MSAFE
Msafe Equipments financials
- Market cap
- ₹309 Cr
Quarterly results
Q1 FY27: revenue down 18.5%, net profit up 21.2% against the same quarter last year.
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 39 | 23 | 49 | 28 | 32 −18% |
| EBITDA | 13 | 9 | 19 | 11 | 13 −3% |
| Net profit | 6 | 5 | 10 | 7 | 7 +21% |
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 +95.7% YTD
YTD: ₹150.3 on 4 Feb 2026 → ₹294.1. High ₹294.1 (11 Sept 2026), low ₹106.85 (27 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹16 Cr | ₹20 Cr |
| Reserves | ₹0 Cr | ₹2 Cr | ₹5 Cr | ₹12 Cr | ₹20 Cr | ₹78 Cr |
| Borrowings | ₹9 Cr | ₹11 Cr | ₹20 Cr | ₹26 Cr | ₹38 Cr | ₹39 Cr |
| Other liabilities | ₹2 Cr | ₹7 Cr | ₹7 Cr | ₹10 Cr | ₹14 Cr | ₹12 Cr |
| Total liabilities | ₹11 Cr | ₹20 Cr | ₹34 Cr | ₹48 Cr | ₹88 Cr | ₹149 Cr |
| Fixed assets | ₹7 Cr | ₹13 Cr | ₹22 Cr | ₹27 Cr | ₹40 Cr | ₹49 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹4 Cr | ₹7 Cr | ₹11 Cr | ₹21 Cr | ₹48 Cr | ₹100 Cr |
| Total assets | ₹11 Cr | ₹20 Cr | ₹34 Cr | ₹48 Cr | ₹88 Cr | ₹149 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 Jun 2026
Since Mar 2026, the public added +2.16 pp while DIIs trimmed −1.34 pp. The shareholder count grew 82% to 1,014.
- Promoters
- 73.2%
- FIIs
- 2.2%
- DIIs
- 7.6%
- Public
- 17.0%
Since Mar 2026
- Public +2.16 pp
- DIIs −1.34 pp
- FIIs −1.20 pp
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ajay Kumar Kanoi +0.37 pp 25.04% held
- Gupta Ananya - 2 newly disclosed 0.04% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Msafe Equipments Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ajay Kumar Kanoi | 25.04% | +0.37 pp |
| Pradeep Aggarwal | 16.48% | unchanged |
| Vansh Aggarwal | 16.37% | unchanged |
| Gaurav Ajay Kumar Kanoi | 7.84% | unchanged |
| Rajani Ajay Kanoi | 3.92% | unchanged |
| Sageone-Flagship Growth Oe Fund AIF | 2.37% | unchanged |
| NAV Capital Vcc - NAV Capital Emerging Star Fund FPI fund | 1.78% | unchanged |
| Navbharat Investment Trust-Navbharat Investment Opportunities Fund AIF | 1.73% | −0.60 pp |
| Rushil Agarwal | 1.57% | unchanged |
| Monika Agarwal | 1.57% | unchanged |
| Bharat Venture Opportunities Fund VC / PE | 1.00% | unchanged |
| Shankarlal Lalchand Kanoi | 0.18% | unchanged |
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.
Learn to analyse Msafe Equipments Limited
Guides on how to read this kind of business and the numbers that matter.