First Custodian

Who are the top shareholders of the First Custodian?

The top shareholders of First Custodian are Sangharsh Finvest Pvt Ltd with 24.98%, Dhanlaxmi Enterprises Limited at 4.6%, and individual investors holding a combined 36.0%. There are no mutual funds or foreign institutional investors involved.

The top shareholders of First Custodian include Sangharsh Finvest Pvt Ltd, which holds the highest stake at 24.98%. Other notable shareholders are Dhanlaxmi Enterprises Limited, with a 4.6% holding, and individual investors collectively holding 36.0% of the shares. There are currently no mutual funds or foreign institutional investors involved in the company's shareholding.

how big is First Custodian?

As of Jun 06, First Custodian Fund(I) Ltd has a market capitalization of 18.00 Cr, with net sales of 0.11 Cr and a net profit of 1.76 Cr over the latest four quarters. The company's shareholder's funds are 13.91 Cr, and total assets amount to 14.34 Cr.

As of Jun 06, First Custodian Fund(I) Ltd has a market capitalization of 18.00 Cr, categorizing it as a Micro Cap company.<BR><BR>As of Jun 06, the company reported a sum of Net Sales for the latest 4 quarters of 0.11 Cr and a sum of Net Profit of 1.76 Cr. This data is based on Standalone financials.<BR><BR>As of Mar 24, the Standalone balance sheet shows Shareholder's Funds of 13.91 Cr and Total Assets of 14.34 Cr.

When is the next results date for First Custodian?

No Upcoming Board Meetings

Who are in the management team of First Custodian?

As of March 2023, the management team of First Custodian includes Surendrakumar Banthia (Chairman & Non-Executive Director), Manish Banthia (Whole Time Director & CFO), and Giriraj Kumar Dammani (Managing Director).

As of March 2023, the management team of First Custodian includes:<BR><BR>1. Surendrakumar Banthia - Chairman & Non Executive Director<BR>2. Manish Banthia - Whole Time Director & CFO<BR>3. Giriraj Kumar Dammani - Managing Director<BR><BR>These individuals play key roles in the company's leadership and governance.

What does First Custodian do?

First Custodian Fund (I) Ltd is a micro-cap NBFC that provides brokerage services and invests in securities. As of March 2025, it reported no sales or profit, with a market cap of Rs 18 Cr.

Overview: <BR>First Custodian Fund (I) Ltd is a Non Banking Financial Company (NBFC) in the micro-cap category that provides brokerage services in securities and invests in shares and securities.<BR><BR>History: <BR>First Custodian Fund (I) Ltd was incorporated in 1985. The latest quarterly results reported are for March 2025, showing no sales or profit.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 0 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 18 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 10.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.86% <BR>Debt-Equity: 0.00 <BR>Return on Equity: 11.35% <BR>Price to Book: 1.13 <BR><BR>Contact Details: <BR>Address: 11 Camac Street, Kolkata West Bengal: 700017 <BR>Tel: +91-033-28821628/222503 <BR>Email: tfcfil@rediffmail.com <BR>Website: http://www.firstcustodianfund.com

Has First Custodian declared dividend?

Yes, First Custodian Fund(I) Ltd has declared a 10% dividend, amounting to 1 per share, with an ex-date of September 19, 2024. The fund has shown strong total returns across various periods, particularly over the long term.

First Custodian Fund(I) Ltd has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1<BR>- Ex-date: 19 Sep 24<BR><BR>Dividend Yield: 0.86%.<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was 7.03%, with no dividend return, resulting in a total return of 7.03%.<BR><BR>For the 1-year period, the price return was 51.21%, the dividend return was 1.05%, leading to a total return of 52.26%.<BR><BR>Over the 2-year period, the price return was 284.78%, with a dividend return of 5.56%, culminating in a total return of 290.34%.<BR><BR>In the 3-year period, the price return was 162.95%, the dividend return was 4.22%, resulting in a total return of 167.17%.<BR><BR>For the 4-year period, the price return was 267.35%, with a dividend return of 5.88%, leading to a total return of 273.23%.<BR><BR>In the 5-year period, the price return was 267.35%, the dividend return was 5.88%, resulting in a total return of 273.23%.<BR><BR>Overall, First Custodian Fund(I) Ltd has declared a dividend, contributing positively to the total returns across various periods, particularly notable in the longer-term returns where the price appreciation significantly outweighs the dividend contributions.

