Price
Financials
Consolidated, 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 | 3.24 | 3.42 | 3.89 | 4.39 | 5.00 | 5.72 | 6.45 | 6.71 | 6.90 | 7.80 | 9.75 | 9.44 |
| Interest | 0.26 | 0.44 | 0.50 | 0.66 | 0.76 | 0.77 | 0.72 | 0.68 | 0.61 | 0.69 | 0.71 | 0.82 |
| Expenses | 1.73 | 1.40 | 1.83 | 1.45 | 1.50 | 1.66 | 2.08 | 1.80 | 1.48 | 1.77 | 2.94 | 2.02 |
| Financing Profit | 1.25 | 1.58 | 1.56 | 2.28 | 2.74 | 3.29 | 3.65 | 4.23 | 4.81 | 5.34 | 6.10 | 6.60 |
| Financing Margin % | 38.58% | 46.20% | 40.10% | 51.94% | 54.80% | 57.52% | 56.59% | 63.04% | 69.71% | 68.46% | 62.56% | 69.92% |
| Other Income | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.02 | 0.03 | 0.03 | 0.00 | 0.00 | 0.01 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 0.17 | 0.07 |
| Profit before tax | 1.27 | 1.59 | 1.52 | 2.29 | 2.75 | 3.31 | 3.60 | 4.26 | 4.81 | 5.34 | 5.94 | 6.53 |
| Tax % | 25.20% | 25.79% | 25.00% | 25.33% | 25.09% | 25.08% | 26.39% | 25.12% | 25.16% | 25.09% | 26.77% | 25.42% |
| Net Profit | 0.95 | 1.19 | 1.13 | 1.71 | 2.05 | 2.48 | 2.65 | 3.19 | 3.60 | 4.00 | 4.35 | 4.88 |
| EPS in Rs | 0.32 | 0.39 | 0.37 | 0.57 | 0.63 | 0.73 | 0.74 | 0.92 | 1.04 | 1.11 | 1.17 | 1.33 |
| 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 | 1 | 2 | 4 | 7 | 8 | 5 | 8 | 12 | 13 | 22 | 31 | 34 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 3 | 3 |
| Expenses | 1 | 1 | 4 | 5 | 6 | 3 | 5 | 6 | 6 | 6 | 8 | 8 |
| Financing Profit | 0 | 0 | 1 | 2 | 2 | 2 | 3 | 5 | 6 | 12 | 20 | 23 |
| Financing Margin % | 21% | 17% | 18% | 24% | 21% | 36% | 40% | 41% | 42% | 56% | 66% | 67% |
| Other Income | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 1 | 2 | 2 | 2 | 3 | 5 | 6 | 12 | 20 | 23 |
| Tax % | 31% | 29% | 26% | 28% | 21% | 26% | 26% | 25% | 26% | 25% | 26% | |
| Net Profit | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 9 | 15 | 17 |
| EPS in Rs | 0.03 | 0.07 | 0.19 | 0.41 | 0.44 | 0.48 | 0.85 | 1.15 | 1.37 | 2.62 | 4.19 | 4.65 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 18% | 6% | 12% | 9% | 7% | 6% | 2% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 45% | 42% | 39% | 42% | ||
| Compounded Profit Growth | 64% | 60% | 60% | 57% | ||
| Stock Price CAGR | 15% | 28% | 49% | -18% | ||
| Return on Equity | 12% | 13% | 14% | 16% |
| 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 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 29 | 30 | 30 | 35 | 35 |
| Reserves | 0 | 0 | 1 | 2 | 5 | 6 | 7 | 9 | 13 | 17 | 50 | 62 |
| Borrowing | 0 | 0 | 0 | 1 | 1 | 3 | 3 | 5 | 5 | 15 | 16 | 17 |
| Other Liabilities | 0 | 0 | 1 | 1 | 1 | 2 | 4 | 3 | 3 | 3 | 6 | 7 |
| Total Liabilities | 3 | 3 | 5 | 7 | 16 | 20 | 23 | 46 | 52 | 65 | 106 | 121 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 3 | 3 | 5 | 7 | 16 | 20 | 23 | 45 | 51 | 64 | 105 | 119 |
| Total Assets | 3 | 3 | 5 | 7 | 16 | 20 | 23 | 46 | 52 | 65 | 106 | 121 |
| 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 | 0 | 0 | -0 | 0 | -5 | -4 | 3 | -23 | 2 | -11 | -13 | -10 |
| Cash from Investing Activity | 0 | 0 | -1 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -1 |
| Cash from Financing Activity | 0 | 0 | 2 | 1 | 8 | 1 | -0 | 21 | 3 | 8 | 28 | -2 |
| Net Cash Flow | 0 | 0 | 0 | 1 | 3 | -3 | 2 | -2 | 5 | -4 | 15 | -13 |
| Free Cash Flow | 0 | 0 | -1 | 0 | -5 | -4 | 3 | -23 | 1 | -12 | -14 | -11 |
| CFO/OP | 0% | 0% | -166% | 9% | -276% | -178% | 107% | -586% | 27% | -159% | -88% | -28% |
| 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 % | 3% | 3% | 5% | 12% | 12% | 9% | 9% | 9% | 9% | 9% | 14% | 16% |
| 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 | 67.80% | 67.80% | 67.80% | 67.80% | 62.35% | 60.51% | 59.50% | 59.50% | 59.50% | 59.50% | 59.70% | 59.70% |
| FIIs | 0.71% | 1.31% | 1.31% | 1.31% | 9.16% | 9.78% | 9.36% | 5.96% | 1.74% | 1.74% | 1.78% | 1.78% |
| Public | 31.50% | 30.90% | 30.90% | 30.89% | 28.49% | 29.72% | 31.14% | 34.55% | 38.76% | 38.76% | 38.52% | 38.52% |
| No. of Shareholders | 3,493 | 4,209 | 4,332 | 4,331 | 6,414 | 8,371 | 9,883 | 10,287 | 10,989 | 11,229 | 10,854 | 10,482 |
Fundamentals
Market Cap₹ 217 Cr.
