Econo Trade India Ltd (538708)
🎯 Key Takeaways
- Econo Trade India Ltd appears to be a financially distressed entity operating in the financial services space, with negligible profitability metrics (ROE: 0.4%, ROCE: 0.
- Revenue grew 111.3% QoQ to ₹3 in Q3FY17.
- ⚠️ Persistent operational losses and zero profitability over multiple years indicate fundamental business model issues.
- Market Cap
- ₹12
- P/E Ratio
- 92.4
- P/B Ratio
- 0.33
- ROE
- 0.0%
- ROCE
- 0.3%
- Debt/Equity
- 0.00
- Promoter
- 26.2%
📖 The Story
Econo Trade India Ltd appears to be a financially distressed entity operating in the financial services space, with negligible profitability metrics (ROE: 0.4%, ROCE: 0.3%) and a high valuation multiple (P/E: 93.7) reflecting market skepticism rather than confidence. The company has not generated net income in recent quarters, and its operational performance has been inconsistent, marked by negative operating margins and losses in multiple periods. Despite a stable capital structure with no debt, the lack of earnings growth and persistent losses suggest the company is either in a prolonged turnaround phase or facing structural challenges in its core business model.
📰 What's Happening
The most recent filing from August 28, 2026, confirms the approval of the 43rd Annual General Meeting (AGM) scheduled for September 29, 2026, with e-voting enabled from September 26–28, and the reappointment of director Abbas Mustufa Rupawala. This indicates routine governance continuity rather than strategic transformation. There are no disclosed new business initiatives, capital raises, or operational expansions in recent filings. Management has not announced any restructuring, revival plan, or new revenue streams, and the company continues to operate with minimal financial activity reflected in quarterly results dating back to 2016.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 |
|---|---|---|---|---|
| Revenue | 2 | 1 | 1 | 3 |
| Operating Profit | -1 | 1 | 0 | 1 |
| OPM % | -70.8% | 85.0% | 9.4% | 22.9% |
| Net Profit | -1 | 0 | 0 | 0 |
| EPS | ₹-0.41 | ₹0.23 | ₹0.03 | ₹0.22 |
The quarterly financial data from 2016 reveals a company with erratic and unsustainable operations — revenue has remained near zero, operating margins have swung dramatically from +85% to -70%, and net losses have persisted without signs of recovery. Despite modest equity and reserve levels, there is no evidence of revenue growth or margin improvement over time. The absence of any disclosed reinvestment or operational scaling suggests the business has not meaningfully evolved in over a decade, raising concerns about its long-term viability and relevance in its sector.
🔮 Management Outlook & What's Next
Management has not provided forward-looking guidance, earnings forecasts, or strategic roadmaps in the latest filings. The only forward-looking statement pertains to the scheduling of the 43rd AGM and the reappointment of a director, both administrative in nature. There is no disclosed roadmap for profitability, margin improvement, or business transformation, and management commentary remains silent on future performance expectations or capital allocation priorities.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2015 | Mar 2016 | Mar 2016 | Mar 2017 |
|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 |
| Reserves | 18 | 18 | 18 | 18 |
| Borrowings | 0 | 0 | 0 | 0 |
| Total Liabilities | 37 | 37 | 37 | 37 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 37 | 37 | 37 | 37 |
The balance sheet shows a stable but stagnant financial position — equity and reserves have remained flat at ₹19 crore and ₹18 crore respectively from 2016 to 2017, with zero borrowings and total assets held constant at ₹37 crore. There is no evidence of capital expenditure, asset growth, or deleveraging activity, as the company has not invested in expansion or reduced liabilities. The lack of change suggests minimal operational activity or strategic reinvestment, indicating a dormant or idle asset base with no clear path to value creation.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2016 |
|---|---|
| Operating | +3 |
| Investing | -3 |
| Financing | 0 |
| Net Cash Flow | +0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 26.2% | 26.2% | 26.2% | 26.2% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 51.6% | 51.9% | 52.1% | 52.1% |
| # Shareholders | 6,675 | 6,630 | 6,639 | 6,583 |
Institutional ownership remains negligible, with FII holding at 0% and DII at 0.02% in Q1FY27, showing no accumulation trend. Promoter holding is stable at 26.19%, with no signs of disinvestment or pledge. The number of public shareholders has slightly declined from 6,675 to 6,583 over the past year, suggesting marginal retail interest. Overall, shareholding structure reflects low investor engagement and limited market confidence in the company’s prospects.
