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 | 246 | 264 | 279 | 297 | 314 | 333 | 361 | 388 | 411 | 426 | 454 | 491 |
| Interest | 89 | 85 | 88 | 95 | 100 | 106 | 118 | 125 | 129 | 136 | 147 | 152 |
| Expenses | 83 | 90 | 91 | 94 | 100 | 105 | 113 | 123 | 131 | 127 | 138 | 160 |
| Financing Profit | 74 | 89 | 100 | 109 | 114 | 122 | 130 | 141 | 151 | 163 | 169 | 179 |
| Financing Margin % | 30% | 34% | 36% | 37% | 36% | 37% | 36% | 36% | 37% | 38% | 37% | 36% |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 71 | 86 | 97 | 105 | 110 | 117 | 126 | 136 | 146 | 158 | 164 | 174 |
| Tax % | 26% | 25% | 24% | 25% | 24% | 25% | 25% | 26% | 25% | 25% | 25% | 25% |
| Net Profit | 53 | 64 | 73 | 79 | 84 | 88 | 94 | 101 | 109 | 118 | 123 | 130 |
| EPS in Rs | 0.49 | 0.60 | 0.68 | 0.73 | 0.78 | 0.81 | 0.87 | 0.93 | 1.00 | 1.08 | 1.11 | 1.18 |
| Gross NPA % | 2.37% | 2.38% | 2.43% | 2.60% | 2.69% | 2.70% | 2.74% | 2.78% | 2.77% | 2.71% | 2.61% | 2.66% |
| Net NPA % | 1.33% | 1.36% | 1.36% | 1.51% | 1.63% | 1.63% | 1.51% | 1.57% | 1.51% | 1.48% | 1.54% | 1.55% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 177 | 445 | 510 | 529 | 734 | 1,019 | 1,305 | 1,679 | 1,782 |
| Interest | 50 | 244 | 239 | 222 | 278 | 352 | 421 | 539 | 565 |
| Expenses | 89 | 134 | 149 | 210 | 247 | 338 | 409 | 516 | 556 |
| Financing Profit | 37 | 67 | 123 | 97 | 209 | 329 | 475 | 623 | 661 |
| Financing Margin % | 21% | 15% | 24% | 18% | 28% | 32% | 36% | 37% | 37% |
| Other Income | 0 | 0 | 1 | 1 | 5 | 1 | 0 | 0 | 1 |
| Depreciation | 2 | 8 | 10 | 12 | 13 | 13 | 17 | 20 | 20 |
| Profit before tax | 35 | 59 | 114 | 87 | 201 | 316 | 459 | 604 | 642 |
| Tax % | 30% | 39% | 25% | 26% | 26% | 25% | 25% | 25% | |
| Net Profit | 24 | 36 | 85 | 65 | 150 | 237 | 345 | 451 | 480 |
| EPS in Rs | 0.36 | 0.46 | 1.03 | 0.77 | 1.67 | 2.21 | 3.18 | 4.07 | 4.37 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 27% | 32% | 28% | ||
| Compounded Profit Growth | % | 40% | 44% | 31% | ||
| Stock Price CAGR | % | % | 0% | -20% | ||
| Return on Equity | % | 11% | 12% | 13% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 676 | 742 | 797 | 807 | 890 | 1,072 | 1,085 | 1,106 |
| Reserves | 204 | 270 | 408 | 480 | 838 | 1,706 | 2,105 | 2,619 |
| Borrowing | 842 | 3,056 | 2,768 | 2,940 | 3,739 | 3,996 | 5,264 | 7,162 |
| Other Liabilities | 71 | 140 | 258 | 288 | 280 | 289 | 141 | 199 |
| Total Liabilities | 1,793 | 4,208 | 4,231 | 4,515 | 5,747 | 7,063 | 8,596 | 11,085 |
| Fixed Assets | 270 | 294 | 301 | 299 | 296 | 300 | 308 | 314 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 2 |
| Investments | 167 | 1,879 | 1,484 | 848 | 607 | 427 | 327 | 192 |
| Other Assets | 1,356 | 2,035 | 2,446 | 3,368 | 4,843 | 6,334 | 7,961 | 10,577 |
| Total Assets | 1,793 | 4,208 | 4,231 | 4,515 | 5,747 | 7,063 | 8,596 | 11,085 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -368 | -383 | -275 | -822 | -1,245 | -1,155 | -1,415 | -1,893 |
| Cash from Investing Activity | 146 | -1,863 | 375 | 652 | 206 | 158 | 176 | 131 |
| Cash from Financing Activity | 395 | 2,291 | -187 | 183 | 1,071 | 1,037 | 1,281 | 1,977 |
| Net Cash Flow | 173 | 45 | -87 | 13 | 32 | 40 | 41 | 216 |
| Free Cash Flow | -376 | -389 | -290 | -831 | -1,253 | -1,167 | -1,427 | -1,907 |
