---
title: "Photon Capital Advisors Ltd (509084) — Share Price, Financials & Analysis"
symbol: "509084"
company: "Photon Capital Advisors Ltd"
canonical: "https://tapetide.com/stocks/509084"
isin: "INE107J01016"
bse_code: "509084"
sector: "Commercial Services"
industry: "Diversified Services"
market_cap_cr: 121.06
generated_at: "2026-10-13T11:00:17.754Z"
---

# Photon Capital Advisors Ltd (509084)

Canonical page: https://tapetide.com/stocks/509084

## Company

- **BSE Code:** 509084
- **ISIN:** INE107J01016
- **Sector:** Commercial Services
- **Industry:** Diversified Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2008-10-17
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** pcalindia.com

## About

Incorporated in 1983, Photon Capital Advisors 
Ltd is in the business of investment and financial services.[1]

## Latest Price

- **Price:** ₹445.55
- **Change:** +8.7 (+1.99%)
- **Open:** ₹445.55
- **Day High:** ₹445.55
- **Day Low:** ₹445.55
- **Previous Close:** ₹436.85
- **Volume:** 253
- **As Of:** 2026-10-13T11:00:08+00:00

## Key Fundamentals

Price-based figures as of 2026-10-13T16:30:08+05:30.

Observed at 2026-10-13T04:33:59.733491Z.

- **Market Cap:** ₹121.06 Cr
- **Classification:** Microcap
- **P/E (TTM):** 123.42
- **EPS (TTM):** ₹3.61
- **Book Value:** ₹80.84
- **Price to Book:** 5.51
- **Dividend Yield:** 0%
- **ROE:** -9.11%
- **ROCE:** -5.79%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹0.2 Cr
- **Net Income:** -₹0.7 Cr
- **EBITDA:** -₹0.2 Cr
- **52-Week High:** ₹445.55
- **52-Week Low:** ₹91.68
- **RSI (14):** 99.85

