BSE: 539434
Brilliant Portfolios Ltd.
Operates as a Non-Banking Financial Company (NBFC) headquartered in New Delhi, earning income primarily from interest on its loan book. The loan portfolio grew to ₹3,191.60 lakh as at FY26 from ₹2,270 lakh the year before, funded largely by borrowings of ₹2,298 lakh. Total income from operations for FY26 stood at ₹322.76 lakh against ₹320.30 lakh in FY25, while profit after tax rose to ₹64.04 lakh from ₹55.07 lakh. Operating cash flow swung to ₹(299.13) lakh in FY26 from ₹23.33 lakh in FY25, driven by the ₹921.60 lakh increase in loans disbursed. Cost structure is light: employee costs are 3.5% of revenue, other operating expenses 15.6% and depreciation 2.5%, with no material input costs or capex reported. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income on loans. Small, asset-light NBFC dependent on debt-funded lending
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2 | 3 | 3 | 3 | 3 |
| EBITDA (ex other income) | 2 | 2 | 2 | 3 | 3 |
| margin % | 86.1 | 85.0 | 78.3 | 80.5 | 79.8 |
| Owners' profit | 0 | 0 | 0 | 1 | 1 |
| EPS, as reported (₹) | 1.03 | 1.51 | 1.61 | 1.78 | 2.06 |
| ROE % · ROCE % | 4.1 · — | 5.7 · — | 5.7 · — | 5.9 · — | 6.4 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 1 | (3) | 0 | 0 | (3) |
| Capex | 0 | 0 | (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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.40 | 0.40 | 0.39 | 0.58 | 0.39 | 0.47 | 0.34 | 0.86 |
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) | 5.0 | 18.1 | 22 of 200 | 89% |
| P/B | 0.3 | 1.1 | 30 of 253 | 88% |
| ROE | 6.5 | 3.1 | 88 of 257 | 66% |
| EBITDA margin | 83.4 | 48.6 | 50 of 249 | 80% |
| Revenue growth | 17.3 | 12.6 | 103 of 231 | 56% |
| Profit growth | 47.5 | 7.8 | 88 of 251 | 65% |
| Market cap | 3 | 34 | 260 of 268 | 3% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · RTA certificate on dematerialisation for Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1, 2026 till Q2 FY27 results declaration | compliance | minimal | — | — |
| 28 Sept 2026 · 32nd AGM results: All 6 resolutions passed with near-unanimous majority | board shareholder meetings | medium | — | — |
| 27 Sept 2026 · 32nd AGM concluded; 6 resolutions passed including remuneration hikes | board shareholder meetings | low | — | — |
| 2 Sept 2026 · 32nd AGM on Sep 27, 2026 via VC; MD and CFO pay hike on agenda | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Newspaper notice for 32nd AGM published; e-voting from Sept 24 to 26 | compliance | minimal | — | — |
| 1 Sept 2026 · Integrated Annual Report and AGM Notice filed for FY 2025-26 | results | high | — | — |
| 1 Sept 2026 · Notice of 32nd AGM and FY26 Annual Report filed with BSE | board shareholder meetings | medium | — | — |
| 29 Aug 2026 · Newspaper notice published for 32nd AGM on 27 Sept 2026 | compliance | minimal | — | — |
| 26 Aug 2026 · Promoters buy 4.88 percent in Brilliant Portfolios via off-market deal | ownership changes | high | — | — |
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.