BSE: 534060
PMC FINCORP LIMITED
Operates as a non-banking financial company (NBFC) registered with the Reserve Bank of India, with three reported revenue streams. The Finance Business is the dominant line, accounting for 92.9% of segment revenue, followed by an Investment Business (4.6%) and a small Stock/Share Trading book (2.5%). In FY26, the company reported total income from operations of Rs 18.504 crore, with net profit of Rs 6.1521 crore against total assets of Rs 189.9219 crore. During the year the company almost completely retired its borrowings, taking the debt-to-equity ratio from 0.27 to 0.00, and raised fresh capital through an allotment of 9 crore fully convertible warrants at Rs 2.62 each, receiving Rs 589.50 lakh in upfront subscription. Operating cost structure is light: employees at 5.1% of revenue, other operating expenses at 28.8%, depreciation at 0.4%, and no materials cost. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Finance Business (93%), Investment Business (5%), Stock/Share Trading (3%). Small, lightly geared NBFC with lending as the core line and smaller investment and trading books
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 7 | 9 | 16 | 22 | 19 |
| EBITDA (ex other income) | 3 | (5) | 14 | 20 | 12 |
| margin % | 44.4 | (51.2) | 90.7 | 91.8 | 66.1 |
| Owners' profit | 2 | (6) | 11 | 14 | 6 |
| EPS, as reported (₹) | 0.04 | (0.12) | 0.21 | 0.20 | 0.09 |
| ROE % · ROCE % | 2.0 · — | (6.2) · — | 9.9 · — | 8.5 · — | 3.3 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (32) | (4) | 10 | (28) | (7) |
| 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 | 7 | 5 | 3 | 7 | 5 | 5 | 4 | 6 |
| Profit before tax | 6 | 5 | 1 | 5 | 3 | 1 | (0) | 6 |
| Net profit | 5 | 4 | 1 | 4 | 2 | 1 | (0) | 4 |
| EPS (₹) | 0.10 | 0.06 | 0.01 | 0.06 | 0.03 | 0.01 | (0.01) | 0.06 |
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. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 5,67,346 | 27.9 | 4.85 | — | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 1,93,785 | 14.5 | 2.94 | — | 15.2 | — | 22.5 | 74.7 |
| TATA CAPITAL LIMITED | 1,28,620 | 23.5 | 2.73 | — | 10.4 | — | — | 75.8 |
| CHOLAMANDALAM IN & FIN CO | 1,25,298 | 21.7 | 4.11 | — | 17.2 | — | 26.5 | 71.2 |
| MUTHOOT FINANCE LIMITED | 96,653 | 8.5 | 2.43 | — | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 50,250 | 22.1 | 3.20 | — | 13.8 | — | — | 33.1 |
| SUNDARAM FINANCE LTD | 42,997 | 19.2 | 2.89 | — | 13.8 | — | — | 78.4 |
| PIRAMAL FINANCE LIMITED | 42,166 | 24.9 | 1.50 | — | 5.3 | — | — | 63.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 20.7 | 18.5 | 108 of 200 | 46% |
| P/B | 0.7 | 1.1 | 91 of 253 | 64% |
| ROE | 3.3 | 3.1 | 126 of 257 | 51% |
| EBITDA margin | 89.9 | 48.6 | 40 of 249 | 84% |
| Revenue growth | (6.1) | 12.6 | 147 of 231 | 37% |
| Profit growth | 5.6 | 7.8 | 128 of 251 | 49% |
| Market cap | 132 | 33 | 77 of 268 | 72% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · PMC Fincorp appoints Atul Narendra Malik as CEO | management changes | high | — | — |
| 27 Oct 2026 · Atul Narendra Malik appointed CEO of PMC Fincorp | management changes | high | — | — |
| 7 Oct 2026 · Compliance certificate for Q2 FY27 submitted to BSE | compliance | minimal | — | — |
| 26 Sept 2026 · PMC Fincorp appoints Sunil K. Gupta and Associates as statutory auditor for 5 years | management changes | medium | — | — |
| 26 Sept 2026 · PMC Fincorp appoints new statutory auditor for 5-year term | management changes | medium | — | — |
| 25 Sept 2026 · PMC Fincorp 41st AGM: All 3 resolutions passed with over 99.87 percent majority | compliance | minimal | — | — |
| 23 Sept 2026 · Trading Window Closure for Q2 and H1 FY27 Results | compliance | minimal | — | — |
| 2 Sept 2026 · Non-Executive Director Puneet Arora resigns from the board | management changes | medium | — | — |
| 2 Sept 2026 · Non-Executive Non-Independent Director Mr. Puneet Arora resigns | management changes | medium | — | — |
| 2 Sept 2026 · PMC Fincorp 41st AGM notice dispatched; book closure from Sept 18 | compliance | minimal | — | — |
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.