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
| ₹ 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) | 0.00 |
| Cash from operations | — |
| Capex | — |
| ₹ crore | Q4 FY20 | Q1 FY21 |
|---|---|---|
| Revenue | 0 | 0 |
| Profit before tax | (0) | 0 |
| Net profit | (0) | 0 |
| EPS (₹) | (0.12) | 0.54 |
| 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 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 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 | — | — |
| 14 Aug 2026 · Q1 FY27 Results: Loss of Rs 3.58L; Exchange Fine for Late Filing | compliance | minimal | — | — |
| 13 Aug 2026 · Board approves Apr-Jun 2026 results, faces SEBI fine | board shareholder meetings | low | — | — |
| 7 Aug 2026 · Board meeting on Aug 13 to consider Q1 FY27 results | results | low | — | — |
| 23 Jul 2026 · Voting Results: Preferential Equity Issue Resolution Passed | board shareholder meetings | low | — | — |
| 18 Jul 2026 · Newspaper notice for 48-hour e-voting window re-opening | compliance | minimal | — | — |
| 17 Jul 2026 · Corrigendum to EGM notice and reopening of e-voting for preferential issue | board shareholder meetings | 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 |
| 23.3 |
| 3.51 |
| 6.7 |
| 13.8 |
| — |
| — |
| 78.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 3.9 | 18.2 | 18 of 212 | 92% |
| P/B | 2.8 | 1.1 | 190 of 245 | 23% |
| ROE | 5.4 | 3.0 | 103 of 266 | 62% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 68.3 | 48.6 | 90 of 249 | 64% |
| Market cap | 8 | 37 | 225 of 260 | 14% |
| 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.
