Almondz Global Securities Limited (ALMONDZ)
₹19.55 -1.56% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Almondz Global's revenue was ₹44.0 Cr (+39.1% year on year, -21.1% on the previous quarter), and net profit ₹13.0 Cr (+88.4% year on year); the operating margin was 22.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹44.0 | +39.1% | -21.1% |
| Operating profit | ₹10.0 | +76.4% | +243.6% |
| Net profit | ₹13.0 | +88.4% | +151.0% |
| EPS (₹) | 0.72 | +80.0% | +140.0% |
| Operating margin | 22.7% | — | — |
ALMONDZ exchange data
NSE end-of-day data for
It closed at a price band (circuit) on 5 sessions in about the last 20.
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Almondz Global Securities announced that its infrastructure consultancy subsidiary, Almondz Global Infra-Consultant Limited (AGICL), secured new orders worth Rs 154 crore in H1 FY27, up 214% from Rs 72 crore in H1 FY26. With these inflows, AGICL's total order book has crossed Rs 400 crore, to be executed over a three-year period. Relative to Almondz's consolidated TTM revenue of Rs 185 crore, the H1 order inflow alone represents ~83% of annual revenue, offering substantial multi-year revenue visibility.
- AGICL secured Rs 154 crore in new orders during H1 FY27, up 214% compared to Rs 72 crore in H1 FY26
- Total order book of AGICL crossed Rs 400 crore as of September 30, 2026
- Orders have an execution timeframe of 3 years
- AGICL's H1 FY27 revenue stood at Rs 54 crore compared to Rs 48 crore in H1 FY26
- Key project wins include an IDCO Odisha mandate of Rs 33.15 crore and a West Central Railway mandate of Rs 21.23 crore
Almondz Global Securities Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by the company's Registrar and Share Transfer Agent, Beetal Financial & Computer Services (P) Ltd, on October 5, 2026. It confirms that securities received for dematerialization during the quarter were processed and listed on stock exchanges where earlier shares are listed. This is a standard quarterly regulatory filing with no operational or financial impact.
- Compliance certificate filed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Pertains to the quarter ended September 30, 2026
- Issued by Registrar and Share Transfer Agent Beetal Financial & Computer Services (P) Ltd on October 5, 2026
- Filing submitted to BSE and NSE on October 7, 2026
Almondz Global Securities announced the voting results of its 32nd Annual General Meeting held on September 30, 2026. Shareholders approved all 11 resolutions presented, including the adoption of FY26 financial statements and director reappointment. Crucially, approvals were also obtained for material related party transactions with Almondz Global Infra Consultant, Premier Green Innovations, and Innovative Money Matters, with interested promoters abstaining from voting on these items.
- All 11 resolutions passed at the 32nd AGM with overwhelmingly favorable votes (>99.9% in favor)
- Resolution 1 (FY26 Audited Financials) passed with 10,02,40,767 votes in favor (99.9924%) and 7,649 votes against
- Material related-party transactions (Resolutions 9, 10, and 11) approved by non-interested public shareholders with 1,01,08,330 votes in favor
- A total of 128 shareholders attended the meeting via video conferencing (4 promoter group, 124 public)
Almondz Global Securities participated virtually in the Bharat Connect Conference – Rising Stars 2026 with institutional investors on September 30, 2026. The company uploaded its updated investor presentation to its website following prior intimation on September 25, 2026. Almondz operates with a market capitalization of Rs 346 Cr and reported a TTM revenue of Rs 156 Cr and TTM PAT of Rs 27 Cr. This filing serves as a standard regulatory outcome intimation with no new immediate financial commitments disclosed.
