BSE: 530249
BRIDGE SECURITIES LTD.
Earns commission on agricultural products, with 100% of FY26 revenue of Rs. 2.151 crore coming from this single segment. Despite being listed on BSE under 'Other Financial Services' and historically carrying a securities-trading identity, the company reports zero revenue from its legacy securities business, and shareholders have approved a name change to 'Weorg Enterprises Limited' to reflect the shift into agricultural commission work. Costs are dominated by employee expenses (8.1% of revenue) and other operating expenses (7.5%), with no materials cost, producing an EBITDA margin of 99.8%. A Certificate of Investment Intention has been filed with the Government of Gujarat to explore investment in Power, Oil and Gas including Renewable Energy, though this is an exploratory intent rather than a binding order or active operation. Total assets stand at Rs. 7.5344 crore with FY26 EPS of Rs. 0.40, with nil outstanding borrowings as of 31 March 2026, indicating a very small-scale operation. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Commission from agricultural products (100%). Small-scale, single-segment commission business with negligible direct costs and high margins
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3 | 1 | 1 | 2 | 2 |
| EBITDA (ex other income) | (1) | (1) | 1 | 2 | 2 |
| margin % | (34.9) | (60.7) | 85.7 | 89.4 | 84.4 |
| Owners' profit | (1) | (1) | 1 | 1 | 2 |
| EPS, as reported (₹) | (2.68) | 0.00 | 1.54 | 0.38 | 0.40 |
| ROE % · ROCE % | (81.6) · (82.1) | (158.5) · (273.8) | 54.5 · 72.4 | 43.2 · 59.8 | 23.2 · 31.6 |
| Debt / equity (x) | 0.13 | 0.00 | 0.00 | 0.00 | 0.01 |
| Cash from operations | 1 | (0) | 0 | (1) | (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 | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 1 |
| Profit before tax | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| Net profit | 0 | 1 | — | (0) | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.08 | 0.30 | 0.22 | 0.14 | 0.13 | 0.12 | 0.08 | 0.10 |
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/E (TTM) | 14.4 | 19.0 | 30 of 76 | 61% |
| P/B | 3.6 | 1.0 | 89 of 105 | 15% |
| ROCE | 31.6 | 1.8 | 4 of 83 | 96% |
| ROE | 23.2 | 1.3 | 5 of 111 | 96% |
| Debt / Equity | 0.0 | 0.0 | 40 of 77 | 49% |
| EBITDA margin | 119.3 | 25.6 | 9 of 91 | 91% |
| Profit growth | 180.2 | (0.2) | 13 of 109 | 89% |
| Market cap | 24 | 26 | 58 of 113 | 49% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Routine compliance filing under SEBI Regulation 74(5) for Q2 FY26 | compliance | minimal | — | — |
| 14 Oct 2026 · Newspaper ad of Q2 FY26-27 unaudited financial results filed with BSE | compliance | minimal | — | — |
| 9 Oct 2026 · Bridge Securities Q2 FY27: profit at 14.3L, H1 revenue plunges YoY | results | medium | — | — |
| 9 Oct 2026 · Q2 FY27 results: revenue and profit slump versus last year | results | high | — | — |
| 9 Oct 2026 · Q2 FY27 results: revenue declines sharply, PAT at Rs 1.39 lakh | results | medium | — | — |
| 6 Oct 2026 · Board meeting on 9 Oct 2026 to consider Q2 and H1 FY26 results | results | low | — | — |
| 30 Sept 2026 · Trading window closed for insiders ahead of Q2 results | compliance | minimal | — | — |
| 28 Sept 2026 · Bridge Securities revises board outcome, two director appointments not approved | board shareholder meetings | medium | — | — |
| 26 Sept 2026 · Two new independent directors appointed to the board | management changes | medium | — | — |
| 26 Sept 2026 · Bridge Securities appoints two Independent Directors | 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.