Table of content
Mach Conferences and Events Introduction
Mach Conferences and Events Limited, founded in 2004, specializes in providing customized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector. The company offers a comprehensive range of services, including conference management, exhibition management, and global event planning.
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Brief about Mach Conferences and Events
Summary of the business of Mach Conferences and Events
We provide comprehensive array of services tailor made for MICE (Meeting, Incentives, Conferences, Exhibitions) and Events sector. Our experience ranges for arranging small corporate events to large global events. We are specialized in conference management, Exhibition management and Global Event Planning. We also manage all logistical aspects of events at specific destinations. This includes venue selection, accommodation arrangements, transportation logistics, local activities, and on-site coordination. We have a team of MICE and Events professionals working on the key essence of attention to detail, continuous budget control and endless creativity to help the client to explore new venues and new ways to impress our clients.
Mach Conferences and Events History
Company was originally incorporated as “Mach Conferences and Events Private Limited” as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated April 29, 2004, issued by the Registrar of Companies, National Capital Territory of Delhi & Haryana. Further, Company was converted from a private limited company to public limited company, pursuant to a special resolution passed by our Shareholders in the Extra-Ordinary General Meeting held on March 18, 2024 and consequently, the name of our Company was changed to “Mach Conferences and Events Limited” and a fresh certificate of incorporation dated June 18, 2024 was issued to our Company by the Registrar of Companies, Central Processing Centre. The Corporate Identification Number of our Company is U74110DL2004PLC126130.
| Year | Key Events/Milestone/ Achievement |
| 2004 | Company was incorporated as a private limited company under the name “Mach Conferences and Events Private Limited”. |
| 2012 | Got Affiliated to PATA – Pacific Asian Tour Association |
| 2012 | Got Affiliated to IATO – Indian Association of Tour Operators |
| 2014 | Got Affiliated to ADTOI – Association of Domestic Tour Operators of India |
| 2019 | Achieved Turnover of 100 Crores |
| 2019 | Got Affiliated to IATA – International Air Transport Association |
| 2024 | Crossed Turnover of 200 Crores |
| 2024 | company got converted into public limited company and the name got changed from “Mach Conferences and Events Private Limited” to “Mach Conferences and Events Limited”. |
Mach Conferences and Events Promoters & Board of Directors
- Promoters of Company are Amit Bhatia and Laveena Bhatia,
Mach Conferences and Events Board of directors
| Name | Designation |
| Amit Bhatia | Chairman & Managing Director |
| Laveena Bhatia | Whole Time Director |
| Bhavya Srivastava | Independent Director |
| Hemant Koushik | Independent Director |
| Manishkumar Shankarlal Chandak | Independent Director |
Mach Conferences and Events Share Holding pattern
| Name of shareholders | % Holding |
| Promoters | |
| Amit Bhatia | 86.26% |
| Laveena Bhatia | 9.60% |
| Total – A | 95.85% |
| Promoters’ Group | |
| Adit Bhatia | 0.06% |
| Sneh Prabha Bhatia | 0.06% |
| Total-B | 0.12% |
| Public | |
| Viney Equity Market LLP | 2.02% |
| Bajrang Lal Bajaj | 1.81% |
| Piyus Kumar Rathi | 0.20% |
| Total-C | 4.03% |
Mach Conferences and Events Strength
- End to End Solution
- Nurturing Long-term Relationships with Customer
- Proven Track Record
- Established relationship with hospitality & event partners
- Experienced Promoters and Management Team
Mach Conferences and Events Strategies
- Strategic Market Focus
- Continue to attract and retain talent
- Cultivating a Culture of Professionalism
- Brand image
- Exploring New Segment
Industry Outlook
MICE INDUSTRY – MEETINGS, INCENTIVES, CONFERENCES AND EXHIBITIONS INTRODUCTION
The India meetings, incentives, conferences and exhibitions market size is estimated to be valued at US$ 3.30 Bn in 2023 and is expected to reach US$ 10.52 Bn by 2030, exhibiting a compound annual growth rate (CAGR) of 18% from 2023 to 2030. The MICE industry comprises of events like meetings, incentives, conferences, and exhibitions or trade fairs. It involves planning, booking, and organizing of all the above types of events. The India meetings, incentives, conferences and exhibitions market has been increasing rapidly driven by rising business travel and increasing focus of companies to organize events.