- Participated virtually in Bharat Connect Conference – Rising Stars 2026 on September 30, 2026
- Investor presentation dated September 30, 2026 made available on company website
- Follows prior schedule intimation letter dated September 25, 2026
Almondz Global Securities announced that its subsidiary, Almondz Global Infra Consultant Limited (AGICL), has received a Letter of Award (LOA) for a ₹33.15 crore contract from Odisha Industrial Infrastructure Development Corporation (IDCO). The project entails acting as Programme Management Consultant for various IDCO projects over a 2-year tenure. This contract represents approximately 21.2% of the company's TTM consolidated revenue of ₹156 crore. AGICL was declared the H1 bidder via the QCBS evaluation method, and terms require a performance bank guarantee of ₹3.32 crore within 7 days.
- Order value of ₹33,15,20,000 (excluding GST) awarded by IDCO, a Government of Odisha undertaking
- Contract tenure spans two (2) years for Programme Management Consultant services
- AGICL must submit a performance bank guarantee of ₹3,31,52,000 (10% of order value) within 7 days
- Contract agreement must be executed within 15 days of the LOA issuance date (29th September, 2026)
Almondz Global Securities Limited held its 32nd Annual General Meeting on September 30, 2026, via video conferencing. Shareholders took up 11 resolutions, including the adoption of FY26 financial statements and director re-appointments. Key special and ordinary business included remuneration revisions for top managerial personnel and approval for material related-party transactions (RPTs) with entities such as Avonmore Capital & Management Services, Almondz Finanz, and Premier Green Innovations. Final scrutinizer voting results will be submitted separately within prescribed timelines.
- Held 32nd Annual General Meeting on September 30, 2026, from 11:12 A.M. to 11:38 A.M. IST
- Placed 11 resolutions before shareholders (2 ordinary business and 9 special/ordinary business items)
- Voted on remuneration revisions for Managing Director Manoj Kumar Arora, WTD Ajay Pratap, and CFO Rajeev Kumar
- Considered material related-party transactions across 6 entities, including Premier Green Innovations and Avonmore Capital
- Remote e-voting window was open from September 27 to September 29, 2026
Almondz Global Securities announced that its executives will participate in the Bharat Connect Conference – Rising Stars 2026 on September 30, 2026. The meeting will be held virtually from 02:00 PM to 03:00 PM IST in a group conference format. The company confirmed that no unpublished price sensitive information (UPSI) will be shared during the session. This is a routine institutional interaction intimation under SEBI Regulation 30.
- Investor conference scheduled for September 30, 2026
- Session duration of 1 hour from 02.00 p.m. to 3.00 p.m. IST
- Format is a virtual group conference meeting organized by a third party
- No unpublished price sensitive information (UPSI) will be disclosed
Almondz Global Securities Limited has issued the notice for its 32nd Annual General Meeting scheduled for September 30, 2026, via video conferencing. The cut-off date to determine voting eligibility is September 23, 2026, with remote e-voting open from September 27 to September 29, 2026. Key special business items include approval for the revision in remuneration for Managing Director Mr. Manoj Kumar Arora to Rs. 8,12,500 per month and Whole-Time Director Mr. Ajay Pratap to Rs. 4,31,260 per month, effective April 1, 2026.
- 32nd Annual General Meeting scheduled for September 30, 2026 at 11:00 AM IST
- E-voting cut-off date fixed for September 23, 2026; e-voting window runs September 27 to September 29, 2026
- Proposed revision in gross salary of MD Manoj Kumar Arora to Rs. 8,12,500 per month effective April 1, 2026
- Proposed revision in gross salary of WTD & Company Secretary Ajay Pratap to Rs. 4,31,260 per month
Almondz Global Securities Limited has issued a letter to shareholders whose email addresses are not registered with the company/RTA, providing web links to access the Annual Report and Notice for the 32nd Annual General Meeting (AGM) for FY 2025-26. The 32nd AGM is scheduled to take place on Wednesday, September 30, 2026, at 11:00 AM IST via Video Conferencing/OAVM. This disclosure is a procedural compliance filing under Regulation 36(1)(b) of the SEBI LODR Regulations.
- 32nd Annual General Meeting scheduled for Wednesday, September 30, 2026, at 11:00 AM IST via Video Conference.
