NSE: TEAMGTY · BSE: 511559
TEAM INDIA GUARANTY LTD
Operates as a small non-banking financial company (NBFC) listed on NSE and BSE, earning almost entirely through interest income on loans. In FY26, total income was Rs 549.50 Lakhs, of which interest income was Rs 469.65 Lakhs, up from Rs 331.82 Lakhs in FY25. The company disbursed Rs 3,799.68 Lakhs of loans during the year, which pushed operating cash flow to a deeply negative Rs (3,699) Lakhs. Net profit fell 69% to Rs 71.67 Lakhs as employee costs jumped from Rs 10.05 Lakhs to Rs 179.48 Lakhs and other expenses came in at Rs 205.70 Lakhs. Total assets stood at Rs 49.53 crore while net worth was negative at Rs (1,853.15) Lakhs; gross and net NPAs were both nil. Q4 FY26 alone posted a loss of Rs 68.57 Lakhs. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income on loans, Other income. Small, lending-focused NBFC with negative net worth and a single quarter loss in Q4 FY26.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3 | 2 | 3 | 4 | 5 |
| EBITDA (ex other income) | 2 | 1 | 2 | 3 | 1 |
| margin % | 74.0 | 53.8 | 72.6 | 74.8 | 25.2 |
| Owners' profit | 2 | 1 | 2 | 2 | 1 |
| EPS, as reported (₹) | 1.77 | 1.05 | 1.98 | 2.60 | 0.85 |
| ROE % · ROCE % | 3.7 · — | 2.1 · — | 3.9 · — | 4.9 · — | 1.5 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 4 | 9 | (1) | (1) | (37) |
| Capex | 0 | 0 | 0 | 0 | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | 1 | 1 | 1 | 1 | 1 | 0 | (1) | 1 |
| Net profit | 0 | 1 | 1 | 1 | 1 | 0 | (1) | 1 |
| EPS (₹) | 0.55 | 0.64 | 0.79 | 0.62 | 0.74 | 0.19 | (0.71) | 1.04 |
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. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,35,496 | 63.7 | 1.01 | — | 1.2 | — | — | 70.7 |
| ADITYA BIRLA CAPITAL LTD. | 97,598 | 22.8 | 2.65 | — | 10.5 | — | 18.8 | 40.8 |
| L&T FINANCE LIMITED | 61,858 | 19.4 | 2.21 | — | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD | 28,442 | 66.0 | 0.97 | — | 1.5 | — | 19.5 | 92.6 |
| CHOLAMANDALAM FIN HOL LTD | 24,545 | 9.2 | 0.72 | — | 16.2 | — | 23.0 | 58.4 |
| TVS HOLDINGS LIMITED | 23,883 | 12.1 | 1.85 | — | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD | 13,373 | 48.0 | 0.48 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED | 12,440 | 90.6 | 0.38 | — | 0.4 | — | 14.1 | 84.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 184.1 | 19.9 | 50 of 51 | 2% |
| P/B | 4.3 | 0.6 | 59 of 63 | 7% |
| ROE | 1.5 | 1.3 | 31 of 65 | 53% |
| EBITDA margin | 26.8 | 61.6 | 42 of 62 | 33% |
| Revenue growth | 124.5 | 13.6 | 12 of 56 | 80% |
| Profit growth | 68.1 | 10.7 | 22 of 66 | 68% |
| Market cap | 209 | 273 | 37 of 68 | 46% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Newspaper notice published for postal ballot and remote e-voting | compliance | minimal | — | — |
| 27 Oct 2026 · Postal ballot on promoter-backed guarantees for company borrowings | compliance | minimal | — | — |
| 23 Oct 2026 · September share capital audit shows no change; 24,900 shares forfeited | compliance | minimal | — | — |
| 21 Oct 2026 · Board clears borrowing guarantees and seeks shareholder approval | board shareholder meetings | low | — | — |
| 13 Oct 2026 · Team India Guaranty: Independent Director Sreedevi Pillai resigns | management changes | medium | — | — |
| 13 Oct 2026 · Routine compliance certificate on share dematerialisation filed with exchanges | compliance | minimal | — | — |
| 24 Sept 2026 · Trading Window closed from Oct 1 ahead of Q2 FY27 results | compliance | minimal | — | — |
| 23 Sept 2026 · Independent Director Mrs Sreedevi Pillai resigns from the Board | management changes | medium | — | — |
| 22 Sept 2026 · 36th AGM voting results: All 6 resolutions passed | board shareholder meetings | low | — | — |
| 21 Sept 2026 · 36th AGM held via video conferencing; six resolutions moved including related party deals | 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.