BSE: 542332
Hi-Klass Trading and Investmen
Earns revenue primarily through interest income on a loan book and returns from investments in shares and securities, classified under Other Financial Services on BSE. Total income for FY26 was ₹463.62 lakh versus ₹32.89 lakh in FY25, with interest income of ₹323.02 lakh being the principal driver. During the year the company disbursed fresh loans of ₹12.56 crore and deployed ₹12.31 crore into investments in shares and securities, funded by approximately ₹30.01 crore raised through three preferential issues of convertible warrants in Q1 FY26. The balance sheet expanded to total assets of ₹5,358.11 lakh at FY26 end, up from ₹1,353.51 lakh a year earlier, with paid-up equity rising to ₹15.11 crore (3.02 crore shares of ₹5 face value) through warrant conversions. The company posted a loss after tax of ₹148.20 lakh in FY26 with negative operating cash flow of ₹167.65 lakh, while its cost base is light — employee cost at 4.1% of revenue and other operating expenses at 24.9% — typical of a financial services business with no materials input. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income, Income from shares and securities. Small-cap, equity-funded financial services entity with lending and securities investment activities
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 5 |
| EBITDA (ex other income) | 0 | (0) | (1) | (1) | (0) |
| margin % | 31.9 | (60.4) | (591.4) | (1666.0) | (10.3) |
| Owners' profit | 0 | (0) | (1) | (0) | (1) |
| EPS, as reported (₹) | 0.00 | 0.00 | 0.00 | (0.30) | (0.89) |
| ROE % · ROCE % | 0.0 · — | (4.9) · — | (47.4) · — | (4.1) · — | (2.8) · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 2 | 0 | (0) | (1) | (2) |
| 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 | 6 | 2 | 0 | 0 | 0 | 3 | 1 | 10 |
| Profit before tax | 0 | (0) | (1) | (0) | (0) | 2 | (3) | 10 |
| Net profit | 0 | (0) | (1) | (0) | (0) | 1 | (2) | 8 |
| EPS (₹) | 0.51 | (0.26) | (0.51) | (0.18) | (0.10) | 0.87 | (0.95) | 2.81 |
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. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 34,420 | 38.9 | 10.52 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,203 | 18.4 | 3.87 | 8.9 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,251 | — | 2.58 | 38.5 | 4.5 | 5.3 | 32.8 | 4.3 |
| PRIME SECURITIES LIMITED | 947 | 169.1 | 3.69 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 945 | 28.6 | 5.56 | 18.1 | 22.5 | 30.3 | — | 97.5 |
| CENTRUM CAPITAL LIMITED | 903 | — | 0.69 | 9.6 | (21.4) | (2.5) | 49.7 | 29.7 |
| REGENCY FINCORP LIMITED | 564 | 51.6 | 3.52 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 509 | — | 1623.78 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 36.9 | 18.6 | 51 of 76 | 33% |
| P/B | 5.5 | 1.1 | 95 of 105 | 10% |
| ROE | (2.8) | 1.3 | 90 of 111 | 19% |
| EBITDA margin | 98.6 | 25.6 | 16 of 91 | 83% |
| Revenue growth | 6028.1 | (4.1) | 1 of 85 | 100% |
| Profit growth | 3360.2 | (0.2) | 1 of 109 | 100% |
| Market cap | 293 | 26 | 12 of 113 | 90% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Kabra family group sells 2.42 percent stake in Hi-Klass Trading via open market | ownership changes | high | — | — |
| 5 Oct 2026 · Quarterly demat compliance certificate filed with BSE for Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · 33rd AGM voting results: all 4 resolutions passed with full approval | board shareholder meetings | low | — | — |
| 28 Sept 2026 · 33rd AGM held on Sep 28, 2026 - all resolutions approved | board shareholder meetings | low | — | — |
| 28 Sept 2026 · 33rd AGM proceedings - all resolutions approved | board shareholder meetings | medium | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 for Q2 results | compliance | minimal | — | — |
| 17 Sept 2026 · Typo correction in Q1 FY26 financial results - face value error | regulatory legal | low | — | — |
| 1 Sept 2026 · Newspaper publication of 33rd AGM notice and e-voting details | compliance | minimal | — | — |
| 31 Aug 2026 · 33rd AGM Notice Sep 28; Expansion into Loan Resolution and Debt Services | board shareholder meetings | medium | — | — |
| 31 Aug 2026 · 33rd AGM on Sep 28, 2026; auditor change and MoA amendment proposed | board shareholder meetings | low | — | — |
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.