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Stock is trading at 4.21 times its book value
- Promoter holding has decreased over last quarter: -5.02%
- Company has a low return on equity of -6.48% over last 3 years.
- Earnings include an other income of Rs.0.48 Cr.
- Working capital days have increased from 484 days to 1,378 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 17.54% | 16.07% | -14.63% |
| ebitda margin growth | 0% | -21.69% | -19.28% | — |
| net income growth | 0% | -65% | 71% | 30% |
| revenue growth | 0% | -33.33% | 102% | 180% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.07 | 0.06 | 0.07 | 0.06 | 0.07 | 0.06 | 0.06 | 0 | 0.04 | 0.05 | 1.44 | 0.25 |
| Expenses | 0.11 | 0.23 | 0.07 | 0.12 | 0.12 | 0.12 | 0.12 | 0.16 | 0.13 | 0.16 | 0.17 | 0.38 |
| Operating Profit | -0.04 | -0.17 | 0 | -0.06 | -0.05 | -0.06 | -0.06 | -0.16 | -0.09 | -0.11 | 1.27 | -0.13 |
| OPM % | -57.14 | -283.33 | 0 | -100 | -71.43 | -100 | -100 | — | -225 | -220 | 88.19 | -52 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.06 | 0 | 0 | 0.13 | 0.35 |
| Interest | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 |
| Profit before tax | -0.04 | -0.17 | -0.04 | -0.07 | -0.06 | -0.07 | -0.07 | -0.11 | -0.1 | -0.12 | 1.39 | 0.22 |
| Tax % | 0 | 0 | 5625 | 0 | 0 | 0 | 357.14 | 0 | 0 | 0 | 13.67 | 27.27 |
| Net Profit | -0.04 | -0.17 | -2.29 | -0.06 | -0.06 | -0.07 | -0.31 | -0.1 | -0.1 | -0.11 | 1.2 | 0.16 |
| EPS in Rs | -0.26 | -1.12 | -15.13 | -0.4 | -0.4 | -0.46 | -2.05 | -0.66 | -0.66 | -0.73 | 4.41 | 0.59 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.29 | 0.09 | 0.12 | 0.01 | 0.36 | 0.21 | 0.25 | 0.25 | 1.73 | 1.78 |
| Expenses | 2.6 | 0.45 | 0.43 | 0.41 | 0.4 | 0.45 | 0.55 | 0.48 | 0.62 | 0.84 |
| Operating Profit | -1.31 | -0.36 | -0.31 | -0.4 | -0.04 | -0.24 | -0.3 | -0.23 | 1.11 | 0.94 |
| OPM % | -101.55 | -400 | -258.33 | -4000 | -11.11 | -114.29 | -120 | -92 | 64.16 | 52.81 |
| Other Income | 0 | 0.93 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.48 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 |
| Depreciation | 0.02 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.03 | 0.03 | 0.03 |
| Profit before tax | -1.33 | 0.57 | -0.31 | -0.4 | -0.04 | -0.24 | -0.34 | -0.26 | 1.08 | 1.39 |
| Tax % | 74.44 | 5.26 | 16.13 | 30 | 50 | 25 | 661.76 | 96.15 | 17.59 | — |
| Net Profit | -2.32 | 0.55 | -0.35 | -0.52 | -0.07 | -0.3 | -2.58 | -0.51 | 0.89 | 1.15 |
| EPS in Rs | -15.33 | 3.63 | -2.31 | -3.44 | -0.46 | -1.98 | -17.04 | -3.37 | 3.27 | 3.61 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.51 | 1.51 | 1.51 | 1.51 | 1.51 | 1.51 | 1.51 | 1.51 | 1.51 | 2.72 |
| Reserves | 12.34 | 9.57 | 10.12 | 9.73 | 9.24 | 9.13 | 8.83 | 6.23 | 5.71 | 24.97 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.06 | 0.03 | 0 |
| Other Liabilities | 0.6 | 0.06 | 0.04 | 0.03 | 0.04 | 0.05 | 0.03 | 0.03 | 0.04 | 0.11 |
| Total Liabilities | 14.45 | 11.14 | 11.67 | 11.27 | 10.79 | 10.69 | 10.37 | 7.83 | 7.29 | 27.8 |
| Fixed Assets | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.07 | 0.04 | 0.02 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 9.59 | 7.09 | 7.63 | 7.32 | 6.92 | 2.4 | 2.41 | 2.41 | 2.4 | 0.01 |
| Other Assets | 4.82 | 4.03 | 4.02 | 3.93 | 3.85 | 8.27 | 7.94 | 5.35 | 4.85 | 27.77 |
| Total Assets | 14.45 | 11.14 | 11.67 | 11.27 | 10.79 | 10.69 | 10.37 | 7.83 | 7.29 | 27.8 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.37 | -1.09 | -0.51 | -0.44 | -0.4 | -0.41 | -0.49 | -0.57 | -0.47 | -0.61 |
| Cash from Investing Activity | 0.42 | 1.1 | 0.5 | 0.41 | 0.43 | 4.86 | -3.82 | 0.52 | 0.72 | -18.87 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.03 | -0.03 | 19.57 |
| Net Cash Flow | 0.05 | 0.01 | -0.02 | -0.03 | 0.03 | 4.44 | -4.3 | -0.08 | 0.22 | 0.09 |
| Free Cash Flow | -0.37 | -1.09 | -0.51 | -0.44 | -0.4 | -0.41 | -0.49 | -0.57 | -0.47 | -0.61 |
| CFO/OP | -14 | 27 | 139 | 142 | 100 | 1025 | 204 | 190 | 204 | -52 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -67.55 | -2.83 | 162.22 | 91.25 | 1460 | 0 | 69.52 | 58.4 | 14.6 | 1377.72 |
| ROCE % | 23.19 | -10.67 | 5.02 | -2.71 | -3.64 | -0.37 | -2.29 | -3.64 | -3.46 | 6.18 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.89% | 74.89% | 74.89% | 74.89% | 74.89% | 74.89% | 74.89% | 74.89% | 74.89% | 74.89% | 59.49% | 54.47% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 24.76% | 24.74% | 24.71% | 24.71% | 24.8% | 24.71% | 24.71% | 24.66% | 24.67% | 24.67% | 18.74% | 23.7% |
| Others | 0.36% | 0.37% | 0.4% | 0.4% | 0.31% | 0.4% | 0.4% | 0.45% | 0.44% | 0.44% | 21.77% | 21.83% |
| No. of Shareholders | 6640 | 6604 | 6611 | 6619 | 6642 | 6602 | 6601 | 6581 | 6578 | 6560 | 6530 | 6511 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 1 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 400.35 | Buy |
| EMA (10) | 402.72 | Buy |
| SMA (20) | 371.72 | Buy |
| EMA (20) | 370.46 | Buy |
| SMA (50) | 262.11 | Buy |
| EMA (50) | 299.9 | Buy |
| SMA (100) | 205.07 | Buy |
| EMA (100) | 235.69 | Buy |
| SMA (200) | 143.75 | Buy |
| EMA (200) | 176.47 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 74.63 | Sell |
| MACD (12,26,9) | 42.92 | Buy |
