Functions as a small Ahmedabad-based non-banking financial company with FY26 total income of Rs. 28.09 lakhs, made up of interest income of Rs. 12.87 lakhs (essentially flat year-on-year) and a Rs. 15.05 lakh profit on sale of investments. Net sales from operations were reported as nil across recent quarters, indicating no active lending, fee or trading revenue in the periods covered. On the balance sheet, total assets stood at Rs. 1,006.29 lakhs, comprising mainly investments of Rs. 609.54 lakhs and loans and advances of Rs. 129.42 lakhs (which grew by Rs. 26.18 lakhs during the year). The capital structure shows equity share capital of Rs. 723.08 lakhs, zero borrowings, and negative other equity of Rs. (135.34) lakhs. Employee costs at 50.3% of revenue and other operating expenses at 28.1% dominate the cost stack given the small revenue base, leaving an EBITDA margin of 21.6%. Operating cash flow was negative Rs. 20.83 lakhs, primarily on the increase in loans and advances. The company swung to a Rs. 6.08 lakh net profit in FY26 from a Rs. (5.06) lakh loss in FY25. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income, Profit on sale of investments. Very small, near-dormant NBFC with negative reserves and minimal core operating income
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | 0 |
| margin % | (283.2) | (403.8) | (281.6) | (39.3) | 21.6 |
| Owners' profit | (0) | (0) | (0) | (0) | 0 |
| EPS, as reported (₹) | (0.10) | (0.24) | (0.07) | (0.07) | 0.08 |
| ROE % · ROCE % | (1.2) · — | (2.9) · — | (0.9) · — | (0.9) · — | 1.0 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 0 | (0) | (1) | 0 | (0) |
| Capex | 0 | 0 | 0 | 0 | 0 |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | 0 | (0) | 0 | 0 | 0 |
| Net profit | (0) | (0) | (0) | 0 | (0) | 0 | 0 | 0 |
| EPS (₹) | (0.09) | (0.05) | (0.05) | 0.12 | (0.11) | 0.05 | 0.03 | 0.12 |
| 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 % |
|---|---|---|---|---|
| 5 Sept 2026 · Book closure Sep 11-17 for 33rd AGM on Sep 22, 2026 | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Newspaper publication of 33rd AGM notice to BSE | compliance | minimal | — | — |
| 29 Aug 2026 · 33rd Annual Report 2025-26 filed with BSE | compliance | low | — | — |
| 29 Aug 2026 · Notice of 33rd AGM on September 22, 2026 | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Board meeting outcomes: 33rd AGM set for 22 September 2026 | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Indo Credit Capital publishes Q1 FY27 results in newspapers | compliance | minimal | — | — |
| 11 Aug 2026 · Q1 FY27 results: zero revenue, net loss of Rs 4.22 lakh | results | high | — | — |
| 11 Aug 2026 · Q1 FY27 Results: Net Loss of Rs 4.22 Lacs | results | high | — | — |
| 6 Aug 2026 · Board meeting on Aug 11 to approve Q1 FY27 results | results | low | — | — |
| 8 Jul 2026 · Compliance certificate for securities dematerialisation filed with BSE | 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) | 72.8 | 18.2 | 181 of 212 | 15% |
| P/B | 0.8 | 1.1 | 92 of 245 | 62% |
| ROE | 1.0 | 3.0 | 177 of 266 | 34% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 66.0 | 48.6 | 93 of 249 | 63% |
| Revenue growth | 4.9 | 12.6 | 129 of 231 | 44% |
| Profit growth | (4.0) | 7.8 | 134 of 251 | 47% |
| Market cap | 5 | 37 | 249 of 260 | 4% |
| 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.