- Weblink to the FY26 Annual Report and AGM Notice shared pursuant to Regulation 36(1)(b) of SEBI LODR Regulations.
- Shareholders without registered emails directed to update KYC details with RTA Beetal Financial & Computer Services Pvt Ltd.
Almondz Global Securities Limited has issued a corrigendum regarding the Scheme of Arrangement with Almondz Global Infra – Consultant Limited (Resulting Company). The company corrected the post-Scheme shareholding pattern of the Resulting Company to reflect a promoter holding of 70.38% (1,36,10,422 shares) and public holding of 29.62% (57,29,040 shares), totaling 1,93,39,462 shares. The previous disclosure incorrectly included 5,32,800 equity shares tied to warrant conversions, which will be dealt with separately under the Scheme.
- Post-scheme promoter holding in Resulting Company corrected to 70.38% (1,36,10,422 shares) from 68.49%
- Post-scheme public holding corrected to 29.62% (57,29,040 shares) from 31.51%
- Total post-scheme equity base of Resulting Company revised down to 1,93,39,462 shares from 1,98,72,262 shares
- Adjustment removes 5,32,800 shares related to unexercised warrants to be handled separately under the Scheme
Almondz Global Securities approved a Scheme of Arrangement to demerge its Infrastructure Advisory Business into Almondz Global Infra-Consultant Limited (AGICL). Under the share exchange ratio, shareholders will receive 666 equity shares of AGICL (face value Rs 10) for every 10,000 shares held in Almondz Global (face value Rs 1). The demerged business recorded revenue of Rs 2.92 Cr (4.58% of standalone turnover) in FY26. AGICL will seek separate listing on the stock exchanges post-demerger, subject to NCLT, shareholder, and regulatory approvals.
- Share entitlement ratio set at 666 AGICL shares (FV Rs 10) for every 10,000 AGSL shares (FV Rs 1)
- Demerged undertaking contributed Rs 2.92 Cr (INR 292.01 Lakhs) in turnover, representing 4.58% of standalone FY26 revenue
- Resulting entity AGICL will seek independent listing on stock exchanges post-scheme implementation
- 666 AGICL convertible warrants (issue price Rs 57.17) to be allotted for every 10,000 AGSL warrants (issue price Rs 16.58)
- Annual General Meeting fixed for September 30, 2026
Almondz Global Securities Limited (AGSL) has approved a Scheme of Arrangement to demerge its Infrastructure Advisory Business into Almondz Global Infra-Consultant Limited (AGICL), which will seek separate listing. In consideration, eligible AGSL shareholders will receive 666 equity shares of AGICL (FV ₹10) for every 10,000 shares of AGSL (FV ₹1). The demerged business recorded a turnover of ₹292.01 Lakhs (₹2.92 Cr) in FY26, representing 4.58% of standalone AGSL revenue. Post-scheme, public shareholders will hold 31.51% and promoters will hold 68.49% in AGICL.
- Demerger swap ratio set at 666 equity shares of AGICL (face value ₹10) for every 10,000 equity shares of AGSL (face value ₹1)
- Demerged division generated ₹292.01 Lakhs (₹2.92 Cr) turnover in FY25-26, accounting for 4.58% of standalone turnover
- AGICL post-demerger shareholding will stand at 68.49% promoter and 31.51% public, with listing to be sought on stock exchanges
- Warrant holders will receive 666 AGICL warrants (issue price ₹57.17) for every 10,000 AGSL warrants (issue price ₹16.58)
- Company fixed 30.09.2026 as the date for its Annual General Meeting
Almondz Global Securities reported a strong start to FY27 with standalone revenue growing 78% YoY to ₹14.22 Cr. Net profit surged nearly 4x to ₹4.81 Cr compared to ₹1.23 Cr in the same quarter last year, marking a significant recovery from the ₹2.28 Cr loss recorded in the preceding March 2026 quarter. Growth was primarily driven by the Debt and Equity market operations and a sharp 10x increase in Infrastructure consultancy fees. The company's standalone EPS improved to ₹0.29 from ₹0.07 YoY.
