Operates two financial services businesses. Proprietary trading in shares and securities recorded a standalone EBIT loss of ₹166.30 lakh in FY26, with quarterly revenue swinging sharply between periods. Merchant banking services is the smaller line, posting a standalone EBIT of ₹20.88 lakh in FY26. Consolidated FY26 revenue rose to ₹11,368.72 lakh from ₹7,205.29 lakh in FY25, supported by 60%-owned subsidiary Mefcom Securities, whose entire stake the board has approved selling to promoter Vijay Mehta. The group swung to a consolidated net loss of ₹223.30 lakh in FY26 against a ₹1.19 lakh profit a year earlier. Q4 standalone revenue of ₹209.75 lakh was down from ₹1,085.06 lakh a year ago. Costs are dominated by employee pay at ₹3.14 crore (2.8% of revenue) and other operating expenses at ₹3.55 crore (3.1% of revenue), with no raw material inputs. Borrowings rose to ₹1,963.90 lakh from ₹804.22 lakh, and operating cash flow was a ₹1,128.43 lakh outflow for the year. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Trading in Shares & Securities, Merchant Banking Services. Small, loss-making capital markets firm with cyclical proprietary trading
| ₹ crore · consolidated | FY19 | FY20 | FY23 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3 | 2 | 66 | 221 | 114 |
| EBITDA (ex other income) | (3) | (2) | (5) | (2) | (2) |
| margin % | (106.6) | (132.0) | (7.8) | (0.9) | (1.4) |
| Owners' profit | (2) | (1) | (5) | (2) | (2) |
| EPS, as reported (₹) | (2.10) | (1.61) | (1.17) | 0.52 | 0.46 |
| ROE % · ROCE % | (19.2) · (19.4) | (15.8) · (15.8) | (39.9) · (33.2) | (10.0) · (8.2) | (12.3) · (3.2) |
| Debt / equity (x) | 0.00 | 0.00 | 0.45 | 0.38 | 1.08 |
| Cash from operations | — | — | (6) | (8) | (12) |
| Capex | — | — | — | (0) | (0) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 116 | 41 | 22 | 49 | 17 | 26 | 21 | 50 |
| Profit before tax | 2 | (1) | (4) | 5 | (1) | (1) | (5) | 7 |
| Net profit | 2 | (1) | (4) | 5 | (1) | (1) | (5) | 7 |
| EPS (₹) | 0.36 | (0.22) | 0.84 | 1.10 | 0.26 | 0.27 | 1.02 | 1.48 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Trading in Shares & Sexcurities | 19 | 17.0 |
| Merchant Banking Services | 2 | 1.8 |
| Trading in Shares & Securities | 40 | 35.0 |
| Merchant Banking Service | 5 | 4.2 |
| Trading in shares & Securities | 48 | 42.0 |
| Total, before eliminations | 114 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 17 Aug 2026 · Newspaper publication of Q1 FY27 financial results | compliance | minimal | — | — |
| 13 Aug 2026 · Q1 FY27 Results: Profit grows, subsidiary Mefcom Securities to be sold to promoter | results | high | — | — |
| 13 Aug 2026 · Board approves Q1 FY27 results; sells subsidiary stake to promoter MD | results | medium | — | — |
| 11 Aug 2026 · Scrutinizer's Report: All 7 resolutions passed at 41st AGM | compliance | minimal | — | — |
| 8 Aug 2026 · 41st AGM held; 7 resolutions including subsidiary sale and executive remuneration | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Corrigendum to FY26 Annual Report with AGM Notice for Aug 8 | results | low | — | — |
| 4 Aug 2026 · Board meeting on 13 Aug 2026 to consider Q1 FY27 results | results | low | — | — |
| 18 Jul 2026 · Notice of AGM published in Jansatta and Financial Express | compliance | minimal | — | — |
| 17 Jul 2026 · 41st AGM on 08 Aug 2026; Book Closure 05 to 08 Aug | board shareholder meetings | low | — | — |
| 17 Jul 2026 · 41st Annual Report and AGM notice; sale of subsidiary to MD proposed | 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 |
| GRETEX CORPORATE SERVICES | 1,451 | 38.9 | 4.55 | 33.6 | 8.8 | 12.2 | — | 47.1 |
| QUEST CAPITAL MARKETS LIMITED | 250 | 15.1 | 0.52 | 10.7 | 3.3 | — | — | 57.0 |
| MEFCOM CAPITAL MARKETS LTD. ◆ | 54 | 3.9 | 2.96 | — | (12.3) | (5.9) | — | 15.1 |
| 21ST CENTURY MGMT SERVICE | 40 | — | 1.21 | — | (72.7) | (72.2) | — | 94.6 |
| INTERACTIVE FINANCIAL SERVICES | 8 | 2.3 | 0.26 | — | 11.0 | 15.1 | — | 66.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 3.9 | 20.3 | 3 of 62 | 97% |
| P/B | 3.0 | 3.0 | 32 of 65 | 52% |
| ROCE | (5.8) | 16.0 | 30 of 33 | 9% |
| ROE | (12.3) | 11.4 | 62 of 65 | 5% |
| Debt / Equity | 1.1 | 0.0 | 63 of 65 | 3% |
| EBITDA margin | 15.1 | 45.7 | 56 of 64 | 13% |
| Revenue growth | 2.1 | 23.1 | 48 of 58 | 18% |
| Profit growth | 42.2 | 17.6 | 22 of 61 | 65% |
| Market cap | 54 | 990 | 62 of 69 | 10% |
| 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.
