Operates as a BSE-listed non-banking financial company (NBFC) registered in Gujarat. In FY26, revenue from operations was Rs. 264.74 lakhs, almost entirely driven by a one-time purchase of stock-in-trade worth Rs. 287.03 lakhs booked in Q2 FY26, while Q3 FY26 had zero revenue from operations. Total income for the year stood at Rs. 312.74 lakhs and profit after tax was Rs. 42.67 lakhs, reversing a Rs. 17.54 lakh loss in FY25. Operating cash flow for the year was Rs. 1,032.10 lakhs, and borrowings were cut from Rs. 787.18 lakhs to Rs. 300 lakhs. Employee cost was 4.7% of revenue and other operating expenses were 8.3% of revenue, with no materials cost recorded. The board is currently weighing an equity acquisition in another company, raising authorised capital, increasing borrowing and investment limits, and a possible name change. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Stock-in-trade transactions. Very small, BSE-listed NBFC with episodic, transaction-driven revenue.
| ₹ crore · consolidated | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 1 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) |
| margin % | (5.6) | — | (73.5) |
| Owners' profit | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.14 | 0.08 | 0.08 |
| ROE % · ROCE % | 1.3 · 1.7 | 0.7 · 0.7 | 0.8 · 2.2 |
| Debt / equity (x) | 2.46 | 2.46 | 3.79 |
| Cash from operations | (9) | 1 | (10) |
| Capex | (5) | 0 | (0) |
| ₹ crore | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | (0) | 0 | 0 | 0 | (0) |
| Net profit | 0 | 0 | 0 | (0) | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.05 | 0.08 | 0.08 | (0.13) | 0.09 | 0.07 | 0.05 | 0.00 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 34,342 | 38.9 | 10.50 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,526 | 19.6 | 4.12 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,359 | — | 2.80 | 41.8 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 1,077 | — | 0.82 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · AGM notice and FY26 annual report filed with key business resolutions | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · 39th AGM notice: 2 acquisitions, share swap, capital raise, office shift to Mumbai | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Book Closure for AGM on Sept 29, 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · Board okays two acquisitions via share swap, new CFO, office shift to Maharashtra | corporate actions | medium | — | — |
| 1 Sept 2026 · Board to consider acquisitions, preferential share issue on Sept 5 | strategic transactions | high | — | — |
| 30 Aug 2026 · Shivansh Finserv proposes Suvarna and Katdare as statutory auditor | management changes | medium | — | — |
| 14 Aug 2026 · Kreon Finnancial sells 26,898 shares in Shivansh Finserve, stake falls to 4.75 percent | ownership changes | medium | — | — |
| 7 Aug 2026 · Board meeting on 14 Aug 2026 to approve Q1 FY27 results | results | low | — | — |
| 6 Aug 2026 · Board approves evaluation of two acquisitions and capital restructuring | strategic transactions | medium | — | — |
| 1 Aug 2026 · BSE Price Query Clarification: No Undisclosed Information | regulatory legal | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| PRIME SECURITIES LIMITED |
| 961 |
| 171.5 |
| 3.75 |
| 87.4 |
| 5.1 |
| — |
| 25.7 |
| 19.0 |
| WEALTH FRST PORT. MG. LTD | 900 | 27.3 | 5.29 | 17.3 | 22.5 | 30.3 | — | 97.5 |
| STELLANT SECURITIES (INDIA) LT | 559 | — | 1784.58 | — | 18.2 | 18.2 | — | 56.7 |
| THE INVEST TRUST OF IND L | 511 | 15.3 | 0.70 | 7.1 | 4.7 | 3.9 | (2.4) | 23.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 63.0 | 17.9 | 83 of 95 | 13% |
| P/B | 1.2 | 1.2 | 50 of 101 | 51% |
| ROCE | 0.4 | 1.6 | 56 of 84 | 34% |
| ROE | 0.8 | 1.3 | 65 of 115 | 44% |
| Debt / Equity | 3.8 | 0.0 | 114 of 115 | 1% |
| EBITDA margin | 211.7 | 25.6 | 7 of 91 | 93% |
| Profit growth | 100.3 | (0.2) | 26 of 109 | 77% |
| Market cap | 8 | 28 | 93 of 109 | 15% |
| 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 |
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.
