BSE: 526071
STELLANT SECURITIES (INDIA) LT
Operates a securities trading and advisory business listed on BSE, with a secondary bullion trading arm. For FY26 ended March 2026, the Securities Market Trading and Advisory segment generated Rs 47.28 crore of revenue and Bullion Trading generated Rs 3.22 crore, against total revenue from operations of Rs 50.50 crore. Earnings are highly volatile: Q1 FY26 net profit was Rs 1.70 crore, the nine months to December 2025 showed a net loss of Rs 24.32 lakh, yet the full year ended March 2026 closed at Rs 21.31 crore net profit on the back of a large mid-year gain. The latest Q1 FY27 quarter reported revenue from operations of Rs 11.79 crore and net profit of Rs 17.07 crore. As a financial intermediary, costs are light — employee expense was 0.1% of revenue and other operating expenses 0.4%, with no material, depreciation or capex intensity. The board has proposed a preferential raise of about Rs 99.21 crore and recommended a final dividend of Rs 0.20 per share for FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Securities Market Trading and Advisory, Bullion Trading. Small, volatile trading and advisory firm on BSE
Exhibit 1: Financial summary, FY19–FY23 (all audited; no estimate years)
| ₹ crore · consolidated | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|
| Revenue | 0 | 1 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | — | (75.0) | (180.3) | — | (96.3) |
| Owners' profit | (0) | (0) | 0 | (0) | (0) |
| EPS, as reported (₹) | (1.14) | (5.55) | (3.39) | (0.42) | (2.01) |
| ROE % · ROCE % | (7.7) · (7.6) | (59.8) · (59.5) | (57.6) · (57.8) | (7.6) · (7.4) | (58.2) · (58.1) |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | — | — | (0) | (0) | 0 |
| Capex | — | — | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q3 FY22 | Q4 FY22 | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 |
|---|---|---|---|---|---|---|---|---|
| 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 (₹) | (0.01) | (0.16) | (0.02) | 0.11 | (1.88) | (0.23) | 0.08 | 0.69 |
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. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 33,999 | 38.5 | 10.39 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,509 | 19.5 | 4.10 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,234 | — | 2.54 | 37.9 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 969 | — | 0.74 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| PRIME SECURITIES LIMITED | 968 | 172.9 | 3.78 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 881 | 26.7 | 5.18 | 16.9 | 22.5 | 30.3 | — | 97.5 |
| REGENCY FINCORP LIMITED | 571 | 52.3 | 3.56 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT ◆ | 529 | — | 1687.57 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 1687.6 | 1.0 | 105 of 105 | 0% |
| ROCE | 18.2 | 1.8 | 9 of 83 | 90% |
| ROE | 18.2 | 1.3 | 9 of 111 | 93% |
| Debt / Equity | 0.0 | 0.0 | 1 of 77 | 55% |
| EBITDA margin | 56.7 | 25.6 | 30 of 91 | 68% |
| Revenue growth | (21.8) | (4.1) | 53 of 85 | 38% |
| Profit growth | 522.0 | (0.2) | 7 of 109 | 94% |
| Market cap | 529 | 26 | 8 of 113 | 94% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 22 Oct 2026 · BSE nod for preferential issue of 16.38 lakh shares and warrants | fund raising | medium | — | — |
| 7 Oct 2026 · RTA confirms Q2 demat processing under SEBI regulation 74(5) | compliance | minimal | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 17 Sept 2026 · BSE grants trading approval for 1.5 lakh shares from warrant conversion | capital market events | low | — | — |
| 3 Sept 2026 · BSE in-principle approval for 1.5L shares via warrant conversion to promoter | capital market events | medium | — | — |
| 3 Sept 2026 · BSE approves listing of 1.5 lakh shares from promoter warrant conversion | capital market events | low | — | — |
| 27 Aug 2026 · Record date fixed for dividend entitlement | corporate actions | high | — | — |
| 27 Aug 2026 · Newspaper ad confirming dispatch of AGM Notice | compliance | minimal | — | — |
| 26 Aug 2026 · AGM notice on September 23, 2026; profit jumps to Rs 2,130.71 lacs | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Stellant Securities FY26 Annual Report: Revenue jumps to Rs 5,050 lacs | results | high | — | — |
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.