---
title: "Creative Merchants Ltd (538504) — Share Price, Financials & Analysis"
symbol: "538504"
company: "Creative Merchants Ltd"
canonical: "https://tapetide.com/stocks/538504"
isin: "INE896P01011"
bse_code: "538504"
sector: "Services"
industry: "Commercial Services & Supplies"
generated_at: "2026-10-13T10:59:14.065Z"
---

# Creative Merchants Ltd (538504)

Canonical page: https://tapetide.com/stocks/538504

## Company

- **BSE Code:** 538504
- **ISIN:** INE896P01011
- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2014-07-02
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** creativemerchants.co.in

## About

Creative Merchants gives a depth coverage of the future trends in business, technology and others fields. It provides all the latest news and information regarding Indian business, technology and consumers.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Stock is trading at 3.45 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 6.67%
- Company has a low return on equity of 0.19% over last 3 years.
- Debtor days have increased from 63.2 to 120 days.
- Working capital days have increased from 80.5 days to 200 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -100% | -42% | -13% |
| revenue growth | -100% | -43% | 80% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.44 | 12.02 | 5.08 | 12.02 | 0 | 0 | 0.01 | 2.09 | 0 | 0 | 0 | 0 |
| Expenses | 2.44 | 12.09 | 5.02 | 12.09 | 0.03 | 0.02 | 0.01 | 2.24 | 0 | 0 | 0 | 0.32 |
| Operating Profit | 0 | -0.07 | 0.06 | -0.07 | -0.03 | -0.02 | 0 | -0.15 | 0 | 0 | 0 | -0.32 |
| OPM % | 0 | -0.58 | 1.18 | -0.58 | — | — | 0 | -7.18 | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0.2 | 0.01 | 0 | 0 | 0.32 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | -0.07 | 0.06 | -0.07 | -0.03 | -0.01 | 0 | 0.05 | 0.01 | 0 | 0 | 0 |
| Tax % | — | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | — | — | — |
| Net Profit | 0 | -0.07 | 0.06 | -0.07 | -0.03 | -0.01 | 0 | 0.05 | 0 | 0 | 0 | 0 |
| EPS in Rs | 0 | -0.14 | 0.12 | -0.14 | -0.06 | -0.02 | 0 | 0.1 | 0 | 0 | 0 | 0 |

### Profit & Loss

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

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.11 | 0.74 | 11.35 | 51.12 | 23.59 | 2.1 | 0 |
| Expenses | 0.09 | 0.68 | 11.35 | 51.15 | 23.63 | 2.29 | 0.32 |
| Operating Profit | 0.02 | 0.06 | 0 | -0.03 | -0.04 | -0.19 | -0.32 |
| OPM % | 18.18 | 8.11 | 0 | -0.06 | -0.17 | -9.05 | — |
| Other Income | 0 | 0 | 0.09 | 0.07 | 0.06 | 0.2 | 0.33 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0.03 | 0.01 | 0.01 | 0.01 | 0 | 0 |
| Profit before tax | 0.02 | 0.03 | 0.08 | 0.03 | 0.01 | 0.01 | 0.01 |
| Tax % | 50 | 33.33 | 37.5 | 33.33 | 0 | 0 | — |
| Net Profit | 0.02 | 0.02 | 0.05 | 0.01 | 0.01 | 0.01 | 0 |
| EPS in Rs | 0.4 | 0.04 | 0.1 | 0.02 | 0.02 | 0.02 | 0 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 0.03 | 0.05 | 0.12 | 0.13 | 0.14 | 0.15 | 0.15 |
| Borrowings | 0 | 0 | 0 | 0.01 | 0.01 | 0.06 | 0.1 |
| Other Liabilities | 0.01 | 0.02 | 11.35 | 15.93 | 3.23 | 1.35 | 1.31 |
| Total Liabilities | 0.54 | 5.07 | 16.47 | 21.07 | 8.38 | 6.56 | 6.56 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0.75 | 0.75 | 0.25 | 0 | 0 | 0 |
| Other Assets | 0.54 | 4.32 | 15.72 | 20.82 | 8.38 | 6.56 | 6.56 |
| Total Assets | 0.54 | 5.07 | 16.47 | 21.07 | 8.38 | 6.56 | 6.56 |

### Cash Flow

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

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.1 | -1.41 | -0.03 | -1.37 | -0.34 | -0.25 |
| Cash from Investing Activity | 0 | -0.83 | -0.01 | 0.5 | 0.3 | 0.2 |
| Cash from Financing Activity | 0.12 | 2.22 | 0.95 | 0.01 | 0 | 0.05 |
| Net Cash Flow | 0.02 | -0.02 | 0.91 | -0.86 | -0.03 | 0 |
| Free Cash Flow | -0.1 | -1.41 | -0.03 | -1.37 | -0.34 | -0.25 |
| CFO/OP | -500 | -2350 | — | 4533 | 850 | 132 |

