Finkurve Financial Services Ltd.

•

arvog.comBSE: 508954NSE: FINKURVE

Market Cap₹ 931 Cr.

Current Price

High / Low₹ 135 / 48

Stock P/E47.2

Book Value—

Price to Book—

Dividend Yield0.00 %

ROCE14.5 %

ROE13.4 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2019 • Foreign Exchange Trading: 96.4% • NBFC Activity: 3.6% • Leisure & Hospitality: 0.0%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Solid return on assets for a lender - ROA of 4.5%
Asset quality is healthy - gross NPA of just 0.0%
Operating margins have improved to 51.9% from 3.2%
Company has consistently been profitable over the last 5 years
Company generates healthy free cash flow

CONS

Capital adequacy is tight at 0.0% - limited headroom to grow
Company has a low return on equity of 7.4% over last 3 years
Company has a low return on capital employed of 9.9%
Promoter holding has decreased over last 2 years: -2.8pp
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - NBFC

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BAJFINANCE	1046.00	32.08	651234.82	0.57	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1038.00	21.58	244239.69	1.04	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	CHOLAFIN	1849.10	27.46	157925.34	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
4.	TATACAP	362.95	28.51	154067.52	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
5.	JIOFIN	231.15	73.86	152631.62	0.26	830.25	155.73	2004.47	227.28	2.11	69.71
6.	BAJAJHLDNG	10971.00	13.79	122100.11	1.78	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2840.00	10.03	114017.05	1.06	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	400.00	26.68	109501.94	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	311.25	24.51	78010.22	0.88	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	666.00	27.86	63379.43	0.38	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	676.50	25.83	56201.25	0.59	785.20	38.31	4937.90	18.71	9.09	57.98
12.	FINKURVE	66.41	47.19	930.70	0.00	4.91	162.78	23.64	191.67	11.46	35.24

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Dec 2023
	72	56	81	81	105	102	277	24
	41	66	72	58	84	109	72	15
Operating Profit	50	10	27	31	41	1	211	8
OPM %	69.68%	18.34%	33.53%	37.87%	38.80%	1.29%	76.22%	35.24%
Other Income	2	5	-1	2	0	2	2	0
Interest	18	19	16	6	18	6	5	2
Depreciation	2	2	3	2	2	2	1	0
	33	-5	7	25	21	-5	207	7
Tax %	24.05%	16.24%	44.84%	26.38%	27.13%	-32.05%	17.98%	25.94%
Net Profit	25	-4	4	19	15	-7	170	5
	0	-0	0	0	0	-0	1	0

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
	391	415	920	494	326	298	414	25	28	57	72
	390	414	917	484	317	288	401	11	14	28	42
Operating Profit	1	0	3	10	10	10	13	14	14	29	30
OPM %	0.36%	0.02%	0.34%	2.05%	2.95%	3.39%	3.02%	56.60%	49.91%	50.82%	41.95%
	1	0	0	0	1	0	1	0	1	1	0
Interest	2	1	2	8	9	8	12	8	7	4	5
Depreciation	0	0	0	0	0	0	0	1	1	1	1
Profit before Tax	1	-0	2	2	1	2	1	5	6	25	29
Tax %	29.97%	-34.80%	29.66%	33.29%	31.93%	35.81%	32.69%	23.79%	27.83%	20.66%	21.37%
Net Profit	1	-0	1	1	1	2	1	4	5	20	23
EPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.36	1.55	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: -30%
3 Years:: -48%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 102%
3 Years:: 184%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 7%
5 Years:: 8%
3 Years:: 7%
Last Year:: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Equity Capital	1	10	10	10	10	10	10	13	13	13
Minority Interest	2	2	2	2	2	2	2	2	2	0
	10	1	2	3	4	6	7	121	125	145
	15	4	31	72	75	111	93	75	78	25
Trade Payables	0	0	0	0	0	0	0	1	1	2
	1	-0	-0	1	6	3	2	3	12	10
Total Liabilities	30	17	45	88	98	133	114	214	231	193
	0	0	0	0	0	0	1	2	2	1
	1	1	0	1	1	3	1	2	4	5
	4	3	4	5	6	4	4	0	0	0
	0	0	0	0	0	0	0	0	0	0
Cash & Bank	2	4	6	4	5	4	5	13	15	3
	22	9	33	78	85	122	104	197	210	185
Total Assets	30	17	45	88	98	133	114	214	231	193

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	2	12	-22	-34	8	-27	29	-80	6	35
Cash from Investing	-1	1	0	-0	0	-1	1	-2	-0	20
Cash from Financing	-2	-11	25	33	-6	28	-29	85	-4	-56
	-1	2	2	-2	1	-1	1	2	-1	-8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.99	58.99	61.70	62.07	62.07	56.26	56.24	56.24	56.21
	5.84	5.84	5.84	5.89	6.61	6.71	6.70	7.02	7.30
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	35.17	35.17	32.46	32.05	31.32	37.04	37.05	36.73	36.49

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-11 - Finkurve Financial Services Limited has informed the Exchange about Schedule of meet

2026-09-10

Updates

2026-09-10 - Finkurve Financial Services Limited has informed the Exchange regarding 'intimation for interest payment to concerned NCD Holders'.

