BSE: 540386
Ontic Finserve Limited
Ontic Finserve is a small non-banking financial company (NBFC) based in Ahmedabad and listed on BSE under Scrip Code 540386. It earns revenue from financial operations, with FY26 revenue from operations of ₹0.96 crore against total assets of ₹4.38 crore. The company's quarterly revenue has been volatile — Q2 FY26 revenue from operations was ₹140.10 lakhs while Q3 FY26 dropped sharply to about ₹1.86 lakhs, with year-on-year declines of around 31% reported across quarters. Operating costs are dominated by employee costs (11.9% of revenue) and other operating expenses (25.6%), with negligible depreciation (0.1%) and no materials or capex reported. The filings do not specify the type of lending or financial products the NBFC offers, nor identify its customer segments. The company has 90,003,000 shares outstanding and its Board has proposed a reduction of share capital, pending shareholder, stock exchange and NCLT approvals. Multiple directors, including two executive directors and one independent director, resigned during 2025-2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Financial operations. Micro-cap, small-scale NBFC
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 39 | 0 | 0 | 2 | 1 |
| EBITDA (ex other income) | (0) | (0) | (3) | 2 | 1 |
| margin % | (0.1) | (8.1) | — | 88.1 | 62.5 |
| Owners' profit | 0 | 0 | (3) | 1 | 1 |
| EPS, as reported (₹) | 0.13 | 0.04 | (0.30) | 0.15 | 0.12 |
| ROE % · ROCE % | 2.6 · 3.5 | 1.0 · 1.3 | (152.6) · (152.5) | 42.2 · 57.7 | 14.4 · 19.4 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.11 | 0.09 |
| Cash from operations | 0 | 0 | 0 | (0) | 1 |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 0 | 0 | 1 | 0 | 0 | (0) | (3) |
| Net profit | 1 | 0 | 0 | 0 | 0 | 0 | (0) | (3) |
| EPS (₹) | 0.12 | 0.04 | 0.01 | 0.04 | 0.03 | 0.00 | 0.00 | (0.32) |
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. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 33,999 | 38.5 | 10.39 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,509 | 19.5 | 4.10 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,234 | — | 2.54 | 37.9 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 969 | — | 0.74 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| PRIME SECURITIES LIMITED | 968 | 172.9 | 3.78 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 881 | 26.7 | 5.18 | 16.9 | 22.5 | 30.3 | — | 97.5 |
| REGENCY FINCORP LIMITED | 571 | 52.3 | 3.56 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 529 | — | 1687.57 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 2.2 | 1.0 | 76 of 105 | 28% |
| ROCE | 19.4 | 1.8 | 7 of 83 | 93% |
| ROE | 14.4 | 1.3 | 11 of 111 | 91% |
| Debt / Equity | 0.1 | 0.0 | 49 of 77 | 37% |
| Revenue growth | (100.0) | (4.1) | 76 of 85 | 2% |
| Profit growth | (825.0) | (0.2) | 107 of 109 | 2% |
| Market cap | 8 | 26 | 91 of 113 | 20% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 24 Oct 2026 · Corrected half-year cash flow for September 2026 quarter results | results | medium | — | — |
| 19 Oct 2026 · Ontic Finserve posts Rs 4.2L loss in Q2 FY27, revenue at zero | results | high | — | — |
| 19 Oct 2026 · Ontic Finserve Q2 FY27 loss at Rs 4.20 lakh, revenue nil | results | high | — | — |
| 14 Oct 2026 · Board meeting on 19 Oct 2026 to consider Q2 FY27 results | results | low | — | — |
| 12 Oct 2026 · Revised AGM voting results: share consolidation approved with 99.85% assent | corporate actions | high | — | — |
| 6 Oct 2026 · Routine compliance filing on share dematerialisation for Sep 2026 quarter | compliance | minimal | — | — |
| 2 Oct 2026 · AGM results: share consolidation approved with FY26 financials | corporate actions | high | — | — |
| 30 Sept 2026 · AGM held; accounts adopted, share capital reduction and consolidation approved | corporate actions | medium | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1, 2026 ahead of Q2 results | compliance | minimal | — | — |
| 9 Sept 2026 · Annual Report FY26 with Share Capital Reduction Plan | results | medium | — | — |
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.