Operates as a Gujarat-based non-banking finance company running a lease finance and lending book, earning primarily through interest on loans. The loan book grew from ₹2,972.14 lakhs to ₹4,359.38 lakhs in FY26. Total income for FY26 stood at ₹756.53 lakhs (per filings) or ₹668.83 lakhs (per F_SCALE), driven by interest income of ₹648.33 lakhs, up from ₹590.05 lakhs the previous year. Despite the top-line growth, profit after tax fell 9.8% to ₹317.91 lakhs from ₹352.34 lakhs, hit by higher finance costs (₹53.15 lakhs vs ₹40.89 lakhs) and a 73% rise in impairment on financial instruments to ₹50.45 lakhs. The company funded its loan book expansion by sharply increasing borrowings from ₹112.73 lakhs to ₹1,029.27 lakhs, and operating cash flow turned negative at ₹-1,119.82 lakhs as disbursements outpaced collections. Its biggest input cost is finance cost (interest paid on borrowings), while employee costs run at 16.1% of revenue and other operating expenses at 16.5%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income from lending and lease finance. Small-cap NBFC, asset-light lending model funded by borrowings
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6 | 6 | 7 | 6 | 7 |
| EBITDA (ex other income) | 4 | 4 | 5 | 4 | 4 |
| margin % | 64.7 | 70.1 | 70.5 | 64.4 | 58.0 |
| Owners' profit | 3 | 3 | 4 | 4 | 3 |
| EPS, as reported (₹) | 3.96 | 4.56 | 5.87 | 5.37 | 4.85 |
| ROE % · ROCE % | 10.5 · — | 10.8 · — | 12.2 · — | 10.1 · — | 8.3 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 1 | 4 | 1 | (3) | (11) |
| Capex | (0) | (1) | (0) | (0) | (1) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Net profit | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS (₹) | 1.06 | 1.52 | 0.88 | 1.41 | 1.16 | 1.14 | 1.13 | 1.70 |
| 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 % |
|---|---|---|---|---|
| 1 Sept 2026 · Notice of 35th AGM, e-voting details, record date and book closure | compliance | minimal | — | — |
| 31 Aug 2026 · Notice of 35th AGM published; meeting on 24 Sept 2026 via VC | compliance | minimal | — | — |
| 29 Aug 2026 · 35th AGM notice and FY25-26 Annual Report filed | board shareholder meetings | low | — | — |
| 29 Aug 2026 · Notice of 35th AGM on September 24, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Nalin Lease Finance 35th AGM on 24 Sept 2026 via video conference | board shareholder meetings | low | — | — |
| 30 Jul 2026 · Promoter Dilipkumar Gandhi sells 66000 shares of Nalin Lease Finance | ownership changes | medium | — | — |
| 30 Jul 2026 · Promoter Group Nplus Consultants buys 66000 shares via open market | ownership changes | high | — | — |
| 18 Jul 2026 · Nalin Lease Finance Q1 FY27 PAT up 20.6% at Rs 111.46 lakh | compliance | minimal | — | — |
| 17 Jul 2026 · Q1 FY27 results: PAT up 21% YoY at Rs 111.46 lakh | results | high | — | — |
| 17 Jul 2026 · Q1 FY26-27 Results: PAT rises 20.6 percent to Rs 111.46 lakh | results | high | — | — |
| 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) | 7.9 | 18.2 | 46 of 212 | 79% |
| P/B | 0.7 | 1.1 | 73 of 245 | 68% |
| ROE | 8.3 | 3.0 | 76 of 266 | 72% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 85.7 | 48.6 | 47 of 249 | 82% |
| Revenue growth | 4.7 | 12.6 | 131 of 231 | 44% |
| Profit growth | 20.6 | 7.8 | 115 of 251 | 54% |
| Market cap | 27 | 37 | 146 of 260 | 44% |
| 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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