BSE: 539174
Helpage Finlease Ltd.
Operates as a Non-Banking Financial Company (NBFC) registered with the RBI, based in Delhi and listed on BSE (scrip code 539174). Earns revenue primarily through interest income on its lending book, which stood at Rs 119.26 crore at FY26 end, against total assets of Rs 125.75 crore. Total revenue from operations for FY26 was Rs 128.90 crore, up roughly 49% from Rs 86.46 crore in FY25, with net profit at Rs 2.94 crore versus Rs 1.48 crore the prior year. The business is funded largely by borrowings of Rs 102.04 crore, which carry finance costs of Rs 74.74 crore — by far its largest expense line and the main drag on margins. The small size is reflected in a paid-up equity capital of Rs 9.94 crore and net worth of Rs 16.42 crore as of March 31, 2025, which keeps it below thresholds that trigger several SEBI disclosure norms. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income on loans. Small, debt-funded NBFC lending book with high finance costs relative to equity base.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,86,041 | 3 | 5 | 9 | 13 |
| EBITDA (ex other income) | 2,36,652 | 2 | 4 | 8 | 12 |
| margin % | 82.7 | 80.6 | 77.4 | 93.4 | 90.4 |
| Owners' profit | 64,475 | 1 | 1 | 1 | 3 |
| EPS, as reported (₹) | 0.65 | 0.61 | 0.88 | 1.54 | 2.96 |
| ROE % · ROCE % | 4.7 · — | 4.2 · — | 5.7 · — | 9.0 · — | 15.5 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 28,414 | 0 | 3 | 15 | 9 |
| Capex | (14,365) | 0 | 0 | (1) | (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 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Net profit | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
| EPS (₹) | 0.23 | 0.26 | 0.35 | 0.70 | 0.78 | 0.89 | 0.89 | 0.39 |
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) | 8.6 | 18.1 | 48 of 200 | 76% |
| P/B | 1.3 | 1.1 | 142 of 253 | 44% |
| ROE | 15.5 | 3.1 | 16 of 257 | 94% |
| EBITDA margin | 91.2 | 48.6 | 37 of 249 | 86% |
| Revenue growth | (6.6) | 12.6 | 148 of 231 | 36% |
| Profit growth | (39.4) | 7.8 | 152 of 251 | 40% |
| Market cap | 25 | 34 | 151 of 268 | 44% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 16 Oct 2026 · Notice on SEBI special window for converting physical shares to demat form | compliance | minimal | — | — |
| 7 Oct 2026 · Compliance certificate for dematerialization of shares for September 2026 quarter | compliance | minimal | — | — |
| 1 Oct 2026 · Independent Director Mr. Ashwin Dorairajan ceases on tenure completion | management changes | medium | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1, 2026 till Q2 results declaration | compliance | minimal | — | — |
| 4 Sept 2026 · Helpage Finlease 44th AGM: all 3 resolutions passed with near-unanimous votes | board shareholder meetings | low | — | — |
| 2 Sept 2026 · 44th AGM held via video conferencing; 3 resolutions tabled | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Special Window for Demat of Physical Shares | compliance | minimal | — | — |
| 11 Aug 2026 · 44th AGM Notice Published in Newspapers; E-Voting Details | compliance | minimal | — | — |
| 10 Aug 2026 · Annual Report weblink shared with shareholders; 44th AGM on Sep 2, 2026 | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Book Closure for 44th AGM - August 27 to September 02, 2026 | 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.