Operates as a single-segment loan company listed on BSE (Scrip Code: 512265), with revenue coming from its lending activity. As of FY26, loans and advances on the balance sheet stood at Rs 4,073.78 lakhs and total assets at Rs 4,570.66 lakhs, against equity of only Rs 577.53 lakhs. FY26 revenue from operations rose to Rs 484.21 lakhs from Rs 255.22 lakhs in FY25, an increase of about 90%. The business is run on a very thin equity base backed by borrowings of Rs 3,599.75 lakhs, and finance costs of Rs 337.49 lakhs absorbed roughly 70% of revenue. Employee costs ran at 5.5% of revenue and other operating costs at 6%, with negligible depreciation (0.2%) and capex (0.1%). Other equity remained negative at Rs 143.74 lakhs, reflecting prior accumulated losses. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Lending / loan business. Small, highly leveraged, single-segment loan company with negative other equity
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6 | 6 | 4 | 3 | 5 |
| EBITDA (ex other income) | 4 | 0 | 3 | 2 | 4 |
| margin % | 58.5 | 0.4 | 74.8 | 62.2 | 88.6 |
| Owners' profit | (2) | (3) | 0 | (0) | 1 |
| EPS, as reported (₹) | 2.53 | (3.89) | 0.19 | (0.02) | 1.23 |
| ROE % · ROCE % | (23.9) · — | (58.3) · — | 2.8 · — | (0.3) · — | 15.2 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (7) | 28 | (3) | (0) | (3) |
| Capex | (0) | (0) | (0) | (0) | (0) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | (0) | 0 | 0 | (0) | 0 | 0 | 0 | 0 |
| Net profit | (0) | 0 | 0 | (0) | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.04 | 0.03 | 0.00 | (0.01) | 0.24 | 0.25 | 0.38 | 0.35 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 13,611 | 22.3 | 9.15 | 13.1 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 9,297 | 106.7 | 31.07 | 5.9 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,728 | 18.6 | 2.58 | 13.1 | 13.8 | 14.8 | 26.2 | 68.9 |
| INOX GREEN ENERGY SER LTD | 7,175 | 57.5 | 4.18 | 42.6 | 6.0 | 9.0 | — | 131.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Newspaper publication of 41st AGM notice filed with BSE | compliance | minimal | — | — |
| 2 Sept 2026 · Annual Report and 41st AGM Notice filed with BSE | board shareholder meetings | low | — | — |
| 2 Sept 2026 · 41st AGM notice set for Sept 29, 2026 via video conference | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Avon Mercantile 41st AGM on Sep 29, 2026 via video conferencing | compliance | minimal | — | — |
| 14 Aug 2026 · Avon Mercantile Q1 FY27 PAT rises 45% to Rs 26.10 lakh; revenue flat | results | medium | — | — |
| 6 Aug 2026 · Board Meeting on August 14, 2026 to Consider Q1 FY27 Results | results | low | — | — |
| 15 Jul 2026 · Shareholding pattern submitted for quarter ended 30 June 2026 | ownership changes | low | — | — |
| 2 Jul 2026 · Compliance certificate filed under SEBI Regulation 74(5) for Q1 FY27 | compliance | minimal | — | — |
| 25 Jun 2026 · Trading window closed from 1 July 2026 pending Q1 results | compliance | minimal | — | — |
| 21 May 2026 · we would like to inform you that in accordance with reg 47 of SEBI (LODR) regulations, 2015, the company has published its audited financial results for the quarter and year ended on 31st .... | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| SMARTWORKS COWORKING SP L |
| 6,079 |
| 218.0 |
| 11.45 |
| 5.1 |
| 2.0 |
| 0.3 |
| — |
| 65.8 |
| NIRLON LTD | 5,526 | 16.0 | 11.79 | — | 73.8 | 18.1 | — | 79.4 |
| QUESS CORP LIMITED | 5,174 | 20.4 | 4.43 | 15.6 | 19.0 | 14.4 | 7.1 | 2.6 |
| INDIQUBE SPACES LIMITED | 4,272 | — | 8.30 | — | (20.7) | (2.5) | — | 67.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROE | 15.2 | 3.1 | 19 of 116 | 84% |
| Debt / Equity | 0.0 | 0.0 | 3 of 116 | 60% |
| EBITDA margin | 91.1 | 25.4 | 10 of 92 | 90% |
| Revenue growth | 20.4 | 16.2 | 43 of 91 | 53% |
| Profit growth | 2886.3 | 5.2 | 3 of 110 | 98% |
| 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 |
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.
