Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 17 | 21 | 19 | 39 | 18 | 37 | 22 | 22 | 9 | 2 | 34 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 6 | 14 | 17 | 14 | 28 | 16 | 36 | 13 | 21 | 7 | 10 | 14 |
| Financing Profit | 3 | 3 | 3 | 6 | 12 | 2 | -0 | 9 | 1 | 1 | -8 | 21 |
| Financing Margin % | 33% | 18% | 16% | 29% | 30% | 10% | -0% | 41% | 4% | 13% | -329% | 60% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 3 | 3 | 6 | 12 | 2 | 0 | 11 | 1 | 1 | -8 | 21 |
| Tax % | 17% | 18% | 16% | 21% | 20% | 0% | 34% | 30% | 0% | 28% | -22% | 22% |
| Net Profit | 3 | 2 | 3 | 4 | 9 | 2 | 0 | 8 | 1 | 1 | -6 | 16 |
| EPS in Rs | 1.73 | 1.64 | 1.81 | 2.96 | 4.68 | 0.88 | 0.15 | 3.83 | 0.47 | 0.42 | -2.84 | 7.33 |
| Gross NPA % | ||||||||||||
| Net NPA % |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 13 | 40 | 26 | 23 | 28 | 38 | 33 | 58 | 113 | 54 | 68 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Expenses | 14 | 13 | 36 | 24 | 27 | 19 | 27 | 32 | 45 | 93 | 49 | 52 |
| Financing Profit | 0 | 1 | 4 | 1 | -4 | 10 | 11 | 1 | 13 | 19 | 3 | 15 |
| Financing Margin % | 2% | 5% | 10% | 5% | -18% | 34% | 28% | 3% | 23% | 17% | 6% | 22% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 1 | 4 | 1 | -4 | 10 | 11 | 1 | 13 | 20 | 5 | 15 |
| Tax % | 0% | 18% | 20% | 9% | 0% | 5% | 13% | 43% | 15% | 19% | 36% | |
| Net Profit | 0 | 1 | 3 | 1 | -4 | 9 | 9 | 0 | 11 | 16 | 3 | 12 |
| EPS in Rs | 0.13 | 0.34 | 2.01 | 0.76 | -2.68 | 5.99 | 6.16 | 0.33 | 7.43 | 7.95 | 1.47 | 5.38 |
| Dividend Payout % | 0% | 0% | 25% | 0% | 0% | 0% | 8% | 152% | 7% | 6% | 34% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 14% | 14% | 18% | -42% | ||
| Compounded Profit Growth | 13% | -41% | 9% | -39% | ||
| Stock Price CAGR | 7% | 16% | 15% | -31% | ||
| Return on Equity | 11% | 12% | 12% | 1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 20 | 22 |
| Reserves | 6 | 6 | 7 | 10 | 9 | 5 | 14 | 22 | 22 | 33 | 85 | 95 |
| Borrowing | 4 | 0 | 1 | 5 | 1 | 3 | 4 | 2 | 2 | 3 | 0 | 5 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 1 |
| Total Liabilities | 25 | 22 | 23 | 30 | 24 | 22 | 33 | 39 | 42 | 52 | 107 | 123 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 5 | 13 |
| Investments | 2 | 2 | 2 | 5 | 7 | 6 | 11 | 3 | 12 | 14 | 32 | 31 |
| Other Assets | 23 | 20 | 21 | 25 | 17 | 16 | 22 | 36 | 30 | 32 | 70 | 79 |
| Total Assets | 25 | 22 | 23 | 30 | 24 | 22 | 33 | 39 | 42 | 52 | 107 | 123 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -3 | -2 | 6 | 4 | -4 | 4 | 2 | -15 | 10 | -2 | -27 | -15 |
| Cash from Investing Activity | -0 | 0 | 0 | -3 | -3 | -2 | 3 | 18 | -9 | 1 | -15 | 12 |
| Cash from Financing Activity | 0 | 0 | -0 | -0 | -1 | 0 | 0 | -1 | -1 | -1 | 41 | 9 |
| Net Cash Flow | -3 | -2 | 6 | 2 | -8 | 2 | 5 | 3 | 0 | -2 | -1 | 6 |
| Free Cash Flow | -3 | -2 | 6 | 5 | -4 | 4 | 2 | -15 | 10 | -9 | -25 | -21 |
| CFO/OP | -1,290% | -466% | 847% | 125% | -258% | -93% | 20% | -138% | 915% | -7% | -119% | -285% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 1% | 1% | 2% | 13% | 5% | -19% | 37% | 28% | 1% | 27% | 20% | 1% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 54.40% | 57.15% | 59.01% | 59.01% | 50.62% | 50.62% | 50.62% | 50.62% | 50.62% | 50.62% | 54.56% | 54.56% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 45.59% | 42.85% | 40.97% | 40.98% | 49.37% | 49.37% | 49.36% | 49.37% | 49.37% | 49.37% | 45.44% | 45.43% |
| No. of Shareholders | 4,025 | 4,059 | 4,700 | 4,560 | 4,064 | 4,531 | 4,522 | 4,720 | 4,905 | 4,882 | 3,956 | 3,886 |
Fundamentals
Market Cap₹ 130 Cr.