Who are the peers of the First Custodian?

First Custodian's peers include Bajaj Finance, Jio Financial, Cholaman.Inv.&Fn, Shriram Finance, Muthoot Finance, Inditrade Cap., S R G Securities, DCM Financial, and Amrapali Fincap. In terms of performance, First Custodian has a 1-year return of 37.39%, higher than Inditrade Cap.'s -75.01% but lower than Bajaj Finance's 30.40%.

Peers: The peers of First Custodian are Bajaj Finance, Jio Financial, Cholaman.Inv.&Fn, Shriram Finance, Muthoot Finance, Inditrade Cap., S R G Securities, DCM Financial, and Amrapali Fincap.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bajaj Finance, Cholaman.Inv.&Fn, and Muthoot Finance, while Average management risk is found at Jio Financial, Good management risk is noted at Shriram Finance, and Below Average management risk is present at Inditrade Cap., S R G Securities, First Custodian, and Amrapali Fincap. Growth is rated as Excellent for Jio Financial, Good for First Custodian, Bajaj Finance, Cholaman.Inv.&Fn, and Shriram Finance, and Average for Muthoot Finance, while Below Average growth is seen at Inditrade Cap., S R G Securities, and Amrapali Fincap. Capital Structure is rated Excellent for Bajaj Finance, Jio Financial, Shriram Finance, Muthoot Finance, Inditrade Cap., S R G Securities, First Custodian, and Amrapali Fincap, while Good is noted for Cholaman.Inv.&Fn.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Bajaj Finance at 30.40%, while the lowest is Inditrade Cap. at -75.01%. First Custodian's 1-year return is 37.39%, which is higher than both of these peers. Additionally, Inditrade Cap. and S R G Securities have negative six-month returns.

What is the technical trend for First Custodian?

As of June 6, 2025, First Custodian's technical trend is mildly bearish, supported by bearish weekly MACD, mildly bearish monthly MACD, and mixed signals from Bollinger Bands and KST indicators.

As of 6 June 2025, the technical trend for First Custodian has changed from bearish to mildly bearish. The weekly MACD remains bearish while the monthly MACD is mildly bearish, indicating a lack of strong upward momentum. The daily moving averages also reflect a mildly bearish stance. The Bollinger Bands show a mildly bearish trend on the weekly chart but are bullish on the monthly, suggesting mixed signals. The KST is bearish weekly and mildly bearish monthly, further supporting the overall mildly bearish outlook. The Dow Theory indicates a mildly bullish trend on the weekly timeframe, but there is no clear trend on the monthly. Overall, the current technical stance is mildly bearish, with key indicators like MACD and moving averages driving this assessment.

Are First Custodian latest results good or bad?

The latest results for First Custodian are concerning, showing a 75% drop in net sales and a 95.92% decline in net profit year-on-year, indicating significant financial distress and challenges in its brokerage operations. Overall, these results can be characterized as bad, reflecting a deteriorating business model and investor skepticism.

The latest results for First Custodian are concerning and indicate a significant decline in performance. In Q2 FY26, the company reported net sales of just ₹0.01 crores, which is a staggering 75% drop year-on-year. Similarly, net profit fell to ₹0.02 crores, down 95.92% from the previous year. While there was a technical recovery in net profit compared to the previous quarter, the year-on-year comparison highlights a troubling trend.<BR><BR>The company's profitability metrics, such as the PAT margin of 200%, may seem impressive at first glance, but they are misleading given the extremely low revenue base. The return on equity (ROE) of 5.74% is also below the five-year average of 7.72%, indicating that the company is struggling to generate adequate returns for its shareholders.<BR><BR>Overall, the financial performance reflects a company in distress, facing challenges in its core brokerage operations amid increasing competition from discount brokers and digital platforms. The stock has underperformed significantly, declining 41.42% year-to-date, which further underscores investor skepticism about its future prospects. Given these factors, the latest results can be characterized as bad, pointing to a deteriorating business model and financial health.

Should I buy, sell or hold First Custodian?

How has been the historical performance of First Custodian?

First Custodian's historical performance shows mixed results, with net sales peaking at 0.28 Cr in Mar'22 and Mar'23 but declining to 0.11 Cr by Mar'25. However, total operating income and profitability have significantly improved, with profit after tax rising from 0.15 Cr in Mar'20 to 1.74 Cr in Mar'25, despite challenges in consistent sales and cash flow.

