BSE: 539026
SSPN Finance Limited
Operates as a small non-banking finance company (NBFC) and software services provider based in Mumbai. The lending arm has granted unsecured loans to four entities, as noted in the FY25 annual report. In FY26, revenue from operations was Rs 31.36 lakh (up about 3.3% year-on-year) and net profit was Rs 1.01 lakh. The balance sheet carried total assets of Rs 7.07 crore, short-term borrowings of Rs 2.56 crore, and trade receivables of Rs 55.30 lakh. Employee expenses were Rs 0.095 crore (30.3% of revenue) and other operating expenses Rs 0.114 crore (36.3% of revenue); no materials costs or capital expenditure were recorded. The board approved a proposal in July 2025 to rename the entity 'Finoviaa Limited', pending shareholder, ROC and stock exchange approvals. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. NBFC lending, Software services. Small, lending-led NBFC with a software services arm
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | 0.14 | 0.00 | 0.02 | 0.01 | 0.00 |
| ROE % · ROCE % | — · 1.6 | — · 0.0 | — · 2.5 | — · 2.6 | — · 2.4 |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (0) | 0 | (0) | (0) | (0) |
| Capex | — | — | — | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | (0) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | 0.05 | 0.00 | 0.00 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 |
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. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 33,999 | 38.5 | 10.39 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,509 | 19.5 | 4.10 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,234 | — | 2.54 | 37.9 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 969 | — | 0.74 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| PRIME SECURITIES LIMITED | 968 | 172.9 | 3.78 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 881 | 26.7 | 5.18 | 16.9 | 22.5 | 30.3 | — | 97.5 |
| REGENCY FINCORP LIMITED | 571 | 52.3 | 3.56 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 529 | — | 1687.57 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 290.0 | 19.0 | 73 of 76 | 4% |
| ROCE | 0.3 | 1.8 | 57 of 83 | 32% |
| Revenue growth | (43.1) | (4.1) | 63 of 85 | 26% |
| Market cap | 3 | 26 | 107 of 113 | 5% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Board meeting on Oct 15 to consider name change and revised objects | general | low | — | — |
| 1 Oct 2026 · SSPN Finance AGM 2026: All 3 resolutions passed with 100% approval | compliance | minimal | — | — |
| 1 Oct 2026 · SSPN Finance holds 13th AGM, approves accounts and director re-appointments | board shareholder meetings | low | — | — |
| 7 Sept 2026 · SSPN Finance fixes 13th AGM on September 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 7 Sept 2026 · SSPN Finance files FY2026 annual report and announces AGM | results | high | — | — |
| 7 Sept 2026 · Board approves FY26 annual report, fixes AGM on 30 Sep 2026 | board shareholder meetings | low | — | — |
| 31 Aug 2026 · SSPN Finance Board Meeting on 7 Sept 2026 to Approve Annual Report | board shareholder meetings | low | — | — |
| 13 Jul 2026 · RTA certificate under SEBI Reg 74(5) for Q1 FY27 | compliance | minimal | — | — |
| 30 May 2026 · PFA as captioned | results | high | — | — |
| 30 May 2026 · Please find attached as captioned | results | 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.