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 | 2.82 | 3.27 | 3.22 | 3.74 | 5.18 | 3.84 | 3.63 | 5.78 | 4.11 | 4.21 | 11.07 | 9.32 |
| Interest | 0.11 | 0.18 | 0.34 | 0.34 | 0.46 | 0.61 | 0.58 | 0.59 | 0.58 | 0.62 | 0.62 | 0.57 |
| Expenses | 2.55 | 2.09 | 2.79 | 2.33 | 1.57 | 3.53 | 5.22 | 3.49 | 3.63 | 4.21 | 6.75 | 4.45 |
| Financing Profit | 0.16 | 1.00 | 0.09 | 1.07 | 3.15 | -0.30 | -2.17 | 1.70 | -0.10 | -0.62 | 3.70 | 4.30 |
| Financing Margin % | 5.67% | 30.58% | 2.80% | 28.61% | 60.81% | -7.81% | -59.78% | 29.41% | -2.43% | -14.73% | 33.42% | 46.14% |
| Other Income | 0.21 | 0.23 | 0.99 | 0.84 | 1.01 | 1.05 | 2.30 | 0.73 | 1.03 | 0.82 | 0.59 | 0.84 |
| Depreciation | 0.19 | 0.19 | 0.19 | 0.19 | 0.18 | 0.19 | 0.19 | 0.20 | 0.20 | 0.20 | 0.03 | 0.18 |
| Profit before tax | 0.18 | 1.04 | 0.89 | 1.72 | 3.98 | 0.56 | -0.06 | 2.23 | 0.73 | 0.00 | 4.26 | 4.96 |
| Tax % | 205.56% | -35.58% | 656.18% | 30.81% | 48.24% | 133.93% | -1,966.67% | 7.17% | 56.16% | 30.28% | 17.54% | |
| Net Profit | -0.19 | 1.41 | -4.96 | 1.20 | 2.06 | -0.19 | 1.14 | 2.06 | 0.33 | -0.24 | 2.97 | 4.09 |
| EPS in Rs | -0.30 | 0.82 | -4.38 | 0.28 | 1.23 | -0.78 | 0.58 | 1.68 | -0.19 | -0.54 | 2.50 | 3.58 |
| 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 | 6.99 | 18.37 | 15.79 | 16.51 | 33.26 | 16.17 | 11.69 | 11.18 | 12.61 | 17.82 | 27.18 | 28.71 |
| Interest | 0.46 | 0.91 | 1.36 | 2.32 | 3.81 | 0.60 | 0.19 | 0.58 | 0.71 | 1.99 | 2.42 | 2.39 |
| Expenses | 5.23 | 4.21 | 6.21 | 11.11 | 26.66 | 12.80 | 7.70 | 11.39 | 9.19 | 12.47 | 16.92 | 19.04 |
| Financing Profit | 1.30 | 13.25 | 8.22 | 3.08 | 2.79 | 2.77 | 3.80 | -0.79 | 2.71 | 3.36 | 7.84 | 7.28 |
| Financing Margin % | 18.60% | 72.13% | 52.06% | 18.66% | 8.39% | 17.13% | 32.51% | -7.07% | 21.49% | 18.86% | 28.84% | 25.36% |
| Other Income | -0.02 | -0.05 | -0.33 | 0.07 | 0.61 | 0.15 | 1.41 | 0.00 | 0.18 | 3.59 | 0.00 | 3.28 |
| Depreciation | 0.09 | 0.03 | 0.05 | 0.17 | 0.52 | 0.43 | 0.22 | 0.55 | 0.74 | 0.74 | 0.64 | 0.61 |
| Profit before tax | 1.19 | 13.17 | 7.84 | 2.98 | 2.88 | 2.49 | 4.99 | -1.34 | 2.15 | 6.21 | 7.20 | 9.95 |
| Tax % | 3.36% | 0.84% | 5.87% | 16.78% | 44.10% | 34.94% | 26.85% | -2.99% | 282.79% | 32.37% | 29.03% | |
| Net Profit | 1.06 | 13.25 | 7.47 | 2.50 | 1.60 | 1.62 | 3.65 | -1.31 | -3.93 | 4.21 | 5.11 | 7.15 |
| EPS in Rs | 0.93 | 10.19 | 5.46 | 1.38 | 0.12 | 0.47 | 1.84 | -1.00 | -3.91 | 1.35 | 3.44 | 5.35 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 15% | 11% | 34% | 56% | ||
