Likhami Consulting Ltd Q2 FY26 – Consultancy Chalu Hai, P/E Rocket Pe Hai, ROE Neend Mein Hai
1. At a Glance
Welcome to Likhami Consulting Ltd, where the P/E ratio is 1127 and the ROE is 0.63%. Basically, the stock is running like Usain Bolt while the business jogs like your retired uncle after lunch. With a market cap of ₹327 crore, a current price of ₹328, and an EPS of ₹0.29, this company is a living meme of the Indian small-cap world — valuation ka Everest aur performance ka footpath.
The firm’s Q2 FY26 (September 2025) numbers are out, and they’re as spicy as a veg thali with just one papad: sales ₹0.15 crore (up 25% QoQ) and PAT ₹0.04 crore (up 33% QoQ). ROCE and ROE are both under 1%, meaning the returns are so low, they might need binoculars to see profitability.
And just to make things interesting, the company also had a leadership reshuffle worthy of a Netflix drama — CEO resigned, new CEO appointed, postal ballots flying around like confetti. Still, the balance sheet looks cleaner than a monk’s tax file — debt-free, steady reserves, and zero borrowings.
Now tell me, dear reader — have you ever seen a ₹327 crore company make ₹0.73 crore in revenue? Welcome to the Indian microcap circus, featuring Likhami Consulting Ltd!
2. Introduction
Likhami Consulting Ltd, born in 2012, started off with dreams of consulting greatness — financial, business, research, and technical — but the numbers suggest it’s more like a philosophical consultancy: plenty of vision, little execution.
Over the years, the company has mastered the art of survival with tiny revenues and large valuations. It’s like a café that sells one coffee a day but has a Michelin star. While they boast a buffet of services — from NGO consulting and feasibility studies to mergers, acquisitions, and branding — one can’t help but wonder: who exactly are they consulting?
Their recent move of registered office from West Bengal to Maharashtra could either be a geographical diversification or a metaphorical “ghar badal liya, business wahi ka wahi.”
Financially, Likhami is debt-free — a solid plus. But with P/E over 1100 and sales growth of 10.6%, it’s like buying a ₹10 samosa for ₹1100 because the vendor said, “limited edition hai.”
Still, the charm of this firm lies in its persistence. Despite low returns, it remains steady, compliant, and drama-filled (GST notices, CEO changes, price rigging reports — sab kuch hai). A true Bollywood-style corporate saga.
3. Business Model – WTF Do They Even Do?
So, what does Likhami Consulting actually consult about? Everything under the sun — if you can name it, they’ll claim it.
They do project consultancy (planning), financial consultancy (budgeting and forecasting), business consultancy (restructuring and M&A), and research consultancy (industry analysis, disruptive technologies, global trends). It’s like an all-you-can-eat buffet of consultancy, except you leave hungry.
Their client base isn’t publicly detailed, but given the numbers, it seems they operate in niche assignments rather than large-scale contracts. Perhaps they focus on small business advisory and project feasibility reports — the kind where the PowerPoint deck weighs more than the project itself.
On the financial side, they offer loan syndication and business valuation services, suggesting they often deal with SMEs or startups seeking structured funding.
Their research vertical promises analysis on mega trends and emerging markets — maybe that’s where they spotted their own share price’s mega trend toward the stratosphere.
To sum it up, Likhami’s business model is like a Swiss army knife — theoretically versatile, but practically used for opening bottles and filing nails.