Current Price₹ 62.8
Stock P/E13.5
Book Value₹ 28.0
ROCE21.2 %
ROE16.0 %
Dividend Yield0.16 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)42%
Compounded Profit Growth (TTM)57%
Consolidated figures.
Valuation
Market capRs 203 Cr
Enterprise valueRs 215 Cr
P/E (TTM)12.60x
Price to book2.10x
Price to sales5.98x
EV / EBITDA8.38x
EV / EBIT8.44x
EV / sales6.34x
Earnings yield7.94%
Dividend yield0.17%
P/E, 3-year average32.74x
P/B, 3-year average3.25x
P/E, 5-year average26.28x
P/B, 5-year average2.35x
Profitability
Operating margin (excl. other income)74.37%
Operating margin (incl. other income)74.49%
EBITDA margin75.60%
Pre-tax margin66.75%
Net profit margin47.51%
Net margin, latest quarter48.83%
ROE15.98%
ROCE21.56%
ROA12.78%
ROE, 3-year average12.97%
ROCE, 3-year average17.70%
ROA, 3-year average10.15%
ROE, 5-year average11.33%
ROCE, 5-year average15.59%
ROA, 5-year average8.96%
ROIC (approx.)17.42%
Tax rate25.64%
Other income / net worth0.04%
Growth
Sales growth (latest year)44.24%
Profit growth (latest year)60.07%
Sales CAGR, 3 years39.35%
Sales CAGR, 5 years41.73%
Profit CAGR, 3 years60.80%
Profit CAGR, 5 years59.77%
Sales growth QoQ-3.18%
Profit growth QoQ13.83%
Sales growth YoY (latest quarter)40.69%
Profit growth YoY (latest quarter)44.51%
Per share
EPS (TTM)Rs 4.66
EPS (latest quarter)Rs 1.33
EPS, 3-year averageRs 2.00
EPS, 5-year averageRs 1.50
Book value per shareRs 27.97
Sales per shareRs 9.81
Cash flow per shareRs -2.92
Free cash flow per shareRs -3.18
Dividend per share, 3-year averageRs 0.12
Dividend per share, 5-year averageRs 0.11
Dividends
Dividend payout2.42%
Dividend payout, 3-year average5.14%
Dividend payout, 5-year average7.15%
Efficiency
Asset turnover0.26x
Fixed asset turnover22.92x
Debtor days35 days
Debtors turnover10.57x
Leverage
Total debtRs 17 Cr
Cash and bankRs 5 Cr
Net debtRs 12 Cr
Debt to equity0.18x
Net debt / EBITDA0.47x
Interest coverage8.99x
Owners' fund to total sources80.03%
Debt to assets14.12%
Cash flow
Cash from Operating Activity (latest year)Rs -10 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs -13 Cr
Free cash flow (latest year)Rs -11 Cr
FCFE (approx.: FCF + change in debt)Rs -10 Cr
Cash from ops / profit, 5 years-1.67x
Statement figures
Net sales (TTM)Rs 34 Cr
Net sales (latest year)Rs 31 Cr
Sales (latest quarter)Rs 9 Cr
Operating profit excl. other income (latest year)Rs 23 Cr
Operating profit (latest quarter)Rs 7 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 26 Cr
PBDT (TTM)Rs 23 Cr
Profit before tax (TTM)Rs 23 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs 16 Cr
Net profit (latest year)Rs 14 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 8 Cr
Total income (latest year)Rs 31 Cr
Share capitalRs 35 Cr
ReservesRs 62 Cr
Shareholders' fundsRs 97 Cr
Total assetsRs 121 Cr
Net blockRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 3 Cr
Other liabilitiesRs 7 Cr
Shares outstanding (crore)3.45
Ownership
Promoter holding59.70% (+0.20 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 12.6 is at the 4th percentile of its own 9.1-year range
(median 33.7, low 11.2, high 347.9).
P/B 2.10 is at the 27th percentile (median 2.91).
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 | 538882 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.1% | -2.8% | -5.3 pts |
| 1 month | +15.0% | -6.8% | +21.7 pts |
| 3 months | +8.8% | -7.6% | +16.4 pts |
| 3 years | +208.6% | +14.2% | +194.4 pts |
| 5 years | +236.5% | +27.9% | +208.6 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -126% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 20% of total assets 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 ₹9 Cr +40.7% vs Jun 2025.
Net profit ₹5 Cr +53.0%.
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 Emerald Finance Ltd?
Emerald Finance Ltd (538882) has a market capitalisation of Rs 217 Cr. at the 2026-10-01 close.
What is the P/E ratio of Emerald Finance Ltd?
Emerald Finance Ltd trades at a P/E of 13.5 on trailing twelve-month profit, at the 2026-10-01 close.
What were Emerald Finance Ltd's latest quarterly results?
In the Jun 2026 quarter, Emerald Finance Ltd revenue was Rs 9 Cr (+40.7% vs Jun 2025) and net profit was Rs 5 Cr.