BSE: 531199
GLANCE FINANCE LTD.
Operates as an RBI-registered non-banking financial company running a Lending & Investment Division and a Non Strategic Business Division. In FY26 the Lending & Investment Division generated 69.1% of segment revenue at Rs 17.873 crore and the Non Strategic Business Division contributed 30.9% at Rs 7.9804 crore. Total income for FY26 was Rs 2,585.36 lakhs versus Rs 3,170.37 lakhs in FY25, and profit after tax fell to Rs 492.42 lakhs from Rs 837.96 lakhs. In June 2026 the company filed a Private Placement Memorandum with SEBI committing up to Rs 5 crore as Sponsor of Artha Fund VI AQF I, a Category II Alternative Investment Fund. Disclosed cost structure shows no direct material cost, with depreciation the largest line at 18.9% of revenue and employee cost at 2.1%. The company holds no subsidiaries. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Lending & Investment Division (69%), Non Strategic Business Division (31%), Unallocated Revenue (0%). Small, asset-light NBFC focused on investments and asset leasing
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 7 | 8 | 23 | 25 | 26 |
| EBITDA (ex other income) | 5 | 5 | 11 | 11 | 11 |
| margin % | 73.4 | 60.6 | 45.4 | 42.1 | 44.2 |
| Owners' profit | 2 | (0) | 2 | 2 | 5 |
| EPS, as reported (₹) | 9.32 | (1.30) | 8.60 | 10.26 | 21.83 |
| ROE % · ROCE % | 8.7 · — | (1.2) · — | 5.3 · — | 5.2 · — | 9.9 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 3 | 5 | 12 | 12 | 8 |
| Capex | (13) | (10) | (7) | (0) | (2) |
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 | 13 | 6 | 3 | 3 | 9 | 4 | 0 | 9 |
| Profit before tax | 1 | 1 | 0 | 1 | 1 | 1 | (5) | 7 |
| Net profit | 1 | 0 | 0 | 0 | 0 | 1 | (4) | 6 |
| EPS (₹) | 4.35 | 1.81 | 0.06 | 0.88 | 0.31 | 3.33 | (17.01) | 25.71 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Non Strategic Business Division | 3 | 52.0 |
| Unallocated Revenue | 0 | 0.0 |
| Investing and Lending Division | 3 | 53.9 |
| Total, before eliminations | 5 | 100.0 |
Exhibit 4: 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 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.4 | 18.1 | 96 of 200 | 52% |
| P/B | 0.9 | 1.1 | 111 of 253 | 56% |
| ROE | 9.9 | 3.1 | 56 of 257 | 79% |
| EBITDA margin | 89.8 | 48.6 | 41 of 249 | 84% |
| Revenue growth | 172.0 | 12.6 | 31 of 231 | 87% |
| Profit growth | 2827.5 | 7.8 | 5 of 251 | 98% |
| Market cap | 43 | 34 | 122 of 268 | 55% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Glance Finance submits quarterly RTA certificate to BSE | compliance | minimal | — | — |
| 28 Sept 2026 · Appointment of new Statutory Auditors approved at AGM | management changes | medium | — | — |
| 28 Sept 2026 · Scrutinizer Report of 32nd Annual General Meeting | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Proceedings of 32nd Annual General Meeting | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Trading Window Closure Ahead of Q2 Results | compliance | minimal | — | — |
| 5 Sept 2026 · AGM notice and Annual Report 2025-26 web-link sent to shareholders | compliance | minimal | — | — |
| 5 Sept 2026 · Glance Finance 32nd AGM notice published in newspapers | compliance | minimal | — | — |
| 3 Sept 2026 · Notice of 32nd AGM on September 28, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Glance Finance files FY26 Annual Report, 32nd AGM on Sep 28 | board shareholder meetings | medium | — | — |
| 31 Aug 2026 · SEBI approves Artha Trust II as Category II AIF | business updates | medium | — | — |
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.