BSE: 530709
GOWRA LEASING & FINANCE LTD.
Lends money as a small non-banking financial company (NBFC) listed on BSE and based in Secunderabad, where the entire operating model rests on interest income earned from its loan book. Interest income came in at Rs 1,130.17 lakh in FY26 versus Rs 519.74 lakh the prior year, with revenue from operations totalling Rs 1,138.94 lakh and net profit after tax at Rs 580.50 lakh. The loan book grew 61% to Rs 8,258.78 lakh by March 31, 2026, funded through a mix of unsecured borrowings and inter-corporate loans — a board-approved Rs 25 crore line from unrelated parties, plus related-party lines of Rs 57 crore from group firms and Rs 33 crore from directors at interest up to 12% per annum — with an overall Rs 100 crore borrowing ceiling going to shareholder approval. Total assets stood at Rs 8,631.31 lakh and total equity rose to Rs 6,739.58 lakh after a Rs 2,752.08 lakh preferential share issue during the year. Other income is a small additional stream, jumping from Rs 0.65 lakh in Q1 FY26 to Rs 63.50 lakh in Q1 FY27. The largest disclosed cost line is employee expenses at 7.1% of revenue, followed by other operating expenses at 4.8%, with depreciation negligible at 0.1% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income, Other income. Small, lending-focused NBFC; asset-light on fixed assets but reliant on inter-corporate and related-party borrowings
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 2 | 3 | 5 | 11 |
| EBITDA (ex other income) | 1 | 1 | 1 | 4 | 10 |
| margin % | 41.3 | 58.9 | 44.9 | 80.5 | 88.1 |
| Owners' profit | 1 | 1 | 2 | 4 | 6 |
| EPS, as reported (₹) | 2.53 | 3.44 | 7.37 | 10.81 | 9.48 |
| ROE % · ROCE % | 5.4 · — | 6.8 · — | 12.7 · — | 12.8 · — | 8.6 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (0) | 0 | (1) | (33) | (22) |
| Capex | 0 | (0) | 0 | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 3 |
| Profit before tax | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 |
| Net profit | 0 | 1 | 2 | 2 | 1 | 1 | 1 | 2 |
| EPS (₹) | 1.34 | 1.89 | 5.34 | 3.84 | 2.37 | 2.19 | 2.48 | 2.53 |
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) | 9.0 | 18.1 | 51 of 200 | 75% |
| P/B | 1.0 | 1.1 | 118 of 253 | 54% |
| ROE | 8.6 | 3.1 | 68 of 257 | 74% |
| EBITDA margin | 94.3 | 48.6 | 31 of 249 | 88% |
| Revenue growth | 41.3 | 12.6 | 69 of 231 | 70% |
| Profit growth | 27.5 | 7.8 | 105 of 251 | 58% |
| Market cap | 67 | 34 | 99 of 268 | 63% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · September 2026 quarter profit rises sharply | compliance | minimal | — | — |
| 26 Oct 2026 · Q2 FY27 profit rises 139% as revenue grows 65% | results | high | — | — |
| 26 Oct 2026 · Revenue and profit jump sharply in September 2026 results | results | high | — | — |
| 19 Oct 2026 · Board meeting on 26 Oct to consider Q2 FY27 results | board shareholder meetings | low | — | — |
| 9 Oct 2026 · Routine compliance certificate for share dematerialisation filed for Sep 2026 quarter | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closed from Oct 1, 2026 for Q2 FY27 results | compliance | minimal | — | — |
| 26 Sept 2026 · Gowra Leasing revised FY26 results; PAT up 35 percent YoY | results | medium | — | — |
| 31 Jul 2026 · Gowra Leasing 33rd AGM voting results: All 5 resolutions passed | board shareholder meetings | low | — | — |
| 31 Jul 2026 · Newspaper Notice for Transfer of Unclaimed Shares to IEPF | compliance | minimal | — | — |
| 30 Jul 2026 · 33rd AGM approves Rs 100 crore borrowing limit and related party transactions | board shareholder meetings | 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.