Operates as an RBI-registered non-banking financial company that lends to micro, small and medium enterprises, with a focus on secured loans against property for MSMEs, traders and self-employed borrowers. Revenue comes almost entirely from interest income and fees on its loan book; total revenue from operations was ₹12.23 crore in FY26, more than double the ₹4.86 crore earned in FY25. The portfolio expanded sharply, with assets under management rising 90% year-on-year to ₹82.49 crore and active loan accounts reaching 686 across 20 branches in 4 states (Maharashtra, Madhya Pradesh, Rajasthan and Uttar Pradesh). Gross disbursements for the year were ₹51.76 crore spread across 434 loans. The largest cost lines are employee expenses at 49.1% of revenue and other operating expenses at 19.7%, while finance costs grew materially as borrowings rose to ₹2,215.56 lakh to fund loan growth. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income and fees on MSME loans and loans against property. Small, growing, branch-based NBFC focused on secured MSME lending, reliant on borrowed funds to build its loan book.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2 | 2 | 2 | 5 | 12 |
| EBITDA (ex other income) | 1 | 1 | 1 | 1 | 4 |
| margin % | 56.2 | 66.3 | 54.3 | 13.4 | 29.3 |
| Owners' profit | 1 | 1 | 1 | 0 | 1 |
| EPS, as reported (₹) | 0.06 | 0.07 | 0.06 | 0.02 | 0.03 |
| ROE % · ROCE % | 4.0 · — | 4.5 · — | 3.9 · — | 0.7 · — | 1.1 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (5) | 4 | (3) | (35) | (39) |
| Capex | 0 | 0 | 0 | (2) | (1) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 1 | 2 | 2 | 3 | 4 | 4 |
| Profit before tax | 1 | (0) | (0) | 0 | 0 | (0) | 0 | 1 |
| Net profit | 1 | (0) | (0) | 0 | 0 | (0) | 0 | 1 |
| EPS (₹) | 0.07 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.02 |
| 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 % |
|---|---|---|---|---|
| 2 Sept 2026 · Newspaper ad for 45th AGM notice, e-voting and book closure | compliance | minimal | — | — |
| 1 Sept 2026 · AGM notice and annual report letter sent to shareholders | compliance | minimal | — | — |
| 1 Sept 2026 · FY2025-26 report shows strong growth; AGM set for September 23 | board shareholder meetings | medium | — | — |
| 1 Sept 2026 · Notice of 45th AGM on September 23, 2026 via Video Conferencing | board shareholder meetings | low | — | — |
| 28 Aug 2026 · DhanSafal Finserve to hold 45th AGM on September 23, 2026 via video conferencing | compliance | minimal | — | — |
| 17 Aug 2026 · DhanSafal Q1 FY27 Results: PAT up 287 percent, AUM up 59 percent YoY | results | high | — | — |
| 17 Aug 2026 · Q1 FY27 Investor Presentation: AUM up 59%, EBITDA up 343% YoY | investor communications | medium | — | — |
| 13 Aug 2026 · Board fixes 45th AGM on Sep 23, 2026; Q1 profit up sharply | management changes | high | — | — |
| 13 Aug 2026 · DhanSafal Q1 profit jumps over threefold, appoints internal auditor, plans fund raise | management changes | medium | — | — |
| 13 Aug 2026 · Q1 FY27 results: PAT up nearly 4x to Rs 57.97 lakh, revenue grows 61% YoY | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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) | 60.5 | 18.2 | 178 of 212 | 16% |
| P/B | 0.8 | 1.1 | 95 of 245 | 61% |
| ROE | 1.1 | 3.0 | 174 of 266 | 35% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 45.7 | 48.6 | 129 of 249 | 48% |
| Revenue growth | 97.6 | 12.6 | 39 of 231 | 84% |
| Profit growth | 161.6 | 7.8 | 47 of 251 | 82% |
| Market cap | 55 | 37 | 113 of 260 | 57% |
| 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 |
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.
