BSE: 512377
MAGNANIMOUS TRADE & FINANCE LT
Operates as a small non-banking financial company (NBFC) listed on BSE, with revenue driven primarily by interest income. In Q3 FY26, total revenue from operations of Rs. 72.17 lakhs came almost entirely from interest income (Rs. 72.17 lakhs), while the year-ago quarter included a large one-off trading sale of about Rs. 877 lakhs, indicating the company also books occasional trading income. Full-year FY26 revenue fell sharply to Rs. 238.80 lakhs from Rs. 1,042.15 lakhs in FY25, a 77% drop, and profit after tax dropped to Rs. 80.58 lakhs from Rs. 468.83 lakhs. The auditor flagged a material uncertainty relating to going concern and noted the absence of a formal internal audit framework. Operating cash flow was negative at Rs. 221.39 lakhs for the year. During FY26, the company executed a 23:1 bonus share issue, raising equity share capital from Rs. 95.15 lakhs to Rs. 2,283.52 lakhs, and passed a postal ballot to shift its registered office from Jaipur, Rajasthan to Mumbai, Maharashtra. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income, Trading/sales income. Small, asset-light NBFC with concentrated interest-income revenue and episodic trading income; auditor flagged going-concern uncertainty
Exhibit 1: Financial summary, FY21–FY24 (all audited; no estimate years)
| ₹ crore · consolidated | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|
| Revenue | 0 | 1 | 0 | 1 |
| EBITDA (ex other income) | (0) | 0 | (0) | (14) |
| margin % | (9.3) | 19.0 | (82.3) | (1307.4) |
| Owners' profit | 0 | 0 | 0 | 18 |
| EPS, as reported (₹) | (0.04) | 1.10 | 3.54 | 192.02 |
| ROE % · ROCE % | 0.0 · — | 1.5 · — | 4.8 · — | 67.8 · — |
| Debt / equity (x) | — | — | — | — |
| Cash from operations | (0) | (0) | (1) | (18) |
| Capex | 0 | 0 | (1) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 |
| Profit before tax | (0) | 0 | 0 | (0) | 22 | (1) | (0) | 7 |
| Net profit | (0) | 0 | 0 | 0 | 18 | (1) | 0 | 7 |
| EPS (₹) | (1.02) | 0.99 | 0.96 | 0.22 | 190.00 | (6.19) | 0.03 | 74.93 |
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. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 17,213 | 28.2 | 11.57 | 16.5 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,821 | 101.2 | 29.48 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,059 | 16.9 | 2.36 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,677 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,439 | 195.1 | 10.25 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,838 | 19.1 | 4.14 | 14.5 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,250 | 34.0 | 2.48 | 25.3 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,731 | — | 7.25 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 0.0 | 13.0 | 1 of 79 | 100% |
| P/B | 0.1 | 1.3 | 8 of 95 | 93% |
| ROE | (6.6) | 2.9 | 101 of 113 | 11% |
| EBITDA margin | 81.5 | 25.4 | 15 of 92 | 85% |
| Revenue growth | 9168.4 | 16.2 | 2 of 91 | 99% |
| Profit growth | 34679.5 | 5.2 | 1 of 110 | 100% |
| Market cap | 1 | 47 | 105 of 108 | 3% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Board to approve September quarter results on 2 November 2026 | results | low | — | — |
| 12 Oct 2026 · Quarterly Reg 74(5) compliance certificate submitted for Sep 2026 | compliance | minimal | — | — |
| 1 Oct 2026 · 41st AGM Results: All 5 Resolutions Passed with Overwhelming Majority | compliance | minimal | — | — |
| 30 Sept 2026 · AGM held on 30 Sep 2026; 5 resolutions passed including director appointments | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Closure of Trading Window for the quarter and half year ended 30th September 2026 | compliance | minimal | — | — |
| 2 Sept 2026 · Annual Report FY 2025-26 and 41st AGM Notice filed | results | high | — | — |
| 2 Sept 2026 · 41st AGM notice set for Sept 30, 2026 with five resolutions | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Book closure from Sep 24 to Sep 30 for AGM | board shareholder meetings | low | — | — |
| 31 Aug 2026 · AGM fixed for September 30, 2026; Directors Report approved | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Q1 FY27 results: Revenue up 135% YoY, PAT at 45.70 lakh rupees | compliance | minimal | — | — |
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.