# Critical Metals share price today (Critical Metals Corp., CRML) > Critical Metals Corp.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. CRML · Materials · Other Industrial Metals & Mining · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/crml Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms ## Key numbers - Price: $6.25 (−51.7% in a year) - Revenue (Jun 2026): $1.3 M (+556.7% on a year ago) - Profit (Jun 2026), incl. one-off: −$108 M (one-off item, see below) - ROE: −62%, FY26 Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Critical Metals share price today? Critical Metals Corp.'s share price was $6.25 at the close on 3 November 2026. That is 31.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between $5 and $21, and at that close it sat 5% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 1 week running. Over the last 1 year the share price moved +108% while the S&P 500 moved +21%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Critical Metals pay? Critical Metals Corp. pays no dividend. In the last 7 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Critical Metals on? Critical Metals is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Critical Metals profitable? Critical Metals Corp. posted a net loss of $108 M in the Jun 2026 quarter. That quarter includes a one-off gain bigger than its revenue, so the comparison with last year does not reflect normal business. The full FY26 year was a loss of $228 M. That loss is 8,168.5% of the quarter's revenue. The same quarter a year earlier lost $138 M. Read this profit with care: at −$108 M it is bigger than the quarter's whole revenue of $1.3 M. No business earns more than it takes in from sales, so this is a one-off item (for example a debt settlement, a tax write-back or an asset sale), not money the business earned. The underlying business is running at a −4,124.8% operating margin. The jump on last year, and any P/E built on this profit, come from the one-off, not from a real turn in earnings. ## How much revenue does Critical Metals make, and is it growing? Critical Metals Corp. reported $1.3 M of revenue in the Jun 2026 quarter, +556.7% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 3 years it has grown 157.2% a year on average. The last full year, FY26, came in at $1.9 M. FY26 revenue was $1.9 M, +236.5% on the year before. Recent pace: the last four quarters grew +228.8% on average, against 157.2% a year over the longer run, so this year is growing faster than its own long-run rate. ## How much of every $100 of sales does Critical Metals keep? Critical Metals Corp. has almost no sales yet: FY26 revenue was $1.9 M. On sales that small an operating margin is not a useful reading, so this section is left out until sales grow. ## Is Critical Metals' profit turning into cash? Critical Metals Corp.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY26 its operations used $29.7 M of cash, against −$228 M of profit. After $13.0 M of spending on assets, free cash was −$42.6 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Critical Metals' cash go? Critical Metals Corp. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $15.1 M on assets over the last 3 years. Averaged over those years that is 265.9% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $15.1 M over the last 3 years. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is Critical Metals' P/E ratio, and how does it compare with its own history? Critical Metals Corp. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Critical Metals Corp. at 486.6× its FY26 revenue of $1.9 M. The P/E comes back here once profit turns positive. ## Is the Critical Metals business getting better or worse? Critical Metals Corp.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Critical Metals earn on its capital? Critical Metals Corp. earned a ROE of −62% in FY26. Its return on capital used (ROIC) is left out: on sales this small it reads −92%, a number that says nothing useful about the business. ## Does Critical Metals have too much debt? Critical Metals Corp. has total debt of $6.5 M against shareholder equity of $368 M as of Jun 2026, so its debt is 0.02× its equity, which is very little. Year by year, that ratio went from 0.00 in FY21 to 0.02 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Critical Metals shareholding pattern? 37.4% of Critical Metals Corp.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 3.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Critical Metals from balance-sheet trouble? For Critical Metals Corp., the Z-score is 3.28. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 3.28 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Critical Metals rank in its industry? 49.3 out of 100, rank 16 of 29 in Other Industrial Metals & Mining, with 47% of the evidence available. It is provisional, so it is ranked below companies with full evidence. Critical Metals Corp. scores 49.3 out of 100 against the 29 companies it is compared with in Other Industrial Metals & Mining, ranking 16. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 20.4 + 6.8 + 9.8 + 12.3 = 49.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Critical Metals compared with? Critical Metals ranks 16 of 29 Other Industrial Metals & Mining companies on the 4-Factor Sector Score, with 49.3 out of 100. 1. [Teck Resources Limited](https://www.sectoralpha.in/us/stocks/teck) TECK · losing its lead · Most evidence points up · 64% evidence 67.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Revenue 40.5% · Profit n/a · Operating margin change 29.8 points · 62% evidence Capital efficiency 16.2/25 · ROCE 10.3% · Operating margin 43.1% · 76% evidence Valuation 9.1/20 · P/E 16.6× · PEG n/a · 15% evidence Relative strength 19.2/20 · Lead over its industry 51.9% · Lead over S&P 500 3% · 1 year 50.4% · 100% evidence · 6 of 12 weeks ahead Exact sum: 23.4 + 16.2 + 9.1 + 19.2 = 67.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Santacruz Silver Mining Ltd.](https://www.sectoralpha.in/us/stocks/sczm) SCZM · losing its lead · Most evidence points up · 81% evidence 67.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 39.9% · Profit -32.8% · Operating margin change 12.1 points · 83% evidence Capital efficiency 20.2/25 · ROCE 36.5% · Operating margin 38.8% · 76% evidence Valuation 14.4/20 · P/E 14.2× · PEG 0.41 · 65% evidence Relative strength 14.4/20 · Lead over its industry 11.3% · Lead over S&P 500 -25.8% · 1 year 28.2% · 100% evidence · 10 of 12 weeks ahead Exact sum: 18.8 + 20.2 + 14.4 + 14.4 = 67.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [BHP Group Limited](https://www.sectoralpha.in/us/stocks/bhp) BHP · quiet · Too little evidence to rank firmly · 51% evidence 67.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.2/35 · Revenue n/a · Profit n/a · Operating margin change 5.6 points · 26% evidence Capital efficiency 21.5/25 · ROCE 23.6% · Operating margin 43.3% · 76% evidence Valuation 8.9/20 · P/E 21.2× · PEG n/a · 15% evidence Relative strength 17.4/20 · Lead over its industry 43.7% · Lead over S&P 500 -2.8% · 1 year 41.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.2 + 21.5 + 8.9 + 17.4 = 67 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Nexa Resources S.A.](https://www.sectoralpha.in/us/stocks/nexa) NEXA · quiet · Evidence leans up · 64% evidence 63.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 24.3% · Profit n/a · Operating margin change 11.1 points · 62% evidence Capital efficiency 17.1/25 · ROCE 17.5% · Operating margin 19.8% · 76% evidence Valuation 9.6/20 · P/E 5.8× · PEG n/a · 15% evidence Relative strength 15.6/20 · Lead over its industry 35.7% · Lead over S&P 500 -9.3% · 1 year 117.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.9 + 17.1 + 9.6 + 15.6 = 63.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Rio Tinto Group](https://www.sectoralpha.in/us/stocks/rio) RIO · quiet · Too little evidence to rank firmly · 51% evidence 61.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue n/a · Profit n/a · Operating margin change 2.9 points · 26% evidence Capital efficiency 18.1/25 · ROCE 14% · Operating margin 28% · 76% evidence Valuation 9.5/20 · P/E 13.5× · PEG n/a · 15% evidence Relative strength 14.8/20 · Lead over its industry 25.9% · Lead over S&P 500 -15.4% · 1 year 17.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.6 + 18.1 + 9.5 + 14.8 = 61 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Materion Corporation](https://www.sectoralpha.in/us/stocks/mtrn) MTRN · losing its lead · Too little evidence to rank firmly · 58% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.0/35 · Revenue n/a · Profit n/a · Operating margin change 0.5 points · 45% evidence Capital efficiency 13.3/25 · ROCE 8.4% · Operating margin 8.6% · 76% evidence Valuation 8.8/20 · P/E 61.3× · PEG n/a · 15% evidence Relative strength 18.1/20 · Lead over its industry 62.7% · Lead over S&P 500 11.4% · 1 year 95.9% · 100% evidence · 5 of 12 weeks ahead Exact sum: 16 + 13.3 + 8.8 + 18.1 = 56.