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

• Market Cap: ₹428.92M
• Dividend Yield: 5.12%
• Average Volume (3M): 1.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.28
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 10
• Sector: Services
• Sector Strength: N/A
• Industry: Financial - Capital Markets
• EPS (TTM): -5.34
• 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: ₹41.00 ▼(-18.81% 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 debt)

Reported zero total debt in 2024–2025 and rising equity provide durable financial flexibility. This lowers refinancing and interest-rate risk, preserves capacity to fund operations or dividends from internal resources, and helps the firm absorb cyclical revenue shocks.

Recent positive operating and free cash flow

Positive operating and free cash flow in 2025 demonstrates the company can generate internal liquidity in at least the latest year. If sustained, this improves self‑funding for capex, working capital and dividends, reducing reliance on external financing.

Attractive dividend yield

A near‑5% dividend yield provides a stable income component that can anchor shareholder returns through earnings volatility. Combined with the conservative balance sheet, it signals a commitment to returning cash and can support investor confidence over the medium term.

Negative Factors

Sharp revenue collapse

An ~88% YoY revenue decline in 2025 materially reduces scale and operating leverage, impairing the company's ability to cover fixed costs and sustain margins. Persistent revenue shrinkage would structurally weaken profitability and constrain reinvestment or payout capacity.

Volatile profitability and earnings quality

Repeated sign flips in profit and multi‑year profit/loss swings make earnings unreliable. This weakens planning, capital allocation and investor visibility, and raises the risk that apparent profits are not durable, undermining long‑term return expectations.

Inconsistent cash conversion

Intermittent negative operating and free cash flow and sub‑1x cash conversion indicate weak earnings quality. Poor and inconsistent cash realization limits internal funding for investment and dividends, increasing vulnerability to external financing needs if volatility recurs.

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	₹428.92M	-1.98	―	5.12%	―	―
NGIL	41 Neutral	₹484.05M	-24.11	―	―	15.67%	47.33%
MANUGRAPH	38 Underperform	₹462.31M	1,044.90	―	―	27.73%	―