BSE: 530263
GLOBAL CAPITAL MARKETS LTD.
A small non-banking financial company earns revenue primarily from interest on loans and advances and from gains on the sale of investments held on its books. Total revenue from operations was ₹169.23 lakhs in FY26, down from ₹329.24 lakhs in FY25. Q3FY26 revenue of ₹74.74 lakhs was driven by 'higher interest income and share sale proceeds', while Q2FY26 operating revenue came in at ₹129.86 lakhs. The statutory auditor has flagged that interest income has not been recognized on approximately ₹9.65 crore of outstanding advances and loans due to insufficient documentation, with recovery discussions ongoing. The company reported a net loss of ₹13.74 lakhs for FY26, an improvement from ₹85.11 lakhs in FY25. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Interest income on loans and advances, Income from sale of shares/investments. Small, thinly-traded NBFC with negligible borrowings and an inactive lending book
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5 | 19 | 1 | 3 | 2 |
| EBITDA (ex other income) | 1 | (0) | 0 | (1) | (0) |
| margin % | 22.8 | (0.0) | 7.1 | (22.9) | (17.9) |
| Owners' profit | 1 | (0) | 0 | (1) | (0) |
| EPS, as reported (₹) | 0.24 | (0.07) | 0.00 | (0.02) | (0.03) |
| ROE % · ROCE % | 1.9 · — | (0.4) · — | 0.0 · — | (1.9) · — | (0.3) · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (1) | 0 | (1) | 5 | 2 |
| 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 | 2 | 2 | 0 | 0 | 1 | 1 | 1 | (1) |
| Profit before tax | 0 | 1 | (2) | (1) | 1 | 0 | 0 | (2) |
| Net profit | 0 | 1 | (2) | (1) | 1 | 0 | 0 | (2) |
| EPS (₹) | 0.01 | 0.03 | (0.05) | (0.02) | 0.02 | 0.01 | 0.01 | (0.05) |
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. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 5,70,768 | 28.1 | 4.88 | — | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 1,94,820 | 14.6 | 2.96 | — | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,31,798 | 22.8 | 4.33 | — | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,31,209 | 24.0 | 2.79 | — | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 96,352 | 8.5 | 2.42 | — | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 50,202 | 22.1 | 3.19 | — | 13.8 | — | — | 33.1 |
| SUNDARAM FINANCE LTD | 43,766 | 19.6 | 2.94 | — | 13.8 | — | — | 78.4 |
| AUTHUM INVEST & INFRA LTD | 42,040 | 7.2 | 2.85 | — | 13.1 | — | — | 90.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.4 | 1.1 | 35 of 253 | 85% |
| ROE | (0.3) | 3.1 | 203 of 257 | 21% |
| EBITDA margin | 253.5 | 48.6 | 7 of 249 | 98% |
| Revenue growth | (279.5) | 12.6 | 231 of 231 | 0% |
| Profit growth | (225.7) | 7.8 | 217 of 251 | 14% |
| Market cap | 18 | 34 | 178 of 268 | 34% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Board Meeting on November 12, 2026 to Consider Q2FY27 Results | results | low | — | — |
| 9 Oct 2026 · RTA confirms no shares dematerialised in July-Sept 2026 quarter | compliance | minimal | — | — |
| 9 Oct 2026 · Non-applicability of Reg 57(5): No NCDs or Bonds outstanding for QE Sept 30, 2026 | compliance | minimal | — | — |
| 29 Sept 2026 · Non-applicability of Regulation 57(4) certificate for QE Dec 31, 2026 | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closure for Q2 results - starts Oct 1, 2026 | compliance | minimal | — | — |
| 25 Sept 2026 · Voting Results - 37th AGM: All Resolutions Approved with Over 99.99% Majority | board shareholder meetings | low | — | — |
| 25 Sept 2026 · 37th AGM Scrutinizer Report: Both Resolutions Passed With 99.99% Majority | compliance | minimal | — | — |
| 25 Sept 2026 · Global Capital Markets 37th AGM held via video conferencing; voting results awaited | board shareholder meetings | low | — | — |
| 11 Sept 2026 · Newspaper notice published for 37th AGM on 25 September 2026 | compliance | minimal | — | — |
| 3 Sept 2026 · Book closure for AGM from Sept 19 to Sept 25, 2026 | 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.