Ambassador Intra Holdings Limited

Industrials — Conglomerates · BSE

₹28.38₹0.00 (0.00%)

DalalBaazaar Score

51 / 100

🟡 Moderate

Verdict

CAUTION

Risk

Very High

Driven by moderate debt load, the company is currently loss-making, micro-cap size, which brings thin liquidity.

In simple words: The company is currently losing money. The direction of profits is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:08 pm

Caution warranted. Multiple fundamental metrics — flagged in red below — point to either valuation stretch, leverage risk, or weakening profitability. This doesn't mean avoid the stock outright, but it does mean the burden of proof is on the growth story to justify the current price.

Understanding the Business

Company site ↗

The 60-second version of Ambassador Intra Holdings Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Ambassador Intra Holdings Limited engages in the trading of cloth and grey fabrics in India. It trades greige and finished fabrics, yarns, and ready-made garments. The company also provides investment, market insights, and risk management services for shares and securities.

IndustryConglomerates

SectorIndustrials

Employees1

Annual revenue₹4 Cr

How does it make money?

Turns over ₹4 Cr a year. Of every ₹100 of sales, about ₹-2 reaches shareholders as profit, with ₹2 left at the operating level before interest, tax and depreciation. Each of its 1 employees supports ₹4.33 Cr of revenue a year, the signature of a capital- or asset-led business.

EBITDA margin1.7%

Net margin-2.0%

Revenue / employee₹4.33 Cr

Who are its competitors?

The closest listed comparisons in its industry are LARSEN & TOUBRO LTD., SIEMENS LTD, ABB INDIA LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

LARSEN & TOUBRO LTD.P/E 30.1x · ROE 15.2%

SIEMENS LTDP/E 88.8x · ROE 10.5%

ABB INDIA LIMITEDP/E 92.6x · ROE 19.1%

What is its competitive advantage?Little sign of one

Returns on capital of 5.8% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

ROCE5.8%

ROE-2.0%

Peer median ROE15.2%

What has been driving growth?

Growth has come mainly from selling more, rather than from keeping more of each sale. Over 3 years revenue moved +714% while net margin moved -193% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect+714%

Margin effect-193%

DalalBaazaar Score

51/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ Return on equity is negative

Quality vs. Valuation

Company Quality

52/ 100

Average

How good the business is, ignoring the share price entirely.

Valuation

30/ 100

Expensive

What you are being asked to pay, ignoring how good the business is.

A reasonable business at a reasonable price — neither the quality nor the valuation stands out in either direction.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

N/A

No P/E — the company is lossmaking

P/E (Trailing)

Not meaningful

P/B

0.18x

EV/EBITDA

127.0x

PEG

—

Dividend Yield

None

What's Good / What's Bad

🟢 What's Going Well2

Cash generation is improving
Free cash flow is up 1662% over 3 years.
Return on capital is rising
ROCE has improved from 0.4% to 5.8%.

🔴 What Needs Attention1

Debt is rising
Total debt is up 524% over 3 years — worth checking what it funded.

Red Flags

4 items require attention · 3 high · 1 watch

🔴Debt has risen sharplyFinancial
Total debt is up 524% over 3 years, from ₹1 Cr to ₹4 Cr.
🔴Thin interest coverageFinancial
Operating profit covers interest only 0.7x — little room if earnings dip.
🔴The company is lossmakingFinancial
Net profit of -₹0 Cr in the latest reported year.
🟡Interest coverage is deterioratingFinancial
Cover has fallen from 3.4x to 0.7x.

Investment Thesis

🟢 Bull CaseWhat could make this work?

No clear supporting case emerges from the available numbers.

🔴 Bear CaseWhat could go wrong?

The debt load needs earnings to hold up
Debt is 49.4x EBITDA. At that level a downturn in earnings turns a manageable balance sheet into a refinancing problem, and lenders get paid before shareholders.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.
Several serious flags at once
3 high-severity checks triggered. Individually each has an explanation; together they raise the chance that something structural is wrong rather than a one-off.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1Revenue growth stays above 76% a year✓ 101.2% CAGR
Set below the established compounding rate, so ordinary variation does not trip it.
2EBITDA margin holds above 0%✓ 1.7%
Two points below today's level — enough room for noise, tight enough to catch real compression.
3Debt / EBITDA falls below 3x✗ 49.4x
Already stretched, so this is a reduction target rather than a level to hold. Around 3x is where lenders typically start attaching conditions.
4Interest cover stays above 3x✗ 0.7x
How much operating profit can fall before interest stops being comfortably covered.
5Free cash flow remains positive✓ ₹3 Cr
Profit that never becomes cash eventually stops being profit.

