Offices Spaces Leasing Business Expands with 26,500 Sq. Ft. Office Space in Pune, Adding 600 Seats to Serviced Office Portfolio; Strengthening Market Position in India

There is a notable increase in DII holdings from 3.72 per cent in the previous quarter to 4.03 per cent, while FIIs have reduced their stake from 4.59 per cent to 4.08 per cent.

EFC (I) Limited has announced a significant expansion in its serviced office portfolio with the acquisition of approximately 26,500 square feet of commercial office space in a prime location in Pune. This newly acquired property, comprising two floors with a seating capacity of over 600, marks a major milestone for the EFC Group as it continues to reinforce its leadership in the managed office sector across India. The acquisition is seen as a strategic move to enhance the company's market position and commitment to operational excellence. Founded in 2014, EFC (I) Ltd has grown to manage over 70 centers with more than 56,000 seats across nine cities, catering to a wide range of corporate clients. This development is expected to further strengthen EFC's offerings and address the evolving needs of the market.

EFC (I) Ltd, formerly known as Amani Trading and Exports Ltd, was incorporated in 1984 and is based in Pune. The company specializes in leasing office spaces and has established itself as a significant player in the managed office sector in India. As of March 2025, EFC's stock is priced at Rs 193.25, with a market capitalization of Rs 2,066.23 crores. The company has delivered a 1-year return of 27.82 per cent, reflecting its steady growth in the market. EFC operates over 70 centers with more than 56,000 seats, providing high-quality working spaces to over 570 corporate clients, both Indian and international.

In the Quarterly Results of Dec-24, the revenue stood at Rs 177.24 crore, reflecting a YoY growth of 3.00 per cent and a QoQ increase of 6.49 per cent from Rs 166.44 crore in Sep-24. The net profit for Dec-24 was Rs 37.94 crore, showing a YoY rise of 129.52 per cent and a QoQ growth of 31.14 per cent from Rs 28.93 crore in Sep-24. The net profit margin for Dec-24 stood at 21.41 per cent, compared to 17.38 per cent in Sep-24 and 9.61 per cent in Dec-23.

For the full-year FY24 results, the revenue stood at Rs 410.32 crore, reflecting a growth of 297.56 per cent from Rs 103.21 crore in FY23. The net profit for FY24 was Rs 109.95 crore, registering a growth of 1389.70 per cent from Rs 44.84 crore in FY23. The net profit margin for FY24 stood at 10.93 per cent compared to 2.92 per cent in FY23.

As of February 2025, the shareholding pattern shows that promoters hold 45.51 per cent, FIIs hold 4.08 per cent, DIIs hold 4.03 per cent, and the public holds 46.37 per cent. There is a notable increase in DII holdings from 3.72 per cent in the previous quarter to 4.03 per cent, while FIIs have reduced their stake from 4.59 per cent to 4.08 per cent.

With a PE ratio of 18.8x, the company trades at a discount compared to the industry PE of 29.9x. The company has ROCE of 18.7 per cent and ROE of 23 per cent.  

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.