At a Glance

This agri-commodity trader quietly clocked ₹200+ Cr in revenue in FY25 with consistent profits, 50% ROCE, and a 213% CAGR in earnings over 5 years. And now, it’s acquiring 84.4% of CoOptions Corporation Pvt Ltd, with a bonus issue and fundraise in the mix. Oh, and promoter holding? Just 8.3% — you read that right.

1. 🌾 Introduction with Hook

In a world of shady SME IT companies with websites last updated in 2009, here comes Globe Commercials — a small, profitable agri-trader that just acquired a massive fintech NBFC named CCPL.

It sells pulses, corn, cereals… and now, maybe loans?

2. 🛒 WTF Do They Even Do?

Globe’s core business was simple:

• Trading agricultural produce like:
  • Pulses
  • Corn
  • Wheat
  • Cereals
• Recently also providing e-commerce support for agri-goods.

But the plot thickened in FY25:

• They approved a takeover of CoOptions Corporation Pvt Ltd (CCPL), an NBFC.
• Issued 20.79 Cr shares via preferential issue for the acquisition.
• Total outstanding equity has now ballooned — details still emerging.

3. 📈 Financials Overview – Profit, Margins, ROE, Growth

📌 Consistent revenue, improving margins, and strong returns — rare combo for a company under ₹25 Cr market cap.

4. 🔢 Valuation – Is It Cheap, Meh, or Crack?

• CMP: ₹35.4
• Market Cap: ₹21.3 Cr
• P/E: 3.5x 🤯
• Book Value: ₹30.8 → P/B = 1.15x

For a 50% ROCE + growing profits + low float stock, this is dirt cheap… unless the acquisition goes sideways.

5. 🧠 What’s Cooking – News, Triggers, Drama

🧨 Major Updates:

• March 2025: Board approved 84.4% acquisition of CoOptions Corporation Pvt Ltd (CCPL).
• April 2025: EGM approved:
  • ₹20.79 Cr worth of shares to fund CCPL buy.
  • Increase in authorised capital.
  • Borrowing powers enhanced.
• Jan 2023: Bonus issue (1:1) — doubled retail base.

🎯 Big Bet: They’re shifting from just agri-trading to something bigger — possibly fintech + B2B?

6. 🧾 Balance Sheet – How Much Debt, How Many Dreams?

🧼 Clean, small balance sheet — but now ballooning post-acquisition.

7. 💵 Cash Flow – Sab Number Game Hai

• No material capex
• Minimal operating cash flow (+ve in FY25)
• Almost no debt movement
• Total capex or asset creation = zero so far

The business ran like a high-margin trader… until now.

8. 📐 Ratios – Sexy or Stressy?

Everything looks surprisingly solid — but it all depends on the quality of CCPL.

9. 📊 P&L Breakdown – Show Me the Money

Clear growth across the board, profit nearly tripled YoY.

10. 🤺 Peer Comparison – Who Else in the Game?

💥 Mic drop — Globe is delivering peer-beating metrics at 1/100th the valuation.

11. 📋 Miscellaneous – Shareholding, Promoters, Weird Stuff

• Promoter Holding: 8.33% 😱
  • Extremely low — might indicate dilution or lack of control
• Public Holding: 91.67%
• Retail shareholder count: ↑ from 900 → 5,900+ in 1 year
• Bonus issue in Jan 2023
• Big risk: Future equity dilution post-CCPL deal

12. 📦 EduInvesting Verdict™

“From dals to debentures, this microcap is moonwalking its way through business models.”

Pros:
✅ Profitable
✅ Growing at 25%+
✅ Low P/E
✅ Debt-free
✅ Now acquiring a fintech NBFC

Cons:
❌ Low promoter holding
❌ No fixed assets = no collateral
❌ Sudden expansion = execution risk
❌ Limited info on CCPL

13. 🧮 Fair Value Estimate (Speculative)

Assuming FY25 EPS = ₹10, and 10–15x sustainable P/E for stable trading biz + fintech angle:

🧮 EduInvesting FV Range: ₹48 – ₹120, depending on whether CCPL is a real fintech gem or a pumpkin in disguise.

✍️ Written by Prashant | 📅 9 July 2025
Tags: Globe Commercials, CCPL Acquisition, Microcap Stocks, Agri Trading, NBFC, Low PE Stocks, Hidden Gems, EduInvesting