NSE: POONAWALLA · BSE: 524000
POONAWALLA FINCORP LTD
Lends to retail and small-business customers in India through six product franchises mounted on a single operating platform. Income is primarily interest on its loan book, with assets under management of ₹67,054 crore at the end of Q1 FY27, up 62.5% year-on-year. The main lines are prime personal loans (₹537 crore monthly disbursement, 38% digital), gold loans (₹875 crore monthly disbursement across 460 branches), and consumer durable financing (₹433 crore monthly disbursement through 17,300 retailer outlets). Smaller franchises cover commercial vehicles (₹104 crore monthly disbursement via 1,100 channel partners) and education loans (₹144 crore monthly disbursement across 50 locations); together, newer product lines made up 26% of Q1 FY27 disbursements. Net interest margin was 9.10% in Q1 FY27 and return on assets 1.98%, with a cost of borrowing of 7.72%. Reported asset quality was gross NPAs of 1.37% and net NPAs of 0.70%. A ₹2,500 crore Qualified Institutional Placement closed in April 2026 lifted capital adequacy to 19.46% and supported a debt-to-equity ratio of 3.82x. Employees account for 15% of revenue and other operating expenses for 14.5%, with depreciation and capex each around 1.4% of revenue. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Prime personal loans, Gold loans, Consumer durable financing, Commercial vehicle finance, Education loans, Legacy / core lending book. Diversified retail NBFC running six product franchises on a single platform, scaling rapidly with high financial leverage.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,004 | 1,939 | 3,109 | 4,190 | 6,790 |
| EBITDA (ex other income) | 1,224 | 1,338 | 3,105 | 1,412 | 3,579 |
| margin % | 61.1 | 69.0 | 99.9 | 33.7 | 52.7 |
| Owners' profit | 375 | 684 | 1,652 | 0 | 542 |
| EPS, as reported (₹) | 5.23 | 8.95 | 21.89 | (1.27) | 6.84 |
| ROE % · ROCE % | 6.2 · — | 10.0 · — | 20.6 · — | (1.2) · — | 5.2 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (3,049) | (5,237) | (7,556) | (10,569) | (21,786) |
| Capex | (62) | (64) | (9) | (28) | (94) |
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 | 989 | 1,057 | 1,166 | 1,314 | 1,542 | 1,818 | 2,115 | 2,337 |
| Profit before tax | (630) | 25 | 80 | 83 | 99 | 200 | 341 | 411 |
| Net profit | (471) | 19 | 62 | 63 | 74 | 150 | 255 | 308 |
| EPS (₹) | (6.10) | 0.24 | 0.81 | 0.81 | 0.95 | 1.86 | 3.15 | 3.55 |
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 | 5,70,768 | 28.1 | 4.88 | — | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 1,94,820 | 14.6 | 2.96 | — | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,31,798 | 22.8 | 4.33 | — | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,31,209 | 24.0 | 2.79 | — | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 96,352 | 8.5 | 2.42 | — | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 50,202 | 22.1 | 3.19 | — | 13.8 | — | — | 33.1 |
| SUNDARAM FINANCE LTD | 43,766 | 19.6 | 2.94 | — | 13.8 | — | — | 78.4 |
| AUTHUM INVEST & INFRA LTD | 42,040 | 7.2 | 2.85 | — | 13.1 | — | — | 90.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 42.4 | 18.1 | 153 of 200 | 24% |
| P/B | 3.4 | 1.1 | 219 of 253 | 14% |
| ROE | 5.2 | 3.1 | 102 of 257 | 61% |
| EBITDA margin | 58.3 | 48.6 | 113 of 249 | 55% |
| Revenue growth | 77.8 | 12.6 | 45 of 231 | 81% |
| Profit growth | 391.6 | 7.8 | 25 of 251 | 90% |
| Market cap | 35325 | 34 | 12 of 268 | 96% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Newspaper notice opens special window to refile physical share transfers | compliance | minimal | — | — |
| 26 Oct 2026 · Poonawalla Fincorp approves up to Rs 2,000 crore non-convertible debenture issue | fund raising | medium | — | — |
| 17 Oct 2026 · Newspaper publication of postal ballot notice | compliance | minimal | — | — |
| 16 Oct 2026 · Final monitoring agency report for Rs 25,000 million QIP, all proceeds utilized | compliance | low | — | — |
| 16 Oct 2026 · Postal Ballot: Re-appointment of Ms. Kemisha Soni as Independent Director | board shareholder meetings | medium | — | — |
| 14 Oct 2026 · Poonawalla Fincorp Q2FY27: PAT up 22% QoQ at Rs 375 cr, ROA at 2.18% | investor communications | medium | — | — |
| 10 Oct 2026 · Newspaper publication of Q2 FY27 unaudited financial results | compliance | minimal | — | — |
| 9 Oct 2026 · Q2 FY27 earnings call recording available on website | investor communications | low | — | — |
| 9 Oct 2026 · Disclosure of Related Party Transactions for H1 FY27 | compliance | minimal | — | — |
| 9 Oct 2026 · Q2 FY27: PAT jumps 5x to Rs 375 cr, revenue up 70% YoY | results | high | — | — |
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.