BSE: 500298
Naperol Investments Limited
Operates as an investment company, earning revenue from two segments: Investment and Trading in equity securities. In FY26, the Investment segment generated ₹11.57 crore and the Trading segment generated ₹7.96 crore. Total income for FY26 stood at ₹26.72 crore, with a net profit of ₹10.69 crore. The balance sheet is dominated by equity investments, with total assets of ₹919.67 crore and a net worth of ₹91,117.09 lakhs as of March 31, 2026. The company carries no debt (debt-to-equity of 0) and acts as the promoter of Bombay Burmah Trading Corporation. The largest cost line is materials at ₹12.90 crore, or 48.3% of revenue, which likely reflects the cost of securities purchased for trading. The Board declared total dividends of ₹19.48 per share for FY26 (₹3 interim plus ₹16.48 final proposed). AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Investment, Trading. Asset-light investment holding company with no debt
Exhibit 1: Financial summary, FY20–FY23 (all audited; no estimate years)
| ₹ crore · consolidated | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue | 191 | 215 | 226 | 376 |
| EBITDA (ex other income) | 26 | 30 | 24 | 73 |
| margin % | 13.4 | 13.8 | 10.6 | 19.4 |
| Owners' profit | 18 | 21 | 5 | 43 |
| EPS, as reported (₹) | 31.17 | 36.85 | 9.45 | 73.98 |
| ROE % · ROCE % | 2.2 · 3.8 | 2.0 · 2.3 | 0.6 · 1.7 | 4.7 · 6.5 |
| Debt / equity (x) | 0.01 | 0.01 | 0.10 | 0.02 |
| Cash from operations | — | 61 | 9 | 69 |
| Capex | — | (23) | (18) | (6) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY22 | Q3 FY22 | Q4 FY22 | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 68 | 80 | 50 | 76 | 97 | 115 | 88 | 80 |
| Profit before tax | 10 | 12 | 0 | 15 | 4 | 23 | 14 | 6 |
| Net profit | 7 | 9 | (0) | 11 | 3 | 17 | 11 | 4 |
| EPS (₹) | 12.68 | 15.38 | (0.09) | 19.85 | 5.39 | 30.27 | 18.47 | 7.51 |
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. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,36,843 | 64.4 | 1.02 | — | 1.2 | — | — | 70.7 |
| ADITYA BIRLA CAPITAL LTD. | 96,668 | 22.6 | 2.63 | — | 10.5 | — | 18.8 | 40.8 |
| L&T FINANCE LIMITED | 60,306 | 18.9 | 2.15 | — | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD | 28,220 | 65.5 | 0.97 | — | 1.5 | — | 19.5 | 92.6 |
| CHOLAMANDALAM FIN HOL LTD | 23,640 | 8.9 | 0.70 | — | 16.2 | — | 23.0 | 58.4 |
| TVS HOLDINGS LIMITED | 23,316 | 11.8 | 1.81 | — | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD | 13,373 | 48.0 | 0.48 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED | 12,433 | 90.5 | 0.38 | — | 0.4 | — | 14.1 | 84.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.0 | 20.6 | 12 of 51 | 78% |
| P/B | 0.3 | 0.6 | 21 of 63 | 68% |
| ROCE | 5.9 | 0.4 | 7 of 28 | 78% |
| ROE | 4.7 | 1.3 | 21 of 65 | 69% |
| Debt / Equity | 0.0 | 0.0 | 20 of 27 | 27% |
| EBITDA margin | 13.3 | 61.6 | 48 of 62 | 23% |
| Revenue growth | 4.9 | 13.6 | 31 of 56 | 46% |
| Profit growth | (62.1) | 10.7 | 50 of 66 | 25% |
| Market cap | 283 | 283 | 34 of 68 | 51% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Routine compliance certificate for Q2 FY27 share dematerialisation | compliance | minimal | — | — |
| 16 Sept 2026 · Naperol Investments 72nd AGM: all 5 resolutions passed, dividend declared | board shareholder meetings | low | — | — |
| 16 Sept 2026 · 72nd AGM held - final dividend of Rs 16.48 per share declared | board shareholder meetings | low | — | — |
| 16 Sept 2026 · Naperol Investments 72nd AGM concludes; Rs 16.48 per share dividend declared | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Newspaper notice published for 72nd AGM on September 16 | compliance | minimal | — | — |
| 21 Aug 2026 · 72nd AGM Notice and Annual Report FY25-26 Communication to Shareholders | compliance | minimal | — | — |
| 21 Aug 2026 · 72nd AGM Notice and FY26 Annual Report filed | board shareholder meetings | medium | — | — |
| 21 Aug 2026 · 72nd AGM notice and annual report for FY 2025-26 filed | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Notice of 72nd AGM via video conferencing on September 16, 2026 | compliance | minimal | — | — |
| 5 Aug 2026 · Q1 FY27 results published; revenue and profit decline year on year | 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.