Abhinav Capital Services Ltd is a company that operates in the Finance sector and has a market capitalization of Rs 23 crore as of May 12 2021. On December 8, 1984, it became a corporation. At the end of December 2020, it registered combined revenue of Rs 4066.01 crores. The Bombay Stock Exchange has assigned the company the scrip code 532057. However, currently, it is not listed on the National Stock Exchange. As of May 12 2021, Abhinav Capital Services Ltd is trading at Rs. 32.08.
The company's clientele is extremely small. Professionals oversee the business. For the disbursement of loans, the company often adheres to the board's strict guidelines. Management believes that the company's nonperforming assets (NPA) will remain below the prescribed limits. The company anticipates a rebound in the fiscal years 2020-2021. Management has since decided to explore emerging financial markets.
For the fiscal year ended March 31, 2020, the corporation recorded Rs' gross revenue and net profit. 4,34,43,789/- and Rs. 1,03,36,582/-, respectively, compared to Rs. 3,96,91,911/- and Rs. 2,61,35,097/- the previous year. Despite the non–conducive economic environment, the company has produced significant interest income. A detailed overview is provided in the management discussion, and appraisal report attached hereto. The pandemic of COVID-19 has caused a further downturn in economic activity across the world, which was still moving slowly. The company has specifically followed social distancing norms and lockout notices in compliance with guidelines provided by the federal, state, and local governments. To mitigate risk and improve customer centricity, the company concentrated on improving its infrastructure. In the financial year 2019-20, the NBFC market appeared to have liquidity issues.
In December 2020, net sales were Rs 0.74 crore, down 36.87% from Rs 1.16 crore in December 2019. In December 2020, quarterly net profit was Rs. 0.29 crore, up 410.99% from Rs. 0.09 crore in December 2019. In December 2020, EBITDA was Rs. 0.42 crore, down 16% from Rs. 0.50 crore in December 2019. Abhinav Capital's earnings per share (EPS) rose from Rs. 0.13 in December 2019 to Rs. 0.42 in December 2020. Abhinav Capital's stock closed at 33.50 on February 8, 2021 (BSE) and has returned -35.51% in the last six months.