BSE: 544257
Sodhani Academy of Fintech Ena
Operates an e-learning business focused on fintech training and skill development, delivering programmes to learners. The company runs its own branches and is shifting smaller locations — Bengaluru and Guwahati, which together contributed less than 1% of turnover — to a franchise model, while opening a new branch in Andheri East, Mumbai. It signed an academic tie-up with Vishvakarma Skill University, Jaipur to offer university-recognised skill and academic programmes, without any equity or capital commitment. Growth infrastructure, including a new around 50-seat operational centre, is being funded by Rs 388 lakhs raised through an IPO in September 2024 on BSE. Revenue for FY26 stood at Rs 3.6488 crore. Employee cost is the largest identifiable expense at 15% of revenue, with other operating expense at 29.9% of revenue and capex at 15.7% of revenue; raw material cost is nil, consistent with a services-led model. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Fintech e-learning and training services. Small, services-led e-learning and skill training company, recently listed via IPO
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | 4 | 4 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 7.34 | 6.09 |
| ROE % · ROCE % | — · 34.9 | — · 24.1 |
| Debt / equity (x) | — | — |
| Cash from operations | 4 | 0 |
| Capex | (0) | (1) |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 1 | 3 | 2 | 2 |
| Profit before tax | 2 | 3 | 3 | 2 |
| Net profit | — | — | — | — |
| EPS (₹) | 4.10 | 3.59 | 3.59 | 2.50 |
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. % |
|---|---|---|---|---|---|---|---|---|
| PHYSICSWALLAH LIMITED | 37,567 | 1079.2 | 8.22 | 67.8 | (0.5) | 0.2 | — | 4.9 |
| JARO INS OF TEC MG N RE L | 776 | 13.4 | 2.15 | — | 14.7 | 18.1 | — | 24.1 |
| VERANDA LEARNING SOL LTD | 311 | 2.1 | 0.32 | 2.0 | 13.5 | 9.4 | — | 36.0 |
| Sodhani Academy of Fintech Ena ◆ | 77 | 9.9 | — | — | — | 24.1 | — | — |
| JETKING INFOTRAIN LTD. | 69 | — | 1.57 | 57.6 | (2.1) | (2.6) | 22.5 | (43.6) |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.9 | 16.3 | 6 of 25 | 79% |
| ROCE | 24.1 | 8.4 | 4 of 29 | 89% |
| Market cap | 77 | 85 | 17 of 30 | 45% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 8 Oct 2026 · Quarterly RTA certificate for dematerialisation of securities | compliance | minimal | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 ahead of H2 results | compliance | minimal | — | — |
| 18 Sept 2026 · Promoter group Oasis Securities acquires 26,500 shares of SAFE on-market | ownership changes | low | — | — |
| 18 Sept 2026 · Promoter group HUF sells 26,500 shares via market | ownership changes | medium | — | — |
| 18 Sept 2026 · SAFE acquires 1% stake in CredArc Technologies for Rs 1 crore | strategic transactions | low | — | — |
| 9 Sept 2026 · SAFE invests Rs 1 Cr for 1% stake in CredArc Technologies | strategic transactions | medium | — | — |
| 9 Sept 2026 · Board approves 1 Cr investment for 1% stake in CredArc Technologies | strategic transactions | medium | — | — |
| 26 Aug 2026 · AGM 2026 results: all 5 resolutions passed, Rs 0.75 per share dividend declared | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Promoter MD re-appointed for 3 years; new auditor fills casual vacancy | management changes | high | — | — |
| 24 Aug 2026 · New auditor appointed and MD re-appointed at SAFE Fintech | management changes | high | — | — |
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.