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 ₹ 4,007 Cr.
- Current Price ₹ 136
- High / Low ₹ 147 / 126
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE -35.6 %
- ROE -36.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 105 to 52.8 days.
- Company's working capital requirements have reduced from 427 days to 30.7 days
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 13.2%
- Company has a low return on equity of -34.5% 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.
Peer comparison
Financial Services Financial Services Financial Technology (Fintech) Financial Technology (Fintech)
Part of BSE IPO
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 294 | 420 | 79 | 663 | 1,098 | |
| 465 | 734 | 290 | 850 | 1,229 | |
| Operating Profit | -171 | -314 | -211 | -188 | -130 |
| OPM % | -58% | -75% | -269% | -28% | -12% |
| 11 | 40 | 40 | 30 | -44 | |
| Interest | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 5 | 12 | 20 | 29 | 16 |
| Profit before tax | -168 | -288 | -193 | -189 | -193 |
| Tax % | 0% | 0% | 0% | 2% | -4% |
| -168 | -288 | -193 | -194 | -184 | |
| EPS in Rs | -16,286.41 | -27,603.45 | -18,467.05 | -18,628.60 | -34.51 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 38% |
| TTM: | 66% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -48% |
| 3 Years: | -35% |
| Last Year: | -36% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 5 |
| Reserves | 106 | 742 | 562 | 409 | 300 |
| 19 | 28 | 21 | 28 | 18 | |
| 74 | 131 | 30 | 142 | 126 | |
| Total Liabilities | 199 | 900 | 613 | 579 | 450 |
| 18 | 57 | 38 | 44 | 34 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 181 | 843 | 575 | 535 | 416 | |
| Total Assets | 199 | 900 | 613 | 579 | 450 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -186 | -286 | -242 | -216 | -182 | |
| 196 | -579 | 248 | 235 | 172 | |
| -13 | 903 | -10 | -15 | -13 | |
| Net Cash Flow | -3 | 37 | -4 | 5 | -23 |
| Free Cash Flow | -192 | -298 | -243 | -218 | -185 |
| CFO/OP | 108% | 91% | 111% | 132% | 120% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 95 | 91 | 173 | 88 | 53 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 95 | 91 | 173 | 88 | 53 |
| Working Capital Days | 9 | 467 | 1,156 | 95 | 31 |
| ROCE % | -64% | -28% | -37% | -36% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Active Transacting Digital Partners count (quarterly average) |
|
||
| General Insurance as % of Revenue from Operations % |
|||
| Number of Digital Partners count |
|||
| Number of Insurance Policies Sold million |
|||
| Percentage of Platform Premium distributed in B30+ markets % |
|||
| Platform Premium ₹ million |
|||
| Top 10 Insurer Partners as % of Platform Premium % |
|||
| PoSP Market Share in India % |
|||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14h - Copy of newspaper advertisement for publication of Audited Financial Results (standalone and consolidated) ....
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Audio recording of Q4 and FY26 earnings call uploaded on July 17, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
2d - Board approved FY26 audited standalone and consolidated results on July 17, 2026; PKF appointed internal auditors for FY27.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Turtlemint announced FY26 audited results: revenue rose 57%, Q4 turned profitable, PAT ₹3 crore.
- Audited Financial Results (Standalone And Consolidated) For The Quarter And Financial Year Ended March 31, 2026 2d
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.