MarketFriction

Ugro Capital Ltd

NSE UGROCAP · BSE 511742 · Non Banking Financial Company (NBFC)
₹82.35 -1.59%
NSE close2026-10-01
52 week range79.20 - 192.50
Market cap₹1,265 Cr.
P/E9.04
Price band 20% Delivery 52.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue245268322291330371403414455409488417
Interest105117128136143167181205219237242248
Expenses99107136113139152161156167188198147
Financing Profit414458434852615369-164822
Financing Margin %17%16%18%15%15%14%15%13%15%-4%10%5%
Other Income9128101314986392137
Depreciation9910101112131314142710
Profit before tax414656435053574861104249
Tax %29%30%42%29%29%29%29%29%29%34%29%-25%
Net Profit29333330363841344363061
EPS in Rs2.472.782.782.583.023.183.442.923.710.411.903.91
Gross NPA %1.90%2.00%2.00%2.00%2.10%2.10%2.30%2.50%2.40%2.20%2.50%2.60%
Net NPA %1.10%1.10%1.10%1.20%1.30%1.50%1.60%1.70%1.50%1.40%1.60%1.90%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue424441051533126841,0821,4421,7851,770
Interest00011445137293443628903945
Expenses000368185142289425565709701
Financing Profit3237112433101214250174124
Financing Margin %92%86%91%16%10%16%10%15%20%17%10%7%
Other Income000-400000055103
Depreciation0002712121835466865
Profit before tax32323122084179203161161
Tax %14%2%8%-155%-488%-137%28%53%33%29%29%
Net Profit323420291540119144113140
EPS in Rs5.073.345.051.342.193.221.634.4610.1712.227.309.93
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth85%63%38%17%
Compounded Profit Growth44%32%42%-5%
Stock Price CAGR15%-8%-33%-51%
Return on Equity5%6%7%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital555523717171699292153
Reserves252729327968518828969151,3471,9542,692
Borrowing0000242557661,8023,1494,6536,9049,208
Other Liabilities000026363786173188218294
Total Liabilities303234378681,2121,7552,8554,3066,2809,16812,346
Fixed Assets00002038365685130162130
CWIP000011146140613
Investments1525263610773556960591031,665
Other Assets148817311,1011,6592,7244,1466,0918,89710,538
Total Assets303234378681,2121,7552,8554,3066,2809,16812,346
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-109-41-86-799-347-1,125-1,220-1,535-2,474-348
Cash from Investing Activity11-61-1-347179-4643-85-230-80-1,577
Cash from Financing Activity00007543085081,0231,2791,8142,6552,947
Net Cash Flow03-30321-312115-58-26481011,022
Free Cash Flow09-41-101-809-359-1,139-1,261-1,575-2,527-366
CFO/OP-566%281%-207%45%-1,037%-3,265%-504%-658%-306%-230%-278%-28%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %6%10%6%8%1%2%3%2%4%10%8%5%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters2.24%2.24%2.23%2.23%2.23%2.23%2.23%2.25%2.24%1.70%1.99%2.88%
FIIs19.20%19.77%19.76%20.27%20.44%24.70%27.25%29.32%28.99%22.83%22.34%5.45%
DIIs5.81%4.46%3.76%2.55%2.76%2.40%1.85%1.62%1.59%1.38%1.68%1.85%
Public71.40%72.19%72.91%73.61%73.25%69.35%67.34%64.69%65.07%72.49%72.41%88.23%
Others1.34%1.34%1.33%1.33%1.33%1.33%1.33%2.12%2.12%1.60%1.59%1.59%
No. of Shareholders19,67722,47828,77340,87238,99739,18239,62242,37042,18939,15038,78838,742

