Price
Financials
Standalone, Rs crore| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 16.89 | 18.82 | 16.22 | 16.69 | 14.57 | 20.29 | 21.50 |
| Expenses | 14.02 | 8.87 | 8.46 | 11.52 | 9.55 | 15.15 | 16.72 |
| Operating Profit | 2.87 | 9.95 | 7.76 | 5.17 | 5.02 | 5.14 | 4.78 |
| OPM % | 16.99% | 52.87% | 47.84% | 30.98% | 34.45% | 25.33% | 22.23% |
| Other Income | 0.12 | 0.01 | 0.22 | 2.29 | 2.08 | 1.99 | 2.73 |
| Interest | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | -0.02 |
| Depreciation | 0.27 | 0.22 | 1.01 | 0.76 | 1.20 | 1.37 | 1.63 |
| Profit before tax | 2.70 | 9.73 | 6.96 | 6.68 | 5.88 | 5.74 | 5.90 |
| Tax % | 25.19% | 25.18% | 25.00% | 21.41% | 29.42% | 25.26% | 33.39% |
| Net Profit | 2.02 | 7.28 | 5.22 | 5.26 | 4.15 | 4.30 | 3.93 |
| EPS in Rs | 3.90 | 14.04 | 2.98 | 2.21 | 1.74 | 1.80 | 1.65 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 23.37 | 17.49 | 22.53 | 34.73 | 31.26 | 41.78 |
| Expenses | 20.48 | 15.54 | 16.74 | 17.02 | 21.47 | 31.87 |
| Operating Profit | 2.89 | 1.95 | 5.79 | 17.71 | 9.79 | 9.91 |
| OPM % | 12.37% | 11.15% | 25.70% | 50.99% | 31.32% | 23.72% |
| Other Income | 0.23 | 0.37 | 0.16 | 0.23 | 4.37 | 4.72 |
| Interest | 0.05 | 0.06 | 0.04 | 0.02 | 0.04 | 0.00 |
| Depreciation | 0.13 | 0.47 | 0.49 | 1.23 | 1.96 | 2.99 |
| Profit before tax | 2.94 | 1.79 | 5.42 | 16.69 | 12.16 | 11.64 |
| Tax % | 25.17% | 25.14% | 25.65% | 25.10% | 25.99% | 29.38% |
| Net Profit | 2.20 | 1.34 | 4.02 | 12.50 | 9.00 | 8.22 |
| EPS in Rs | 4.24 | 2.58 | 7.75 | 7.13 | 3.78 | 3.45 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 13.24% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 12% | 23% | 34% | ||
| Compounded Profit Growth | % | 30% | 27% | -9% | ||
| Stock Price CAGR | % | % | % | -42% | ||
| Return on Equity | % | 13% | 13% | 7% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5.18 | 5.18 | 5.18 | 17.54 | 23.83 | 23.83 |
| Reserves | 8.64 | 9.98 | 22.00 | 27.57 | 86.64 | 93.67 |
| Borrowings | -0.44 | 1.19 | 0.00 | 0.17 | 0.00 | 0.00 |
| Other Liabilities | 2.52 | 3.24 | 4.05 | 7.16 | 7.66 | 14.04 |
| Total Liabilities | 15.90 | 19.59 | 31.23 | 52.44 | 118.13 | 131.54 |
| Fixed Assets | 1.40 | 1.70 | 10.06 | 12.85 | 16.91 | 41.51 |
| CWIP | 2.63 | 2.63 | 5.23 | 8.34 | 13.51 | 5.40 |
| Investments | 2.93 | 5.47 | 3.61 | 7.94 | 53.87 | 38.67 |
| Other Assets | 8.94 | 9.79 | 12.33 | 23.31 | 33.84 | 45.96 |
| Total Assets | 15.90 | 19.59 | 31.23 | 52.44 | 118.13 | 131.54 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 4.84 | 0.16 | 0.77 | 12.68 | -37.76 | 27.44 |
| Cash from Investing Activity | -3.74 | -3.11 | 0.62 | -17.09 | -13.04 | -23.66 |
| Cash from Financing Activity | 0.55 | 1.58 | -1.52 | 5.62 | 53.12 | -4.77 |
| Net Cash Flow | 1.66 | -1.36 | -0.14 | 1.21 | 2.32 | -0.99 |
| Free Cash Flow | 4.41 | -0.61 | -0.09 | 1.17 | -48.95 | 7.96 |
| CFO/OP | 167% | 8% | 13% | 72% | -386% | 277% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 61.85 | 100.17 | 137.54 | 124.96 | 177.25 | 185.73 |
| Inventory Days | 0.00 | |||||
| Days Payable | ||||||
| Cash Conversion Cycle | 61.85 | 100.17 | 137.54 | 124.96 | 177.25 | 185.73 |
| Working Capital Days | 36.08 | 68.87 | 73.55 | 99.95 | 182.38 | 490.10 |
| ROCE % | 12.45% | 25.09% | 46.12% | 15.67% | 10.21% |
| Mar 2024 | Apr 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Promoters | 93.51% | 68.85% | 68.85% | 68.85% | 68.91% | 69.01% |
| FIIs | 0.00% | 6.39% | 0.53% | 0.09% | 0.08% | 0.00% |
| DIIs | 0.00% | 5.04% | 1.81% | 1.14% | 0.43% | 0.56% |
| Public | 6.49% | 19.72% | 28.80% | 29.92% | 30.58% | 30.43% |
| No. of Shareholders | 30 | 2,392 | 2,304 | 2,667 | 2,613 | 2,290 |
Fundamentals
Market Cap₹ 62.1 Cr.
