Photon Capital Advisors Ltd

₹ 352 0.99%

07 Sep - close price

About

Incorporated in 1983, Photon Capital Advisors
Ltd is in the business of investment and financial services.^[1]

Key Points

Business Overview:^[1]
PCAL is an investment company. It invests in long-term investments and distributes the dividends. The company is presently only passively managing existing cash. It is evaluating several business opportunities at the
moment.

Website BSE

Market Cap ₹ 95.5 Cr.
Current Price ₹ 352
High / Low ₹ 352 / 90.0
Stock P/E 2,388
Book Value ₹ 51.0
Dividend Yield 0.00 %
ROCE -5.55 %
ROE -8.75 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Company's working capital requirements have reduced from 47.5 days to 14.6 days

Cons

Stock is trading at 6.89 times its book value
Promoter holding has decreased over last quarter: -5.02%
Company has a low return on equity of -11.0% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Services Services Commercial Services & Supplies Diversified Commercial Services

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	0.05	0.06	0.05	0.07	0.06	0.07	0.06	0.07	0.06	0.06	0.06	0.04	0.05
	0.15	0.14	0.13	0.11	0.22	0.07	0.19	0.12	0.42	0.18	0.16	0.13	0.16
Operating Profit	-0.10	-0.08	-0.08	-0.04	-0.16	0.00	-0.13	-0.05	-0.36	-0.12	-0.10	-0.09	-0.11
OPM %	-200.00%	-133.33%	-160.00%	-57.14%	-266.67%	0.00%	-216.67%	-71.43%	-600.00%	-200.00%	-166.67%	-225.00%	-220.00%
	0.00	0.00	0.15	0.04	0.16	0.25	0.00	0.25	0.00	0.00	0.08	0.31	0.34
Interest	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.03	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Profit before tax	-0.10	-0.08	0.07	0.00	0.00	0.21	-0.14	0.19	-0.37	-0.13	-0.03	0.21	0.22
Tax %	0.00%	75.00%	0.00%			1,071.43%	0.00%	0.00%	0.00%	192.31%	0.00%	0.00%	0.00%
	-0.10	-0.14	0.07	0.00	0.00	-2.04	-0.14	0.19	-0.37	-0.37	-0.03	0.22	0.22
EPS in Rs	-0.66	-0.92	0.46	0.00	0.00	-13.48	-0.92	1.26	-2.44	-2.44	-0.20	1.45	1.45
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	1.88	0.50	0.35	3.08	0.09	0.12	0.01	0.36	0.21	0.25	0.25	0.21
	3.65	0.76	0.64	0.44	0.94	0.55	0.42	0.44	0.52	0.54	0.66	0.63
Operating Profit	-1.77	-0.26	-0.29	2.64	-0.85	-0.43	-0.41	-0.08	-0.31	-0.29	-0.41	-0.42
OPM %	-94.15%	-52.00%	-82.86%	85.71%	-944.44%	-358.33%	-4,100.00%	-22.22%	-147.62%	-116.00%	-164.00%	-200.00%
	-0.01	0.00	0.00	0.57	0.93	0.00	0.39	2.00	0.00	0.60	0.00	0.73
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00
Depreciation	0.03	0.05	0.04	0.04	0.00	0.00	0.00	0.00	0.00	0.03	0.03	0.04
Profit before tax	-1.81	-0.31	-0.33	3.17	0.08	-0.43	-0.02	1.92	-0.31	0.27	-0.44	0.27
Tax %	-28.18%	-35.48%	-87.88%	5.99%	12.50%	11.63%	600.00%	1.04%	19.35%	833.33%	56.82%
	-1.31	-0.19	-0.04	2.81	0.08	-0.48	-0.14	1.89	-0.37	-1.98	-0.69	0.04
EPS in Rs	-8.65	-1.26	-0.26	18.56	0.53	-3.17	-0.92	12.49	-2.44	-13.08	-4.56	0.26
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-7%
5 Years:	16%
3 Years:	-11%
TTM:	-19%

