Exhicon Events Media Solutions Ltd

BSE: 543895

₹ 479.7-1.44%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 708 crWebsite: www.exhicongroup.comUpdated: 24 Oct 2026

About

Exhicon Events Media Solutions is an integrated event, exhibition and convention solutions company that provides end-to-end services across the Meetings, Incentives, Conferences and Exhibitions (MICE) ecosystem. It was incorporated in 2010 and has its registered office in Pune. In FY26 it reported revenue of 202.7 and executed over 38 major exhibitions. These served over 9,000 exhibitors and nearly 1.5 million business visitors.^[1][2]

Business and services

In FY26 the company shifted towards an asset-light Venue-as-a-Service (VAS) model, which is built on long-term annuity and rental income.^[1]
New service lines include sports and corporate golf, large corporate catering, helicopter rides for corporates and religious tourism, a UAE exhibition business centre, and real estate in the UAE.^[1]
It publishes Trade Fair Times, which the annual report calls one of Asia's leading trade exhibition publications. It also publishes TradefairTimes Arabia in the UAE.^[1]
The company reported nil research and development expenditure for FY26.^[1]

Venues and operations

As of FY26, the Messe Global Convention Centre at Magarpatta, Pune, is fully operational. The annual report gives its size as 10 acres; the Q4 FY26 call gives it as 7.5 acres.^[1][3]
In FY26 it launched the Messe Global Arena at Kharadi, Pune. The annual report gives its size as 2.5 acres; the Q4 FY26 call gives it as 2 acres.^[1][3]
In FY26 it added management of the 42-acre Lodha Belmondo Golf Course. The Pinewoods golf venue in Pune is also part of its managed portfolio.^[1]
Its event infrastructure inventory is stored in five major Indian cities (as of FY26).^[1]
Subsidiary UHPL added an Airbus H130 helicopter to its fleet in FY26. The helicopter is on a 5-year commercial lease and operates from UHPL's Juhu heli-base.^[1]

Key operating numbers

FY26: over 38 major exhibitions, over 9,000 exhibitors, 16,000 delegates and nearly 1.5 million business visitors.^[1][3]
H2 FY25: 120,000 sqm of event infrastructure created and 120,000 B2B visitors managed. The company managed 120 events between Jun 2024 and Apr 2025.^[4]
ROCE was 35% in FY25.^[4]

Customers and international reach

Clients include Central and State Government bodies, industry associations, exhibition organisers, multinationals and private enterprises in sectors such as hospitality, FMCG, healthcare and manufacturing.^[1]
FY25 government projects included work for the Ministry of Textiles, Rajasthan Tourism, and the UP, Delhi and Maharashtra governments.^[4]
In FY26 it ran its Best of India exhibition series in South Africa, Azerbaijan, Russia and Cambodia. Through its UAE operations it expanded turnkey exhibition services across Europe and the Middle East.^[1]
It is the exclusive Middle East execution partner for 10Times.com, covering digital matchmaking (as of FY26).^[1][3]
The General Insurance Festival of India, organised by Bajaj Allianz and supported by Exhicon, set a Guinness World Record for the largest attendance at an insurance conference.^[1]

Orders and mandates

ACMA awarded the company a 30,000 sqm event infrastructure project for Bharat Mobility Global Expo 2027 at Yashobhoomi, New Delhi.^[1]
Phase 1 (12,000 sqm) of the 24,000 sqm IEML hall mandate in Greater Noida is complete. The company also won a ₹50 Cr expansion order from IEML (Q4 FY26).^[3]
It won a ₹32 Cr Dubai Government infrastructure project (reported in Q4 FY26).^[3]
At the Indore MMLP, the developer funds the capex and the company earns upfront construction revenue. A term sheet has been signed for a proposed 10-year O&M partnership.^[3]

Expansion plans

It won the mandate for the 14-acre Mohali Convention Centre (about ₹75 Cr investment) under a BOT-PPP model. Approvals and structuring are underway.^[3]
The Ayodhya Convention Centre is in planning and development. The company had acquired 5 acres of land in Ayodhya in FY25.^[3][4]
The company plans to extend the VAS platform across NCR, Pune, Mohali, Ayodhya, Indore and Nashik.^[3]
Six international exhibition editions are planned for FY27.^[3]
FY25 plan: rolling capex of ₹100 cr over 3 years for venues and temporary event infrastructure, including ₹50 cr for modular temporary infrastructure.^[4]
The company intends to strengthen its UAE presence in landscaping, MEP, exhibition infrastructure and real estate.^[1]

Recent developments

On February 20, 2026, the DGCA granted subsidiary United Helicharters Private Limited (UHPL) a 5-year Air Operator Permit, valid until 2031.^[1]
UHPL won the exclusive government mandate for the helicopter shuttle on the Mandakini Valley to Shri Kedarnath Ji route, bidding against 9 operators.^[1][3]
The Board approved moving the company's shares from the BSE SME platform to the Main Boards of BSE and NSE. The move is subject to regulatory and shareholder approvals.^[1]

Market Cap

₹708 Cr

High / Low

₹595 / 390

Stock P/E

17.4

Price / Book

6.3

Book Value

₹135

EPS

₹27.6

No. of Shares

1.48 Cr

ROCE

29.5%

ROE

24.3%

OPM

25.4%

Debt / Equity

0.10

Sales

₹203 Cr

Net Profit

₹45 Cr

Promoter holding

49.3%

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