Asit C Mehta FinServ

₹175 2.7 | 1.6%

WEBSITE BSE:530723 NSE : ASIT C FIN 18 May, 12:50

Market Cap ₹144 Cr.

Stock P/E -7.9

P/B 4.7

Current Price ₹175

Book Value ₹ 37.2

Face Value 10

52W High ₹215.8

Dividend Yield 0%

52W Low ₹ 98.8

Edit Ratio

Asit C Mehta FinServ Research see more...

Overview Inc. Year: 1984Industry: IT - Software

Asit C. Mehta Financial Services Limited is a Mumbai-based company that provides a wide range of financial services. The company offers advisory and consultancy services on fund mobilization, company restructuring, and property rentals. It operates through four segments: Advisory and Consultancy, Investment Activities, Information Technology, and Stock Broking and Allied Services. The company’s services include retail services, institutional services, investment banking, digital marketing services, and ITeS services.The company was promoted by Mr. Asit C. Mehta and Mrs. Deena A. Mehta and has recently seen a significant stake acquisition by the founders of Pantomath Group, indicating a change in its promoter structure. As of the latest available data, the promoters held a share of 74.99%.Asit C. Mehta Financial Services Limited caters to a diverse clientele, providing investment advisory and execution, financial planning, NRI solutions, high net-worth individual solutions, and trade execution platforms.

Asit C Mehta FinServ Share Price

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Peer Comparison

Asit C Mehta FinServ Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	9	7	9	6	7	7	9	7	11	10
Other Income	1	3	2	1	1	2	1	1	1	1
Total Income	10	10	11	7	8	9	10	8	12	11
Total Expenditure	8	7	8	7	8	8	9	9	11	11
Operating Profit	2	3	4	0	-0	1	1	-1	1	-0
Interest	2	2	2	2	2	3	3	3	3	4
Depreciation	0	0	0	1	1	1	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-0	0	1	-3	-4	-3	-2	-4	-2	-4
Provision for Tax	0	-0	1	0	-0	0	-1	-0	0	0
Profit After Tax	-0	0	0	-3	-4	-3	-1	-4	-2	-4
Adjustments	-1	-1	2	0	0	0	0	0	0	0
Profit After Adjustments	-1	-0	2	-3	-3	-3	-1	-4	-2	-4
Adjusted Earnings Per Share	-1.5	-0.6	4.3	-4.9	-6	-4.4	-2.4	-7.2	-4	-8.6

Asit C Mehta FinServ Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	3	5	14	28	36	45	43	28	29	35	29	37
Other Income	0	0	1	3	3	2	3	3	10	7	5	4
Total Income	4	5	14	31	39	47	46	31	39	42	34	41
Total Expenditure	2	4	11	29	32	39	33	30	27	30	32	40
Operating Profit	1	1	3	2	7	9	13	1	12	11	1	1
Interest	2	3	4	7	8	7	7	8	7	8	10	13
Depreciation	0	0	1	2	2	2	2	2	2	2	2	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-1	-2	-2	-7	-3	-1	3	-10	3	2	-10	-12
Provision for Tax	-0	-0	-0	-0	1	0	1	-1	1	1	-1	-1
Profit After Tax	-1	-2	-2	-7	-4	-1	3	-9	2	1	-9	-11
Adjustments	-2	0	-0	2	1	-1	-1	3	-2	0	0	0
Profit After Adjustments	-3	-2	-2	-4	-2	-1	2	-6	-0	1	-9	-11
Adjusted Earnings Per Share	-5.3	-3.9	-4.1	-7.7	-4.1	-2.4	2.9	-10.4	-0.1	1.9	-15.5	-22.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-17%	1%	-8%	25%
Operating Profit CAGR	-91%	0%	-36%	0%
PAT CAGR	-1000%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	29%	32%	65%	27%
ROE Average	-768%	-251%	-155%	-87%
ROCE Average	-0%	6%	5%	5%

Asit C Mehta FinServ Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	39	36	33	28	26	31	33	25	25	6	-3
Minority's Interest	0	0	14	12	2	3	4	1	4	4	2
Borrowings	15	15	23	31	34	38	35	31	35	54	58
Other Non-Current Liabilities	1	3	6	3	-1	1	2	-0	-0	1	-0
Total Current Liabilities	3	17	53	60	87	103	123	114	95	106	101
Total Liabilities	58	72	129	134	148	177	197	172	159	170	158
Fixed Assets	46	58	72	73	8	7	7	7	63	10	10
Other Non-Current Assets	11	11	18	17	69	80	79	73	14	71	74
Total Current Assets	1	3	39	44	71	90	111	91	83	90	75
Total Assets	58	72	129	134	148	177	197	172	159	170	158

