BSE: 531387
HASTI FINANCE LTD.
Operates as a non-deposit taking non-banking financial company (NBFC) registered with the RBI, earning revenue primarily through interest on its loan book. Total revenue for FY26 was Rs. 17.58 lakhs, down about 61% from Rs. 45.02 lakhs in FY25, with interest income for Q3 FY26 at Rs. 2.71 lakhs versus Rs. 11.26 lakhs in the year-ago quarter. The loan book has shrunk sharply — loans outstanding fell to Rs. 364.87 lakhs at end-FY26 from Rs. 910.38 lakhs previously — and the company wrote off Rs. 455.71 lakhs of NPA accounts during FY26. A separate one-time net loss of Rs. 449.99 lakhs on derecognition of financial instruments was booked in Q2 FY26. Costs are dominated by non-staff operating expenses (listed as 2674% of revenue in FY26, reflecting the tiny revenue base against fixed costs), with employee costs at 13.7% of revenue. The company reported a net loss of Rs. 625.95 lakhs for FY26 and other equity turned negative at Rs. (520.49) lakhs, indicating erosion of shareholder funds. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income on loans. Tiny, shrinking NBFC with stressed balance sheet and negative shareholder equity
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 1 | 0 | 0 | 0 |
| EBITDA (ex other income) | 0 | (0) | (1) | (8) | (5) |
| margin % | 9.3 | (42.6) | (119.2) | (1808.6) | (2587.7) |
| Owners' profit | 0 | (0) | (1) | (8) | (6) |
| EPS, as reported (₹) | 0.07 | (0.39) | (0.47) | (7.80) | (5.77) |
| ROE % · ROCE % | 0.4 · — | (1.6) · — | (2.5) · — | (68.6) · — | (111.1) · (78.9) |
| Debt / equity (x) | — | — | — | — | 0.00 |
| Cash from operations | 0 | 0 | 0 | 0 | (0) |
| Capex | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | 0 | (8) | (0) | (5) | 0 | (0) | (0) |
| Net profit | (0) | 0 | (8) | (0) | (5) | 0 | (2) | (0) |
| EPS (₹) | 0.00 | 0.00 | (7.74) | (0.02) | (4.16) | 0.00 | (1.60) | (0.04) |
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 | 1.6 | 1.1 | 167 of 253 | 34% |
| ROCE | (78.9) | 2.0 | 58 of 59 | 2% |
| ROE | (111.1) | 3.1 | 254 of 257 | 1% |
| Debt / Equity | 0.0 | 0.0 | 1 of 53 | 58% |
| EBITDA margin | (85.3) | 48.6 | 215 of 249 | 14% |
| Revenue growth | (51.8) | 12.6 | 195 of 231 | 16% |
| Profit growth | (104.7) | 7.8 | 196 of 251 | 22% |
| Market cap | 9 | 34 | 225 of 268 | 16% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Reg 74(5) Certificate - No Dematerialisation Requests Q2 FY27 | compliance | minimal | — | — |
| 5 Oct 2026 · Hasti Finance 32nd AGM voting results - all 3 resolutions passed | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · 32nd AGM held; financial statements adopted and directors reappointed | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 7 Sept 2026 · Annual Report FY26; AGM set for September 30, 2026 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Notice of 32nd AGM and Integrated Annual Report for FY 2025-26 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Nitin Somani reappointed Managing Director for five years | management changes | medium | — | — |
| 5 Sept 2026 · Board meeting outcome: AGM notice Sep 30, MD re-appointed for 5 years | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Board meeting on 14 Aug 2026 to consider Q1 FY27 results | results | low | — | — |
| 7 Aug 2026 · Compliance certificate on dematerialisation requests for Q1 FY27 | 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.