Finance - Stock Broking · Founded 1994 · www.fruitionventure.com · BSE 538568 · · ISIN INE836C01015
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Business
Fruition Venture Ltd. is an Indian financial services company operating in the stockbroking sector. Its core business model revolves around facilitating the buying and selling of financial instruments for its clients on various exchanges. This typically includes equity shares, derivatives (futures and options), commodities, and potentially mutual funds. The company generates revenue primarily through brokerage fees (commissions) charged on trades executed by clients, transaction charges, and potentially advisory fees for wealth management or research services.
Revenue Mix
Without specific company data, typical revenue segments for a stockbroking firm like Fruition Venture Ltd. would include:
Equity Broking: Commissions from cash market trades.
Derivatives Broking: Commissions from futures and options trading.
Commodity Broking: Trading in commodity futures.
Distribution/Advisory Services: Fees from selling mutual funds, IPOs, bonds, or providing investment advice.
Specific revenue contribution from each segment for Fruition Venture Ltd. is not publicly available in the provided information.
Industry
The Indian stockbroking industry is highly competitive, fragmented, and undergoing significant transformation. It features a mix of traditional full-service brokers, technology-driven discount brokers, and bank-backed broking houses. Key trends include increasing retail participation, digitalization of services, and intense price competition. Without specific data on Fruition Venture Ltd.'s market share or scale, its exact positioning is unclear. It could be operating as a full-service broker targeting specific client segments (e.g., high-net-worth individuals, active traders) or a niche player focusing on particular asset classes or geographical regions.
MOAT
For Fruition Venture Ltd., specific durable competitive advantages (moats) are not evident from the provided information. Potential moats in the stockbroking industry, which may or may not apply, include:
Client Relationships/Brand: A strong, trusted brand built over time, leading to client loyalty (less likely for smaller/newer players).
Niche Specialization: Expertise in a particular segment (e.g., algorithmic trading, specific derivatives).
Cost Advantage: Operating with a very lean cost structure to offer ultra-low brokerage (typical for discount brokers).
Technology/Platform: A superior, user-friendly, and stable trading platform.
Without further information, it's difficult to ascertain if Fruition Venture Ltd. possesses a significant, defensible moat.
Growth Drivers
Key factors that can drive growth for Fruition Venture Ltd. over the next 3-5 years include:
Increasing Financialization: A growing trend of household savings shifting from traditional assets (e.g., gold, real estate) to financial assets in India.
Rising Retail Participation: Continued growth in the number of retail investors entering the stock market, driven by financial literacy and easier access.
Technological Adoption: Enhancements in online trading platforms, mobile apps, and artificial intelligence-driven advisory tools making investing more accessible and efficient.
Demographic Dividend: A large, young, and increasingly affluent population with rising disposable incomes seeking investment avenues.
Economic Growth: A growing Indian economy generally correlates with higher corporate earnings and investor confidence, leading to increased trading activity.
Risks
Fruition Venture Ltd. faces several inherent risks:
Market Volatility: A significant downturn or prolonged period of low market activity can drastically reduce trading volumes and brokerage revenues.
Regulatory Changes: The Indian securities market is highly regulated by SEBI. Any adverse changes in brokerage norms, margin requirements, or compliance costs could impact profitability.
Intense Competition: The presence of numerous large and well-capitalized players, including rapidly growing discount brokers, exerts pressure on pricing and client acquisition.
Technological Disruption: Failure to keep pace with evolving trading technology and cybersecurity threats can lead to loss of market share or operational issues.
Cybersecurity Risks: As an online financial services provider, it faces the constant threat of cyberattacks, data breaches, and system outages, which can harm client trust and lead to financial losses.
Client Churn: Low switching costs for clients, especially with discount brokers, can lead to client attrition if services are not competitive.
Management & Ownership
Specific details regarding Fruition Venture Ltd.'s promoters, management team's track record, and detailed ownership structure are not provided. Typically, many Indian companies in this sector are promoter-driven, with significant ownership held by the founding families or individuals. The management quality would depend on their experience in the financial markets, strategic vision, and operational execution capabilities, which cannot be assessed without further information. Ownership structure would likely include promoters, institutional investors, and public shareholders.
