Operates as a non-banking financial company (NBFC) with two main lines: lending to borrowers and investing in securities held as stock-in-trade. Lending activity is reflected in ₹40.30 crore of bad debts written off in FY26 for loans to untraceable borrowers, while the investment book is captured by a November 2025 accounting policy change that reclassified investments as stock-in-trade with gains flowing to capital reserve. Total income from operations rose to ₹14,709.18 lakhs in FY26 from ₹2,900.19 lakhs in FY25, against a balance sheet of ₹1,202.47 crore in total assets. Costs are dominated by other operating expenses at 29.8% of revenue, with employee costs at just 0.3% and near-zero depreciation and capex, pointing to a lean operating setup. The company is listed on BSE and MSE and operates from Andheri West, Mumbai under managing director Ketankumar Shivabhai Gosai. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Lending, Investments. Small, lightly-staffed NBFC focused on lending and proprietary investments
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 4 | 5 | 29 | 142 |
| EBITDA (ex other income) | 1 | 3 | 5 | 28 | 53 |
| margin % | 78.0 | 94.5 | 90.8 | 98.3 | 37.5 |
| Owners' profit | 1 | 2 | 2 | 4 | 19 |
| EPS, as reported (₹) | 1.06 | 4.08 | 1.96 | 0.09 | 0.33 |
| ROE % · ROCE % | 5.9 · — | 18.5 · — | 15.1 · — | 3.1 · — | 2.5 · 5.0 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.56 |
| Cash from operations | 0 | 0 | (38) | (404) | 377 |
| Capex | (0) | (0) | 0 | 0 | (0) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 9 | 11 | 11 | 13 | 62 | 55 | 120 |
| Profit before tax | (0) | (1) | 6 | 7 | 2 | 26 | (10) | (20) |
| Net profit | (0) | (1) | 5 | 6 | 2 | 18 | (7) | (20) |
| EPS (₹) | (0.01) | (0.02) | 0.11 | 0.11 | 0.03 | 0.33 | 0.13 | (0.36) |
| 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 % |
|---|---|---|---|---|
| 9 Sept 2026 · Corrigendum to AGM Notice for Preferential Issue Clarifications | board shareholder meetings | low | — | — |
| 31 Aug 2026 · 42nd AGM notice filed with FY 2025-26 annual report | compliance | medium | — | — |
| 31 Aug 2026 · 42nd AGM notice with major capital hike and share dilution plans | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Book closure 20 to 26 Sept 2026 for 42nd AGM | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Board approves capital increase, loan conversion and warrant issue | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Q1 FY27 results: Revenue jumps but company slips into loss | compliance | minimal | — | — |
| 24 Aug 2026 · Board to consider capital raise and fund raising on Aug 27 | board shareholder meetings | low | — | — |
| 22 Aug 2026 · Leading Leasing posts Rs 20.36 cr loss in Q1 FY27, revenue drops over 50 percent | results | medium | — | — |
| 22 Aug 2026 · Board approves Q1 FY27 results, auditor flags pending verification | results | medium | — | — |
| 19 Aug 2026 · Board meeting on 22 Aug 2026 to consider Q1 FY27 results | board shareholder meetings | low | — | — |
| 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/E (TTM) | 9.3 | 18.2 | 59 of 212 | 73% |
| P/B | 0.1 | 1.1 | 3 of 245 | 99% |
| ROCE | 2.1 | 2.1 | 31 of 63 | 52% |
| ROE | 2.5 | 3.0 | 147 of 266 | 45% |
| Debt / Equity | 0.6 | 0.0 | 259 of 266 | 3% |
| EBITDA margin | (9.5) | 48.6 | 196 of 249 | 21% |
| Revenue growth | 984.2 | 12.6 | 10 of 231 | 96% |
| Profit growth | (459.1) | 7.8 | 232 of 251 | 8% |
| Market cap | 68 | 37 | 103 of 260 | 61% |
| 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.