| CFO/OP | -421% | -104% | -64% | -244% | -243% | -156% | -144% | -148% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| ROE % | 3% | 4% | 8% | 5% | 10% | 11% | 12% | 13% |
| 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 | 64.05% | 63.74% | 60.66% | 55.19% | 55.05% | 54.75% | 53.33% | 53.19% | 52.98% | 52.82% | 52.35% | 52.31% |
| FIIs | 2.74% | 2.23% | 2.86% | 4.72% | 4.56% | 4.92% | 6.53% | 7.12% | 7.01% | 6.88% | 6.21% | 7.22% |
| DIIs | 12.42% | 11.94% | 13.53% | 16.24% | 16.26% | 16.47% | 17.67% | 16.99% | 18.21% | 19.53% | 21.97% | 20.72% |
| Public | 20.36% | 21.88% | 22.77% | 23.70% | 24.02% | 23.78% | 22.39% | 22.63% | 21.74% | 20.71% | 19.40% | 19.69% |
| Others | 0.45% | 0.22% | 0.17% | 0.16% | 0.11% | 0.09% | 0.08% | 0.07% | 0.06% | 0.06% | 0.06% | 0.06% |
| No. of Shareholders | 1,19,109 | 1,29,470 | 1,35,768 | 1,38,991 | 1,63,595 | 1,62,908 | 1,53,744 | 1,42,155 | 1,42,669 | 1,46,556 | 1,38,467 | 1,34,577 |
Fundamentals
Market Cap₹ 9,367 Cr.
Current Price₹ 84.5
Stock P/E19.5
Book Value₹ 33.7
ROCE11.8 %
ROE13.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)28%
Compounded Profit Growth (TTM)31%
Standalone figures.
Valuation
Market capRs 9,040 Cr
Enterprise valueRs 12,570 Cr
P/E (TTM)18.83x
Price to book3.25x
Price to sales5.07x
EV / EBITDA10.25x
EV / EBIT10.42x
EV / sales7.05x
Earnings yield5.31%
P/E, 3-year average37.13x
P/B, 3-year average3.17x
P/E, 5-year average37.13x
P/B, 5-year average3.17x
Profitability
Operating margin (excl. other income)66.86%
Operating margin (incl. other income)66.93%
EBITDA margin68.85%
Pre-tax margin36.03%
Net profit margin26.94%
Net margin, latest quarter26.48%
ROE10.52%
ROCE10.92%
ROA3.70%
ROE, 3-year average8.55%
ROCE, 3-year average9.45%
ROA, 3-year average2.70%
ROE, 5-year average7.41%
ROCE, 5-year average9.52%
ROA, 5-year average2.26%
ROIC (approx.)14.35%
Tax rate25.01%
Other income / net worth0.02%
Growth
Sales growth (latest year)38.75%
Profit growth (latest year)58.22%
Sales CAGR, 3 years25.92%
Sales CAGR, 5 years41.99%
Profit CAGR, 3 years40.75%
Profit CAGR, 5 years57.52%
Sales growth QoQ8.24%
Profit growth QoQ5.99%
Sales growth YoY (latest quarter)26.53%
Profit growth YoY (latest quarter)28.97%
Per share
EPS (TTM)Rs 4.47
EPS (latest year)Rs 2.21
EPS (latest quarter)Rs 1.21
EPS, 3-year averageRs 1.55
EPS, 5-year averageRs 1.24
Book value per shareRs 25.87
Sales per shareRs 16.59
Cash flow per shareRs -10.76
Free cash flow per shareRs -17.76
Efficiency
Asset turnover0.14x
Fixed asset turnover3.40x
Debtor days5 days
Debtors turnover69.89x
Leverage
Total debtRs 3,996 Cr
Cash and bankRs 466 Cr
Net debtRs 3,530 Cr
Debt to equity1.44x
Net debt / EBITDA2.88x
Interest coverage2.14x
Owners' fund to total sources39.34%
Debt to assets56.58%
Cash flow
Cash from Operating Activity (latest year)Rs -1,155 Cr
Cash from Investing Activity (latest year)Rs 158 Cr
Cash from Financing Activity (latest year)Rs 1,037 Cr
Net Cash Flow (latest year)Rs 40 Cr
Free cash flow (latest year)Rs -1,907 Cr
FCFE (approx.: FCF + change in debt)Rs -1,650 Cr
Cash from ops / profit, 5 years-5.23x
Statement figures
Net sales (TTM)Rs 1,782 Cr
Net sales (latest year)Rs 1,019 Cr
Sales (latest quarter)Rs 491 Cr
Operating profit excl. other income (latest year)Rs 681 Cr
Operating profit (latest quarter)Rs 331 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 1,227 Cr
PBDT (TTM)Rs 662 Cr
