First Custodian

Market Cap: Micro Cap
Industry: Non Banking Financial Company (NBFC)
ISIN: INE609B01018
NSEID:
BSEID: 511122

INR

93.00

4.36 (4.92%)

BSENSE

Dec 22

BSE+NSE Vol: 546

{
  "main_header": {
    "sid": 237753,
    "name": "First Custodian",
    "stock_name": "First Custodian",
    "full_name": "First Custodian Fund(I) Ltd",
    "name_url": "stocks-analysis/first-custodian",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "93.00",
    "chg": 4.36,
    "chgp": "4.92%",
    "dir": 1,
    "prev_price": "88.64",
    "mcapval": "13.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": 511122,
    "symbol": "",
    "ind_name": "Non Banking Financial Company (NBFC)",
    "ind_code": 5,
    "indexname": "",
    "isin": "INE609B01018",
    "curr_date": "Dec 22",
    "curr_time": "",
    "bse_nse_vol": "546 ",
    "exc_status": "Active",
    "traded_date": "Dec 22, 2025",
    "traded_date_str": "2025 12 22",
    "score": "",
    "scoreText": "",
    "Live": 0,
    "market_time": 0,
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  "news": {
    "results": [
      {
        "title": "Why is First Custodian falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-first-custodian-fallingrising-3764250",
        "imagepath": "",
        "date": "2025-12-20 02:17:27",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Short-Term Price Movement and Market Outperformance</strong></p>\n<p>First Custodian’s share price demonstrated significant strength on 19-Dec, opening with a gap up of 10.58% and reaching an intraday high of ₹92.9, marking a 10.6% increase from the previous close. The stock outperformed its sector by 4.64% on the day, signalling robust buying interest. This rally is part of a two-day consecutive gain, during which the stock has appreciated by 11.09%, indicating a positive shift in investor sentiment over the very short term.</p>\n<p>Despite this recent surge, the stock’s weighted average price suggests that a larger volume of shares traded closer to the lower end of the day’s price range. This nuance implies that while there was enthusiasm to push prices higher, some investors may have been c..."
      },
      {
        "title": "First Custodian Sees Revision in Market Evaluation Amidst Challenging Financial Trends",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/first-custodian-downgraded-to-strong-sell-amid-weak-fundamentals-and-valuation-concerns-3755124",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/FirstCustodian_mojoScore_3755124.png",
        "date": "2025-12-10 10:10:28",
        "description": "First Custodian, a microcap player in the Non Banking Financial Company (NBFC) sector, has undergone a revision in its market evaluation reflecting ongoing challenges in its financial and technical outlook. This shift highlights the evolving assessment of the company’s fundamentals and market positioning."
      },
      {
        "title": "Is First Custodian overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-first-custodian-overvalued-or-undervalued-3709685",
        "imagepath": "",
        "date": "2025-11-18 08:18:57",
        "description": "As of 17 November 2025, the valuation grade for First Custodian has moved from very expensive to expensive. The company is currently considered overvalued based on its financial ratios. The PE ratio stands at 32.50, while the Price to Book Value is at 0.89, and the EV to EBIT is notably low at 0.18. \n\nIn comparison to its peers, First Custodian's PE ratio is higher than Bajaj Finance's 34.85 and Bajaj Finserv's 34.31, both classified as expensive, while significantly lower than Life Insurance's attractive valuation of 11.33. Additionally, the company's ROE of 2.74% raises concerns when viewed against the backdrop of its peers. Despite a recent 1-month stock return of 4.60%, it has underperformed the Sensex, which returned 1.19% in the same period, further emphasizing its overvaluation status...."
      },
      {
        "title": "Why is First Custodian falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-first-custodian-fallingrising-3693377",
        "imagepath": "",
        "date": "2025-11-12 21:48:28",
        "description": "As of 12-Nov, First Custodian Fund(I) Ltd's stock price is currently at 91.79, reflecting an increase of 1.29 or 1.43%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 3.61% during this period. It has outperformed its sector by 0.74% today and reached an intraday high of Rs 93, indicating positive momentum. However, it is important to note that the delivery volume has significantly decreased by 83.32% compared to the 5-day average, suggesting a decline in investor participation. The stock's performance over the past week shows a return of 6.28%, while it has also posted a 9.36% increase over the last month, although it remains down 39.21% year-to-date.\n\nIn the broader market context, the Sensex has increased by 1.21% over the past week and 2.38% over the last month, indicating that while First Custodian is performing well in the short term, it is still ..."
      },
      {
        "title": "Is First Custodian overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-first-custodian-overvalued-or-undervalued-3687529",
        "imagepath": "",
        "date": "2025-11-11 08:08:31",