- Market Regional Insights North Region:
- Delhi-NCR remained a key player in the MICE sector, with its world-class convention centers and proximity to the government and corporate hubs.
- Cities like Gurgaon and Noida saw a surge in corporate meetings and exhibitions.
- Agra, with its proximity to the Taj Mahal, attracted incentive travel and high-end corporate events.
- East Region:
- Kolkata continued to host a range of conferences and cultural events, with the Science City Convention Center being a prominent venue.
- Bhubaneswar in Odisha emerged as an emerging MICE destination due to its developing infrastructure and connectivity.
- West Region:
- Mumbai retained its status as the financial capital, hosting a significant number of corporate meetings, conferences, and trade shows.
- Pune, with its growing IT and manufacturing sectors, witnessed an increase in business events.
- Gujarat, particularly Ahmedabad, benefited from its thriving business environment, attracting conferences and exhibitions.
- South Region:
- Bengaluru continued to lead the way as a technology-driven MICE destination.
- Chennai maintained its position as an industrial and commercial hub, hosting trade fairs and conventions.
- Hyderabad’s IT prowess resulted in a rise in tech-related events.
- Kerala, with Kochi and Trivandrum, became known for eco-friendly and sustainable conferences.
- North East Region:
- The North East region, including states like Assam, Meghalaya, and Sikkim, witnessed a gradual increase in MICE activities.
- Destinations like Guwahati and Shillong initiated hosting smaller corporate meetings and regional conferences.
- The India Meetings, Incentives, Conferences and Exhibitions market is expected to witness significant growth in the near future. The business events industry in India is driven by favorable government policies that promote tourism and business travel. Several incentives like concessions on goods and services tax and infrastructure development programs are attracting both domestic and international event organizers to host events in India. Cities like Delhi, Mumbai, Bengaluru, and Chennai have emerged as top convention destinations in the country.
- However, the market also faces challenges in terms of lack of international level convention infrastructure in several emerging city destinations. While tier-1 cities are well-equipped, the infrastructure in other cities needs further development. High taxes on events and accommodation continue to remain a restricting factor. The other concern is the shortage of qualified local manpower to cater to the increasing demand of international standard business events.
- On the brighter side, India offers a diverse portfolio of destinations at affordable rates for organizers. The government’s push towards developing cosmopolitan city hubs and regional air connectivity across India will bolster the meetings market.
Sectors like pharmaceuticals, healthcare and technology are fueling corporate meetings and conferences. Emerging city destinations like Pune, Ahmedabad, and Hyderabad are generating increasing interests. The southern region, led by Bengaluru and Chennai, has emerged as the fastest growing market riding on strong local industries and acceptable weather conditions throughout the year.
MICE – Market Drivers:
- Rising business travel and corporate events: Growth in domestic and international business travel as well as increasing number of corporate events and trade exhibitions has significantly driven the India Meetings, Incentives, Conferences and Exhibitions Market. Corporates are actively looking to host large seminars, meetings, and conferences to support their business expansion plans. There has been an increase in companies hosting annual general meetings, sales conferences, product launches, and others. This rising frequency of corporate events and business meets is a major driver for the market.
- The improving corporate profitability has also enabled companies to allocate more budgets for business events, conference travel, and employee incentives, thus creating more demand in the MICE space.
- Infrastructure development: The development of larger convention centers, premium hotels and venues with modern facilities has also facilitated the growth of MICE events in India. Cities like Hyderabad, Mumbai, and Bengaluru have large convention centers to host major global events.
- The government has been promoting infrastructure initiatives like the India International Convention and Expo Center. New airports and transportation systems have also made key cities more accessible for national and international attendees. Such investments have enabled India to emerge as an attractive MICE destination versus other Asia Pacific (APAC) countries.
- Government support: The government’s active promotion of the MICE industry through flagship programs like ‘Make in India’, development of MICE clusters and easing of visa regulations have encouraged more international events to be hosted in India. Efforts are underway to position the country as a viable global MICE hub.
