Encompass Design India Ltd. (ENCOMPAS)
SME CapServices stocks · SME cap · NSE
Encompass Design India Ltd. is a multi-brand digital-first enterprise that evolved from a trading company. It operates across three verticals: Trading & Supply Chain, E-commerce Services, and Own Consumer Brands (Stoa Paris, Small Batch, QuirkLoom), focusing on innovation, brands, and e-commerce.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is acceptable, price trend is neutral, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Average · 30/100YoY data unavailable — classification deferred
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹40 Cr | NDF | +42.9% |
| EBITDA | ₹12 Cr | -14.3% | +33.3% |
| Operating margin | 30.0% | -500 bps | -100 bps |
| PAT | ₹8 Cr | NDF | +60.0% |
| PAT margin | 20.0% | -564 bps | +214 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
ENCOMPAS reported strong FY26 results with Revenue up 24.6% YoY to ₹6,812 L and PAT up 20.8% YoY to ₹1,302 L. EBITDA margin held above 30% at 30.9%, and the company achieved a near debt-free status post-IPO with D/E at 0.16x, significantly improving liquidity with a current ratio of 2.92x.
The company demonstrates robust growth across its diversified business pillars, particularly in its high-growth Own Consumer Brands segment. Strong profitability and a healthy balance sheet post-IPO suggest effective capital allocation and operational efficiency. The strategic focus on premiumization and omnichannel expansion appears well-defined.
Revenue by Pillar (FY26)
Latest issuer-disclosed distribution across 3 reported categories.
Own Consumer Brands
Scaling at +56% YoY in FY26, with a +94% CAGR from FY23-FY26.
Trading & Supply Chain Network
Decade-plus close-network B2B business with +34% CAGR from FY23-FY26.
E-commerce Services & Gated Markets
Digital services & rewards/loyalty platforms with +36% CAGR from FY23-FY26.
Product Portfolio Expansion
Expanding SKU count from 5-10 to 50+ within brands.
Omnichannel Expansion
Expanding into quick commerce, strategic retail, and international markets.
Premiumisation Gaps
Strategy to analyze high Total Addressable Market (TAM) categories for premiumisation gaps.
Underserved Affluent Segments
Focus on identifying and catering to underserved affluent segments.
General Market & Macroeconomic Trends
General market, macroeconomic, governmental, and regulatory trends could cause actual results to differ.
Competitive Pressures
Competitive pressures are identified as a factor that could cause actual developments and results to differ materially.
Technological Developments
Technological developments are cited as a key factor that could impact future business developments.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
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.
The investor presentation primarily focuses on annual financial results, comparing FY26 performance against FY25, and explicitly states year-on-year growth rates for key financial metrics.
Brands Enabled (E-commerce Services)
Enabling 65+ brands across categories and price tiers.
Number of SKUs (Own Consumer Brands)
2,800+ SKUs across all brands.
Total Customer Base (Own Consumer Brands)
>65K+ No. of Customers.
Active Channels (Own Consumer Brands)
10+ Active Channels including D2C, marketplaces, Q-comm, MT/GT.
Nine-Step Brand Playbook
Management employs a structured playbook for brand creation, validation, and scaling, aiming for a high success rate.
Omnichannel Expansion
Future plans include expanding brand presence through quick commerce, strategic retail, and international markets.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Branded Revenue Growth | +56% YoY in FY26 | Sustained double-digit growth and market share gains in premium segments. |
| EBITDA Margin | 30.9% in FY26 | Maintenance of margins above 30% as the company scales its brand portfolio and services. |
| Debt-Equity Ratio | 0.16x in FY26 | Continued low leverage and efficient capital management to fund growth initiatives. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
57NeutralMACD +
Technical chart
ENCOMPASdaily · 1Y · AUTO-7.3%Daily history is available from 2025-12-12; the requested 1Y window is partially covered.
Daily technical trend read
Bullish setupTrend is constructive — long-term trend unclear. RSI 60.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 60 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 15% off 52W high · 53% 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.
Valuation & score drivers
U-Score 49 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 49 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Growth contributes 24/25 to the score.
- Quality contributes 13/20 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Fair-value margin of safety is negative at -6.5%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
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.
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.
Score history
12 stored score snapshots. Latest stored move: -2 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: 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 43/100.
Healthy Trust Lite: Promoter holding is 58.9%. Key concern: Only 1 years of positive FCF.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Services: 73rd pctile, median 66 · SME: 81st pctile, median 64
1 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead 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.
Trust positives
- ▸Promoter holding is 58.9%.
- ▸Promoter pledge is zero.
- ▸ROCE is 25.6%.
Trust risks
- ▸Only 1 years of positive FCF.
- ▸ROCE trend is -20.4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 25.50
- P/B
- 4.06
- EV/EBITDA
- 14.38
- Market Cap
- 332.00Cr
Profitability
- ROE
- 22.80%
- ROCE
- 25.60%
- ROA
- 12.75%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 45.67%
- EPS 5Y
- 36.28%
- Revenue 3Y
- 47.00%
- EPS 3Y
- 90.70%
Balance Sheet
- Debt/Equity
- 0.16
- Interest Coverage
- 10.50×
- Altman Z
- 8.57
- Book Value
- 57.70
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- 6.00 Cr
- EPS TTM
- 9.18
Shareholding
- Promoter Hold
- 58.94%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 49%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Services, ranked by similarity
Peers
Business-comparable names in Services, ranked by similarity
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.