KBS INDIA LIMITED

Operates as a small Mumbai-based shares and stock broking firm, with FY26 revenue from operations of Rs 233.94 lakh against total income of Rs 341.71 lakh. The company has no subsidiaries, associates, or joint ventures, and earns its revenue from broking activity on Indian stock exchanges. Its cost structure is dominated by employee costs at 47.9% of revenue and other operating expenses at 83.1%, with no raw material input, consistent with a services model. Reported EBITDA margin stood at 15.06%, but net profit fell to Rs 8.76 lakh in FY26 from Rs 17.66 lakh in FY25, while profit before tax fell sharply to Rs 12.23 lakh from Rs 45.60 lakh. The statutory auditor flagged two items: non-provision of gratuity under Ind AS 19, and an unrecovered long-term loan of Rs 16.65 crore plus Rs 8.02 lakh receivable from KBS Capital Management Singapore Pte Ltd, an erstwhile subsidiary now struck off, for which no provision has been made pending RBI permission. Operating cash flow was negative at Rs 33.78 lakh for FY26, and total assets stood at Rs 38.91 crore against equity share capital of Rs 1,082.12 lakh.