Usha Financial Services Ltd
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]
- Market Cap ₹ 255 Cr.
- Current Price ₹ 58.6
- High / Low ₹ 59.8 / 26.8
- Stock P/E 10.1
- Book Value ₹ 52.8
- Dividend Yield 0.00 %
- ROCE 13.5 %
- ROE 10.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.11 times its book value
- Company has delivered good profit growth of 42.2% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 10.3% 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 Finance Non Banking Financial Company (NBFC)
Part of Nifty SME Emerge
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 52 | 26 | 25 | 46 | 64 | 61 | 71 | 74 | |
| Revenue growth | -50% | -2% | +82% | +39% | -4% | +17% | +15% | |
| Interest | 20 | 11 | 10 | 22 | 30 | 24 | 23 | 23 |
| 16 | 10 | 9 | 11 | 17 | 18 | 16 | 16 | |
| Financing Profit | 16 | 5 | 6 | 14 | 17 | 18 | 32 | 36 |
| Financing Margin % | 31% | 21% | 23% | 30% | 27% | 30% | 45% | 48% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 |
| Profit before tax | 15 | 5 | 5 | 14 | 17 | 18 | 31 | 34 |
| Tax % | 26% | 22% | 24% | 26% | 25% | 24% | 26% | |
| 11 | 4 | 4 | 10 | 13 | 13 | 22 | 25 | |
| EPS in Rs | 4.02 | 3.07 | 5.17 | 5.80 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 16% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 42% |
| 3 Years: | 30% |
| TTM: | 67% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 10% |
| Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 7 | 9 | 11 | 22 | 43 |
| Reserves | 33 | 37 | 41 | 73 | 95 | 187 | 186 |
| Borrowing | 148 | 63 | 97 | 248 | 181 | 185 | 176 |
| 67 | 11 | 19 | 43 | 49 | 37 | 24 | |
| Total Liabilities | 254 | 117 | 164 | 372 | 336 | 431 | 430 |
| 1 | 1 | 1 | 0 | 7 | 23 | 23 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Investments | 0 | 2 | 2 | 0 | 0 | 0 | 7 |
| 253 | 114 | 161 | 372 | 327 | 408 | 400 | |
| Total Assets | 254 | 117 | 164 | 372 | 336 | 431 | 430 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -27 | -8 | -35 | -177 | 71 | -95 | 15 | |
| 0 | -2 | 0 | 2 | -8 | -2 | -8 | |
| 54 | -17 | 35 | 175 | -56 | 95 | -11 | |
| Net Cash Flow | 28 | -27 | 0 | -1 | 8 | -2 | -3 |
| Free Cash Flow | -27 | -8 | -35 | -177 | 63 | -100 | 13 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| ROE % | 29% | 9% | 9% | 16% | 13% | 8% | 10% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Active Borrowers count |
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| Assets Under Management (AUM) Rs. lakh |
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| Gross NPA (% of AUM) % |
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| Net NPA (% of AUM) % |
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| Total Disbursements Rs. lakh |
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| Wholesale Segment Share of AUM % |
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Extracted by Screener AI
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted reconciliation of share capital audit report for quarter ended 30 September 2026.
-
Integrated Filing- Governance
- Submitted Q2 FY27 corporate governance and investor complaints report; Sudhanshu Singhal appointed independent director.
-
Allotment of Securities
- UFSL allotted 279 secured NCDs worth Rs 2.79 crore on 16 Oct 2026.
-
Outcome of Board Meeting
- Board approved allotment of second tranche of 279 unlisted debentures on private placement basis on October 16, 2026.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) RTA confirmation certificate for quarter ended September 30, 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.