BSE: 531051
VINTAGE SECURITIES LTD.
Operates as a Non-Banking Financial Company (NBFC) based in Kolkata and listed on BSE (Scrip Code 531051). Revenue from operations is described in filings as mainly interest income, totalling Rs 19.12 Lakhs in FY26 standalone, up from Rs 12.72 Lakhs in FY25. The larger contributor to comprehensive income is an investment portfolio, which generated other comprehensive income of Rs 426.86 Lakhs in H1 FY26 (vs Rs 307.79 Lakhs in H1 FY25) from fair-value movements; the investment book stood at Rs 2,145.87 Lakhs at end-September 2025 and other equity was Rs 1,425 Lakhs. Standalone net profit for FY26 was Rs 12.38 Lakhs versus Rs 1.79 Lakhs in FY25, with EPS of Rs 0.33, though cash flow from operations was marginally negative at Rs (0.26) Lakhs. Total assets were Rs 1,606.91 Lakhs in FY26 with long-term borrowings of nil and no credit rating, indicating a very small, unleveraged NBFC. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income from operations, Fair-value gains on investment portfolio. Very small, unleveraged NBFC with revenue almost entirely from interest income and a sizable investment book driving mark-to-market gains.
Exhibit 1: Financial summary, FY21–FY21 (all audited; no estimate years)
| ₹ crore · consolidated | FY21 |
|---|---|
| Revenue | 0 |
| EBITDA (ex other income) | (0) |
| margin % | (61800.0) |
| Owners' profit | 0 |
| EPS, as reported (₹) | 0.00 |
| ROE % · ROCE % | 0.0 · — |
| Debt / equity (x) | — |
| Cash from operations | (0) |
| Capex | 0 |
Exhibit 2: Quarterly performance, last 7 quarters
| ₹ crore | Q1 FY21 | Q2 FY21 | Q3 FY21 | Q4 FY21 | Q1 FY22 | Q2 FY22 | Q3 FY22 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | 0 | (0) | 0 | 0 |
| Net profit | 1 | (0) | (0) | 0 | (0) | 0 | 0 |
| EPS (₹) | (0.01) | (0.02) | (0.01) | 0.03 | (0.03) | 0.01 | 0.01 |
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) | 650.0 | 18.1 | 200 of 200 | 0% |
| P/B | 0.4 | 1.1 | 43 of 253 | 83% |
| ROE | (0.1) | 3.1 | 198 of 257 | 23% |
| Profit growth | 278.6 | 7.8 | 31 of 251 | 88% |
| Market cap | 5 | 34 | 250 of 268 | 7% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Quarterly RTA compliance certificate under SEBI Regulation 74(5) for Sep 2026 | compliance | minimal | — | — |
| 29 Sept 2026 · AGM 2026 results: Both resolutions passed with 99.99% approval | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Vintage Securities 32nd AGM held on Sept 29; voting results awaited | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 for Q2 results | compliance | minimal | — | — |
| 5 Sept 2026 · 32nd AGM notice and annual report dispatched; meeting on 29 September | compliance | minimal | — | — |
| 4 Sept 2026 · Physical letters sent to shareholders for 32nd AGM notice and annual report | compliance | minimal | — | — |
| 4 Sept 2026 · 32nd AGM on Sep 29, 2026; Book Closure Sep 23 to 29 | board shareholder meetings | low | — | — |
| 4 Sept 2026 · FY2025-26 annual report sets AGM voting and shows higher profit | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · Notice of 32nd AGM on 29 September 2026 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Special Window Open for Re-lodgement and Dematerialisation of Physical Shares | compliance | minimal | — | — |
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.