BSE: 544173
Finelistings Technologies Limi
Retails pre-owned luxury cars in India from a Delhi-registered office, with revenue from operations declining roughly 69% year-on-year in FY26. The company signed a Business Collaboration Agreement in April 2026 with Hanura Tradex, a sole proprietorship already engaged in used luxury car retailing, under which profits from each vehicle are split 70:30 in favour of Hanura Tradex. Shareholders approved a wider objects clause in April 2026 to add new businesses spanning trading of vehicles, fashion, jewellery, consumer electronics, food service, chartered aircraft and helicopter services, luxury real estate and premium lifestyle experiences. The business posted a net loss of ₹334.83 lakh in FY26 against a ₹376.99 lakh loss in FY25. Operating cash flow turned positive at ₹125.01 lakh, helped by reductions in trade receivables. The cost shape shows no materials cost, with employee costs at 18.4% of revenue and other operating expenses at 20.0%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Pre-owned luxury car retail. Small, loss-making pre-owned luxury car retailer listed on BSE SME
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 14 | 19 | 6 |
| EBITDA (ex other income) | — | — | — |
| margin % | — | — | — |
| Owners' profit | — | — | — |
| EPS, as reported (₹) | 6.85 | 10.37 | 9.21 |
| ROE % · ROCE % | — · 47.9 | — · (24.0) | — · (27.5) |
| Debt / equity (x) | — | — | — |
| Cash from operations | 1 | (8) | (0) |
| Capex | — | (5) | (0) |
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 6 | 12 | 7 | 5 | 1 |
| Profit before tax | 1 | (1) | (2) | (2) | (1) |
| Net profit | — | — | — | — | — |
| EPS (₹) | 2.63 | (3.40) | 6.96 | 5.19 | 4.02 |
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. % |
|---|---|---|---|---|---|---|---|---|
| ETERNAL LIMITED | 3,04,851 | 704.3 | 9.84 | 116.7 | 1.2 | 1.8 | — | 4.8 |
| MEESHO LIMITED | 1,02,819 | — | 23.44 | — | (31.0) | (27.2) | — | (3.0) |
| FSN E COMMERCE VENTURES | 97,231 | 381.4 | 64.73 | 127.4 | 13.6 | 17.8 | — | 8.8 |
| SWIGGY LIMITED | 49,505 | — | 2.70 | — | (22.7) | (20.4) | — | (6.4) |
| URBAN COMPANY LIMITED | 21,161 | — | 9.87 | — | (11.0) | (6.3) | — | (11.4) |
| CARTRADE TECH LIMITED | 13,560 | 58.3 | 5.18 | 39.7 | 9.3 | 10.5 | — | 44.0 |
| BRAINBEES SOLUTIONS LTD | 8,604 | — | 1.61 | 22.6 | (3.8) | (2.4) | — | 4.2 |
| RATTANINDIA ENT LIMITED | 3,279 | — | 4.26 | — | (21.6) | — | 844.9 | 2.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 2.4 | 13.1 | 1 of 10 | 100% |
| ROCE | (28.9) | 1.8 | 15 of 15 | 0% |
| Revenue growth | (73.9) | 16.3 | 13 of 13 | 0% |
| Market cap | 11 | 2190 | 15 of 16 | 7% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Submission of SEBI Regulation 74(5) certificate for September 2026 quarter | compliance | minimal | — | — |
| 30 Sept 2026 · Trading Window Closure Ahead of H1 FY27 Results | compliance | minimal | — | — |
| 1 Sept 2026 · Voting Results Submitted for 8th AGM Held on 29 August 2026 | compliance | low | — | — |
| 1 Sept 2026 · 8th AGM Scrutinizer Report - All Resolutions Passed Unanimously | board shareholder meetings | low | — | — |
| 29 Aug 2026 · 8th AGM concluded; 2 ordinary resolutions moved on financials and director re-appointment | board shareholder meetings | low | — | — |
| 8 Aug 2026 · Finelistings Technologies files newspaper notice for 8th AGM and e-voting | compliance | minimal | — | — |
| 5 Aug 2026 · Book closure Aug 22-29, 2026 for 8th AGM | compliance | minimal | — | — |
| 5 Aug 2026 · Notice of 8th AGM on 29 Aug 2026; FY26 Revenue fell to 600.87 Lakhs | board shareholder meetings | low | — | — |
| 5 Aug 2026 · FY26 Annual Report: Revenue drops 69%, losses narrow to Rs 334.83 lakh | results | high | — | — |
| 5 Aug 2026 · Board approves 8th AGM on 29 August 2026 via video conferencing | board shareholder meetings | 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.