Operates as a small Kanpur-based non-banking financial company focused on used vehicle financing, alongside a portfolio of mutual fund investments. In FY26, loan disbursements totalled Rs 130.90 lakhs, up from Rs 102.40 lakhs the prior year, while revenue from operations was Rs 37.48 lakhs. The mutual fund book generated a notional mark-to-market loss of Rs 266.68 lakhs in FY26, which swung the company to a net loss of Rs 270.84 lakhs versus a profit of Rs 431.84 lakhs in FY25. Q1 FY27 (quarter ended 30 June 2026) saw a sharp recovery, with total income of Rs 945.84 lakhs and profit after tax of Rs 924.40 lakhs, although gross NPA rose to 9.09% from 7.80% at FY26 end. Operating costs in FY26 were dominated by employee expenses at 106.3% of revenue and other operating expenses at 79.5%. The company runs as a single segment, holds capital adequacy of 129.86% as of FY26, and is seeking shareholder, RBI and NHB approvals to widen its object clause into housing finance, diversified lending (MSME, personal, gold, vehicle, education loans) and insurance distribution or brokerage. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Used vehicle financing, Mutual fund investments. Small, single-segment NBFC with used vehicle lending and a mutual fund investment book.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 17 | 16 | 32 | 5 | 0 |
| EBITDA (ex other income) | 17 | 15 | 31 | 4 | (3) |
| margin % | 96.1 | 95.2 | 97.9 | 85.2 | (710.2) |
| Owners' profit | 17 | 15 | 32 | 4 | (3) |
| EPS, as reported (₹) | 28.64 | 25.61 | 52.62 | 7.20 | (4.20) |
| ROE % · ROCE % | 35.3 · — | 32.7 · — | 49.9 · — | 6.4 · — | (4.1) · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | (0) | (1) | (0) | (1) |
| Capex | 0 | (0) | 0 | (0) | (0) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | (2) | (4) | (6) | 8 | (2) | 2 | 0 |
| Profit before tax | 8 | (3) | (4) | (6) | 8 | (3) | 2 | (10) |
| Net profit | 8 | (3) | (4) | (6) | 8 | (3) | 2 | (10) |
| EPS (₹) | 13.72 | (4.25) | (6.60) | (9.95) | 13.12 | (4.25) | 2.64 | (15.90) |
| 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 % |
|---|---|---|---|---|
| 10 Sept 2026 · Independent Director Ravindra Kumar Tandon reappointed for 5-year term | management changes | medium | — | — |
| 10 Sept 2026 · Key Corp EOGM approves re-appointment of Independent Director | board shareholder meetings | medium | — | — |
| 8 Sept 2026 · Key Corp EGM approves re-appointment of Independent Director | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Remote e-voting facility announced for Key Corp EGM on Sept 8, 2026 | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Board approves Rights Issue up to Rs 15 Crores | corporate actions | high | — | — |
| 20 Aug 2026 · Board approves Rights Issue of up to Rs 15 Crores | corporate actions | high | — | — |
| 19 Aug 2026 · Key Corp appoints two Independent Directors via postal ballot | management changes | medium | — | — |
| 19 Aug 2026 · Key Corp expands into housing finance and lending via MOA amendment | corporate actions | medium | — | — |
| 19 Aug 2026 · Postal ballot results: all 5 special resolutions approved | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Postal Ballot Results: 5 Special Resolutions Approved | general | medium | — | — |
| 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 |
| 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 | 0.7 | 1.1 | 73 of 245 | 68% |
| ROE | (4.1) | 3.0 | 236 of 266 | 11% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | (8329.8) | 48.6 | 248 of 249 | 0% |
| Profit growth | (61.0) | 7.8 | 164 of 251 | 35% |
| Market cap | 45 | 37 | 121 of 260 | 54% |
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| 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 |
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