Investment Checklist

5 / 10 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Manageable leverage (Debt/Equity < 1.0)
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✗ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✗ Short-term technical trend isn't bearish

Price history

Quick Metrics

2 good · 4 neutral · 5 weak

Market Cap

₹6 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not meaningful

Loss-making

Earnings are negative, so a P/E multiple can't be read here

P/B Ratio

0.18x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹-1.54

Loss-making

Negative earnings per share — the business is losing money

ROE

-2.0%

Weak

Weak capital efficiency

ROCE

5.8%

Weak

Low return on total capital employed

Debt/Equity

0.83x

Moderate

Moderate leverage

Revenue Growth (YoY)

Not available

No data

Source didn't return this field

Profit Growth (YoY)

-152.8%

Falling

Profits are shrinking

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹3 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

CMP

₹28.38

Operating Margin

-2.0%

Weak

Thin margins leave little room for error

Net Margin

-1.0%

Weak

Very little revenue reaches the bottom line

Current Ratio

1.50

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

0.27

Defensive

Steadier than the market

52W Range Position

Near low

Near its 52-week low

Technical Snapshot

SMA 20 / SMA 50

29.3 / 32.6

Bearish alignment (short < long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

48.3

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹1 Cr	—	—	₹4 Cr	+101.2%
EBITDA	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	+141.9%
EBITDA Margin	1.0%	—	—	1.7%	—
PAT (Net Profit)	₹0 Cr	₹0 Cr	₹0 Cr	-₹0 Cr	—
EPS	₹0.05	₹0.15	₹0.79	₹-0.42	—
ROE	0.4%	1.0%	4.9%	-2.0%	—
ROCE	0.4%	1.1%	9.4%	5.8%	—
Total Debt	₹1 Cr	₹0 Cr	₹1 Cr	₹4 Cr	+84.1%
Free Cash Flow	₹0 Cr	₹0 Cr	-₹0 Cr	₹3 Cr	+160.2%

🟢 Revenue has grown at 101.2% a year over 3 years.

🟢 EBITDA has grown at 141.9% a year over 3 years.

🟡 EBITDA Margin has held roughly flat at 1.7% over 3 years.

🔴 PAT (Net Profit) has turned negative, from ₹0 Cr to -₹0 Cr.

🔴 EPS has turned negative, from ₹0.05 to ₹-0.42.

🔴 ROE has fallen from 0.4% to -2.0% over 3 years (-2.3 pts).

🟢 ROCE has risen from 0.4% to 5.8% over 3 years (+5.4 pts).

🔴 Total Debt has grown at 84.1% a year over 3 years.

🟢 Free Cash Flow has grown at 160.2% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹10 Cr

Total Liabilities

₹5 Cr

Total Debt

₹4 Cr

Cash & Equivalents

₹0 Cr

Operating Cash Flow

₹3 Cr

Capex

-₹0 Cr

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

76.5%

Peer Comparison

Company	P/E	ROE
LARSEN & TOUBRO LTD.	30.1x	15.2%
SIEMENS LTD	88.8x	10.5%
ABB INDIA LIMITED	92.6x	19.1%

Recent News

1 negative5 general

BSE grants in-principle approval for ₹21.50 warrants issue by Ambassador Intra

scanx.trade, 14 Oct

TNA SOLUTIONS LTD. Stock/Share price , NSE/BSE Forecast News and Live Quotes

Equitymaster, 10 Oct

IEL Ltd. Shareholding Pattern – Promoters, FIIs & DIIs

Value Research, 02 Sept

Ambassador Intra holds Sep 11 AGM for warrants; posts FY26 loss

scanx.trade, 12 Aug

Ardee Industries IPO subscribed 14.16 times

Business Standard, 06 Aug

Profectus Capital Pvt standalone net profit declines 62.80% in the June 2026 quarter

Business Standard, 06 AugResults

🔴Potentially negativeReported deterioration, which feeds the growth and margin inputs on this page directly.

Watch Items

Trading very close to its 52-week low — worth checking whether this reflects a temporary setback or a structural problem.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
1 metric couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.

DalalBaazaar Thesis

🔴Business QualityWeak7.5/20

🟡Financial HealthAdequate11.8/20

🟢GrowthStrong18.4/20

🔴ProfitabilityWeak1.3/15

🟡ValuationFair7.1/15

🔴RiskHigh4.4/10

Unremarkable in both directions

A reasonable business at a reasonable price. Nothing here is alarming and nothing is compelling, which usually means the decision rests on things this data cannot see — the industry's direction, management's intent, and what else is available to you. 3 high-severity red flags sit above this conclusion and should be read first.

This thesis breaks if

✓Revenue growth stays above 76% a year101.2% CAGR
✓EBITDA margin holds above 0%1.7%
✗Debt / EBITDA falls below 3x49.4x
✗Interest cover stays above 3x0.7x
✓Free cash flow remains positive₹3 Cr