1. At a Glance
Once a humble trading firm, now a publicly listed enigma. No sales. No operating profit. A P&L that survives off “Other Income.” And yet—trading at 0.31x Book Value. Welcome to India’s most mysterious ₹13 Cr company.
2. Introduction with Hook
Imagine a dhobi with a branded ironing board, but no clothes to press. That’s S.V. Trading & Agencies Ltd.
- Stock price: ₹7.71
- Book value: ₹24.8
- Annual Sales: ₹0.00
- Profits? Thanks to the magic of “Other Income.”
You don’t see this every day. Unless, of course, you have a front-row seat to the BSE’s under-₹10 comedy show.
3. Business Model (WTF Do They Even Do?)
S.V. Trading claims to engage in:
- General Trading & Merchandise
- Exports, imports, speculation, and distribution
- Agencies & Brokerage
- Acting as brokers, agents, and “representatives” for unspecified manufacturers
Translation: They’re registered to do a lot, but they’ve done nothing in years.
Actual Revenue: ₹0 for the last five years.
Actual Product Sold: 🤷♂️
4. Financials Overview
P&L Snapshot (₹ in Cr)
| Year | Sales | Other Income | Net Profit |
|---|---|---|---|
| FY23 | 0.00 | 1.08 | 0.65 |
| FY24 | 0.00 | 1.21 | 0.74 |
| FY25 | 0.00 | 1.25 | 0.92 |
Yes, you read that right. This company is essentially:
A Fixed Deposit with a BSE listing.
5. Valuation
Current Valuation:
- Market Cap: ₹13.2 Cr
- Book Value: ₹24.8
- CMP/BV: 0.31x
EduInvesting’s Fair Value Range (based on Net Asset Valuation & P/E):
- Conservative FV: ₹10–12 (based on clean-up NAV, assuming liquidation)
- Speculative FV: ₹15–18 (if “other income” turns out to be interest/dividends from significant hidden investments)
Verdict: Valued cheaper than a pocket calculator.
6. What’s Cooking – News, Triggers, Drama
In just 3 months:
- CFO resigned
- Women Director resigned
- 2 Directors resigned simultaneously
- Replacements appointed same day
If you’re not smelling a shell company story yet, check your nose.
No operations. Board musical chairs. And still… it survives.
7. Balance Sheet
Balance Sheet FY25 (₹ Cr)
| Item | Amount |
|---|---|
| Equity Capital | 17.10 |
| Reserves | 25.32 |
| Borrowings | 0.00 |
| Investments | 24.74 |
| Other Assets | 17.71 |
| Total Assets | 42.45 |
Key Highlights:
- Zero debt
- ₹24.74 Cr parked in investments
- No fixed assets, no liabilities—just capital floating in the void
8. Cash Flow – Sab Number Game Hai
Cash Flow Highlights (₹ Cr)
| Year | CFO | CFI | CFF | Net Cash Flow |
|---|---|---|---|---|
| FY23 | -0.23 | 0.59 | -0.38 | -0.02 |
| FY24 | -1.65 | 1.65 | 0.00 | 0.00 |
| FY25 | -1.42 | 1.42 | 0.00 | 0.00 |
Key Takeaways:
- Operating cash flow is negative (of course, there’s no ops!)
- Investing cash flow is positive—clearly flipping investments
- It’s basically a glorified LIC agent for its own investment book
9. Ratios – Sexy or Stressy?
| Ratio | FY23 | FY24 | FY25 |
|---|---|---|---|
| ROE % | 2.24 | 2.06 | 2.55 |
| ROCE % | 2.24 | 2.06 | 2.55 |
| EPS (₹) | 0.38 | 0.43 | 0.54 |
| Dividend Payout | 0.00% | 0.00% | 0.00% |
| Promoter Holding | 5.02% | 5.02% | 5.02% |
ROE and ROCE barely beat FD rates. Also: promoters have less skin in the game than a Netflix free trial user.
10. P&L Breakdown – Show Me the Money
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 |
| Other Income | 1.08 | 1.21 | 1.25 |
| Net Profit | 0.65 | 0.74 | 0.92 |
No revenue. No operations. But they book 7–9 lakh in PAT. Likely from dividends or interest off legacy investments.
11. Peer Comparison
| Company | CMP (₹) | ROE (%) | PAT (₹ Cr) | PE | CMP/BV |
|---|---|---|---|---|---|
| CRISIL | 5843.50 | 27.81 | 706.19 | 60.5 | 16.66 |
| Algoquant Fin | 1231.50 | 37.55 | 31.89 | 60.31 | 19.05 |
| Centrum Capital | 40.30 | -41.28 | -148.58 | — | 6.00 |
| S.V. Trading & Ag. | 7.71 | 2.21 | 0.92 | 14.3 | 0.31 |
S.V. Trading sits at the bottom of the pond. Cheap, but cheap for a reason.
12. Miscellaneous – Shareholding, Promoters
| Category | % Holding (FY25) |
|---|---|
| Promoters | 5.02% |
| Public | 94.97% |
| No. of Shareholders | 62 |
Low promoter stake = major red flag. Also, company hasn’t issued dividends ever. Board exits signal governance issues, or worse, planned delisting/shell operations.
13. EduInvesting Verdict™
S.V. Trading is that cousin who claims he’s “into multiple businesses” but shows up to every wedding jobless.
It’s:
- A zero-revenue company
- Living on legacy income
- Having boardroom musical chairs
- Valued below its own book
So what is it really? A front for holding investments? A dormant relic? A shell awaiting reverse merger?
The answer may lie in one of those “Other Income” columns.
Until then, it’s just another stock stuck in the ₹7–₹10 purgatory—where nothing moves… except the CFOs.
Metadata
– Written by EduInvesting Team | 21 July 2025
– Tags: SV Trading, Microcap, Shell Company, Investment Holding, Zero Revenue Stocks
