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 ₹ 145 Cr.
- Current Price ₹ 33.4
- High / Low ₹ 53.8 / 26.8
- Stock P/E 7.21
- Book Value ₹ 49.8
- Dividend Yield 0.00 %
- ROCE 12.4 %
- ROE 8.70 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.67 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.
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 | |
|---|---|---|---|---|---|---|
| 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: | -6% |
| 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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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
23 April 2026 - Newspaper notice published for 01st EGM on 15 May 2026 at 4:00 p.m.
-
Shareholders meeting
21 April 2026 - EGM on May 15, 2026 to approve director appointment, borrowing limit increase to Rs 1,000 crore, related-party transactions.
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Copy of Newspaper Publication
21 April 2026 - Published newspaper ads on 21.04.2026 for 1st EGM notice and explanatory statement.
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Appointment
20 April 2026 - Board met on April 20, 2026; CFO resigned, borrowing limit increased, and multiple related party transactions approved.
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Outcome of Board Meeting
20 April 2026 - Board appoints M/s NGSG & Associates as internal auditor for FY 2026-27, effective April 20, 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.