Functions as a small non-banking financial company (NBFC) registered in New Delhi, engaged in lending. Total income for FY26 stood at Rs. 38.62 crore, up from Rs. 32.94 crore in FY25. Employee costs account for 8.3% of revenue and other operating expenses 10.3%, with capex negligible at 0.2%, consistent with a financial services model with minimal physical asset base. The statutory auditor has flagged Rs. 3.14 crore of loans extended to parties as loss assets under RBI NBFC rules where no provisioning has been made, along with non-provisioning of interest expense on certain loans taken. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest and other income from lending. Small, lending-focused NBFC with negligible capex
| ₹ crore · consolidated | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 33 | 31 | 16 | 17 | 21 |
| EBITDA (ex other income) | 2 | (0) | 1 | 1 | 1 |
| margin % | 6.4 | (0.2) | 5.8 | 4.5 | 3.4 |
| Owners' profit | 0 | (1) | 0 | 0 | 0 |
| EPS, as reported (₹) | (1.94) | 2.97 | 0.75 | 1.43 | 2.11 |
| ROE % · ROCE % | 2.0 · — | (3.5) · — | 1.5 · — | 2.7 · — | 3.8 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | — | 5 | 0 | 2 | 4 |
| Capex | — | (0) | (0) | (0) | (0) |
| ₹ crore | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 3 | 6 | 6 | 3 | 5 | 7 | 6 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0) |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.26 | 0.01 | 0.33 | 0.82 | 0.37 | 0.83 | 0.62 | 1.00 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 34,342 | 38.9 | 10.50 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,526 | 19.6 | 4.12 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,359 | — | 2.80 | 41.8 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 1,077 | — | 0.82 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 6 Sept 2026 · Newspaper ad published for notice of 42nd AGM | compliance | minimal | — | — |
| 5 Sept 2026 · SPA Capital Services 42nd AGM on Sept 30, 2026; notice and annual report filed | board shareholder meetings | low | — | — |
| 5 Sept 2026 · SPA Capital Services files 42nd Annual Report for FY 2025-26 | compliance | medium | — | — |
| 4 Sept 2026 · Book closure Sept 23 to 30, 2026 for 42nd AGM; record date Sept 23 | corporate actions | medium | — | — |
| 4 Sept 2026 · Board clears 42nd AGM notice, FY26 results and new Independent Director | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Company Secretary Vaishnavi Sharma resigns | management changes | medium | — | — |
| 14 Aug 2026 · SPA Capital files newspaper ad of Q1 FY26 results | compliance | minimal | — | — |
| 13 Aug 2026 · SPA Capital Q1 FY27: PAT jumps 5x to Rs 0.96 cr; auditor flags loan provisioning gaps | results | high | — | — |
| 13 Aug 2026 · SPA Capital Q1 FY27 Results: Net Profit Up 5x, Auditor Flags Loan Issues | results | high | — | — |
| 6 Aug 2026 · Board meeting on 13 Aug to consider Q1 FY27 results | results | low | — | — |
| 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 |
| PRIME SECURITIES LIMITED |
| 961 |
| 171.5 |
| 3.75 |
| 87.4 |
| 5.1 |
| — |
| 25.7 |
| 19.0 |
| WEALTH FRST PORT. MG. LTD | 900 | 27.3 | 5.29 | 17.3 | 22.5 | 30.3 | — | 97.5 |
| STELLANT SECURITIES (INDIA) LT | 559 | — | 1784.58 | — | 18.2 | 18.2 | — | 56.7 |
| THE INVEST TRUST OF IND L | 511 | 15.3 | 0.70 | 7.1 | 4.7 | 3.9 | (2.4) | 23.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 70.9 | 17.9 | 85 of 95 | 11% |
| P/B | 3.6 | 1.2 | 85 of 101 | 16% |
| ROE | 3.8 | 1.3 | 40 of 115 | 66% |
| Debt / Equity | 0.0 | 0.0 | 4 of 115 | 37% |
| EBITDA margin | (0.2) | 25.6 | 69 of 91 | 24% |
| Revenue growth | 9.2 | (4.1) | 36 of 85 | 58% |
| Profit growth | (19.5) | (0.2) | 61 of 109 | 44% |
| Market cap | 62 | 28 | 37 of 109 | 67% |
| 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.