Current Price₹ 26.0
Stock P/E7.55
Book Value₹ 49.3
ROCE10.2 %
ROE7.21 %
Dividend Yield1.92 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)34%
Compounded Profit Growth (TTM)-9%
Standalone figures.
Valuation
Market capRs 65 Cr
Enterprise valueRs 65 Cr
P/E (TTM)48.19x
Price to book4.26x
Price to sales3.69x
EV / EBITDA27.91x
EV / EBIT35.01x
EV / sales3.70x
Price to cash flow403.57x
Earnings yield2.08%
Profitability
Operating margin (excl. other income)11.15%
Operating margin (incl. other income)13.26%
EBITDA margin13.26%
Pre-tax margin10.23%
Net profit margin7.66%
ROE9.25%
ROCE12.45%
ROA7.55%
ROIC (approx.)9.02%
Tax rate25.14%
Other income / net worth2.44%
Growth
Sales growth (latest year)-25.16%
Profit growth (latest year)-39.09%
Per share
EPS (TTM)Rs 0.56
EPS (latest year)Rs 2.58
Book value per shareRs 6.36
Sales per shareRs 7.34
Cash flow per shareRs 0.07
Free cash flow per shareRs 3.34
Efficiency
Asset turnover0.89x
Fixed asset turnover10.29x
Debtor days100 days
Debtors turnover3.64x
Cash conversion cycle186 days
Working capital days490 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 1 Cr
Net debtRs 0 Cr
Debt to equity0.08x
Net debt / EBITDA0.08x
Interest coverage30.83x
Owners' fund to total sources77.39%
Debt to assets6.07%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs 2 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 8 Cr
FCFE (approx.: FCF + change in debt)Rs 10 Cr
Cash from ops / profit, 5 years0.09x
Sales to cash flow109.31x
Statement figures
Net sales (TTM)Rs 17 Cr
Net sales (latest year)Rs 17 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 5 Cr
Total expenditure (latest year)Rs 16 Cr
Total income (latest year)Rs 18 Cr
Share capitalRs 5 Cr
ReservesRs 10 Cr
Shareholders' fundsRs 15 Cr
Total assetsRs 20 Cr
Net blockRs 2 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 5 Cr
ReceivablesRs 5 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)2.38
Ownership
Promoter holding69.01% (+0.16 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | TRUST | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +3.6% | -2.8% | +6.4 pts |
| 1 month | -17.0% | -6.8% | -10.2 pts |
| 3 months | -10.6% | -7.6% | -2.9 pts |
| 6 months | -7.0% | +0.4% | -7.4 pts |
| 1 year | -46.2% | -9.9% | -36.3 pts |
| 2 years | -88.8% | -13.6% | -75.3 pts |
Red flags
F-score 3 of 8| explain | Receivables outrunning sales Receivables grew 21% vs sales -25% 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
Mar 2026Sales ₹22 Cr +32.6% vs Mar 2024.
Net profit ₹4 Cr -24.7%.
Against our estimate for Mar 2026: sales +39.6%, profit -14.9% in line.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Oracle Financial Services Software Ltd | 90,638 | 26.6 | 45.3 % |
| Tanla Platforms Ltd | 6,508 | 12.2 | 26.3 % |
| C.E. Info Systems Ltd | 4,635 | 33.6 | 19.1 % |
| Capillary Technologies India Ltd | 4,516 | 88.2 | 3.42 % |
| TechNVision Ventures Ltd | 2,447 | 816 | 13.6 % |
| Mobavenue AI Tech Ltd | 2,339 | 66.8 | 71.6 % |
| Ramco Systems Ltd | 2,078 | 33.0 | 19.7 % |
| Blue Cloud Softech Solutions Ltd | 1,867 | 29.2 | 14.2 % |
| Nucleus Software Exports Ltd | 1,717 | 15.0 | 16.8 % |
| Subex Ltd | 1,146 | 35.4 | 12.8 % |
| Unicommerce eSolutions Ltd | 926 | 43.6 | 21.1 % |
| Quick Heal Technologies Ltd | 794 | -5.97 % | |
| IRIS Regtech Solutions Ltd | 473 | 36.9 | 10.6 % |
| Sotefin Bharat Ltd | 472 | 27.2 | 31.2 % |
| Ace Software Exports Ltd | 368 | 86.1 | 5.82 % |
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.
High low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 200perc in previous 365 DaysLess than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded
Quick answers
What is the market cap of Trust Fintech Ltd?
Trust Fintech Ltd (TRUST) has a market capitalisation of Rs 62.1 Cr. at the 2026-10-01 close.
What is the P/E ratio of Trust Fintech Ltd?
Trust Fintech Ltd trades at a P/E of 7.55 on trailing twelve-month profit, at the 2026-10-01 close.
What were Trust Fintech Ltd's latest quarterly results?
In the Mar 2026 quarter, Trust Fintech Ltd sales was Rs 22 Cr (+32.6% vs Mar 2024) and net profit was Rs 4 Cr.
What is the 52-week high and low of Trust Fintech Ltd?
The 52-week high is Rs 77.00 and the 52-week low is Rs 23.80.