Pune E - Stock Broking Ltd

BSE: 544141

₹ 247.1-5.25%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 392 crWebsite: www.pesb.co.inUpdated: 24 Oct 2026

About

Pune E - Stock Broking is a full-service capital-markets intermediary that started in 2007. It is a corporate member of NSE, BSE and MCX and a Depository Participant of CDSL. It offers broking, margin trading funding, merchant banking, mutual fund distribution and alternative-investment products. Revenue from operations was ₹53.87 Cr in FY26, and the company has 65,000+ clients.^[1][2][3]

Business segments

The group reports one operating segment covering equity, currency and commodity broking, NBFC and related activities (FY26).^[1]

Products and services

The company offers equities and derivatives broking, commodity and currency trading, a Margin Trading Facility, depository services, merchant banking, MF distribution, research, algo trading and portfolio/AIF products (FY26).^[1]
It holds SEBI Research Analyst, Market Making and Category III AIF licences (FY26 annual report).^[1]
PESB Alpha Fund, a Category III AIF, had ₹55 Cr AUM (Q1 FY27 call).^[3]
Mutual fund distribution exceeds ₹240 Cr across 36 AMCs, 513 schemes and 1,622 investors (Q1 FY27 call).^[3]

Key operating numbers

The MTF book was ₹100 Cr+ in FY26 and is funded by short-term borrowings, which rose to ₹47.0 Cr.^[3]
The company had 65,000+ total clients and 17,000+ traded clients, according to the Q1 FY27 call.^[3]
Clients held ₹9,000 Cr+ in demat value, according to the Q1 FY27 call.^[3]
Client account balances rose 15.1% during FY26.^[1]
F&O volumes and brokerage were hit by SEBI derivatives curbs (FY25 and FY26 annual reports).^[4][1]

Distribution and group structure

Services are delivered through proprietary and franchise branches (Authorised Persons) in multiple cities, supported by an in-house research desk and relationship managers (FY26).^[1]
Group entities include Pune Finvest Limited, Pune E-Stock Broking IFSC Limited (GIFT City), PESB Alpha Fund and PESB Asset Management LLP (FY26).^[1]
The GIFT City IFSC subsidiary gives access to NRI and global-investor flows and to IFSC-based products (FY26).^[1]

Expansion plans

The company targets 1 lakh+ customers by 2027, up from 65,000+ (Q1 FY27 call).^[3]
Insurance advisory under QURA Insure is due to start formally in September 2026, with plans to cross-sell to 65,000 clients (Q1 FY27 call).^[3]
Plans include flagship retail branches, a larger MTF book and open-API algo trading for retail clients (Q1 FY27 call).^[3]
The company plans to scale its recently licensed market-making and merchant-banking businesses and to launch basket investing (FY26 annual report).^[1]

Recent developments

In July 2026 the company received IRDAI approval to act as a Corporate Agent distributing insurance products.^[1]
The company drew ₹25 crore from Piramal Enterprises against its MTF book (FY26 annual report).^[1]
The company raised ₹34.20 crore through warrants for working capital and had used ₹10.26 crore by 31.3.2026. A further 18 lakh warrants were issued in FY27.^[1]

Named risks

The FY26 annual report names regulation, competition from discount brokers, MTF credit risk, liquidity and cyber risk.^[1]
Liquidity is managed through diversified funding lines, a large fixed-deposit buffer and quarterly liquidity stress tests (FY26).^[1]

Market Cap

₹392 Cr

High / Low

₹334 / 185

Stock P/E

19.5

Price / Book

2.7

Book Value

₹106

EPS

₹12.7

No. of Shares

1.58 Cr

ROE

12.3%

Sales

₹54 Cr

Net Profit

₹20 Cr

Promoter holding

50.8%

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