BSE: 540175
REGENCY FINCORP LIMITED
Lends to underserved micro, small and medium enterprises and salaried retail borrowers in Tier-2 cities across five northern Indian states, operating through 310-plus branches that serve over 16,000 customers. The core business is secured MSME lending, whose book grew 44% quarter-on-quarter to ₹230 cr in Q1 FY27, almost 5x year-on-year, and now represents about 67% of total AUM of ₹345 cr. A digital salaried-lending platform called Cash My Salary was launched in the quarter and built a ₹23 cr AUM within weeks; the mix of unsecured personal loans in the book has been cut from 26% to 18% to harden asset quality. Q1 FY27 total income of ₹17.4 cr was 86% higher year-on-year, and the company earned a ₹7 cr profit after tax, with GNPA at 0.98% and NNPA at 0.74%. Lending is funded by listed NCDs (raised at 13-14% coupons) and bank term loans, with a blended cost of funds of 13.25% that the company plans to bring down to 11.75-12.5% by FY27 end. Employee costs of 12.9% of revenue and other operating costs of 11.9% are the main operating expenses, while the biggest input cost is the interest paid on borrowed money used to on-lend. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Secured MSME lending, Digital salaried lending (Cash My Salary), Unsecured personal loans. Small, growth-stage NBFC pivoting from unsecured to secured MSME lending, supplemented by a new digital salaried-lending platform
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 34 |
| EBITDA (ex other income) | 24 |
| margin % | 69.0 |
| Owners' profit | 13 |
| EPS, as reported (₹) | 1.67 |
| ROE % · ROCE % | 8.4 · — |
| Debt / equity (x) | — |
| Cash from operations | 27 |
| Capex | (3) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q4 FY26 | Q1 FY27 |
|---|---|---|
| Revenue | 10 | 17 |
| Profit before tax | 5 | 9 |
| Net profit | 4 | 7 |
| EPS (₹) | 0.44 | 0.79 |
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/E (TTM) | 52.3 | 19.0 | 60 of 76 | 21% |
| P/B | 3.6 | 1.0 | 88 of 105 | 16% |
| ROE | 8.4 | 1.3 | 21 of 111 | 82% |
| EBITDA margin | 84.3 | 25.6 | 21 of 91 | 78% |
| Market cap | 571 | 26 | 7 of 113 | 95% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Board to consider private placement of listed secured NCDs | fund raising | medium | — | — |
| 26 Oct 2026 · Audio recording of Q2 and H1 FY27 earnings call submitted | investor communications | low | — | — |
| 26 Oct 2026 · Regency Fincorp reports strong H1 FY27 growth, sets ₹3,000 crore FY30 target | investor communications | medium | — | — |
| 24 Oct 2026 · Regency Fincorp publishes September 2026 quarterly results | compliance | minimal | — | — |
| 23 Oct 2026 · Q2 and H1 FY27 profit surge as AUM crosses Rs 600 crore | compliance | low | — | — |
| 23 Oct 2026 · September quarter profit rises; board approves Rs 40 crore debt issue | results | high | — | — |
| 23 Oct 2026 · Board approves INR 40 crore NCD issue; September profit rises | fund raising | medium | — | — |
| 23 Oct 2026 · Profit jumps; board approves Rs 40 crore debentures | results | high | — | — |
| 23 Oct 2026 · Sep 2026 results rise sharply; board approves Rs 40 crore debenture issue | results | high | — | — |
| 23 Oct 2026 · BSE approves listing of privately placed non-convertible debentures | capital market events | low | — | — |
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.