Asit C Mehta Financial Services Ltd Q3 FY26 – ₹176 Cr Balance Sheet, Debt ₹98.6 Cr, Negative EPS, and a Broker That’s Also a Landlord
1. At a Glance – Blink and You’ll Miss the Profit
Asit C Mehta Financial Services Ltd (ACMFSL) currently sits at a market cap of about ₹110 crore with a stock price hovering around ₹133. On paper, this looks like a modest capital markets play. In reality, it’s a curious cocktail of stockbroking, investment banking, fintech experiments, and plain old rental income—all shaken together while profits play hide-and-seek.
The latest quarterly numbers show sales of ₹13.6 crore and a PAT loss of ₹1.85 crore. ROE is a painful -10.1%, debt-to-equity is a chunky 4.36, and book value is ₹27.5—making the stock trade at nearly 4.8× book, which is bold for a company still arguing with profitability.
Three-month returns are mildly positive, six-month returns are negative, and long-term returns look decent…
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