Adcon Capital Services Ltd

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• Adcon Capital Services Ltd. is a listed non-banking financial company engaged in providing loans and advances, investment in shares of other companies, and more such financial services. It serves customers in India. The company was incorporated in 1994, with its headquarters in Indore, Madhya Pradesh. In the June 2022 quarter, Adcon Capital Services Ltd.’s standalone net sales were Rs 0.14 crore, up 114.26% from Rs 0.06 crore in the June 2021 quarter. On 30 August 2022, its market capitalisation stood at Rs 5 crore.  

  The company is listed on the Bombay Stock Exchange with the code 539506. It is not listed on the National Stock Exchange.  

  Adcon Capital Services Ltd. recorded total revenue of Rs 0.69 crore during FY2021-2022. The company’s annual revenue growth was 142.14%, which outperformed its three-year CAGR of 41.19%. Its annual profit after tax was Rs 0.41 crore, up 251.43% from the previous financial year, 2020-2021. At the end of March 2022, the company’s total assets were worth Rs 4.12 crore, up 12.57% from the previous financial year ended in March 2021. The total liabilities of the company were worth Rs 0.07 crore. The company has had zero debt burden for the past five years.  

  On 30 June 2022, the company’s shareholding pattern indicated a 100% public stake. 70.19% of the shares belong to individual shareholders with a nominal share capital up to Rs 2 lakh, while 15.46% belong to individual shareholders with a nominal share capital of more than Rs 2 lakh.  

  The company’s board of directors include Mr Piyush Saraf as the chairman and managing director and Ms Suman Das, Mr Shankarlal Pansari, and Ms Rajeswari Bangal as other directors. The auditors of the company are Singhvi & Sacheti.  

  On 30 August 2022, Adcon Capital Services Ltd.’s share price closed at Rs 1.56 on BSE. The company’s 52-week high share price was Rs 2.22, and the 52-week low for Adcon Capital Services Ltd.’s share price was Rs 0.95. Over one year, the company has given its investors a return of 52.94%. Its price-to-earnings ratio on 30 August 2022 was 11.94.  

  Adcon Capital Services Ltd.’s peers include Bajaj Finserv Ltd., HDFC Asset Management Company Ltd., Aditya Birla Capital Ltd., and Nippon Life India Asset Management Ltd. 

  Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose