Action Financial Services (India) L (Delisted) share price

BSE: 511706Capital Markets

Face value ₹10 · Listed Mar 1995

Last traded ₹3.19 on 13 Dec 2021

Delisted on 26 Aug 2024.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

  1. Nov 2020

  2. Oct 2020

  3. Sep 2020

Share price history

Daily closes since May 2007, adjusted for splits and bonuses. Earlier closes are left out: on 22 May 2007 the price changed in a way no corporate action on record explains.

Daily close, ₹ per share

Q3 results, quarter to Dec 2019

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹1.04 Cr−1.6% on a year ago
Operating profit
₹0.35 Cr
Net profit
₹0.35 Cr+307.7% on a year ago
Earnings per share
₹0.28+300.0% on a year ago
Operating margin
33.7%
Net margin
34.0%

From revenue to net profit, ₹ crore

  1. Revenue1.0
  2. Employee costs−0.3
  3. Other expenses−0.4
  4. Operating profit0.3
  5. Depreciation0.0
  6. Other income+0.4
  7. Finance costs−0.2
  8. Profit before tax0.5
  9. Tax−0.2
  10. Net profit0.4

Action Financial Services (India) L results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2019. Results for the quarter to Mar 2020 were due by 30 May 2020, 60 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
0.80.0Mar 170.80.3Jun 170.80.5Sep 171.23.7Dec 170.60.0Mar 181.10.0Jun 181.10.1Sep 181.10.1Dec 180.80.0Mar 190.6−1.8Jun 190.4−1.1Sep 191.00.4Dec 19
Peak revenue ₹1.23 Cr, quarter to Dec 2017; lowest ₹0.40 Cr, quarter to Sep 2019Back to profit in the quarter to Dec 2019, ₹0.35 Cr

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
299.9%−446.3%−5.5%−21.7%−27.1%27.8%−36.9%−446.3%−413.8%33.7%1.3%41.4%59.9%299.9%5.8%2.0%7.0%8.2%0.4%−293.5%−264.0%34.0%Mar 17Sep 17Mar 18Sep 18Mar 19Sep 19Dec 19
₹ croreMar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Filed 13 FebMar 2019Jun 2019Q1Sep 2019Dec 2019Q3
Revenue from operations0.570.490.380.41–0.830.880.890.840.830.761.230.641.111.101.050.770.630.401.04
––––––––0.891.010.960.890.88––––3.412.060.69
Materials and goods bought–––––––––––––0.000.000.000.000.000.000.00
Employee costs––––––––0.420.310.340.330.56––––––0.28
Other expenses––––––––0.460.700.630.560.32––––––0.40
Operating profit before depreciation––––––––−0.05−0.18−0.210.34−0.24––––−2.79−1.660.35
Operating margin––––––––−5.5%−21.7%−27.1%27.8%−36.9%––––−446.3%−413.8%33.7%
Depreciation and amortisation––––––––0.200.100.090.070.10––––0.020.020.02
Other income0.890.390.270.59–0.090.090.080.381.151.395.300.780.100.190.120.140.490.430.37
Finance costs0.090.120.130.11–0.140.150.140.220.230.220.260.260.190.220.190.200.270.210.20
Profit before one-off items and tax0.43−0.14−0.120.01–0.020.030.12−0.100.640.885.310.180.020.080.09−0.01−2.59−1.460.50
One-off items–––––––−0.27–––––––––0.000.000.00
Profit before tax0.43−0.14−0.120.01–0.020.03−0.15−0.100.640.885.310.180.020.080.09−0.01−2.59−1.460.50
0.08–––––––−0.110.290.421.630.140.000.000.00−0.01−0.75−0.400.15
Tax rate17.4%––––––––46.0%48.2%30.7%79.3%0.0%0.0%0.0%–––30.0%
Net profit0.36−0.14−0.120.01–0.020.03−0.150.010.340.453.680.040.020.080.090.00−1.83−1.060.35
Other comprehensive income–––––––––––––––––0.180.000.00
Total comprehensive income–––––––––––––––––−1.65−1.060.35
Net margin63.0%−28.5%−32.5%3.4%–2.6%3.1%−16.6%1.3%41.4%59.9%299.9%5.8%2.0%7.0%8.2%0.4%−293.5%−264.0%34.0%
Earnings per share–−₹0.01−₹0.01₹0.01–₹0.02₹0.02–₹0.01₹0.27₹0.34₹2.94₹0.03–₹0.06₹0.07₹0.00−₹1.47−₹0.85₹0.28
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarter to Mar 2016.

The quarter to Jun 2018 was restated in the company's filing of 22 Nov 2018. The table shows the restated figures.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
2.00.1Mar 102.00.1Mar 114.90.0Mar 124.80.1Mar 134.20.1Mar 142.60.2Mar 15Mar 163.4−0.1Mar 173.5−0.7Mar 184.00.24.8Mar 19
Back to profit in the year to Mar 2019, ₹0.19 CrA loss in 3 of the 9 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
8.5%−24.0%−24.0%−2.5%5.3%6.5%−8.2%4.3%5.9%−0.7%2.3%1.4%8.5%−2.6%−21.0%4.7%Mar 10Mar 12Mar 14Mar 16Mar 18Mar 19

The years either side of a change of basis do not compare. From the year to Mar 2012, the company's revenue for that year, ₹4.93 Cr, differs from its quarters added, ₹1.44 Cr.

