Operates as a non-banking financial company providing loans and financing activities from its base in Udaipur, Rajasthan, and is listed on the BSE SME platform (formerly known as S R G Securities Finance Limited). The business earns primarily through interest income on its loan book, which stood at Rs. 781.85 lakh at the end of FY 2024-25, up about 9% from Rs. 717.25 lakh the year before, while long-term financing receivables were Rs. 537.30 lakh by H1 FY 2025-26. Total income for FY 2025-26 was Rs. 120.48 lakh, compared to Rs. 130.32 lakh in FY 2024-25, with net profit after tax of Rs. 21.39 lakh and EPS of Rs. 0.40. The cost base is dominated by employee costs at 50.9% of revenue and other operating expenses at 25.8%, reflecting a small, staff-heavy operation rather than a typical large NBFC. The balance sheet is funded entirely by equity — total shareholder funds of Rs. 1,491.27 lakh, reserves and surplus of Rs. 953.73 lakh, cash and bank balances of Rs. 275.95 lakh, and no outstanding bank borrowings. The statutory auditors (Valawat & Associates) have issued an unmodified opinion on the financial statements. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Loans and financing. Small, equity-funded NBFC on BSE SME, exempt from IND-AS
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2 | 2 | 1 | 1 | 1 |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | 0.73 | 0.97 | 0.88 | 0.65 | 0.40 |
| ROE % · ROCE % | — · 5.9 | — · 4.9 | — · 4.3 | — · 3.1 | — · 1.9 |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (1) | 3 | 1 | (0) | 1 |
| Capex | — | — | — | 0 | 0 |
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | 0.44 | 0.17 | 0.36 | 0.52 | 0.33 | 0.32 | 0.28 | 0.12 |
| 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 · AGM notice published in newspapers; 31st AGM on 30 Sep 2026 | compliance | minimal | — | — |
| 7 Sept 2026 · 31st AGM Notice and Annual Report FY 2025-26 filed | board shareholder meetings | low | — | — |
| 7 Sept 2026 · 31st AGM on Sep 30, 2026 with FY2025-26 Annual Report | board shareholder meetings | low | — | — |
| 14 Jul 2026 · Routine compliance certificate for Q1 FY27 dematerialisation | compliance | minimal | — | — |
| 23 Jun 2026 · EGM approves re-appointment of Independent Director Dilip Kumar Singhvi | board shareholder meetings | low | — | — |
| 22 Jun 2026 · SRG Fingrow Finance submits EGM outcome for 22 June 2026 | board shareholder meetings | low | — | — |
| 29 May 2026 · Newspaper Publication with regards to EGM Notice | compliance | minimal | — | — |
| 28 May 2026 · Extra-Ordinary General Meeting to be held on 22nd June 2026, Please find attached EGM Notice in this regard. | board shareholder meetings | low | — | — |
| 27 May 2026 · Outcome of Board Meeting for financial results for Half Year and year ended March 31, 2026 | results | high | — | — |
| 27 May 2026 · Audited Financial Results for the Half year and Year ended 31st March 2026 | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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) | 31.9 | 18.2 | 153 of 212 | 28% |
| ROCE | 1.9 | 2.1 | 35 of 63 | 45% |
| Revenue growth | (20.9) | 12.6 | 168 of 231 | 27% |
| Market cap | 18 | 37 | 172 of 260 | 34% |
| 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 |
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.
