BSE: 532131
TRIUMPH INTERNATIONAL FINANCE
Operates as a financial services company listed on BSE. Held a stock-broker registration which SEBI has cancelled, with NSE having declared the company a defaulter and the Supreme Court having dismissed its appeal. Current operating scale is very small — total income for FY26 was Rs 419.46 lakhs and net profit was Rs 390.90 lakhs, with most of that income appearing to be non-operating in nature. Total assets stand at Rs 170.13 crore against borrowings of Rs 11,428.59 lakhs and a negative net worth of Rs -6,409.62 lakhs. Receivables include Rs 67.09 crore from Classic Credit Limited classified as doubtful and Rs 3.56 crore from Panther Investrade tied up in DRT litigation. A Rs 46.76 crore Punjab National Bank loan remains in dispute, with interest not recognised in the books. Operating cash flow for FY26 was negative at Rs -390.94 lakhs, and the statutory auditor has flagged going-concern issues across recent quarters. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Total income. Non-bank financial services entity with negative net worth and going-concern flag from auditor
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (1) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | 0 | 2 | 3 | 0 | 0 |
| EPS, as reported (₹) | 2.73 | 3.17 | 4.39 | 4.89 | 5.21 |
| ROE % · ROCE % | (2.6) · 1.3 | (3.1) · 1.5 | (4.4) · 2.0 | (5.2) · 2.2 | (5.9) · 2.3 |
| Debt / equity (x) | (1.43) | (1.47) | (1.54) | (1.62) | (1.71) |
| Cash from operations | (2) | (2) | (3) | (4) | (4) |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 0 | 2 | 1 | 1 | 1 | 1 |
| Net profit | 1 | 1 | 0 | 2 | 1 | 1 | 1 | 1 |
| EPS (₹) | 1.10 | 2.34 | 0.58 | 2.03 | 1.31 | 1.41 | 2.62 | 1.18 |
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) | 2.5 | 19.0 | 8 of 76 | 91% |
| ROCE | 2.3 | 1.8 | 36 of 83 | 57% |
| Profit growth | (41.8) | (0.2) | 73 of 109 | 33% |
| Market cap | 12 | 26 | 81 of 113 | 29% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Standalone profit Rs 109 lakh, but review is qualified | results | high | — | — |
| 27 Oct 2026 · Sep 2026 results carry qualified review over going-concern uncertainty | results | high | — | — |
| 22 Oct 2026 · Board to approve September 2026 quarter results on 27 October 2026 | results | low | — | — |
| 6 Oct 2026 · Routine compliance certificate for Q2 FY27 share dematerialisation | compliance | minimal | — | — |
| 30 Sept 2026 · 40th AGM voting results: both resolutions passed with 99.99 percent majority | board shareholder meetings | low | — | — |
| 29 Sept 2026 · 40th AGM concluded; financials adopted and director re-appointed | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Response to BSE query on share price movement | regulatory legal | medium | — | — |
| 3 Sept 2026 · Notice of 40th Annual General Meeting published in newspapers | compliance | minimal | — | — |
| 2 Sept 2026 · Notice of 40th AGM and FY26 Annual Report distribution to shareholders | compliance | minimal | — | — |
| 2 Sept 2026 · Book Closure Notice for 40th AGM on September 29, 2026 | 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.