Lends to micro, small and medium enterprises and against gold collateral, funded by a mix of bank borrowings, non-convertible debentures and other debt. The company earns the spread between the yield on its loan book (17.9% in Q1 FY27) and its cost of borrowing (8.42% in Q1 FY27). Co-origination with banks was reset to about 10% of disbursements from 20% earlier, following an April 2026 RBI circular on MSME collateral. Employee costs at 17% of revenue are the largest non-fund cost line, with management guiding to a 25 bps cut in cost-to-AUM for FY27. Asset quality is being intentionally insulated — Stage 2 provisioning was raised from 6% to 16%, taking total provisioning to 1.91% of assets (about 2x the regulatory minimum), and GNPA stood at 2.66% in Q1 FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. MSME lending, Gold loans. Spread-based, branch-led NBFC focused on MSME and gold lending
| ₹ crore · consolidated | FY24 | FY25 |
|---|---|---|
| Revenue | 1,019 | 1,306 |
| EBITDA (ex other income) | 679 | 894 |
| margin % | 66.6 | 68.5 |
| Owners' profit | 237 | 345 |
| EPS, as reported (₹) | 2.35 | 3.21 |
| ROE % · ROCE % | 8.5 · — | 10.8 · — |
| Debt / equity (x) | 0.00 | 0.00 |
| Cash from operations | (1,155) | (1,415) |
| Capex | (11) | (9) |
| ₹ crore | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 230 | 246 | 264 | 279 | 298 | 314 | 334 | 361 |
| Profit before tax | 63 | 71 | 86 | 97 | 105 | 110 | 118 | 125 |
| Net profit | 47 | 53 | 64 | 74 | 79 | 84 | 88 | 94 |
| EPS (₹) | 0.52 | 0.52 | 0.60 | 0.69 | 0.74 | 0.78 | 0.82 | 0.87 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 6,43,552 | 31.7 | 5.50 | 11.6 | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 2,42,019 | 18.1 | 3.67 | 6.7 | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,57,446 | 27.2 | 5.17 | 6.9 | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,54,110 | 28.2 | 3.27 | 6.5 | 10.4 | — | — | 75.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · SBFC Finance - ICRA revalidates AA- Stable rating on Rs 400cr NCDs | credit debt | medium | — | — |
| 3 Sept 2026 · SBFC Finance allots 8.16 lakh shares under ESOP schemes | capital market events | low | — | — |
| 3 Sept 2026 · SBFC Finance gets ESG rating of 68 from NSE Sustainability | business updates | medium | — | — |
| 26 Aug 2026 · Securitised notes rating finalised at IND AA+ with Stable outlook | credit debt | medium | — | — |
| 17 Aug 2026 · SBFC Finance gets ESG rating of 76.7 from SES ESG Research for FY25-26 | general | low | — | — |
| 31 Jul 2026 · SBFC Finance allots 8.99 lakh shares under ESOP schemes to employees | capital market events | low | — | — |
| 31 Jul 2026 · SBFC Finance Q1 FY27 earnings call transcript filed; PAT up 29% YoY | investor communications | medium | — | — |
| 27 Jul 2026 · SBFC Finance publishes Q1 FY27 unaudited results in newspapers | compliance | minimal | — | — |
| 25 Jul 2026 · Audio recording of Q1 FY27 earnings call uploaded | investor communications | low | — | — |
| 25 Jul 2026 · SBFC Finance Q1 FY27: PAT up 29% YoY to ₹130 cr, AUM at ₹11,922 cr | investor communications | medium | — | — |
| 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 |
| MUTHOOT FINANCE LIMITED | 1,12,094 | 9.9 | 2.82 | 3.9 | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 62,349 | 27.4 | 3.96 | — | 13.8 | — | — | 33.1 |
| HDB FINANCIAL SERVICES L | 55,706 | 20.2 | 2.70 | — | 12.3 | — | — | 58.0 |
| SUNDARAM FINANCE LTD | 52,217 | 23.3 | 3.51 | 6.7 | 13.8 | — | — | 78.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 30.6 | 18.2 | 150 of 212 | 29% |
| P/B | 3.4 | 1.1 | 203 of 245 | 17% |
| ROE | 10.8 | 3.0 | 51 of 266 | 81% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 68.7 | 48.6 | 87 of 249 | 65% |
| Revenue growth | 29.3 | 12.6 | 86 of 231 | 63% |
| Profit growth | 27.5 | 7.8 | 104 of 251 | 59% |
| Market cap | 10877 | 37 | 17 of 260 | 94% |
| 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 |
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.
