Twentyfirst Century Management Services Limited (21STCENMGM) AI Stock Analysis

• Market Cap: ₹433.65M
• Dividend Yield: 5.12%
• Average Volume (3M): 1.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.32
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 10
• Sector: Services
• Sector Strength: N/A
• Industry: Financial - Capital Markets
• EPS (TTM): -7.51
• Shares Outstanding: 10,500,000
• 10 Day Avg. Volume: 1,878
• 30 Day Avg. Volume: 1,286
• PEG Ratio: -0.09
• Price to Book (P/B): 1.40
• Price to Sales (P/S): 4.37
• P/FCF Ratio: 13.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: ₹42.00 ▼(-16.83% Downside)

The score is held back primarily by weak and volatile financial performance (sharp 2025 revenue decline, inconsistent profitability, and uneven cash generation), partially offset by a currently conservative balance sheet and moderately positive technical momentum. Valuation is mixed: a strong dividend yield helps, but a negative P/E reduces confidence in earnings-based valuation.

Positive Factors

Conservative balance sheet

Zero reported debt and rising equity provide durable financial flexibility across cycles. A conservative capital structure reduces default and refinancing risk, supports investment or opportunistic M&A, and underpins resilience if operating results remain uneven.

Positive 2025 cash generation

Resumption of positive operating and free cash flow in 2025, if sustained, strengthens the firm's ability to fund operations, pay dividends, and self-fund strategic initiatives. Reliable cash conversion is a core durable credit and capital-allocation pillar.

Attractive dividend yield

A near-5% dividend yield signals a shareholder-return policy that can attract income-focused investors and provide a floor to equity returns over time. If cash flows remain supportive, this policy can stabilize investor base and discipline capital allocation.

Negative Factors

Severe revenue decline

An ~88% revenue drop is a structural red flag, reducing scale economies and limiting reinvestment capacity. Sustained top-line contraction impairs margin sustainability, bargaining power with clients, and long-term growth prospects unless the company can restore recurring revenues.

Inconsistent cash conversion

Repeated years of negative operating/free cash flow undermine the reliability of reported earnings and constrain self-funding. Persistent conversion shortfalls may force external financing or equity raises, increasing dilution and limiting durable investment or dividend capacity.

Volatile profitability

Frequent sign-flips in net income and uneven margins reduce predictability for planning and investor confidence. Structural earnings volatility hampers long-term capital allocation, makes forecasting and talent retention harder, and raises the cost of external capital.

Twentyfirst Century Management Services Limited Business Overview & Revenue Model

Company Description

Twentyfirst Century Management Services Limited invests in capital and debt instruments in India. The company invests and trades in shares and derivatives in the capital, and futures and options markets. Twentyfirst Century Management Services Limited was incorporated in 1986 and is based in Mumbai, India.

How the Company Makes Money

Twentyfirst Century Management Services Limited Financial Statement Overview

Summary

Financials are risk-tilted: income statement volatility is high (2025 revenue down ~88% YoY and multi-year profit/loss swings), and cash flow has been inconsistent (negative operating/free cash flow in 2023–2024 despite profits in 2024). The main offset is a cleaner recent balance sheet with zero debt in 2024–2025 and higher equity, but overall earnings quality and stability remain weak.

Income Statement

Results are highly volatile. Revenue fell sharply in 2025 (down ~88% year over year), while profitability swung materially across years (losses in 2023 and 2020 versus strong profits in 2024 and positive net income again in 2025). Margins appear strong in some years, but the repeated sign-flips in revenue/profit and inconsistent earnings quality reduce confidence in the underlying trajectory.

Balance Sheet

Balance sheet leverage looks conservative overall, with total debt at zero in 2024–2025 and equity building to ~510M by 2025. Total assets are broadly stable (~571M in 2025). However, historical debt usage (2020–2023) and large year-to-year swings in returns on equity point to uneven profitability and potential instability despite the currently cleaner capital structure.

Cash Flow

Cash generation is inconsistent. 2025 shows positive operating cash flow (~51.6M) and positive free cash flow, but 2024 and 2023 were cash outflow years (negative operating and free cash flow). The conversion of earnings into operating cash flow is mixed (below 1x in 2025 and negative in 2024/2023), indicating variability in cash realization despite periods of reported profitability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	-889.28M	163.25M	349.55M	-135.21M	99.74M	73.27M
Gross Profit	-1.01B	-758.02M	302.24M	-216.24M	-2.19B	59.89M
EBITDA	-51.89M	195.89M	329.80M	-178.66M	148.29M	51.00M
Net Income	-97.93M	123.38M	321.73M	-180.64M	146.58M	49.91M
Balance Sheet
Total Assets	0.00	570.65M	555.65M	377.65M	332.26M	254.22M
Cash, Cash Equivalents and Short-Term Investments	7.63M	4.71M	37.65M	6.20M	7.80M	8.99M
Total Debt	0.00	0.00	0.00	100.00M	10.00M	0.00
Total Liabilities	-510.13M	60.52M	22.98M	170.65M	27.45M	19.68M
Stockholders Equity	510.13M	510.13M	532.67M	207.00M	304.81M	234.54M
Cash Flow
Free Cash Flow	0.00	51.64M	-27.36M	-45.34M	252.97M	16.93M
Operating Cash Flow	0.00	51.64M	-27.01M	-45.05M	252.97M	17.01M
Investing Cash Flow	0.00	-57.63M	160.68M	-47.55M	-268.08M	-36.68M
Financing Cash Flow	0.00	-26.25M	-100.00M	90.00M	10.00M	-80.00M

Twentyfirst Century Management Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
21STCENMGM	53 Neutral	₹433.65M	-2.07	―	5.12%	―	―
NGIL	41 Neutral	₹464.76M	-23.76	―	―	15.67%	47.33%
MANUGRAPH	38 Underperform	₹445.28M	1,014.97	―	―	27.73%	―