BSE: 514358
EVERLON FINANCIALS LIMITED
Operates as a Non-Banking Financial Company (NBFC) generating revenue from interest on advances extended and from trading in shares and securities (stock-in-trade). FY26 revenue from operations was Rs 1,647.67 lakhs against a net loss of Rs 665.67 lakhs. The cost base is light, with employee costs at 1.2% of revenue and other operating expenses at 3.3%. The lending book shrank sharply in FY26 — non-current investments fell to Rs 636.16 lakhs from Rs 1,478.41 lakhs, and stock-in-trade inventory dropped to Rs 1,054.29 lakhs from Rs 1,893.20 lakhs. Q1 FY27 revenue fell to Rs 111.97 lakhs from Rs 822.93 lakhs in Q1 FY26, an 86% drop, attributed to lower trading in shares and reduced interest on advances. That quarter nonetheless swung to a Rs 281.20 lakhs profit, driven primarily by a favourable change in inventories of Rs 281.84 lakhs rather than core lending or trading income. Total assets nearly halved to Rs 1,764.87 lakhs in FY26 from Rs 3,431.93 lakhs a year earlier, and reserves eroded to Rs 1,120.26 lakhs, turning negative by the nine months ended December 2025. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest on advances, Trading in shares and securities. Small, loss-making NBFC with a volatile mix of lending and securities trading
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 35 | 5 | 10 | 13 | 16 |
| EBITDA (ex other income) | 2 | 2 | 9 | 2 | (6) |
| margin % | 6.7 | 39.4 | 89.4 | 14.4 | (37.7) |
| Owners' profit | 2 | 1 | 8 | 1 | (7) |
| EPS, as reported (₹) | 3.51 | 2.40 | 12.91 | 1.92 | (10.74) |
| ROE % · ROCE % | 22.8 · 29.1 | 13.5 · — | 41.2 · — | 3.8 · — | (38.3) · — |
| Debt / equity (x) | 0.00 | — | — | — | — |
| Cash from operations | 5 | (2) | (1) | 0 | (0) |
| Capex | (1) | (0) | (0) | (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 | 1 | 4 | 8 | 5 | 2 | 1 | 1 |
| Profit before tax | 1 | 7 | (5) | (0) | (2) | (1) | (3) | 3 |
| Net profit | 0 | 4 | (6) | (0) | (2) | (1) | (3) | 3 |
| EPS (₹) | 0.70 | 7.20 | (9.17) | (0.66) | (3.51) | (1.75) | (4.82) | 4.54 |
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/B | 4.2 | 1.1 | 230 of 253 | 9% |
| ROE | (38.3) | 3.1 | 248 of 257 | 4% |
| EBITDA margin | 260.7 | 48.6 | 6 of 249 | 98% |
| Revenue growth | (86.4) | 12.6 | 213 of 231 | 8% |
| Profit growth | 786.7 | 7.8 | 13 of 251 | 95% |
| Market cap | 73 | 34 | 94 of 268 | 65% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · Board meeting set for November 3, 2026 | results | low | — | — |
| 9 Oct 2026 · Routine compliance certificate for share dematerialization, Q2 FY27 | compliance | minimal | — | — |
| 17 Sept 2026 · Everlon Financials 37th AGM: all 4 resolutions passed with near-unanimous approval | board shareholder meetings | low | — | — |
| 16 Sept 2026 · Independent Director Nitin Parekh ceases on term completion | management changes | medium | — | — |
| 16 Sept 2026 · Independent Director Nitin Parekh completes second term at Everlon Financials | management changes | medium | — | — |
| 16 Sept 2026 · Everlon Financials appoints Sanjay Dholakia as Independent Director | management changes | medium | — | — |
| 16 Sept 2026 · New Statutory Auditor Panchal SK and Associates Appointed for 3 Years | management changes | medium | — | — |
| 16 Sept 2026 · Everlon Financials holds 37th AGM via video conferencing | board shareholder meetings | low | — | — |
| 16 Sept 2026 · Everlon Financials 37th AGM concludes; voting results awaited | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Physical letter dispatch for 37th AGM and Annual Report FY2025-26 | compliance | minimal | — | — |
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.