BSE: 539835
Superior Finlease Limited
Operates as an RBI-registered Non-Banking Financial Company (NBFC), engaged in lending and related financial services. The FY26 audited results show total income of about Rs 0.34 crore against total assets of Rs 51.45 crore, with financial assets making up roughly 99% of the balance sheet. The company's auditors (R.C. Agarwal & Co.) issued a modified opinion, flagging that revenue is recognised on a cash basis rather than accrual, and that provisions for Non-Performing Assets have not been created as required under RBI prudential norms for NBFCs. The filings also disclose that the company's bank account has been frozen by government authorities, and there are pending litigations with the Enforcement Directorate, SEBI and the Income Tax department, with tax demands raised for AY 2016-17 and AY 2019-20 under Section 147/144. In FY26, employee cost accounted for 50% of revenue, other operating expenses 24.2%, and depreciation 14%, with no materials cost and no capital expenditure. Shareholders have approved raising funds through a preferential issue of up to 15,64,159 equity shares at Rs 5 each (aggregating up to Rs 78.21 lakh), with about Rs 1.50 crore earmarked for developing software for the company's loan application platform. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Lending and related financial services. Small, distressed NBFC with litigation, frozen bank accounts and a modified audit opinion
Exhibit 1: Financial summary, FY20–FY20 (all audited; no estimate years)
| ₹ crore · consolidated | FY20 |
|---|---|
| Revenue | 1 |
| EBITDA (ex other income) | 0 |
| margin % | 25.7 |
| Owners' profit | 0 |
| EPS, as reported (₹) | 0.54 |
| ROE % · ROCE % | 5.4 · — |
| Debt / equity (x) | — |
| Cash from operations | — |
| Capex | — |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q4 FY20 | Q1 FY21 |
|---|---|---|
| Revenue | 0 | 0 |
| Profit before tax | (0) | 0 |
| Net profit | (0) | 0 |
| EPS (₹) | (0.12) | 0.54 |
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) | 3.5 | 18.1 | 16 of 200 | 93% |
| P/B | 2.5 | 1.1 | 197 of 253 | 22% |
| ROE | 5.4 | 3.1 | 100 of 257 | 61% |
| EBITDA margin | 68.3 | 48.6 | 90 of 249 | 64% |
| Market cap | 8 | 34 | 233 of 268 | 13% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 19 Oct 2026 · MSE trading symbol changed from SUPFIN to SUPERIOR | compliance | minimal | — | — |
| 13 Oct 2026 · Compliance certificate for share dematerialization filed for July September 2026 | compliance | minimal | — | — |
| 30 Sept 2026 · AGM for FY26 extended by 3 months to December 31, 2026 | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading Window Closure for Q2 FY26 Financial Results | compliance | minimal | — | — |
| 25 Sept 2026 · Registered office shifted within Najafgarh, effective 25 Sept 2026 | general | low | — | — |
| 16 Sept 2026 · Correction of clerical error in FY26 Financial Statements | results | medium | — | — |
| 8 Sept 2026 · Internal auditor re-appointed; statutory auditor to change; AGM extension sought | management changes | low | — | — |
| 8 Sept 2026 · AGM notice published; company to seek MCA extension for AGM FY25-26 | compliance | minimal | — | — |
| 8 Sept 2026 · Board approves new auditor, defers AGM, seeks MCA extension | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Board meeting on 08 Sept to consider auditor appointment and AGM matters | board shareholder meetings | low | — | — |
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.