Earns interest income from lending as a small non-banking financial company (NBFC) based in Andheri East, Mumbai. Revenue from operations stood at ₹2.22 crore in FY26, with quarterly operations revenue falling to ₹28.43 lakhs in Q3 FY26 from ₹68.84 lakhs in Q3 FY25, and nine-month FY26 operations revenue at ₹79.58 lakhs. The largest costs are employee expenses at ₹0.92 crore (41.6% of revenue) and other operating expenses at ₹1.10 crore (49.6% of revenue). The company carries ₹19.72 crore in total assets and has defaulted on ₹425.24 lakhs of loan principal plus ₹51.02 lakhs of interest and ₹25 lakhs of NCD interest, with reserves deeply negative at ₹(385.07) lakhs as of December 2025 and Net Owned Funds at ₹(64.19) lakhs versus the RBI-required ₹500 lakhs minimum. To bolster capital the board approved a rights issue of up to ₹10 crore in February 2026, and separately allotted 30 secured, redeemable, non-convertible debentures of ₹10 lakh each at a 9.5% coupon maturing in February 2029. FY26 reported a net profit largely driven by a ₹126.18 lakh fair-value gain on remeasurement of a promoter loan rather than core lending activity, and the statutory auditor flagged material uncertainty about the company's ability to continue as a going concern. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Lending operations (NBFC). Small, thinly capitalised non-banking financial company with negative reserves, defaulted debt, and Net Owned Funds below the RBI-mandated minimum
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 1 | 1 | 2 | 2 |
| EBITDA (ex other income) | 0 | (0) | (0) | (1) | (2) |
| margin % | 23.9 | (5.9) | (61.8) | (66.1) | (68.2) |
| Owners' profit | (0) | 0 | (1) | (2) | (1) |
| EPS, as reported (₹) | (0.30) | 0.02 | (1.28) | 3.11 | (2.72) |
| ROE % · ROCE % | (3.0) · — | 0.2 · — | (14.9) · — | (57.1) · — | (99.9) · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 0 | (0) | (4) | (13) | 1 |
| Capex | 0 | 0 | (0) | (0) | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 0 |
| Profit before tax | (0) | 0 | (2) | (0) | (2) | (0) | 0 | (1) |
| Net profit | (0) | 0 | (2) | (0) | (1) | 0 | 0 | (1) |
| EPS (₹) | (0.08) | 0.26 | (3.07) | 0.67 | 2.58 | 0.19 | 0.33 | (1.43) |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 6,43,552 | 31.7 | 5.50 | 11.6 | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 2,42,019 | 18.1 | 3.67 | 6.7 | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,57,446 | 27.2 | 5.17 | 6.9 | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,54,110 | 28.2 | 3.27 | 6.5 | 10.4 | — | — | 75.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Notice of 32nd AGM published in newspapers | compliance | minimal | — | — |
| 2 Sept 2026 · AGM notice and annual report link sent to unregistered email shareholders | compliance | minimal | — | — |
| 2 Sept 2026 · Book Closure for 32nd AGM from Sep 24 to Sep 30, 2026 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Indergiri Finance FY26 Annual Report and 32nd AGM Notice | results | medium | — | — |
| 2 Sept 2026 · 32nd AGM on Sept 30, 2026; MD pay hike to Rs 60 lakhs proposed | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Indergiri Finance 32nd AGM on 30 Sep 2026 at 12:30 PM | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Q1 FY27 results approved, published in newspapers on 15 Aug 2026 | compliance | minimal | — | — |
| 6 Aug 2026 · Indergiri Finance board to meet on 14 Aug 2026 for Q1 results and AGM | board shareholder meetings | low | — | — |
| 9 Jul 2026 · Routine dematerialisation compliance certificate for Q1 FY2027 | compliance | minimal | — | — |
| 22 Jun 2026 · Trading window closed from July 1 for Q1 results | compliance | minimal | — | — |
| 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 |
| MUTHOOT FINANCE LIMITED | 1,12,094 | 9.9 | 2.82 | 3.9 | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 62,349 | 27.4 | 3.96 | — | 13.8 | — | — | 33.1 |
| HDB FINANCIAL SERVICES L | 55,706 | 20.2 | 2.70 | — | 12.3 | — | — | 58.0 |
| SUNDARAM FINANCE LTD | 52,217 | 23.3 | 3.51 | 6.7 | 13.8 | — | — | 78.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.1 | 18.2 | 82 of 212 | 62% |
| P/B | 8.0 | 1.1 | 238 of 245 | 3% |
| ROE | (99.9) | 3.0 | 262 of 266 | 2% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | (148.1) | 48.6 | 225 of 249 | 10% |
| Revenue growth | (14.8) | 12.6 | 161 of 231 | 30% |
| Profit growth | (115.4) | 7.8 | 197 of 251 | 22% |
| Market cap | 11 | 37 | 209 of 260 | 20% |
| 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 |
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.