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [MP Materials Corp.](https://www.sectoralpha.in/us/stocks/mp) MP · quiet · Evidence leans up · 64% evidence 55.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 72.3% · Profit n/a · Operating margin change 62.4 points · 62% evidence Capital efficiency 9.4/25 · ROCE -2.5% · Operating margin -14.7% · 76% evidence Valuation 11.5/20 · P/E -104.3× · PEG n/a · 15% evidence Relative strength 11.5/20 · Lead over its industry -2.1% · Lead over S&P 500 -34.7% · 1 year -35.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.1 + 9.4 + 11.5 + 11.5 = 55.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Ferroglobe PLC](https://www.sectoralpha.in/us/stocks/gsm) GSM · quiet · Evidence leans up · 64% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Revenue -8.6% · Profit n/a · Operating margin change 12.7 points · 62% evidence Capital efficiency 11.7/25 · ROCE -2% · Operating margin 15% · 76% evidence Valuation 10.5/20 · P/E -14.7× · PEG n/a · 15% evidence Relative strength 16.2/20 · Lead over its industry 27.5% · Lead over S&P 500 -14.1% · 1 year -1.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 14.8 + 11.7 + 10.5 + 16.2 = 53.2 · What this means: Relative strength against the index is -14.1%, and revenue and profit growth are weak. 9. [Almonty Industries Inc.](https://www.sectoralpha.in/us/stocks/alm) ALM · quiet · Evidence leans up · 64% evidence 51.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.9/35 · Revenue 100% · Profit n/a · Operating margin change 201.6 points · 62% evidence Capital efficiency 12.2/25 · ROCE 0.3% · Operating margin 37.5% · 76% evidence Valuation 8.6/20 · P/E 63× · PEG n/a · 15% evidence Relative strength 5.3/20 · Lead over its industry -9.8% · Lead over S&P 500 -41% · 1 year 24.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.9 + 12.2 + 8.6 + 5.3 = 51 · What this means: Earnings are strong; relative strength in its sector is -9.8% and the one-year return is 24.1%. 10. [Americas Gold and Silver Corporation](https://www.sectoralpha.in/us/stocks/usas) USAS · quiet · Evidence leans down · 64% evidence 49.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.4/35 · Revenue 87.6% · Profit n/a · Operating margin change 50.8 points · 62% evidence Capital efficiency 10.7/25 · ROCE 8% · Operating margin 11% · 76% evidence Valuation 10.9/20 · P/E -29× · PEG n/a · 15% evidence Relative strength 3.7/20 · Lead over its industry -28.5% · Lead over S&P 500 -53.2% · 1 year -30.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.4 + 10.7 + 10.9 + 3.7 = 49.7 · What this means: Earnings are strong; relative strength in its sector is -28.5% and the one-year return is -30.3%. 11. [Sigma Lithium Corporation](https://www.sectoralpha.in/us/stocks/sgml) SGML · quiet · Evidence leans down · 64% evidence 48.6 out of 100 Growth Capital Valuation Relative 12. [Compass Minerals International, Inc.](https://www.sectoralpha.in/us/stocks/cmp) CMP · quiet · Evidence leans down · 74% evidence 48.4 out of 100 Growth Capital Valuation Relative 13. [United States Antimony Corporation](https://www.sectoralpha.in/us/stocks/uamy) UAMY · quiet · Most evidence points down · 64% evidence 31.5 out of 100 Growth Capital Valuation Relative 14. Skeena Resources Limited SKE · losing its lead · Too little evidence to rank firmly · 47% evidence 54.0 out of 100 Growth Capital Valuation Relative 15. Vizsla Silver Corp. VZLA · quiet · Too little evidence to rank firmly · 50% evidence 49.8 out of 100 Growth Capital Valuation Relative 16. Critical Metals Corp. this page CRML · basing · Too little evidence to rank firmly · 47% evidence 49.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.4/35 · Revenue n/a · Profit n/a · Operating margin change 8905.1 points · 26% evidence Capital efficiency 6.8/25 · ROCE -20.9% · Operating margin n/a · 61% evidence Valuation 9.8/20 · P/E 0× · PEG n/a · 15% evidence Relative strength 12.3/20 · Lead over its industry -1.9% · Lead over S&P 500 -35.5% · 1 year -42% · 100% evidence · 3 of 12 weeks ahead Exact sum: 20.4 + 6.8 + 9.8 + 12.3 = 49.