BSE: 539406
Swagatam Trading & Services Li
A BSE-listed entity classified under Trading & Distributors, this company reports nil revenue from operations in recent periods, with all reported income coming through 'other income/receipts' rather than core trading activity. For FY26, total income stood at Rs 1.32 crore, up roughly 21% year-on-year, while it swung to a Rs 0.11 crore profit after tax from a Rs 0.05 crore loss the year before. Its only reported segment, 'Consulting & Other,' accounted for 100% of segment revenue. As of FY26 end, the balance sheet showed Rs 9.61 crore in total assets and Rs 8.56 crore in equity, with no debt. Operating cash flow was sharply negative at Rs (387.96) lakh in H1 FY26, driven primarily by a large increase in loans and advances extended, including an advance of Rs 2.50 crore to Penganga Properties Pvt Ltd that the statutory auditor flagged as a Key Audit Matter with uncertain recoverability. The scale is tiny: employee cost was Rs 0.06 crore and other operating expenses Rs 0.15 crore for FY26, with no materials cost. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Consulting & Other (100%), Other income / receipts. Small, dormant BSE-listed trading shell with nil revenue from operations.
Exhibit 1: Financial summary, FY21–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY21 | FY22 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 1 | 1 |
| EBITDA (ex other income) | (0) | 0 | (0) | (0) | (0) |
| margin % | (69.6) | 1.8 | (20.6) | (29.9) | (15.1) |
| Owners' profit | (0) | 0 | 0 | (0) | 0 |
| EPS, as reported (₹) | (0.20) | 1.07 | 0.96 | (0.45) | 0.88 |
| ROE % · ROCE % | (0.6) · (0.6) | 2.9 · 4.0 | 2.5 · 3.4 | (1.2) · (1.5) | 1.2 · 1.6 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 1 | 1 | 0 | (0) | (3) |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 |
| Profit before tax | (0) | 0 | 0 | (0) | 0 | 0 | 0 | 0 |
| Net profit | (0) | — | 0 | (0) | 0 | 0 | 0 | 0 |
| EPS (₹) | (0.17) | 0.18 | 0.23 | (0.70) | 0.01 | 0.35 | 0.13 | 0.40 |
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. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 75.7 | 13.9 | 113 of 130 | 13% |
| P/B | 0.9 | 0.9 | 75 of 150 | 50% |
| ROCE | 1.6 | 2.1 | 93 of 177 | 48% |
| ROE | 1.2 | 2.3 | 89 of 158 | 44% |
| Debt / Equity | 0.0 | 0.1 | 1 of 154 | 73% |
| EBITDA margin | 6.3 | 4.5 | 59 of 137 | 57% |
| Revenue growth | 20.7 | (8.6) | 44 of 135 | 68% |
| Profit growth | 156.5 | 0.6 | 32 of 157 | 80% |
| Market cap | 8 | 21 | 140 of 179 | 22% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 6 Oct 2026 · RTA certifies dematerialization of physical shares for Q2 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · 41st AGM: All 3 resolutions passed with 99.99% majority | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 41st AGM held via video conferencing; three resolutions passed | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1 for Q2 FY26 results | compliance | minimal | — | — |
| 8 Sept 2026 · Web-link of Annual Report for FY 2025-26 shared with BSE | compliance | minimal | — | — |
| 8 Sept 2026 · Swagtam Trading 41st AGM set for September 30 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Swagatam Trading files Annual Report and AGM notice for FY 2025-26 | general | low | — | — |
| 8 Sept 2026 · Newspaper notice for AGM published in Financial Express and Jansatta | compliance | minimal | — | — |
| 7 Sept 2026 · Book Closure for 41st AGM from September 25 to 30, 2026 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Board approves 41st AGM Notice, sets 30 Sep 2026 meeting date | board shareholder meetings | low | — | — |
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.