BSE: 531274
KINETIC TRUST LTD.
Operates as a small non-banking financial company registered with the RBI, earning revenue primarily from lending. As of Q3 FY26, the loan book stood at ₹3,151 lakh, funded by borrowings of ₹2,925 lakh. Total revenue for FY26 was ₹175.12 lakh, up 48% from ₹118.24 lakh in FY25, though profit after tax declined 19% to ₹14.76 lakh from ₹18.21 lakh. Total assets grew sharply to ₹3,670.94 lakh by year-end FY26, with borrowings of ₹2,859.58 lakh. The company also acted as the successful resolution applicant in one NCLT-approved revival of Sibri Traders, paying a resolution amount of ₹1.10 crore against admitted financial creditor claims of ₹2.28 crore (48.17% recovery). Net Owned Fund stood at ₹4.16 crore against the RBI minimum of ₹5 crore, and the company has been restricted from raising capital due to an ongoing takeover process. Operating costs are dominated by employee and other operating expenses, while depreciation and material costs are negligible. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Lending operations, NCLT resolution proceeds. Small, capital-constrained NBFC focused on lending with one IBC resolution
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 1 | 2 |
| EBITDA (ex other income) | (0) | (0) | 0 | 1 | 1 |
| margin % | (42.3) | (109.9) | 50.5 | 81.6 | 84.8 |
| Owners' profit | 0 | (0) | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.12 | (0.30) | 0.27 | 0.54 | 0.44 |
| ROE % · ROCE % | 1.1 · — | (2.7) · — | 2.4 · — | 4.5 · — | 3.5 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (17,812) | 2 | (3) | 0 | 4 |
| 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 | 1 | 0 | 1 | 1 | 1 |
| Profit before tax | (0) | (0) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | (0) | (0) | 0 | 0 | 0 | 0 | 0 | (0) |
| EPS (₹) | (0.11) | (0.11) | 0.00 | 0.87 | 0.18 | 0.07 | 0.41 | (0.04) |
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. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 5,70,768 | 28.1 | 4.88 | — | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 1,94,820 | 14.6 | 2.96 | — | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,31,798 | 22.8 | 4.33 | — | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,31,209 | 24.0 | 2.79 | — | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 96,352 | 8.5 | 2.42 | — | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 50,202 | 22.1 | 3.19 | — | 13.8 | — | — | 33.1 |
| SUNDARAM FINANCE LTD | 43,766 | 19.6 | 2.94 | — | 13.8 | — | — | 78.4 |
| AUTHUM INVEST & INFRA LTD | 42,040 | 7.2 | 2.85 | — | 13.1 | — | — | 90.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 81.2 | 18.1 | 171 of 200 | 15% |
| P/B | 4.0 | 1.1 | 229 of 253 | 10% |
| ROE | 3.5 | 3.1 | 122 of 257 | 53% |
| EBITDA margin | 78.9 | 48.6 | 55 of 249 | 78% |
| Revenue growth | (44.8) | 12.6 | 189 of 231 | 18% |
| Profit growth | (104.5) | 7.8 | 195 of 251 | 22% |
| Market cap | 17 | 34 | 182 of 268 | 32% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Dematerialisation certificate filed with BSE for September 2026 quarter | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1, 2026 until 48 hours after Q2 results | compliance | minimal | — | — |
| 12 Aug 2026 · Q1 FY27 Results: Revenue declines 30% YoY, PAT down to Rs 4.13 lakh | results | medium | — | — |
| 12 Aug 2026 · Board approved Q1 FY27 unaudited standalone results | results | high | — | — |
| 8 Aug 2026 · Board meeting on 12 Aug 2026 to consider Q1 FY27 financial results | results | low | — | — |
| 7 Aug 2026 · All 5 resolutions passed at 34th AGM; 60 lakh warrant issuance approved | board shareholder meetings | low | — | — |
| 7 Aug 2026 · 34th AGM of Kinetic Trust held; 5 resolutions passed including warrant issuance | board shareholder meetings | low | — | — |
| 31 Jul 2026 · BSE price movement query - Kinetic Trust responds to exchange | regulatory legal | medium | — | — |
| 14 Jul 2026 · BSE seeks clarification on significant price movement in Kinetic Trust | compliance | low | — | — |
| 13 Jul 2026 · Annual Report FY2025-26 filed; AGM on Aug 7, 2026 | results | medium | — | — |
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.