Fundamentals

Market Cap₹ 1,265 Cr.
Current Price₹ 81.1
Stock P/E9.04
Book Value₹ 183
ROCE10.1 %
ROE4.64 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)-5%
Standalone figures.
Valuation
Market capRs 1,258 Cr
Enterprise valueRs 8,885 Cr
P/E (TTM)8.99x
Price to book0.44x
Price to sales0.71x
EV / EBITDA7.58x
EV / EBIT8.03x
EV / sales5.02x
Earnings yield11.12%
P/E, 3-year average12.60x
P/B, 3-year average0.84x
P/E, 5-year average28.32x
P/B, 5-year average0.94x
Profitability
Operating margin (excl. other income)60.29%
Operating margin (incl. other income)63.38%
EBITDA margin66.21%
Pre-tax margin9.11%
Net profit margin7.91%
Net margin, latest quarter14.54%
ROE4.64%
ROCE10.12%
ROA1.05%
ROE, 3-year average7.58%
ROCE, 3-year average11.11%
ROA, 3-year average1.72%
ROE, 5-year average5.67%
ROCE, 5-year average10.26%
ROA, 5-year average1.38%
ROIC (approx.)7.46%
Tax rate29.44%
Other income / net worth1.94%
Growth
Sales growth (latest year)23.81%
Profit growth (latest year)-21.23%
Sales CAGR, 3 years37.70%
Sales CAGR, 5 years63.38%
Profit CAGR, 3 years41.78%
Profit CAGR, 5 years31.59%
Sales growth QoQ-14.46%
Profit growth QoQ105.45%
Sales growth YoY (latest quarter)0.82%
Profit growth YoY (latest quarter)77.88%
Per share
EPS (TTM)Rs 9.16
EPS (latest year)Rs 7.42
EPS (latest quarter)Rs 3.97
EPS, 3-year averageRs 12.03
EPS, 5-year averageRs 8.78
Book value per shareRs 186.15
Sales per shareRs 115.80
Cash flow per shareRs -22.77
Free cash flow per shareRs -23.95
Efficiency
Asset turnover0.14x
Fixed asset turnover13.69x
Leverage
Total debtRs 9,208 Cr
Cash and bankRs 1,581 Cr
Net debtRs 7,626 Cr
Debt to equity3.24x
Net debt / EBITDA6.51x
Interest coverage1.17x
Owners' fund to total sources23.04%
Debt to assets74.58%
Cash flow
Cash from Operating Activity (latest year)Rs -348 Cr
Cash from Investing Activity (latest year)Rs -1,577 Cr
Cash from Financing Activity (latest year)Rs 2,947 Cr
Net Cash Flow (latest year)Rs 1,022 Cr
Free cash flow (latest year)Rs -366 Cr
FCFE (approx.: FCF + change in debt)Rs 1,938 Cr
Cash from ops / profit, 5 years-15.55x
Statement figures
Net sales (TTM)Rs 1,770 Cr
Net sales (latest year)Rs 1,785 Cr
Sales (latest quarter)Rs 417 Cr
Operating profit excl. other income (latest year)Rs 1,076 Cr
Operating profit (latest quarter)Rs 270 Cr
Other income (TTM)Rs 103 Cr
EBITDA (TTM)Rs 1,172 Cr
PBDT (TTM)Rs 226 Cr
Profit before tax (TTM)Rs 161 Cr
Tax (latest year)Rs 47 Cr
Net profit (TTM)Rs 140 Cr
Net profit (latest year)Rs 113 Cr
Net profit (latest quarter)Rs 61 Cr
Depreciation (TTM)Rs 65 Cr
Depreciation (latest quarter)Rs 10 Cr
Interest (TTM)Rs 945 Cr
Cost of goods sold (latest year)Rs 26 Cr
Total expenditure (latest year)Rs 709 Cr
Total income (latest year)Rs 1,840 Cr
Share capitalRs 153 Cr
ReservesRs 2,692 Cr
Shareholders' fundsRs 2,845 Cr
Total assetsRs 12,346 Cr
Net blockRs 130 Cr
Capital work in progressRs 13 Cr
InvestmentsRs 1,665 Cr
Other liabilitiesRs 294 Cr
Shares outstanding (crore)15.28
Ownership
Promoter holding2.88% (+0.63 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 9.0 is the lowest in its own 7.1-year history (median 84.4, low 9.0, high 395.6).
P/B 0.44 is the lowest in 9.4 years (median 2.75).
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.
PeriodUGROCAPNifty 50Difference
1 week+0.1%-2.8% +2.9 pts
1 month-3.0%-6.8% +3.8 pts
3 months-15.8%-7.6% -8.2 pts
6 months+1.3%+0.4% +0.9 pts
1 year-50.3%-9.9% -40.4 pts
2 years-68.8%-13.6% -55.3 pts
3 years-70.6%+14.2% -84.8 pts
5 years-34.2%+27.9% -62.1 pts
1 mutual fund schemes hold about ₹0 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE 1000 Index Fund0.00%0

