Crest Ventures Ltd (CREST)
🎯 Key Takeaways
- Crest Ventures Ltd appears to be in a mature, stable phase with signs of controlled reinvestment and governance focus rather than aggressive growth. The company maintains low leverage and consistent profitability, but its flat revenue trend and declining ROE suggest limited operational expansion.
- Revenue declined 5.4% QoQ to ₹30 in Q1FY27.
- ⚠️ Heavy reliance on a shrinking core business with declining revenue trends across multiple quarters.
- Market Cap
- ₹1,024
- P/E Ratio
- 30.6
- P/B Ratio
- 0.78
- ROE
- 2.5%
- ROCE
- 4.1%
- Debt/Equity
- 0.21
- Div Yield
- 0.28%
- Promoter
- 69.8%
📖 The Story
Crest Ventures Ltd appears to be in a mature, stable phase with signs of controlled reinvestment and governance focus rather than aggressive growth. The company maintains low leverage and consistent profitability, but its flat revenue trend and declining ROE suggest limited operational expansion. Management is prioritizing compliance, capital efficiency, and shareholder returns within a regulated financial services framework.
📰 What's Happening
In the last three quarters, Crest Ventures has focused on financial governance and structural compliance. The board approved unaudited standalone and consolidated results for Q1FY27 (June 2026) showing a net profit margin of 18.49% and debt-equity ratio of 0.17, alongside amendments to its insider trading code effective August 13, 2026. At the 44th AGM on August 22, 2026, shareholders approved the audited financial statements for FY2025-26, declared a final dividend of Re 1 per share (10%), and ratified material related party transactions. A Scheme of Arrangement is pending regulatory approvals from RBI and NCLT, signaling potential restructuring or consolidation activity.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 63 | 30 | 35 | 32 | 30 |
| Operating Profit | 37 | 6 | 12 | 10 | 8 |
| OPM % | 58.7% | 19.5% | 34.4% | 30.5% | 27.7% |
| Net Profit | 26 | 4 | 10 | 9 | 11 |
| EPS | ₹8.93 | ₹1.32 | ₹3.49 | ₹2.96 | ₹4.01 |
The company's quarterly revenue has shown a downward trend, declining from ₹63 crore in June 2025 to ₹30 crore in June 2026, with operating margins also trending lower from 58.7% to 27.7% over the same period. However, recent quarters (Dec 2025–Jun 2026) show stabilization in profitability, with net profit margin holding at 18.49% and OPM at 27.7% in the latest quarter. Despite lower revenue volumes, cost efficiency remains intact, and net profit has remained relatively resilient. This suggests the business may be contracting in scale but maintaining operational discipline, possibly due to market consolidation or strategic pruning.
🔮 Management Outlook & What's Next
Management has not provided explicit forward guidance on revenue or growth targets in the latest filings, but has indicated that a Scheme of Arrangement is pending regulatory approvals, which could streamline operations or restructure liabilities. The board continues to emphasize compliance with SEBI, Ind AS, and RBI guidelines, and has strengthened governance through updated insider trading protocols. The reappointment of director Sheetal Kapadia and approval of related party transactions reflect confidence in continuity of leadership and financial relationships.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 28 |
| Reserves | 1,167 | 1,151 | 1,279 | 1,234 |
| Borrowings | 166 | 171 | 279 | 202 |
| Total Liabilities | 1,421 | 1,423 | 1,925 | 1,690 |
| Fixed Assets | 64 | 65 | 23 | 66 |
| Investments | 290 | 389 | 459 | 323 |
| Total Assets | 1,421 | 1,423 | 1,925 | 1,690 |
The balance sheet shows stable equity levels of ₹28 crore with growing reserves (up from ₹1,167 crore in Mar 2025 to ₹1,279 crore in Mar 2026), indicating retained earnings are being accumulated despite flat top-line growth. Borrowings have increased slightly to ₹279 crore from ₹202 crore, but remain low relative to equity, resulting in a healthy debt-equity ratio of 0.17. Total assets have grown to ₹1,925 crore, suggesting asset base expansion may be funded internally or through controlled leverage, with no signs of aggressive capitalization.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | +46 |
| Investing | -85 |
| Financing | +109 |
| Net Cash Flow | +70 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 69.8% | 69.8% | 69.8% | 69.8% |
| FII | 1.6% | 1.6% | 1.7% | 1.7% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 15.2% | 15.3% | 15.5% | 14.8% |
| # Shareholders | 10,008 | 9,566 | 9,115 | 8,651 |
Promoter holding remains stable at approximately 69.75–69.84% over the last four quarters, indicating no dilution or stake sale. FII ownership is minimal (~1.63–1.71%), while DII holds zero shares. Public shareholding has gradually increased from 14.83% to 15.48%, and the number of shareholders has risen to 8,651, suggesting growing retail interest. No pledging or significant changes in shareholder structure are evident, reflecting confidence in governance and stability.
⚖️ 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. Heavy reliance on a shrinking core business with declining revenue trends across multiple quarters. 2. Low ROE (2.6%) and ROCE (4.1%) suggest capital is not being deployed efficiently, raising concerns about return generation. 3. Pending regulatory approvals for the Scheme of Arrangement introduce execution and timeline risk. 4. Minimal institutional investor interest (FII/DII near zero) may limit liquidity and market depth, especially if sentiment shifts.
📋 Recent Filings
- Announcement2026-09-24Crest Ventures has closed its trading window for insiders effective October 1, 2026, until 48 hours after the un-audited quarterly results for Septemb…
- 🟡 Board Meeting2026-08-25Crest Ventures Limited announced voting results from its 44th Annual General Meeting held on August 22, 2026, where all five proposed resolutions were…
- 🟡 Board Meeting2026-08-22Crest Ventures held its 44th AGM on August 22, 2026 via video conference, approving the audited financial statements and a dividend for FY2025-26, rea…
- Announcement2026-08-18Crest Ventures announced incorporation of two new step-down subsidiaries, EZY Living Nest Private Limited and EZY Living Spaces Private Limited, both …
- 🟡 Board Meeting2026-08-13Crest Ventures Limited updated its insider trading code effective August 13, 2026, strengthening rules around handling unpublished price-sensitive inf…
- 🟡 Board Meeting2026-08-13Crest Ventures Limited announced the outcome of its board meeting on August 13, 2026, approving unaudited standalone and consolidated financial result…
- 🔴 Announcement2026-08-12Crest Ventures Limited announced the transfer of 3,000 fully paid equity shares to eligible employees following option exercise under its 2022 Employe…
- 🔴 annual report2026-07-29The 44th AGM of Crest Ventures Limited is scheduled for August 22, 2026, via Video Conferencing, with resolutions seeking approval for financial state…
- 🔴 Corporate Action2026-07-22Crest Ventures Limited received unconditional 'No adverse observations' from BSE and 'No objection' from NSE on its scheme of arrangement with Crest C…
- Announcement2026-06-29Crest Ventures announced a landmark cluster redevelopment in Dadar East, Mumbai, via its subsidiary Sutlej Housing, targeting a Rs. 2,200 Crore GDV pr…
🧠 Analyst's Read
Crest Ventures is navigating a quiet phase marked by governance discipline and financial stability, but lacks visible catalysts for growth. Investors should monitor the regulatory outcome of the Scheme of Arrangement and any signs of revenue stabilization or strategic realignment. The company appears financially sound but operationally stagnant, warranting attention to management's next moves in capital allocation and market positioning.
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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