- Standalone Net Profit increased 291% YoY to ₹4.81 Cr from ₹1.23 Cr.
- Revenue from operations grew 78% YoY to ₹14.22 Cr, led by capital market activities.
- Infrastructure consultancy revenue surged to ₹2.83 Cr from just ₹0.27 Cr in June 2025.
- Debt and equity market operations revenue rose 96% YoY to ₹8.62 Cr.
- Standalone EPS for the quarter stood at ₹0.29 compared to ₹0.07 in the year-ago period.
Almondz Global Securities issued a corrigendum to its July 28, 2026, press release regarding Q1 FY27 results. The correction clarifies the performance of the Financial Services segment, showing revenue of ₹15.97 crore and profit of ₹6.49 crore for the quarter ended June 30, 2026. This represents a significant year-on-year increase from ₹9.20 crore revenue and ₹2.52 crore profit in Q1 FY26. The company confirmed that the actual unaudited financial results filed with the exchanges remain unchanged.
- Corrected Financial Services revenue for Q1 FY27 is ₹15.97 crore
- Corrected Financial Services profit for Q1 FY27 is ₹6.49 crore
- Previous year (Q1 FY26) segment revenue was ₹9.20 crore
- Previous year (Q1 FY26) segment profit was ₹2.52 crore
- The correction pertains only to the press release; official financial filings remain unchanged
Almondz Global Securities reported a strong Q1 FY27 with consolidated revenue of ₹44.96 crore, a 39% increase YoY. Net profit rose 81% YoY to ₹12.55 crore, driven by improved performance across financial services and infrastructure advisory. Notably, the company secured new infrastructure business worth ₹97.32 crore in the current fiscal, which is approximately 56% of its TTM revenue. Management has provided a growth guidance of 20-22% for both revenue and profitability for the full financial year.
- Consolidated PAT increased 81% YoY to ₹12.55 crore in Q1 FY27 from ₹6.93 crore in Q1 FY26.
- Infrastructure Advisory segment won new business worth ₹97.32 crore during the current financial year.
- Green Fuel JV (PGIPL) reported steady revenue of ₹179.33 crore with a profit of ₹11.41 crore.
- Management issued guidance for 20-22% growth in revenue and profitability for FY 2026-27.
- Odisha Green Fuel plant is 100% ready for commercial operations, pending an OMC procurement tender.
Financial Performance
Revenue Growth by Segment
Consultancy and Advisory fees grew to INR 127.21 Cr (85.05% of total revenue), Wealth Advisory/Broking activities contributed INR 20.29 Cr (13.57%), and Debt/Equity market operations provided INR 1.53 Cr (1.02%). Q2 FY26 consolidated revenue was INR 34.00 Cr, a 6.25% increase from INR 32.00 Cr in Q1 FY26.
Geographic Revenue Split
The company primarily operates in India, with a strategic focus on expanding into Northeast India for infrastructure advisory and renewable energy projects. Specific regional percentage splits are not disclosed.
Profitability Margins
Net Profit Margin significantly moderated to 6.34% in FY25 from 56.65% in FY24, an 88.8% YoY decline. Return on Net Worth also dropped to 1.33% from 13.07% YoY. Q2 FY26 profit was INR 3.86 Cr, down 44.3% from INR 6.93 Cr in Q1 FY26.
EBITDA Margin
Consolidated Profit Before Tax (PBT) was INR 20.27 Cr on a total income of INR 151.37 Cr, representing a PBT margin of 13.39%. Standalone PBT was INR 2.97 Cr.
Capital Expenditure
Historical and planned capital expenditure figures in INR Cr are not disclosed in the available documents.
Credit Rating & Borrowing
CARE Ratings assigned a 'Stable' outlook, noting a moderate financial risk profile. Debt-Equity Ratio increased to 0.13 in FY25 from 0.02 in FY24, indicating a 550% increase in leverage to support subsidiary operations.
