Registered as a Non-Banking Financial Company (NBFC) and listed on BSE, the entity operates with very small revenue from operations — Rs 6.65 lakh in FY26, down from Rs 164.71 lakh in FY25. The decline came from a reversal of interest income after a default in interest servicing, indicating that its earlier operating revenue was largely interest on loans or advances. The balance sheet is dominated by non-current investments of Rs 429.39 lakh, held primarily in two associate companies — Seksaria Industries Pvt Ltd and Seksaria Confectionaries Pvt Ltd — revalued under a NAV-based methodology adopted in Q4 FY26. Net worth stood at roughly Rs 39 crore as of March 31, 2026, against paid-up equity capital of just Rs 44.4 lakh, and the company reported zero outstanding borrowing on the same date. The firm posted a net loss of Rs 31.29 lakh for FY26, but total comprehensive income came in positive at Rs 348.63 lakh thanks to a Rs 351.76 lakh revaluation gain booked through Other Comprehensive Income on the associate investments. Operating costs are modest in absolute terms — employee costs were 15.9% of revenue and other operating expenses 17.0% — and there is no material depreciation or capex disclosed. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. NBFC operations (interest income), Fair-value movements on associate investments. Small NBFC functioning primarily as an investment-holding vehicle, with negligible operating revenue and balance-sheet value concentrated in two associate companies.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3 | 1 | 2 | 2 | 1 |
| EBITDA (ex other income) | 0 | (0) | 0 | (0) | (0) |
| margin % | 2.0 | (10.6) | 14.5 | (16.3) | (56.4) |
| Owners' profit | 0 | (0) | 0 | (0) | (0) |
| EPS, as reported (₹) | 0.23 | (0.85) | 2.11 | (1.19) | (2.17) |
| ROE % · ROCE % | 6.2 · — | (11.9) · — | 23.3 · — | (7.3) · — | (0.8) · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | (0) | 0 | (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 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | (0) | (0) | 0 | 1 | (0) | (1) |
| Net profit | 0 | 0 | (0) | (0) | 0 | 0 | (0) | (1) |
| EPS (₹) | 0.37 | 0.44 | (0.72) | (1.30) | 0.88 | 3.18 | (0.98) | (5.25) |
| 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 · 43rd AGM notice and Annual Report for FY 2025-26 dispatched | compliance | minimal | — | — |
| 4 Sept 2026 · 43rd AGM scheduled on September 30, 2026; letter sent to shareholders | compliance | minimal | — | — |
| 4 Sept 2026 · Book closure Sep 24 to 30, 2026 for 43rd AGM; e-voting cut-off Sep 23 | board shareholder meetings | low | — | — |
| 4 Sept 2026 · FY25-26 Annual Report and 43rd AGM Notice filed | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Notice of 43rd AGM on September 30, 2026 with key resolutions | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board approves threefold increase in authorised share capital | corporate actions | medium | — | — |
| 27 Aug 2026 · Two Executive Directors resign from Ishwarshakti Holdings effective 27 Aug 2026 | management changes | medium | — | — |
| 27 Aug 2026 · Two Seksaria family directors resign from Ishwarshakti board | management changes | high | — | — |
| 25 Aug 2026 · Board meeting on Sept 2, 2026 to consider increase in authorised share capital | corporate actions | medium | — | — |
| 22 Jul 2026 · Ishwarshakti Q1 FY27 Results: Net Profit Rises 32% YoY to Rs 16.79 Lakh | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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/B | 0.1 | 1.1 | 2 of 245 | 100% |
| ROE | (0.8) | 3.0 | 217 of 266 | 19% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | (448.5) | 48.6 | 236 of 249 | 5% |
| Revenue growth | (42.9) | 12.6 | 187 of 231 | 19% |
| Profit growth | (302.7) | 7.8 | 227 of 251 | 10% |
| Market cap | 2 | 37 | 257 of 260 | 1% |
| 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 |
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.
