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 | 44 | 52 | 59 | 44 | 31 | 42 | 54 | 68 | 75 | 86 | 105 | 136 |
| Interest | 15 | 18 | 21 | 12 | 0 | 1 | 19 | 25 | 30 | 36 | 43 | 54 |
| Expenses | 6 | 5 | 7 | 6 | 10 | 9 | 4 | 9 | 6 | 6 | 6 | 10 |
| Financing Profit | 23 | 29 | 31 | 25 | 21 | 32 | 31 | 34 | 39 | 43 | 56 | 72 |
| Financing Margin % | 53% | 55% | 53% | 58% | 67% | 76% | 58% | 50% | 52% | 50% | 53% | 53% |
| Other Income | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 23 | 29 | 32 | 26 | 21 | 32 | 31 | 34 | 38 | 43 | 56 | 72 |
| Tax % | 25% | 25% | 25% | 26% | 32% | 26% | 23% | 28% | 26% | 25% | 25% | 25% |
| Net Profit | 17 | 22 | 24 | 19 | 14 | 24 | 24 | 25 | 28 | 32 | 42 | 54 |
| EPS in Rs | 3.18 | 3.94 | 4.33 | 3.47 | 2.53 | 4.24 | 4.26 | 4.39 | 5.08 | 5.81 | 6.48 | 8.15 |
| 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 | 4 | 1 | 1 | 0 | 0 | 2 | 2 | 41 | 190 | 170 | 334 | 402 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 64 | 32 | 134 | 164 |
| Expenses | 4 | 0 | 1 | 1 | 1 | 1 | 1 | 8 | 20 | 28 | 27 | 29 |
| Financing Profit | 0 | 0 | 1 | -0 | -1 | 2 | 1 | 25 | 105 | 111 | 172 | 210 |
| Financing Margin % | 4% | 35% | 55% | -172% | -344% | 69% | 55% | 59% | 55% | 65% | 52% | 52% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 1 | 0 | 0 | -0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 1 | -0 | -1 | 2 | 1 | 25 | 105 | 110 | 172 | 209 |
| Tax % | 38% | 23% | 29% | -27% | 5% | 4% | 30% | 26% | 25% | 26% | 26% | |
| Net Profit | 0 | 0 | 1 | -0 | -1 | 2 | 1 | 18 | 79 | 81 | 128 | 157 |
| EPS in Rs | 0.18 | 0.46 | 1.18 | -0.68 | -2.00 | 3.15 | 1.56 | 4.46 | 14.29 | 14.49 | 19.56 | 25.52 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 56% | 169% | 100% | 106% | ||
| Compounded Profit Growth | 107% | 141% | 91% | 82% | ||
| Stock Price CAGR | 46% | 117% | 3% | 68% | ||
| Return on Equity | 10% | 10% | 10% | 10% |
| 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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 41 | 55 | 56 | 65 |
| Reserves | 2 | 2 | 2 | 3 | 2 | 2 | 3 | 4 | 532 | 751 | 959 | 1,395 |
| Borrowing | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 493 | 957 | 1,387 | 2,704 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 16 | 5 | 9 |
| Total Liabilities | 8 | 7 | 7 | 8 | 8 | 8 | 8 | 9 | 1,079 | 1,779 | 2,407 | 4,173 |
| Fixed Assets | 0 | 0 | 2 | 2 | 2 | 1 | 1 | 1 | 0 | 2 | 2 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 2 | 0 | 0 | 80 | 0 |
| Other Assets | 6 | 5 | 5 | 6 | 5 | 5 | 6 | 6 | 1,078 | 1,778 | 2,325 | 4,171 |
| Total Assets | 8 | 7 | 7 | 8 | 8 | 8 | 8 | 9 | 1,079 | 1,779 | 2,407 | 4,173 |
| 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 | -1 | -0 | -0 | -1 | -1 | 0 | 0 | -941 | -629 | -492 | -1,571 |
| Cash from Investing Activity | -1 | -1 | 0 | -0 | 1 | 1 | 1 | -0 | 2 | -4 | -56 | 61 |
| Cash from Financing Activity | -0 | -0 | 0 | -0 | 0 | 0 | -1 | 0 | 1,030 | 616 | 554 | 1,632 |
| Net Cash Flow | -1 | -2 | -0 | -0 | -0 | 0 | 0 | 0 | 91 | -18 | 6 | 121 |
| Free Cash Flow | 0 | -1 | -0 | -0 | -1 | -0 | 0 | 0 | -941 | -630 | -492 | -1,572 |
| CFO/OP | 41% | -435% | -88% | -4% | 178% | 88% | 12% | 59% | -2,831% | -353% | -324% | -499% |
| 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 % | 4% | 1% | 3% | 8% | -4% | -14% | 22% | 10% | 6% | 11% | 9% | 10% |
| 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 | 47.80% | 47.80% | 47.77% | 46.99% | 48.38% | 48.38% | 48.38% | 48.38% | 48.38% | 50.30% | 52.92% | 56.95% |
| FIIs | 0.14% | 0.20% | 0.25% | 0.37% | 0.07% | 0.07% | 0.08% | 0.12% | 0.17% | 0.07% | 0.26% | 0.54% |
| DIIs | 0.73% | 0.81% | 1.38% | 1.62% | 1.83% | 1.92% | 2.30% | 4.44% | 4.03% | 3.46% | 3.28% | 2.18% |
| Public | 51.32% | 51.18% | 50.59% | 51.02% | 49.73% | 49.63% | 49.25% | 47.07% | 47.43% | 46.17% | 43.54% | 40.34% |
| No. of Shareholders | 8,600 | 9,409 | 11,368 | 12,439 | 14,091 | 14,627 | 17,256 | 30,921 | 31,164 | 30,244 | 26,403 | 28,150 |
Fundamentals
Market Cap₹ 3,920 Cr.
