BSE: 530581
EKAM LEASING & FINANCE CO.LTD.
Operates as a small non-banking financial company (NBFC) registered with the Reserve Bank of India, headquartered in New Delhi, with "investment and finance" as its sole reported business segment, which contributed 100% of segment revenue in the period. Total income for FY26 was ₹29.32 lakh, while revenue from operations of ₹7.65 lakh for the nine months ended December 2025 was roughly 64% lower than the ₹21.36 lakh earned in the prior-year period. The company is loss-making — it reported a net loss of ₹232.28 lakh for FY26 and equity turned negative at -₹5.69 lakh against total assets of ₹8.34 crore. Operating costs are dominated by other expenses (1,450.2% of revenue) and employee costs (33.7% of revenue), producing a deeply negative EBITDA margin. Two wholly-owned subsidiaries — Rex Overseas Pvt Ltd and S & S Balajee Mercantile Pvt Ltd — are being amalgamated into the parent under an NCLT-directed scheme, with shareholders approving the merger in July 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Investment and finance (100%). Small, loss-making, capital-eroded NBFC with going-concern uncertainty
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 0 | 0 |
| EBITDA (ex other income) | 0 | (0) | 0 | (1) | (4) |
| margin % | 75.2 | (22.0) | 63.0 | (258.0) | (1383.9) |
| Owners' profit | 0 | (0) | 1 | (1) | 0 |
| EPS, as reported (₹) | 0.42 | (0.30) | 1.06 | (1.62) | (6.84) |
| ROE % · ROCE % | 3.0 · — | (2.2) · — | 7.1 · — | (12.3) · — | (107.0) · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (0) | (0) | 1 | (1) | (1) |
| Capex | 0 | 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 | 0 | (0) | (0) | (1) | (0) | (0) | (0) | (3) |
| Net profit | 0 | (0) | (0) | (1) | (0) | (0) | (0) | (3) |
| EPS (₹) | 0.06 | (0.36) | (0.26) | (1.05) | (0.09) | (0.67) | (0.26) | (5.82) |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| INVESTMENT AND FINANCE | 0 | 0.8 |
| Investment & Finance | 0 | 20.5 |
| Investment and Finance | 0 | 78.7 |
| Total, before eliminations | 0 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 17,213 | 28.2 | 11.57 | 16.5 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,821 | 101.2 | 29.48 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,059 | 16.9 | 2.36 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,677 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,439 | 195.1 | 10.25 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,838 | 19.1 | 4.14 | 14.5 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,250 | 34.0 | 2.48 | 25.3 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,731 | — | 7.25 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 1.3 | 1.3 | 49 of 95 | 49% |
| ROE | (107.0) | 2.9 | 111 of 113 | 2% |
| EBITDA margin | (1710.4) | 25.4 | 90 of 92 | 2% |
| Revenue growth | 59.8 | 16.2 | 22 of 91 | 77% |
| Profit growth | (453.9) | 5.2 | 103 of 110 | 6% |
| Market cap | 5 | 47 | 94 of 108 | 13% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Amalgamation hearing moved to 14 December 2026 | strategic transactions | medium | — | — |
| 9 Oct 2026 · RTA compliance certificate for Q2 FY27 dematerialisation filed with BSE | compliance | minimal | — | — |
| 26 Sept 2026 · Trading window closed ahead of Q2 and half year results | compliance | minimal | — | — |
| 15 Sept 2026 · ROC grants 3-month extension for 33rd AGM | regulatory legal | low | — | — |
| 2 Sept 2026 · NCLT hearing on amalgamation scheme scheduled for 12 October 2026 | compliance | minimal | — | — |
| 11 Aug 2026 · Corrigendum to Board Meeting Intimation for Q1 FY26 Results | results | low | — | — |
| 10 Aug 2026 · Board meeting on Aug 14 to consider Q1 FY27 results | results | low | — | — |
| 6 Aug 2026 · NCLT 2nd Motion Application filed for Scheme of Amalgamation | strategic transactions | medium | — | — |
| 27 Jul 2026 · Shareholders approve Scheme of Amalgamation with 99.99% majority | strategic transactions | high | — | — |
| 24 Jul 2026 · NCLT-convened shareholder meeting held for amalgamation scheme approval | strategic transactions | 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.