Acts as a holding company whose consolidated operations were driven almost entirely by its 54.90% stake in material subsidiary Rashtriya Metal Industries Limited (RMIL), which contributed 97.36% of consolidated turnover (Rs 885.95 crore) and 98.55% of consolidated net worth for FY25. On 12 March 2026 the company executed a Share Purchase Agreement to sell its entire 22,79,410 RMIL shares to Gravita India Limited, an unrelated third party, for approximately Rs 310.17 crore, and the subsidiary has been deconsolidated thereafter. Standalone revenue from operations had already collapsed to Rs 1,186.27 lakhs in FY26 from Rs 2,405.18 lakhs in FY25, and the standalone entity posted a loss of Rs 2,609.00 lakhs before exceptional items in FY26, with the headline standalone PAT of Rs 25,459.95 lakhs driven by a Rs 30,714.64 lakhs exceptional gain on the RMIL sale. At the consolidated level, FY26 revenue was Rs 98,890.17 lakhs, up 8.7% year-on-year, but operating profit before exceptional items fell to Rs 2,655.68 lakhs from Rs 3,824.13 lakhs. Materials were the largest cost line at 81.2% of consolidated revenue (Rs 802.92 crore in FY26), with employee cost at 3.5% and other opex at 10.7%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Material subsidiary operations (RMIL) (97%), Standalone operations. Holding company divested of its core operating subsidiary in March 2026; standalone entity is now a near-shell holding cash and investment balances
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 533 | 598 | 688 | 910 | 989 |
| EBITDA (ex other income) | 51 | 25 | 26 | 60 | 239 |
| margin % | 9.5 | 4.2 | 3.8 | 6.6 | 24.2 |
| Owners' profit | 17 | 3 | 5 | 15 | 132 |
| EPS, as reported (₹) | 1345.59 | 34.24 | 25.95 | 74.28 | 671.13 |
| ROE % · ROCE % | 11.1 · 16.1 | 2.2 · 6.3 | 3.0 · 7.5 | 8.8 · 17.7 | 55.4 · 91.7 |
| Debt / equity (x) | 0.06 | 0.18 | 0.18 | 0.50 | 0.00 |
| Cash from operations | 12 | 12 | 31 | 62 | 72 |
| Capex | (7) | (6) | (24) | (6) | (6) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 224 | 243 | 232 | 211 | 246 | 273 | 237 | 234 |
| Profit before tax | 16 | (2) | 12 | 13 | 6 | 14 | 34 | (26) |
| Net profit | 11 | (2) | 6 | 13 | 4 | 10 | 25 | (65) |
| EPS (₹) | 27.30 | (3.34) | 15.32 | 35.00 | 10.50 | 28.61 | 70.66 | 561.36 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 6,43,552 | 31.7 | 5.50 | 11.6 | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 2,42,019 | 18.1 | 3.67 | 6.7 | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,57,446 | 27.2 | 5.17 | 6.9 | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,54,110 | 28.2 | 3.27 | 6.5 | 10.4 | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · SPV Global Trading changes internal auditor; CAS and Co exits, Chhogmal and Co joins | management changes | medium | — | — |
| 7 Sept 2026 · Newspaper publication for 41st AGM on September 29, 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · AGM notice FY26: seek higher investment cap Rs 350 Cr, borrowing cap Rs 500 Cr | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · SPV Global Trading sets AGM on 29 Sep 2026, book closure from 23 Sep | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Book Closure for AGM from Sep 23 to Sep 29, 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · AGM notice on Sept 29 with 350Cr investment and 500Cr borrowing limit hikes | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · 41st AGM notice with borrowing cap hike to Rs 500 cr and new directors | board shareholder meetings | low | — | — |
| 24 Aug 2026 · SPV Global Trading board clears Q1 results, raises investment and borrowing limits | credit debt | medium | — | — |
| 24 Aug 2026 · Board reconstitutes committees after director resignation | management changes | low | — | — |
| 14 Aug 2026 · SPV Global posts Q1 FY27 standalone PAT of Rs 166.14 lakh, turnaround from loss | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| 75.8 |
| MUTHOOT FINANCE LIMITED | 1,12,094 | 9.9 | 2.82 | 3.9 | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 62,349 | 27.4 | 3.96 | — | 13.8 | — | — | 33.1 |
| HDB FINANCIAL SERVICES L | 55,706 | 20.2 | 2.70 | — | 12.3 | — | — | 58.0 |
| SUNDARAM FINANCE LTD | 52,217 | 23.3 | 3.51 | 6.7 | 13.8 | — | — | 78.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 0.0 | 18.2 | 3 of 212 | 99% |
| P/B | 0.0 | 1.1 | 1 of 245 | 100% |
| ROCE | 75.3 | 2.1 | 2 of 63 | 98% |
| ROE | 55.5 | 3.0 | 3 of 266 | 99% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 1.7 | 48.6 | 189 of 249 | 24% |
| Revenue growth | 10.9 | 12.6 | 120 of 231 | 48% |
| Profit growth | (622.0) | 7.8 | 239 of 251 | 5% |
| Market cap | 3 | 37 | 256 of 260 | 2% |
| 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 |
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.
