Adcon Capital Services Limited - financial services in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
CIN L67120MP1994PLC008511 Incorporated 28 July 1994 ROC Gwalior HQ Indore, Madhya Pradesh, India
Active Listed - BSE: 539506 Public Limited Company financial services
Data last updated
Market Cap
₹9.72 Cr
ADCON · BSE
Share Price
₹0.50
0.00% today
Revenue
₹4.58 Cr
FY 2025-26 · +41.4% YoY
EBITDA
−₹1.02 Cr
Margin -22.3%
Net Profit
−₹2.12 Cr
FY 2025-26 · -197.3% YoY
Authorised capital
₹35 Cr
Registered with MCA
Paid-up capital
₹31.81 Cr
Issued & subscribed
Company age
32 yrs
Est. 1994

About Adcon Capital Services Limited

Data last updated:

Adcon Capital Services Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 28 July 1994 and has been in existence for over 32 years.

The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L67120MP1994PLC008511. The company has 1 GST registration on record, which is no longer active. Its shares are listed on BSE: 539506.

The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹31.81 Cr. It is led by directors including Piyush Saraf (Managing Director) and Jay Bharatkumar Shah (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 417 Chetak Centre Nx Near Hotel Shreemaya R.N.T. Marg, Indore, Madhya Pradesh, India – 452001.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹4.58 Cr, a growth of 41.4% compared to the previous year. For the same year it recorded a net loss of ₹2.12 Cr (net margin -46.3%) and EBITDA of -₹1.02 Cr (EBITDA margin -22.3%). The net worth stands at ₹30.85 Cr (down 9.3% YoY). Total assets are valued at ₹30.86 Cr (down 9.2% YoY).

The company is associated with 1 brand: Adcon. Court records list 3 cases involving the company, including 3 filed against it. The company has 108 deals on record (106 market trades, 2 rights issues); the latest was in March 2026. Its 10 peer companies in the BFSI industry (Capital Services, NBFC Investment and Credit Companies, Small Non Deposit NBFC) are compared by revenue, 5 larger and 5 smaller; the largest is Chandra Tech Build Investo Pvt. Ltd. with revenue of ₹1.68 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adconcap.com.

Company Details of Adcon Capital Services Limited
CIN L67120MP1994PLC008511
Registration Number 008511
Incorporation Date 28 July 1994
ROC Gwalior
Listing Status Listed (BSE: 539506)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

CIN History of Adcon Capital Services Limited

Adcon Capital Services has one previous CIN (Corporate Identification Number): U67120MP1994PLC008511. The current CIN is L67120MP1994PLC008511, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L67120MP1994PLC008511Current
U67120MP1994PLC008511Previous
Contact Details
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  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    417 Chetak Centre Nx Near Hotel Shreemaya R.N.T. Marg, Indore, Madhya Pradesh, India – 452001
  • Industry
    Financial Services, Investment & Credit NBFC, NBFC
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Financials, compliance, directors, charges, ownership and filings for Adcon Capital Services Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Adcon Capital Services Limited

Adcon Capital Services operates one associated brand: Adcon. Each brand links to its own profile.

BrandDescriptionWebsite
Business loans and financial services are provided to enterprises.adconcap.com

Business Activity of Adcon Capital Services Limited

The main business activity of Adcon Capital Services is financial and insurance service. In detail, this covers other financial activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
KFinancial and insurance ServiceK8Other financial activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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  • Historical classifications
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Financials of Adcon Capital Services Limited FY 2025-26 filings available

Adcon Capital Services Limited reported revenue of ₹4.58 Cr (up 41.4% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹4.58 Cr
+41.4% YoY
EBITDA
−₹1.02 Cr
-137.2% YoY
Profit After Tax
−₹2.12 Cr
-197.2% YoY
Net Worth
₹30.85 Cr
-9.3% YoY
Total Assets
₹30.86 Cr
-9.2% YoY
Total Debt
Nil

