1. At a Glance
What happens when a once-forgotten leasing company decides it’s now the next-gen AI + esports empire? You getColab Platforms Ltd, a ₹4,092 crore market cap comet that went from ₹0.18 crore sales in 2022 to ₹41.39 crore this quarter. That’s not growth — that’s reincarnation. Current price? ₹201. Stock P/E? A godly882— that’s higher than enlightenment level, not valuation level.
In theBhagavad Gita, Krishna says,“Change is the law of the universe.”Clearly, Colab took that literally — changing its name, its business, and even its destiny. With 12.4% ROE and zero debt, this IT-meets-gaming-meets-AI drama has everything but calm. The last three months? +173% return. One year? +2,758%. The market loves madness — and Colab’s delivering it with style.
So buckle up: we’re diving into the wild world of a company that was once calledJSG Leasing, now selling dreams of AI drones, esports, and predictive gaming.
2. Introduction
If there were a Bollywood remake ofThe Wolf of Wall Street, Colab Platforms might have financed it — or starred in it. What began in 1989 as a sleepy leasing outfit now calls itself an “AI-driven cloud innovation company.” Translation: they sell, trade, code, and occasionally announce MoUs that sound like sci-fi sequels.
In just three years, the company’s revenue jumped from ₹2 crore (FY23) to ₹106 crore (FY25). Profit followed the script, up from ₹0.95 crore to ₹4.64 crore. Those numbers look small, until you realize the stock has multiplied 28 times in a year — because who needs profits when you havepotential?
In 2025, they announced partnerships forAI drones,predictive gaming, and a₹250 million esports accelerator. Somewhere between all this, they also found time to report a 7,625% YoY revenue surge this quarter. That’s not “growth,” that’s a financialmiracle.
But hey, miracles are marketable. And in today’s India, every second small-cap wants to be the next “tech disruptor.” Colab just decided to play it loud — with AI, esports, and a ₹4,000 crore valuation shouting in harmony.
3. Business Model – WTF Do They Even Do?
Let’s decode this.
Colab Platforms claims to operate acrossIT hardware, software job-work, cloud services, andtrading of shares & securities. That’s basically “we do everything that fits on a balance sheet.” But recently, they’ve started morphing into a full-blowntech-hype engine, branching into futuristic buzzwords like:
- AI-powered search engines(launched Nov 2025)
- Esports & sports-tech acceleratorworth ₹250 million
- Non-binding MoU with RRP Dronesto build “AI autonomous drone ecosystems”
- Term sheet to acquire 51% in Indiaoneonline– because why not add fintech to the chaos?
It’s like watching a buffet of business models. You have IT job-work on one end, AI drones on the other, and esports in between.
At its core, the company earns revenue through a mix ofservice sales (~67%),interest income (~26%), andother income (~7%)— as per FY22 breakdown. But post-2023, the mix tilted heavily toward tech-enabled services, creating the illusion of a “cloud-first” operation.
Basically, Colab Platforms is that overenthusiastic kid who signed up for every school competition — and somehow won
half of them by confidence alone.
4. Financials Overview
| Metric | Latest Qtr (Sep’25) | YoY Qtr (Sep’24) | Prev Qtr (Jun’25) | YoY % | QoQ % |
|---|---|---|---|---|---|
| Revenue | ₹41.39 Cr | ₹0.54 Cr | ₹21.79 Cr | +7,625% | +90% |
| EBITDA | ₹0.31 Cr | ₹0.54 Cr | -₹0.06 Cr | -43% | NA |
| PAT | ₹1.55 Cr | ₹0.02 Cr | ₹1.20 Cr | +7,650% | +31% |
| EPS (₹) | 0.08 | 0.00 | 0.06 | +7,900% | +33% |
Annualised EPS ≈ ₹0.32.At ₹201 stock price → P/E = 628x (let’s just say “not meaningful” without laughing).
Commentary:This is like seeing a ₹10 tuition student suddenly top the IIT exam. The sales jump defies logic, the PAT jump breaks physics, and yet — investors are clapping. The P/E multiple suggests the market expects Colab to become Infosys, Tesla, and Disney combined.
5. Valuation Discussion – Fair Value Range Only
Let’s try to calculate without fainting.
Method 1: P/E MethodAnnualised EPS = ₹0.32Industry P/E = 31.7→Fair Value Range = ₹10 – ₹13(if it were valued like peers)
Method 2: EV/EBITDA MethodEV = ₹4,088 CrEBITDA (FY25) ≈ ₹4 CrEV/EBITDA =1,022x(Yes, triple digits again!)If valued at sector median ~20x →Fair Value = ₹80 Cr EV → ₹4 per share
Method 3: DCF (Highly Hypothetical)Even assuming 50% CAGR for 5 years and 12% WACC, fair range = ₹20–₹30 per share.
👉 Fair Value Range (Educational): ₹4 – ₹30
📜Disclaimer:This fair value range is for educational purposes only and is not investment advice.
6. What’s Cooking – News, Triggers, Drama
If you enjoy company announcements that sound like movie trailers, Colab’s feed is pure entertainment.
- Nov 2025:Q2FY26 revenue ₹4,139 lakh (+7,625% YoY), PAT ₹155 lakh.
- Sep 2025:Signed MoU withRRP Dronesfor AI drone development. Expect “autonomous delivery” buzzwords soon.
- Sep 2025:Term sheet to acquire51% stake in Indiaoneonline Synergies— fintech twist incoming.
- Jun 2025:EnteredEsports arenawith ₹250 million accelerator — targeting India’s ₹1,100 crore gaming market.
- Apr 2025:Incorporated asports-science subsidiaryto