Current Price₹ 595
Stock P/E25.0
Book Value₹ 224
ROCE9.32 %
ROE10.3 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)106%
Compounded Profit Growth (TTM)82%
Standalone figures.
Valuation
Market capRs 4,124 Cr
Enterprise valueRs 6,624 Cr
P/E (TTM)26.30x
Price to book2.82x
Price to sales10.26x
EV / EBITDA17.72x
EV / EBIT17.76x
EV / sales16.47x
Earnings yield3.80%
P/E, 3-year average26.00x
P/B, 3-year average2.30x
P/E, 5-year average41.76x
P/B, 5-year average2.50x
Profitability
Operating margin (excl. other income)91.93%
Operating margin (incl. other income)91.92%
EBITDA margin92.95%
Pre-tax margin52.05%
Net profit margin39.00%
Net margin, latest quarter39.44%
ROE10.32%
ROCE9.32%
ROA3.88%
ROE, 3-year average10.20%
ROCE, 3-year average9.37%
ROA, 3-year average4.42%
ROE, 5-year average9.23%
ROCE, 5-year average9.51%
ROA, 5-year average5.14%
ROIC (approx.)7.01%
Tax rate25.58%
Other income / net worth-0.00%
Growth
Sales growth (latest year)95.97%
Profit growth (latest year)57.62%
Sales CAGR, 3 years100.41%
Sales CAGR, 5 years169.43%
Profit CAGR, 3 years90.69%
Profit CAGR, 5 years140.70%
Sales growth QoQ29.12%
Profit growth QoQ26.99%
Sales growth YoY (latest quarter)101.38%
Profit growth YoY (latest quarter)118.92%
Per share
EPS (TTM)Rs 24.03
EPS (latest year)Rs 19.56
EPS (latest quarter)Rs 8.22
EPS, 3-year averageRs 16.11
EPS, 5-year averageRs 10.87
Book value per shareRs 223.73
Sales per shareRs 61.61
Cash flow per shareRs -240.78
Free cash flow per shareRs -240.86
Efficiency
Asset turnover0.08x
Fixed asset turnover141.98x
Leverage
Total debtRs 2,704 Cr
Cash and bankRs 204 Cr
Net debtRs 2,500 Cr
Debt to equity1.85x
Net debt / EBITDA6.69x
Interest coverage2.28x
Owners' fund to total sources34.99%
Debt to assets64.80%
Cash flow
Cash from Operating Activity (latest year)Rs -1,571 Cr
Cash from Investing Activity (latest year)Rs 61 Cr
Cash from Financing Activity (latest year)Rs 1,632 Cr
Net Cash Flow (latest year)Rs 121 Cr
Free cash flow (latest year)Rs -1,572 Cr
FCFE (approx.: FCF + change in debt)Rs -255 Cr
Cash from ops / profit, 5 years-11.83x
Statement figures
Net sales (TTM)Rs 402 Cr
Net sales (latest year)Rs 334 Cr
Sales (latest quarter)Rs 136 Cr
Operating profit excl. other income (latest year)Rs 307 Cr
Operating profit (latest quarter)Rs 126 Cr
Other income (TTM)Rs -0 Cr
EBITDA (TTM)Rs 374 Cr
PBDT (TTM)Rs 210 Cr
Profit before tax (TTM)Rs 209 Cr
Tax (latest year)Rs 44 Cr
Net profit (TTM)Rs 157 Cr
Net profit (latest year)Rs 128 Cr
Net profit (latest quarter)Rs 54 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 164 Cr
Cost of goods sold (latest year)Rs 1 Cr
Total expenditure (latest year)Rs 27 Cr
Total income (latest year)Rs 334 Cr
Share capitalRs 65 Cr
ReservesRs 1,395 Cr
Shareholders' fundsRs 1,460 Cr
Total assetsRs 4,173 Cr
Net blockRs 2 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 0 Cr
Other liabilitiesRs 9 Cr
Shares outstanding (crore)6.53
Ownership
Promoter holding56.95% (+8.57 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 26.3 is at the 10th percentile of its own 5.2-year range
(median 34.9, low 16.0, high 329.9).
P/B 2.82 is at the 37th percentile (median 3.33).
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 | SGFIN | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +5.0% | -2.8% | +7.8 pts |
| 1 month | -7.4% | -6.8% | -0.6 pts |
| 3 months | -6.2% | -7.6% | +1.4 pts |
| 6 months | +52.4% | +0.4% | +52.0 pts |
| 1 year | +75.3% | -9.9% | +85.2 pts |
| 3 years | +16.0% | +14.2% | +1.8 pts |
| 5 years | +5049.6% | +27.9% | +5021.7 pts |
2 mutual fund schemes hold about ₹64 Cr.
Over three months 2 bought more and 0 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Bandhan Large & Mid Cap Fund | 0.31% | 64 | +6% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +20% |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -937% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 41% of total assets in 2026 |
| explain | Share dilution Share count up 17% in a year, 58% 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 ₹136 Cr +100.0% vs Jun 2025.
Net profit ₹54 Cr +116.0%.
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.
| Date | Type | What it says |
|---|---|---|
| 2026-10-01 | General Updates | Issuance of Commercial Paper of Rs 30 Crore |
| 2026-10-01 | Press Release | A press release dated October 01, 2026, titled "Loan Book Disclosure". |
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.