- Several states have drafted MICE policies with provision for financial incentives, subsidies, and single window systems to attract events. The government is also promoting India globally through its ‘Incredible India’ campaign and participation in international travel fairs. Such initiatives have created a favorable environment.
- Expanding digital events: Adoption of advanced event technology solutions and growing concept of hybrid events in the post pandemic period has favored the market growth. Digital platforms are enabling events to be more interactive, immersive, and convenient.
Market Opportunities:
- Rising destination weddings segment: India has witnessed a major increase in lavish destination weddings in recent years such as 2022, 2023, with higher budgets, longer guest lists and extravagant set-ups planned at exotic venues.
- Top hotels, event planners, and wedding planning firms are capitalizing on this growth to target high value NRI (Non-Resident Indian) and affluent families looking to host fairytale weddings. Firms are offering comprehensive wedding planning services from venue, décor, and logistics to entertainment, food, and guest management. The opportunity for the destination wedding segment is immense.
- Expanding to new geographical regions: While major cities have been the conventional MICE hubs, upcoming destinations like Jodhpur, Udaipur, Chandigarh, Guwahati, and others provide untapped potential. Investments to upgrade infrastructure and promotion by tourism boards have widened options.
- Hospitality majors are strategizing to expand presence into such cities, provided the lower costs and uncongested spaces are available. This will allow firms to target price conscious and first-time event organizers from emerging cities, cater to their regional needs better.
- Virtual event capabilities: The virtual events space promises huge scope for companies to leverage technology and expand their audience reach beyond physical limitations. Firms which are equipped with digital event solutions can offer tech-enabled events platform by covering attendee engagement, networking, analytics, and payment gateway capabilities.
- Virtual events allow firms to host out-of-town or international customers virtually at lower costs and gain incremental revenues. With virtual fatigue setting in, the potential for hybrid events is also significant.
- Customized event solutions: Companies can gain advantage by offering highly personalized and customized event management services tailored to client requirements – right from equipment, venue décor, F&B (Food & Beverage) entertainment and accommodations.
Market Trends:
- Sustainability: Sustainable practices have become a priority across MICE events whether it is minimizing waste, preventing food spoilage, neutralizing carbon impact or promoting energy efficiency. Venues are designing renewable energy infrastructure and harnessing solar power.
- Providing sustainable food options, recycling waste, and avoiding single-use plastic are the rising trends. Communication is also going paperless with digital event collaterals. Such measures help MICE companies boost brand image and appeal to eco-conscious attendees.
- Bleisure travel: Bleisure travel which means combining business events with leisure, is gaining popularity. Companies are curating extended programs blending business agenda with specially curated local experiences such as cultural tours, adventure activities, culinary experiences, and others.
- Destinations like Kerala, Andaman, or Northeast with varied landscapes, heritage sites, and activities complement such programs. Providing immersive experiences creates engagement and enhances attendee satisfaction.
- Hybrid events: Hybrid has become the new normal for the events landscape, thus enabling audiences across geographies to attend live and virtually. Planners need to design interactive formats that tightly integrate in-person and virtual experiences by using event-tech and high-end production.
- Providing streaming access and immersion beyond physical attendance provides inclusivity. Data analytics helps assess audience preferences and engagement levels across platforms.
- Health, safety, and hygiene: With the impact of the pandemic, health, hygiene, and safety have become crucial. Venues need to implement stringent protocols like frequent sanitization, social distancing norms, daily temperature/health checks and isolation rooms. Hybrid event solutions allow limiting on-ground presence.
Market Restraints:
- Geopolitical changes and economic uncertainty: Geopolitical tensions, trade conflicts, rising inflation, and signs of a global slowdown have created pockets of uncertainty. Business travel cuts and event budget reductions are visible during turbulent periods. Currency fluctuations also impact cross-border business.
- Sudden visa rule changes or travel restrictions due to closed borders, health hazards and security issues can disrupt international events participation. Planning risk mitigation strategies becomes important.
- Shortage of skilled human resources: Acute shortage of skilled human resources poses a key challenge. Talent scarcity exists for key roles like venue managers, production specialists, technical teams, chefs, mixologists, and service staff. High attrition levels further aggravate this issue.
