IndusInd Financial institution, Chalet Resorts to MedPlus – These shares have highest promoter pledges. Do you personal any?

In response to an evaluation achieved by home brokerage agency Kotak Institutional Equities, the pledged holdings of BSE-500 shares declined throughout the December 2024 quarter. The worth of promoter (majority shareholder) pledged holdings, as a share of whole promoter holdings, fell to 0.84% within the December 2024 quarter from 0.87% within the September 2024 quarter.

The proportion of promoter-pledged holdings was 1.16% in December 2022 and has been on a downtrend since subsequent quarters. It dropped beneath 1% within the June 2024 quarter and additional to 0.87% within the September 2024 quarter.

The evaluation revealed that promoters of 69 firms within the BSE-500 index had pledged a portion of their holdings within the December 2024 quarter.

Trying on the particular person firms, Medplus Well being Companies had the best pledged holding as a share of promoter pledged holdings at 55.2%, adopted by IndusInd Financial institution at 50.9%. Chalet Resorts and Ashok Leyland additionally reported vital pledged holdings at 31.9% and 30.1%, respectively.

GMR Airports and Sterling & Wilson have pledged holdings of 29.5% and 27.6%, whereas Kalpataru Initiatives and Chambal Fertilisers stood at 24.6% and 19.5%, respectively. When it comes to pledged holdings as a share of whole shares, Medplus Well being Companies, Chalet Resorts, and GMR Airports topped the listing.

Medplus Well being Companies noticed a rise in pledged holdings (% of whole shares) to 22.3% in December 2024, up from 21.9% in September 2024, whereas Chalet Resorts’ pledged holdings remained regular at 21.5%. GMR Airports’ pledged holdings rose to 19.5%, reflecting a notable enhance, as per the report. 

Please observe that pledging of shares doesn’t essentially point out monetary misery for a corporation or promoter. In some circumstances, banks and lenders might require further safety within the type of promoter share pledges.

Whole pledged holdings at ₹1.63 trillion

As per the report, the whole worth of pledged promoter holdings stood at ₹1.63 trillion on the finish of Q3FY25, accounting for about 0.4% of the whole market capitalisation of the BSE-500 index.

When it comes to the best worth, Hindustan Zinc, GMR Airports, and JSW Metal have the best pledged promoter holdings in worth phrases. Hindustan Zinc tops the listing with pledged holdings price ₹172.5 billion, adopted by GMR Airports at ₹161.5 billion and JSW Metal at ₹139.1 billion.

Ashok Leyland and Kalyan Jewellers additionally function prominently, with pledged values of ₹99.6 billion and ₹96.0 billion, respectively. Different notable names embrace Lloyds Metals and Jindal Metal & Energy, each with pledged values of ₹74.2 billion, whereas Aurobindo Pharma and JSW Vitality have pledged holdings of ₹71.6 billion and ₹73.3 billion, respectively.

Additional, the report additionally highlights firms the place pledged promoter holdings elevated within the December quarter, together with IndusInd Financial institution, Anand Rathi Wealth, Ashok Leyland, Anupam Rasayan, and Laurus Labs, amongst others. Conversely, pledged promoter holdings declined in Swan Vitality, Krishna Institute of Medical Sciences, Solar Pharma Superior Analysis, Aurobindo Pharma, and Chambal Fertilisers.

Furthermore, the report famous new promoter pledges in Laurus Labs, whereas Solar Pharma Superior Analysis and UPL had been among the many firms the place promoters launched almost all pledged holdings or bought stakes to repay money owed.

Additional, the report recognized Nifty 50 firms with greater than 5% of pledged promoter holdings, together with Apollo Hospitals (13.5%), Asian Paints (9.2%), IndusInd Financial institution (50.9%), and JSW Metal (14.1%).

Disclaimer: The views and proposals given on this article are these of particular person analysts. These don’t signify the views of Mint. We advise buyers to test with licensed consultants earlier than taking any funding selections.