EFACTOR
E Factor Experie financials
- Market cap
- ₹224 Cr
- Sector
- Consumer Services
- Calls analysed
- 3
E Factor Experie Q4 FY26
What went well
- Consolidated revenue from operations increased by 11.5% YoY to ₹191.44 crores in FY26.
- Net worth increased to ₹90.32 crores, reflecting strong balance sheet and financial management.
- Current ratio improved to 2.08x, indicating healthy liquidity despite investments.
What to watch
- FY26 revenue of ₹191.44 crores was below the anticipated ₹225-240 crores due to postponement of two large projects worth ₹35 crores.
- Profitability moderated marginally in FY26 due to deliberate investments in talent, project infrastructure, and capability building.
What E Factor Experie does
E Factor Experiences designs, plans and executes large-scale experiential events on a turnkey, end-to-end basis: government-commissioned tourism festivals and heritage-corridor light & sound/multimedia shows, sporting events and leagues, corporate events and conferences, mega ground concerts and televised events, and private weddings and social events. It runs an in-house production facility with its own design and craft teams and works with state governments, corporates and private clients across India and internationally.
Segments
- Institutional Turnkey Assignments
- Private and Social Events
- Global footprint
- 25 countries across 5 continents
- Cumulative events delivered
- 1,037+
- Industry awards won
- 156
- Operating history
- 26 years
- Corporate offices & production facility
- New Delhi & Jaipur, with an in-house production facility and dedicated design/craft team
- Subsidiaries / associate companies
- 1 subsidiary (E-Factor Adventure Tourism Pvt Ltd), 1 associate (Untamed Leisure and Hospitality Pvt Ltd)
Guidance record · Q4 FY26
what the last two calls moved 12 tracked 2 delivered 4 missed 6 open- EBITDA Margin delivered, diluted said Q4 FY25 Promised: Maintain current year's level (~15.5%) Q4 FY26: Achieved a consolidated EBITDA margin of 15.0% for FY26, slightly below the target of maintaining the prior year's level of ~15.5%. Management attributed the marginal moderation to strategic investments.
- Top Line Revenue missed said Q4 FY25 Promised: INR 250 crores in FY26 Q4 FY26: Achieved FY26 revenue of ₹191.44 crores, significantly missing the ₹250 crore target. Management attributed the shortfall to the postponement of projects worth ₹35 crores.
- Revenue Growth revised up said Q2 FY26 Promised: 30% to 40% growth over FY26 Q4 FY26: Management provided a new FY27 revenue target of ₹300-330 crores. Based on the FY26 revenue of ₹191.44 crores, this implies a growth of 57-72%, significantly higher than the original 30-40% guidance.
All 12 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 9.4%, net profit up 0.0% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19 | 100 | 21 | 127 | 18 −5% | 153 +53% | 53 +152% | 139 +9% |
| EBITDA | 0 | 12 | 2 | 20 | 1 | 26 +117% | 8 +300% | 21 +5% |
| Net profit | -1 | 8 | 1 | 15 | 0 +100% | 20 +150% | 5 +400% | 15 +0% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −33.0% 1Y
1Y: ₹247.8 on 10 Sept 2025 → ₹166. High ₹344.9 (5 Dec 2025), low ₹153.85 (10 Jul 2026).
How the price took the results
close before → close after
- Q4 FY26
- +1.4%
- 1 Jun
- Q2 FY26
- −0.1%
- 18 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | ₹10 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr |
| Reserves | ₹-2 Cr | ₹0 Cr | ₹1 Cr | ₹37 Cr | ₹63 Cr | ₹77 Cr |
| Borrowings | ₹7 Cr | ₹6 Cr | ₹9 Cr | ₹4 Cr | ₹21 Cr | ₹49 Cr |
| Other liabilities | ₹18 Cr | ₹40 Cr | ₹37 Cr | ₹43 Cr | ₹36 Cr | ₹22 Cr |
| Total liabilities | ₹26 Cr | ₹49 Cr | ₹57 Cr | ₹97 Cr | ₹133 Cr | ₹161 Cr |
| Fixed assets | ₹3 Cr | ₹5 Cr | ₹7 Cr | ₹8 Cr | ₹8 Cr | ₹16 Cr |
| Capital work in progress | ₹4 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other assets | ₹20 Cr | ₹44 Cr | ₹49 Cr | ₹88 Cr | ₹125 Cr | ₹144 Cr |
| Total assets | ₹26 Cr | ₹49 Cr | ₹57 Cr | ₹97 Cr | ₹133 Cr | ₹161 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, DIIs added +0.31 pp while the public trimmed −0.27 pp. The shareholder count shrank 7% to 995.
- Promoters
- 69.6%
- FIIs
- 0.5%
- DIIs
- 4.4%
- Public
- 25.5%
Since Mar 2025
- DIIs +0.31 pp
- Public −0.27 pp
- Promoters −0.21 pp
How it drifted, 6 quarters
Over this window the public went from 12.5% to 25.5% — +13.0 pp.
Ownership split by quarter, oldest first. Oct '23: Promoters 73.6%, FIIs 4.3%, DIIs 9.5%, Public 12.5%.Mar '24: Promoters 73.6%, FIIs 0.0%, DIIs 3.3%, Public 23.1%.Sep '24: Promoters 73.6%, FIIs 0.4%, DIIs 3.3%, Public 22.7%.Mar '25: Promoters 69.8%, FIIs 0.3%, DIIs 4.1%, Public 25.8%.Sep '25: Promoters 69.8%, FIIs 0.4%, DIIs 3.8%, Public 26.1%.Mar '26: Promoters 69.6%, FIIs 0.5%, DIIs 4.4%, Public 25.5%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Samit Garg +10.63 pp 31.94% held
- Sgj Capital Advisors Private Limited newly disclosed 1.12% held
The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of E Factor Experie above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Samit Garg | 31.94% | +10.63 pp |
| Jai Thakore | 26.98% | −0.09 pp |
| Manika Garg | 10.64% | unchanged |
| India-Ahead Venture Fund VC / PE | 3.25% | unchanged |
| Sgj Capital Advisors Private Limited | 1.12% | newly disclosed |
| Hem Finlease Private Limited | 1.04% | −1.17 pp |
| Aryamaan Thakore | 0.00% | unchanged |
| Sonali Thakore | 0.00% | unchanged |
| Aruna Garg | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (3)
Read the Q4 FY26 call →Learn to analyse E Factor Experie
Guides on how to read this kind of business and the numbers that matter.