- Training and retaining skilled staff equipped in hospitality, culinary skills and event technology is vital yet challenging presently. Staff scheduling complexity during major events also impacts execution.
- Counterbalance: Skilled human resource should be made available to minimize the acute shortage of skilled staff, required at the time of organizing major events in the country.
- Increasing cost pressures: Rising operating costs due to inflation, supply chain disruptions, energy costs, and labor shortages have increased pressure on operating margins. Cost escalations across travel, F&B (Food & Beverages), technology, equipment, and others have limited the ability to absorb price hikes during competition.
- This necessitates value engineering and finding optimal cost structures. Venues also need to enhance operational productivity through process improvements to protect profitability.
Recent Developments & Key strategic initiatives
- In June 2021, the Ministry of Tourism earmarked six cities for strategic development as Meetings, Incentives, Conferences, and Exhibitions (MICE) destinations, aiming to enhance tourism throughout the year. The primary cities targeted for MICE development include Agra, Udaipur, Pune, Thiruvananthapuram, Varanasi, and Bhubaneswar.
- In March 2022, during the 2022-23 budget presentation, the State’s Chief Minister unveiled a strategic initiative to transform Bangalore into India’s premier hub for Meeting, Incentive, Conferences, and Exhibitions (MICE). This initiative aims to capitalize on Bangalore’s unique strengths as the nation’s business and IT (Information Technology) capital, along with its advanced technology, transportation systems, and air connectivity infrastructure.
Trends across India
- In India, MICE tourism has seen a considerable growth in recent years. The exhibition industry is rapidly growing at a rate of more than 8% over the past few years outpacing the GDP growth rate of the country. According to the Ministry of Tourism, India hosted over 6.9 million foreign tourists in 2019 for various events, conferences, and exhibitions. As per ICCA city and country rankings, India with 158 meetings (out of total 13,254 meetings) secured 28th rank. The MICE segment contributes significantly to the overall tourism industry, generating substantial revenue and boosting the local economy. Jio World Convention Center, Biswa Bangla Convention Center, Bharat Mandapam, Yashobhoomi, etc. in India are emerging as major MICE destinations, equipped with state-of-the-art infrastructure and world-class facilities.
- The recent India G-20 Presidency recorded over 200 meetings across 56 cities, placing India on an international MICE landscape, showcasing robust infrastructure, cultural and national heritage internationally. The Ministry is working to take this momentum forward and place India as one of the leaders in MICE Tourism. The ‘National Strategy and Roadmap for MICE Industry’ is an appreciative enabling institutional framework that serves as a guiding document for the stakeholders. Additionally, State and city level MICE promotion Bureaus will facilitate the development of MICE industry in India. CII is actively engaging with the government and the industry fraternity to take this initiative forward through active stakeholder consultations and dialogues.
- Current and Future Potential
- The potential for MICE sector growth can be partially attributed to the pandemic that accelerated the adoption of virtual and hybrid events. Even as in-person gatherings resume, the integration of digital elements remains prevalent, allowing wider participation and enhancing the overall event experience. There is a growing emphasis on sustainable practices within the MICE tourism sector. Event organizers and venues are increasingly adopting eco-friendly initiatives, aligning with the global push towards responsible and green tourism. The integration of cutting-edge technologies, such as augmented reality (AR) and virtual reality (VR), has transformed the MICE landscape. These technologies offer immersive experiences, making events more engaging and interactive. Future MICE events will witness a greater focus on customization and personalization, catering to the specific needs and preferences of participants. This trend is expected to enhance attendee satisfaction and overall event success.
- The future of MICE tourism in India looks promising, driven by several factors. The government’s focus on infrastructure development, coupled with the promotion of India as a preferred MICE destination, is expected to attract a larger share of the global business events market. The e-Tourist Visa (e-TV) scheme has streamlined the visa application process for foreign participants, recent PM’s call for ‘Wed in India’ has set the stage for influx of one lakh crore back in the country. Additionally, the emergence of tier-II cities as MICE hubs is diversifying the landscape and creating new opportunities for industry. With a strategic approach and collaborative efforts from stakeholders, MICE tourism is poised to become a driving force for economic growth, knowledge exchange, and cultural integration on a global scale.