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4.583.241.680.560.690.280.26
Revenue growth+41.4%+92.9%+200.0%-18.8%+146.4%+7.7%-
EBITDA(1.02)2.740.46(0.67)0.500.130.02
EBITDA margin-22.3%+84.6%+27.4%-119.6%+72.5%+46.4%+7.7%
Profit before tax(2.84)2.740.46(0.67)0.500.130.02
Net profit(2.12)2.180.31(0.68)0.420.110.02
Net profit margin-46.3%+67.3%+18.5%-121.4%+60.9%+39.3%+7.7%
EPS (₹)(0.09)0.070.01(0.02)1.160.330.05
Balance sheet
Total assets30.8634.0032.2830.054.053.643.52
Net worth30.8534.0032.2930.044.053.643.52
Total debt0.000.000.000.000.000.000.00
Cash & bank0.240.350.120.220.680.060.05
Net working capital(26.87)(9.06)0.661.020.970.102.92
Cash flow
Cash from operations3.86(1.30)(1.66)(26.39)0.26(0.03)(0.01)
Cash from investing(3.97)1.420.05(0.70)0.360.040.01
Cash from financing0.000.121.5126.630.000.000.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1.622.210.620.820.930.840.591.29
Revenue growth (YoY)+74.2%+163.1%+5.1%-36.4%+97.9%---
Other income0.000.000.000.000.000.000.000.13
Total expenses0.885.470.020.040.060.120.150.06
EBITDA0.74(3.26)0.600.780.870.720.441.23
EBITDA margin+45.7%-147.5%+96.8%+95.1%+93.5%+85.7%+74.6%+95.3%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.680.510.410.220.000.000.00
Profit before tax0.74(3.94)0.090.370.650.720.441.36
Tax0.19(0.97)0.000.090.160.180.110.21

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 20 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1.622.210.620.820.930.840.591.29
Revenue growth (YoY)+74.2%+163.1%+5.1%-36.4%+97.9%---
Other income0.000.000.000.000.000.000.000.13
Total expenses0.885.470.020.040.060.120.150.06
EBITDA0.74(3.26)0.600.780.870.720.441.23
EBITDA margin+45.7%-147.5%+96.8%+95.1%+93.5%+85.7%+74.6%+95.3%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.680.510.410.220.000.000.00
Profit before tax0.74(3.94)0.090.370.650.720.441.36
Tax0.19(0.97)0.000.090.160.180.110.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4.583.241.680.560.690.280.26
Revenue growth+41.4%+92.9%+200.0%-18.8%+146.4%+7.7%-
Other income0.000.000.000.000.000.000.00
Total expenses5.600.501.221.230.190.150.24
Employee cost0.000.060.110.110.080.060.06
EBITDA(1.02)2.740.46(0.67)0.500.130.02
EBITDA margin-22.3%+84.6%+27.4%-119.6%+72.5%+46.4%+7.7%
Depreciation0.000.000.000.000.000.000.00
Interest1.820.000.000.000.000.000.00
Profit before tax(2.84)2.740.46(0.67)0.500.130.02
Tax(0.72)0.560.150.010.080.020.00
Net profit(2.12)2.180.31(0.68)0.420.110.02
Net profit margin-46.3%+67.3%+18.5%-121.4%+60.9%+39.3%+7.7%
EPS (₹)(0.09)0.070.01(0.02)1.160.330.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital31.8131.8131.7030.183.553.553.55
Reserves & surplus(0.96)2.190.59(0.14)0.500.09(0.03)
Shareholders' funds (net worth)30.8534.0032.2930.044.053.643.52
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.000.000.000.000.000.000.00
Total debt0.000.000.000.000.000.000.00
Total liabilities30.8634.0032.2830.054.053.643.52
Assets
Gross block0.010.010.010.010.010.010.01
Net block0.000.000.000.000.000.000.00
Capital work in progress0.000.000.000.000.000.000.00
Investments2.590.071.310.840.180.540.58
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.120.120.420.490.310.010.00
Cash & bank balances0.240.350.120.220.680.060.05
Loans & advances0.620.340.510.380.050.052.92
Total current assets0.980.811.051.091.040.122.97
Total current liabilities27.859.870.390.070.070.020.05
Net working capital(26.87)(9.06)0.661.020.970.102.92
Total assets30.8634.0032.2830.054.053.643.52
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.350.120.220.680.060.050.05
Net cash from operating activities3.86(1.30)(1.66)(26.39)0.26(0.03)(0.01)
Net cash from investing activities(3.97)1.420.05(0.70)0.360.040.01
Net cash from financing activities0.000.121.5126.630.000.000.00
Net change in cash(0.11)0.24(0.10)(0.46)0.610.010.00
Closing cash0.240.350.120.220.680.060.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+41.4%+92.9%+200.0%-18.8%+146.4%+7.7%-
EBITDA growth-137.2%+495.7%+168.7%-234.0%+284.6%+550.0%-
PBT growth-+495.7%+9998.0%-+284.6%+550.0%-66.7%
Net income growth-197.3%+603.2%+145.6%-261.9%+281.8%+450.0%-
Revenue CAGR (3Y)+101.5%+67.5%+81.7%+29.1%+42.2%-2.3%+29.4%
EBITDA CAGR (3Y)+15.0%+76.3%+52.4%-+102.7%-4.7%+26.0%
Profitability & leverage
Net income margin-46.3%+67.3%+18.5%-121.4%+60.9%+39.3%+7.7%
Return on capital employed-+8.2%+1.5%0.0%+12.7%+3.9%+0.6%
Return on net worth-+6.6%+1.0%0.0%+10.7%+3.3%+0.6%
Debt / equity-0.000.000.000.000.000.00
Long-term debt / equity-0.000.000.000.000.000.00
Interest cover-178.430.000.000.000.000.000.00
Efficiency & per share
Fixed asset turnover-324.00168.0056.0069.0028.0026.00
Inventory turnover-0.000.000.000.000.000.00
Debtors turnover-12.003.691.404.3156.000.00
EPS (₹)(0.09)0.070.01(0.02)1.160.330.05
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.001.071.021.0011.4110.249.91
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Board of Directors of Adcon Capital Services Limited

