Sastasundar Ventures Ltd

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NSEBSE

353.702.90 (0.83%)

12:00 AM,2nd Mar 2024

355.403.20 (0.91%)

12:00 AM,2nd Mar 2024

BSE : 533259

NSE : SASTASUNDR

Sector : Financials

ISIN Code : INE019J01013

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Last Updated: Mar 02 2024 | 12:00 AM IST

Market Cap (₹ Cr)

1125

Turnover (₹ Cr)

0.02

Volume (Shares)

5095

Face Value

10

52-WK High

506.75

52-WK High Date

22 Nov 2023

52-WK Low

215.50

52-WK Low Date

29 Mar 2023

All Time High

580.00

All Time High Date

10 Jan 2022

All Time Low

17.05

All Time Low Date

14 Oct 2013

Sastasundar Ventures Ltd

Sastasundar Ventures Ltd. (formerly known Microsec Financial Services Ltd) is a non-banking financial company registered with the RBI. The company is a financial services company primarily providing retail broking and investment banking services. They provide financial products and services to their client base of retail investors high net worth individuals companies and institutions. At present the Company is focusing largely on the business of digital network of healthcare and portfolio management services.The company is engaged in the financing and investment business which primarily comprises giving loans against shares and making investments. In their financing and investment business the company offers loans against shares to its clients secured by liquid and marketable securities at appropriate margin levels. The company derives a major portion of their revenues from Eastern India especially Kolkata.Microsec Financial Services Ltd was incorporated on June 6 1989 as a private limited company with the name Satyam Fiscal Services Pvt Ltd. In October 17 2005 the name of the company was changed from Satyam Fiscal Services Pvt Ltd to Microsec Financial Services Pvt Ltd. In October 21 2005 the company was converted into a public limited company and the name was changed to Microsec Financial Services Ltd.Initially the company was financial services company and was engaged in the business of financing and investment management. The Company was registered with the RBI as a NBFC since January 29 2003 but did not have significant operations. As a part of the financing activities the company was engaged in the business of providing loans and as a part of the investment management activities they were engaged in the business of trading in securities.In the year 2005 the promoters acquired the entire shareholding of the Company from the previous shareholders. In August 1 2005 800000 equity shares were transferred to Banwari Lal Mittal and In October 1 2005 5340 equity shares were transferred to LKPL Abha Mittal Prabhu Dayal Khaitan Bharati Sharma Ravi Kant Sharma and Sushila Devi Khaitan. In November 24 2005 the company acquired the entire shareholding of Microsec Capital Ltd. Simultaneously Microsec Capital Ltd's subsidiaries Microsec Commerze Ltd and Microsec Risk Management Ltd (now Microsec Insurance Brokers Limited) became the indirect subsidiaries of the company. In February 1 2006 the company acquired the entire shareholding of Microsec Resources Pvt Ltd. As per the scheme of amalgamation Ravindra Shelter Ltd was amalgamated with the company.In March 30 2006 the company acquired the entire share capital of MIL Technologies Ltd (now Microsec Technologies Ltd). Also erstwhile Microsec Technologies Ltd was amalgamated with the MIL Technologies Ltd with effect from March 17 2008 and was renamed as Microsec Technologies Ltd. In February 9 2009 Microsec Technologies Ltd acquired the entire shareholding of PRP Technologies Ltd and thus of PRP Technologies Ltd the indirect subsidiary of the company.During the year 2008-09 Shringar Vinimay Pvt Ltd became a wholly owned subsidiary of the company with effect from February 26 2009. Shringar Vinimay Pvt Ltd was engaged in the business of consultancy. Subsequently in March 1 2009 Shringar Vinimay Pvt Ltd was amalgamated with the company.As at June 30 2010 the company had a network of 239 branches (which includes 237 branches of MCap and 2 branches of MCL) out of which 99 branches (which includes 97 branches of MCap and 2 branches of MCL) were located in Kolkata (where we also have our headquarters). In addition 79 branches of MCap were located in West Bengal excluding Kolkata.In July 19 2010 the company and Debashish Ghoshal formed a limited liability partnership i.e. Microsec Invictus Advisors LLP to carry on the business of professional and consultancy services. The Company acquired 100% stake of Microsec Health Buddy Limited (formerly Myjpoy Fun &Food Pvt Ltd) (MHBL) and integrated business of forseegame.com with Microsec Technologies Limited a 100% ultimate subsidiary of Company. It launched sastasundar.com - an innovative digital pharmacy and healthcare store in 2014.The Company got into a Share Purchase Agreement (SPA) on 19th April 2016 for sale of 100% shareholding in Microsec Capital Limited (MCL) (the Demerged Comapny) through Scheme of Arrangement between Microsec Capital Limited (MCap) the wholly owned subsidiary company and Microsec Commerze Limited (MCL) a wholly owned subsidiary of Microsec Capital Limited and PRP Technologies Limited. The proposed scheme of arrangement envisages transfer of Consultancy and Investment undertakings of Microsec Capital Limited and Mirosec Commerze Limited into PRP Technologies Limited.Sasta Sundar Shop Private Limited a wholly owned subsidiary was merged with Microsec Health Buddy Limited on 27th May 2015 through scheme of arrangement w.e.f. 1st April 2015.During FY 2018-19 the Company entered into a Share Purchase Agreement (SPA) with Genu Path Labs Limited and Sastasundar Healthbuddy Limited on 5th March 2019. In terms of such SPA the Company has sold the investment in Genu Path Labs Limited to Sastasundar Healthbuddy Limited for a consideration of Rs. 6 crores and resultantly the transaction concluded on 9th April 2019. A new subsidiary was incorporated in the name and style Happymate Foods Limited to venture into Food business in 2018-19.The Scheme of Amalgamation of PRP Technologies Limited (PTL) Myjoy Tasty Food Private Limited (MTFPL) and Myjoy Hospitality Private Limited (MHPL) (the Transferor Companies) with the Company was approved by the Central Government on 9th January 2018 and consequently all the assets and liabilities of the PRP Technologies Limited (PTL) Myjoy Tasty Food Private Limited (MTFPL) and Myjoy Hospitality Private Limited (MHPL) (Transferor Companies) was transferred to the Company.During the year 2021-22 Sastasundar Healthbuddy Limited (SHBL) a subsidiary of the Company entered into a share subscription and purchase agreement dated 19th November 2021 and a shareholders' agreement dated 19th November 2021 with Flipkart Health Private Limited pursuant to SHBL's divestment of its equity holding in Sastasundar Marketplace Limited (SML) a wholly owned subsidiary of SHBL. Consequent to the above-mentioned transaction Flipkart Health Private Limited holds 75.1% of equity share capital of SML and the balance 24.9% of equity share capital of SML continues to be held by SHBL and hence SML ceased to be a step-down subsidiary of the Company on December 9 2021. Post completion of this strategic partnership with Flipkart the SastaSundar mobile APP and the website was renamed as FlipKart Health Plus. Thus Sastasundar Marketplace Limited (SML) [Now known as Flipkart Health Limited] became Associate Company effective from December 9 2021.

