1. At a Glance
Likhami Consulting posted Q1 FY26 numbers that look more like a freelancer’s bank statement: Revenue ₹14.77 lakh, Net Profit ₹1.38 lakh. Yet, the market cap is a spicy ₹301 Cr with a P/E of 1077x. If valuations were movies, this one’s a Bollywood masala with no plot.
2. Introduction
Imagine a consultancy that does everything – from branding to M&A – but barely earns enough to buy a decent coffee machine. That’s Likhami. Stock is trading at ₹303, but the financials are whispering, “Who’s buying this story?”
3. Business Model – WTF Do They Even Do?
They promise to consult on:
- Projects: Feasibility, reports, branding.
- Finance: Loan syndication, valuations.
- Business: Restructuring, spin-offs, liquidation.
- Research: Mega trends, disruptive tech.
Basically, if it can be PowerPointed, they’ll do it.
