Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · SARASWATI COMM (INDIA) L · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
SARASWATI COMM (INDIA) L
NSE: ZSARACOM · BSE: 512020
NSE: ZSARACOM · BSE: 512020
Financial Services › Financial Services › Finance › Non Banking Financial Company (NBFC)
SARASWATI COMM (INDIA) L
StateQ4 FY26 filed
Last close · 28 Oct 2026₹9,399.00
Market cap₹1.0k cr
TTM P/E · P/B · EV/EBITDA9.8 · 0.93 · —
SARASWATI COMM (INDIA) L is a Finance company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 87 | 24 | 128 | 75 | 11 |
| EBITDA (ex other income) | 85 | 21 | 125 | 70 | 115 |
| margin % | 97.4 | 86.9 | 97.5 | 93.4 | 1003.8 |
| Owners' profit | 65 | 12 | 104 | 53 | 92 |
| EPS, as reported (₹) | 631.68 | 113.48 | 1008.85 | 517.51 | 842.32 |
| ROE % · ROCE % | 15.1 · — | 2.7 · — | 14.8 · — | 5.5 · — | 8.3 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 50 | 27 | 33 | 9 | (114) |
| Capex | (0) | (1,080) | (0) | (0) | (0) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · SARASWATI COMM (INDIA) L · 29 October 2026Page 2 of 3
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 | 68 | 78 | (45) | 0 | 31 | 73 | 33 | 2 |
| Profit before tax | 67 | 77 | (46) | (28) | 29 | 72 | 30 | (19) |
| Net profit | 52 | 63 | (39) | (23) | 24 | 60 | 25 | (16) |
| EPS (₹) | 509.22 | 614.85 | (382.53) | (222.34) | 258.79 | 615.32 | 233.27 | (148.86) |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
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 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.8 | 18.1 | 56 of 200 | 72% |
| P/B | 0.9 | 1.1 | 116 of 253 | 54% |
| ROE | 8.3 | 3.1 | 72 of 257 | 72% |
| EBITDA margin | (728.7) | 48.6 | 240 of 249 | 4% |
| Revenue growth | 728.1 | 12.6 | 14 of 231 | 94% |
| Profit growth | 28.9 | 7.8 | 101 of 251 | 60% |
| Market cap | 1030 | 34 | 36 of 268 | 87% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · SARASWATI COMM (INDIA) L · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · Newspaper notice for loss of 83 Saraswati Commercial shares | compliance | minimal | — | — |
| 9 Oct 2026 · Resignation of Chief Information Officer and Head of IT, Mr. Kartik Chawda | management changes | medium | — | — |
| 5 Oct 2026 · RTA files Q2 FY27 demat compliance certificate with BSE | compliance | minimal | — | — |
| 29 Sept 2026 · Newspaper notice on special window for physical share dematerialisation | compliance | minimal | — | — |
| 25 Sept 2026 · AGM 2026: All 15 resolutions passed with 99.99% approval | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading Window Closed from Oct 1 Until Q2 FY26 Results Declared | compliance | minimal | — | — |
| 1 Sept 2026 · Newspaper publication of 43rd AGM notice and e-voting details for Saraswati Commercial | compliance | minimal | — | — |
| 31 Aug 2026 · Saraswati Commercial dispatches AGM notice and Annual Report link to shareholders | compliance | minimal | — | — |
| 31 Aug 2026 · Saraswati Comm submits 43rd Annual Report, AGM on Sep 24 | compliance | low | — | — |
| 31 Aug 2026 · Notice of 43rd AGM on September 24, 2026 via video conferencing | board shareholder meetings | low | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in