BSE: 538863
SRI AMARNATH FINANCE LIMITED
Operates as a non-banking financial company (NBFC) listed on BSE, generating revenue primarily from interest on loans extended to borrowers. In FY26, total revenue from operations stood at Rs. 593.90 lakhs, up 6.6% from Rs. 557.26 lakhs in FY25, with profit after tax of Rs. 295.78 lakhs. During the year, loans advanced grew by Rs. 697.69 lakhs, which pushed operating cash flow to negative Rs. -304.82 lakhs versus positive Rs. 517.52 lakhs in the prior year. The company simultaneously cut its borrowings from Rs. 250.96 lakhs down to Rs. 50 lakhs, with reserves reported at Rs. 6,901.63 lakhs. As an NBFC, the cost structure carries no material input costs; employee costs account for 17.7% of revenue and other operating expenses for 8.5%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income on loans. Small NBFC; lending operations funded primarily from internal reserves rather than borrowings
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5 | 5 | 5 | 6 | 6 |
| EBITDA (ex other income) | 4 | 4 | 4 | 4 | 4 |
| margin % | 78.1 | 73.7 | 76.8 | 76.9 | 73.8 |
| Owners' profit | 2 | 3 | 3 | 3 | 3 |
| EPS, as reported (₹) | 2.31 | 2.60 | 2.75 | 2.75 | 2.96 |
| ROE % · ROCE % | 3.4 · — | 3.7 · — | 3.8 · — | 4.1 · — | 3.7 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 13 | (9) | 16 | 5 | (3) |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 |
| Profit before tax | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net profit | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS (₹) | 0.78 | 0.85 | 0.87 | 0.59 | 0.74 | 0.80 | 0.72 | 0.71 |
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) | 2.6 | 18.1 | 11 of 200 | 95% |
| P/B | 0.1 | 1.1 | 6 of 253 | 98% |
| ROE | 3.7 | 3.1 | 117 of 257 | 55% |
| EBITDA margin | 72.1 | 48.6 | 75 of 249 | 70% |
| Revenue growth | 12.6 | 12.6 | 116 of 231 | 50% |
| Profit growth | 20.7 | 7.8 | 114 of 251 | 55% |
| Market cap | 8 | 34 | 232 of 268 | 14% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · RTA Compliance Certificate under Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 29 Sept 2026 · Sri Amarnath Finance Closes Trading Window Ahead of Q2 Results | compliance | minimal | — | — |
| 26 Sept 2026 · Sri Amarnath Finance 41st AGM: All 4 resolutions passed unanimously | compliance | minimal | — | — |
| 25 Sept 2026 · Sri Amarnath Finance holds 41st AGM, approves financial statements and key appointments | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Sri Amarnath Finance: 41st AGM notice published in newspapers | compliance | minimal | — | — |
| 5 Sept 2026 · AGM notice and annual report link sent to shareholders without registered emails | compliance | minimal | — | — |
| 3 Sept 2026 · Annual Report FY26: Revenue up 6.46%, PAT down 4.22% to Rs 2.95 Cr | results | medium | — | — |
| 3 Sept 2026 · Sri Amarnath Finance 41st AGM notice for FY25-26 | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · 41st AGM scheduled for 25 September 2026 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Secretarial auditor M/s Sumit Bajaj resigns effective 27 Aug 2026 | management changes | medium | — | — |
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 |
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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.