BSE: 509038
VOLTAIRE LEASING & FINANCE LTD
Operates as a non-banking financial company in a single segment, Finance & Investments, and does not hold an RBI registration as an NBFC, a point flagged by the statutory auditor. The main disclosed activity is giving advances for share acquisitions, with Rs 1,251.62 lakhs of such advances remaining long-pending and unsettled. The company also has loans and advances on its books, but auditors noted interest income on certain loans could not be recognised because amounts could not be crystallised from the parties concerned. Revenue from operations fell to Rs 68.55 lakhs in FY26 from Rs 159.30 lakhs in FY25, a 57% decline, while the company returned a marginal net profit of Rs 0.51 lakhs against a prior-year loss of Rs 8.65 lakhs. Operating cash flow was negative at Rs 8.02 lakhs and the auditor also flagged unverified balances of trade receivables, payables and loans. Employee cost is 35.6% of revenue and other operating expenses 72.8% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Finance & Investments. Small, thinly capitalised NBFC with long-pending share-acquisition advances and minimal operating cash flow
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 2 | 1 |
| EBITDA (ex other income) | 0 | 0 | (0) | (0) | (0) |
| margin % | 23.0 | 34.2 | (23.8) | (11.7) | (8.5) |
| Owners' profit | 0 | 0 | (0) | (0) | 0 |
| EPS, as reported (₹) | 0.53 | 0.47 | (0.48) | (0.21) | 0.01 |
| ROE % · ROCE % | 1.1 · 1.5 | 1.0 · 1.3 | (1.0) · (1.0) | (0.5) · (0.4) | 0.0 · 0.0 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | (5) | 0 | (2) | (0) |
| 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 | 1 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | (0) | (0) | 0 | (0) | (0) | (0) |
| Net profit | 0 | 0 | (0) | (0) | 0 | (0) | (0) | (0) |
| EPS (₹) | 0.53 | 0.52 | (0.35) | (1.01) | 0.31 | (0.02) | (0.07) | (0.22) |
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/B | 0.5 | 1.1 | 57 of 253 | 77% |
| ROCE | 0.0 | 2.0 | 44 of 59 | 26% |
| ROE | 0.0 | 3.1 | 195 of 257 | 24% |
| Debt / Equity | 0.0 | 0.0 | 1 of 53 | 58% |
| EBITDA margin | (62.4) | 48.6 | 209 of 249 | 16% |
| Revenue growth | 11.0 | 12.6 | 119 of 231 | 49% |
| Profit growth | 78.6 | 7.8 | 71 of 251 | 72% |
| Market cap | 9 | 34 | 221 of 268 | 18% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Board meeting on Nov 3, 2026 to consider Q2FY27 results | results | low | — | — |
| 9 Oct 2026 · RTA compliance certificate for quarter ended Sept 2026 | compliance | minimal | — | — |
| 9 Oct 2026 · Non-applicability of Regulation 57(5) for QE Sept 30, 2026 | compliance | minimal | — | — |
| 29 Sept 2026 · Declaration: Non-Applicability of Reg 57(4) for QE Dec 2026 | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closure from Oct 1 for Q2 results | compliance | minimal | — | — |
| 4 Sept 2026 · Voltaire Leasing sets 42nd AGM for September 24 | compliance | minimal | — | — |
| 3 Sept 2026 · Annual Report 2025-26 and 42nd AGM Notice submitted to BSE | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Book closure for AGM from 18 Sept to 24 Sept 2026 | compliance | minimal | — | — |
| 7 Aug 2026 · Voltaire Leasing Q1FY27 results: revenue up 23%, profit dips YoY | compliance | minimal | — | — |
| 6 Aug 2026 · Voltaire Leasing Q1FY27 PAT at Rs 11.31 lakh; auditor notes loan issue | results | high | — | — |
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.