Outlook
Fruition Venture Ltd. operates in a dynamic Indian stockbroking industry characterized by significant growth potential driven by increasing financialization and retail participation. The company stands to benefit from India's long-term economic growth trajectory and growing investor base. However, the outlook is balanced by intense competition, ongoing pricing pressures from discount brokers, and the ever-present risks of market volatility and stringent regulatory oversight. Success will likely depend on its ability to differentiate its services, leverage technology effectively, manage operational costs, and build strong, trusting relationships with its client base in a highly competitive landscape.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Other Income | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Total Expenditure | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Operating Profit | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | -0 | 0 | -0 | -0 | 0 | 0 | 0 | 0 | -0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Profit After Tax | -0 | -0 | 0 | -0 | -0 | 0 | 0 | 0 | -1 | -0 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | -0 | 0 | -0 | -0 | 0 | 0 | 0 | -1 | -0 |
| Adjusted Earnings Per Share | -0.6 | -0.4 | 0.3 | -0.1 | -0.2 | 0.3 | 0.1 | 0.5 | -3.4 | -0.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 6 | 11 | 1 | 16 | 5 | 2 | 0 | 1 | 4 | 0 | 4 | 5 |
| Other Income | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 6 | 11 | 1 | 18 | 5 | 2 | 0 | 1 | 4 | 0 | 4 | 5 |
| Total Expenditure | 5 | 10 | 1 | 16 | 6 | 3 | -0 | -0 | 5 | 1 | 3 | 4 |
| Operating Profit | 1 | 1 | 0 | 2 | -1 | -2 | 1 | 1 | -0 | -0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 1 | 0 | 2 | -1 | -2 | 1 | 1 | -0 | -0 | -0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | -1 | -0 | 0 | 0 | -0 | 0 | 0 | 1 |
| Profit After Tax | 0 | 1 | 0 | 2 | -0 | -1 | 0 | 1 | 0 | -0 | -0 | -1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 1 | 0 | 2 | -0 | -1 | 0 | 1 | 0 | -0 | -0 | -1 |
| Adjusted Earnings Per Share | 0.8 | 2.9 | 0.3 | 4.1 | -1 | -3.4 | 0.8 | 1.9 | 0.2 | -0.9 | -0.5 | -2.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 59% | 15% | -4% |
| Operating Profit CAGR | 0% | -100% | 0% | -100% |
| PAT CAGR | 0% | -100% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -13% | -20% | 22% | 5% |
| ROE Average | -4% | -3% | 2% | 4% |
| ROCE Average | -2% | -3% | 4% | 4% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 4 | 5 | 5 | 7 | 7 | 4 | 5 | 5 | 5 | 5 | 5 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Other Non-Current Liabilities | -0 | -0 | 0 | 0 | -0 | -1 | -0 | -0 | -0 | -0 | -0 |
| Total Current Liabilities | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Total Liabilities | 5 | 6 | 5 | 8 | 6 | 4 | 4 | 5 | 5 | 7 | 6 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 4 |
| Other Non-Current Assets | 1 | 3 | 3 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Total Current Assets | 4 | 2 | 2 | 6 | 4 | 2 | 3 | 4 | 4 | 2 | 1 |
| Total Assets | 5 | 6 | 5 | 8 | 6 | 4 | 4 | 5 | 5 | 7 | 6 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 1 |
| Cash Flow from Operating Activities | -1 | 2 | -1 | -4 | 0 | -0 | -0 | 1 | 2 | -1 | 0 |
| Cash Flow from Investing Activities | 1 | -2 | 1 | 4 | 0 | -0 | 1 | 0 | 0 | -3 | -1 |
| Cash Flow from Financing Activities | 0 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 2 | -0 |
| Net Cash Inflow / Outflow | -0 | 0 | -0 | 0 | 0 | -0 | 0 | 1 | 2 | -2 | -1 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 1 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.76 | 2.93 | 0.25 | 4.06 | -1.01 | -3.37 | 0.84 | 1.94 | 0.21 | -0.9 | -0.55 |
