Corporate Merchant Bankers Ltd

Revenue generation near non-existent: only ₹0.03 Cr recorded Mar 2024 among recent quarters, raising fundamental questions about operational viability and ability to service D/E ratio of 17.18

Extreme leverage (D/E 17.18) creates severe vulnerability to credit market stress, rising interest rates, or operational disruptions

Stock price collapsed 88% from ₹406.2 (52-week high) to ₹47.76 — verify whether reflects correction from inflated valuations or deterioration in business fundamentals

Zero institutional ownership (FII 0%, DII 0%) signals market skepticism about fundamental viability and creates potential liquidity challenges for retail shareholders

Revenue resumes to scale: Mar 2025 net profit ₹2.11 Cr achieved with n/a revenue — verify whether merchant banking generates sustainable client fee income or relies on non-operating sources

Profitability stabilizes: four of six recent quarters positive (₹2.11 Cr, ₹0.07 Cr, ₹0.02 Cr, ₹0.03 Cr) vs. earlier losses — verify whether trajectory continues and scales from current fractional levels

Capital efficiency demonstrated by ROE 40.83% — verify whether this return sustains and scales given ₹0.03 Cr revenue run-rate and extreme leverage of D/E 17.18

Deleveraging reduces financial risk: cutting D/E from 17.18 would unlock operational capacity — verify management's debt reduction pathway and capital raise plans