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 ₹ 161 Cr.
- Current Price ₹ 37.0
- High / Low ₹ 53.8 / 26.8
- Stock P/E 7.16
- Book Value ₹ 52.8
- Dividend Yield 0.00 %
- ROCE 13.5 %
- ROE 10.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.70 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 10.4% 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 | |
|---|---|---|---|---|---|---|---|
| 52 | 26 | 25 | 46 | 64 | 61 | 71 | |
| Interest | 20 | 11 | 10 | 22 | 30 | 24 | 23 |
| 16 | 10 | 9 | 11 | 17 | 18 | 16 | |
| Financing Profit | 16 | 5 | 6 | 14 | 17 | 19 | 32 |
| Financing Margin % | 31% | 21% | 23% | 30% | 27% | 31% | 45% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Profit before tax | 15 | 5 | 5 | 14 | 17 | 18 | 31 |
| Tax % | 26% | 22% | 24% | 26% | 25% | 24% | 26% |
| 11 | 4 | 4 | 10 | 13 | 14 | 22 | |
| EPS in Rs | 6.03 | 3.17 | 5.17 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 16% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 42% |
| 3 Years: | 30% |
| TTM: | 63% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -2% |
| 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 | 189 | 186 |
| Borrowing | 148 | 63 | 97 | 248 | 181 | 185 | 176 |
| 67 | 11 | 19 | 43 | 49 | 44 | 24 | |
| Total Liabilities | 254 | 117 | 164 | 372 | 336 | 440 | 430 |
| 1 | 1 | 1 | 0 | 7 | 14 | 23 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Investments | 0 | 2 | 2 | 0 | 0 | 0 | 7 |
| 253 | 114 | 161 | 372 | 327 | 427 | 400 | |
| Total Assets | 254 | 117 | 164 | 372 | 336 | 440 | 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 | -93 | 15 | |
| 0 | -2 | 0 | 2 | -8 | -4 | -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 | -98 | 13 |
| CFO/OP | -70% | -43% | -205% | -492% | 162% | -205% | 39% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| ROE % | 29% | 9% | 9% | 16% | 13% | 9% | 10% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Assets Under Management (AUM) Rs. Crore |
|
|||
| Capital Adequacy Ratio (CRAR/Total CAR) percentage |
||||
| Gross NPA [Stage III] percentage |
||||
| Net NPA [Stage III] percentage |
||||
| Total Disbursements Rs. Crore |
||||
| Employee Count numbers |
||||
| Number of Borrowers numbers |
||||
Extracted by Screener AI
Documents
Announcements
-
Disclosure under SEBI Takeover Regulations
5 June 2026 - Promoter group disclosed no encumbrance on shares for FY 2025-26 under SEBI SAST Regulation 31(4).
-
Copy of Newspaper Publication
23 May 2026 - Audited standalone financial results for quarter and year ended March 31, 2026 published on May 23, 2026.
-
Integrated Filing- Financial
21 May 2026 - FY26 audited standalone results: profit Rs 655.16 lakh, income Rs 1,769.85 lakh.
-
Updates
21 May 2026 - Audited standalone FY26 results: PAT ₹22.46 crore; auditor issued unmodified opinion.
-
Issue of Securities
21 May 2026 - Usha Financial Services issued 700 secured NCDs via private placement, raising Rs 7 crore at 12% for 4 years.
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.