### Ratios

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 165.91 | 59.19 | 371.43 | 54.19 | 15.63 | 119.93 |
| Inventory Days | 319.38 | 825.46 | 47.44 | 67.47 | 55.04 | 219 |
| Days Payable | 0 | 5.62 | 365.32 | 114.14 | 50.21 | 223.98 |
| Cash Conversion Cycle | 485.28 | 879.04 | 53.55 | 7.52 | 20.46 | 114.95 |
| Working Capital Days | 365 | 774.39 | 54.03 | 7.71 | 33.89 | 199.88 |
| ROCE % | — | 1.08 | 1.57 | 0.58 | 0.19 | 0.19 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 6.67% | 6.67% | 6.67% | 6.67% | 6.67% |
| FIIs | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% |
| DIIs | 0% | 0% | 0% | 0.9% | 0.9% |
| Public | 93% | 93% | 93% | 92.1% | 92.1% |
| No. of Shareholders | 1029 | 1033 | 1037 | 1033 | 1033 |

### Quarterly

| Category | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 6.67% | 6.67% | 6.67% | 6.67% | 6.67% | 6.67% | 6.67% | 6.67% | 6.67% | 6.67% | 6.67% | 6.67% |
| FIIs | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% |
| DIIs | 0% | 0% | 0% | 0.9% | 0% | 0% | 0% | 0.9% | 0.9% | 0.9% | 0.9% | 0.9% |
| Public | 93% | 93% | 93% | 92.1% | 93% | 93% | 93% | 92.1% | 92.1% | 92.1% | 92.1% | 92.1% |
| No. of Shareholders | 1028 | 1033 | 1033 | 1033 | 1036 | 1037 | 1037 | 1033 | 1033 | 1033 | 1033 | 1033 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 5 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 467.62 | Sell |
| EMA (10) | 465.32 | Sell |
| SMA (20) | 469.28 | Sell |
| EMA (20) | 467.78 | Sell |
| SMA (50) | 471.93 | Sell |
| EMA (50) | 471.46 | Sell |
| SMA (100) | 477.39 | Sell |
| EMA (100) | 466.43 | Sell |
| SMA (200) | 447.06 | Buy |
| EMA (200) | 434 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.28 | Neutral |
| MACD (12,26,9) | -2.77 | Sell |
| Stochastic (14,3,3) | 20.31 | Neutral |
| ADX (14) | 15.64 | Neutral |
| Williams %R (14) | -86.5 | Buy |
| ATR (14) | 16.96 | High Volatility |
| ROC (12) | -3.23 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 42.92 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-12 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/MINDPOOL_12022026183825_NSE_Postalballot_Voting_Result_Scrutinizer_Report.pdf) |
| 2026-02-12 | [Appointment](https://nsearchives.nseindia.com/corporate/MINDPOOL_12022026184602_Disclosue_under_regulation_30_for_Reappointment_of_Independent_Director.pdf) |
| 2026-01-10 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MINDPOOL_10012026130737_NSE_Newspaper_Intimation.pdf) |
| 2026-01-09 | [Appointment](https://nsearchives.nseindia.com/corporate/MINDPOOL_09012026110804_NSE_100th_BM_Outcome.pdf) |
| 2026-01-09 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/MINDPOOL_09012026174657_NSE_Postal_Ballot_Notice_Intimation_09012026.pdf) |
| 2019-07-17 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9612e657-fdcb-4bd9-80d0-60135a06c11f.pdf) |
| 2019-07-02 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f6a6fd3a-f7ad-47f8-a7c0-ff8c2b809559.pdf) |
| 2019-06-03 | [Financial Result For 31St March,2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c016f840-9402-4cfd-b6dc-1450c1024a8c.pdf) |
| 2019-05-30 | [Outcome of Board Meeting](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a57d0c6-8477-4db1-9699-df55071eb5a2.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://archives.nseindia.com/annual_reports/SME_AR_28822_MINDPOOL_2024_2025_A_2143038_06092025192530.pdf) |
| 2024 | [Financial Year 2024](https://archives.nseindia.com/annual_reports/SME_AR_25222_MINDPOOL_2023_2024_28082024155424.pdf) |
| 2023 | [Financial Year 2023](https://archives.nseindia.com/annual_reports/SME_AR_22925_MINDPOOL_2022_2023_24082023181246_08242023190000.zip) |
| 2022 | [Financial Year 2022](https://archives.nseindia.com/annual_reports/SME_AR_21360_MINDPOOL_2021_2022_05092022165542_09052022170036.zip) |
| 2021 | [Financial Year 2021](https://archives.nseindia.com/annual_reports/SME_AR_18836_MINDPOOL_2020_2021_23082021174614_23082021180006.zip) |
| 2020 | [Financial Year 2020](https://archives.nseindia.com/annual_reports/SME_AR_17321_MINDPOOL_2019_2020_04092020205409_04092020210006.zip) |
| 2019 | [Financial Year 2019](https://archives.nseindia.com/annual_reports/SME_AR_15365_MINDPOOL_2018_2019_26082019162846_26082019170004.zip) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/538504/5385040318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/538504/5385040317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/538504/5385040316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2020 | [Concall - Nov 2020](https://archives.nseindia.com/corporate/MINDPOOL_10112020184735_NSE_Investors_Presentation_H1_SEPT_2020.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://archives.nseindia.com/corporate/MINDPOOL_11112020090959_NSE_Revised_investor_presentation.pdf) |
| Jul 2020 | [Concall - Jul 2020](https://archives.nseindia.com/corporate/MINDPOOL_15072020154118_NSE_investor_PresentationMarch2020.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 2026-10-13T10:59:14.065Z.