Escorp Asset Management Ltd (540455)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Escorp Asset's revenue was ₹4.6 Cr (+684.2% year on year, +905.9% on the previous quarter), and net profit ₹4.1 Cr (+460.2% year on year); the operating margin was 97.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹4.6 | +684.2% | +905.9% |
| Operating profit | ₹4.5 | +750.8% | from loss |
| Net profit | ₹4.1 | +460.2% | — |
| EPS (₹) | 3.68 | +457.6% | — |
| Operating margin | 97.4% | — | — |
📢 Recent Corporate Announcements
Escorp Asset Management Limited has announced the closure of its Register of Members and Share Transfer Books from September 3, 2026, to September 9, 2026 (both days inclusive). This closure is for the purpose of conducting the company's 15th Annual General Meeting (AGM). The AGM is scheduled to be held virtually on Thursday, September 10, 2026, via Video Conference/OAVM. This is a standard procedural filing with no direct financial impact.
- Book closure period scheduled from September 03, 2026 to September 09, 2026
- 15th Annual General Meeting to be held on Thursday, September 10, 2026
- AGM to be conducted via Video Conference (VC) / Other Audio-Visual Means (OAVM)
Escorp Asset Management Limited has published its Annual Report for FY 2025-26 and scheduled its 15th Annual General Meeting for September 10, 2026. The report outlines its core Portfolio Management Services (PMS) operations and discloses plans to incorporate a subsidiary in Mauritius for strategic international expansion. According to market sensitivity disclosures in the report, a 5% fluctuation in the BSE Sensex has an estimated impact of ₹257.11 lakhs on Profit Before Tax. Total trade receivables as of March 31, 2026, stood at ₹9.57 lakhs compared to ₹3.01 lakhs in FY25.
- 15th Annual General Meeting convened for September 10, 2026, via Video Conferencing.
- Proposes incorporation of a subsidiary in Mauritius to drive overseas expansion.
- BSE Sensex sensitivity analysis indicates a 5% index swing impacts Profit Before Tax by ₹257.11 lakhs.
- Trade receivables increased to ₹9.57 lakhs as of March 31, 2026, from ₹3.01 lakhs as of March 31, 2025.
Escorp Asset Management Limited has issued notice convening its 15th Annual General Meeting (AGM) on September 10, 2026, via Video Conference. Key business items include seeking shareholder approval for material related-party transactions (RPTs) to extend loans, advances, or inter-corporate deposits up to ₹50 crore each to four promoter-group entities (Aryaman Financial Services, Aryaman Finance, Aryaman Capital Markets, and Mahshri Enterprises). The company also seeks regularisation of two Independent Directors, Mr. Ronak Jain and Mr. Arkesh Ayyagari, for a 5-year tenure ending July 18, 2031.
- 15th AGM scheduled for Thursday, September 10, 2026, at 2:00 PM IST via VC/OAVM.
- Proposed enabling limit of up to ₹50 crore each for loans/advances/ICDs to 4 related party entities starting FY27.
- Appointment of Mr. Ronak Jain and Mr. Arkesh Ayyagari as Independent Directors for a 5-year period until July 18, 2031.
- Re-appointment of Director Mr. Shreyas Shah, who retires by rotation.
Escorp Asset Management reported a significant jump in financial performance for Q1 FY27, with revenue from operations reaching Rs 4.63 Cr, a 689% increase compared to Rs 0.59 Cr in Q1 FY26. Net profit for the single quarter stood at Rs 4.09 Cr, which already exceeds the total TTM PAT of Rs 3 Cr. The company also recorded a substantial Other Comprehensive Income of Rs 6.60 Cr, likely reflecting mark-to-market gains on investments, leading to a Total Comprehensive Income of Rs 10.68 Cr. Operating expenses remained lean at just Rs 0.12 Cr, maintaining exceptionally high margins.
- Revenue from operations grew to Rs 4.63 Cr in Q1 FY27 from Rs 0.59 Cr in the same quarter last year.
- Net Profit of Rs 4.09 Cr for the quarter surpassed the entire FY26 annual profit of Rs 2.98 Cr.
