BSE: 535267
COMFORT FINCAP LTD.
Operates as a small RBI-registered non-banking financial company (NBFC-ICC) listed on BSE, earning mainly interest income on its lending book, which totalled ₹1,607 lakhs in FY26. Lending products include Loans Against Securities, supply chain finance and promoter funding (the traditional B2B book), plus a newly launched Consumer Durable Loan — a smartphone point-of-sale financing product rolled out initially in Gujarat and Rajasthan with paperless approvals in as little as five minutes. Assets under management stood at ₹95.71 crore against a net worth of ₹100.14 crore in FY26, with total income of ₹16.11 crore (up 21% year-on-year) and profit after tax of ₹7.49 crore (up about 47% year-on-year). Profitability got a lift from sharply lower finance costs — interest expense fell to ₹103 lakhs from ₹251 lakhs after borrowings were cut from ₹2,186 lakhs to ₹437 lakhs — though bad debts provision rose to ₹143 lakhs from ₹8 lakhs in the prior year. The business runs on a tech-enabled platform with digital KYC, automated credit decisioning and API integration, and is building a digital Loan Against Shares/Mutual Funds offering aimed at HNWIs and retail investors. The largest operating cost lines are employee expenses at 15.5% of revenue and other operating expenses at 14.6% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Loans Against Securities, Consumer Durable Loans, Supply Chain Finance, Promoter Funding. Small, technology-first NBFC-ICC shifting from B2B secured lending toward digital retail consumer credit
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 12 | 15 | 14 | 13 | 16 |
| EBITDA (ex other income) | 10 | 12 | 10 | 10 | 11 |
| margin % | 76.8 | 78.6 | 71.4 | 72.5 | 67.6 |
| Owners' profit | 0 | 0 | 0 | 5 | 0 |
| EPS, as reported (₹) | 4.08 | 0.90 | 0.95 | 0.88 | 0.86 |
| ROE % · ROCE % | 9.8 · — | 9.7 · — | 9.4 · — | 5.9 · — | 7.5 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (15) | 27 | 4 | (20) | 13 |
| Capex | 0 | (0) | (1) | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 3 | 4 | 4 | 4 | 5 | 4 | 4 |
| Profit before tax | 1 | 2 | 1 | 3 | 2 | 3 | 2 | 3 |
| Net profit | 1 | 1 | 1 | 3 | 1 | 2 | 1 | 2 |
| EPS (₹) | 0.19 | 0.22 | 0.12 | 0.32 | 0.48 | 0.26 | 0.12 | 0.22 |
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) | 7.3 | 18.1 | 40 of 200 | 80% |
| P/B | 0.8 | 1.1 | 100 of 253 | 60% |
| ROE | 7.5 | 3.1 | 79 of 257 | 70% |
| EBITDA margin | 70.1 | 48.6 | 82 of 249 | 67% |
| Revenue growth | 15.7 | 12.6 | 106 of 231 | 54% |
| Profit growth | (17.4) | 7.8 | 140 of 251 | 44% |
| Market cap | 77 | 34 | 93 of 268 | 66% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board to approve September 2026 quarterly and half-year results | results | low | — | — |
| 13 Oct 2026 · Newspaper ad for special window to re-lodge physical share transfers | compliance | minimal | — | — |
| 9 Oct 2026 · Routine SEBI compliance certificate filed for Q2 FY27 | compliance | minimal | — | — |
| 7 Oct 2026 · Registered Office shifted from West Bengal to Maharashtra, approved by RD | regulatory legal | low | — | — |
| 28 Sept 2026 · Trading Window Closure - Comfort Fincap, Q2 FY27 | compliance | minimal | — | — |
| 22 Sept 2026 · Comfort Fincap 44th AGM: all 5 resolutions passed, dividend of Rs 0.10 per share declared | board shareholder meetings | low | — | — |
| 21 Sept 2026 · Comfort Fincap 44th AGM: final dividend declared, 5 resolutions passed | board shareholder meetings | low | — | — |
| 30 Aug 2026 · Comfort Fincap 44th AGM notice published, book closure Sep 15 to 21 | compliance | minimal | — | — |
| 28 Aug 2026 · AGM notice and annual report letter sent to shareholders | compliance | minimal | — | — |
| 28 Aug 2026 · TDS notice on 5% Final Dividend; record date September 14, 2026 | corporate actions | 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.