| Compounded Profit Growth | 12% | 43% | 69% | 99% | ||
| Stock Price CAGR | 9% | 17% | 30% | 2% | ||
| Return on Equity | 4% | 0% | 0% | 5% |
| 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 | 12.85 | 12.85 | 12.85 | 12.85 | 12.85 | 12.85 | 12.85 | 12.85 | 12.85 | 12.85 | 10.60 | 10.60 |
| Reserves | 25.69 | 24.02 | 37.32 | 44.33 | 48.84 | 46.00 | 49.43 | 56.53 | 56.74 | 64.36 | 60.48 | 60.76 |
| Borrowing | 3.26 | 3.26 | 9.28 | 11.41 | 32.71 | 19.50 | 0.90 | 2.08 | 3.63 | 14.15 | 26.20 | 28.89 |
| Other Liabilities | 2.33 | 1.33 | 2.15 | 2.58 | 12.76 | 11.34 | 4.71 | 7.40 | 6.58 | 8.31 | 11.85 | 13.51 |
| Total Liabilities | 44.13 | 41.46 | 61.60 | 71.17 | 107.16 | 89.69 | 67.89 | 78.86 | 79.80 | 99.67 | 109.13 | 113.76 |
| Fixed Assets | 0.79 | 0.27 | 0.25 | 0.44 | 29.97 | 31.82 | 2.23 | 3.90 | 5.85 | 6.10 | 5.40 | 6.33 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 25.81 | 25.75 | 33.88 | 40.26 | 39.86 | 30.06 | 40.57 | 51.84 | 49.84 | 75.23 | 89.89 | 88.66 |
| Other Assets | 17.53 | 15.44 | 27.47 | 30.47 | 37.33 | 27.81 | 25.09 | 23.12 | 24.11 | 18.34 | 13.84 | 18.77 |
| Total Assets | 44.13 | 41.46 | 61.60 | 71.17 | 107.16 | 89.69 | 67.89 | 78.86 | 79.80 | 99.67 | 109.13 | 113.76 |
| 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 | -1.10 | -1.50 | -3.62 | 5.57 | 0.56 | -3.44 | 2.87 | 6.19 | 5.47 | -8.14 | 10.42 | 17.49 |
| Cash from Investing Activity | 0.22 | 0.31 | -1.12 | -0.88 | -31.13 | 20.47 | 20.23 | -7.52 | -4.92 | -0.91 | -6.72 | -16.34 |
| Cash from Financing Activity | 1.37 | 0.67 | 4.78 | -0.25 | 29.96 | -18.50 | -23.61 | 0.77 | -0.96 | 9.81 | -2.90 | 0.27 |
| Net Cash Flow | 0.49 | -0.52 | 0.04 | 4.44 | -0.61 | -1.47 | -0.51 | -0.56 | -0.41 | 0.77 | 0.80 | 1.43 |
| Free Cash Flow | -1.20 | -1.55 | -3.63 | 5.33 | -30.53 | -4.35 | 2.84 | 6.10 | 3.06 | -9.13 | 10.38 | 15.92 |
| CFO/OP | -18% | -55% | -9% | 74% | 24% | -24% | 103% | 178% | -2,943% | -226% | 241% | 184% |
| 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 % | 1.49% | 3.21% | 30.19% | 13.59% | 2.99% | 0.26% | 0.99% | 3.60% | -1.84% | -6.84% | 1.93% | 5.12% |
| 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 | 56.85% | 56.85% | 56.85% | 56.85% | 68.91% | 68.91% | 68.91% | 68.91% | 68.91% | 68.91% | 68.91% | 68.91% |
| Public | 43.15% | 43.14% | 43.15% | 43.15% | 31.10% | 31.08% | 31.08% | 31.08% | 31.09% | 31.09% | 31.09% | 31.08% |
| No. of Shareholders | 1,147 | 1,133 | 1,201 | 1,132 | 1,527 | 1,891 | 1,833 | 1,829 | 1,845 | 1,710 | 1,709 | 1,714 |
Fundamentals
Market Cap₹ 56.1 Cr.
