Loading...

Escorp Asset Management

BSE:540455
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
540455
BSE
₹119M
Market Cap
  1. Home
  2. IN
  3. Diversified Financials
Company description

Escorp Asset Management Limited provides portfolio management services and manages funds. The last earnings update was 155 days ago. More info.


Add to Portfolio Compare Print
540455 Share Price and Events
7 Day Returns
0%
BSE:540455
0.4%
IN Capital Markets
1.7%
IN Market
1 Year Returns
-
BSE:540455
-27.9%
IN Capital Markets
0.1%
IN Market
540455 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Escorp Asset Management (540455) 0% 0% 4.7% - - -
IN Capital Markets 0.4% 3.5% -1.7% -27.9% 59.2% 139%
IN Market 1.7% 2.7% 5.8% 0.1% 41.6% 73.3%
1 Year Return vs Industry and Market
  • No trading data on 540455.
  • No trading data on 540455.
Price Volatility
540455
Industry
5yr Volatility vs Market

Value

 Is Escorp Asset Management undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Escorp Asset Management. This is due to cash flow or dividend data being unavailable. The share price is ₹17.8.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Escorp Asset Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Escorp Asset Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:540455 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in INR ₹0.07
BSE:540455 Share Price ** BSE (2019-03-08) in INR ₹17.8
India Capital Markets Industry PE Ratio Median Figure of 171 Publicly-Listed Capital Markets Companies 14.86x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Escorp Asset Management.

BSE:540455 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540455 Share Price ÷ EPS (both in INR)

= 17.8 ÷ 0.07

242.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Escorp Asset Management is overvalued based on earnings compared to the IN Capital Markets industry average.
  • Escorp Asset Management is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Escorp Asset Management's expected growth come at a high price?
Raw Data
BSE:540455 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 242.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
35.5%per year
India Capital Markets Industry PEG Ratio Median Figure of 12 Publicly-Listed Capital Markets Companies 1.58x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Escorp Asset Management, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Escorp Asset Management's assets?
Raw Data
BSE:540455 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in INR ₹22.69
BSE:540455 Share Price * BSE (2019-03-08) in INR ₹17.8
India Capital Markets Industry PB Ratio Median Figure of 267 Publicly-Listed Capital Markets Companies 0.69x
India Market PB Ratio Median Figure of 3,626 Publicly-Listed Companies 1.12x
BSE:540455 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540455 Share Price ÷ Book Value per Share (both in INR)

= 17.8 ÷ 22.69

0.78x

* Primary Listing of Escorp Asset Management.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Escorp Asset Management is overvalued based on assets compared to the IN Capital Markets industry average.
X
Value checks
We assess Escorp Asset Management's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Escorp Asset Management has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Escorp Asset Management expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Escorp Asset Management, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
35.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Escorp Asset Management expected to grow at an attractive rate?
  • Escorp Asset Management's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Escorp Asset Management's earnings growth is expected to exceed the India market average.
  • Unable to compare Escorp Asset Management's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:540455 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:540455 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 35.5%
India Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 15%
India Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 21.3%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:540455 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:540455 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-09-30 3 1
2018-06-30 3 1
2018-03-31 3 -4 1
2017-12-31 4 1
2017-09-30 3 2
2017-06-30 3 2
2017-03-31 5 -2 2
2016-03-31 0 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Escorp Asset Management's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Escorp Asset Management is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:540455 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Escorp Asset Management Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540455 Past Financials Data
Date (Data in INR Millions) EPS *
2018-09-30 0.07
2018-06-30 0.10
2018-03-31 0.12
2017-12-31 0.18
2017-09-30 0.30
2017-06-30 0.39
2017-03-31 0.40
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Escorp Asset Management will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Escorp Asset Management's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Escorp Asset Management has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Escorp Asset Management performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Escorp Asset Management's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Escorp Asset Management has delivered over 20% year on year earnings growth in the past 5 years.
  • Escorp Asset Management's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Escorp Asset Management's 1-year earnings growth is negative, it can't be compared to the IN Capital Markets industry average.
Earnings and Revenue History
Escorp Asset Management's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Escorp Asset Management Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540455 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 2.64 0.52
2018-06-30 2.78 0.66
2018-03-31 2.91 0.80
2017-12-31 3.99 1.22 -0.03
2017-09-30 2.77 1.63 0.00
2017-06-30 2.80 1.72 0.00
2017-03-31 5.12 1.81
2016-03-31 0.03 0.02
2015-03-31 0.01 0.00 0.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Escorp Asset Management has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Escorp Asset Management used its assets less efficiently than the IN Capital Markets industry average last year based on Return on Assets.
  • Escorp Asset Management's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Escorp Asset Management's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Escorp Asset Management has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Escorp Asset Management's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Escorp Asset Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Escorp Asset Management is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Escorp Asset Management's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Escorp Asset Management's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Escorp Asset Management has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Escorp Asset Management Company Filings, last reported 6 months ago.