⚖️ Peer Comparison — Finance
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| BAJFINANCE | 6.06 L Cr | 29.8 | 10.4% | — | 3.82 |
| BAJAJFINSV | 2.79 L Cr | 27.4 | 11.4% | — | 5.50 |
| SHRIRAMFIN | 2.29 L Cr | 17.2 | 11.5% | — | 3.80 |
| ICICIAMC | 1.60 L Cr | 32.1 | 111.5% | — | 0.00 |
| JIOFIN | 1.44 L Cr | 67.7 | 2.3% | — | 0.17 |
| TATACAP | 1.41 L Cr | 25.7 | 8.4% | — | 5.28 |
| CHOLAFIN | 1.39 L Cr | 24.1 | 9.3% | — | 6.93 |
| BAJAJHLDNG | 1.19 L Cr | 13.4 | 12.4% | — | 0.00 |
| MUTHOOTFIN | 1.10 L Cr | 9.7 | 14.4% | — | 3.88 |
| PFC | 1.07 L Cr | 4.1 | 9.8% | — | 7.62 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Persistent operational losses and zero profitability over multiple years indicate fundamental business model issues. 2. Absence of revenue growth, reinvestment, or strategic updates raises concerns about management's ability to revive the business. 3. Extremely high valuation (P/E: 93.7) in the face of no earnings growth suggests market may be pricing in speculative or erroneous expectations. 4. Lack of institutional interest and stagnant shareholder base reflect limited confidence in future performance.
📋 Recent Filings
- 🟡 voting results2026-09-30Econo Trade India held its 43rd AGM on September 29, 2026 via video conferencing. All seven resolutions were approved by shareholders, including the a…
- 🟡 Board Meeting2026-09-29Econo Trade India held its 43rd AGM on September 29, 2026 via video conference, adopting audited financial statements and appointing a new non-executi…
- Announcement2026-09-27Econo Trade India Limited announced that its trading window closes on October 1, 2026, to cover insider transactions ahead of the Q2 FY2026 financial …
- 🟡 Board Meeting2026-09-08Econo Trade India announced book closure for its 43rd Annual General Meeting from September 23 to 29, 2026, with the meeting scheduled for September 2…
- 🔴 annual report2026-09-08Econo Trade India Limited reported a net profit of [amount context mismatch] lakhs for FY 2025-26, down from ₹226.23 lakhs in the previous year, with …
- 🔴 annual report2026-09-08Econo Trade India disclosed its FY2025-26 integrated annual report via email link and posted notice of the 43rd AGM scheduled for September 29, 2026, …
- 🟡 Board Meeting2026-09-08Econo Trade India held its 43rd AGM on September 29, 2026 via video conference, adopting audited FY26 financials and reappointing Director Abbas Mustu…
- 🟡 Board Meeting2026-09-08Econo Trade India held its 43rd AGM on September 29, 2026 via video conference, approving audited financial statements for FY2025-26 and reappointing …
- 🟡 Board Meeting2026-08-28Econo Trade India approved its 43rd AGM for September 29, 2026, with e-voting open September 26-28, and reappointed director Abbas Mustufa Rupawala. T…
🧠 Analyst's Read
Econo Trade India Ltd appears to be a financially moribund entity with no clear path to profitability or growth, trading at a premium despite years of stagnant results. Investors should monitor for any meaningful strategic shift, new disclosures, or operational developments — currently, there is none. Until such signals emerge, the company remains a high-risk, low-liquidity holding with no discernible catalyst.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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