| CEPS(Rs) | 0.79 | 2.96 | 0.28 | 4.08 | -0.99 | -3.34 | 0.87 | 1.96 | 0.23 | -0.85 | 0.19 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 10.42 | 13.35 | 13.61 | 18.21 | 16.21 | 12.84 | 13.69 | 15.63 | 15.84 | 14.94 | 14.39 |
| Core EBITDA Margin(%) | 10.07 | 10.66 | -22.79 | -2.05 | -31.67 | -88.69 | 277.1 | 115.68 | -5.08 | -218.59 | 3.72 |
| EBIT Margin(%) | 10.71 | 10.83 | 17.27 | 11.12 | -29.27 | -89.06 | 339.07 | 126.64 | -3.4 | -142.85 | -4.1 |
| Pre Tax Margin(%) | 10.67 | 10.75 | 17.27 | 11.11 | -29.27 | -89.07 | 338.8 | 126.11 | -3.48 | -142.97 | -4.12 |
| PAT Margin (%) | 5.14 | 10.38 | 11.75 | 10.26 | -8.9 | -73.19 | 210.05 | 97.29 | 1.91 | -222.82 | -6.04 |
| Cash Profit Margin (%) | 5.35 | 10.48 | 12.8 | 10.32 | -8.68 | -72.65 | 215.81 | 98.31 | 2.08 | -212.56 | 2.07 |
| ROA(%) | 5.25 | 22.28 | 1.83 | 24.58 | -5.72 | -26.1 | 8.1 | 15.75 | 1.59 | -6.11 | -3.44 |
| ROE(%) | 7.52 | 24.68 | 1.88 | 25.5 | -5.88 | -23.19 | 6.37 | 13.25 | 1.32 | -5.82 | -3.74 |
| ROCE(%) | 15.02 | 24.84 | 2.76 | 27.62 | -19.33 | -28.22 | 10.28 | 17.24 | -2.35 | -3.26 | -2 |
| Receivable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 488.48 | 28.69 |
| Inventory Days | 176.41 | 96.15 | 800.79 | 84.74 | 337.21 | 427.31 | 3577.55 | 1019.27 | 117.31 | 943.6 | 59.36 |
| Payable days | 140.48 | 10.43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.57 |
| PER(x) | 18.72 | 6.14 | 62.15 | 2.89 | 0 | 0 | 17.47 | 4.68 | 152.64 | 0 | 0 |
| Price/Book(x) | 1.36 | 1.35 | 1.16 | 0.64 | 0 | 0.79 | 1.08 | 0.58 | 2 | 4.08 | 2.94 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.02 | 0.62 | 7.12 | 0.29 | 0.83 | 2.16 | 35.62 | 2.7 | 2.1 | 155.02 | 5.03 |
| EV/Core EBITDA(x) | 9.32 | 5.69 | 38.87 | 2.56 | -2.86 | -2.43 | 10.33 | 2.11 | -64.96 | -116.92 | 125.35 |
| Net Sales Growth(%) | -72.57 | 92.39 | -92.37 | 1732.35 | -71.25 | -59.5 | -91.27 | 396.43 | 444.81 | -96.3 | 2156.34 |
| EBIT Growth(%) | 2583.65 | 94.49 | -87.83 | 1079.53 | -175.7 | -23.22 | 133.25 | 85.42 | -114.63 | -55.31 | 35.22 |
| PAT Growth(%) | 1627.31 | 288.23 | -91.36 | 1501.21 | -124.94 | -232.92 | 125.06 | 129.94 | -89.29 | -530.65 | 38.82 |
| EPS Growth(%) | 0 | 288.22 | -91.36 | 1501.32 | -124.94 | -232.92 | 125.06 | 129.94 | -89.29 | -530.67 | 38.83 |
| Debt/Equity(x) | 0.08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.24 |
| Current Ratio(x) | 4.63 | 9.63 | 64.75 | 44.07 | 181.14 | 108 | 454.45 | 42.18 | 139.5 | 3.47 | 1.03 |
| Quick Ratio(x) | 0.09 | 2.28 | 13.34 | 1.48 | 44.81 | 48.84 | 184.27 | 15.72 | 131.56 | 2.57 | 0.52 |
| Interest Cover(x) | 272.67 | 130.1 | 0 | 3428.39 | 0 | 0 | 1279.93 | 235.12 | -41.08 | -1148.5 | -297.6 |
| Total Debt/Mcap(x) | 0.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.07 | 0.08 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 50.85 | 50.85 | 50.85 | 50.85 | 50.85 | 50.85 | 50.85 | 50.85 | 50.85 | 50.85 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 49.15 | 49.15 | 49.15 | 49.15 | 49.15 | 49.15 | 49.15 | 49.15 | 49.15 | 49.15 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | — | +59% | +15% | -4% |
| Operating Profit CAGR | — | -100% | — | -100% |
| PAT CAGR | — | -100% | — | — |
| Share Price CAGR | -13% | -20% | +22% | +5% |
| ROE Average | -4% | -3% | +2% | +4% |
| ROCE Average | -2% | -3% | +4% | +4% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 50.85 | 50.85 | 50.85 | 50.85 | 50.85 | 50.85 | 50.85 | 50.85 | 50.85 | 50.85 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 49.15 | 49.15 | 49.15 | 49.15 | 49.15 | 49.15 | 49.15 | 49.15 | 49.15 | 49.15 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
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