NSE: ODYCORP · BSE: 531996
ODYSSEY CORPORATION LTD.
Operates as a Non-Banking Financial Company (NBFC) under the Financial Services sector classification. Standalone revenue from operations in FY26 was Rs 4,661.53 Lacs with consolidated revenue of Rs 6,786.03 Lacs, alongside other income of Rs 1,701.62 Lacs. The cost base is light — materials at 5.2% of revenue, employee costs at 1.6%, and other operating expenses at 7.4% — with depreciation at 1.2% and an EBITDA margin of 25.3%, consistent with a financial services model rather than physical operations. Profit after tax stood at Rs 967.25 Lacs in FY26, against total assets of Rs 194.38 crore. The company holds a wholly-owned subsidiary in the construction contracts business, with the remaining 20% stake acquired in March 2026. The board has authorisation to advance loans and provide guarantees up to Rs 50 crore under Section 185 of the Companies Act 2013, and growth has been funded through multiple preferential issues and warrant conversions. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Revenue from operations, Other income. Light-cost NBFC with a construction contracting subsidiary
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 100 | 74 | 33 | 28 | 49 |
| EBITDA (ex other income) | 2 | (2) | 0 | (4) | (6) |
| margin % | 1.8 | (2.6) | 0.0 | (13.5) | (12.1) |
| Owners' profit | 3 | 1 | 2 | 4 | 0 |
| EPS, as reported (₹) | 1.53 | 0.37 | 0.91 | 0.75 | 1.20 |
| ROE % · ROCE % | 33.2 · 8.7 | 2.0 · 2.2 | 4.2 · 4.2 | 2.2 · 2.8 | 5.5 · 6.4 |
| Debt / equity (x) | 0.01 | 0.03 | 0.03 | 0.04 | 0.04 |
| Cash from operations | 3 | (1) | 9 | (31) | (35) |
| Capex | 0 | (5) | (4) | (1) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 14 | 13 | 8 | 12 | 8 | 21 |
| Profit before tax | 0 | 4 | 0 | (0) | 2 | 1 | 2 | 6 |
| Net profit | 0 | 4 | 0 | (1) | 1 | 1 | 2 | 5 |
| EPS (₹) | 0.11 | 0.96 | 0.08 | (0.13) | 0.20 | 0.15 | 0.26 | 0.59 |
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. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 5,70,768 | 28.1 | 4.88 | — | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 1,94,820 | 14.6 | 2.96 | — | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,31,798 | 22.8 | 4.33 | — | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,31,209 | 24.0 | 2.79 | — | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 96,352 | 8.5 | 2.42 | — | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 50,202 | 22.1 | 3.19 | — | 13.8 | — | — | 33.1 |
| SUNDARAM FINANCE LTD | 43,766 | 19.6 | 2.94 | — | 13.8 | — | — | 78.4 |
| AUTHUM INVEST & INFRA LTD | 42,040 | 7.2 | 2.85 | — | 13.1 | — | — | 90.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.8 | 18.1 | 20 of 200 | 91% |
| P/B | 0.3 | 1.1 | 23 of 253 | 91% |
| ROCE | 6.2 | 2.0 | 16 of 59 | 74% |
| ROE | 5.5 | 3.1 | 99 of 257 | 62% |
| Debt / Equity | 0.0 | 0.0 | 34 of 53 | 37% |
| EBITDA margin | 28.8 | 48.6 | 150 of 249 | 40% |
| Revenue growth | 63.4 | 12.6 | 51 of 231 | 78% |
| Profit growth | 769.9 | 7.8 | 14 of 251 | 95% |
| Market cap | 47 | 34 | 119 of 268 | 56% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Routine SEBI 74(5) compliance certificate for Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · Odyssey Corporation 31st AGM: All 4 resolutions passed; dividend declared | compliance | minimal | — | — |
| 30 Sept 2026 · Odyssey Corporation 31st AGM proceedings filed; dividend on the agenda | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · Trading Window Closed From Oct 1, 2026 Ahead of Q2 Results | compliance | minimal | — | — |
| 11 Sept 2026 · Promoter Hiten Mehta gifts 48,000 shares (0.05%) via off-market transfer | ownership changes | low | — | — |
| 11 Sept 2026 · Promoter gets 48,000 shares via off-market gift transfer | ownership changes | low | — | — |
| 11 Sept 2026 · Promoter Hiten Mehta gifts 48000 Odyssey Corp shares off market | ownership changes | low | — | — |
| 11 Sept 2026 · Promoter Hemanshu Mehta receives 48,000 shares as gift in Odyssey Corp | ownership changes | medium | — | — |
| 9 Sept 2026 · Newspaper publication of notice for 31st Annual General Meeting | compliance | minimal | — | — |
| 8 Sept 2026 · Odyssey Corporation files FY26 Annual Report with BSE; AGM on September 30 | 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.