BSE: 540515
KANUNGO FINANCIERS LIMITED
A non-banking finance company whose income comes primarily from interest on loans. In FY26, total income was Rs 178.03 lakhs against operating revenue of Rs 11 lakhs. Finance costs for the year were Rs 76.52 lakhs, and the statutory auditor issued an unmodified opinion. The company has approved in-principle the acquisition of 19.5% each in Startech Infralogistics (Rs 42.49 crore) and Peepal Mining and Logistics (Rs 38.83 crore) via a share-swap of about 4.06 crore equity shares at Rs 20 each, alongside a hike in authorised capital from Rs 5.24 crore to Rs 50 crore. A SEBI final order dated June 30, 2026 named it as a noticee in a case involving alleged price and volume manipulation across five scrips. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest on loans, Operating revenue. Small, shrinking non-banking finance company undergoing major balance-sheet contraction and exploring acquisitions outside finance
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (3) | (0) | (0) | (0) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | (3) | 0 | 0 | 0 | 1 |
| EPS, as reported (₹) | (7.46) | 0.57 | 0.57 | 0.51 | 1.36 |
| ROE % · ROCE % | (64.4) · (23.3) | 4.5 · 4.6 | 4.3 · 5.3 | 3.8 · 5.4 | 9.1 · 17.3 |
| Debt / equity (x) | 1.40 | 1.17 | 2.08 | 3.60 | 0.39 |
| Cash from operations | (2) | 0 | (6) | (0) | (0) |
| Capex | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.10 | 0.16 | 0.10 | 0.15 | 0.08 | 0.27 | 0.17 | 0.84 |
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. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 34,420 | 38.9 | 10.52 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,203 | 18.4 | 3.87 | 8.9 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,251 | — | 2.58 | 38.5 | 4.5 | 5.3 | 32.8 | 4.3 |
| PRIME SECURITIES LIMITED | 947 | 169.1 | 3.69 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 945 | 28.6 | 5.56 | 18.1 | 22.5 | 30.3 | — | 97.5 |
| CENTRUM CAPITAL LIMITED | 903 | — | 0.69 | 9.6 | (21.4) | (2.5) | 49.7 | 29.7 |
| REGENCY FINCORP LIMITED | 564 | 51.6 | 3.52 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 509 | — | 1623.78 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.5 | 18.6 | 16 of 76 | 80% |
| P/B | 0.7 | 1.1 | 40 of 105 | 63% |
| ROCE | 9.1 | 1.8 | 18 of 83 | 79% |
| ROE | 9.1 | 1.3 | 20 of 111 | 83% |
| Debt / Equity | 0.4 | 0.0 | 63 of 77 | 18% |
| Profit growth | 453.1 | (0.2) | 9 of 109 | 93% |
| Market cap | 5 | 26 | 104 of 113 | 8% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Board to approve September 2026 quarterly and half-year results | results | low | — | — |
| 12 Oct 2026 · Compliance Certificate under Reg 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · Kanungo Financiers AGM 2026: All 9 resolutions passed with strong majority | compliance | minimal | — | — |
| 29 Sept 2026 · Kanungo Financiers AGM held Sep 29, 2026; 9 resolutions tabled | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Trading window closure from 1 Oct 2026 for Q2 results | compliance | minimal | — | — |
| 13 Sept 2026 · Kanungo Financiers clarifies auditor resignation was already disclosed to BSE | compliance | low | — | — |
| 5 Sept 2026 · Annual Report FY2025-26 and AGM notice filed; AGM set for September 29, 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Kanungo Financiers 39th AGM on 29 Sep; auditor change, office shift | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Two Independent Directors appointed, auditor replaced, office shift to Maharashtra | management changes | medium | — | — |
| 4 Sept 2026 · Book closure for annual general meeting | corporate actions | low | — | — |
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.