BSE: 543623
VEDANT ASSET LIMITED
Distributes mutual funds and other financial products, with a stated focus on rural and first-time investors. The company is launching a mobile application that will offer a digital platform for exploring and investing in mutual funds, along with educational content for first-time investors. In FY26, total revenue from operations was Rs. 4.7481 crore, with no material or direct input costs — the cost structure is dominated by employee expenses (31% of revenue) and other operating expenses (60.6% of revenue), consistent with a services-led distribution model. The company is listed on the BSE SME platform and is based in Ranchi, Jharkhand, with a small balance sheet of Rs. 6.3971 crore in total assets in FY26. Operational scale figures such as assets under management, distributor network size, or active investor count are not disclosed in the filings provided. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Distribution of mutual funds and other financial products. Small, services-led financial products distributor dependent on personnel and operating overhead
Exhibit 1: Financial summary, FY23–FY24 (all audited; no estimate years)
| ₹ crore · consolidated | FY23 | FY24 |
|---|---|---|
| Revenue | 3 | 3 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 1.12 | 1.00 |
| ROE % · ROCE % | — · 7.7 | — · 5.9 |
| Debt / equity (x) | — | — |
| Cash from operations | 0 | (0) |
| Capex | — | — |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 |
|---|---|---|---|---|
| Revenue | 2 | 1 | 2 | 1 |
| Profit before tax | 0 | 0 | 0 | 0 |
| Net profit | — | — | — | — |
| EPS (₹) | 1.15 | 0.44 | 0.55 | 0.64 |
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. % |
|---|---|---|---|---|---|---|---|---|
| ANAND RATHI WEALTH LTD | 37,708 | 49.0 | 37.27 | 64.0 | 39.3 | 48.6 | — | 68.0 |
| PRUDENT CORP ADV SER LTD | 12,207 | 49.8 | 13.83 | — | 25.2 | — | — | 31.6 |
| DHARNI CAPITAL SERVICES LIMITE | 113 | 16.9 | 4.36 | 18.8 | 18.1 | 22.6 | — | 63.0 |
| SODHANI CAPITAL LIMITED | 52 | 19.2 | — | — | — | 17.7 | — | — |
| VEDANT ASSET LIMITED ◆ | 17 | 22.2 | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 22.2 | 19.6 | 32 of 58 | 46% |
| Market cap | 17 | 940 | 67 of 69 | 3% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · Vedant Asset launches CHHOTI SIP app for rural mutual fund investing | business updates | medium | — | — |
| 21 Oct 2026 · BSE seeks clarification from Vedant Asset on sharp price movement | regulatory legal | low | — | — |
| 14 Oct 2026 · No deviation in IPO fund usage for H1 FY26 | compliance | minimal | — | — |
| 12 Oct 2026 · SEBI Reg 74(5) compliance certificate filed for Q2 FY26 | compliance | minimal | — | — |
| 29 Sept 2026 · AGM voting results: both resolutions passed with 100 percent approval | compliance | minimal | — | — |
| 26 Sept 2026 · Trading Window Closure from Oct 1, 2026 for half-yearly results | compliance | minimal | — | — |
| 26 Sept 2026 · Vedant Asset 11th AGM on Sept 26, 2026 - MD reappointment on agenda | board shareholder meetings | low | — | — |
| 18 Sept 2026 · Independent Director Gautam Jain resigns citing pre-occupation | management changes | medium | — | — |
| 5 Sept 2026 · Notice of 11th Annual General Meeting published in newspapers | compliance | minimal | — | — |
| 5 Sept 2026 · Book Closure for AGM from Sep 22 to Sep 26, 2026 | 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.