Operates as a small non-banking financial company (NBFC) on BSE, earning interest income from loans it extends. The loan book expanded sharply in FY26, rising to Rs. 290.69 lakhs from Rs. 30.25 lakhs the previous year, while borrowings were fully repaid to zero. FY26 revenue was Rs. 0.27 crore with net profit of Rs. 0.14 crore on total assets of Rs. 5.32 crore. The cost structure is dominated by other operating expenses at 68.4% of revenue, followed by employee costs at 24.7%. Cash and bank balances stood at Rs. 233.06 lakhs at year-end. Shareholders approved a doubling of authorised share capital to Rs. 10 crore via postal ballot in early 2026 to provide future fundraising flexibility, though no new shares were issued at that stage. The company qualifies for SEBI exemptions from several corporate governance requirements under small-company thresholds. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income on loans. Small, asset-light NBFC earning interest income from a growing loan book
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 1 | 0 | 0 |
| EBITDA (ex other income) | 0 | 0 | 0 | 0 | 0 |
| margin % | 55.0 | 53.4 | 50.4 | 63.5 | 6.9 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.59 | 0.63 | 0.66 | 0.97 | 0.44 |
| ROE % · ROCE % | 4.1 · — | 4.2 · — | 4.2 · — | 5.8 · — | 2.6 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | (0) | (0) | 6 | (3) |
| Capex | 0 | 0 | 0 | (0) | 0 |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.28 | 0.25 | 0.28 | 0.16 | 0.03 | 0.20 | 0.17 | 0.04 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 6,43,552 | 31.7 | 5.50 | 11.6 | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 2,42,019 | 18.1 | 3.67 | 6.7 | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,57,446 | 27.2 | 5.17 | 6.9 | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,54,110 | 28.2 | 3.27 | 6.5 | 10.4 | — | — | 75.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 26 Aug 2026 · Notice of 42nd AGM and e-voting info published in newspapers | compliance | minimal | — | — |
| 25 Aug 2026 · Annual Report FY25-26 web link shared with shareholders without email IDs | compliance | minimal | — | — |
| 24 Aug 2026 · Asia Capital submits Annual Report FY2025-26 and 42nd AGM notice | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Asia Capital 42nd AGM on Sep 19, 2026; seeks nod for Rs 100 Cr borrowings | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Book closure Sep 11-19, 2026 for 42nd AGM on Sep 19 | board shareholder meetings | minimal | — | — |
| 24 Aug 2026 · Board approves AGM on Sep 19, new Secretarial Auditor, and borrowings | management changes | medium | — | — |
| 17 Aug 2026 · Board meeting on Aug 24 to fix AGM details and appoint auditor | board shareholder meetings | low | — | — |
| 7 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 6 Aug 2026 · Asia Capital Q1 FY27 net profit jumps 5x on strong interest income growth | results | medium | — | — |
| 6 Aug 2026 · Asia Capital appoints new Internal Auditor for FY25-26 | management changes | medium | — | — |
| 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 |
| MUTHOOT FINANCE LIMITED |
| 1,12,094 |
| 9.9 |
| 2.82 |
| 3.9 |
| 26.7 |
| — |
| 22.0 |
| 84.0 |
| SBI CARDS & PAY SER LTD | 62,349 | 27.4 | 3.96 | — | 13.8 | — | — | 33.1 |
| HDB FINANCIAL SERVICES L | 55,706 | 20.2 | 2.70 | — | 12.3 | — | — | 58.0 |
| SUNDARAM FINANCE LTD | 52,217 | 23.3 | 3.51 | 6.7 | 13.8 | — | — | 78.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 280.4 | 18.2 | 205 of 212 | 3% |
| P/B | 7.2 | 1.1 | 236 of 245 | 4% |
| ROE | 2.6 | 3.0 | 145 of 266 | 46% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 19.9 | 48.6 | 164 of 249 | 34% |
| Revenue growth | 90.3 | 12.6 | 42 of 231 | 82% |
| Profit growth | (73.1) | 7.8 | 175 of 251 | 30% |
| Market cap | 38 | 37 | 130 of 260 | 50% |
| 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 |
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.