Asit C Mehta FinServ Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	1	0	2	4	4	16	2	14	10	12
Cash Flow from Operating Activities	-1	9	-2	-5	16	14	-9	22	-4	-3	-6
Cash Flow from Investing Activities	0	-13	-16	-2	-7	-1	-14	10	19	-23	4
Cash Flow from Financing Activities	1	4	21	9	-10	-2	9	-20	-19	28	1
Net Cash Inflow / Outflow	0	0	2	2	-0	12	-13	12	-4	2	-1
Closing Cash & Cash Equivalent	1	1	2	4	4	16	2	14	10	12	11

Asit C Mehta FinServ Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-5.34	-3.9	-4.14	-7.69	-4.13	-2.38	2.86	-10.35	-0.08	1.92	-15.48
CEPS(Rs)	-1.85	-3.39	-1.87	-8.62	-2.39	2.79	9.14	-11.32	7.67	4.33	-13.46
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	5.25	1.36	-2.63	-10.31	46.26	56	59.08	44.29	43.99	10.39	-5.96
Core EBITDA Margin(%)	31.81	13.32	15.92	-3.8	11.55	13.49	24	-7.1	7.82	12.12	-11.07
EBIT Margin(%)	25.54	8.72	12.9	1.15	13.63	13.94	24.83	-4.32	33.88	27.55	-0.57
Pre Tax Margin(%)	-42.71	-51.27	-17.14	-23.47	-7.64	-1.3	7.65	-34.63	10.46	4.6	-35.39
PAT Margin (%)	-40.71	-49.75	-16.2	-23.05	-9.75	-1.57	6.46	-31.15	7.65	2.22	-31.88
Cash Profit Margin (%)	-31.08	-43.26	-7.9	-17.5	-3.69	3.5	11.95	-22.76	14.63	7.07	-26.55
ROA(%)	-2.34	-3.46	-2.2	-4.98	-2.52	-0.43	1.49	-4.73	1.36	0.47	-5.68
ROE(%)	-30.62	-117.93	0	0	-35.41	-2.45	8.59	-29.97	9.09	5.02	-767.76
ROCE(%)	4.2	1.89	5.44	0.66	6.48	6.1	9.17	-1.05	10.01	9.11	-0.15
Receivable days	36.2	53.07	42.64	24.98	24.67	20.68	52.01	82.71	49.65	59.35	73.62
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	0	0	0	10.89	0	0	23	0
Price/Book(x)	6.07	11.79	-13.9	-2.05	0.43	0.8	0.53	1.03	1.43	4.25	-15.21
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	9.93	6.43	3.17	1.7	1.44	1.27	1.6	2.16	2.66	3.05	4.52
EV/Core EBITDA(x)	28.22	42.32	14.96	25.29	7.33	6.7	5.27	53.02	6.52	9.41	94.88
Net Sales Growth(%)	7.35	31.5	202.1	108.19	28.36	22.79	-3.87	-35	5.49	17.09	-15.43
EBIT Growth(%)	776.28	-55.12	347.09	-81.52	1427.58	25.59	71.23	-111.3	927.58	-4.76	-101.74
PAT Growth(%)	25.88	-60.68	1.63	-196.33	45.71	80.18	494.85	-413.25	125.91	-65.97	-1312.57
EPS Growth(%)	39.16	26.99	-6.26	-85.6	46.32	42.38	220.37	-461.83	99.25	2556.95	-906.54
Debt/Equity(x)	5.54	26.87	-29.32	-10.37	2.75	2.39	2.79	3.15	2.89	18.2	-33.86
Current Ratio(x)	0.57	0.15	0.73	0.73	0.82	0.87	0.9	0.8	0.87	0.85	0.74
Quick Ratio(x)	0.57	0.15	0.73	0.73	0.82	0.87	0.9	0.8	0.87	0.85	0.74
Interest Cover(x)	0.37	0.15	0.43	0.05	0.64	0.91	1.45	-0.14	1.45	1.2	-0.02
Total Debt/Mcap(x)	0.91	2.28	2.11	5.05	6.28	2.91	5.17	2.99	1.97	4.19	2.23

Asit C Mehta FinServ Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.59	74.59	74.59	74.59	77.53	77.53	77.53	77.53	74.99	74.98
FII	0	0	0	0	0	0	0	0	0	0
DII	0.5	0.5	0.5	0	0	0	0	0	0	0
Public	24.92	24.92	24.92	25.41	22.47	22.47	22.47	22.47	25.01	25.02
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.37	0.37	0.37	0.37	0.38	0.38	0.38	0.38	0.37	0.62
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.12	0.12	0.12	0.13	0.11	0.11	0.11	0.11	0.12	0.21
Others	0	0	0	0	0	0	0	0	0	0
Total	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.82

Pros

Company is almost debt free.

Cons

Company has a low return on equity of -251% over the last 3 years.
Stock is trading at 4.7 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.