Usha Financial Services Ltd
₹ 31.8
4.43%
01 Apr
- close price
About
Incorporated in May 1995, Usha Financial Services Limited is a non-banking finance company providing lending solutions to other NBFCs, corporates, MSMEs, and individuals, particularly women entrepreneurs.[1]
Key Points
- Market Cap ₹ 138 Cr.
- Current Price ₹ 31.8
- High / Low ₹ 53.8 / 26.8
- Stock P/E 6.88
- Book Value ₹ 49.8
- Dividend Yield 0.00 %
- ROCE 12.4 %
- ROE 8.70 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.64 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 11.5% 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 52 | 26 | 25 | 46 | 64 | 61 | |
| Interest | 20 | 11 | 10 | 22 | 30 | 24 |
| 16 | 10 | 9 | 11 | 17 | 18 | |
| Financing Profit | 16 | 5 | 6 | 14 | 17 | 19 |
| Financing Margin % | 31% | 21% | 23% | 30% | 27% | 31% |
| 0 | -0 | 0 | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 15 | 5 | 5 | 14 | 17 | 18 |
| Tax % | 26% | 22% | 24% | 26% | 25% | 24% |
| 11 | 4 | 4 | 10 | 13 | 14 | |
| EPS in Rs | 6.03 | 3.17 | ||||
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 34% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 49% |
| TTM: | 57% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 12% |
| Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 7 | 9 | 11 | 22 | 43 |
| Reserves | 33 | 37 | 41 | 73 | 95 | 189 | 173 |
| Borrowing | 148 | 63 | 97 | 248 | 181 | 185 | 174 |
| 67 | 11 | 19 | 43 | 49 | 44 | 30 | |
| Total Liabilities | 254 | 117 | 164 | 372 | 336 | 440 | 420 |
| 1 | 1 | 1 | 0 | 7 | 14 | 23 | |
| CWIP | -0 | -0 | -0 | -0 | 1 | -0 | -0 |
| Investments | 0 | 2 | 2 | -0 | -0 | -0 | -0 |
| 253 | 114 | 161 | 372 | 327 | 427 | 397 | |
| Total Assets | 254 | 117 | 164 | 372 | 336 | 440 | 420 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -27 | -8 | -35 | -177 | 71 | -93 | |
| 0 | -2 | 0 | 2 | -8 | -4 | |
| 54 | -17 | 35 | 175 | -56 | 95 | |
| Net Cash Flow | 28 | -27 | 0 | -1 | 8 | -2 |
| Free Cash Flow | -27 | -8 | -35 | -177 | 63 | -98 |
| CFO/OP | -70% | -43% | -205% | -492% | 162% | -205% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| ROE % | 29% | 9% | 9% | 16% | 13% | 9% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Assets Under Management (AUM) Rs. Crore |
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| Capital Adequacy Ratio (CRAR/Total CAR) percentage |
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| Gross NPA [Stage III] percentage |
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| Net NPA [Stage III] percentage |
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| Total Disbursements Rs. Crore |
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| Employee Count numbers |
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| Number of Borrowers numbers |
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Documents
Announcements
-
Outcome of Board Meeting
28 March 2026 - Approved allotment of 2nd tranche of 12% secured NCDs (Series P); Series Q issuance deferred (Mar 28, 2026).
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Outcome of Board Meeting
28 March 2026 - Allotted 309 secured 12% NCDs totaling Rs3.09 crore on 28-Mar-2026; 4-year maturity to 27-Mar-2030.
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Trading Window
27 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited FY2025-26 results.
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Updates
26 March 2026 - Board meeting Mar 28, 2026 to approve 2nd tranche 12% Secured NCDs (Series P) and issue Series Q NCDs.
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Outcome of Board Meeting
19 March 2026 - Board approved allotment of first tranche of Series P NCDs on March 19, 2026.
Key Borrowers[1]
1. Loans to NBFCs and Corporates: Providing capital to NBFCs for onward lending and to corporates for working capital needs.
Green Financing / Electric Vehicle Financing: Special focus on financing electric vehicles and batteries, promoting sustainable transportation solutions.
MSMEs, Focusing on Small Entrepreneurs: Financial assistance tailored for small and medium enterprises, with a focus on supporting growth, particularly for women entrepreneurs.