Operates as a registered stock broker and clearing member on Indian exchanges, earning brokerage commissions on client trades. Holds SEBI registration No. INZ000335038, granted in June 2026 after the NCLT-approved merger of its subsidiary Maximus Securities into the parent. FY26 total income was Rs 680.54 lakhs and revenue from operations was Rs 527.72 lakhs (down 6% year-on-year), with the gap to total income coming from interest on investments and write-back of old provisions. Employee costs at 28.8% of revenue and other operating expenses at 41.1% are the main cost lines, while materials cost is nil — consistent with a fee-based capital markets model. Net profit for FY26 was Rs 2.70 crore, against total assets of Rs 54.33 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Brokerage and allied broking fees, Other income. Small, fee-based stock broking and allied capital markets firm; asset-light with no materials cost
| ₹ crore · consolidated | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 3 | 4 | 3 | 5 | 6 |
| EBITDA (ex other income) | 0 | 2 | 1 | 2 | 2 |
| margin % | 11.6 | 37.7 | 16.6 | 37.1 | 42.9 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.13 | 0.55 | 0.17 | 0.66 | 1.30 |
| ROE % · ROCE % | 1.6 · 1.5 | 6.7 · 5.0 | 2.2 · 2.0 | 6.5 · 5.0 | 9.8 · 8.1 |
| Debt / equity (x) | 0.09 | 0.09 | 0.09 | 0.07 | 0.04 |
| Cash from operations | (0) | 1 | 0 | 1 | (4) |
| Capex | (0) | (1) | (0) | (0) | (0) |
| ₹ crore | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 2 | 1 | 2 | 1 | 1 | 1 | 2 |
| Profit before tax | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| Net profit | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| EPS (₹) | 0.11 | 0.30 | 0.46 | 0.38 | 0.11 | 0.36 | 0.25 | 0.37 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BILLIONBRAINS GARAGE VN L | 1,24,828 | 50.3 | 12.93 | 42.5 | 21.6 | 28.9 | — | 67.8 |
| MOTILAL OSWAL FIN LTD | 61,810 | 31.2 | 4.77 | 14.5 | 14.5 | — | 20.9 | 57.7 |
| 360 ONE WAM LIMITED | 44,371 | 35.0 | 4.51 | 15.5 | 12.4 | — | 22.0 | 66.8 |
| NUVAMA WEALTH MANAGE LTD | 31,853 | 15.0 | 7.73 | 12.7 | 25.2 | — | — | 53.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Hybrid Financial Services holds 39th AGM; key resolutions tabled | board shareholder meetings | low | — | — |
| 2 Sept 2026 · BSE admits Hybrid Financial Services as Trading Member in Cash Segment | business updates | medium | — | — |
| 4 Aug 2026 · Hybrid Financial Services 39th AGM on 11 Sep 2026 via video conferencing | compliance | minimal | — | — |
| 4 Aug 2026 · Hybrid Financial Services files 39th Annual Report for FY 2025-26 | compliance | minimal | — | — |
| 3 Aug 2026 · Q1 FY27 Results: Net Profit Dips to Rs 58.22 Lakh | compliance | minimal | — | — |
| 31 Jul 2026 · Q1 FY27 results: PAT down 21% YoY at Rs 58.22 lakhs | results | high | — | — |
| 28 Jul 2026 · Hybrid Financial Services - 39th AGM on 11 Sep 2026, book closure from 7 Sep | board shareholder meetings | low | — | — |
| 16 Jul 2026 · Board meeting on 31 July to consider Q1 FY27 results | results | low | — | — |
| 9 Jul 2026 · Routine compliance: Depository certificate submitted for Q1 FY27 | compliance | minimal | — | — |
| 9 Jul 2026 · Routine filing of demat certificate under SEBI Regulation 74(5) for June 2026 quarter | compliance | minimal | — | — |
| 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 |
| ANGEL ONE LIMITED |
| 27,862 |
| 5.2 |
| 4.53 |
| 15.1 |
| 14.9 |
| — |
| 32.4 |
| 34.2 |
| IIFL CAPITAL SERVICES LTD | 10,617 | 18.4 | 3.46 | 9.9 | 18.4 | — | 25.1 | 50.0 |
| SHARE IND. SECURITIES LTD | 4,335 | 11.9 | 1.63 | 6.5 | 12.2 | — | 26.8 | 45.5 |
| ANAND RATHI SH N STK BR L | 3,101 | 19.5 | 2.30 | 10.1 | 9.6 | 11.5 | — | 31.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.4 | 15.4 | 19 of 37 | 50% |
| P/B | 1.1 | 1.8 | 9 of 40 | 80% |
| ROCE | 3.5 | 12.6 | 11 of 16 | 33% |
| ROE | 4.2 | 9.6 | 29 of 40 | 28% |
| Debt / Equity | 0.0 | 0.0 | 29 of 40 | 28% |
| EBITDA margin | 73.6 | 31.2 | 4 of 39 | 92% |
| Revenue growth | (15.3) | 22.4 | 30 of 35 | 15% |
| Profit growth | (2.0) | 13.4 | 28 of 38 | 27% |
| Market cap | 49 | 507 | 39 of 42 | 7% |
| 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 |
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.
