BSE: 531340
BERVIN INVESTMENT & LEASING LT
A non-operating listed entity that classifies itself as a 'pure investment' company, with zero revenue from operations in FY26 and total income of just Rs 35.15 lakh, all from other sources. Its half-yearly filings explicitly state that 'no leasing business was undertaken during the quarter,' confirming the absence of any active lending or leasing activity. The portfolio has suffered sustained mark-to-market losses — Rs 1,512.25 lakh on investments and futures & options trading in FY26 — driving a net loss of Rs 1,566.58 lakh for the year. The company has been liquidating holdings and trimming debt, with total assets contracting from Rs 4,015.95 lakh in FY25 and borrowings reduced from Rs 872.89 lakh to Rs 407.73 lakh. Reserves fell sharply from Rs 2,274.57 lakh to Rs 1,289.90 lakh over the year. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Other income. Non-operating, investment-only entity exposed to mark-to-market swings on equity and derivatives holdings
Exhibit 1: Financial summary, FY21–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY21 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (20) | (0) | (1) | (15) |
| margin % | (257.4) | — | — | — | — |
| Owners' profit | 3 | (10) | 9 | (1) | (16) |
| EPS, as reported (₹) | 7.04 | (34.00) | 14.61 | (1.66) | (26.56) |
| ROE % · ROCE % | 14.1 · — | (55.6) · — | 22.2 · — | (3.4) · — | (83.3) · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | — | (30) | 27 | (20) | (6) |
| Capex | — | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 2 | (6) | 1 | (17) | (0) | (0) | 2 |
| Net profit | 2 | 2 | (6) | 1 | (17) | (0) | (0) | 2 |
| EPS (₹) | 2.94 | 3.93 | (10.87) | 1.83 | (29.32) | (0.06) | (0.33) | 3.15 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 33,999 | 38.5 | 10.39 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,509 | 19.5 | 4.10 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,234 | — | 2.54 | 37.9 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 969 | — | 0.74 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| PRIME SECURITIES LIMITED | 968 | 172.9 | 3.78 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 881 | 26.7 | 5.18 | 16.9 | 22.5 | 30.3 | — | 97.5 |
| REGENCY FINCORP LIMITED | 571 | 52.3 | 3.56 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 529 | — | 1687.57 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 1.5 | 1.0 | 63 of 105 | 40% |
| ROE | (83.3) | 1.3 | 109 of 111 | 2% |
| Profit growth | 72.5 | (0.2) | 35 of 109 | 69% |
| Market cap | 28 | 26 | 53 of 113 | 54% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 5 Oct 2026 · RTA certificate under SEBI Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 29 Sept 2026 · AGM Results: Both Resolutions Passed With Near-Unanimous Support | board shareholder meetings | low | — | — |
| 28 Sept 2026 · 36th AGM held on Sep 28; 2 ordinary resolutions transacted | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading window closure for Q2 and H1 FY26 results | compliance | minimal | — | — |
| 4 Sept 2026 · Newspaper publication of notice for 36th Annual General Meeting | compliance | minimal | — | — |
| 3 Sept 2026 · Reminder to physical shareholders to update KYC and convert to demat | compliance | minimal | — | — |
| 3 Sept 2026 · Annual Report and 36th AGM Notice for FY 2025-26 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · 36th AGM Notice and Annual Report for FY 2025-26 | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 12 Aug 2026 · Q1 FY27 results: loss of Rs 10.88 lacs, revenue declines sharply | results | high | — | — |
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.