1. At a Glance
If you thought Web3 was just memes and NFT profile pictures, String Metaverse Ltd (BSE: 534535) is here to prove you spectacularly wrong—or wonderfully right, depending on your tolerance for digital chaos. Sitting at a market cap of ₹2,969 Cr and trading at ₹255, this Web3 juggernaut just delivered a quarterly sales spurt of ₹232 Cr (up 165% YoY!) and PAT of ₹21.64 Cr (+217% YoY). EPS clocks in at ₹4.58, and the ROE is a respectable 25.8%. The stock’s been doing its own rollercoaster ride: a 6-month return of 63.4%, 1-year insane return of 1,165%, and trading at 11.7 times book value.
Debt? Practically zero. Dividend? Don’t hold your breath. P/E? 47.5, making traditional analysts weep quietly. Promoter holding is 81.8%, locked in for 2 years post-merger, and liquidity flows like a Metaverse river.
In short: String Metaverse is basically a digital amusement park on steroids with AI agents, blockchain games, and global ambitions, and yes, the rollercoaster has just left the station.
2. Introduction
Imagine a company that says: “We’ll do Web3, blockchain gaming, AI poker, digital asset liquidity, and still have time to run a Web3 browser.” That’s String Metaverse for you. Formerly Bio Green Papers Ltd, incorporated in 1994, the company has pivoted from conventional software development to full-blown Metaverse domination.
Q2 FY26 results are in, and the numbers scream, “We mean business.” ₹232 Cr in sales, ₹21.64 Cr in PAT, and operating margins holding at 10–11% despite hypergrowth. For investors, it’s like watching Iron Man juggling cryptocurrencies while riding a unicycle—thrilling, confusing, and slightly terrifying.
The company has global offices in Hong Kong and UAE, licenses for AI, blockchain nodes, proprietary trading, and eSports tournaments. If you blinked, you might miss a new subsidiary, an AI project, or a blockchain game. Did we mention IdleMine already has over 7.10 lac active users and String Games 11+ lac? The scale-up is real.
So, if you’re into Web3, AI, and gaming, and have a mild addiction to high-growth stocks, buckle up. String Metaverse is here to redefine “digital chaos” in your portfolio.
3. Business Model – WTF Do They Even Do?
Let’s break it down for lazy investors:
- Gaming + Blockchain: IdleMine, String Games, Arc8, String Poker, and Rummy. Some are Telegram-based, some on-chain. All designed to make you learn blockchain while spending hours.
- AI Agents: Poker and Rummy powered by AI agents. If your last chess game with AI made you feel stupid, imagine poker.
- Web3 Financial Services: Liquidity & Market Making for digital assets. Essentially, they’re the party planners for crypto cash flows.
- eSports & Communities: Competitive gaming meets digital community management. Think of it as Clubhouse, but everyone’s wearing VR helmets.
- Miscellaneous: Bills on Chain lets you upload bills and earn digital assets. String Browser is an AI-powered Web3 browsing experience. IdlePrice gamifies pricing. Mid
