Fusion Finance Ltd.
•Add ratio to table
ABOUT
AI Sector View
AI GENERATEDFinancial Services
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.
PROS
- Comfortable capital adequacy - CAR of 36.5%
- Latest quarter profit grew 167.7% YoY, showing strong momentum
- Institutional investors have been accumulating - FII+DII up 4.4pp
- Company generates healthy free cash flow
CONS
- Company has a low return on equity of -11.6% over last 3 years
- Company has a low return on capital employed of 5.8%
- Promoter holding has decreased over last 2 years: -3.8pp
- Equity base is being diluted - shares outstanding up 61.0%
- Operating margins have contracted to 26.6% from 67.2%
- Company has delivered a poor profit growth of -20.6% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCE | 1060.50 | 32.52 | 660262.45 | 0.57 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| SHRIRAMFIN | 1041.00 | 21.64 | 244945.59 | 1.04 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| TATACAP | 375.00 | 29.46 | 159182.59 | 0.15 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| JIOFIN | 239.85 | 76.64 | 158376.35 | 0.25 | 8302.50 | 2457.29 | 20044.70 | 3172.82 | 2.11 | 69.71 |
| CHOLAFIN | 1839.00 | 27.31 | 157062.74 | 0.11 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| BAJAJHLDNG | 11148.75 | 14.01 | 124078.35 | 1.75 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| MUTHOOTFIN | 2920.00 | 10.31 | 117228.79 | 1.03 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| ABCAPITAL | 404.80 | 27.00 | 110815.96 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| LTF | 314.00 | 24.73 | 78699.47 | 0.88 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| SBICARD | 657.90 | 27.52 | 62608.60 | 0.38 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| HDBFS | 682.25 | 26.05 | 56678.94 | 0.59 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| FUSION | 203.20 | 19.67 | 3313.83 | 0.00 | 62.41 | 167.65 | 458.17 | 5.46 | 6.28 | 46.67 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 531 | 547 | 593 | 646 | 688 | 692 | 474 | 466 | 434 | 401 | 399 | 401 | 4,582 | |
| 208 | 213 | 243 | 286 | 532 | 884 | 773 | 458 | 387 | 318 | 284 | 258 | 3,959 | |
| Operating Profit | 323 | 334 | 350 | 360 | 157 | -187 | -293 | 16 | 48 | 98 | 132 | 166 | 2,139 |
| OPM % | 60.82% | 61.11% | 59.04% | 55.76% | 22.76% | -27.08% | -61.90% | 3.36% | 11.03% | 24.38% | 33.14% | 41.26% | 46.67% |
| Other Income | 22 | 25 | 20 | 29 | 18 | 7 | 3 | 2 | 11 | 17 | 8 | 6 | 1 |
| Interest | 183 | 191 | 201 | 215 | 223 | 227 | 214 | 179 | 149 | 134 | 123 | 132 | 1,498 |
| Depreciation | 2 | 2 | 2 | 3 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 17 |
| 159 | 166 | 166 | 172 | -51 | -410 | -508 | -165 | -92 | -22 | 14 | 37 | 624 | |
| Tax % | 24.46% | 24.10% | 24.05% | 22.72% | 29.77% | 25.64% | -41.73% | -0.00% | -0.00% | -0.00% | 0.00% | -205.24% | 0.00% |
| Net Profit | 120 | 126 | 126 | 133 | -36 | -305 | -719 | -165 | -92 | -22 | 14 | 114 | 624 |
| 12 | 13 | 13 | 12 | -3 | -28 | -65 | -15 | -7 | -2 | 1 | 7 | 4 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 185 | 254 | 486 | 720 | 856 | 1,151 | 1,742 | 2,317 | 2,344 | 1,699 | 1,660 | |
| 97 | 182 | 194 | 290 | 437 | 676 | 638 | 949 | 2,646 | 1,247 | 1,256 | |
| Operating Profit | 88 | 72 | 292 | 430 | 419 | 476 | 1,104 | 1,367 | -302 | 451 | 403 |
| OPM % | 47.44% | 28.37% | 60.00% | 59.73% | 48.90% | 41.32% | 63.39% | 59.02% | -12.90% | 26.58% | 24.29% |
| 16 | 13 | 43 | 10 | 17 | 54 | 66 | 96 | 25 | 63 | 31 | |
| Interest | 97 | 137 | 244 | 338 | 375 | 500 | 651 | 791 | 844 | 568 | 540 |
| Depreciation | 2 | 2 | 2 | 3 | 4 | 5 | 7 | 9 | 12 | 10 | 9 |
| Profit before Tax | 5 | -54 | 88 | 100 | 57 | 24 | 512 | 663 | -1,133 | -63 | 92 |
| Tax % | 14.91% | 26.47% | 25.92% | 30.39% | 22.62% | 10.94% | 24.38% | 23.82% | -8.08% | 122.01% | -83.70% |
| Net Profit | 4 | -39 | 65 | 70 | 44 | 22 | 387 | 505 | -1,225 | 14 | 169 |
| EPS | 1.18 | -11.09 | 13.21 | 10.32 | 5.49 | 2.64 | 43.13 | 50.22 | -121.66 | 0.86 | — |
| 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:
- 31%
- 5 Years:
- 15%
- 3 Years:
- -1%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 0%
- 5 Years:
- -21%
- 3 Years:
- -67%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- -30%
- 1 Year:
- 20%
RETURN ON EQUITY
- 10 Years:
- 0%
- 5 Years:
- -2%
- 3 Years:
- -12%
- Last Year:
- 1%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 41 | 62 | 79 | 79 | 83 | 100 | 101 | 101 | 162 | |
