BSE: 526869
KUMBHAT FINANCIAL SERVICES LTD
Operates as a small, Chennai-based non-banking financial company focused on retail lending. In FY26, total income stood at ₹7.1 crore, comprising ₹581.23 lakhs of interest income on loans and ₹128.57 lakhs of fees and commission income. The loan book expanded materially during the year, with loan disbursements of ₹923.32 lakhs, funded through borrowings that rose to ₹1,962.50 lakhs. Profit after tax fell to ₹82.55 lakhs from ₹135.85 lakhs in FY25 as finance costs doubled to ₹203.01 lakhs and fee and commission expenses surged to ₹357.69 lakhs. Operating costs are modest — employee costs at 1.6% of revenue and other operating expenses at 6.0% — making finance costs on borrowings the dominant input cost. The statutory auditor issued an unmodified opinion on the FY26 results. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Interest income on loans, Fees and commission income. Small, leveraged retail-lending NBFC
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 2 | 7 |
| EBITDA (ex other income) | 0 | 0 | (2) | 2 | 3 |
| margin % | 26.3 | 33.7 | (504.5) | 115.4 | 38.1 |
| Owners' profit | 0 | 0 | (2) | 1 | 1 |
| EPS, as reported (₹) | 0.16 | 0.20 | (3.77) | 2.86 | 1.55 |
| ROE % · ROCE % | 1.8 · — | 2.2 · — | (68.0) · — | 25.6 · — | 13.5 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 1 | 3 | (2) | (12) | (6) |
| 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 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 0 | 0 | (0) | 2 | 0 | 0 | (1) | 1 |
| Net profit | 0 | 0 | (0) | 2 | 0 | 0 | (1) | 1 |
| EPS (₹) | 0.04 | 0.16 | (0.79) | 3.45 | 0.21 | 0.15 | (0.97) | 2.15 |
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) | 11.6 | 18.1 | 70 of 200 | 65% |
| P/B | 1.6 | 1.1 | 162 of 253 | 35% |
| ROE | 13.5 | 3.1 | 27 of 257 | 90% |
| EBITDA margin | 74.9 | 48.6 | 67 of 249 | 73% |
| Revenue growth | 67.2 | 12.6 | 47 of 231 | 80% |
| Profit growth | (30.0) | 7.8 | 145 of 251 | 42% |
| Market cap | 9 | 34 | 220 of 268 | 18% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Compliance certificate under Reg. 74(5) of SEBI DP Regulation 2018 | compliance | minimal | — | — |
| 28 Sept 2026 · 33rd AGM results: all 4 resolutions passed, borrowing up to Rs 43 Cr approved | compliance | minimal | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 3 Sept 2026 · Newspaper publication of 33rd AGM notice by Kumbhat Financial | compliance | minimal | — | — |
| 1 Sept 2026 · Kumbhat Financial Services submits Annual Report for FY 2025-26 and AGM notice | compliance | low | — | — |
| 1 Sept 2026 · AGM on Sep 24 to consider borrowing limit hike to Rs 43 Cr | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Q1 FY27 results: revenue up about 35 percent, PAT slightly lower at Rs 10.11 lakh | results | high | — | — |
| 13 Aug 2026 · Q1 FY27 Results: PAT at Rs 10.11 lakh vs Rs 11.39 lakh YoY | results | high | — | — |
| 10 Aug 2026 · Board meeting on 13 Aug 2026 to approve Q1 FY27 results | results | low | — | — |
| 4 Aug 2026 · Registered office shifted within Chennai | general | 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.