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Dossier · Exhicon Events Media Solutions · 6 November 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Exhicon Events Media Solutions BSE: 543895
Consumer Discretionary › Consumer Services › Other Consumer Services › Other Consumer Services
Exhicon Events Media Solutions
StateQ4 FY26 filed
Last close · 6 Nov 2026₹488.20
Market cap₹0.7k cr
TTM P/E · P/B · EV/EBITDA10.4 · — · —
Builds and operates purpose-built exhibition venues and convention centres across India under a Venue As A Service (VAS) model, and runs helicopter aviation services through a subsidiary. The company develops indoor exhibition and convention infrastructure — including a 7.5-acre Messe Global Convention Centre in Pune, a 12,000 sqm Phase 1 hall in Greater Noida, a 14-acre Mohali Convention Centre awarded under a BOT-PPP model at roughly ₹75 crore, and projects in Ayodhya, Nashik and Indore — and earns from building, owning and operating these venues. It also supplies pre-engineered infrastructure for specific events, such as a 30,000 sqm contract for the Bharat Mobility Global Expo 2027 at Yashobhumi, Dwarka, a ₹50 crore expansion order from IEML, and a ₹32 crore Dubai government infrastructure project. Through subsidiary United Helicharters (UHPL), it operates helicopter shuttle services including a Kedarnath contract won against nine competitors, supported by a DGCA Air Operator Permit valid until 2031. It has also entered an Exhibition Insurance partnership with ICICI Lombard. FY26 consolidated revenue was about ₹202.70 crore against total assets of ₹264.26 crore, with capex absorbing roughly 23.1% of revenue, employee cost 5.4% and other operating expenses 9.1%, and no materials cost line, reflecting the infrastructure-and-services nature of the work. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Venue development and operations (VAS), Pre-engineered event infrastructure, International infrastructure projects, Aviation logistics (United Helicharters). Asset-heavy, capex-driven exhibition infrastructure and aviation services platform
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY23
FY24
FY25
FY26
Revenue
59
88
144
203
EBITDA (ex other income)
12
18
33
49
margin %
19.6
20.0
22.9
24.4
Owners' profit
—
—
—
—
EPS, as reported (₹)
10.68
10.09
20.06
28.19
ROE % · ROCE %
— · 63.6
— · 21.5
— · 29.0
— · 24.6
Debt / equity (x)
—
—
—
—
Cash from operations
(6)
(29)
19
27
Capex
—
—
(14)
(47)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Exhicon Events Media Solutions · 6 November 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 7 quarters
₹ crore
Q4 FY23
Q2 FY24
Q4 FY24
Q2 FY25
Q4 FY25
Q2 FY26
Q4 FY26
Revenue
30
47
41
63
81
103
100
Profit before tax
6
10
8
14
22
25
26
Net profit
—
7
—
11
—
—
—
EPS (₹)
5.18
6.22
4.19
7.58
12.47
12.99
13.67
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
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. %
SIS LIMITED
5,303
30.5
1.96
8.3
7.8
4.6
11.9
4.6
Exhicon Events Media Solutions ◆
721
10.4
—
—
—
23.8
—
24.8
MACH TRAVEL SOLUTIONS LIMITED
478
12.8
—
—
—
—
—
5.6
NIS MANAGEMENT LIMITED
96
2.5
—
—
—
(2.8)
—
6.7
TOUCHWOOD ENTERTAIN LTD.
62
19.5
1.39
7.5
9.0
11.5
—
18.4
Safecure Services Limited
24
2.8
0.46
2.8
11.8
11.9
—
15.9
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
10.4
12.8
7 of 25
75%
ROCE
23.8
4.5
3 of 26
92%
EBITDA margin
24.8
15.4
9 of 28
70%
Revenue growth
143.1
9.1
4 of 27
89%
Market cap
721
100
8 of 30
76%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Exhicon Events Media Solutions · 6 November 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
2 Nov 2026 · Board to approve consolidated half-year results on November 7
results
low
—
—
27 Oct 2026 · Nilesh Kumar Dubey appointed CEO for Venue Development
management changes
medium
—
—
14 Oct 2026 · Subsidiary to acquire Bell 206 L4 helicopter for charter ops
strategic transactions
medium
—
—
13 Oct 2026 · Compliance certificate for share dematerialization Q2 FY27
compliance
minimal
—
—
28 Sept 2026 · 16th AGM results: All 3 resolutions passed with 100% approval
board shareholder meetings
low
—
—
28 Sept 2026 · Trading window closed from Oct 1 ahead of half-year results
compliance
minimal
—
—
26 Sept 2026 · Exhicon FY26 revenue up 40%, PAT up 50%; promoter hikes stake via warrants
investor communications
low
—
—
22 Sept 2026 · Exhicon forms JV with India Exposition Mart for Mohali Convention Centre
strategic transactions
medium
—
—
3 Sept 2026 · Newspaper publication of notice for 16th AGM on Sept 24, 2026
compliance
minimal
—
—
1 Sept 2026 · AGM notice and FY26 Annual Report weblink sent to shareholders without registered emails
compliance
minimal
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
