BSE: 512060
VENTURA GUARANTY LTD.
Operates as a holding company for financial services, primarily stock broking and commodities broking through subsidiary Ventura Securities Limited, alongside an NBFC lending business. The broking subsidiary absorbed a step-down BPO and IT services subsidiary (Ventura Allied Services Private Limited) via an NCLT-sanctioned amalgamation effective April 1, 2024, with no consideration paid. Employee costs are the largest expense at 31.1% of revenue, reflecting the staff-intensive nature of broking. In FY26, the broking segment's profit after tax fell year-on-year while the NBFC segment's profit improved. Operating cash flow was negative at Rs. 14,258 lakhs. The Board has proposed a final dividend of Rs. 4.50 per share (45% on face value of Rs. 10). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Stock broking and commodities broking, NBFC lending. Financial services holding company with broking and NBFC operations
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 213 | 204 | 256 | 272 | 247 |
| EBITDA (ex other income) | 90 | 72 | 93 | 78 | 61 |
| margin % | 42.2 | 35.5 | 36.2 | 28.8 | 24.7 |
| Owners' profit | 45 | 33 | 57 | 38 | 27 |
| EPS, as reported (₹) | 139.71 | 103.20 | 178.79 | 117.71 | 69.14 |
| ROE % · ROCE % | 22.5 · — | 14.5 · — | 20.7 · — | 12.1 · — | 7.1 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 426 | (509) | 40 | (155) | (127) |
| Capex | (2) | (2) | (3) | (2) | (3) |
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 | 75 | 78 | 64 | 55 | 59 | 59 | 63 | 63 |
| Profit before tax | 26 | 22 | 9 | 1 | 8 | 6 | 9 | 14 |
| Net profit | 19 | 16 | 7 | 0 | 6 | 5 | 7 | 11 |
| EPS (₹) | 53.40 | 45.19 | 18.15 | 0.97 | 16.41 | 12.60 | 15.94 | 25.04 |
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. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 17,213 | 28.2 | 11.57 | 16.5 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,821 | 101.2 | 29.48 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,059 | 16.9 | 2.36 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,677 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,439 | 195.1 | 10.25 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,838 | 19.1 | 4.14 | 14.5 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,250 | 34.0 | 2.48 | 25.3 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,731 | — | 7.25 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROE | 7.1 | 2.9 | 37 of 113 | 68% |
| EBITDA margin | 30.9 | 25.4 | 40 of 92 | 57% |
| Revenue growth | 13.8 | 16.2 | 49 of 91 | 47% |
| Profit growth | 3007.1 | 5.2 | 2 of 110 | 99% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Routine quarterly compliance certificate filed with BSE | compliance | minimal | — | — |
| 1 Oct 2026 · 42nd AGM results: all 4 resolutions passed, 45% final dividend declared | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 42nd AGM held; final dividend of Rs 45 per share declared | board shareholder meetings | low | — | — |
| 22 Sept 2026 · Trading window closure ahead of Q2 and half year results | compliance | minimal | — | — |
| 8 Sept 2026 · Ventura Guaranty 42nd AGM notice published, final dividend Rs 4.5 per share | compliance | minimal | — | — |
| 8 Sept 2026 · TDS communication on Final Dividend of Rs 4.50 per share | corporate actions | high | — | — |
| 8 Sept 2026 · Annual Report and 42nd AGM Notice Sent to Shareholders | compliance | minimal | — | — |
| 7 Sept 2026 · Ventura Guaranty 42nd AGM on Sep 30, 2026; Rs 4.5 final dividend proposed | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Ventura Guaranty FY26 Annual Report: Standalone PAT jumps 320%, Consolidated PAT falls 32% | results | high | — | — |
| 4 Sept 2026 · Ventura Guaranty subsidiary VSL appoints Hemant Gurav as CFO | management changes | 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.