BSE: 511066
SAKTHI FINANCE LTD.
Operates as a non-banking financial company (NBFC) based in Coimbatore, raising money from banks, non-convertible debentures (NCDs) and fixed deposits, and lending that money out to earn interest income. In FY26, total income stood at Rs 210.71 crore, with profit after tax of Rs 17.25 crore and total assets of Rs 1,433.52 crore. Outstanding borrowings were Rs 2,110.06 crore as of 31 March 2026, and Rs 1,245.74 crore of debt facilities were reaffirmed at ICRA BBB with Stable outlook. The company raises funds through public NCD issues (Rs 150 crore raised via the August 2025 public issue) and redeems maturing tranches, with Rs 104.50 crore of NCD redemptions scheduled in July and August 2026. Operating costs are dominated by employee expenses at 16.3% of revenue, other operating expenses at 9.4%, depreciation at 3.0%, and capex at 7.5% of revenue; materials cost is nil, consistent with a financial services business. Asset quality improved in FY26, with gross stage 3 assets at 4.76% and capital adequacy at 20.45%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest and other income from lending operations. Asset-light NBFC; cyclical, dependent on credit quality, borrowing costs and regulatory capital requirements
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 181 | 192 | 207 | 215 | 211 |
| EBITDA (ex other income) | 126 | 132 | 143 | 149 | 156 |
| margin % | 69.2 | 68.8 | 69.2 | 69.3 | 73.9 |
| Owners' profit | 10 | 12 | 16 | 17 | 17 |
| EPS, as reported (₹) | 1.52 | 1.98 | 2.43 | 2.57 | 2.67 |
| ROE % · ROCE % | 4.8 · — | 6.0 · — | 7.2 · — | 7.3 · — | 7.1 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 2 | (2) | (28) | 22 | 118 |
| Capex | (3) | 0 | (4) | (6) | (16) |
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 | 54 | 55 | 53 | 54 | 53 | 55 | 49 | 51 |
| Profit before tax | 6 | 6 | 6 | 6 | 5 | 5 | 7 | 6 |
| Net profit | 4 | 5 | 5 | 4 | 4 | 4 | 6 | 4 |
| EPS (₹) | 0.55 | 0.71 | 0.71 | 0.64 | 0.58 | 0.58 | 0.87 | 0.65 |
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. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,35,496 | 63.7 | 1.01 | — | 1.2 | — | — | 70.7 |
| ADITYA BIRLA CAPITAL LTD. | 97,598 | 22.8 | 2.65 | — | 10.5 | — | 18.8 | 40.8 |
| L&T FINANCE LIMITED | 61,858 | 19.4 | 2.21 | — | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD | 28,442 | 66.0 | 0.97 | — | 1.5 | — | 19.5 | 92.6 |
| CHOLAMANDALAM FIN HOL LTD | 24,545 | 9.2 | 0.72 | — | 16.2 | — | 23.0 | 58.4 |
| TVS HOLDINGS LIMITED | 23,883 | 12.1 | 1.85 | — | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD | 13,373 | 48.0 | 0.48 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED | 12,440 | 90.6 | 0.38 | — | 0.4 | — | 14.1 | 84.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.5 | 19.9 | 15 of 51 | 72% |
| P/B | 0.7 | 0.6 | 36 of 63 | 44% |
| ROE | 7.2 | 1.3 | 17 of 65 | 75% |
| EBITDA margin | 72.8 | 61.6 | 28 of 62 | 56% |
| Revenue growth | (5.1) | 13.6 | 37 of 56 | 35% |
| Profit growth | 1.6 | 10.7 | 37 of 66 | 45% |
| Market cap | 165 | 273 | 39 of 68 | 43% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Newspaper notice: Special window for re-lodging physical share transfers | compliance | minimal | — | — |
| 7 Oct 2026 · RTA confirms dematerialisation compliance for Sep 2026 quarter | compliance | minimal | — | — |
| 28 Sept 2026 · 69th AGM results: All 6 resolutions approved, Rs 0.80 equity dividend declared | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Sakthi Finance AGM clears director commission and Rs 50 cr preference share plan | management changes | medium | — | — |
| 26 Sept 2026 · AGM approves RCPS issue up to Rs 50 cr and director commission | fund raising | high | — | — |
| 26 Sept 2026 · Sakthi Finance declares 8 percent equity dividend at 69th AGM | corporate actions | high | — | — |
| 26 Sept 2026 · Sakthi Finance declares 8% equity dividend at 69th AGM | corporate actions | high | — | — |
| 26 Sept 2026 · AGM held; 8 percent equity dividend approved; RCPS issue up to Rs 50 crores cleared | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Newspaper ads confirming AGM Notice and Annual Report dispatch | compliance | minimal | — | — |
| 1 Sept 2026 · Sakthi Finance sends AGM weblink letters to shareholders without registered emails | 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.