Adcon Capital Services has 5 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Piyush SarafManaging Director29 Dec 20214 Years 9 MonthsCurrent
Suman DasDirector21 Jan 20224 Years 8 MonthsCurrent
Rajeswari BangalDirector21 Jan 20224 Years 8 MonthsCurrent
Yesha Aagam ShahDirector05 Jul 20242 Years 3 MonthsCurrent
Jay Bharatkumar ShahWhole-Time Director05 Jul 20242 Years 3 MonthsCurrent

Peer Comparison of Adcon Capital Services Limited

Adcon Capital Services Limited is compared with the companies closest to it by revenue in the BFSI industry (Capital Services, NBFC Investment and Credit Companies, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Adcon Capital Services Limited this company₹4.58 Cr (FY 2026)••••••••41.4%••••Indore, Madhya Pradesh, India
Chandra Tech Build Investo Pvt. Ltd.₹1.68 Cr (FY 2025)••••••••-58.0%••••West Bengal, India
Sanchi Traders Pvt Ltd₹1.68 Cr (FY 2024)••••••••-46.0%••••Secunderabad, Telangana, India
M.R. Finlease Limited₹1.68 Cr (FY 2025)••••••••-28.0%••••Chandigarh, India
Fundamental Securities Pvt.Ltd.₹1.68 Cr (FY 2025)••••••••40.0%••••Kolkata, West Bengal, India
Prestige Finvest Pvt Ltd₹1.68 Cr (FY 2025)••••••••-7.0%••••New Delhi, Delhi, India
Sankalp Capital Private Limited₹1.68 Cr (FY 2025)••••••••17.0%••••Kota, Rajasthan, India
Durgamba Investment Private Limited₹1.68 Cr (FY 2024)••••••••44.0%••••Chennai, Tamil Nadu, India
Brightstar Fincap Private Limited₹1.68 Cr (FY 2025)••••••••30.0%••••Jaipur, Rajasthan, India
Veena Credit & Holdings Pvt.Ltd.₹1.67 Cr (FY 2024)••••••••4.0%••••Kolkata, West Bengal, India
Navdisha Real Estate Private Limited₹1.67 Cr (FY 2018)••••••••12.0%••••Kolkata, West Bengal, India

Peers are the five companies nearest above and the five nearest below Adcon Capital Services by revenue in the BFSI industry (Capital Services, NBFC Investment and Credit Companies, Small Non Deposit NBFC), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Adcon Capital Services Limited

Adcon Capital Services Limited is audited by Maheshwari & Co. for the financial year 2023.

NameStatusAppointment DateCessation Date
Maheshwari & Co.LockedLockedLocked
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Shareholding Pattern of Adcon Capital Services Limited

Shareholding for the quarter ended Mar 2026: promoters hold 0.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 100.00%.

Retail & Others: 100.00%
Mar 2026
QUARTER
100.00% Retail & Others
Public holding - history
Now 100.00% · Mar 2026High 100.00% · Jun 2025Low 100.00% · Jun 2025
99%99.3%99.5%99.8%100%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 100.00%Sep 2025: 100.00%Dec 2025: 100.00%Mar 2026: 100.00%100.00%100.00%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters0.00%0.00%0.00%0.00%
Public100.00%100.00%100.00%100.00%

Charges & Borrowings of Adcon Capital Services Limited

Adcon Capital Services Limited does not have any charges (loans) registered with the Registrar of Companies.