Mach Conferences and Events Business Data
Mach Conferences and Events Verticals
- Events & Conference:
- Our company ensures professional management of every aspect of event including venue selection, agenda creation, speaker coordination, and attendee management etc. Our team ensures that every aspect of the event is professionally managed.
- Destination Management:
- We manage all logistical aspects of events at specific destinations. This includes venue selection, accommodation arrangements, transportation logistics, local activities, and on-site coordination. By leveraging extensive local knowledge and partnerships, destination management services ensure seamless experiences for clients and attendees. From arranging cultural tours to organizing team-building activities, these services enhance the overall event experience while optimizing efficiency and cost-effectiveness.
- Hotel/Venue:
- We facilitate hotel/ venue bookings for our clients according to their requirements, leveraging our good relationships, major hotels provide additional privileges to our clients.
- Ticket & Visa arrangements:
- We also take care of all Ticket & Visa arrangements, handling ticket bookings, visa paperwork, and embassy visits etc.
- Ticket Booking:
- We facilitate airline ticket booking as part of our comprehensive event attendee solutions, ensuring convenient and cost-effective travel arrangements. Leveraging our expertise and network, we offer personalized assistance, including itinerary planning, ticket reservations, and managing group bookings, to meet the specific needs of each event.
- Logistics:
- We facilitate logistics services and manage all aspects of logistics including transportation, Co-ordination with team and equipment handling. Through meticulous planning and coordination, we ensure efficient and hassle- free logistics solutions tailored to meet the unique requirements of each event.
- Foreign Exchange Services:
- We facilitate currency exchange for our clients’ convenience.
Mach Conferences and Events Product wise break-up
| Particulars | March 31, 2024 | March 31, 2023 | March 31, 2022 | |||
| Revenue | % of RFO | Revenue | % of RFO | Revenue | % of RFO | |
| Package Tour & Event Services | 23,661.65 | 99.73 | 14,043.04 | 99.39 | 2,301.82 | 99.47 |
| Commission Income | 64.24 | 0.27 | 86.13 | 0.61 | 12.28 | 0.53 |
Mach Conferences and Events Customer dependency
(in %)
| Particulars | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Top 1 Customer | 46.00 | 22.40 | 38.74 |
| Top 3 Customers | 73.51 | 53.53 | 72.01 |
| Top 5 Customers | 81.43 | 68.66 | 82.68 |
| Top 10 Customers | 91.80 | 88.06 | 92.13 |
Mach Conferences and Events Machinery/Plants/Factory
- Mumbai (Maharashtra)
- Goa
- Guwahati (Assam)
- Gurgaon (Haryana)
- Jammu (Jammu and Kashmir)
- Palampur, Kangra (Himachal Pradesh)
- Bangalore (Karnataka)
- Kochi (Kerala)
- Kolkata (West Bengal)
- Bhubaneswar (Odisha)
- Amritsar (Punjab)
- Udaipur (Rajasthan)
- Chennai (Tamil Nadu)
- Hyderabad (Telangana)
- Dehradun (uttarakhand)
- Dadra and Nagar Haveli and Daman and Diu
- Gangtok (Sikkim)
Competition
In Mach Conferences and Events fiercely competitive market, success hinges on the quality, design, and pricing of offerings. To stay ahead, Mach Conferences and Events‘re constantly enhancing design prowess, cutting production costs, and streamlining operations. As competition intensifies, effective advertising becomes pivotal. This has spurred inventive shifts in the exhibition and events sector. Failing to uphold strengths could hand rivals an edge, jeopardizing our market share and overall performance. Additionally, emerging trends such as virtual and hybrid events have introduced new competitors, including digital event platforms and streaming services.
In this dynamic landscape, staying ahead of the competition requires continuous innovation, strong industry partnerships, agility in adapting to changing client needs and preferences, and a deep understanding of global trends shaping the MICE industry. We intend to continue competing vigorously to capture more market share and managing our growth in an optimal way.