2026-09-05

Updates

2026-09-05 - Finkurve Financial Services Limited has informed the Exchange regarding 'Intimation for interest payment to concerned NCD Holders'.

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Finkurve Financial Services Limited has informed the Exchange about Newspaper Publication of notice of 42nd Annual General Meeting under Regulation 47 of the SEBI (Listing of Obligations and Disclosure Requirement) Regulations, 2015

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Finkurve Financial Services Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-01

General Updates

2026-09-01 - Finkurve Financial Services Limited has informed the Exchange about General Updates

2026-09-01

Shareholders meeting

2026-09-01 - Finkurve Financial Services Limited has informed the Exchange about Shareholders meeting

2026-09-01

Outcome of Board Meeting

2026-09-01 - Outcome of Board Meeting

2026-09-01

Updates

2026-09-01 - Finkurve Financial Services Limited has informed the Exchange regarding 'Intimation for interest payment to concerned NCD Holders'.

News

Recent coverage and analyst commentary for FINKURVE

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Finkurve Financial Services Ltd.

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Free 5nance Account

Name

BAJFINANCE

1046.00

32.08

651234.82

0.57

6080.60

27.60

23165.45

20.37

10.87

70.70

SHRIRAMFIN

1038.00

21.58

244239.69

1.04

3452.77

59.90

13400.43

17.46

11.49

74.63

CHOLAFIN

1849.10

27.46

157925.34

0.11

1656.22

45.56

8856.29

21.89

9.70

70.07

TATACAP

362.95

28.51

154067.52

0.16

16281.80

1464.16

88219.30

1051.00

8.66

75.72

JIOFIN

231.15

73.86

152631.62

0.26

830.25

155.73

2004.47

227.28

2.11

69.71

BAJAJHLDNG

10971.00

13.79

122100.11

1.78

2708.08

-92.27

394.33

23.34

14.81

684.72

MUTHOOTFIN

2840.00

10.03

114017.05

1.06

2824.84

43.08

8671.60

36.25

15.87

83.76

ABCAPITAL

400.00

26.68

109501.94

0.00

1223.85

43.85

12179.54

137.84

8.82

41.91

LTF

311.25

24.51

78010.22

0.88

915.99

30.70

5212.92

22.38

8.54

62.13

SBICARD

666.00

27.86

63379.43

0.38

664.44

19.51

5040.55

7.60

11.75

29.83

HDBFS

676.50

25.83

56201.25

0.59

785.20

38.31

4937.90

18.71

9.09

57.98

FINKURVE

66.41

47.19

930.70

0.00

4.91

162.78

23.64

191.67

11.46

35.24

Sep 2020

Dec 2020

Mar 2021

Jun 2021

Sep 2021

Dec 2021

Mar 2022

Dec 2023

105

102

277

109

Operating Profit

211

OPM %

69.68%

18.34%

33.53%

37.87%

38.80%

1.29%

76.22%

35.24%

Other Income

-1

Interest

Depreciation

-5

207

Tax %

24.05%

16.24%

44.84%

26.38%

27.13%

-32.05%

17.98%

25.94%

Net Profit

-4

-7

170

-0

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

TTM

391

415

920

494

326

298

414

390

414

917

484

317

288

401

Operating Profit

OPM %

0.36%

0.02%

0.34%

2.05%

2.95%

3.39%

3.02%

56.60%

49.91%

50.82%

41.95%

Interest

Depreciation

Profit before Tax

-0

Tax %

29.97%

-34.80%

29.66%

33.29%

31.93%

35.81%

32.69%

23.79%

27.83%

20.66%

21.37%

Net Profit

-0

EPS

0.00

0.36

1.55

—

Dividend Payout %

0.00%

—

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Equity Capital

Minority Interest

121

125

145

111

Trade Payables

-0

Total Liabilities

133

114

214

231

193

Cash & Bank

122

104

197

210

185

Total Assets

133

114

214

231

193

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

-22

-34

-27

-80

Cash from Investing

-1

-0

-1

-2

-0

Cash from Financing

-2

-11

-6

-29

-4

-56

-1

-2

-1

-8

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

58.99

61.70

62.07

56.26

56.24

56.21

5.84

5.89

6.61

6.71

6.70

7.02

7.30

DIIs

0.00

Government

0.00

35.17

32.46

32.05

31.32

37.04

37.05

36.73

36.49

Finkurve Financial Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Finkurve Financial Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI