E Factor Experiences Limited (EFACTOR)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, E Factor's revenue was ₹139 Cr (-9.2% year on year, +162.3% on the previous half-year), and net profit ₹15.0 Cr (-25.0% year on year); the operating margin was 15.1%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹139 | -9.2% | +162.3% |
| Operating profit | ₹21.0 | -19.2% | +162.5% |
| Net profit | ₹15.0 | -25.0% | +200.0% |
| EPS (₹) | 11.13 | -26.9% | +187.6% |
| Operating margin | 15.1% | — | — |
EFACTOR delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 25.0% of the EFACTOR shares traded on NSE were taken to delivery, against the stock's own 20-session average of 76.93%. That is lower than usual for this stock. Turnover was only ₹9 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 100.0% · 21.4% · 33.3% · 50.0% · 25.0%
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
E Factor Experiences Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended September 30, 2026. The certificate was issued by the company's Registrar and Share Transfer Agent (RTA), Maashitla Securities Private Limited, dated October 1, 2026. The filing confirms that all security certificates received for dematerialisation during the quarter were duly processed and cancelled within 15 days of receipt. This is a standard regulatory submission with no financial or operational impact.
- Regulation 74(5) compliance certificate submitted for the quarter ended September 30, 2026
- Issued by RTA Maashitla Securities Private Limited on October 1, 2026
- Confirms dematerialisation requests processed and depository names updated within the mandated 15 days
E Factor Experiences Limited has entered into a commercial sponsorship arrangement with DS Group valued at ₹5.00 crore. The contract grants specified branding and associated sponsorship rights in connection with the company's 'Shiva Immersive Show'. Relative to E Factor's TTM revenue of ₹363 crore, this single sponsorship represents approximately 1.4% of annual turnover. The deal is non-related party and domestic in nature.
- Entered into a sponsorship agreement valued at ₹5.00 crore with DS Group
- Pertains to branding and associated rights for 'Shiva Immersive Show'
- The transaction does not involve promoter interest and is not a related party transaction
- Contract duration is set for the period of the 'Shiva Immersive Show' as specified in the proposal
E Factor Experiences Limited has bagged a new domestic order valued at Rs 18.58 Cr from the Punjab Heritage & Tourism Promotion Board on September 24, 2026. The scope includes developing an ecotourism experience at Kanjli Wetlands in Kapurthala, Punjab, alongside operation, maintenance, and management for 5 years. Execution of the development phase is scheduled within 12 months. The contract represents approximately 5.1% of the company's TTM revenue of Rs 363 Cr and expands its annuity-oriented tourism portfolio.
- Order size of Rs 18,58,35,148 awarded by Punjab Heritage & Tourism Promotion Board
- Execution timeline set for 12 months for initial development
- Scope includes 5 years of operation, maintenance, and management
- Contract represents ~5.1% of TTM revenue of Rs 363 Cr
- Order involves non-related party domestic public entity
E Factor Experiences has issued an intimation regarding its 24th Annual General Meeting (AGM), scheduled for September 23, 2026, via Video Conferencing. The company confirmed a final dividend of ₹1.20 per equity share of ₹10 face value for FY 2025-26. The record date and cut-off date for dividend entitlement and e-voting is Wednesday, September 16, 2026. Remote e-voting will be accessible from September 19 to September 22, 2026.
- Final dividend declared at ₹1.20 per equity share of ₹10 face value
- Record date for dividend entitlement set for September 16, 2026
- 24th AGM to be held on September 23, 2026, at 12:30 PM IST via VC/OAVM
- Remote e-voting period runs from September 19 (9:00 AM) to September 22, 2026 (5:00 PM)
E Factor Experiences Limited has published its Annual Report for FY 2025-26 along with the notice for its 24th Annual General Meeting. In the MD's address, the company highlighted an opportunity pipeline exceeding Rs 500 crore for FY27, heavily weighted towards experiential infrastructure and permanent cultural destinations. The company also noted international recognition for its Shiva Immersive project and progress on museums in Wardha and Ujjain despite minor project deferments in West Asia.
- Published 24th Annual Report for FY 2025-26 under Regulation 34 of SEBI LODR
- Managing Director highlights an opportunity pipeline exceeding Rs 500 crore entering FY27
- Reported delivery of 1,000+ events across 25 countries to date
- Advancing permanent cultural assets including the Ba-Bapu 12 Balutedar Museum and Vikram Kirti Mandir Museum
E Factor Experiences Limited has issued the notice for its 24th Annual General Meeting (AGM) to be held on Wednesday, September 23, 2026, via Video Conferencing. Key ordinary business includes the adoption of FY26 standalone and consolidated financial statements and approval of a final dividend of ₹1.20 per equity share (12% of ₹10 face value). Additionally, the re-appointment of Director Mrs. Sonali Thakore, who retires by rotation, will be placed before shareholders.
- 24th AGM scheduled for September 23, 2026, at 12:30 PM IST via VC/OAVM
- Final dividend proposed at ₹1.20 per equity share of face value ₹10 each (12%) for FY26
- Adoption of Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026
- Re-appointment of Mrs. Sonali Thakore as Director retiring by rotation
E Factor Experiences Limited has issued an email communication to shareholders regarding Tax Deducted at Source (TDS) on its recommended Final Dividend of ₹1.20 per share for FY 2025-26. The company has fixed Wednesday, September 16, 2026, as the record date for determining shareholder entitlement. Shareholders seeking lower or nil tax deduction must submit applicable tax exemption forms and documents by September 18, 2026. If approved at the upcoming AGM, the dividend will be disbursed within 30 days of declaration.
- Recommended final dividend of ₹1.20 per share for FY 2025-26
- Record date fixed as Wednesday, September 16, 2026
- Deadline for tax exemption document submissions is September 18, 2026
- Standard resident individual TDS rate is 10% (for dividend income > ₹10,000) with PAN, or 20% without valid PAN
E Factor Experiences Limited has announced Wednesday, September 16, 2026, as the record date to determine shareholder eligibility for final dividend and voting at the 24th Annual General Meeting (AGM). The company's Register of Members and Share Transfer Books will be closed from September 17, 2026, to September 23, 2026. The 24th AGM is scheduled to be held on Wednesday, September 23, 2026. The dividend payout is subject to shareholder approval at the upcoming AGM.
- Record date set for Wednesday, September 16, 2026, to determine dividend entitlement and voting rights
- Share transfer books closed from September 17, 2026, to September 23, 2026 (both days inclusive)
- 24th Annual General Meeting scheduled for Wednesday, September 23, 2026
E Factor Experiences Limited has fixed Wednesday, September 16, 2026, as the record date to determine shareholder eligibility for its final dividend, subject to approval at the 24th Annual General Meeting (AGM). The Register of Members and Share Transfer Books will be closed from September 17, 2026, to September 23, 2026. The 24th AGM is scheduled to take place on Wednesday, September 23, 2026. The final dividend was previously recommended by the Board of Directors at their meeting on May 26, 2026.
- Record date for dividend entitlement and AGM voting fixed as September 16, 2026
- Share transfer books closed from September 17, 2026, to September 23, 2026
- 24th Annual General Meeting scheduled for September 23, 2026
- Dividend payout is subject to shareholder approval at the upcoming 24th AGM
E Factor Experiences Limited has announced its 24th Annual General Meeting (AGM) will be held on September 23, 2026. The Board fixed September 16, 2026, as the record date for shareholder eligibility for the final dividend of ₹1.20 per equity share (face value ₹10) for FY 2025-26. The share transfer books will remain closed from September 17 to September 23, 2026. The dividend was previously recommended at the board meeting on May 26, 2026.
- Final dividend of ₹1.20 per equity share (face value ₹10) for FY 2025-26
- Record date set as Wednesday, September 16, 2026
- 24th AGM scheduled for Wednesday, September 23, 2026
- Book closure from September 17, 2026 to September 23, 2026
Financial Performance
Revenue Growth by Segment
Total revenue grew 189.96% YoY to INR 52.6 Cr in H1 FY26. While specific percentage splits per segment were not disclosed, growth was driven by experiential events, tourism projects, and turnkey assignments.
Geographic Revenue Split
Not disclosed in available documents. The company mentioned expanding into 'newer geographies' and strengthening partnerships with 'various state tourism boards'.
Profitability Margins
EBITDA margin improved to 14.71% in H1 FY26 from 2.81% in H1 FY25. PAT margin rose to 9.62% from 1.39% YoY. This improvement is attributed to operational efficiencies and a shift towards higher-margin permanent installations.