Mach Conferences and Events Peer companies comparison
| Name of the company | Face Value (₹) | Current Market Price(₹) | EPS(₹) | P/E Ratio | RoNW (%) | NAVper Equity Share(₹) | Revenue from operations(₹ in Lakhs) |
| Mach Conferences and Events Limited | 10.00 | 225 | 13.92 | 16.16 | 52.82% | 26.35 | 23,725.89 |
| Peer Group | |||||||
| Exhicon Events Media Solutions Ltd | 10.00 | 337.15 | 4.87 | 69.28 | 8.56% | 56.85 | 4,118.22 |
| Touchwood Entertainment Limited | 10.00 | 135.70 | 3.42 | 39.67 | 10.00% | 32.70 | 3,271.73 |
(₹ in Lakhs except ratios & %)
| Particulars | Mach Conferences and Events Limited | Exhicon Events Media Solutions Ltd | Touchwood Entertainment Limited | ||||||||
| March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2024 | March 31, 2023 | March 31, 2022 | |||
| Revenue from Operations | 23,725.89 | 14,129.17 | 2,314.09 | 4,118.22 | 3,720.35 | 3,210.88 | 3,271.73 | 3,605.73 | 2,662.36 | ||
| EBITDA | 3454.01 | 1080.47 | -231.02 | 833.49 | 737.65 | 364.41 | 456.91 | 408 | 350.13 | ||
| EBITDA Margin | 14.56% | 7.65% | -9.98% | 20.24% | 19.83% | 11.35% | 13.97% | 11.32% | 13.15% | ||
| Profit After Tax | 2,618.29 | 880.76 | -260.64 | 630.78 | 577.86 | 261.52 | 362.18 | 299.36 | 215.73 | ||
| PAT Margin (%) | 11.04% | 6.23% | -11.26% | 15.32% | 15.53% | 8.14% | 11.07% | 8.30% | 8.10% | ||
| RoE (%) | 72.78% | 48.98% | -17.52% | 15.31% | 98.26% | 85.44% | 11.46% | 13.74% | 12.98% | ||
| RoCE (%) | 57.57% | 34.06% | -9.57% | 19.07% | 101.61% | 83.12% | 12.80% | 16.20% | 17.13% | ||
| Net Fixed Asset Turnover | 10.98 | 11.61 | 1.9 | 14.84 | 13.26 | 10.79 | 10.77 | 15.61 | 10.43 | ||
| Operating Cash Flows | 1,772.14 | -330.49 | -661.56 | -3,308.43 | -705.88 | – | -55.32 | 286.3 | 332.44 | ||
Mach Conferences and Events SWOT ANALYSIS
- Strength
- Experienced Promoter
- Professionally Qualified and experienced Team
- Establish Track Record
- One Stop Solution
- Weakness
- Lack of Funds
- Unavailability of experienced professional in our industry
- Opportunities
- Leveraging emerging technologies, global expansion and broadening service offerings.
- Explore International Market
- Scope of association with Airline/Hotel/Orther Service Provider
- Threats
- Increased Competiotion from domestic market
- Economic Recession
- Low entry barriers
Mach Conferences and Events Business risk factors
- Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect our revenues and profitability.
- Top ten customers of company for FY2023-24, FY2022-23 and FY 2021-22 contributed for 91.80%, 88.06% and 92.13%, respectively of our sales.
- Changing regulations in India could lead to new compliance requirements that are uncertain. The regulatory environment in which we operate is evolving and is subject to change.
- Company has negative cash flows from its operating activities in the past 3 years, details of which are given below. Sustained negative cash flow could impact our growth and business.
- Company operates in a highly competitive environment. Any failure to compete effectively could harm our business, future prospects and financial stability.
