Added to YB: 2026-04-14
Pitch date: 2026-04-10
DAMCAPITAL.NS [neutral]
DAM Capital Advisors Limited
+2.93%
current return
Author Info
Zen Nivesh analyses India’s equity markets to help you discover high-conviction, research-backed stock ideas—long before they hit the mainstream. Our edge lies in identifying fundamentally strong, underfollowed companies with serious upside potential. Sign up for the newsletter.
Company Info
DAM Capital Advisors Limited provides investment banking services. The company operates through two segments, Stock Broking Services and Investment Banking Services.
Market Cap
INR 10.2B
Pitch Price
INR 141.00
Price Target
N/A
Dividend
0.69%
EV/EBITDA
N/A
P/E
12.65
EV/Sales
N/A
Sector
Capital Markets
Category
growth
DAM Capital Advisors: A deep Dive
DAM.NS (deep dive): Pure-play merchant banker led by Dharmesh Anil Mehta (ex-ENAM, Axis Capital). 2 segments: investment banking (IPOs, QIPs, M&A) + institutional equities (research, broking). Strong operating leverage, asset-light, fee-driven model. FY29 could see ₹400cr rev, ₹200cr profit in normalized market vs ₹1000cr mcap today (5x fwd P/E). High ROE, cash generative. Risks: cyclical, lumpy revenues, timing uncertain given current market weakness. $150bn IPO pipeline (Jio, NSE, Zepto, PhonePe, Flipkart) supports long-term tailwind. Author on watchlist, hasn't bought yet.
Read full article (16 min)