BSE: 539521
Navigant Corporate Advisors Li
Operates as a SEBI-registered Category I Merchant Banker based in Mumbai, listed on the BSE SME platform, providing corporate advisory and merchant banking services to clients. The company earned Rs. 464.07 lakh in revenue from operations in FY26, down about 40.5% from Rs. 779.51 lakh in FY25, with profit after tax falling to Rs. 89.14 lakh from Rs. 165.46 lakh (a 46.1% decline) and EPS at Rs. 2.83 versus Rs. 5.25. The H1 FY26 (April–September 2025) half-yearly results showed a similar pattern, with revenue from operations at Rs. 233.80 lakh, down roughly 43% from Rs. 409.71 lakh in H1 FY25, and PAT of Rs. 50.26 lakh. The biggest cost is people: employee expenses were 40.3% of revenue in FY26, with other operating expenses making up another 35.1%, while materials and capex were nil. The balance sheet is debt-free with cash and bank balances of Rs. 124.96 lakh and reserves and surplus of Rs. 951.52 lakh. A related promoter-group entity, Navigant IR Services Pvt Ltd, suggests investor-relations services are also part of the offering. The company is small and exempt from several SEBI LODR requirements because its paid-up capital and net worth fall below prescribed thresholds. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Merchant banking and corporate advisory fees. Small, debt-free, fee-based advisory and merchant banking firm on the BSE SME platform
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5 | 6 | 7 | 8 | 5 |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | 3.54 | 2.72 | 3.73 | 5.25 | 2.83 |
| ROE % · ROCE % | — · 17.2 | — · 13.1 | — · 15.9 | — · 18.8 | — · 9.7 |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 1 | 1 | 2 | 2 | 0 |
| Capex | — | — | — | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 3 | 3 | 4 | 4 | 4 | 2 | 2 |
| Profit before tax | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | 1.33 | 1.40 | 2.11 | 1.62 | 2.66 | 2.59 | 1.59 | 1.23 |
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. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 33,999 | 38.5 | 10.39 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,509 | 19.5 | 4.10 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,234 | — | 2.54 | 37.9 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 969 | — | 0.74 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| PRIME SECURITIES LIMITED | 968 | 172.9 | 3.78 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 881 | 26.7 | 5.18 | 16.9 | 22.5 | 30.3 | — | 97.5 |
| REGENCY FINCORP LIMITED | 571 | 52.3 | 3.56 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 529 | — | 1687.57 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.6 | 19.0 | 20 of 76 | 75% |
| ROCE | 9.7 | 1.8 | 15 of 83 | 83% |
| Revenue growth | (42.1) | (4.1) | 61 of 85 | 29% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 29 Sept 2026 · Trading window closure from Oct 1, 2026 for H1 FY26 results | compliance | minimal | — | — |
| 29 Sept 2026 · AGM voting results: 3 resolutions passed unanimously | board shareholder meetings | low | — | — |
| 29 Sept 2026 · This is to inform you that the 14th Annual General Meeting of Navigant Corporate Advisors Limited was held on Tuesday, September 29, 2026 at 11:30 a.m. at 804, Meadows, Sahar Plaza Complex, .... | board shareholder meetings | low | — | — |
| 16 Sept 2026 · Non-promoter group raises stake in Navigant Corporate Advisors to 21.33% | ownership changes | medium | — | — |
| 16 Sept 2026 · Aikyata Advisory LLP acquires 2.62% stake in Navigant Corporate Advisors | ownership changes | medium | — | — |
| 15 Sept 2026 · SAST Regulation 29(2) disclosure from Sarthak Vijlani and Others | ownership changes | medium | — | — |
| 5 Sept 2026 · Notice of 14th AGM on September 29, 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Navigant Corporate Advisors submits FY26 Annual Report, revenue falls 41 percent | results | high | — | — |
| 5 Sept 2026 · Board Meeting Outcome: 14th AGM Notice and Director Report Approved | board shareholder meetings | low | — | — |
| 3 Sept 2026 · ED conducts search at Navigant Corporate Advisors office | regulatory legal | high | — | — |
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.