Provides secured loans to MSMEs and retail borrowers in semi-urban and rural India through a branch-led model with 176 outlets across six states (Rajasthan, Madhya Pradesh, Gujarat, Chhattisgarh, Uttar Pradesh, Maharashtra). Each branch handles sourcing, underwriting, servicing and collection on the ground, with credit managers visiting borrowers in person. The loan book (AUM) at end-FY26 was INR 1,626 crore, with 98% secured against physical collateral and 37% of customers borrowing for the first time. Earnings come from net interest income on this book — FY26 NII of INR 161.78 crore on total income of INR 317.03 crore — at a net interest margin of 11.26%. The principal cost is interest on borrowings, with the average rate at 10.8% in FY26 (down from 11.48%) and incremental cost at 10.25-10.30%; employee costs are 22.9% of revenue and other operating expenses 8.6%. Asset quality was moderate, with gross NPA at 2.13% and net NPA at 1.08% at end-FY26, and INR 11 crore was provisioned against an Up Money exposure. The August 2025 IPO raised INR 165.17 crore of fresh equity, lifting capital adequacy to 26.12%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Net interest income on secured loans. Branch-led, secured NBFC lending to MSMEs and retail in semi-urban and rural India
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 317 |
| EBITDA (ex other income) | 203 |
| margin % | 64.1 |
| Owners' profit | 50 |
| EPS, as reported (₹) | 10.20 |
| ROE % · ROCE % | 10.7 · — |
| Debt / equity (x) | 0.00 |
| Cash from operations | (280) |
| Capex | (6) |
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 70 | 76 | 79 | 93 | 93 |
| Profit before tax | 13 | 13 | 13 | 27 | 22 |
| Net profit | 10 | 9 | 10 | 21 | 17 |
| EPS (₹) | 2.34 | 1.90 | 1.90 | 4.06 | 3.17 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · Laxmi India Finance allots Rs 100 crore NCDs at 10.50% coupon | fund raising | medium | — | — |
| 2 Sept 2026 · Laxmi India Finance allots INR 100 Crore NCDs at 10.50% via private placement | fund raising | medium | — | — |
| 26 Aug 2026 · Laxmi India Q1 Analyst Meet: AUM at Rs 1,721 Crore, Profit Up 70%, Borrowing Cost Falls | investor communications | medium | — | — |
| 25 Aug 2026 · Laxmi India Finance approves NCD issuance worth up to Rs 120 crore | business updates | medium | — | — |
| 23 Aug 2026 · 29th AGM notice and e-voting details published in newspapers | compliance | minimal | — | — |
| 22 Aug 2026 · Annual Report FY2025-26 and 29th AGM notice shared with shareholders | compliance | minimal | — | — |
| 22 Aug 2026 · 29th AGM Notice and FY2025-26 Annual Report filed with BSE and NSE | board shareholder meetings | low | — | — |
| 22 Aug 2026 · 29th AGM notice and FY 2025-26 Annual Report filed with BSE and NSE | board shareholder meetings | medium | — | — |
| 22 Aug 2026 · 29th AGM notice on Sept 16, 2026; FY26 annual report filed | board shareholder meetings | medium | — | — |
| 22 Aug 2026 · Notice of 29th AGM and Annual Report for FY 2025-26 | board shareholder meetings | 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 |
| 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 |
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