- Total Comprehensive Income reached Rs 10.68 Cr, driven by Rs 6.60 Cr in Other Comprehensive Income.
- Basic EPS for the quarter jumped to Rs 3.68, compared to Rs 0.65 in Q1 FY26.
- Total expenses were contained at Rs 11.88 Lakhs, representing only 2.4% of total income.
Escorp Asset Management reported a significant surge in performance for Q1 FY27, with revenue from operations reaching Rs 4.63 Cr, a 689% increase compared to Rs 0.59 Cr in Q1 FY26. Net profit for the single quarter stood at Rs 4.09 Cr, which already exceeds the total net profit of Rs 2.98 Cr reported for the entire previous financial year (FY26). The company also recorded a substantial Other Comprehensive Income of Rs 6.60 Cr, leading to a Total Comprehensive Income of Rs 10.68 Cr. This performance represents a major scale-up relative to its small-cap base.
- Revenue from operations jumped to Rs 4.63 Cr in Q1 FY27 from Rs 0.59 Cr in the year-ago quarter.
- Net profit surged to Rs 4.09 Cr, compared to Rs 0.73 Cr in Q1 FY26 and Rs 0.12 Cr in Q4 FY26.
- Total Comprehensive Income reached Rs 10.68 Cr, significantly boosted by Rs 6.60 Cr in Other Comprehensive Income (OCI).
- Earnings Per Share (EPS) for the quarter rose to Rs 3.68, up from Rs 0.65 in Q1 FY26.
- Operating expenses remained controlled at Rs 0.12 Cr, resulting in extremely high operating margins for the quarter.
Escorp Asset Management Ltd has scheduled a board meeting on August 11, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. This follows a significant contraction in FY26, where annual revenue fell to Rs 3.17 Cr from Rs 19.6 Cr in FY25. Investors will be monitoring if the company can recover from the March 2026 quarter, which saw a marginal operating loss of Rs 0.09 Cr. The trading window is currently closed and will reopen 48 hours after the results are published.
- Board meeting scheduled for August 11, 2026, to approve Q1 results.
- Results pertain to the quarter ended June 30, 2026.
- Trading window closed as per SEBI Insider Trading Regulations until 48 hours post-results.
- Company reported a sharp revenue decline in FY26 to Rs 3.17 Cr compared to Rs 19.6 Cr in FY25.
- Current market capitalization stands at Rs 117 Cr against TTM revenue of Rs 3 Cr.
Escorp Asset Management has announced the reconstitution of its primary board committees, including Audit, Nomination and Remuneration, Stakeholders Relationship, and CSR. These changes became effective on July 18, 2026, as per SEBI Listing Regulations. The company, which has a small market capitalization of ₹113 Cr and TTM revenue of ₹3 Cr, is maintaining its governance structure through these administrative updates. No changes to the executive leadership or business operations were reported in this filing.
- Reconstitution of 4 key board committees effective July 18, 2026
- Audit Committee now chaired by Mr. Ronak Jain, an Independent Director
- Nomination and Remuneration Committee now chaired by Ms. Supriya Tatkar
- CSR Committee remains chaired by Executive Director Mr. Shripal Shah
Escorp Asset Management has announced a significant reshuffle of its Board of Directors effective July 18, 2026. The company appointed Mr. Ronak Jain (Chartered Accountant) and Mr. Arkesh Ayyagari (Advocate) as Additional Non-Executive Independent Directors for five-year terms. This follows the resignation of Mr. Haresh Sanghvi on July 18, 2026, and the upcoming cessation of Mr. Darshit Parikh on July 25, 2026, upon completing his second term. These changes appear to be part of routine board rotation and succession planning to maintain regulatory compliance.
- Appointment of 2 new Independent Directors for a fixed term of 5 years each, effective July 18, 2026.
- Mr. Ronak Jain brings over 10 years of experience in audit, taxation, and investment banking.
- Mr. Arkesh Ayyagari provides legal expertise in banking, financial litigation, and blockchain technology.