Mach Conferences and Events Financials
Mach Conferences and Events Key Financial Ratios
| Ratio | 31st March, 2024 | 31st March, 2023 | 31st March, 2022 |
| Current ratio | 1.77 | 1.29 | 1.02 |
| Debt-equity ratio | 0.25 | 0.44 | 0.38 |
| Debt Service Coverage ratio | 2.73 | 1.09 | -0.30 |
| Return on equity ratio | 0.73 | 0.49 | -0.18 |
| Trade receivables turnover ratio | 17.68 | 11.73 | 3.50 |
| Net capital turnover ratio | 6.89 | 15.79 | 38.39 |
| Net profit ratio | 0.11 | 0.06 | -0.11 |
| Return on capital employed | 0.58 | 0.34 | -0.10 |
Mach Conferences and Events Key Performance Indicators
(₹ in Lakhs except ratios & %)
| Particulars | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Revenue from Operations | 23,725.89 | 14,129.17 | 2,314.09 |
| EBITDA | 3454.01 | 1080.47 | -231.02 |
| EBITDA Margin | 14.56% | 7.65% | -9.98% |
| Profit After Tax | 2,618.29 | 880.76 | -260.64 |
| PAT Margin (%) | 11.04% | 6.23% | -11.26% |
| RoE (%) | 72.78% | 48.98% | -17.52% |
| RoCE (%) | 57.57% | 34.06% | -9.57% |
| Net Fixed Asset Turnover | 10.98 | 11.61 | 1.90 |
| Operating Cash Flows | 1,772.14 | (330.49) | (661.56) |
Mach Conferences and Events Balance Sheet
(₹ In Lakhs)
| Particulars | 31st March, 2024 | 31st March, 2023 | 31st March, 2022 |
| EQUITY AND LIABILITIES | |||
| Shareholder’s Funds | 4956.72 | 2238.47 | 1357.71 |
| Non-Current Liabilities | 708.07 | 457.33 | 70.48 |
| Current Liabilities | 4468.97 | 3076.83 | 2621.02 |
| T O T A L | 10133.75 | 5772.64 | 4049.21 |
| ASSETS | |||
| Non-Current Assets | 2218.90 | 1801.18 | 1367.91 |
| Current Assets | 7914.85 | 3971.46 | 2681.30 |
| T O T A L | 10133.75 | 5772.64 | 4049.21 |
Mach Conferences and Events Profit & Loss
(₹ in Lakhs except ratios & %)
| Particulars | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Revenue from Operations | 23,725.89 | 14,129.17 | 2,314.09 |
| EBITDA | 3454.01 | 1080.47 | -231.02 |
| EBITDA Margin | 14.56% | 7.65% | -9.98% |
| Profit After Tax | 2,618.29 | 880.76 | -260.64 |
| PAT Margin (%) | 11.04% | 6.23% | -11.26% |
Mach Conferences and Events Cash Flow
(₹ in Lakhs)
| Particulars | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Net cash flows generated/ operating activities | 1772.13 | -330.49 | -661.56 |
| Net cash flows generated/ investing activities | -94.49 | 44.02 | -1511.02 |
| Net cash flows generated/ generated from financing activities | 128.20 | 417.49 | 467.52 |
| Net increase/(decrease) in cash and cash equivalents | 1805.84 | 131.02 | -1705.06 |
Mach Conferences and Events Capital structure
(₹ in Lakhs except ratios & %)
| Particulars | Pre-issue |
| Debt | |
| Short Term Debt | 608.23 |
| Long Term Debt | 624.85 |
| Total Debt | 1,233.08 |
| Shareholders’ Fund | |
| Share Capital | 1,880.81 |
| Reserves & Surplus | 3,075.91 |
| Total Shareholders’ Fund | 4,956.72 |
| Long Term Debt/Equity | 0.13 |
| Total Debt/Equity | 0.25 |
IPO Details
Mach Conferences and Events IPO Details
| Feature | Details |
|---|---|
| IPO Type | Book-built issue |
| Issue Size | ₹125.28 crores |
| Fresh Issue | ₹50.15 crores |
| Offer for Sale | ₹75.13 crores |
| Price Band | ₹214 – ₹225 per share |
| Face Value | ₹10 per share |
| Minimum Lot Size | 600 shares |
| Listing | BSE SME |
| Open Date | September 4, 2024 |
| Close Date | September 6, 2024 |
Object of the issue
| Particulars | Amount (₹ in Lakhs) |
| To Meet Working Capital Requirements | 3326.00 |
| General Corporate Purpose | [●] |
Litigation involved in Mach Conferences and Events
Gray Market Premium
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