Investor presentationJun 2026
Jun 2026 · PPT
Source: Nse
E Factor Experiences Ltd. (EFACTOR)
SME CapServices stocks · SME cap · NSE
E-Factor has transformed from an execution-led experiential events company into a creator of experiential infrastructure, cultural destinations, immersive tourism, and IP-led experiences. It operates at the intersection of tourism, heritage, culture, technology, and public engagement, focusing on long-term government spending and destination development.
₹204.55
+10.70 · +5.52%
Market cap ₹255 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:56 pm ISTDetails
Quote19 Oct, 05:56 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result01 Jun, 07:53 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Services P/E 17.7 (n=143)
Technical timing lens
Trend score and candlestick chart
53NeutralMACD +
Stock trend: 53
Sector RS: —
Services FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but exact sector-index confirmation is unavailable. View sector evidence
Technical chart
EFACTORD candles · FIT view-17.9%Latest close ₹204.55 on 2026-10-19
Bar
+1.8%
RSI
63
MACD hist
1.83
52W pos
28%
2026-10-19O ₹201.00H ₹208.00L ₹194.95C ₹204.55Vol 17,200 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
EFACTORNifty 500
- EFACTOR
- +27.8%
- Nifty 500
- -5.6%
- Vs Nifty 500
- +33.5 pp
Chart stats
19 Oct 2026- From 52W high
- -41.2%
- 52W range position
- 28%
- ATR (14)
- 5.7%
- Volume vs 20D
- 1.26x
- Avg traded value
- ₹0.3 Cr
- 20D price channel
- ₹150 - ₹208
₹348
₹150 - ₹348
₹11.7
Latest completed session
20-session average
63.5% annualized volatility
No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE56
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +9.4% · PAT +0.0% YoY
Technical
Neutral53
Price trend and sector-relative-strength timing.
Valuation
Legacy model+48.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence70
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Bad · 0/100PAT 0% YoY · margin compression · Rev +9% YoY · +162% QoQ
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹139 Cr | +9.4% | +162.3% |
| EBITDA | ₹21 Cr | NDF | +162.5% |
| Operating margin | 15.0% | NDF | +0 bps |
| PAT | ₹15 Cr | +0.0% | +200.0% |
| PAT margin | 10.8% | NDF | +136 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 12.90
- P/B
- 2.82
- EV/EBITDA
- 9.81
- Market Cap
- 255.00Cr
Profitability
- ROE
- 24.40%
- ROCE
- 24.70%
- ROA
- 12.42%
- Dividend Y
- 0.62%
Growth (CAGR)
- Revenue 5Y
- 98.00%
- EPS 5Y
- 77.00%
- Revenue 3Y
- 17.00%
- EPS 3Y
- 38.00%
Balance Sheet
- Debt/Equity
- 0.54
- Interest Coverage
- 29.00×
- Altman Z
- 4.81
- Book Value
- 68.80
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- —
- EPS TTM
- 14.99
Shareholding
- Promoter Hold
- 69.56%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 22%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 191+11.0% vs prev
Net Profit
₹ CrLatest: 20.0+0.0% vs prev
Return on Equity
%Latest: 22.2-21.1% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 63. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 63 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 41% off 52W high · 36% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
56
RS percentile
Stage 3 Topping
1M return
+26.0%
3M return
+27.8%
6M return
+6.5%
1Y return
-24.2%
RS 1D
+10
RS 20D
+38
Sector rank
#12
Industry rank
-
Stage evidence
- 40.7% below the 52-week closing high after prior strength.
- The 30-week proxy has stalled (-4.8% over 20 sessions).
- Price has not yet confirmed a full Stage 4 downtrend.
50-DMA
price above
200-DMA
price below
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
243 observations
19 Oct 2026Value 79.54+6.61%
RS vs Nifty 50080
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · FAIR VALUEValuation13/30
Growth19/25
Quality14/20
Balance Sheet8/15
Cash Flow2/10
Piotroski
6/9 (+3)
Penalties
-3
Raw sum
56
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
56/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 48.6%.
- Growth contributes 19/25 to the score.
- Quality contributes 14/20 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Cash flow is weaker at 2/10; verify the latest quarterly trend.
- Valuation is weaker at 13/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
12.9
PB
2.8
EV/EBITDA
9.8
ROE
24.4%
ROCE
24.7%
FCF Yield
—
Debt/Equity
0.5
MoS
+48.6%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
56
Previous: 56
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+48.6%
Previous: +48.6%
Score history
12 stored score snapshots. Latest stored move: -3 points.
20 Oct 2026
v4.3-runtime-valuation
60
60
60
60
60
60
60
59
59
59
59
56
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹152.33
-34.3% MoS
Growth-justified P/E
26.6
Growth-justified Value
₹397.98
+48.6% MoS
PEG
0.21
Comparable companies
Peers
Business-comparable peers in Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
PARTYCRUS
SME
Party Cruisers Ltd.
Event Management
match 84
68
11.1
25.0%
+58%
UNDERVALUED
ASHWINI
SME
Ashwini Container Movers Ltd.
Logistics
match 20
60
17.6
25.1%
+35%
UNDERVALUED
ARIHANTACA
SME
Arihant Academy Ltd.
Education
match 19
56
30.3
31.1%
-14%
FAIR VALUE
WTICAB
SME
Wise Travel India Ltd.
Travel Services
match 18
69
8.1
15.4%
+70%
UNDERVALUED
FWSTC
SME
Flywings Simulator Training Centre Ltd.