- Cessation of Mr. Darshit Parikh effective July 25, 2026, following the completion of his second consecutive term.
- Resignation of Mr. Haresh Sanghvi effective July 18, 2026, citing professional commitments with no other material reasons.
Escorp Asset Management has announced a reshuffle of its board effective July 18, 2026. Mr. Ronak Jain, a Chartered Accountant, and Mr. Arkesh Ayyagari, an Advocate, have been appointed as Additional Non-Executive Independent Directors for five-year terms. This follows the immediate resignation of Mr. Haresh Sanghvi due to professional commitments and the upcoming cessation of Mr. Darshit Parikh on July 25, 2026, upon completing his second term. The new appointments are subject to shareholder approval at the next general meeting.
- Appointment of Mr. Ronak Jain as Independent Director for a 5-year term starting July 18, 2026
- Appointment of Mr. Arkesh Ayyagari as Independent Director for a 5-year term starting July 18, 2026
- Resignation of Mr. Haresh Sanghvi effective July 18, 2026, citing pre-occupation
- Cessation of Mr. Darshit Parikh effective July 25, 2026, following completion of two consecutive terms
Escorp Asset Management has announced a board reshuffle effective July 18, 2026. The company appointed Mr. Ronak Jain, a Chartered Accountant with over 10 years of experience, and Mr. Arkesh Ayyagari, a legal professional, as Additional Non-Executive Independent Directors for five-year terms. These appointments coincide with the resignation of Mr. Haresh Sanghvi on July 18, 2026, and the upcoming completion of Mr. Darshit Parikh's second term on July 25, 2026. The changes appear to be a routine rotation and replacement of independent oversight.
- Appointment of 2 new Independent Directors for a 5-year term effective July 18, 2026
- Mr. Ronak Jain brings over 10 years of experience in audit, taxation, and investment banking
- Mr. Arkesh Ayyagari adds legal expertise in banking litigation and blockchain technology
- Mr. Darshit Parikh to cease office on July 25, 2026, after completing 2 consecutive terms
- Mr. Haresh Sanghvi resigned effective July 18, 2026, citing professional commitments
Escorp Asset Management has announced a refresh of its Board of Directors with the appointment of two new Independent Directors and the departure of two others. Mr. Ronak Jain, a Chartered Accountant, and Mr. Arkesh Ayyagari, a legal professional, have been appointed for 5-year terms effective July 18, 2026. These appointments coincide with the resignation of Mr. Haresh Sanghvi and the upcoming term completion of Mr. Darshit Parikh on July 25, 2026. The changes ensure the board maintains its independent oversight as required by SEBI regulations.
- Appointment of 2 new Independent Directors for a fixed term of 5 years each starting July 18, 2026
- Mr. Ronak Jain brings over 10 years of experience in audit, taxation, and investment banking
- Mr. Haresh Sanghvi resigned effective July 18, 2026, citing professional commitments
- Mr. Darshit Parikh will exit on July 25, 2026, following the completion of his 2nd consecutive term
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The company reported no cash losses for the financial year ended March 31, 2025, and the immediately preceding year, indicating stable operations, though specific segment growth percentages are absent.
Geographic Revenue Split
Not disclosed in available documents. The company operates out of Mumbai, Maharashtra, but the percentage contribution from different regions is not specified.
Profitability Margins
Not disclosed in available documents. While the company confirmed it has not incurred cash losses for two consecutive years (FY24 and FY25), specific Gross, Operating, or Net profit margins were not provided.
EBITDA Margin
Not disclosed in available documents. Core profitability metrics and YoY changes in EBITDA are not present in the provided financial snippets.
Capital Expenditure
Not disclosed in available documents. The company maintains records for Property, Plant, and Equipment, but specific INR values for historical or planned CapEx are not listed.
Credit Rating & Borrowing
The company has not taken any working capital loans exceeding INR 5 Cr from financial institutions. It also reported that no term loans were obtained during the period, suggesting a low-leverage or debt-free status.
