Classified by its exchange as a Trading & Distributors entity, the company reports a single operating segment but recorded zero revenue from operations in each of the first three quarters of FY26, indicating its core trading activity has wound down. The bulk of income now flows from 'Other Operating Income' of Rs. 143.88 lakhs in 9M FY26, which filings describe as appearing to be interest and investment income. Total income for the half year ended September 2025 was Rs. 129.65 lakhs, almost entirely from this other income line. The balance sheet is dominated by investments of Rs. 2,700.60 lakhs as the largest asset within Rs. 4,034.04 lakhs of total assets, with shareholders' funds of Rs. 4,029.46 lakhs. Operating costs have collapsed to Rs. 28.86 lakhs in 9M FY26 from Rs. 259.96 lakhs a year earlier because there are no material costs. Profitability is now driven by returns on its investment book rather than any trading margin. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Other Operating Income (interest/investment income), Revenue from operations. Inactive trading shell now functioning as an investment-holding entity earning interest and investment income.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 9 | 5 | 4 | 0 |
| EBITDA (ex other income) | 0 | 0 | (0) | 0 | (0) |
| margin % | 4.1 | 0.1 | (6.1) | 9.0 | — |
| Owners' profit | 0 | (1) | 1 | 0 | 0 |
| EPS, as reported (₹) | 0.01 | (0.05) | 0.03 | 0.02 | 0.01 |
| ROE % · ROCE % | 0.0 · 0.0 | (2.8) · (2.8) | 1.9 · 2.0 | 0.9 · 0.9 | 0.4 · 0.8 |
| Debt / equity (x) | 0.24 | 0.00 | 0.00 | 0.06 | 0.00 |
| Cash from operations | (8) | 5 | (3) | (5) | 25 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | (0) | 1 | (1) | 0 | 1 | 0 | (1) |
| Net profit | 0 | (0) | 1 | (1) | 0 | 1 | 0 | (1) |
| EPS (₹) | 0.01 | 0.00 | 0.03 | 0.02 | 0.01 | 0.04 | 0.00 | 0.04 |
| 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 % |
|---|---|---|---|---|
| 2 Sept 2026 · Saianand Commercial files FY26 Annual Report; revenue tumbles 82 percent, no operations | results | high | — | — |
| 2 Sept 2026 · Book closure for Annual General Meeting | corporate actions | low | — | — |
| 2 Sept 2026 · 42nd AGM notice on 25 Sept 2026; financial statements and director reappointment | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Q1 FY27 results: Revenue down 80% YoY, swings to loss | results | medium | — | — |
| 6 Aug 2026 · Q1 FY26 results: Revenue drops to 6.59 lacs, swings to net loss of 2.61 lacs | results | medium | — | — |
| 21 Jul 2026 · Board meeting on 6 Aug 2026 to approve Q1 FY27 results | results | low | — | — |
| 7 Jul 2026 · Routine compliance filing for Q1FY27 demat certificate | compliance | minimal | — | — |
| 9 Jun 2026 · PFA | compliance | minimal | — | — |
| 20 May 2026 · PFA | compliance | minimal | — | — |
| 15 May 2026 · PFA | results | high | — | — |
| 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 |
| 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) | 2.2 | 14.7 | 22 of 161 | 87% |
| P/B | 0.1 | 1.1 | 6 of 145 | 97% |
| ROCE | 0.5 | 2.0 | 119 of 184 | 36% |
| ROE | 0.4 | 2.3 | 116 of 174 | 34% |
| Debt / Equity | 0.0 | 0.0 | 15 of 175 | 64% |
| Revenue growth | (100.0) | (8.6) | 127 of 135 | 0% |
| Profit growth | (71.2) | 0.6 | 111 of 157 | 30% |
| Market cap | 5 | 25 | 166 of 174 | 5% |
| 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.
