8 | 203 of 251 | 19% |
| Market cap | 122 | 34 | 79 of 268 | 71% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 5 Oct 2026 · Routine compliance certificate on share dematerialisation for Q2 FY26 | compliance | minimal | — | — |
| 28 Sept 2026 · Promoter Shreyansh Gupta acquires 3.14% stake via gift deed | ownership changes | medium | — | — |
| 26 Sept 2026 · All resolutions passed at Assam Entrade 41st AGM | board shareholder meetings | low | — | — |
| 26 Sept 2026 · All 4 resolutions passed at 41st AGM with over 99.99 percent approval | compliance | minimal | — | — |
| 26 Sept 2026 · Promoter Shreyansh Gupta acquires 3.14 percent stake via off-market gift deed | ownership changes | medium | — | — |
| 26 Sept 2026 · Trading window closed from October 1 for Q2 results | compliance | minimal | — | — |
| 25 Sept 2026 · AGM approves Secretarial Auditor and Independent Director appointment | management changes | medium | — | — |
| 25 Sept 2026 · AGM approves Secretarial Auditor and Independent Director | management changes | medium | — | — |
| 25 Sept 2026 · Assam Entrade 41st AGM held via video conferencing; 4 resolutions tabled | board shareholder meetings | low | — | — |
| 12 Sept 2026 · Board reconstitutes Audit, NRC and Stakeholders committees | management changes | medium | — | — |
How to read this document
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|---|---|---|
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
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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.