BSE: 539495
Rajkot Investment Trust Limite
Operates as a non-banking financial company (NBFC), lending from its corporate office in Surat and earning interest income on its loan book. FY26 financials are very small in scale, with total assets of Rs. 34.4 crore and a loan book of Rs. 280.13 lakhs against borrowings of Rs. 287.24 lakhs. The company operates as a single reportable segment under IND AS 108 (NBFC operations). Revenue from operations has been declining — Q3 FY26 stood at Rs. 4.00 lakh versus Rs. 17.52 lakh in Q3 FY25 — while other income (likely from investments) has been the larger contributor to total revenue. Net profit after tax for FY26 was Rs. 8.02 lakhs, down from Rs. 9.93 lakhs the prior year, with employee cost accounting for 56.8% of revenue and other operating expenses 50.4%. Paid-up equity capital is Rs. 100 lakhs with face value of Rs. 10. The company is registered with and inspected by the Reserve Bank of India, with a routine RBI inspection completed in June–July 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. NBFC operations (interest income on loans), Other income. Small, leveraged NBFC with a single lending segment
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 1 | 0 |
| EBITDA (ex other income) | (0) | 0 | (0) | (0) | (0) |
| margin % | (2.2) | 11.5 | (34.1) | (4.8) | (7.1) |
| Owners' profit | (0) | 0 | (0) | 0 | 0 |
| EPS, as reported (₹) | (0.19) | (0.19) | 0.19 | 1.49 | 1.28 |
| ROE % · ROCE % | (0.4) · 0.2 | 1.3 · 0.4 | (1.6) · (0.1) | 3.2 · 0.7 | 2.6 · 0.5 |
| Debt / equity (x) | 1.80 | 1.79 | 4.66 | 4.96 | 5.91 |
| Cash from operations | 0 | (12) | 0 | 1 | 0 |
| Capex | (0) | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | (0) | 0 | 0 | 0 | 0 | (0) |
| Net profit | 0 | 0 | (0) | 0 | 0 | 0 | 0 | (0) |
| EPS (₹) | 0.73 | 1.30 | (2.40) | 0.67 | 0.95 | 0.82 | 0.82 | (1.30) |
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) | 33.0 | 18.1 | 144 of 200 | 28% |
| P/B | 0.9 | 1.1 | 111 of 253 | 56% |
| ROCE | 0.5 | 2.0 | 41 of 59 | 31% |
| ROE | 2.6 | 3.1 | 138 of 257 | 47% |
| Debt / Equity | 5.9 | 0.0 | 53 of 53 | 0% |
| EBITDA margin | (51.1) | 48.6 | 208 of 249 | 17% |
| Revenue growth | (34.3) | 12.6 | 181 of 231 | 22% |
| Profit growth | (295.2) | 7.8 | 226 of 251 | 10% |
| Market cap | 4 | 34 | 256 of 268 | 5% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board to consider rights issue to raise funds | board shareholder meetings | low | — | — |
| 15 Oct 2026 · Board notes RBI supervisory letter, directs corrective measures | regulatory legal | high | — | — |
| 15 Oct 2026 · Board noted RBI supervisory letter and directed corrective measures | regulatory legal | high | — | — |
| 6 Oct 2026 · Compliance certificate for Q2 FY27 under SEBI Reg 74(5), no physical shares received | compliance | minimal | — | — |
| 1 Oct 2026 · Board appoints Mr. Arun Sharma as Joint CFO effective Oct 1, 2026 | management changes | high | — | — |
| 1 Oct 2026 · Board appoints Mr. Arun Sharma as Joint CFO | management changes | medium | — | — |
| 30 Sept 2026 · AGM results: 3 resolutions passed unanimously, registered office shifted to Surat | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Trading window closed ahead of Q2 FY26 results | compliance | minimal | — | — |
| 29 Sept 2026 · 44th AGM held via video conferencing; key resolutions on registered office shift | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Newspaper publication of 44th AGM notice and e-voting info | 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.