Promoter Stewart Investment Buys Nexome Shares Amid Financial Woes

Stewart Investment & Finance Private Limited bought 420,950 shares of Nexome Capital Markets Limited for ₹3.16 crore on March 24, 2026. The acquisition was made through the company's rights issue, increasing the promoter's ownership.

What just happened

Stewart Investment & Finance Private Limited has increased its stake in Nexome Capital Markets Limited. The purchase involved 420,950 equity shares valued at ₹315.71 lakh (₹3.16 crore). The deal occurred on March 24, 2026, via the company's rights issue. This follows Nexome Capital Markets' recent successful rights issue to raise capital, with the promoter's participation indicating continued commitment.

Why this matters

An increase in promoter shareholding typically signals confidence from the main owner, which can be viewed positively by the market. It suggests the promoter is invested in the company's long-term growth. However, this stake boost comes as Nexome Capital Markets grapples with recent financial difficulties, making the promoter's strategy a key focus for investors.

Company Background

Nexome Capital Markets, formerly SMIFS Capital Markets Limited, is a SEBI-registered merchant banker and underwriter. The company changed its name in April 2025. Nexome Capital Markets recently completed a rights issue from March 13 to March 23, 2026, which was oversubscribed by 100.79%. This issue raised about ₹22.04 crore at ₹75 per share. The funds are intended for investments in shares, securities, mutual funds, and general corporate needs.

Risks to watch

Nexome Capital Markets has faced significant financial challenges. The company reported a consolidated net loss of ₹100.02 crore for the third quarter of FY26, a sharp drop from a ₹24.82 crore profit in Q3 FY25. Revenue fell 78.9% year-on-year in Q3 FY26. For the full FY2025, revenue declined by 81.5% and Profit After Tax (PAT) decreased by 51.6%. A net loss of ₹1 crore was also recorded for the quarter ending December 2025. The company has shown weak sales growth of -2.39% over the past five years and a low return on equity of 0.52% over the last 3 years.

Peer comparison

Nexome Capital Markets operates in the financial services sector alongside competitors like Angel One Ltd, 360 One Wam Ltd, IIFL Finance Ltd, and Motilal Oswal Financial Services Ltd. These peers are active in broking, investment banking, and financial advisory services.

What to track next

• Future financial performance and profitability trends.
• How the capital raised from the rights issue is deployed.
• Management's strategy to improve sales growth and profitability.
• Any further disclosures or actions from the promoter regarding their stake.
• The company's ability to navigate its recent financial challenges.