BSE: 530439
SIDDHA VENTURES LTD.
Operates as a small, Kolkata-based, single-segment non-banking financial company listed on BSE. Historically earned most revenue from share trading, which collapsed from Rs 2,765.97 Lakhs in FY25 to Rs 79.30 Lakhs in FY26. Revenue from operations for FY26 stood at Rs 135.26 Lakhs versus Rs 365.96 Lakhs in FY25. Alongside the trading slump, non-current loans expanded from Rs 212.50 Lakhs to Rs 846.75 Lakhs. The cost base is split between other operating expenses (41.7% of revenue) and employee costs (15.3% of revenue). The company reported a near-breakeven net loss of Rs 5.13 Lakhs in FY26, against a Rs 2,415.30 Lakhs loss in FY25. Total assets stand at Rs 14.6152 crore. Cash and cash equivalents rose to Rs 31.78 Lakhs, while operating cash flow was negative at Rs 554.74 Lakhs. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Share trading. Small, single-segment NBFC historically reliant on share trading with an expanding loan book
Exhibit 1: Financial summary, FY20–FY24 (all audited; no estimate years)
| ₹ crore · consolidated | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 1 | 0 |
| EBITDA (ex other income) | (1) | 2 | 29,773 | 21 | 1 |
| margin % | (162.5) | 1193100.0 | — | 1593.0 | 271.3 |
| Owners' profit | 0 | 0 | 29,824 | 21 | 1 |
| EPS, as reported (₹) | (0.70) | 2.52 | 0.30 | 21.27 | 0.79 |
| ROE % · ROCE % | (4.4) · (4.0) | 13.7 · 13.7 | 1.6 · 1.6 | 53.2 · 53.3 | 1.9 · 1.9 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | — | 0 | (13,338) | (0) | 0 |
| Capex | — | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | 1 | 0 | 20 | 0 | (0) | (0) | 1 |
| Net profit | (0) | 1 | 0 | 20 | 0 | (0) | (0) | 1 |
| EPS (₹) | (0.06) | 9.48 | 0.10 | 20.29 | 0.17 | (0.04) | (0.02) | 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. % |
|---|---|---|---|---|---|---|---|---|
| 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) | 5.9 | 18.1 | 27 of 200 | 87% |
| P/B | 0.1 | 1.1 | 7 of 253 | 97% |
| ROCE | 1.9 | 2.0 | 31 of 59 | 48% |
| ROE | 1.9 | 3.1 | 152 of 257 | 41% |
| Debt / Equity | 0.0 | 0.0 | 1 of 53 | 58% |
| Profit growth | (96.7) | 7.8 | 188 of 251 | 25% |
| Market cap | 5 | 34 | 255 of 268 | 5% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Independent Director Sushma Saraf resigns effective 29 October 2026 | management changes | medium | — | — |
| 8 Oct 2026 · Routine filing: Q2 dematerialization certificate submitted to BSE | compliance | minimal | — | — |
| 30 Sept 2026 · Trading Window Closed Pending Q2 FY26 Results | compliance | minimal | — | — |
| 29 Sept 2026 · Siddha Ventures 35th AGM: 4 resolutions passed with over 99.8% approval | compliance | minimal | — | — |
| 28 Sept 2026 · Siddha Ventures appoints Chaitali Paul as Independent Women Director | management changes | medium | — | — |
| 28 Sept 2026 · Siddha Ventures appoints Vidhya Baid and Co as Secretarial Auditor for 5 years | management changes | medium | — | — |
| 28 Sept 2026 · Siddha Ventures 35th AGM held on Sep 28, 4 ordinary resolutions proposed | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Notice of 35th Annual General Meeting published in newspapers | compliance | minimal | — | — |
| 5 Sept 2026 · Annual Report FY26 and 35th AGM notice filed with BSE | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · Siddha Ventures 35th AGM notice for Sep 28, 2026 via video conferencing | board shareholder meetings | 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.