EBITDA Margin
14.71% in H1 FY26, a significant increase from 2.81% in H1 FY25, reflecting the scale and consistency of execution across marquee projects.
Capital Expenditure
Not disclosed in available documents. However, Net Worth increased from INR 50.43 Cr in FY24 to INR 70.79 Cr in FY25, and further to INR 76.16 Cr in H1 FY26, reflecting retained earnings and capital strength.
Credit Rating & Borrowing
Not disclosed in available documents. Current borrowings stood at INR 20.01 Cr in H1 FY26, up from INR 13.84 Cr in FY25, to support the execution of an order book exceeding INR 125 Cr.
Operational Drivers
Raw Materials
Event infrastructure (stages, tents, lighting), technical equipment, and specialized manpower services. These constitute the primary costs for experiential events and tourism projects.
Key Suppliers
Not disclosed in available documents. The company utilizes an 'experienced supply chain' to support execution.
Capacity Expansion
Current capacity is managed by multiple teams with 10-20 years of experience. The company is targeting a revenue of INR 250 Cr for FY26, which is a 45.7% increase over FY25 revenue of INR 171.55 Cr.
Raw Material Costs
Other expenses (direct project costs) were INR 44.86 Cr in H1 FY26, representing 85.2% of revenue. This is an increase from INR 17.63 Cr in H1 FY25, tracking the 189.96% revenue growth.
Manufacturing Efficiency
Not applicable for a service-based experiential company. Efficiency is measured by the ability to execute multiple marquee projects simultaneously using established teams.
Strategic Growth
Expected Growth Rate
30-40%
Growth Strategy
Growth will be achieved by executing a confirmed order book of over INR 125 Cr and targeting a total revenue of INR 250 Cr for FY26 (45.7% growth over FY25). The strategy involves deepening partnerships with state tourism boards, expanding into cultural infrastructure, and securing permanent installations that provide annuity-based recurring revenue.
Products & Services
Experiential events, destination management, storytelling, tourism projects, and permanent experiential installations.
Brand Portfolio
E-Factor
New Products/Services
Permanent experiential installations and annuity-based projects. These are expected to contribute to a more stable revenue flow, though specific % contribution was not disclosed.
Market Expansion
Expanding into newer geographies and cultural segments. The company aims for 30-40% growth in FY27 by leveraging these new markets.
Market Share & Ranking
Not disclosed in available documents. The company identifies as one of India's leading experience design and destination management companies.
Strategic Alliances
Long-term partnerships with various state tourism boards for destination management and cultural projects.
External Factors
Industry Trends
The industry is shifting towards permanent cultural infrastructure and installations that offer longevity and annuity-based revenue. This evolution helps companies move away from purely seasonal event-based models to more stable, year-round operations.
Competitive Moat
Durable advantage through a 24-year track record (est. 2001) and specialized storytelling expertise. This moat is sustainable because marquee government projects require a high level of trust and proven execution capability, which the company possesses.
Macro Economic Sensitivity
Highly sensitive to government spending on tourism and cultural infrastructure. A 10% shift in state tourism budgets could significantly impact the project pipeline.
Consumer Behavior
Growing demand for experiential storytelling and destination-based cultural experiences among the public and government bodies.
Regulatory & Governance
Industry Regulations
Tourism ecosystem policies and government project formatting. Changes in how the government structures annuity-based projects will impact the longevity and financial structuring of permanent installations.
Taxation Policy Impact
Effective tax rate of approximately 24.6% based on H1 FY26 tax expense of INR 1.65 Cr on PBT of INR 6.71 Cr.
Legal Contingencies
Postal Ballot for the appointment of Mrs. Sonali Thakore as Whole Time Director (Ordinary Resolution). No pending court cases or values in INR Cr were disclosed in the available documents.
Risk Analysis
Key Uncertainties
Key business risks include the seasonality of the business (H2 skew) and potential regulatory changes in the tourism sector. These could impact the achievement of the INR 250 Cr revenue target for FY26.
Third Party Dependencies
Dependency on an experienced supply chain for event setup and execution. This represents a significant portion of the INR 44.86 Cr in other expenses.
Credit & Counterparty Risk
Trade payables decreased to INR 25.77 Cr in H1 FY26 from INR 51.05 Cr in FY25, indicating healthy working capital management.
