BSE: 512461
PUNCTUAL TRADING LTD.
Has no operating business — sales from core operations stood at nil across Q2 FY26, Q3 FY26, and the nine-month period of FY26. Total income for FY26 was Rs. 1,479.95 lakh, all classified as 'other income' and driven largely by investment-related returns plus a one-time Rs. 1,294.79 lakh gain from the sale of property, plant and equipment booked in Q1 FY26. Net profit for FY26 reached Rs. 1,154.48 lakh (EPS Rs. 115.45), against Rs. 133.80 lakh in FY25. The balance sheet is debt-free, with investments of Rs. 3,465.44 lakh making up the bulk of Rs. 3,484.32 lakh in total assets at H1 FY26. Operating cash flow was negative at Rs. -295.17 lakh for FY26, indicating reported profits did not convert to operating cash. The entity has 10,00,000 outstanding equity shares listed on BSE; at the FY25 AGM only 138,430 shares were voted (13.84% participation), with seven members taking part. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Investment and other income, One-time gain on sale of property, plant and equipment. Investment/trading shell with no operating business, debt-free, with income dominated by investment returns and a one-time asset-sale gain.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (1) | (0) | (1) | (1) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | 1 | 1 | 2 | 1 | 12 |
| EPS, as reported (₹) | 12.97 | 13.81 | 16.18 | 13.38 | 115.45 |
| ROE % · ROCE % | 7.3 · 8.2 | 7.5 · 8.3 | 7.8 · 8.0 | 6.5 · 9.4 | 35.4 · 42.6 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 0 | 1 | 1 | (2) | (3) |
| Capex | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 2 | 0 | (1) | 13 | 0 | 0 | 0 |
| Net profit | 0 | 2 | 0 | (1) | 11 | 0 | 0 | 0 |
| EPS (₹) | 3.14 | 15.34 | 0.41 | (5.51) | 106.14 | 5.51 | 2.58 | 3.79 |
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. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 17,213 | 28.2 | 11.57 | 16.5 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,821 | 101.2 | 29.48 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,059 | 16.9 | 2.36 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,677 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,439 | 195.1 | 10.25 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,838 | 19.1 | 4.14 | 14.5 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,250 | 34.0 | 2.48 | 25.3 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,731 | — | 7.25 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | 42.6 | 3.4 | 5 of 103 | 96% |
| ROE | 35.4 | 2.9 | 5 of 113 | 96% |
| Debt / Equity | 0.0 | 0.1 | 1 of 91 | 77% |
| Profit growth | 168.8 | 5.2 | 21 of 110 | 82% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 21 Oct 2026 · Registrar submits quarterly demat certificate to BSE | compliance | minimal | — | — |
| 1 Oct 2026 · Punctual Trading 40th AGM voting results: Both resolutions passed 100 percent | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Trading Window Closure from Oct 1, 2026 for Q2 Results | compliance | minimal | — | — |
| 30 Sept 2026 · Punctual Trading 40th AGM proceedings held on 30 September 2026 | board shareholder meetings | low | — | — |
| 23 Sept 2026 · 40th AGM adjourned due to lack of quorum, rescheduled to 30 September 2026 | board shareholder meetings | low | — | — |
| 23 Sept 2026 · 40th AGM adjourned due to lack of quorum | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Newspaper publication of 40th AGM Notice filed with BSE | compliance | minimal | — | — |
| 1 Sept 2026 · Punctual Trading FY26 Annual Report: PAT jumps to Rs 11.54 cr from Rs 1.34 cr | general | high | — | — |
| 1 Sept 2026 · Notice of 40th Annual General Meeting on 23 September 2026 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Punctual Trading - Book Closure Sep 17-23, 2026 for 40th AGM | 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.