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 17. [Elevra Lithium Limited](https://www.sectoralpha.in/us/stocks/elvr) ELVR · quiet · Too little evidence to rank firmly · 45% evidence 47.3 out of 100 Growth Capital Valuation Relative 18. NioCorp Developments Ltd. NB · quiet · Too little evidence to rank firmly · 50% evidence 46.2 out of 100 Growth Capital Valuation Relative 19. Lithium Americas Corp. LAC · quiet · Too little evidence to rank firmly · 50% evidence 43.5 out of 100 Growth Capital Valuation Relative 20. Western Copper and Gold Corporation WRN · quiet · Too little evidence to rank firmly · 47% evidence 42.7 out of 100 Growth Capital Valuation Relative 21. Lithium Argentina AG LAR · quiet · Too little evidence to rank firmly · 50% evidence 41.5 out of 100 Growth Capital Valuation Relative 22. USA Rare Earth, Inc. USAR · quiet · Too little evidence to rank firmly · 46% evidence 38.5 out of 100 Growth Capital Valuation Relative 23. Evolution Metals & Technologies Corp. EMAT · basing · Too little evidence to rank firmly · 22% evidence 37.1 out of 100 Growth Capital Valuation Relative 24. Blue Moon Metals Inc. BMM · quiet · Too little evidence to rank firmly · 47% evidence 35.7 out of 100 Growth Capital Valuation Relative 25. IperionX Limited IPX · quiet · Too little evidence to rank firmly · 47% evidence 35.6 out of 100 Growth Capital Valuation Relative 26. Trilogy Metals Inc. TMQ · quiet · Too little evidence to rank firmly · 50% evidence 35.5 out of 100 Growth Capital Valuation Relative 27. [REalloys Inc.](https://www.sectoralpha.in/us/stocks/aloy) ALOY · quiet · Too little evidence to rank firmly · 47% evidence 32.1 out of 100 Growth Capital Valuation Relative 28. TMC the metals company Inc. TMC · quiet · Too little evidence to rank firmly · 47% evidence 31.5 out of 100 Growth Capital Valuation Relative 29. Northern Dynasty Minerals Ltd. NAK · quiet · Too little evidence to rank firmly · 50% evidence 29.8 out of 100 Growth Capital Valuation Relative Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Other Industrial Metals & Mining](https://www.sectoralpha.in/us/sectors/other-industrial-metals-mining), all 29 compared on one page. ## Which companies are close to Critical Metals in size? Critical Metals is the 10th largest of 20 Other Industrial Metals & Mining companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Almonty Industries Inc., Nexa Resources S.A. and Compass Minerals International, Inc. Just below it: Americas Gold and Silver Corporation, Ferroglobe PLC and Santacruz Silver Mining. ### Other Industrial Metals & Mining companies close in size 1. [Almonty Industries Inc.](https://www.sectoralpha.in/us/stocks/alm) $2.5 billion 2. [Nexa Resources S.A.](https://www.sectoralpha.in/us/stocks/nexa) $1.5 billion 3. [Compass Minerals International, Inc.](https://www.sectoralpha.in/us/stocks/cmp) $961 million 4. Critical Metals Corp. $919 million 5. [Americas Gold and Silver Corporation](https://www.sectoralpha.in/us/stocks/usas) $916 million 6. [Ferroglobe PLC](https://www.sectoralpha.in/us/stocks/gsm) $721 million 7. [Santacruz Silver Mining Ltd.](https://www.sectoralpha.in/us/stocks/sczm) $629 million [All 20 Other Industrial Metals & Mining companies, largest first](https://www.sectoralpha.in/us/sectors/other-industrial-metals-mining#all-companies) ### Companies close in size in other industries 1. [Rapid7, Inc.](https://www.sectoralpha.in/us/stocks/rpd) $1 billion · Software - Infrastructure 2. [Emerald Holding, Inc.](https://www.sectoralpha.in/us/stocks/eex) $997 million · Advertising Agencies 3. Critical Metals Corp. $997 million 4. [Camden National Corporation](https://www.sectoralpha.in/us/stocks/cac) $996 million · Banks - Regional 5. [Central Pacific Financial Corp.](https://www.sectoralpha.in/us/stocks/cpf) $992 million · Banks - Regional ## What else do people ask about Critical Metals? ### What were Critical Metals's latest quarterly results? Critical Metals Corp. reported revenue of $1.3 M and a net loss of $108 M for the Jun 2026 quarter. Earnings per share were −$0.82. The operating margin was −4,124.8%, 8,888.6 percentage points higher than a year earlier (as of 3 November 2026). ### What is Critical Metals's market cap? Critical Metals Corp.'s market capitalisation is $919 M at a stock price of $6.25. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Critical Metals performing? Critical Metals Corp.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 1 week running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Critical Metals's stock price go up? This page does not forecast Critical Metals Corp.'s stock price. What it shows instead: the stock price is $6.25. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### What could break the Critical Metals story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Critical Metals a stock worth studying right now? What the numbers show: Critical Metals Corp.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.