Company Overview

Pune E-Stock Broking Limited (PESB), Scrip Code: 544141, submitted its Investor Presentation for September 2026 to BSE Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) 2015. The document was signed and submitted by Ashwini Ashish Kulkarni, Company Secretary and Compliance Officer (ICSI Member No.: A31274), on September 10, 2026.

Business Operations and Services

PESB operates as a full-service corporate broking house offering diverse investment options including Equities, F&O, MCX, IPOs, Mutual Funds, Bonds, and AIFs. The company provides innovative trading platforms with advanced order routing technology and access to US stocks/international investing through GIFT City IFSC route.

Key business segments include:

  • Broking & Margin Trading Facility (MTF): Maintains a ₹100 Cr+ MTF book with interest yield varying by client relationship and quantum. The MTF is fully collateralized by clients' stock holdings and cash, maintaining low credit risk.
  • Research & Analysis: Team comprises MBAs, Chartered Accountants, Economists, and CFAs following a four-step process: Data Collection, Deep Analysis, Peer Review & Validation, and Actionable Insights.
  • Mutual Fund Distribution: Operates with 36 AMC partnerships and 513 schemes, catering to 1,622 investors across equity and non-equity asset classes.
  • Curated Equity Baskets: Offers six thematic baskets including Core Compounding Basket, High Conviction Picks, Bharat Consumption Portfolio, Alpha Growth Basket, Future Tech Basket, and Nation Builders Basket.
  • Merchant Banking Division: Headed by Ronak Jhaveri (MBA Finance, CFP US, CFA Level 1) with 16 years experience, supported by CS Mahek Jain, CS Nikita Jain, and CS Prajakta Raut.
  • Insurance Services: Offered through subsidiary Pune Finvest Limited (IRDA registered Corporate Agency) under brand QURA Insure.

Financial Performance (Standalone Numbers)

All figures reported in ₹ Crores

H2 FY26 Financial Highlights:

  • Revenue from Operations: ₹27.5 Cr (20.4% YoY growth from ₹22.8 Cr in H2 FY25)
  • Other Income: ₹6.1 Cr (454.5% YoY growth from ₹1.1 Cr)
  • Total Revenue: ₹33.6 Cr (40.2% YoY growth from ₹24.0 Cr)
  • EBITDA: ₹16.5 Cr (50.6% YoY growth from ₹10.9 Cr)
  • EBITDA Margin: 60.0% (improved from 48.0% in H2 FY25)
  • PBT: ₹12.9 Cr (71.3% YoY growth from ₹7.5 Cr)
  • Net Profit: ₹9.5 Cr (68.7% YoY growth from ₹5.6 Cr)
  • Net Profit Margin: 34.6% (improved from 24.7% in H2 FY25)

Historical Financial Performance (FY22-FY26):

  • Revenue from Operations grew at 17% CAGR over 3 years
  • EBITDA compounded at over 40% CAGR
  • PAT compounded at over 40% CAGR

Balance Sheet Position (FY26):

  • Total Assets: ₹328.2 Cr
  • Non-Current Assets: ₹68.8 Cr (including Property, Plant & Equipment: ₹8.5 Cr, Non-Current Investments: ₹45.6 Cr)
  • Current Assets: ₹259.4 Cr (including Trade Receivables: ₹76.6 Cr, Cash and Cash Equivalents: ₹151.7 Cr)
  • Total Equity: ₹180.6 Cr (Equity Share Capital: ₹15.8 Cr, Reserves & Surplus: ₹159.3 Cr)
  • Current Liabilities: ₹141.4 Cr (including Short-Term Borrowings: ₹47.0 Cr, Trade Payables: ₹87.8 Cr)

Management Team

The presentation introduces key management personnel:

  • Mr. Vrajesh Krishnakumar Shah: Promoter, Chairman & Managing Director, M.Com, 30+ years experience
  • Mr. Vrajesh Navnitbhai Shah: Promoter, Non-Executive Director, B.Com, 30+ years experience
  • Mr. Devendra Ramchandra Ghodnadikar: Promoter, Non-Executive Director, MBA, 30+ years commodities experience
  • Mr. Sandip Sunderlal Shah: Promoter, Non-Executive Director, B.E. Mechanical, 30+ years F&O experience
  • Mrs. Archana Gorhe: Whole-Time Director, B.Com, 25 years capital markets experience
  • Mr. Arpit Shah: CFO, ICAI Associate, oversees financial management and reporting
  • Mr. Daidipya Ghodnadikar: Whole-Time Director, B.Com, M.A. Economics, 10 years capital markets experience
  • Mr. Drumil Shah: Vice President, BBA, Master's in Economics, drives expansion strategy
  • Mr. Saleem Yalagi: Whole-Time Director, Computer Engineer, 25 years stock market experience
  • Mr. Ronak Jhaveri: Whole-Time Director, 15+ years merchant banking experience

Future Growth Guidance

The company outlined strategic priorities:

  • Target double-digit profit growth percentage annually
  • Focus on improving return ratios and operating efficiency
  • Scale wealth, merchant banking, and insurance divisions to contribute meaningfully to bottom line
  • Target 1 Lakh+ customers by 2027 through enhanced engagement and monetization
  • Retail expansion through flagship branches and MTF book scaling
  • Algo trading penetration through open API-based solutions
  • Strategic diversification through GIFT City IFSC and cross-border opportunities

Investor Contact Information

Company contacts: info@pesb.co.in, +91-20-41000600, +91-8530009649 (WhatsApp)

Investor relations contacts provided: Nikhar Arora, Sakshi Shah, Sanaya Mittal with respective email addresses