Operates across four revenue streams, with FY26 revenue of Rs 1.5178 crore. Trading in gold activities is the largest contributor at 54.4% of segment revenue, bringing in Rs 0.8152 crore. Consulting activities contributed Rs 0.3525 crore (23.5% of segment revenue) and produced EBIT of Rs 0.3525 crore. Financing activities, the traditional NBFC lending business, generated Rs 0.3236 crore (21.6% of segment revenue). Trading in securities is a marginal contributor at 0.6% of segment revenue. The company has applied to RBI to surrender its NBFC licence and has sharply reduced borrowings during FY26, while shifting its revenue mix toward gold trading and consulting. Other operating expenses at 11.2% of revenue form the largest cost line; employee costs run at 2% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading in Gold Activities (54%), Consulting Activities (24%), Financing Activities (22%), Trading in Securities (1%). Micro-cap NBFC pivoting away from lending toward gold trading and consulting
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 1 | 0 | 0 | 2 |
| EBITDA (ex other income) | (0) | 0 | 0 | 0 | 1 |
| margin % | (17.7) | 12.8 | 47.2 | 61.7 | 33.5 |
| Owners' profit | (0) | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | (0.59) | 0.17 | 0.29 | 0.10 | 1.40 |
| ROE % · ROCE % | (5.7) · 0.8 | 1.6 · — | 2.6 · — | 0.9 · — | 11.4 · — |
| Debt / equity (x) | 0.79 | 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 | 1 |
| Profit before tax | 0 | 0 | 0 | (0) | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | (0) | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.18 | 0.00 | 0.01 | (0.12) | 0.26 | 0.14 | 0.29 | 0.71 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Financing Activities | 0 | 6.2 |
| Trading in Gold Activities | 1 | 88.1 |
| Consulting Activities | 0 | 5.7 |
| Total, before eliminations | 1 | 100.0 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · 44th AGM: All 19 Resolutions Passed at Kuber Udyog | compliance | minimal | — | — |
| 5 Sept 2026 · 44th AGM held; voting results due by Sept 7 on 19 items including name change and fund raise | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Open offer at ₹23.35 to buy 26% of Kuber Udyog after Golden Ikon deal | strategic transactions | high | — | — |
| 7 Aug 2026 · Open Offer to Acquire 26% Stake in Kuber Udyog at Rs 23.35 per Share | strategic transactions | high | — | — |
| 7 Aug 2026 · Open Offer at Rs 23.35 per share; Kuber Udyog to acquire Golden Ikon | strategic transactions | high | — | — |
| 7 Aug 2026 · Board approves 100% acquisition of Golden Ikon Fleet Management via share swap | strategic transactions | high | — | — |
| 7 Aug 2026 · Board approves Rs 176 cr Golden Ikon acquisition, preferential issue and warrants | fund raising | high | — | — |
| 4 Aug 2026 · Board to consider fund raising via preferential issue on Aug 7 | fund raising | medium | — | — |
| 25 Jul 2026 · Kuber Udyog Q1 FY27 unaudited results published in newspapers | compliance | minimal | — | — |
| 23 Jul 2026 · Q1 profit Rs 21.88L, new independent director, NBFC license surrender to RBI | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| 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 |
| 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) | 35.1 | 18.2 | 159 of 212 | 25% |
| P/B | 4.0 | 1.1 | 214 of 245 | 12% |
| ROE | 11.4 | 3.0 | 46 of 266 | 83% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 14.3 | 48.6 | 175 of 249 | 30% |
| Revenue growth | 862.3 | 12.6 | 12 of 231 | 95% |
| Profit growth | 720.3 | 7.8 | 16 of 251 | 94% |
| Market cap | 17 | 37 | 177 of 260 | 32% |
| 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 |
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.
