BSE: 531572
RANJIT SECURITIES LTD.
Operates as a Non-Banking Financial Company (NBFC) based in Indore, Madhya Pradesh, listed on BSE, with the Board having approved a name change to 'Ranjit Finance Limited'. For FY26, revenue from operations stood at Rs. 162.12 lakhs, up from Rs. 89.81 lakhs in FY25 — an 80.5% increase as reported in the audited results. The business is involved in lending, indicated by a Rs. 11.65 lakhs provision for loans during the year. The cost structure is typical of a financial services firm — no material costs, with employee costs at 28.7% of revenue, other operating expenses at 73.3%, and depreciation at 1.5%. Despite revenue growth, profit after tax fell 87% to Rs. 6.67 lakhs from Rs. 51.03 lakhs, and Q4 FY26 alone posted a net loss of Rs. 24.87 lakhs. Total assets were Rs. 6.23 crore and cash and cash equivalents were negative Rs. 45.41 lakhs at year-end. The shares were relisted on BSE on 27 November 2025 after a prior suspension. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Revenue from operations (lending/financial activities). Small, lending-focused Non-Banking Financial Company
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 1 | 1 | 1 | 2 |
| EBITDA (ex other income) | (0) | 0 | 0 | 0 | (0) |
| margin % | (33.7) | 8.7 | 1.6 | 19.7 | (2.0) |
| Owners' profit | 0 | 0 | 0 | 1 | 0 |
| EPS, as reported (₹) | 0.69 | 0.71 | 0.25 | 1.90 | (0.25) |
| ROE % · ROCE % | 0.4 · — | 3.5 · — | 1.2 · — | 8.6 · — | 1.1 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | — | (0) | 0 | (1) | 0 |
| Capex | — | 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 | 1 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0) |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0) |
| EPS (₹) | 0.13 | 0.76 | 0.11 | 1.03 | 0.31 | 0.01 | 0.85 | (0.93) |
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) | 295.8 | 18.1 | 195 of 200 | 3% |
| P/B | 3.2 | 1.1 | 212 of 253 | 16% |
| ROE | 1.1 | 3.1 | 167 of 257 | 35% |
| EBITDA margin | (106.4) | 48.6 | 218 of 249 | 13% |
| Revenue growth | 18.7 | 12.6 | 100 of 231 | 57% |
| Profit growth | (188.9) | 7.8 | 210 of 251 | 16% |
| Market cap | 19 | 34 | 170 of 268 | 37% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 22 Oct 2026 · Company name changed to Ranjit Finance Limited | corporate actions | low | — | — |
| 6 Oct 2026 · Ranjit Securities: Related Party Disclosure Exemption | compliance | minimal | — | — |
| 6 Oct 2026 · Compliance Certificate Under SEBI Regulation 74(5) for Q2 FY26-27 | compliance | minimal | — | — |
| 30 Sept 2026 · AGM approves new auditor and name change to Ranjit Finance Limited | management changes | medium | — | — |
| 30 Sept 2026 · AGM approves name change to Ranjit Finance Limited, financial results adopted | board shareholder meetings | low | — | — |
| 30 Sept 2026 · All 5 resolutions passed at 32nd AGM; name change to Ranjit Finance Limited | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Name change to Ranjit Finance Limited approved at AGM | corporate actions | medium | — | — |
| 30 Sept 2026 · AGM Outcome: New Auditor Appointed, Company Renamed to Ranjit Finance | management changes | medium | — | — |
| 23 Sept 2026 · Trading window closed ahead of Q2 FY26-27 results | compliance | minimal | — | — |
| 12 Sept 2026 · Ranjit Securities FY26: PAT falls 87% to Rs 6.65 lakh despite revenue growth | 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.