Current Price₹ 52.9
Stock P/E9.90
Book Value₹ 67.3
ROCE9.01 %
ROE5.12 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)56%
Compounded Profit Growth (TTM)99%
Consolidated figures.
Valuation
Market capRs 53 Cr
Enterprise valueRs 76 Cr
P/E (TTM)9.38x
Price to book0.75x
Price to sales1.86x
EV / EBITDA7.43x
EV / EBIT7.90x
EV / sales2.64x
Price to cash flow3.05x
Earnings yield10.66%
P/E, 3-year average22.93x
P/B, 3-year average0.62x
P/E, 5-year average19.71x
P/B, 5-year average0.52x
Profitability
Operating margin (excl. other income)37.75%
Operating margin (incl. other income)37.75%
EBITDA margin35.53%
Pre-tax margin25.08%
Net profit margin19.78%
Net margin, latest quarter40.77%
ROE5.12%
ROCE9.74%
ROA3.28%
ROE, 3-year average0.07%
ROCE, 3-year average7.30%
ROA, 3-year average-0.32%
ROE, 5-year average0.39%
ROCE, 5-year average5.71%
ROA, 5-year average0.13%
ROIC (approx.)7.25%
Tax rate29.03%
Growth
Sales growth (latest year)52.53%
Profit growth (latest year)155.24%
Sales CAGR, 3 years34.46%
Sales CAGR, 5 years10.95%
Profit CAGR, 5 years43.49%
Sales growth QoQ-15.81%
Profit growth QoQ43.40%
Sales growth YoY (latest quarter)61.25%
Profit growth YoY (latest quarter)113.48%
Per share
EPS (TTM)Rs 5.36
EPS (latest year)Rs 3.44
EPS (latest quarter)Rs 3.58
EPS, 3-year averageRs 0.30
EPS, 5-year averageRs 0.35
Book value per shareRs 67.31
Sales per shareRs 27.08
Cash flow per shareRs 16.50
Free cash flow per shareRs 15.02
Efficiency
Asset turnover0.24x
Fixed asset turnover4.29x
Inventory turnover0.05x
Inventory days7886 days
Debtor days21 days
Debtors turnover17.20x
Leverage
Total debtRs 29 Cr
Cash and bankRs 6 Cr
Net debtRs 22 Cr
Debt to equity0.40x
Net debt / EBITDA2.20x
Interest coverage4.01x
Owners' fund to total sources62.73%
Debt to assets25.40%
Cash flow
Cash from Operating Activity (latest year)Rs 17 Cr
Cash from Investing Activity (latest year)Rs -16 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 16 Cr
FCFE (approx.: FCF + change in debt)Rs 19 Cr
Cash from ops / profit, 5 years4.07x
Sales to cash flow1.55x
Statement figures
Net sales (TTM)Rs 29 Cr
Net sales (latest year)Rs 27 Cr
Sales (latest quarter)Rs 9 Cr
Operating profit excl. other income (latest year)Rs 10 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 10 Cr
PBDT (TTM)Rs 8 Cr
Profit before tax (TTM)Rs 7 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 17 Cr
Total income (latest year)Rs 27 Cr
Share capitalRs 11 Cr
ReservesRs 61 Cr
Shareholders' fundsRs 71 Cr
Total assetsRs 114 Cr
Net blockRs 6 Cr
InvestmentsRs 89 Cr
ReceivablesRs 2 Cr
InventoryRs 7 Cr
Other liabilitiesRs 14 Cr
Shares outstanding (crore)1.06
Ownership
Promoter holding68.91% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 9.4 is at the 33th percentile of its own 7.3-year range
(median 15.3, low 1.7, high 184.6).
P/B 0.75 is at the 78th percentile (median 0.49).
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 | LADDERUP | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.3% | -2.8% | -3.5 pts |
| 1 month | +1.4% | -6.8% | +8.1 pts |
| 3 years | +108.5% | +14.2% | +94.3 pts |
| 5 years | +112.1% | +27.9% | +84.2 pts |
Red flags
F-score 7 of 8| look | Inventory outrunning sales Inventory grew 363% vs sales +53% in 2026 |
| look | On NSE surveillance On NSE surveillance: ESM |
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 +61.2% vs Jun 2025.
Net profit ₹4 Cr +98.5%.
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.
ESM: stage 1Less than 100 unique PAN traded in previous 30 days