Operates as a small services group classified under Trading & Distributors, with standalone FY26 revenue of Rs 11.21 crore, up 68% from Rs 6.67 crore the prior year. Materials form the largest cost line at 34.8% of revenue per the cost structure, while employee cost (0.8%), other operating expenses (0.9%) and depreciation (1.0%) are minor, leaving the bulk of the standalone P&L as gross margin. On a consolidated basis the business includes subsidiaries such as GeoIT Skills, MS Corridor Management and Ebony & Ivory Advertising, indicating activities across IT/skills training, corridor management and advertising. Standalone profit after tax was Rs 17.26 lakh in FY26, a modest 6.6% increase over Rs 16.19 lakh the year before, while consolidated nine-month PAT for FY26 nearly doubled year-on-year. The company is undergoing a major capital restructuring: shareholders have approved a preferential issue of 1,17,03,500 convertible equity warrants at Rs 72 each to 38 non-promoter allottees, aggregating up to Rs 84.27 crore, alongside an increase in authorised share capital. A BSE warning letter was received in December 2025 regarding compliance matters, for which corrective measures have been initiated. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Standalone trading/services operations, Subsidiary operations (consolidated). Small, services-oriented group (Trading & Distributors classification) with material costs as the largest input.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3 | 7 | 25 | 14 | 43 |
| EBITDA (ex other income) | 0 | 0 | 2 | 2 | 2 |
| margin % | 0.3 | 6.4 | 6.8 | 12.4 | 4.3 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.07 | 0.92 | 1.11 | 1.36 | 2.39 |
| ROE % · ROCE % | 1.8 · 0.9 | 22.5 · 3.7 | 3.9 · 5.5 | 21.3 · 3.0 | 26.9 · 4.7 |
| Debt / equity (x) | 2.87 | 6.23 | 2.40 | 30.66 | 2.14 |
| Cash from operations | (3) | (4) | (12) | (10) | 0 |
| Capex | 0 | (0) | 0 | 0 | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 4 | 4 | 3 | 3 | 2 | 36 | 2 |
| Profit before tax | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.26 | 0.31 | 0.71 | 0.36 | 1.23 | 0.26 | 0.53 | 0.23 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 30,817 | 18.1 | 2.96 | 14.3 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 9,347 | 20.9 | 4.41 | 19.9 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 5,178 | 22.1 | 5.73 | 15.5 | 24.2 | 31.8 | (13.9) | 86.5 |
| SHANKARA BUILDPRO LIMITED | 3,050 | 23.2 | 5.59 | 13.5 | 23.4 | 31.8 | — | 3.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Newspaper publication of 40th AGM notice and book closure | compliance | minimal | — | — |
| 9 Sept 2026 · Corrigendum to AGM Notice - adds missed item on revised certificate ratification | board shareholder meetings | low | — | — |
| 7 Sept 2026 · NMS Global files FY26 Annual Report and 40th AGM notice | compliance | low | — | — |
| 7 Sept 2026 · Book Closure Notice for AGM - Sept 24 to Sept 30, 2026 | compliance | minimal | — | — |
| 7 Sept 2026 · NMS Global 40th AGM: CFO change, new Independent Director, borrowing limit to Rs 500 cr | board shareholder meetings | low | — | — |
| 5 Sept 2026 · AGM notice and CFO change at NMS Global | management changes | medium | — | — |
| 5 Sept 2026 · NMS Global: CFO replaced, 40th AGM set for 30 Sep 2026 | management changes | high | — | — |
| 5 Sept 2026 · Board meeting outcome: 40th AGM on Sep 30, CFO change, new Independent Director | management changes | medium | — | — |
| 18 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results submitted | compliance | minimal | — | — |
| 8 Aug 2026 · Board meeting on 14 Aug 2026 to consider Q1 FY27 results | results | low | — | — |
| 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 |
| CREATIVE NEWTECH LIMITED |
| 1,682 |
| 25.8 |
| 4.34 |
| 19.2 |
| 18.1 |
| 21.0 |
| — |
| 5.2 |
| Pervasive Commodities Limited | 865 | 0.1 | 9.61 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd | 810 | 8.9 | 0.63 | 203.9 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 680 | 1.0 | — | 52.5 | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.8 | 14.7 | 87 of 161 | 46% |
| P/B | 4.5 | 1.1 | 122 of 145 | 16% |
| ROCE | 2.5 | 2.0 | 89 of 184 | 52% |
| ROE | 26.9 | 2.3 | 7 of 174 | 97% |
| Debt / Equity | 2.1 | 0.0 | 161 of 175 | 8% |
| EBITDA margin | 13.2 | 4.5 | 35 of 137 | 75% |
| Revenue growth | (8.6) | (8.6) | 68 of 135 | 50% |
| Profit growth | (37.4) | 0.6 | 95 of 157 | 40% |
| Market cap | 12 | 25 | 123 of 174 | 30% |
| 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.