Operational Drivers
Raw Materials
Primary inputs for the Green Fuel/Distillery segment (via PGIPL JV) include agricultural feedstocks such as grains and molasses for ethanol production. These represent the core cost for the distillery division.
Import Sources
Not disclosed in available documents; however, sourcing is typically domestic within India for distillery operations.
Capacity Expansion
The company is ramping up operations in subsidiary companies and expanding into new sectors like renewable/green energy advisory and social infrastructure. Specific unit capacities (MT/MW) are not disclosed.
Raw Material Costs
Not disclosed as a specific percentage of revenue, but profitability and cash generation are heavily derived from the green fuel business through Premier Green Innovations Private Limited (PGIPL).
Manufacturing Efficiency
Not disclosed; the company operates primarily in advisory and consultancy services rather than traditional manufacturing.
Strategic Growth
Growth Strategy
Growth is targeted through geographic expansion into Northeast India and sectoral diversification into social infrastructure, renewable/green energy advisory, and smart mobility. The company is also utilizing a 'Scheme of Arrangement' to restructure for sustainable corporate growth.
Products & Services
Infrastructure consultancy reports, ethanol/green fuel (via JV), stock broking services, wealth management advisory, merchant banking, and healthcare advisory services.
Brand Portfolio
Almondz, Almondz Global Securities, Almondz Global Infra, Almondz Finanz, Skiffle Advisory Services (formerly Skiffle Healthcare).
New Products/Services
Expansion into renewable/green energy advisory and smart mobility services is expected to contribute to future revenue growth.
Market Expansion
Targeting Northeast India and difficult geographies for public sector infrastructure projects.
Strategic Alliances
Key joint ventures include Premier Green Innovations Private Limited (PGI) for ethanol and the AGICL & AGSL WASH JV for infrastructure projects.
External Factors
Industry Trends
The industry is shifting toward green energy (ethanol blending) and urban renewal (smart mobility). Almondz is positioning itself as a major player in the ethanol space through its PGI joint venture.
Competitive Landscape
Competes with other financial services firms and infrastructure consultancies; specific competitor names are not listed.
Competitive Moat
Durable advantages include a 20-year track record, established government relationships, and an integrated service model (merchant banking, PMS, and research) that provides a comprehensive client value proposition.
Macro Economic Sensitivity
Highly sensitive to government infrastructure spending and macroeconomic growth which drives capital market maturation.
Consumer Behavior
Increasing demand for green fuel and professional wealth management services is driving segment growth.
Geopolitical Risks
Operations in difficult geographies (Northeast India) expose the company to local regulatory and environmental risks.
Regulatory & Governance
Industry Regulations
Operations are governed by SEBI’s Investment Adviser Regulations and Research Analyst norms, as well as Companies Act 2013 provisions for consolidated financial reporting.
Environmental Compliance
The company is heavily involved in green fuel (ethanol), aligning with national environmental goals for carbon reduction.
Taxation Policy Impact
The group reported a tax expense of INR 1.70 Cr for its associate PGIPL on a PBT of INR 23.70 Cr (approx. 7.2% effective rate). Standalone tax expense was negligible at INR 0.05 lakhs.
Legal Contingencies
Not disclosed in available documents; however, the company maintains a strong compliance culture to mitigate legal risks.
Risk Analysis
Key Uncertainties
High dependence on the infrastructure consultancy segment (85% of revenue) and the green fuel business (primary profit generator) creates concentration risk.
Geographic Concentration Risk
Revenue is concentrated in India, with a specific focus on government-led projects in difficult terrains.
Third Party Dependencies
Significant dependency on the Premier Green Innovations Private Limited (PGIPL) joint venture for consolidated profitability and cash flow.
Technology Obsolescence Risk
The company uses information technology extensively in operations to maintain a competitive edge in financial services and infrastructure advisory.
Credit & Counterparty Risk
Receivables quality is a concern due to an elongated collection period of 128 days, typical of government-linked infrastructure projects.