Current Price₹ 59.3
Stock P/E11.2
Book Value₹ 53.4
ROCE3.76 %
ROE0.59 %
Dividend Yield0.84 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-42%
Compounded Profit Growth (TTM)-39%
Standalone figures.
Valuation
Market capRs 135 Cr
Enterprise valueRs 122 Cr
P/E (TTM)11.62x
Price to book1.15x
Price to sales2.00x
EV / EBITDA7.80x
EV / EBIT7.82x
EV / sales1.80x
Earnings yield8.61%
Dividend yield0.81%
P/E, 3-year average18.46x
P/B, 3-year average1.38x
P/E, 5-year average32.64x
P/B, 5-year average1.46x
Profitability
Operating margin (excl. other income)7.99%
Operating margin (incl. other income)11.17%
EBITDA margin23.11%
Pre-tax margin21.66%
Net profit margin17.18%
Net margin, latest quarter46.69%
ROE2.91%
ROCE5.25%
ROA2.81%
ROE, 3-year average16.78%
ROCE, 3-year average20.28%
ROA, 3-year average15.55%
ROE, 5-year average15.97%
ROCE, 5-year average18.74%
ROA, 5-year average14.74%
ROIC (approx.)9.65%
Tax rate35.60%
Other income / net worth1.45%
Growth
Sales growth (latest year)-52.68%
Profit growth (latest year)-79.75%
Sales CAGR, 3 years17.94%
Sales CAGR, 5 years13.61%
Profit CAGR, 3 years86.24%
Profit CAGR, 5 years-18.68%
Sales growth QoQ1315.64%
Sales growth YoY (latest quarter)52.96%
Profit growth YoY (latest quarter)109.11%
Per share
EPS (TTM)Rs 5.30
EPS (latest year)Rs 1.47
EPS (latest quarter)Rs 7.33
EPS, 3-year averageRs 5.62
EPS, 5-year averageRs 4.67
Book value per shareRs 53.45
Sales per shareRs 30.86
Cash flow per shareRs -6.77
Free cash flow per shareRs -9.58
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.50
Dividends
Dividend payout34.06%
Dividend payout, 3-year average15.69%
Dividend payout, 5-year average41.44%
Efficiency
Asset turnover0.44x
Fixed asset turnover411.92x
Inventory turnover1.36x
Inventory days267 days
Debtor days1 days
Debtors turnover315.00x
Leverage
Total debtRs 5 Cr
Cash and bankRs 18 Cr
Net debtRs -13 Cr
Debt to equity0.04x
Net debt / EBITDA-0.84x
Interest coverage16.59x
Owners' fund to total sources95.38%
Debt to assets3.75%
Cash flow
Cash from Operating Activity (latest year)Rs -15 Cr
Cash from Investing Activity (latest year)Rs 12 Cr
Cash from Financing Activity (latest year)Rs 9 Cr
Net Cash Flow (latest year)Rs 6 Cr
Free cash flow (latest year)Rs -21 Cr
FCFE (approx.: FCF + change in debt)Rs -17 Cr
Cash from ops / profit, 5 years-1.26x
Statement figures
Net sales (TTM)Rs 68 Cr
Net sales (latest year)Rs 54 Cr
Sales (latest quarter)Rs 34 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Operating profit (latest quarter)Rs 21 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 16 Cr
PBDT (TTM)Rs 15 Cr
Profit before tax (TTM)Rs 15 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 12 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 16 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 47 Cr
Total expenditure (latest year)Rs 49 Cr
Total income (latest year)Rs 55 Cr
Share capitalRs 22 Cr
ReservesRs 95 Cr
Shareholders' fundsRs 117 Cr
Total assetsRs 123 Cr
Net blockRs 0 Cr
Capital work in progressRs 13 Cr
InvestmentsRs 31 Cr
ReceivablesRs 0 Cr
InventoryRs 35 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)2.19
Ownership
Promoter holding54.56% (+3.94 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 11.6 is at the 28th percentile of its own 8.4-year range
(median 18.5, low 6.8, high 350.5).
