Finkurve Financial Services Ltd
Incorporated in 1984, Finkurve Financials Services Ltd operates in Financing and 
other activities[1]
- Market Cap ₹ 1,582 Cr.
- Current Price ₹ 113
- High / Low ₹ 154 / 82.5
- Stock P/E 80.2
- Book Value ₹ 12.5
- Dividend Yield 0.00 %
- ROCE 14.3 %
- ROE 13.3 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 102% CAGR over last 5 years
Cons
- Stock is trading at 9.07 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -5.82%
- Company has a low return on equity of 7.93% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 392 | 415 | 920 | 494 | 327 | 299 | 18 | 25 | 28 | 57 | |
| 390 | 414 | 917 | 484 | 317 | 288 | 5 | 11 | 14 | 28 | |
| Operating Profit | 2 | 0 | 3 | 10 | 10 | 11 | 13 | 14 | 14 | 29 | 
| OPM % | 1% | 0% | 0% | 2% | 3% | 4% | 71% | 57% | 50% | 51% | 
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 2 | 1 | 2 | 8 | 9 | 8 | 12 | 8 | 7 | 4 | 
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 
| Profit before tax | 1 | -0 | 2 | 2 | 1 | 2 | 1 | 5 | 6 | 25 | 
| Tax % | 30% | 37% | 30% | 33% | 31% | 36% | 38% | 24% | 28% | 21% | 
| 1 | -0 | 1 | 1 | 1 | 2 | 0 | 4 | 5 | 20 | |
| EPS in Rs | 0.05 | -0.04 | 0.07 | 0.12 | 0.06 | 0.20 | 0.05 | 0.32 | 0.36 | 1.55 | 
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | -30% | 
| 3 Years: | 48% | 
| TTM: | 100% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 102% | 
| 3 Years: | 253% | 
| TTM: | 331% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% | 
| 5 Years: | 20% | 
| 3 Years: | 30% | 
| 1 Year: | 31% | 
| Return on Equity | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 8% | 
| 3 Years: | 8% | 
| Last Year: | 13% | 
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 10 | 10 | 10 | 10 | 10 | 10 | 13 | 13 | 13 | 
| Reserves | 10 | 2 | 2 | 3 | 4 | 6 | 6 | 121 | 125 | 145 | 
| 14 | 4 | 31 | 72 | 75 | 111 | 93 | 75 | 78 | 24 | |
| 4 | 2 | 2 | 3 | 9 | 6 | 3 | 7 | 9 | 4 | |
| Total Liabilities | 30 | 18 | 45 | 88 | 98 | 133 | 112 | 215 | 225 | 186 | 
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 
| Investments | 1 | 1 | 0 | 1 | 1 | 3 | 1 | 2 | 4 | 5 | 
| 28 | 16 | 44 | 87 | 96 | 130 | 111 | 211 | 219 | 180 | |
| Total Assets | 30 | 18 | 45 | 88 | 98 | 133 | 112 | 215 | 225 | 186 | 
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 12 | -23 | -35 | 7 | -28 | 30 | -81 | 4 | 28 | |
| -1 | 1 | 0 | -0 | 0 | -1 | -0 | -2 | -0 | 20 | |
| -2 | -11 | 25 | 33 | -6 | 28 | -29 | 85 | -4 | -56 | |
| Net Cash Flow | -1 | 2 | 2 | -2 | 1 | -1 | 1 | 2 | -1 | -8 | 
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 1 | 1 | 2 | 18 | 34 | 10 | 0 | 
| Inventory Days | 4 | 2 | 2 | 4 | 7 | 5 | ||||
| Days Payable | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cash Conversion Cycle | 4 | 2 | 2 | 4 | 8 | 6 | 18 | 34 | 10 | 0 | 
| Working Capital Days | 5 | 7 | 3 | 9 | 86 | 26 | 37 | -186 | -60 | -6 | 
| ROCE % | 2% | 11% | 16% | 11% | 10% | 10% | 9% | 6% | 14% | 
Documents
Announcements
- 
        
          Reconciliation Share Capital Audit For Quarter Ended September 30, 2025
          
            14 Oct - NSE listing w.e.f Oct 1, 2025; 13,110,600 shares listed July 23/29, 2025; issued capital 14,00,19,206.
- 
        
          Compliances-Half Yearly Communication - Debt Instruments
          
            14 Oct - Half-yearly NCD statement: Rs49Cr (12% p.a., 18-Dec-2024–18-Dec-2027) and Rs21Cr (11.75% p.a., 13-Aug-2025–13-Aug-2028).
- 
        
          Announcement under Regulation 30 (LODR)-Resignation of Chief Executive Officer (CEO)
          
            13 Oct - CEO Amit Shroff resigns effective COB October 31, 2025, citing personal reasons.
- 
        
          Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
          
            9 Oct - The Company in today''s Board Meeting allotted shares under the Finkurve ESOP Plan 2018.
- Board Meeting Outcome for Allotment Of Shares Under Finkurve ESOP Plan 2018 9 Oct
Annual reports
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      Financial Year 2025
      from bse
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      Financial Year 2024
      from bse
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      Financial Year 2023
      from bse
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      Financial Year 2022
      from bse
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      Financial Year 2021
      from bse
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      Financial Year 2020
      from bse
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      Financial Year 2019
      from bse
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      Financial Year 2018
      from bse
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      Financial Year 2017
      from bse
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      Financial Year 2016
      from bse
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      Financial Year 2015
      from bse
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      Financial Year 2014
      from bse
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      Financial Year 2013
      from bse
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      Financial Year 2012
      from bse
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      Financial Year 2011
      from bse
Business Overview:[1]
FFSL, erstwhile Sanjay Leasing Limited, is a non-systematically important, non-deposit-taking, Base Layer Non-Banking Financial Company(NBFC). It offers Gold
Loans, Pay Day loans, and loans under co-lending model. For the retail loans segment, the company works in collaboration with Fintech companies.