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -1157% of net profit over the last 3 years
explainShare dilution Share count up 32% in a year, 74% in three
explainDebt up, profit down Borrowings up 33% while net profit fell in 2026
explainLow interest cover Interest cover 1.2x in 2026
lookAuditor change Auditor change 2026-04-20: Ugro Capital Limited has informed the Exchange regarding Change in Auditors of the company.
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 2026
Revenue ₹417 Cr +0.7% vs Jun 2025. Net profit ₹61 Cr +79.4%.
Against our estimate for Jun 2026: sales -12.9%, profit +77.4% big beat. Our estimate for Sep 2026: sales Rs 505 Cr, profit Rs 39 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-06-05Rights 50:189 @ Premium Rs 152/-
2024-08-01Annual General Meeting
2023-08-01Annual General Meeting
2022-08-04Annual General Meeting
2021-08-24 Annual General Meeting
DateTypeWhat it says
2026-09-30AllotmentAllotment of Non Convertible Debentures
2026-09-28ResignationResignation of Director/KMP/SMP
2026-09-28ResignationResignation of Mr Satish Kumar as Company Secretary & Compliance Officer of the company w.e.f. September 28, 2026.
2026-09-25AllotmentAllotment of Commercial Papers
2026-09-23Concall / analyst meetSchedule of meet
2026-09-23Shareholder meetingVoting results as per Reg 44(3) of the SEBI (LODR) Regulations 2015 for the NCLT Convened Meeting of Equity Shareholders held on 22 September 2026
2026-09-22Shareholder meetingProceedings of Court Convened General Meeting held on September 22, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report...
2026-09-17AllotmentAllotment of 300 securities pursuant to Commercial paper at its meeting held on September 17, 2026
2026-09-16Press ReleaseA press release dated September 16, 2026, titled "UGRO Capital Raises INR 380 Crore from FMO; Third Investment in Three Years Deepens Development Fina...
2026-09-09AllotmentAllotment of Commercial Papers
2026-08-28AllotmentAllotment of 38000 securities pursuant to Non Convertible Securities at its meeting held on August 28, 2026
2026-08-19Amalgamation/MergerPublication of notices of the meetings of equity shareholders and secured creditors and unsecured creditors in the newspaper
2026-08-18Amalgamation/MergerAmalgamation/Merger
2026-08-17AllotmentAllotment of Commercial Paper
2026-08-14Amalgamation/MergerDispatch of notices for convening separate meetings of Equity Shareholders, Secured Creditors (including Secured Non-Convertible Debentures) and Unsec...
2026-08-12Amalgamation/MergerReceipt of the certified copy of NCLT Order dated 6th August 2026
2026-08-12Concall / analyst meetTranscript
2026-08-07Amalgamation/MergerDisclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 ( Listin...
2026-08-05Concall / analyst meetLink of Recording
2026-08-05General UpdatesNewspaper publication of unaudited financial results for the quarter ended 30 June 2026
2026-08-05Credit Rating- NewCredit Rating- New
2026-08-04Investor PresentationInvestor Presentation
2026-08-04Press ReleasePress Release
2026-08-04Registrar & Share Transfer ARegistrar & Share Transfer Agent Update
2026-08-04Board meeting outcomeUgro Capital Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
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 Ugro Capital Ltd?

Ugro Capital Ltd (UGROCAP) has a market capitalisation of Rs 1,265 Cr. at the 2026-10-01 close.

What is the P/E ratio of Ugro Capital Ltd?

Ugro Capital Ltd trades at a P/E of 9.04 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ugro Capital Ltd's latest quarterly results?

In the Jun 2026 quarter, Ugro Capital Ltd revenue was Rs 417 Cr (+0.7% vs Jun 2025) and net profit was Rs 61 Cr.

What is the 52-week high and low of Ugro Capital Ltd?

The 52-week high is Rs 192.50 and the 52-week low is Rs 79.20.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03