Earns most of its revenue from financial advisory services, which contributed 54.4% of period segment revenue at ₹16.50 crore in FY26 YTD. Broking and related activities added another 14.2% at ₹4.31 crore, while proprietary trading in securities accounted for 14.1% at ₹4.27 crore, and investment activities contributed 4.7% at ₹1.44 crore; a further 12.6% (₹3.81 crore) is unallocable. Broking and investment activities segments carry the highest reported EBIT margins in the pack at 51.4% and 73.1% respectively, whereas trading in securities runs on a thin 8.4% margin and is the most volatile line, swinging between profits and losses across the FY26 quarters. Employee costs are by far the largest expense at ₹10.46 crore, equal to 39.3% of revenue, reflecting the people-intensive nature of advisory and broking work, with other operating costs adding 27.3% and depreciation 4.1%. With total assets of ₹159.29 crore, zero debt on the balance sheet, and a consolidated net profit of ₹6.66 crore on revenue of ₹26.61 crore in FY26, the firm operates as a small, family-controlled capital markets entity. Both revenue and profit declined year-on-year in FY26, with the consolidated profit drop driven largely by fair-value losses on the trading book. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Advisory Services (54%), Broking & Related Activities (14%), Trading in Securities (14%), Investment Activities (5%), Unallocable (13%). Small, people-intensive capital markets firm with proprietary trading exposure
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 29 | 14 | 47 | 28 | 27 |
| EBITDA (ex other income) | 18 | (1) | 34 | 11 | 8 |
| margin % | 61.1 | (7.4) | 72.4 | 38.0 | 29.5 |
| Owners' profit | 0 | (2) | 27 | 15 | 7 |
| EPS, as reported (₹) | 28.89 | (3.07) | 49.94 | 26.17 | 11.96 |
| ROE % · ROCE % | 15.9 · — | (1.7) · — | 21.6 · — | 10.5 · — | 4.6 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (13) | 21 | 6 | 7 | (24) |
| Capex | (0) | (1) | (1) | (2) | (2) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11 | 7 | (2) | 16 | (2) | 12 | 0 | 19 |
| Profit before tax | 8 | 4 | (9) | 12 | (5) | 8 | (6) | 16 |
| Net profit | 9 | 6 | (8) | 13 | (1) | 4 | (9) | 12 |
| EPS (₹) | 15.65 | 10.12 | 13.83 | 22.57 | (1.64) | 8.07 | (17.03) | 20.81 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Advisory Services | 17 | 54.4 |
| Broking & Related Activities | 2 | 7.2 |
| Trading in Securities | 4 | 14.1 |
| Investment Activities | 1 | 4.4 |
| Unallocable | 4 | 12.6 |
| Broking and Related Services | 1 | 2.9 |
| Brokerage & Related Activities | 1 | 4.1 |
| Investment activities | 0 | 0.4 |
| Total, before eliminations | 30 | 100.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · 33rd AGM notice published in newspapers - e-voting and book closure details | compliance | minimal | — | — |
| 4 Sept 2026 · 33rd AGM Notice and FY26 Annual Report Sent to Shareholders | compliance | minimal | — | — |
| 4 Sept 2026 · 33rd AGM on Sep 28 2026: 10 percent dividend and 9 resolutions | board shareholder meetings | low | — | — |
| 21 Aug 2026 · AGM notice newspaper advertisement submitted to exchanges | compliance | minimal | — | — |
| 17 Aug 2026 · Newspaper publication of Q1 FY27 unaudited results filed with BSE and NSE | compliance | minimal | — | — |
| 13 Aug 2026 · Board updates insider trading code of conduct | compliance | low | — | — |
| 13 Aug 2026 · Keynote FinServ declares Rs 1 dividend, fixes book closure Sep 22-28 | corporate actions | medium | — | — |
| 13 Aug 2026 · Keynote Financial Services sets Sep 21 record date for Rs 1 dividend | corporate actions | medium | — | — |
| 13 Aug 2026 · Q1 FY27 results: standalone PAT doubles, revenue up 142% YoY | results | high | — | — |
| 13 Aug 2026 · Q1 FY27 results: standalone PAT up 111 percent, Rs 1 dividend declared | results | medium | — | — |
| 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 |
| 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 |
| 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) | 23.4 | 15.4 | 27 of 37 | 28% |
| P/B | 0.9 | 1.8 | 5 of 40 | 90% |
| ROE | 4.6 | 9.6 | 27 of 40 | 33% |
| Debt / Equity | 0.0 | 0.0 | 1 of 40 | 36% |
| EBITDA margin | 82.6 | 31.2 | 2 of 39 | 97% |
| Revenue growth | 23.7 | 22.4 | 16 of 35 | 56% |
| Profit growth | (7.8) | 13.4 | 29 of 38 | 24% |
| Market cap | 133 | 507 | 28 of 42 | 34% |
| 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.
