NSE: AKCAPIT · BSE: 530499
A K CAPITAL SERVICES LTD.
Operates as a non-banking financial company (NBFC) that earns primarily through lending and investment activities routed through its subsidiary, A. K. Capital Finance Limited (AKCFL), in which it holds 95.12% (to become 93.38% post-conversion). AKCFL is an RBI-registered NBFC classified as NBFC-ND-SI and NBFC-ICC, with a net worth of INR 847.40 crores and a profit after tax of INR 50.09 crores for the nine months ended December 31, 2025. Consolidated FY26 revenue from operations stood at Rs 18,509.78 lakhs on a standalone basis, with total consolidated revenue of 571.92 crore. The group raises short-term funding through Commercial Papers — it had Rs 117 crores of CP borrowings outstanding on March 31, 2026, carrying the highest short-term rating of CARE A1+ — and also invests capital in its subsidiary, including a INR 75 crore subscription to CCPS in March 2026 to support AKCFL's business expansion. The biggest cost line is employee cost at 17.3% of revenue, followed by other operating expenses at 6.7%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Lending and investment income via subsidiary AKCFL, Treasury and short-term funding operations. Asset-light NBFC holding company with short-term debt funding and subsidiary-led lending
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 322 | 406 | 519 | 481 | 572 |
| EBITDA (ex other income) | 208 | 256 | 327 | 341 | 399 |
| margin % | 64.5 | 63.0 | 63.0 | 70.8 | 69.9 |
| Owners' profit | 82 | 88 | 92 | 84 | 110 |
| EPS, as reported (₹) | 124.65 | 132.78 | 138.95 | 128.38 | 167.20 |
| ROE % · ROCE % | 10.5 · — | 10.2 · — | 9.8 · — | 8.6 · — | 10.1 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (119) | 45 | 340 | (478) | (258) |
| Capex | (4) | (6) | (9) | (3) | (6) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 115 | 120 | 115 | 131 | 134 | 154 | 135 | 149 |
| Profit before tax | 30 | 26 | 23 | 30 | 32 | 41 | 35 | 45 |
| Net profit | 23 | 20 | 17 | 27 | 24 | 31 | 26 | 33 |
| EPS (₹) | 34.40 | 30.07 | 25.00 | 38.90 | 35.00 | 45.65 | 37.92 | 48.63 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 5,70,768 | 28.1 | 4.88 | — | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 1,94,820 | 14.6 | 2.96 | — | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,31,798 | 22.8 | 4.33 | — | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,31,209 | 24.0 | 2.79 | — | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 96,352 | 8.5 | 2.42 | — | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 50,202 | 22.1 | 3.19 | — | 13.8 | — | — | 33.1 |
| SUNDARAM FINANCE LTD | 43,766 | 19.6 | 2.94 | — | 13.8 | — | — | 78.4 |
| AUTHUM INVEST & INFRA LTD | 42,040 | 7.2 | 2.85 | — | 13.1 | — | — | 90.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.5 | 18.1 | 64 of 200 | 68% |
| P/B | 1.0 | 1.1 | 123 of 253 | 51% |
| ROE | 10.1 | 3.1 | 55 of 257 | 79% |
| EBITDA margin | 71.6 | 48.6 | 76 of 249 | 70% |
| Revenue growth | 13.1 | 12.6 | 115 of 231 | 50% |
| Profit growth | 23.6 | 7.8 | 110 of 251 | 56% |
| Market cap | 1155 | 34 | 33 of 268 | 88% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Final dividend of Rs 22 per share paid; some credits failed | compliance | minimal | — | — |
| 26 Oct 2026 · A K Capital Services allots INR 5 crore of commercial papers | fund raising | medium | — | — |
| 23 Oct 2026 · Rs. 12 first interim dividend shared with shareholders | compliance | minimal | — | — |
| 23 Oct 2026 · Company approves INR 5 crore commercial paper issue | fund raising | medium | — | — |
| 15 Oct 2026 · AK Capital Services repays Rs 5 crore commercial paper on maturity | compliance | minimal | — | — |
| 15 Oct 2026 · A K Capital Services allots Rs 25 Cr Commercial Papers at 9% discount | fund raising | medium | — | — |
| 14 Oct 2026 · A K Capital to issue Rs 25 crore Commercial Papers maturing Feb 2027 | fund raising | medium | — | — |
| 9 Oct 2026 · Routine compliance filing: No securities dematerialized in Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closure for Q2 and H1 FY26-27 results | compliance | minimal | — | — |
| 23 Sept 2026 · A K Capital Services allots 20 crore Commercial Papers at 8.90 percent discount rate | fund raising | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.