Aviation
match 18
41
24.8
17.4%
+7%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-07-02T07:31:31.139Z
Management commentary snapshot
FY26 revenue grew 11.5% YoY to INR191.44 crores, below prior guidance due to West Asia crisis-led project postponements. Profitability moderated due to strategic investments in talent and capabilities for future growth.
Revenue missed guidance due to project postponements from the West Asia crisis, impacting short-term performance. Management is making strategic investments in capabilities and talent, which moderated profitability but are positioned for long-term growth in experiential infrastructure and IP-led segments. Future pipeline is strong, but management is conservative on conversion.
Growth engines
Tourism-led Initiatives & Destination Experiences
strong momentum across eco-retreats, glamping projects, cultural tourism programs, tourism festivals.
Permanent Experiential Infrastructure
deepen our presence with museums, cultural centers, interpretation centers, and immersive storytelling environments.
Proprietary Intellectual Properties (IPs)
building proprietary intellectual properties and scalable experience formats capable of generating long-term recurring value.
B2C Segment Expansion
intending to get into the B2C space with immersive technology and Shiva Immersive show.
Capacity and execution
Team Expansion
expanded our in-house team to over 75 professionals across specialized disciplines.
Industry & Technology Capabilities
strengthened our industry and technology capabilities, enhanced execution systems.
Business Development Investment
invested significantly in business development and the opportunity of creation to build a healthier opportunity pipeline.
Tailwinds
Government Spending on Creative Sector
leadership of our country... started to give to the creative sector. Many important initiatives, a lot of effort being focused.
India's Multi-Decade Opportunity
India today stands at the beginning of what we believe is a multi-decade opportunity around tourism, heritage, culture, immersive public experiences, and destination development.
Supportive Policy Environment
policy environment is becoming increasingly supportive of India's emerging orange economy, encompassing culture, creativity, tourism, content, immersive experiences.
Spiritual & Cultural Tourism Promotion
government allocation is almost more than INR100,000 crores on spiritual tourism and development of corridors.
Headwinds
Global Geopolitical Crises
West Asia crisis and what has been ongoing in the Middle East, two of our very large projects... got postponed.
Uncertainty as a Constant
uncertainty is now a constant, and we need to probably more intelligently account for that in our business planning.
Risk radar
Execution Risk with Expansion
considerable focus that we have been giving on increasing the backend infrastructure in terms of human ability to handle execution.
Dependence on Government Projects
90% of our revenue right now is coming from government sector, aiming to balance it in 2-3 years.
Global Catastrophes & Dislodges
when global catastrophes and dislodges like this happen, everybody is taken a back foot... we don't have a solution.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The company explicitly reported full-year FY26 consolidated revenue growth on a year-on-year basis. The business involves large-format projects and seasonal events, making YoY comparison more relevant for assessing overall performance trends.
Sector KPIs management disclosed
Consolidated Revenue from Operations
increased by 11.5% year-on-year basis to INR191.44 crores
SkyWaltz Balloon Safari Revenue
approximately INR11.2 crores
SkyWaltz Balloon Safari PAT
for the first time of INR1.3 crores
Current Ratio (Consolidated)
improved to 2.08x
Management forward view
Strategic Shift to Long-Term Value
consciously transformed ourselves from being primarily an execution-led experiential events company into a creator of experiential infrastructure.
Building Robust Opportunity Pipeline
built the largest qualified opportunity of pipeline in the company's history... INR500 crores to INR550 crores for FY27.
Conservative Revenue Target for FY27
aspiring to achieve at least a 60% of that number [INR500-550 crores] in the current financial year.
Long-Term Sustainable EBITDA Margin
EBITDA margins will reduce as we move along... 14% to 15% is a good sustainable number.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| FY27 Revenue Target | INR300 crores to INR330 crores (60% of INR500-550 crores pipeline) | Achievement of conservative revenue target, indicating improved project conversion despite uncertainties. |
| Private Sector Revenue Contribution | 10% of total revenue (FY26) | Increase towards 25% target in FY27, demonstrating successful diversification away from government dependence. |
| Order Book Growth | Close to INR80-82 crores at start of FY27 | Consistent build-up of the order book throughout FY27, especially from permanent infrastructure projects. |
| EBITDA Margin | 15% (consolidated level) | Maintenance near 14.5% target, balancing strategic investments with profitability. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
70Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 63rd percentile of the scored universe and 73rd percentile within Services. Main check: cash conversion is weak at 55/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
6 docs text-extracted · 3 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
63rd percentile
overall median 67 · Services: 73rd pctile, median 66 · SME: 81st pctile, median 64
Evidence depth
Financial-only
6 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
55
watch · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
80
strong · capital discipline
Results
57
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 69.6%.
- ▸Promoter pledge is zero.
- ▸ROCE is 24.7%.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Promoter holding fell 4%.
- ▸ROCE trend is -16%.
- ▸OPM spread across recent quarters is 18.3%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching E Factor Experiences Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
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Investor presentationNov 2025
Nov 2025 · PPT
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Concall transcriptNov 2025
Nov 2025 · Transcript
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Investor presentationNov 2025
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Concall transcriptJun 2025
Jun 2025 · Transcript
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Annual report
Updates 31 Aug - FY 2025-26 annual report and 24th AGM notice sent electronically.
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Annual reportMar 2025
Mar 2025 · Annual Report 2025
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All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.