Compounded Profit Growth
10 Years:	%
5 Years:	-11%
3 Years:	%
TTM:	102%

Stock Price CAGR
10 Years:	47%
5 Years:	76%
3 Years:	96%
1 Year:	206%

Return on Equity
10 Years:	%
5 Years:	-3%
3 Years:	-11%
Last Year:	-9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	1.51	1.51	1.51	1.51	1.51	1.51	1.51	1.51	1.51	1.51	1.51	1.51
Reserves	9.75	9.50	9.48	12.28	9.65	9.13	9.02	9.10	8.72	6.73	6.02	6.21
	0.09	0.09	0.09	0.09	0.00	0.00	0.00	0.00	0.00	0.06	0.03	0.02
	0.85	0.80	0.81	1.56	0.05	0.04	0.05	0.04	0.03	0.03	0.04	0.02
Total Liabilities	12.20	11.90	11.89	15.44	11.21	10.68	10.58	10.65	10.26	8.33	7.60	7.76
	0.22	0.12	0.08	0.04	0.02	0.02	0.02	0.02	0.02	0.07	0.04	0.03
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	6.80	7.01	6.86	10.02	7.10	6.67	6.66	2.37	2.30	2.90	2.72	3.10
	5.18	4.77	4.95	5.38	4.09	3.99	3.90	8.26	7.94	5.36	4.84	4.63
Total Assets	12.20	11.90	11.89	15.44	11.21	10.68	10.58	10.65	10.26	8.33	7.60	7.76

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-0.59	-0.54	-0.22	-1.00	-0.44	-0.41	-0.45	-0.56	-0.57	-0.47
	0.58	-0.07	0.22	-4.97	0.41	0.43	4.86	-3.74	0.52	0.72
	0.50	0.00	0.00	6.00	0.00	0.00	0.00	0.00	-0.03	-0.03
Net Cash Flow	0.49	-0.61	0.00	0.03	-0.03	0.02	4.41	-4.30	-0.08	0.22
Free Cash Flow	-0.59	-0.55	-0.22	-1.00	-0.44	-0.41	-0.45	-0.56	-0.57	-0.47
CFO/OP	33%	208%	76%	116%	102%	100%	562%	181%	197%	115%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Days
Days Payable
Cash Conversion Cycle	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Working Capital Days	-7.77	73.00	-10.43	-71.10	162.22	91.25	1,095.00	0.00	69.52	58.40	14.60
ROCE %		-2.50%	-2.79%	23.81%		-3.94%	-0.19%	18.16%	-2.98%	3.02%	-5.55%

Insights

In beta

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

BSE annual trading volume (shares)
number of shares ・Standalone data

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x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx

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Number of permanent employees
count ・Standalone data

Percentage of equity shares dematerialized
% ・Standalone data

Stake in Nicosa Consulting Private Limited
% ・Standalone data

Total number of shareholders
count ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.89%	74.89%	74.89%	74.89%	74.89%	74.89%	74.89%	74.89%	74.89%	74.89%	59.49%	54.47%
	25.12%	25.11%	25.11%	25.11%	25.11%	25.11%	25.11%	25.10%	25.11%	25.11%	40.51%	45.52%
No. of Shareholders	6,640	6,604	6,611	6,619	6,642	6,602	6,601	6,581	6,578	6,560	6,530	6,511

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	74.89%	74.89%	74.89%	74.89%	74.89%	74.89%	74.89%	74.89%	74.89%	59.49%	54.47%
	25.11%	25.11%	25.11%	25.11%	25.11%	25.11%	25.11%	25.11%	25.11%	40.51%	45.52%
No. of Shareholders	6,644	6,608	6,595	6,584	6,583	6,606	6,650	6,611	6,601	6,530	6,511

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Photon Capital Advisors Ltd

Photon Capital Advisors Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports