Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · Pune E - Stock Broking Limited · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Operates as a stock broking and allied financial services firm listed on BSE's SME platform, with a growing portfolio of capital-market adjacencies. Core activity is stock broking and acting as a Depository Participant, evidenced by routine SEBI Regulation 74(5) certificates for dematerialisation of client securities. The company runs an Alternative Investment Fund (AIF) platform that has reached approximately INR 50 crore in assets under management, and has applied for and received an IRDAI Certificate of Registration as a Corporate Agent (Composite) to distribute insurance. The board has earmarked proceeds from a Rs. 37.44 crore preferential issue of 16 lakh convertible warrants (at Rs. 234 each) for expanding the Margin Trading Facility book (25%), IPO underwriting and anchoring (25%), repaying existing debt (25%), scaling the merchant banking division (20%), and general expansion (5%). A merchant banking division is being set up, with a Principal Officer appointed. In FY26, the firm reported total revenue of Rs. 53.87 crore and PAT of Rs. 1,955.87 lakh with an EBITDA margin of 49.72%, employing a small team (employee cost at 12.3% of revenue) relative to other operating expenses (50.6% of revenue). The board has recommended a final dividend of Rs. 1 per share for FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Stock broking and Depository Participant services, Alternative Investment Fund (AIF) platform, Merchant banking, Insurance distribution, Margin Trading Facility, IPO underwriting and anchoring. Small-cap, SME-listed diversified capital-markets firm with stock broking at the core and adjacencies in AIF, merchant banking, margin trading, and insurance distribution.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY24
FY25
FY26
Revenue
66
63
54
EBITDA (ex other income)
—
—
—
margin %
—
—
—
Owners' profit
—
—
—
EPS, as reported (₹)
11.02
11.70
12.48
ROE % · ROCE %
— · 12.8
— · 18.2
— · 17.3
Debt / equity (x)
—
—
—
Cash from operations
42
(60)
17
Capex
—
(1)
(1)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Pune E - Stock Broking Limited · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 5 quarters
₹ crore
Q4 FY24
Q2 FY25
Q4 FY25
Q2 FY26
Q4 FY26
Revenue
40
40
23
26
27
Profit before tax
9
17
8
14
13
Net profit
—
—
—
—
—
EPS (₹)
5.71
0.00
3.46
6.52
5.96
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
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. %
BILLIONBRAINS GARAGE VN L
1,16,321
46.8
12.05
39.5
21.6
28.9
—
67.8
MOTILAL OSWAL FIN LTD
58,348
29.4
4.50
—
14.5
—
20.9
57.7
360 ONE WAM LIMITED
39,572
31.3
4.02
—
12.4
—
22.0
66.8
NUVAMA WEALTH MANAGE LTD
30,763
14.5
7.46
—
25.2
—
—
53.0
ANGEL ONE LIMITED
26,419
4.9
4.30
—
14.9
—
32.4
34.2
IIFL CAPITAL SERVICES LTD
10,720
18.6
3.49
—
18.4
—
25.1
50.0
SHARE IND. SECURITIES LTD
3,868
10.7
1.46
—
12.2
—
26.8
45.5
ANAND RATHI SH N STK BR L
2,955
18.6
2.19
9.7
9.6
11.5
—
31.2
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
16.4
15.1
19 of 33
44%
ROCE
14.3
12.6
6 of 16
67%
Revenue growth
(30.9)
22.4
32 of 35
9%
Market cap
412
409
21 of 42
51%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Pune E - Stock Broking Limited · 28 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
27 Oct 2026 · Board to approve September 2026 half-year results and related-party deals
results
low
—
—
23 Oct 2026 · Share processing certificate filed for September 2026 quarter
compliance
minimal
—
—
5 Oct 2026 · Board approves raising up to Rs 50 Cr via NCDs on private placement
board shareholder meetings
low
—
—
29 Sept 2026 · Board meeting on Oct 5, 2026 to consider raising Rs 50 crore via NCDs
fund raising
medium
—
—
28 Sept 2026 · Trading window closed from Oct 1 ahead of half-yearly results
compliance
minimal
—
—
18 Sept 2026 · Pune E-Stock Broking to hold virtual investor meet on September 25
board shareholder meetings
low
—
—
11 Sept 2026 · Pune E-Stock Broking AGM 2026: All 9 resolutions passed, Re 1 dividend approved
compliance
low
—
—
11 Sept 2026 · Shareholders approve three director appointments at AGM
management changes
medium
—
—
10 Sept 2026 · Pune E-Stock Broking 19th AGM held; PAT up 20%, dividend of Re 1/share declared
board shareholder meetings
low
—
—
10 Sept 2026 · Pune E-Stock Broking Investor Presentation - September 2026
investor communications
medium
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
