BSE: 540135
ARC Finance Limited
Operates in financial services as a small securities-trading and investment entity listed on BSE and the Calcutta Stock Exchange. Revenue is dominated by sale of shares, with Q2 FY26 alone contributing ₹1,900.57 lakh of the ₹2,004.60 lakh total revenue from operations for that quarter. The full-year FY26 total income was ₹2,808.64 lakh, up 20.6% from FY25, but PAT fell sharply to ₹72.47 lakh from ₹331.25 lakh. The biggest line item on the cost side is purchases of stock-in-trade (₹1,830.09 lakh in 9M FY26 against ₹795.88 lakh a year earlier), reflecting the cost of securities bought for trading. Employee cost is just 0.7% of revenue and there is no materials cost, consistent with a non-operating, trading-style business rather than a manufacturing or lending NBFC. Borrowings jumped from ₹57.90 lakh in March 2025 to ₹1,405.96 lakh by March 2026, indicating the firm leveraged up to fund its trading book during the year. Quarterly revenue is highly lumpy, with Q3 FY26 collapsing to ₹158.01 lakh (from ₹667.33 lakh a year earlier) when the share-sale activity did not repeat. The statutory auditor (SRV & Associates / SS RV & Associates) issued an unqualified opinion on both the limited review and annual results. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Sale of shares / securities trading, Other financial services income. Cyclical, small-cap, securities-trading financial entity with lumpy quarterly revenue and rising leverage.
Exhibit 1: Financial summary, FY20–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY20 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 8 | 7 | 9 | 23 | 28 |
| EBITDA (ex other income) | 0 | 2 | 1 | 6 | 2 |
| margin % | 3.2 | 26.6 | 7.1 | 27.6 | 5.9 |
| Owners' profit | 0 | 0 | 0 | 3 | 1 |
| EPS, as reported (₹) | 0.05 | 0.01 | 0.01 | 0.04 | 0.01 |
| ROE % · ROCE % | 0.5 · 0.5 | 0.6 · — | 0.5 · — | 3.4 · — | 0.7 · — |
| Debt / equity (x) | 0.02 | — | — | — | — |
| Cash from operations | — | 0 | (12) | (41) | 1 |
| Capex | — | (1) | (0) | (0) | (0) |
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 | 1 | 12 | 7 | 4 | 1 | 20 | 2 | 6 |
| Profit before tax | 4 | 5 | 0 | (5) | 0 | 0 | 0 | 1 |
| Net profit | 3 | 3 | 0 | (3) | 0 | 0 | (0) | 0 |
| EPS (₹) | 0.06 | 0.07 | 0.00 | (0.04) | 0.00 | 0.00 | 0.00 | 0.01 |
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. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 33,999 | 38.5 | 10.39 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,509 | 19.5 | 4.10 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,234 | — | 2.54 | 37.9 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 969 | — | 0.74 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| PRIME SECURITIES LIMITED | 968 | 172.9 | 3.78 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 881 | 26.7 | 5.18 | 16.9 | 22.5 | 30.3 | — | 97.5 |
| REGENCY FINCORP LIMITED | 571 | 52.3 | 3.56 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 529 | — | 1687.57 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 43.0 | 19.0 | 55 of 76 | 28% |
| P/B | 0.4 | 1.0 | 25 of 105 | 75% |
| ROE | 0.7 | 1.3 | 64 of 111 | 43% |
| EBITDA margin | 19.4 | 25.6 | 49 of 91 | 47% |
| Revenue growth | 54.4 | (4.1) | 21 of 85 | 76% |
| Profit growth | 113.8 | (0.2) | 23 of 109 | 80% |
| Market cap | 37 | 26 | 46 of 113 | 60% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Quarterly compliance certificate for dematerialization of securities | compliance | minimal | — | — |
| 30 Sept 2026 · ARC Finance 44th AGM: Two resolutions pass with near-unanimous support | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Outcome of 44th AGM held on 30 September 2026 | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading Window Closure for Q2 FY27 Results | compliance | minimal | — | — |
| 9 Sept 2026 · AGM notice published in newspapers for FY 2025-26 | compliance | minimal | — | — |
| 8 Sept 2026 · 44th AGM on 30 Sep 2026 at 2:30 PM via video conference; annual report web-link | compliance | minimal | — | — |
| 8 Sept 2026 · ARC Finance files 44th Annual Report for FY26; AGM on September 30 | compliance | medium | — | — |
| 8 Sept 2026 · ARC Finance Book Closure for 44th AGM, Sep 24 to Sep 30, 2026 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · 44th AGM notice on Sep 30, 2026; adopts FY26 results, reappoints director | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Board approves 44th AGM notice, e-voting dates for Sep 30 | board shareholder meetings | low | — | — |
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.