        "description": "As of 10 November 2025, the valuation grade for First Custodian has moved from fair to very expensive, indicating a significant shift in its perceived market value. The company is currently considered overvalued. Key ratios highlight this concern, with a PE ratio of 32.14, an EV to EBIT of -121.65, and a PEG ratio of 0.00, suggesting that the company is not generating earnings relative to its price.\n\nIn comparison to its peers, First Custodian's PE ratio is lower than Bajaj Finance's 38.76 but significantly higher than Life Insurance's attractive PE of 11.14. Additionally, the EV to EBITDA ratio of -121.65 starkly contrasts with Bajaj Finserv's 13.13, further emphasizing the overvaluation. Despite a recent one-week stock return of 3.35% compared to a -0.53% return on the Sensex, the long-term performance shows a concerning YTD decline of 40.40%, reinforcing the notion that First Custodian is overvalued in t..."
      },
      {
        "title": "First Custodian Fund(I) Hits New 52-Week Low at Rs. 71",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/first-custodian-fundi-hits-new-52-week-low-at-rs-71-3685138",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/FirstCustodianF_priceRelatedfactors_3685138.png",
        "date": "2025-11-10 10:19:28",
        "description": "First Custodian Fund(I), a microcap in the NBFC sector, has hit a new 52-week low, reflecting ongoing challenges in its market performance. The stock has shown high volatility and significant declines over the past year, with weak fundamentals and a notable drop in profits."
      },
      {
        "title": "How has been the historical performance of First Custodian?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-first-custodian-3683418",
        "imagepath": "",
        "date": "2025-11-09 22:36:31",
        "description": "Answer:\nThe historical performance of First Custodian shows a mixed trend in financial metrics over the years.\n\nBreakdown:\nFirst 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 ..."
      },
      {
        "title": "Are First Custodian latest results good or bad?",
        "link": "https://www.marketsmojo.com/news/result-analysis/are-first-custodian-latest-results-good-or-bad-3682398",
        "imagepath": "",
        "date": "2025-11-08 19:17:18",
        "description": "The latest financial results for First Custodian Fund indicate significant challenges in its operational performance. For the quarter ending September 2025, the company reported net sales of ₹0.01 crores, which reflects a year-on-year decline of 75.00% from ₹0.04 crores in the same quarter of the previous year, while remaining unchanged from the previous quarter. This substantial drop in revenue highlights the company's struggle to maintain its market position amid increasing competition from discount brokers and digital platforms.\n\nNet profit for the same quarter was ₹0.02 crores, marking a 95.92% decrease compared to ₹0.49 crores in Q2 FY24. Although there was a technical recovery from a loss of ₹0.21 crores in Q1 FY26, the year-on-year comparison raises concerns about the sustainability of profitability. The profit after tax (PAT) margin stood at 200.00%, but this figure is misleading as it is derived fr..."
      },
      {
        "title": "First Custodian Fund Q2 FY26: Profitability Collapse Amid Revenue Drought",
        "link": "https://www.marketsmojo.com/news/result-analysis/first-custodian-fund-q2-fy26-profitability-collapse-amid-revenue-drought-3682240",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/FirstCustodianF_quaterlyResult_3682240.png",
        "date": "2025-11-08 09:32:39",
        "description": "First Custodian Fund (India) Ltd., a Kolkata-based non-banking financial company specialising in brokerage services and securities trading, reported deeply troubling Q2 FY26 results that expose fundamental weaknesses in its business model. The company posted a net profit of just ₹0.02 crores for the quarter ended September 2025, plummeting 90.48% quarter-on-quarter from ₹0.21 crores loss in Q1 FY26, whilst revenues collapsed 75.00% year-on-year to a mere ₹0.01 crores. With a market capitalisation of just ₹14.00 crores, the micro-cap financial services player faces mounting operational challenges that have sent its stock tumbling 26.95% over the past year."
      }
    ],
    "total": 207,
    "sid": "237753",
    "stock_news_url": "https://www.marketsmojo.com/news/first-custodian-fundi-237753"
  },
  "announcements": [
    {
      "caption": "Un-Audited Financial Results For The Quarter And Half Year Ended 30-Sep-2025",
      "datetime": "07-Nov-2025",
      "details": "Enclosed is un-audited financial results for the quarter and half year ended 30-Sep-2025",
      "source": "BSE"
    },
    {
      "caption": "Board Meeting Intimation for Quarter Ended 30-Sep-2025",
      "datetime": "31-Oct-2025",
      "details": "First Custodian Fund India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/11/2025 inter alia to consider and approve un-audited financial results for the quarter and half year ended 30-Sep-2025",
      "source": "BSE"
    },
    {
      "caption": "Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018",
      "datetime": "09-Oct-2025",
      "details": "Enclosed is the certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 30-Sep-2025 issued by M/s. MUFG Intime India Private Limited our Registrar and Share Transfer Agent",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "First Custodian Fund(I) Ltd has declared <strong>10%</strong> dividend, ex-date: 18 Sep 25",
          "dt": "2025-09-18",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Why is First Custodian falling/rising?

