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EXPLICIT FINANCE LTD.

Services › Commercial Services & Supplies
₹9.80
at close · 28 Oct 2026
▼ 0.51 (-4.95%)

Latest filings

  1. Routine SEBI Depository Compliance Certificate for Q2 FY27 · Compliance
  2. AGM voting results - all 3 resolutions passed with 100% approval · Board & Shareholder Meetings
  3. Explicit Finance 32nd AGM held Sept 30; three items tabled for vote · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates as a small non-banking finance company (NBFC) engaged in investment and financing activities, with a single reportable segment under IND AS 108. Earnings come from interest and other income on its loan book, which is the primary asset on the balance sheet. The loan book stood at ₹747.96 lakhs as of March 31, 2026, up from ₹578.93 lakhs a year earlier, while cash and equivalents fell sharply to ₹25.88 lakhs from ₹188.45 lakhs. Total revenue from operations for FY26 was ₹327.08 lakhs, down from ₹676.63 lakhs in FY25, and the company posted a marginal net loss of ₹0.87 lakhs against a loss of ₹0.47 lakhs in FY25. Operating cash flow was deeply negative at ₹(161.16) lakhs in FY26 versus ₹69.43 lakhs positive in FY25. Costs are dominated by employee costs at ₹0.1807 cr (5.5% of revenue) and other operating expenses at ₹0.4493 cr (13.7% of revenue), with no materials cost line. A related-party loan of ₹25.00 lakhs (balance ₹25.93 lakhs) was extended to Voltrix Inc during the year.

Operating scale
Loan book
₹747.96 lakhsFY26
Total revenue from operations
₹327.08 lakhsFY26
Cash and cash equivalents
₹25.88 lakhsFY26
Paid-up equity capital
₹92.676 lakhsFY26
Shareholders on record
2,544Sep 2025 AGM
Who pays it
Borrowers and investees of the NBFC loan and investment portfolio
Biggest cost
Other operating expenses at ₹0.4493 cr (13.7% of revenue)
Kind of business
Small, capital-light, single-segment NBFC with negative other equity
Where it sits
Small Thane-based (Vasai) NBFC listed on BSE under Scrip Code 530571
Market Cap
₹9 Cr
P / E (TTM)
—
EV / EBITDA
—
Div Yield
—
Growth
-13.3%▼
Revenue 5y CAGR
PAT — · EBITDA —
Quality
—·
ROCE (FY26)
ROE -0.1% (5y median) · margin 0.0%
Leverage
—·
Debt / Equity · borrowings not filed
Revenue FY21→FY26
0.5×▼
Margin +0.2 pts
₹7 Cr → ₹3 Cr
Moves on a normal day
4.16%·
Median daily move
Last 204 sessions · the yardstick for filing-day moves
Where it sits among 127 Diversified Commercial Services peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#40/95
ROE#83/113
EBITDA margin#81/92
Revenue growth#86/91
Profit growth#102/110

Scorecard

Measured from the filed financials, judged against its Diversified Commercial Services peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Revenue shrinking over 5 years (−13% a year)
Erratic profits — up in only 2 of the last 5 years

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from EXPLICIT FINANCE LTD.'s filed financials and exchange disclosures

What does EXPLICIT FINANCE LTD. do?

EXPLICIT FINANCE LTD. is a Commercial Services & Supplies company listed on BSE.

Is EXPLICIT FINANCE LTD. profitable?

No. Over the trailing twelve months EXPLICIT FINANCE LTD. reported a net loss of ₹0.01 Cr on revenue of ₹3.27 Cr.

Does EXPLICIT FINANCE LTD. pay a dividend?

Not in the latest reported year — EXPLICIT FINANCE LTD.'s dividend payout for FY26 was nil.

How much does the EXPLICIT FINANCE LTD. share price move in a day?

On a typical session EXPLICIT FINANCE LTD. moves 4.16% — that is the median absolute close-to-close move across its last 204 trading days. MarketPing measures each filing's price reaction against it.

Where can I track EXPLICIT FINANCE LTD.'s announcements?

Every NSE and BSE filing by EXPLICIT FINANCE LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.