A small BSE-listed stockbroking and allied financial services firm earns the bulk of its FY26 reported profit not from broking commissions but from mark-to-market gains on its investment book. Revenue from operations was modest — Q4 FY26 alone brought in Rs 47.11 lakh of operating revenue, against a full-year total income of Rs 601.10 lakh that includes Rs 464.74 lakh of mark-to-market profits on investments. Profit after tax fell to Rs 420.89 lakh in FY26 from Rs 689.31 lakh in FY25, a roughly 39% decline, while EPS dropped to Rs 25.04 from Rs 41.03. Costs are dominated by employee spend (183% of revenue) and other operating expenses (145% of revenue), reflecting a fixed overhead base running far ahead of a small top line. Operating cash flow turned sharply negative at Rs (961.88) lakh against positive Rs 1,340.94 lakh in FY25. Total assets stood at Rs 32.24 crore and the firm has no subsidiaries. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Stockbroking & allied (operating revenue), Investment income / mark-to-market gains. Small, BSE-listed stockbroker whose reported earnings are dominated by investment-book mark-to-market gains rather than broking fees.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2 | 1 | 3 | 15 | 0 |
| EBITDA (ex other income) | 1 | (0) | 2 | 10 | (1) |
| margin % | 47.0 | (2.2) | 60.3 | 67.8 | (228.0) |
| Owners' profit | 1 | 0 | 2 | 7 | 4 |
| EPS, as reported (₹) | 0.65 | 0.16 | 1.24 | 4.10 | 2.50 |
| ROE % · ROCE % | 6.1 · 7.0 | 1.5 · 1.2 | 10.6 · 11.8 | 25.9 · 39.1 | 13.7 · 13.8 |
| Debt / equity (x) | 0.06 | 0.10 | 0.05 | 0.02 | 0.00 |
| Cash from operations | (4) | 1 | (2) | 13 | (10) |
| Capex | (0) | (0) | (1) | (0) | (0) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 0 | 0 | (0) | 0 | 0 | 0 | (0) |
| Profit before tax | 14 | 1 | (2) | (2) | (1) | 0 | 2 | 3 |
| Net profit | 10 | 1 | (2) | (2) | (1) | 0 | 2 | 3 |
| EPS (₹) | 6.20 | 0.58 | (1.33) | 1.35 | 0.46 | 0.18 | 1.07 | 1.70 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Newspaper publication of 35th AGM notice completion | compliance | minimal | — | — |
| 7 Sept 2026 · Record Date set for 35th AGM on 27 September 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Annual Report FY26 and 35th AGM notice filed | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · Board approves Director and Auditor re-appointments, 35th AGM on 27 Sept | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Board meeting on 27 Aug to consider director re-appointment, auditor and AGM | board shareholder meetings | low | — | — |
| 19 Aug 2026 · My Money Securities files newspaper publication of Q1 FY27 results | compliance | minimal | — | — |
| 10 Aug 2026 · Board meeting on 14 Aug 2026 to consider Q1 results and director re-appointments | board shareholder meetings | low | — | — |
| 14 Jul 2026 · RTA quarterly compliance certificate filed with BSE | compliance | minimal | — | — |
| 30 Jun 2026 · Trading window closed ahead of Q1 FY27 results | compliance | minimal | — | — |
| 3 Jun 2026 · Intimation - Transmission of shares from the Deceased Promoter to another Promoter | ownership changes | 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 |
| 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) | 11.0 | 15.4 | 13 of 37 | 67% |
| P/B | 2.0 | 1.8 | 23 of 40 | 44% |
| ROCE | 13.6 | 12.6 | 8 of 16 | 53% |
| ROE | 13.7 | 9.6 | 13 of 40 | 69% |
| Debt / Equity | 0.0 | 0.0 | 27 of 40 | 33% |
| EBITDA margin | (1336.7) | 31.2 | 37 of 39 | 5% |
| Profit growth | 226.3 | 13.4 | 3 of 38 | 95% |
| Market cap | 63 | 507 | 38 of 42 | 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.