2025-12-20 02:17:27

Short-Term Price Movement and Market Outperformance

First Custodian’s share price demonstrated significant strength on 19-Dec, opening with a gap up of 10.58% and reaching an intraday high of ₹92.9, marking a 10.6% increase from the previous close. The stock outperformed its sector by 4.64% on the day, signalling robust buying interest. This rally is part of a two-day consecutive gain, during which the stock has appreciated by 11.09%, indicating a positive shift in investor sentiment over the very short term.

Despite this recent surge, the stock’s weighted average price suggests that a larger volume of shares traded closer to the lower end of the day’s price range. This nuance implies that while there was enthusiasm to push prices higher, some investors may have been c...

First Custodian Sees Revision in Market Evaluation Amidst Challenging Financial Trends

2025-12-10 10:10:28

First Custodian, a microcap player in the Non Banking Financial Company (NBFC) sector, has undergone a revision in its market evaluation reflecting ongoing challenges in its financial and technical outlook. This shift highlights the evolving assessment of the company’s fundamentals and market positioning.

Is First Custodian overvalued or undervalued?

2025-11-18 08:18:57

As of 17 November 2025, the valuation grade for First Custodian has moved from very expensive to expensive. The company is currently considered overvalued based on its financial ratios. The PE ratio stands at 32.50, while the Price to Book Value is at 0.89, and the EV to EBIT is notably low at 0.18. In comparison to its peers, First Custodian's PE ratio is higher than Bajaj Finance's 34.85 and Bajaj Finserv's 34.31, both classified as expensive, while significantly lower than Life Insurance's attractive valuation of 11.33. Additionally, the company's ROE of 2.74% raises concerns when viewed against the backdrop of its peers. Despite a recent 1-month stock return of 4.60%, it has underperformed the Sensex, which returned 1.19% in the same period, further emphasizing its overvaluation status....

Why is First Custodian falling/rising?

2025-11-12 21:48:28

As of 12-Nov, First Custodian Fund(I) Ltd's stock price is currently at 91.79, reflecting an increase of 1.29 or 1.43%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 3.61% during this period. It has outperformed its sector by 0.74% today and reached an intraday high of Rs 93, indicating positive momentum. However, it is important to note that the delivery volume has significantly decreased by 83.32% compared to the 5-day average, suggesting a decline in investor participation. The stock's performance over the past week shows a return of 6.28%, while it has also posted a 9.36% increase over the last month, although it remains down 39.21% year-to-date. In the broader market context, the Sensex has increased by 1.21% over the past week and 2.38% over the last month, indicating that while First Custodian is performing well in the short term, it is still ...

