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Dossier · UNITED CREDIT LTD. · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
UNITED CREDIT LTD. BSE: 531091
Financial Services › Financial Services › Finance › Non Banking Financial Company (NBFC)
UNITED CREDIT LTD.
StateQ1 FY27 filed
Last close · 27 Oct 2026₹20.00
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA13.3 · 0.36 · —
Operates as a non-banking financial company earning most of its income from financing activity, with a secondary renting line alongside. In FY26, financing activity contributed ₹2.5271 crore (81.3% of segment revenue) and renting activity added ₹0.5794 crore (18.7%); the Q3 FY26 results commentary notes that interest income from the financing book is the main revenue driver. The financing segment runs at a 98.4% EBIT margin, while renting is much thinner at 8.8%. The company carries no reported debt (debt-to-equity 0.0) and held ₹31.56 crore in total assets at FY26 year-end. Employee cost of ₹0.7405 crore (23.8% of revenue) and other operating expenses of ₹1.2349 crore (39.8% of revenue) are the main cost lines; capex was ₹0.2796 crore (9.0% of revenue). Listed on BSE (scrip code 531091) and headquartered in Kolkata. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Financing Activity (81%), Renting Activity (19%). Small, debt-light NBFC with a dominant financing segment and a smaller renting line.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
₹ crore · standalone
FY22
FY23
FY24
FY25
FY26
Revenue
3
3
3
3
3
EBITDA (ex other income)
1
1
1
1
1
margin %
41.8
31.1
42.5
31.2
35.9
Owners' profit
1
1
2
1
1
EPS, as reported (₹)
1.42
1.36
3.07
1.90
1.61
ROE % · ROCE %
2.8 · —
2.6 · —
5.6 · —
3.4 · —
2.8 · —
Debt / equity (x)
—
—
—
—
—
Cash from operations
0
0
1
(0)
(0)
Capex
(0)
(0)
(0)
(0)
(0)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · UNITED CREDIT LTD. · 29 October 2026Page 2 of 3
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
1
1
Profit before tax
1
0
(0)
0
0
0
0
0
Net profit
0
0
0
0
0
0
0
0
EPS (₹)
0.81
0.51
0.09
0.47
0.43
0.30
0.41
0.36
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
Segment
Revenue, ₹ crore
Share %
FINANCING ACTIVITY
1
42.4
RENTING ACTIVITY
0
8.9
Financing Activity
1
39.7
Renting Activity
0
8.9
Total, before eliminations
3
100.0
Source: the filed segment block, four quarters summed.
Exhibit 4: 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
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
13.3
18.1
82 of 200
59%
P/B
0.4
1.1
34 of 253
87%
ROE
2.8
3.1
134 of 257
48%
EBITDA margin
36.1
48.6
139 of 249
44%
Revenue growth
5.0
12.6
128 of 231
45%
Profit growth
(22.5)
7.8
143 of 251
43%
Market cap
11
34
209 of 268
22%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · UNITED CREDIT LTD. · 29 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
7 Oct 2026 · Quarterly compliance certificate under SEBI Reg 74(5) for Sep 2026 quarter
compliance
minimal
—
—
28 Sept 2026 · United Credit 55th AGM - Both Resolutions Passed Unanimously
board shareholder meetings
low
—
—
28 Sept 2026 · Trading window closed from Oct 1 until 48 hours after Q2 FY27 results
compliance
minimal
—
—
28 Sept 2026 · Summary of 55th AGM proceedings of United Credit Limited
board shareholder meetings
low
—
—
5 Sept 2026 · United Credit 55th AGM Notice and FY2025-26 Annual Report filed with BSE
board shareholder meetings
low
—
—
4 Sept 2026 · Notice of 55th AGM and e-voting information
compliance
minimal
—
—
3 Sept 2026 · United Credit 55th AGM notice and FY26 annual report submitted
board shareholder meetings
low
—
—
18 Aug 2026 · Newspaper publication on SEBI special window for physical share transfers
compliance
minimal
—
—
11 Aug 2026 · 55th AGM of United Credit Ltd set for Sep 28, 2026 via video conferencing
compliance
minimal
—
—
11 Aug 2026 · United Credit publishes Q1 FY27 results in newspapers
compliance
minimal
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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A rating (BUY / ADD / REDUCE / SELL)
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a target is a forecast; a multiple is a measurement
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More audited years; no estimates
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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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