Operational Drivers
Raw Materials
Not applicable. As an asset management firm, Escorp Asset Management Limited does not utilize physical raw materials like steel or crude oil; it reports 0% inventory.
Import Sources
Not applicable for the service-based asset management industry.
Key Suppliers
Not disclosed in available documents. The company utilizes service providers such as Bigshare Services Private Limited for registrar and share transfer agent services.
Capacity Expansion
Not applicable. The company does not have manufacturing capacity; however, it maintains an internal audit system commensurate with its size to manage its service-based operations.
Raw Material Costs
0% of revenue. The company confirmed it does not hold inventory, which is consistent with its business model as an asset management provider.
Manufacturing Efficiency
Not applicable. The company is a service provider in the financial sector.
Logistics & Distribution
Not applicable. Distribution of services is handled through financial intermediaries and digital platforms rather than physical logistics.
Strategic Growth
Growth Strategy
The company focuses on maintaining a robust internal financial control system and compliance with SEBI regulations to build investor trust. Growth is supported by its ability to meet all existing liabilities within a one-year period, ensuring financial stability for future expansion into new asset management products.
Products & Services
Asset management services, portfolio management, and financial advisory services.
Brand Portfolio
Escorp Asset Management.
New Products/Services
Not disclosed in available documents. No specific new product launches or expected revenue contributions are mentioned.
Market Expansion
Not disclosed in available documents. Target regions and timelines for expansion are not provided.
Strategic Alliances
The company works with Bigshare Services Private Limited as its Registrar and Share Transfer Agent to manage its investor base.
External Factors
Industry Trends
The Indian asset management industry is shifting toward increased transparency with mandatory audit trails and stricter SEBI compliance (e.g., Regulation 74(5)). The company is positioning itself by maintaining 100% compliance with these evolving digital and regulatory standards.
Competitive Landscape
The company operates in a highly competitive AMC market in India, competing with both bank-backed and independent asset management firms.
Competitive Moat
The company's moat is based on regulatory compliance and its clean legal record (zero pending litigations). This builds a 'trust moat' which is essential in asset management, though its sustainability depends on maintaining consistent fund performance and service quality.
Macro Economic Sensitivity
The company is highly sensitive to financial market volatility and interest rate cycles, which affect the valuation of assets under management and investor appetite for financial products.
Consumer Behavior
There is an increasing trend toward the dematerialization of securities, as evidenced by the company's active processing of demat requests through its RTA.
Geopolitical Risks
Not disclosed in available documents. However, global geopolitical tensions typically impact domestic capital markets, which would indirectly affect the company's AUM and fee revenue.
Regulatory & Governance
Industry Regulations
The company is governed by the SEBI (Depositories and Participants) Regulations, 2018, and Sections 185 and 186 of the Companies Act, 2013, regarding loans and investments. It must also maintain an audit trail in its accounting software as per statutory requirements.
Environmental Compliance
Not applicable. As a financial services firm, the company has minimal environmental impact and no specific ESG compliance costs were disclosed.
Taxation Policy Impact
Not disclosed in available documents. The company complies with the Companies Act 2013 and Ind AS, but the specific effective tax rate is not mentioned.
Legal Contingencies
INR 0. The company explicitly stated it does not have any pending litigations that would impact its financial position as of March 31, 2025.
Risk Analysis
Key Uncertainties
Market risk remains the primary uncertainty, as a decline in asset values would reduce fee income. Regulatory changes by SEBI regarding fee structures could also impact margins.
Geographic Concentration Risk
The company is headquartered in Mumbai, suggesting a concentration of operations in the Maharashtra region, though the client base may be national.
Third Party Dependencies
Significant dependency on Bigshare Services Private Limited for registrar and share transfer services and V.N. Purohit & Co. for statutory auditing.
Technology Obsolescence Risk
The company has mitigated digital risks by adopting accounting software with mandatory audit trail features and ensuring no tampering has occurred, addressing the risk of financial data manipulation.
Credit & Counterparty Risk
The company reports that it has not granted loans to outside parties and has no material foreseeable losses on long-term contracts, indicating low counterparty credit risk.