BSE:540455 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 166.74 0.00 4.89
2018-06-30 166.74 0.00 4.89
2018-03-31 148.19 0.00 26.99
2017-12-31 148.19 0.00 26.99
2017-09-30 111.00 0.00 26.40
2017-06-30 111.00 0.00 26.40
2017-03-31 83.15 26.50 26.22
2016-03-31 0.12 0.01 0.12
2015-03-31 0.11 0.01 0.12
  • Escorp Asset Management has no debt.
  • Escorp Asset Management currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Escorp Asset Management has no debt, it does not need to be covered by operating cash flow.
  • Escorp Asset Management has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Escorp Asset Management's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Escorp Asset Management has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Escorp Asset Management's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Escorp Asset Management dividends.
If you bought ₹2,000 of Escorp Asset Management shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Escorp Asset Management's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Escorp Asset Management's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:540455 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 61 Stocks 1.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Escorp Asset Management has not reported any payouts.
  • Unable to verify if Escorp Asset Management's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Escorp Asset Management's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Escorp Asset Management has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Escorp Asset Management's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Escorp Asset Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Escorp Asset Management has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Escorp Asset Management's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shripal Shah
COMPENSATION ₹0
AGE 34
TENURE AS CEO 0.1 years
CEO Bio

Mr. Shripal Shrenik Shah, CFA serves as the Whole Time director of Escorp Asset Management Limited since March 27, 2019 and Chief Financial Officer at Escorp Asset Management Limited since January 16, 2017 and has been its Executive Director since February 13, 2011. Mr. Shah serves as the Chairman of Escorp Asset Management Limited. He serves as thr Chief Financial Officer at Aryaman Financial Services Limited and has been its Executive Director since October 24, 2008. Mr. Shah serves as Chief Financial Officer of Aryaman Capital Markets Limited and has been its Executive Director since July 22, 2008. He served as a Vice President of the Merchant Banking Division at Aryaman Capital Markets Limited. He has been associated with Promoter Company, AFSL since 2008. He served as Vice President of the Merchant Banking Division at Aryaman Financial Services Limited. He is the Founder of Aryaman Company having incorporated it in 2008 after the management change. He has an experience of over 11 years in the field of finance and investments. He served at J P Morgan Chase. Mr. Shah served as the Chief Financial Officer at Aryaman Financial Services Limited. He serves as a Director of Mahshri Enterprises Private Limited. Previously, he also served as a Non-Executive Director of Aryaman Financial Services Ltd. Mr. Shah is a Management Graduate (International Finance), BMS and a CFA (USA).

CEO Compensation
  • Insufficient data for Shripal to compare compensation growth.
  • Shripal's remuneration is lower than average for companies of similar size in India.
Management Team

Shripal Shah

TITLE
Chairman & CFO
AGE
34
TENURE
0.1 yrs

Shreyas Shah

TITLE
Chief Investment Officer & Executive Director
AGE
30

Gunjan Kataruka

TITLE
Company Secretary & Compliance Officer
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Escorp Asset Management board of directors in years:

2.5
Average Tenure
34
Average Age
  • The average tenure for the Escorp Asset Management board of directors is less than 3 years, this suggests a new board.
Board of Directors

Shripal Shah

TITLE
Chairman & CFO
AGE
34

Shreyas Shah

TITLE
Chief Investment Officer & Executive Director
AGE
30
TENURE
2.8 yrs

Darshit Parikh

TITLE
Non Executive Independent Director
COMPENSATION
₹40K
AGE
33
TENURE
2.8 yrs

Supriya Tatkar

TITLE
Non Executive Independent Director
COMPENSATION
₹40K
AGE
35
TENURE
2.3 yrs

Haresh Sanghvi

TITLE
Non Executive Independent Director
COMPENSATION
₹20K
AGE
64
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Escorp Asset Management's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Escorp Asset Management has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Escorp Asset Management Limited provides portfolio management services and manages funds. The company offers institutional fund management and advisory, financial planning and other personal financial advisory, personal tax planning and advisory, corporate treasury advisory, investment advisory, and research advisory services. The company was incorporated in 2011 and is based in Mumbai, India. Escorp Asset Management Limited is a subsidiary of Aryaman Financial Services Limited.

Details
Name: Escorp Asset Management Limited
540455
Exchange: BSE
Founded: 2011
₹118,726,000
6,670,000
Website: http://escorpamc.co.in
Address: Escorp Asset Management Limited
718- A, P.J. Towers,
Dalal Street,
Mumbai,
Maharashtra, 400001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540455 Equity Shares Mumbai Stock Exchange IN INR 17. Apr 2017
Number of employees
Current staff
Staff numbers
0
Escorp Asset Management employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 13:06
End of day share price update: 2019/03/08 00:00
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.