Runs a stockbroking-led capital markets business that earned Rs 109.66 crore in FY26 against a total asset base of Rs 502.94 crore. Broking and related activities — facilitating equity and securities transactions on the exchanges — accounted for 93.3% of segment revenue at Rs 102.88 crore, with segment EBIT of Rs 16.64 crore. Merchant banking contributed Rs 5.85 crore (5.3%) from mandates such as IPO advisory and underwriting, generating Rs 3.18 crore in segment EBIT. The 'Others' segment (Rs 1.51 crore, 1.4% share) covers newer lines including a wealth management vertical and a Category II AIF; this segment ran at a loss. Registered with SEBI as a stock broker, merchant banker, investment adviser, research analyst and portfolio manager, and listed on BSE. Employee cost is the largest expense at 28.6% of revenue, followed by other operating expenses at 13.2%; capex is light at 1.1% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Broking and Related Activities (93%), Merchant Banking Activities (5%), Others (1%). Fee-based, asset-light capital markets intermediary
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 83 | 88 | 114 | 141 | 110 |
| EBITDA (ex other income) | 17 | 12 | 23 | 35 | 28 |
| margin % | 20.1 | 13.3 | 20.3 | 25.2 | 25.4 |
| Owners' profit | 10 | 6 | 12 | 20 | 13 |
| EPS, as reported (₹) | 34.02 | 20.77 | 41.51 | 13.31 | 6.65 |
| ROE % · ROCE % | 19.8 · — | 10.8 · — | 15.4 · — | 17.7 · — | 9.6 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 1 | (20) | (22) | (20) | (14) |
| Capex | (1) | (1) | (1) | (1) | (1) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39 | 40 | 34 | 27 | 26 | 28 | 28 | 27 |
| Profit before tax | 9 | 10 | 8 | (0) | 5 | 5 | 5 | 4 |
| Net profit | 6 | 7 | 6 | 0 | 3 | 3 | 4 | 3 |
| EPS (₹) | 21.20 | 4.89 | 4.13 | 0.18 | 1.82 | 1.64 | 1.84 | 1.44 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Broking and Related Activities | 103 | 93.3 |
| Merchant Banking Activities | 6 | 5.3 |
| Others | 1 | 0.6 |
| Other | 1 | 0.8 |
| Total, before eliminations | 110 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BILLIONBRAINS GARAGE VN L | 1,24,828 | 50.3 | 12.93 | 42.5 | 21.6 | 28.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 27 Jul 2026 · Swastika Investmart EGM on 14 Aug 2026 via video conferencing | compliance | minimal | — | — |
| 23 Jul 2026 · EGM on Aug 14 for 90.5 lakh warrants preferential issue at Rs 63.64 | board shareholder meetings | low | — | — |
| 22 Jul 2026 · Swastika Investmart 1st EGM of FY26-27 on 14 Aug via video conferencing | compliance | minimal | — | — |
| 22 Jul 2026 · Newspaper ad of Q1 unaudited results submitted to BSE | compliance | minimal | — | — |
| 20 Jul 2026 · Board approves preferential issue of convertible warrants worth Rs 57.59 cr | fund raising | high | — | — |
| 20 Jul 2026 · Board approves preferential issue of convertible warrants worth Rs 57.59 cr | fund raising | high | — | — |
| 20 Jul 2026 · Q1 FY27 results: revenue up 12%, PAT up 20%; board approves Rs 57.59 crore warrant issue | results | high | — | — |
| 20 Jul 2026 · Board approves Q1 results, Rs 57.59 cr warrant preferential issue | results | high | — | — |
| 17 Jul 2026 · Share India AlgoPlus exits Swastika Investmart, sells 13.06% stake | ownership changes | high | — | — |
| 17 Jul 2026 · Non-promoter Yogita Gandhi acquires 7.46% stake in Swastika Investmart | ownership changes | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| — |
| 67.8 |
| MOTILAL OSWAL FIN LTD | 61,810 | 31.2 | 4.77 | 14.5 | 14.5 | — | 20.9 | 57.7 |
| 360 ONE WAM LIMITED | 44,371 | 35.0 | 4.51 | 15.5 | 12.4 | — | 22.0 | 66.8 |
| NUVAMA WEALTH MANAGE LTD | 31,853 | 15.0 | 7.73 | 12.7 | 25.2 | — | — | 53.0 |
| ANGEL ONE LIMITED | 27,862 | 5.2 | 4.53 | 15.1 | 14.9 | — | 32.4 | 34.2 |
| IIFL CAPITAL SERVICES LTD | 10,617 | 18.4 | 3.46 | 9.9 | 18.4 | — | 25.1 | 50.0 |
| SHARE IND. SECURITIES LTD | 4,335 | 11.9 | 1.63 | 6.5 | 12.2 | — | 26.8 | 45.5 |
| ANAND RATHI SH N STK BR L | 3,101 | 19.5 | 2.30 | 10.1 | 9.6 | 11.5 | — | 31.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.1 | 15.4 | 26 of 37 | 31% |
| P/B | 2.3 | 1.8 | 25 of 40 | 39% |
| ROE | 9.6 | 9.6 | 20 of 40 | 51% |
| Debt / Equity | 0.0 | 0.0 | 1 of 40 | 36% |
| EBITDA margin | 26.8 | 31.2 | 24 of 39 | 40% |
| Revenue growth | (0.6) | 22.4 | 27 of 35 | 24% |
| Profit growth | 962.2 | 13.4 | 1 of 38 | 100% |
| Market cap | 314 | 507 | 25 of 42 | 42% |
| 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.