Answer:<BR>The historical performance of First Custodian shows a mixed trend in financial metrics over the years.<BR><BR>Breakdown:<BR>First Custodian's net sales have fluctuated, with a peak of 0.28 Cr in both Mar'22 and Mar'23, followed by a decline to 0.11 Cr in Mar'25. However, other operating income has shown significant growth, increasing from 0.68 Cr in Mar'19 to 2.94 Cr in Mar'25. Total operating income also rose from 0.82 Cr in Mar'19 to 3.05 Cr in Mar'25. The total expenditure, excluding depreciation, has gradually increased from 0.40 Cr in Mar'19 to 0.74 Cr in Mar'25. Operating profit (PBDIT) has seen a substantial rise, reaching 2.31 Cr in Mar'25, compared to just 0.29 Cr in Mar'20. Profit before tax has also improved, from 0.20 Cr in Mar'20 to 2.20 Cr in Mar'25, while profit after tax increased from 0.15 Cr in Mar'20 to 1.74 Cr in Mar'25. The earnings per share (EPS) have surged from 1.0 in Mar'20 to 11.6 in Mar'25. On the balance sheet, total assets grew from 14.78 Cr in Mar'20 to 16.05 Cr in Mar'25, with total liabilities also increasing from 12.98 Cr to 16.05 Cr in the same period. Cash flow from operating activities has been variable, with a notable drop to 1.00 Cr in Mar'25 from 3.00 Cr in Mar'24. Overall, while First Custodian has experienced growth in income and profitability, it has faced challenges in maintaining consistent sales and cash flow.

Is First Custodian overvalued or undervalued?

As of December 4, 2025, First Custodian is fairly valued with a PE ratio of 28.60, despite a year-to-date stock decline of 46.97%, while peers like Bajaj Finance are rated very expensive and Life Insurance very attractive.

As of 4 December 2025, the valuation grade for First Custodian has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 28.60, a Price to Book Value of 0.78, and a negative EV to EBIT of -1.46. In comparison to peers, Bajaj Finance is rated as very expensive with a PE ratio of 34.9, while Life Insurance is considered very attractive with a PE ratio of 10.85.<BR><BR>Despite the fair valuation, First Custodian has underperformed in recent stock returns, with a year-to-date decline of 46.97%, compared to a 9.12% increase in the Sensex. This performance may indicate market concerns that could affect future valuations, but based on the current ratios and peer comparisons, the company appears to be fairly valued at this time.

Why is First Custodian Fund(I) Ltd falling/rising?

As of 10-Feb, the stock price of First Custodian Fund(I) Ltd is at 72.24, reflecting a significant decline of -9.7% and underperformance compared to the Sensex, which has gained +0.64%. Year-to-date, the stock is down -18.83%, and over the past year, it has dropped -51.90%, indicating a bearish trend and lack of investor confidence.

As of 10-Feb, the stock price of First Custodian Fund(I) Ltd is falling, currently at 72.24, which reflects a change of -7.76 or -9.7%. The stock has underperformed significantly compared to the benchmark Sensex, which has shown a positive return of +0.64% over the past week, while First Custodian has declined by -7.83%. Over the past month, the stock has also fallen by -6.16%, while the Sensex has gained +0.83%.<BR><BR>Year-to-date, the stock is down -18.83%, contrasting sharply with the Sensex's decline of only -1.11%. The one-year performance shows an even more drastic drop of -51.90% for First Custodian compared to a +9.01% increase in the Sensex. Although the stock has performed well over the longer term, with a +94.98% return over three years and +216.15% over five years, the recent trends indicate a significant downturn.<BR><BR>Today's trading session has been particularly volatile, with the stock opening with a gain of 5% but then reaching an intraday low of Rs 72, which represents a -10% drop from its high of Rs 84. The stock has traded in a wide range of Rs 12, and the weighted average price indicates that more volume was traded closer to the low price, suggesting a lack of investor confidence. Additionally, there has been a notable decline in investor participation, with delivery volume falling by -97.25% against the five-day average. The stock is also trading below all key moving averages, indicating a bearish trend. Overall, these factors contribute to the stock's current decline.

Which are the latest news on First Custodian?