| Stochastic (14,3,3) | 100 | Sell |
| ADX (14) | 30.7 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 13.58 | High Volatility |
| ROC (12) | 24.28 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 100 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-05-07 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachLive/0FC6220E_F78E_4F25_8DF1_FC2F6D7CEEFA_153014.pdf) |
| 2026-05-07 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachLive/CB024F20_0C96_4C70_B235_FE5616F7C850_154458.pdf) |
| 2026-05-07 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachLive/908FAECF_590C_4243_9D3E_B8AE9173820A_160309.pdf) |
| 2026-04-30 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03854569-3833-4b10-8e42-a91e2ec93518.pdf) |
| 2026-04-30 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/xml-data/corpfiling/AttachLive/03854569-3833-4b10-8e42-a91e2ec93518.pdf) |
| 2026-04-21 | [Post Offer Advertisement](https://www.bseindia.com/xml-data/corpfiling/AttachHis/E68A8B4E-C1F6-45F3-9614-7257BFC02CEB-144817.pdf) |
| 2026-04-21 | [Post Offer Advertisement](https://www.bseindia.com/xml-data/corpfiling/AttachLive/E68A8B4E-C1F6-45F3-9614-7257BFC02CEB-144817.pdf) |
| 2026-03-31 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b45114a-8eaf-4a81-ab0b-52469e999157.pdf) |
| 2026-03-24 | [Updates on Open Offer](https://www.bseindia.com/xml-data/corpfiling/AttachHis/A73454DC-32C2-484D-B39E-978F63C2E2F8-141908.pdf) |
| 2026-03-20 | [Recommendations of the Committee of ID under Reg 26(7) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/DF2309A1-A2A2-4D1D-99AF-84852A50F4DA-125950.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c1a38dcf-32bb-499a-a891-645bfe71f97c.pdf) |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f2b50a84-a66f-4a2e-b8ec-7a3646b49a20.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d39f1d8f-5835-4089-8548-d90e25578a8d.pdf) |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5de21ace-b2c3-4990-ba2d-6c3c2411baab.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/509084/76480509084.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/509084/71888509084.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/509084/66635509084.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/509084/5090840319.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/509084/5090840318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/509084/5090840317.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-29 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=74449fad-f07e-4f6e-8e5e-892d966ea34f.pdf) |
| 2026-09-29 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fcb2cc9d-ecf7-4d2d-8619-902453139abc.pdf) |
| 2026-09-29 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=19a45328-ce37-446d-9aad-cbec6a8c0323.pdf) |
| 2026-09-22 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f425513-31e9-4de1-902f-4fe08780a0e3.pdf) |
| 2026-09-21 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc6e0543-ca4f-408c-9858-c87af773859e.pdf) |
| 2026-08-27 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c1a38dcf-32bb-499a-a891-645bfe71f97c.pdf) |
| 2026-08-08 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca6bcfa5-e470-43c1-ab71-cf42c9c8cf68.pdf) |
| 2026-08-08 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5dfa7eaa-19aa-485e-b31f-83b3c5cf992f.pdf) |
| 2026-08-04 | [Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f6889d7-75f5-445a-bbf6-8ef450fd098e.pdf) |
| 2026-07-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1ce9f9c-2dc2-49b5-916c-513b6112a1d9.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-08 | [Un-Audited Financial Results For The Period Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b1e29e4-37b0-4d55-bcdf-a41f1f0f342f.pdf) |
| 2026-06-01 | [Results- Financial Results For Mar312026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=522abe58-4463-4731-a17d-2aecaaa919f2.pdf) |
| 2026-05-29 | [Results - Financial Results Ended Mar 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1336e5f4-6bf9-4b1a-b2c5-a10e549e0493.pdf) |
| 2026-02-10 | [Results - Financial Results For Dec 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f71157ee-3c1b-4f93-974c-e206bbab1b74.pdf) |
| 2025-10-17 | [Results - Financial Results For Sept 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f201204-9250-4be7-8c13-a7ec8d08fb7d.pdf) |
| 2025-08-08 | [Results - Financial Results For Jun 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc026769-f51c-477d-a0ad-afc78b625b6c.pdf) |
| 2025-05-29 | [Results-Financial Results For March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fa544169-aa8a-47fe-8ae2-4b35686b7286.pdf) |
| 2025-02-06 | [Results-Financial Results For Dec 31 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be257d37-afbf-4a30-9025-07c08c5b28fa.pdf) |
| 2024-10-28 | [Results - Financial Results For September 30, 2024 (Q2)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=896fa362-48b4-4673-b0bf-f36c4775a3ed.pdf) |
| 2024-08-05 | [Results-Financial Results For June 30Th, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7272f81-7ecf-4ab1-91e4-9257c851ed02.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:17.754Z.