Is First Custodian overvalued or undervalued?

2025-11-11 08:08:31

As of 10 November 2025, the valuation grade for First Custodian has moved from fair to very expensive, indicating a significant shift in its perceived market value. The company is currently considered overvalued. Key ratios highlight this concern, with a PE ratio of 32.14, an EV to EBIT of -121.65, and a PEG ratio of 0.00, suggesting that the company is not generating earnings relative to its price. In comparison to its peers, First Custodian's PE ratio is lower than Bajaj Finance's 38.76 but significantly higher than Life Insurance's attractive PE of 11.14. Additionally, the EV to EBITDA ratio of -121.65 starkly contrasts with Bajaj Finserv's 13.13, further emphasizing the overvaluation. Despite a recent one-week stock return of 3.35% compared to a -0.53% return on the Sensex, the long-term performance shows a concerning YTD decline of 40.40%, reinforcing the notion that First Custodian is overvalued in t...

First Custodian Fund(I) Hits New 52-Week Low at Rs. 71

2025-11-10 10:19:28

First Custodian Fund(I), a microcap in the NBFC sector, has hit a new 52-week low, reflecting ongoing challenges in its market performance. The stock has shown high volatility and significant declines over the past year, with weak fundamentals and a notable drop in profits.

How has been the historical performance of First Custodian?

2025-11-09 22:36:31

Answer: The historical performance of First Custodian shows a mixed trend in financial metrics over the years. Breakdown: 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 ...

Are First Custodian latest results good or bad?

2025-11-08 19:17:18

The latest financial results for First Custodian Fund indicate significant challenges in its operational performance. For the quarter ending September 2025, the company reported net sales of ₹0.01 crores, which reflects a year-on-year decline of 75.00% from ₹0.04 crores in the same quarter of the previous year, while remaining unchanged from the previous quarter. This substantial drop in revenue highlights the company's struggle to maintain its market position amid increasing competition from discount brokers and digital platforms. Net profit for the same quarter was ₹0.02 crores, marking a 95.92% decrease compared to ₹0.49 crores in Q2 FY24. Although there was a technical recovery from a loss of ₹0.21 crores in Q1 FY26, the year-on-year comparison raises concerns about the sustainability of profitability. The profit after tax (PAT) margin stood at 200.00%, but this figure is misleading as it is derived fr...

First Custodian Fund Q2 FY26: Profitability Collapse Amid Revenue Drought

2025-11-08 09:32:39

First Custodian Fund (India) Ltd., a Kolkata-based non-banking financial company specialising in brokerage services and securities trading, reported deeply troubling Q2 FY26 results that expose fundamental weaknesses in its business model. The company posted a net profit of just ₹0.02 crores for the quarter ended September 2025, plummeting 90.48% quarter-on-quarter from ₹0.21 crores loss in Q1 FY26, whilst revenues collapsed 75.00% year-on-year to a mere ₹0.01 crores. With a market capitalisation of just ₹14.00 crores, the micro-cap financial services player faces mounting operational challenges that have sent its stock tumbling 26.95% over the past year.

View All News

Announcement

Un-Audited Financial Results For The Quarter And Half Year Ended 30-Sep-2025

07-Nov-2025 | Source : BSE

Enclosed is un-audited financial results for the quarter and half year ended 30-Sep-2025

Board Meeting Intimation for Quarter Ended 30-Sep-2025

31-Oct-2025 | Source : BSE

First Custodian Fund India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/11/2025 inter alia to consider and approve un-audited financial results for the quarter and half year ended 30-Sep-2025

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

09-Oct-2025 | Source : BSE

Enclosed is the certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 30-Sep-2025 issued by M/s. MUFG Intime India Private Limited our Registrar and Share Transfer Agent