Profit before tax (TTM)Rs 642 Cr
Tax (latest year)Rs 79 Cr
Net profit (TTM)Rs 480 Cr
Net profit (latest year)Rs 237 Cr
Net profit (latest quarter)Rs 130 Cr
Depreciation (TTM)Rs 20 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 565 Cr
Cost of goods sold (latest year)Rs 14 Cr
Total expenditure (latest year)Rs 338 Cr
Total income (latest year)Rs 1,020 Cr
Share capitalRs 1,072 Cr
ReservesRs 1,706 Cr
Shareholders' fundsRs 2,778 Cr
Total assetsRs 7,063 Cr
Net blockRs 300 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 427 Cr
ReceivablesRs 15 Cr
Other liabilitiesRs 289 Cr
Shares outstanding (crore)107.38
Ownership
Promoter holding52.31% (-0.88 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 18.8 is the lowest in its own 3.2-year history
(median 34.9, low 18.8, high 157.2).
P/B 3.25 is the lowest in 3.2 years (median 7.09).
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 | SBFC | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.6% | -2.8% | -2.8 pts |
| 1 month | -15.8% | -6.8% | -9.0 pts |
| 3 months | -7.7% | -7.6% | -0.1 pts |
| 6 months | +4.0% | +0.4% | +3.6 pts |
| 1 year | -22.7% | -9.9% | -12.8 pts |
| 2 years | -20.3% | -13.6% | -6.7 pts |
| 3 years | +1.1% | +14.2% | -13.0 pts |
51 mutual fund schemes hold about ₹1,808 Cr.
Over three months 42 bought more and 8 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| SBI Small Cap Fund | 2.07% | 883 | +11% |
| Aditya Birla SL Flexi Cap Fund | 0.89% | 257 | +28% |
| Aditya Birla SL ELSS Tax Saver Fund | 1.45% | 210 | +17% |
| Franklin India Small Cap Fund | 0.99% | 146 | +100% |
| Franklin India Flexi Cap Fund | 0.37% | 72 | +100% |
| Axis Small Cap Fund | 0.20% | 63 | +10% |
| Aditya Birla SL Large & Mid Cap Fund | 0.65% | 39 | +14% |
| HDFC Banking & Financial Services Fund | 0.68% | 32 | +24% |
| Edelweiss Small Cap Fund | 0.40% | 29 | +7% |
| Groww Multicap Fund | 1.15% | 17 | -16% |
| Groww Small Cap Fund | 1.73% | 13 | -23% |
| Edelweiss Aggressive Hybrid Fund | 0.28% | 11 | +12% |
| Nippon India Nifty Smallcap 250 Index Fund | 0.18% | 6 | +14% |
| Aditya Birla SL Retirement Fund-30 | 1.01% | 5 | +12% |
| Aditya Birla SL Conservative Hybrid Fund(M | 0.29% | 4 | +17% |
| Franklin India Multi-Factor Fund | 0.64% | 4 | +100% |
| SBI Nifty Smallcap 250 Index Fund | 0.18% | 3 | +14% |
| Groww Banking & Financial Services Fund | 2.88% | 3 | -2% |
| Motilal Oswal Nifty Smallcap 250 Index Fund | 0.18% | 2 | +13% |
| ICICI Pru Nifty Smallcap 250 Index Fund | 0.18% | 1 | +14% |
| HDFC NIFTY Smallcap 250 Index Fund | 0.18% | 1 | +14% |
| Aditya Birla SL Retirement Fund-40 | 1.07% | 1 | +15% |
| Nippon India Nifty 500 Equal Weight Index Fund | 0.21% | 1 | +17% |
| JioBlackRock Nifty Smallcap 250 Index Fund | 0.18% | 1 | +14% |
| Motilal Oswal Nifty 500 Index Fund | 0.02% | 1 | +14% |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -714% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 20% of total assets in 2026 |
| explain | Share dilution Share count up 20% in a year, 31% in three |
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 ₹491 Cr +26.5% vs Jun 2025.
Net profit ₹130 Cr +28.7%.
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.
| Date | Type | What it says |
|---|---|---|
| 2026-09-30 | Credit Rating | Credit Rating |
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.