Operates as an RBI-regulated non-banking finance company (NBFC) that lends to underserved entrepreneurs and small businesses in Tier-3 and Tier-4 towns, with a specific thrust on green-mobility and electric-vehicle financing. Lending operations formally launched in September 2024; AUM scaled from Rs 1 crore at launch to Rs 123 crore by Q1 FY27, with 3,042 cumulative loans disbursed and the loan book 100 percent secured. Revenue comes almost entirely from interest on this loan book — interest income of Rs 1,380.25 lakhs drove FY26 total revenue of Rs 1,632.25 lakhs, nearly five times the prior year. The business runs 20 branches across Karnataka, Telangana, Andhra Pradesh and Delhi NCR with 169 staff, and has onboarded EV-OEM partnerships with Mahindra Last Mile Mobility, Omega Seiki Mobility, Euler Motors and Greaves Electric for three-wheeler financing, plus co-lending arrangements with AU Small Finance Bank and Singularity. Costs are dominated by employee expenses at 85.2 percent of revenue and finance costs (Rs 600.19 lakhs in FY26, Rs 307.13 lakhs in Q1 FY27) on borrowings of Rs 9,095 lakhs, leaving the company in net loss at the FY26 and Q1 FY27 stage. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income on secured loans, Co-lending and lender partnerships. Early-stage, growth-phase NBFC with a 100 percent secured loan book and a financial-inclusion / green-mobility mandate
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 3 | 16 |
| EBITDA (ex other income) | 0 | (0) | (2) | (8) | (7) |
| margin % | 12.8 | (66.8) | (1567.7) | (245.9) | (44.7) |
| Owners' profit | 0 | (0) | (2) | (9) | (13) |
| EPS, as reported (₹) | 0.04 | (0.18) | (5.00) | (3.39) | (4.21) |
| ROE % · ROCE % | 0.7 · — | (3.5) · — | (1962.9) · — | (22.0) · — | (49.4) · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 0 | (0) | (2) | (8) | (82) |
| Capex | 0 | 0 | (0) | (1) | (1) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1 | 1 | 2 | 2 | 3 | 5 | 6 |
| Profit before tax | (2) | (1) | (2) | (4) | (3) | (3) | (3) | (5) |
| Net profit | (2) | (1) | (2) | (4) | (3) | (3) | (3) | (5) |
| EPS (₹) | (1.07) | (0.61) | (0.80) | (1.54) | (0.80) | (1.81) | (0.95) | (1.45) |
| 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 | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Company Secretary and Compliance Officer resigns at Mantra Capital | management changes | medium | — | — |
| 7 Sept 2026 · Mantra Capital provides FY 2025-26 annual report link ahead of AGM | compliance | low | — | — |
| 6 Sept 2026 · Newspaper publication of 42nd AGM notice | compliance | minimal | — | — |
| 5 Sept 2026 · Annual Report FY2025-26 and 42nd AGM Notice | results | medium | — | — |
| 5 Sept 2026 · Notice of 42nd AGM on September 28, 2026 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Newspaper publication of AGM notice | compliance | minimal | — | — |
| 22 Jul 2026 · Mantra Capital Q1FY27 Business Update: AUM crosses 123 Crores | business updates | low | — | — |
| 18 Jul 2026 · Mantra Capital Q1 FY26 results published in newspapers (compliance filing) | compliance | minimal | — | — |
| 17 Jul 2026 · Mantra Capital reshapes MoA to focus on NBFC, EV financing and green finance | strategic transactions | medium | — | — |
| 17 Jul 2026 · Mantra Capital allots 1.07 lakh sweat equity shares to CEO | fund raising | 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 |
| 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/B | 2.1 | 1.1 | 174 of 245 | 29% |
| ROE | (49.4) | 3.0 | 258 of 266 | 3% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | (37.4) | 48.6 | 205 of 249 | 18% |
| Revenue growth | 219.9 | 12.6 | 23 of 231 | 90% |
| Profit growth | (20.6) | 7.8 | 142 of 251 | 44% |
| Market cap | 58 | 37 | 111 of 260 | 58% |
| 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.