| 185 | 214 | 561 | 1,116 | 1,160 | 1,246 | 2,214 | 2,729 | 1,512 | 2,257 | |
| 935 | 1,570 | 2,634 | 2,974 | 4,432 | 5,776 | 6,778 | 8,625 | 6,412 | 5,585 | |
| Trade Payables | 0 | 0 | 0 | 4 | 11 | 37 | 72 | 68 | 19 | 32 |
| 53 | 118 | 129 | 37 | 78 | 62 | 122 | 160 | 249 | 183 | |
| Total Liabilities | 1,208 | 1,943 | 3,386 | 4,209 | 5,761 | 7,204 | 9,286 | 11,683 | 8,293 | 8,218 |
| 5 | 5 | 6 | 6 | 18 | 19 | 21 | 31 | 27 | 26 | |
| 211 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 4 | 7 | |
| Cash & Bank | 167 | 506 | 935 | 818 | 1,335 | 1,154 | 1,065 | 1,516 | 831 | 1,957 |
| 826 | 1,432 | 2,445 | 3,385 | 4,408 | 6,031 | 8,200 | 10,119 | 7,429 | 6,226 | |
| Total Assets | 1,208 | 1,943 | 3,386 | 4,209 | 5,761 | 7,204 | 9,286 | 11,683 | 8,293 | 8,218 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -245 | -594 | -941 | -706 | -739 | -1,599 | -1,550 | -1,350 | 1,448 | 1,146 | |
| Cash from Investing | -199 | 184 | -4 | 20 | 10 | 18 | 18 | 31 | 74 | 12 |
| Cash from Financing | 578 | 741 | 1,349 | 545 | 1,459 | 1,418 | 1,584 | 1,843 | -2,214 | -67 |
| 121 | 329 | 381 | -184 | 676 | -204 | -61 | 524 | -692 | 1,092 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 1.20 | -9.64 | 10.55 | 8.82 | 5.56 | 2.63 | 38.58 | 50.22 | -121.66 | 0.86 |
| Book Value (₹) | 64.09 | 61.85 | 101.12 | 151.30 | 156.83 | 160.18 | 230.59 | 281.22 | 160.27 | 149.72 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 1.61 | -8.79 | 10.66 | 8.86 | 5.86 | 3.17 | 38.08 | 49.51 | -116.72 | 1.45 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 56.17% | 33.42% | 68.86% | 61.12% | 50.92% | 46.05% | 67.17% | 59.02% | -12.90% | 26.58% |
| Net Margin % | 2.22% | -15.49% | 13.44% | 9.66% | 5.13% | 1.89% | 22.23% | 21.81% | -52.24% | 0.82% |
| ROE % | 2.83% | -16.62% | 14.90% | 7.66% | 3.61% | 1.70% | 21.27% | 19.65% | -55.13% | 0.69% |
| ROCE % | 11.74% | 5.49% | 12.95% | 11.76% | 8.77% | 8.21% | 14.34% | 14.14% | -2.96% | 6.28% |
| 0.45% | -2.50% | 2.45% | 1.83% | 0.88% | 0.34% | 4.70% | 4.82% | -12.26% | 0.17% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 0 | 1 | 0 | 1 | 1 | 1 | 2 | 2 | 1 | 1 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 1 | 0 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 4.23x | 6.23x | 4.25x | 2.49x | 3.58x | 4.36x | 2.93x | 3.04x | 3.97x | 2.30x |
| Interest Coverage (x) | 1.05x | 0.61x | 1.36x | 1.30x | 1.15x | 1.05x | 1.79x | 1.84x | -0.34x | 0.89x |
| 2.70x | 2.00x | 1.93x | 2.75x | 2.57x | 3.94x | 4.48x | 0.29x | 0.20x | 0.60x | |
| GROWTH | ||||||||||
| Revenue Growth % | 67.75% | 37.62% | 91.09% | 48.12% | 18.82% | 34.52% | 51.30% | 33.00% | 1.17% | -27.54% |
| Operating Profit Growth % | 45.30% | -18.12% | 293.73% | 31.49% | -1.01% | 21.65% | 120.70% | 25.05% | -118.97% | 285.30% |
| Net Profit Growth % | -69.46% | -1061.96% | 265.81% | 6.52% | -36.87% | -50.49% | 1679.59% | 30.52% | -342.34% | 101.13% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 30.17% | -342.27% | 100.70% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.93x | 0.00x | 160.76x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.65x | 0.87x | 0.92x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.04x | -25.16x | 11.36x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-03 - Fusion Finance Limited has informed the Exchange about General Updates
2026-08-31 - Fusion Finance Limited has informed the Exchange about Schedule of meet
2026-08-17 - Fusion Finance Limited has informed the Exchange about Transcript
2026-08-15 - Fusion Finance Limited has informed the Exchange about General Updates
2026-08-13 - The Exchange has sought clarification from Fusion Finance Limited with respect to recent news item captioned Fusion Finance aims to cut microfin share, offer larger retail loans. The response from the Company is attached.
2026-08-12 - The Exchange has sought clarification from Fusion Finance Limited with respect to recent news item captioned Fusion Finance aims to cut microfin share, offer larger retail loans. The response from the Company is awaited.
2026-08-11 - Fusion Finance Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-11 - Fusion Finance Limited has informed the Exchange about General Updates
2026-08-11 - Fusion Finance Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
News
Recent coverage and analyst commentary for FUSION
Loading news…
AI Stock Analyst
Fusion Finance Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account