Standard Capital Markets began trading on Monday at Rs 1.38 per share and experienced a notable increase of over 15.08%, closing the day at Rs 1.45. This surge followed the company’s announcement of a zero-cost EMI scheme designed for schools and educational institutions to purchase interactive flat panels (IFPs). The initiative aims to modernize classrooms while reducing the expenses associated with traditional teaching materials, such as chalk and markers. This is particularly relevant given the findings of the Global Asthma Report, which states that 6% of children in India suffer from asthma, affecting around 30 million children who are impacted by poor air quality, including indoor pollutants like chalk dust.
Gaurav Jindal, Managing Director of Quicktouch, emphasized the significance of digital transformation in education, stating, “Our zero-cost EMI initiative allows schools to adopt this cutting-edge technology without the financial burden. It’s a win-win situation for both education and the community at large.” Standard Capital anticipates an annual return of 15-16% on its assets under management (AUM) without imposing additional financial strain on educational institutions. With an investment of Rs 100 crores in this initiative, the company is committed to creating value for shareholders while fostering a robust educational system for future generations.
Additionally, on September 25, 2024, Standard Capital announced a comprehensive funding program aimed at supporting renewable energy projects and electric vehicle (EV) mobility solutions across India. This initiative seeks to assist companies in implementing green energy solutions, contributing to a more sustainable energy landscape. The funding will support the installation of solar panels and other renewable energy systems, aligning with India’s growing clean energy initiatives. Furthermore, Standard Capital will provide financial assistance to businesses entering the EV mobility market, addressing the critical issue of transportation emissions, which account for 14% of India’s total carbon emissions. The government aims for a 30% adoption rate of EVs by 2030, and projects under this initiative are valued at Rs 50 lakh.
As a non-bank financial institution, Standard Capital Markets offers a range of financial services, including lending to individuals and small to medium-sized enterprises, as well as trading in securities, bonds, and stock market investment units.
Currently, Standard Capital Markets is trading up 19.84% at Rs 1.51 compared to its last closing price. Despite this recent uptick, the stock has experienced a decline of 52.71% this year and 21.25% over the past five days. The company has a TTM P/E ratio of 23.81, which is lower than the sector’s average P/E of 28.92. In its last quarter, Standard Capital reported a net profit of Rs 1.75 crores. Its listed peers include Trucap Finance (3.05%) and STARTECK (4.45%). Notably, Standard Capital Markets maintains a public holding of 85.14%.
Overall, Standard Capital’s strategic investments and innovative initiatives position the company as a key player in the transformation of both the education and energy sectors, with potential for future growth.
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