Turtlemint Fintech Solutions Ltd
Incorporated in 2015, Turtlemint Limited is
a technology-enabled insurance distribution platform that connects customers, insurance advisors (Digital Partners), and insurers.[1]
- Market Cap ₹ 4,476 Cr.
- Current Price ₹
- High / Low ₹ /
- Stock P/E
- Book Value ₹
- Dividend Yield %
- ROCE -29.2 %
- ROE -30.6 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -39.7% over last 3 years.
- Company has high debtors of 539 days.
- Working capital days have increased from 1,176 days to 1,827 days
* 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.
Peer comparison
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 294 | 418 | 74 | 31 | |
| 463 | 729 | 285 | 187 | |
| Operating Profit | -170 | -312 | -211 | -157 |
| OPM % | -58% | -75% | -285% | -511% |
| 11 | 41 | 40 | 26 | |
| Interest | 2 | 2 | 2 | 1 |
| Depreciation | 5 | 12 | 20 | 22 |
| Profit before tax | -165 | -286 | -193 | -154 |
| Tax % | 0% | 0% | 0% | 0% |
| -165 | -286 | -193 | -154 | |
| EPS in Rs | -16,066.99 | -27,351.53 | -18,396.37 | -14,798.46 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -53% |
| TTM: | -59% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 2% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -40% |
| Last Year: | -31% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 |
| Reserves | 110 | 748 | 569 | 434 |
| 19 | 28 | 21 | 17 | |
| 73 | 130 | 29 | 34 | |
| Total Liabilities | 202 | 906 | 619 | 486 |
| 18 | 57 | 38 | 19 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 115 |
| 183 | 848 | 580 | 353 | |
| Total Assets | 202 | 906 | 619 | 486 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -184 | -283 | -241 | -132 | |
| 194 | -582 | 247 | 108 | |
| -13 | 903 | -10 | 1 | |
| Net Cash Flow | -4 | 38 | -4 | -23 |
| Free Cash Flow | -190 | -295 | -242 | -133 |
| CFO/OP | 108% | 90% | 111% | 94% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 96 | 92 | 183 | 539 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 96 | 92 | 183 | 539 |
| Working Capital Days | 10 | 472 | 1,230 | 1,827 |
| ROCE % | -63% | -28% | -29% |
Documents
Announcements
No data available.
Business Profile[1]
Turtlemint is a technology-enabled insurance distribution platform connecting customers, insurance advisors and insurers. It pioneered
the PoSP (Point of Sale Person) model in 2015 and operates India's largest certified PoSP network among peers as of December
2025.