Deals & Funding of Adcon Capital Services Limited

Adcon Capital Services Limited has 108 deals on record (106 market trades, 2 rights issues); the latest was in March 2026.

Total deals
108
Market trades
106
Rights issues
2

Deals on record (5 of 108)

WhenDealAmountParties
Oct 2025Market trade₹1.05 CrBuyer: Gauri Nandan Traders, 3 individuals
Seller: Gauri Nandan Traders, Akarshika Traders LLP , 2 individuals
Oct 2025Market trade₹65.9 LakhBuyer: Akarshika Traders LLP , Share India Securities Limited, an individual
Seller: Share India Securities Limited, Akarshika Traders LLP , 2 individuals
Jul 2025Market trade₹16.2 LakhSeller: Mega Super Real Estate Developers (India) Private Limited
Jan 2025Market trade₹47.8 LakhBuyer: an individual
Seller: Mithun Securities Private Limited , an individual
Oct 2024Market trade₹40.1 LakhBuyer: Share India Securities Limited, MSR Versatile Ventures LLP , an individual
Seller: Share India Securities Limited, MSR Versatile Ventures LLP
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All 108 deals with amounts, valuations, instruments and every party are in the company report.

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Employees and EPFO Compliance at Adcon Capital Services Limited

Employment history and EPFO contributions of people linked to Adcon Capital Services.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Adcon Capital Services Limited

Adcon Capital Services Limited has 29 board changes on record since 1994: 17 appointments and 12 cessations. The latest: Jay Bharatkumar Shah was appointed as Whole-Time Director on 05 Jul 2024.

AGM
Adcon Capital Services Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Adcon Capital Services Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Appointed
Jay Bharatkumar Shah was appointed as Whole-Time Director.
Ceased
Shankar Lal Pansari ceased to be Director.
Appointed
Yesha Aagam Shah was appointed as Director.
Ceased
Sandeep Premkumar Jha ceased to be Director.
Ceased
Sanjaykumar Nathmal Minda ceased to be Director.
Ceased
Chetna Sanjay Minda ceased to be Director.
Appointed
Rajeswari Bangal was appointed as Director.
Appointed
Suman Das was appointed as Director.
Ceased
Manoj Kumar Saligram Mishra ceased to be Ceo(Kmp).
Ceased
Manjit Tolaram Jajoo ceased to be Director.

20 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Adcon Capital Services Limited

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MSME Payment Delays by Adcon Capital Services Limited

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Subsidiaries & Group Companies of Adcon Capital Services Limited

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GST Compliance of Adcon Capital Services Limited

Adcon Capital Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1
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MCA Filings & Documents of Adcon Capital Services Limited

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Frequently Asked Questions about Adcon Capital Services Limited

Adcon Capital Services is an active public limited company based in Indore, Madhya Pradesh, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 28 July 1994 (32+ years old) and is registered under CIN L67120MP1994PLC008511. Listed on BSE: 539506.

Adcon Capital Services reported revenue of ₹4.58 Cr for FY 2025-26 (up 41.4% YoY) based on standalone financials.

Adcon Capital Services has 5 current directors:

No. Adcon Capital Services has 1 GST registration on record and it is cancelled or inactive.

The CIN (Corporate Identification Number) of Adcon Capital Services is L67120MP1994PLC008511. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Adcon Capital Services is listed on BSE with code 539506.

Adcon Capital Services has 3 court cases on record: 3 filed against it.

Adcon Capital Services was incorporated on 28 July 1994, making it 32+ years old. It is registered with the Registrar of Companies, Gwalior.

Adcon Capital Services has 108 deals on record (106 market trades, 2 rights issues); the latest was in March 2026.

The peers of Adcon Capital Services by revenue are Chandra Tech Build Investo Pvt. Ltd, Sanchi Traders Pvt Ltd, M.R. Finlease Limited, Fundamental Securities Pvt.Ltd, Prestige Finvest Pvt Ltd and 5 more, all in the BFSI industry (Capital Services, NBFC Investment and Credit Companies, Small Non Deposit NBFC).

Jay Bharatkumar Shah was appointed as Whole-Time Director on 05 Jul 2024. Shankar Lal Pansari ceased to be Director on 05 Jul 2024. Yesha Aagam Shah was appointed as Director on 05 Jul 2024. Adcon Capital Services has 29 board changes on record in total.

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