BSE: 531190
EFORU ENTERTAINMENT LIMITED
Generates revenue from entertainment-related activities, having recently changed its name from Tavernier Resources Limited to Eforu Entertainment Limited to signal a shift in business focus. Operating income is small at ₹1.33 crore in FY26, with the company signing a Film Purchase Agreement with Buddhipriyay Pictures LLP for an estimated ₹5 crore outlay covering film rights plus promotion and marketing, and a separate agreement with US-based Ambigramy LLC to introduce and engage two music artists for a total of USD 65,000. The board has approved raising ₹14.09 crore through a preferential issue of 15,48,500 equity shares at ₹91 per share, with planned deployment of ₹5.20 crore into office furniture and studio infrastructure, ₹4.21 crore into film production, ₹4 crore into marketing and promotion, and ₹0.68 crore for general corporate purposes. Total income for FY26 was ₹168.55 lakhs, down from ₹293.65 lakhs in FY25, and the company is pre-revenue at scale in its new entertainment direction. Costs are dominated by employee expenses at 27.4% of revenue and other operating expenses at 20.9%, with no materials, depreciation or capex disclosed. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Entertainment / content rights. Small, transition-stage entertainment company with minimal operating scale
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 4 | 3 | 1 | 0 | 1 |
| EBITDA (ex other income) | 0 | 0 | (0) | 0 | 1 |
| margin % | 9.0 | 4.8 | (8.5) | 3.5 | 51.7 |
| Owners' profit | 0 | (0) | (0) | 3 | 1 |
| EPS, as reported (₹) | 0.18 | (0.20) | (0.50) | 4.45 | 1.45 |
| ROE % · ROCE % | 1.9 · 5.0 | (2.1) · 2.2 | (5.7) · (0.7) | 33.8 · 34.1 | 9.9 · 11.9 |
| Debt / equity (x) | 0.50 | 0.56 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 1 | 0 | (0) | (2) | (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 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Profit before tax | (0) | 3 | 0 | 0 | 1 | 0 | (0) | 0 |
| Net profit | (0) | 3 | 0 | 0 | 1 | 0 | (0) | 0 |
| EPS (₹) | (0.02) | 4.20 | 0.36 | 0.27 | 0.98 | 0.23 | (0.02) | 0.17 |
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. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 30,351 | 17.8 | 2.91 | 14.1 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 8,166 | 18.3 | 3.85 | 17.4 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 4,696 | 20.0 | 5.20 | 13.9 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,593 | 24.5 | 4.11 | 18.4 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,178 | — | 13.10 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd | 755 | 8.3 | 0.59 | 190.1 | 4.0 | 0.3 | 4.8 | 6.2 |
| SHIV AUM STEELS LIMITED | 748 | 65.8 | 6.19 | 47.7 | 6.0 | 6.9 | — | 4.9 |
| SHANKARA BUILDPRO LIMITED | 609 | 4.6 | 1.12 | 2.7 | 23.4 | 31.8 | — | 3.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 74.7 | 15.8 | 114 of 130 | 12% |
| P/B | 7.0 | 1.0 | 143 of 150 | 5% |
| ROCE | 11.9 | 2.1 | 29 of 177 | 84% |
| ROE | 9.9 | 2.3 | 31 of 158 | 81% |
| Debt / Equity | 0.0 | 0.1 | 1 of 154 | 73% |
| EBITDA margin | 34.8 | 4.5 | 15 of 137 | 90% |
| Revenue growth | (2.1) | (8.6) | 58 of 135 | 58% |
| Profit growth | (34.5) | 0.6 | 92 of 157 | 42% |
| Market cap | 61 | 22 | 53 of 180 | 71% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 29 Sept 2026 · Submission of Voting Results pursuant to Regulation 44 of the SEBI(Listing Obligation and Disclosure Requirements ) Regulations, 2015, as amended (''SEBI Listing Regulations, 2015'') and .... | compliance | low | — | — |
| 28 Sept 2026 · 32nd AGM proceedings submitted - results to follow | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Trading window closed for EFORU Entertainment from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 4 Sept 2026 · EFORU Entertainment files 32nd Annual Report for FY 2025-26, AGM on Sept 28 | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · Notice of 32nd AGM on 28 September 2026 | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Board Meeting on 14 Aug 2026 to Consider Q1 FY27 Results | results | low | — | — |
| 5 Aug 2026 · EFORU Entertainment allots 15.48 lakh shares at Rs 91 via preferential issue | fund raising | high | — | — |
| 5 Aug 2026 · EFORU allots 15.48 lakh shares via preferential issue at Rs 91 | fund raising | high | — | — |
| 28 Jul 2026 · Non-promoter Silverstone Consultancy sells 25,000 shares of Eforu Entertainment | ownership changes | medium | — | — |
| 10 Jul 2026 · Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 is attached herewith. | compliance | minimal | — | — |
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.