P/B 1.15 is at the 5th percentile (median 2.32).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 531390 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.2% | -2.8% | +2.6 pts |
| 1 month | -9.1% | -6.8% | -2.4 pts |
| 3 months | +0.1% | -7.6% | +7.7 pts |
| 3 years | +56.5% | +14.2% | +42.3 pts |
| 5 years | +115.7% | +27.9% | +87.8 pts |
Red flags
F-score 1 of 8| explain | Weak cash conversion Cash from operations was -146% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 15% of total assets in 2026 |
| explain | Share dilution Share count up 9% in a year, 44% in three |
| explain | Debt up, profit down Borrowings up 2326% while net profit fell in 2026 |
| look | Inventory outrunning sales Inventory grew 62% vs sales -53% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Revenue ₹34 Cr +54.5% vs Jun 2025.
Net profit ₹16 Cr +100.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Bajaj Finance Ltd | 606,283 | 29.6 | 10.9 % |
| Shriram Finance Ltd | 228,598 | 20.2 | 11.5 % |
| Tata Capital Ltd | 140,654 | 25.9 | 8.58 % |
| Cholamandalam Investment & Finance Company Ltd | 139,031 | 24.2 | 9.71 % |
| Muthoot Finance Ltd | 109,874 | 9.66 | 15.8 % |
| L&T Finance Ltd | 67,935 | 21.2 | 8.40 % |
| SBI Cards & Payment Services Ltd | 55,290 | 24.3 | 10.1 % |
| HDB Financial Services Ltd | 52,415 | 19.0 | 9.09 % |
| Sundaram Finance Ltd | 48,161 | 21.2 | 9.44 % |
| Authum Investment & Infrastructure Ltd | 46,011 | 22.0 | 13.6 % |
| Mahindra & Mahindra Financial Services Ltd | 45,035 | 13.5 | 8.72 % |
| Poonawalla Fincorp Ltd | 39,011 | 49.6 | 7.51 % |
| Manappuram Finance Ltd | 29,725 | 20.5 | 8.25 % |
| IIFL Finance Ltd | 25,929 | 12.3 | 10.9 % |
| Capri Global Capital Ltd | 23,756 | 21.1 | 11.7 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Upsurge Investment & Finance Ltd?
Upsurge Investment & Finance Ltd (531390) has a market capitalisation of Rs 130 Cr. at the 2026-10-01 close.
What is the P/E ratio of Upsurge Investment & Finance Ltd?
Upsurge Investment & Finance Ltd trades at a P/E of 11.2 on trailing twelve-month profit, at the 2026-10-01 close.
What were Upsurge Investment & Finance Ltd's latest quarterly results?
In the Jun 2026 quarter, Upsurge Investment & Finance Ltd revenue was Rs 34 Cr (+54.5% vs Jun 2025) and net profit was Rs 16 Cr.