BSE: 534691
COMFORT COMMOTRADE LTD.
Trades in shares, commodities and derivatives as its main line of business. Quarterly results show revenue almost entirely driven by share sales — Q3 FY26 share sales alone were Rs 2,323.50 lakhs out of Rs 2,210.54 lakhs of total income for the quarter. The company also books fair-value gains and losses on its trading book, and in FY26 this turned sharply negative with net fair-value losses of Rs 1,471.94 lakhs on commodity and share positions, pushing total income to negative Rs 1,370.69 lakhs and the company to a Rs 1,263.33 lakh loss after tax. It operates through a 100% foreign subsidiary, Anjali Tradelink FZE, which is included in consolidated results but whose numbers are not independently reviewed. Scale is small: total assets of Rs 53.57 crore, 10,020,000 outstanding shares held by 7,484 shareholders, and 9M FY26 total income of Rs 3,394.86 lakhs. The biggest swing factor in its P&L is the mark-to-market on its trading book, with purchase of stock-in-trade and changes in that inventory being the dominant cost line. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Share trading, Commodity trading, Derivative trading. Small, trading-book-driven financial services entity with high P&L volatility
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 151 | 68 | 32 | 35 | (13) |
| EBITDA (ex other income) | 4 | (1) | 24 | 7 | (17) |
| margin % | 2.6 | (1.0) | 74.1 | 20.2 | 127.8 |
| Owners' profit | 2 | (2) | 17 | 0 | 0 |
| EPS, as reported (₹) | 1.58 | (2.28) | 16.68 | 4.29 | (12.18) |
| ROE % · ROCE % | 5.0 · 13.6 | (7.7) · (1.2) | 36.0 · 46.8 | 8.6 · 13.5 | (32.1) · — |
| Debt / equity (x) | 0.45 | 0.42 | 0.16 | 0.25 | — |
| Cash from operations | (11) | 2 | 7 | (3) | (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 | 8 | 2 | 15 | 9 | 3 | 22 | (17) | 3 |
| Profit before tax | 10 | 2 | (15) | 9 | (2) | (6) | (18) | 2 |
| Net profit | 7 | 1 | (11) | 7 | (1) | (4) | (13) | 1 |
| EPS (₹) | 7.14 | 1.15 | 0.00 | 6.56 | 0.00 | (4.45) | (13.14) | 0.61 |
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 | 0.4 | 1.0 | 25 of 105 | 75% |
| ROE | (32.0) | 1.3 | 106 of 111 | 5% |
| EBITDA margin | 73.4 | 25.6 | 25 of 91 | 73% |
| Revenue growth | (63.6) | (4.1) | 71 of 85 | 17% |
| Profit growth | (90.6) | (0.2) | 90 of 109 | 18% |
| Market cap | 15 | 26 | 75 of 113 | 34% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Reg 74(5) compliance certificate for quarter ended Sept 30, 2026 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed for Q2 FY27 results compliance | compliance | minimal | — | — |
| 23 Sept 2026 · 19th AGM concluded; 3 resolutions passed including Material RPT approval | board shareholder meetings | low | — | — |
| 2 Sept 2026 · AGM notice and book closure details published | compliance | minimal | — | — |
| 1 Sept 2026 · Comfort Commotrade sends 19th AGM notice and Annual Report link to shareholders | compliance | minimal | — | — |
| 1 Sept 2026 · 19th Annual Report FY2025-26 and AGM Notice filed with BSE | compliance | low | — | — |
| 1 Sept 2026 · AGM notice sets Sept 23 vote on FY26 accounts and related-party deals | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Comfort Commotrade announces 19th AGM on Sep 23, 2026 via video conferencing | compliance | minimal | — | — |
| 14 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 13 Aug 2026 · Q1 FY27 results and AGM date fixed at September 23, 2026 | management 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.