Results for the year to Mar 2019

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue4.0
  2. Other income+0.5
  3. Finance costs−0.8
  4. Profit before tax0.2
  5. Tax0.0
  6. Net profit0.2

What the company owns

  • Inventory₹19 Cr
  • Plant, investments and other assets₹13 Cr
  • Receivables₹3 Cr
  • Cash and bank₹2 Cr

What pays for it: net worth and liabilities

  • Net worth₹26 Cr
  • Other liabilities₹7 Cr
  • Borrowings₹5 Cr

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the year to Mar 2016. The last column is the twelve months to Dec 2019, the latest four quarters added.

₹ croreMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Dec 2019Twelve months
Revenue from operations1.972.014.934.844.182.60–3.443.454.032.83
2.442.06––3.96––3.223.74––
Materials and goods bought–––––––––0.000.00
Employee costs0.670.87––1.42––1.321.53––
Other expenses1.771.19––2.53––1.902.20––
Operating profit before depreciation−0.47−0.05––0.22––0.22−0.28––
Operating margin−24.0%−2.5%––5.3%––6.5%−8.2%––
Employee costs, % of revenue34.0%43.3%––34.1%––38.3%44.4%––
Other expenses, % of revenue90.0%59.1%––60.6%––55.2%63.8%––
Depreciation and amortisation0.220.25––0.38––0.400.36––
Operating profit after depreciation−0.69−0.30––−0.16––−0.18−0.64––
Other income1.501.080.161.230.191.10–0.640.950.551.44
Finance costs0.730.660.660.660.640.51–0.650.890.800.89
Profit before one-off items and tax0.090.120.010.38−0.61−0.27–−0.20−0.580.18−3.55
One-off items––––0.640.57–––––
Profit before tax0.090.120.010.380.030.30–−0.20−0.580.18−3.55
––0.050.27−0.030.08–−0.110.14−0.01−1.01
Net profit0.090.12−0.040.110.060.22–−0.09−0.720.19−2.54
Net margin4.3%5.9%−0.7%2.3%1.4%8.5%–−2.6%−21.0%4.7%−89.7%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2010, Mar 2011, Mar 2014, Mar 2017 and Mar 2018 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2012, Mar 2013, Mar 2015 and Mar 2019: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019
25.5
Share capital13.3
Reserves12.2
4.8
10.2
1.4
Total assets37.1
10.8
26.3
Net debt2.4
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Earnings per share₹0.10₹0.12−₹0.12₹0.03–––−₹0.14−₹0.58₹0.15
Diluted earnings per share₹0.10₹0.12−₹0.12₹0.02–––−₹0.14−₹0.58₹0.15
Book value per share–––––––––₹20.42
Market cap at the year end (₹ crore)17.941.9–––––––10.9

Ratios

Standalone, years to March.

RatioMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue growth6.4%1.9%–−1.8%−13.7%−37.8%––0.3%16.7%
Net profit growth–40.0%––−45.9%268.3%––––
Earnings per share growth–20.0%––––––––
Return on equity–––––––––0.7%
Debt to equity–––––––––0.19
Receivable days–––––––––255
Working capital days–––––––––1,671
Asset turnover–––––––––0.11
Assets per rupee of net worth–––––––––1.45
Sales per rupee of plant–––––––––6.83
Interest cover is left blank for the years to Mar 2010, Mar 2011, Mar 2014, Mar 2017 and Mar 2018: operating profit after depreciation is a loss, and a loss covers no interest bill. Revenue growth is left blank for the year to Mar 2012: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2019.

Return on assets, latest year
0.5%
Measure10 years5 years3 years
Revenue growth, yearly rate–−0.7%–
Profit growth, yearly rate–25.7%–
Operating margin, average––−0.9%
Net margin, average0.3%−2.6%−6.3%

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Effective tax ratePublished threshold 17.16 per cent350.0070.71−93.5525.25––––
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2019 the company reports one business segment, Stock Broking and Related Activities, which carries all its revenue.

Action Financial Services (India) L share price by year

Each calendar year to 2021.

YearClose at year endChangeHighest closeLowest close
20213.19−40.9%5.753.19
20205.40−33.9%8.175.20
20198.17+12.7%9.347.38
20187.25−19.5%9.197.25
20179.01+45.3%11.956.32
20166.200.0%6.446.08
20156.20−41.7%10.766.16
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2019 is from its first session, 11 Feb 2019. 2017 is from its first session, 1 Feb 2017. 2016 is from its first session, 3 Feb 2016. The close is the year's last trade for 2021 (13 Dec 2021), 2019 (19 Dec 2019), 2018 (24 Oct 2018), 2016 (27 Oct 2016) and 2015 (2 Dec 2015).

Recent sessions

The 10 trading days to 13 Dec 2021, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
13 Dec 20213.253.253.193.193.20937
6 Dec 20213.313.313.253.253.256,236
29 Nov 20213.373.373.313.313.32825
2 Aug 20213.313.313.313.313.313,534
26 Jul 20213.433.433.373.373.371,928
19 Jul 20213.433.433.433.433.437,429
12 Jul 20213.503.503.503.503.50405
5 Jul 20213.573.573.573.573.572,549
28 Jun 20213.663.663.643.643.6410,627
21 Jun 20213.853.853.713.713.711,278
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
22 May 2007Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.
Where an event has no factor that can be worked out, the chart leaves out the closes before it.

Company details

BSE code
511706
ISIN
INE357A01032
Industry
Capital Markets
CIN
L65944MH1992PLC068879
Corporate identity number, the registrar of companies' code for it
Incorporated
1992
Registered office
Rajgir Chambers, 46 & 47, 6th floor, 12/14, Shahid Bhagatsingh Road, Opp. Old Custom House, Fort, Mumbai 400023, Maharashtra
Share registrar
Link Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments