ALAN SCOTT ENTERPRISES LIMITED (ALANSCOTT) share price
₹300.00 on BSE as of 2026-10-08. -1.96% on the day. market cap ₹200 Cr. P/E 56.7. 52-week range ₹212.85 to ₹397.75. Financial Services.
Alan Scott Enterprises FY26: ₹34 Cr of Revenue, 11 Subsidiaries, and a ₹218 Cr Market Cap Sitting on ₹11 Cr of Net Worth
At a glance
Alan Scott Enterprises sells lifestyle goods through franchised MINISO stores. Ten other operating businesses sit around that one. There are eleven operating subsidiaries in all, grouped into four verticals: Living, Works, Next and Frontier.
Consolidated sales for the year to March 2026 were ₹34.35 crore, up from ₹28.69 crore a year earlier. The loss widened over the same stretch, from ₹1.82 crore to ₹2.98 crore. Operating margin for the year was 2.10%, against 6.76% the year before. Operating margin is what is left of sales once the running costs of the business are met.
Net worth stood at ₹11.25 crore. That is the value the company's own accounts put on shareholders' money. Market capitalisation, the price of every share added together, was roughly ₹218 crore. On those two figures the market pays about ₹19 for every ₹1 of book value.
Return on equity for the year was -45.8%. That ratio sets profit against the shareholders' money held in the business. Return on capital employed was -14.14%, which sets profit against all the money the business uses, borrowed and owned alike.
Sales have grown at a compounded rate of 344% a year across five years. Compounded means each year's growth is counted on the previous year's larger figure. Over the same five years the company has not reported a profit.
Retail contributed ₹31.67 crore of the year's revenue.
Introduction
The company was incorporated in 1994 and began by making health and hygiene products for hospitals and homes. By the year to March 2026 it had reorganised into a holding structure. A listed parent now sits above eleven subsidiaries, spread across retail, automation, digital platforms and deep-tech. Deep-tech describes products built on scientific or engineering research rather than on design alone.
The operating heart is a MINISO franchise retail business, selling branded lifestyle goods under licence. The FY26 filings identify it as the largest revenue contributor, at ₹31.67 crore of the ₹35.51 crore total income management reported.
The rest of the group is arranged around it. ONECTA is the automation unit. There is an environmental-tech line, and three platforms in artificial intelligence and education: Omnis AI, Learnix and UpnUp Life. Bluverge is an agri-drone service, flying drones over farmland. Metastar, a Web3 venture, was acquired in April 2026. Web3 is the label for products built on blockchain record-keeping.
The corporate calendar was busy. In December 2025 the company raised ₹6.75 crore by issuing 270,000 shares to selected buyers. That route is called a preferential allotment, and it bypasses the open market. The proceeds were fully deployed by March 2026. In February 2026 the company bought stakes in five entities, totalling about ₹4.83 crore.
In May 2026 the board approved a rights issue of up to 9,52,932 shares, to raise ₹7.15 crore. A rights issue offers new shares to existing holders first, here at a ratio of one for every six already held. Three fundraising or acquisition events were therefore recorded inside six months, against annual sales of ₹34.35 crore. The eleven subsidiaries are carried under four named verticals: Living, Works, Next and Frontier.
Business model
Revenue arrives over a shop counter. The company sells MINISO-branded lifestyle goods through fifteen retail stores, under a franchise rather than a brand it owns.
The segment split for the year to March 2026 sets out the proportions. Retail brought in ₹31.67 crore. Automation and robotics added ₹1.77 crore. Every remaining vertical is reported together under "Other Segments" at ₹2.07 crore combined: the AI platforms, the drones, the wellness brands and the immersive-media line. One segment carries 92% of revenue, so roughly nine of every ten revenue rupees come from franchised knick-knacks.
The mandates of the other subsidiaries are set out in the filings. A workforce-identity platform is priced at ₹20 per worker a month, and confirms to an employer who a worker is. An AI-native education product sits beside it. The agri-drone service charges farmers by the acre. A fabric spray, management says, keeps cloth odour-free for a year across fifty washes.
Most of these are described in the filings as being at pilot, proof-of-concept or customer-validation stage. A pilot is a small paid trial. A proof-of-concept earns nothing and shows only that the thing works at all.
The spending side follows that shape. Fifteen stores have to be stocked and staffed before any of the goods sell. The research-stage subsidiaries carry salaries and development costs while they are still validating customers rather than billing them. Operating margin for the year was 2.10%, down from 6.76% the year before, and the loss for the year was ₹2.98 crore.
Automation and robotics was the second-largest segment, at ₹1.77 crore.
Quarterly results, balance sheet, cash flow, ratios, shareholding and the filings themselves are on the full page for ALAN SCOTT ENTERPRISES LIMITED.
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