Sastasundar Ventures Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1125

EPS - TTM (₹) [S]

0.07

P/E Ratio (X) [S]

4.12

Face Value (₹) 10
Latest Dividend (%)10.00
Latest Dividend Date 23 Jul 2012
Dividend Yield (%) -
Book Value Share (₹) [S]85.76
P/B Ratio (₹) [S]4.12
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Motilal Oswal S&P BSE Healthcare ETF 0.00 78 0.03

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

347.00

358.00

Week Low/High

342.50

394.00

Month Low/High

342.50

452.00

Year Low/High

215.50

507.00

All time Low/High

16.20

580.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-8.24%-8.09%0.910.75%
1 Month-17.66%-17.34%2.392.40%
3 Month-24.11%-24.11%9.3710.41%
6 Month23.18%22.64%12.8815.14%
1 Year31.00%30.66%25.2929.19%
3 Year176.11%175.25%46.7450.00%

Company Info

Company Information

Chairman & Managing Director : Banwari Lal Mittal

Director : Ravi Kant Sharma

Independent Director : Parimal Kumar Chattaraj

Director : Abha Mittal

Independent Director : Rupanjana De

Company Sec. & Compli. Officer : PRATAP SINGH

Independent Director : J. N. Mukhopadhyaya

Additional Director : Anjana Dikshit

Registered Office: Azimganj House 2nd Floor, 7 Abanindra Nath Thakur Sarani,Kolkata,West Bengal-700017 Ph: 91-33-22829330

Email:info@sastasundar.com

URL:http://www.sastasundarventures.com