BSE: 511716
Invigorated Business Consultin
Operates a consulting and advisory services business with nil turnover, having wound down its former non-banking financial company (NBFC) operations after the RBI cancelled its registration. The entity, renamed from Escorts Finance Limited, is focused on recovering old delinquent NBFC loan assets while exploring new business options. Total income is limited to other income of Rs 4.81 lakh in Q1 FY27 versus Rs 5.86 lakh in Q1 FY26, and between Rs 5.04 lakh and Rs 5.94 lakh per quarter through FY26. The company reported a net loss of Rs 5.34 lakh in Q1 FY27 and a full-year FY26 loss of Rs 22.91 lakh. Total assets stood at Rs 4.09 crore as of FY26, while paid-up equity capital of Rs 4,017.25 lakh is offset by deeply negative other equity of Rs 21,972.48 lakh, leaving net worth fully eroded. Its single consulting/advisory segment has reported nil turnover since the name change, and the statutory auditor flagged accumulated losses while preparing accounts on a going-concern basis. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Consultancy/Advisory Services, Other income. Wound-down former NBFC with nil consulting turnover and fully eroded net worth
Exhibit 1: Financial summary, FY19–FY19 (all audited; no estimate years)
| ₹ crore · consolidated | FY19 |
|---|---|
| Revenue | 0 |
| EBITDA (ex other income) | (0) |
| margin % | (697.2) |
| Owners' profit | 0 |
| EPS, as reported (₹) | 0.02 |
| ROE % · ROCE % | (0.0) · (0.1) |
| Debt / equity (x) | (0.05) |
| Cash from operations | — |
| Capex | — |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q4 FY19 |
|---|---|
| Revenue | 0 |
| Profit before tax | 0 |
| Net profit | 0 |
| EPS (₹) | 0.00 |
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. % |
|---|---|---|---|---|---|---|---|---|
| CENTRAL MINE P N D INST L | 13,338 | 43.9 | 5.84 | — | 26.9 | 34.6 | — | 34.9 |
| IIRM HOLDINGS INDIA LTD | 695 | 28.3 | 4.41 | 11.8 | 15.5 | 14.4 | — | 24.9 |
| Qualitek Labs Limited | 582 | 37.3 | — | — | — | 8.5 | — | — |
| Monarch Surveyors and Engineer | 358 | 7.3 | — | — | — | 20.9 | — | — |
| LIKHAMI CONSULTING LIMITED | 307 | 965.6 | 8.75 | — | 0.7 | 0.9 | — | 67.2 |
| Ekansh Concepts Limited | 245 | 77.9 | 5.40 | 148.1 | (6.7) | (6.8) | (12.2) | 48.8 |
| EKI ENERGY SERVICES LTD | 206 | — | 0.54 | 20.9 | (4.3) | (3.0) | — | (6.1) |
| AAA TECHNOLOGIES LIMITED | 158 | 74.1 | 5.10 | — | 6.7 | 8.9 | — | 31.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| Market cap | 37 | 35 | 11 of 26 | 60% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 16 Oct 2026 · Board meeting on Oct 29 to approve Q2 FY26 results | results | low | — | — |
| 7 Oct 2026 · RTA compliance certificate for dematerialization filed with BSE | compliance | minimal | — | — |
| 25 Sept 2026 · Newspaper publication for special dematerialisation window of physical shares | compliance | minimal | — | — |
| 23 Sept 2026 · Trading Window closed from Oct 1, 2026 for Q2 results | compliance | minimal | — | — |
| 2 Sept 2026 · New Independent Director appointed as Sumit Raj completes term | management changes | medium | — | — |
| 2 Sept 2026 · All seven AGM resolutions passed with 73.41 percent participation | board shareholder meetings | low | — | — |
| 2 Sept 2026 · 38th AGM held on Sep 2, 2026; voting results awaited within 2 working days | board shareholder meetings | low | — | — |
| 8 Aug 2026 · Newspaper publication of 38th AGM notice and e-voting information | compliance | minimal | — | — |
| 7 Aug 2026 · 38th AGM notice and FY 2025-26 Annual Report weblink sent to shareholders | compliance | minimal | — | — |
| 7 Aug 2026 · AGM notice and annual report for FY 2025-26 | 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.