Hybrid Financial Services Ltd.

•

hybridfinance.co.inBSE: 500262NSE: HYBRIDFIN

Market Cap₹ 51 Cr.

Current Price

High / Low₹ 34 / 13

Stock P/E31.6

Book Value₹ 15

Price to Book1.15

Dividend Yield0.00 %

ROCE6.3 %

ROE6.5 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2021 • Broking/Income from Capital Market Operations: 66.7% • Financial Services: 33.3%

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 5.2%
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
A large part of profit comes from other income (116.7% of PBT)
Recent results are weak - TTM profit is down 27.6% versus prior year
Operating margins have contracted to -8.3% from 52.9%
Effective tax rate is unusually low at -0.1% - earnings may be flattered
Valuation is stretched - P/E of 31.6 is well above its own 5-year median (18.9)

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

Peer comparison

Financial ServicesFinanceFinance - Stock Broking

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

S.No.	Name
1.	MCX	3275.00	54.16	83509.83	0.24	413.44	103.47	702.00	88.10	48.10	70.40
2.	MOTILALOFS	1035.00	31.48	62340.45	0.58	1273.71	9.53	3425.76	25.49	12.68	57.49
3.	360ONE	1137.00	36.72	46340.08	1.06	330.53	16.11	1226.09	26.85	12.28	63.01
4.	NUVAMA	1815.65	30.89	33447.59	1.53	305.64	15.83	1376.22	22.59	17.52	52.80
5.	ANGELONE	298.00	26.39	27238.29	1.36	231.40	102.15	1429.69	25.35	14.87	33.92
6.	CHOICEIN	760.75	71.30	16947.72	0.00	60.61	26.37	309.79	32.46	19.43	33.83
7.	IIFLCAPS	340.50	18.82	10731.84	0.88	184.16	4.92	631.48	3.13	23.27	35.76
8.	SHAREINDIA	170.60	10.27	3733.16	0.94	124.41	47.45	448.09	31.25	21.00	44.76
9.	ARSSBL	514.10	24.98	3242.24	0.97	23.35	2.35	246.10	22.37	19.72	39.54
10.	MONARCH	378.40	16.57	3001.03	0.26	45.18	-0.15	90.89	-7.25	33.26	66.00
11.	GEOJITFSL	82.64	31.80	2306.67	1.82	19.83	-30.83	160.40	7.46	9.35	20.55
12.	HYBRIDFIN	17.30	15.87	50.92	0.00	1.08	-1.99	1.52	-15.08	6.35	51.32

Detailed Comparison with:

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
	0	0	0	1	0	1	1	1	0	0	1	1	1
	0	0	0	0	0	0	1	1	0	0	1	2	1
Operating Profit	-0	-0	0	0	-0	0	1	0	0	0	0	-1	0
OPM %	-12.00%	-4.00%	40.91%	58.67%	-23.08%	49.06%	39.84%	24.35%	5.88%	8.57%	38.21%	-49.14%	13.06%
	0	0	0	0	1	0	-0	1	0	0	0	1	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	0	0	0	0	1	0	0	1	0	0	0	0	1
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	0	0	0	0	1	0	0	1	0	0	0	0	1
	0.01	0.03	0.10	0.16	0.22	0.12	0.11	0.36	0.03	0.05	0.15	0.15	0.20

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
	1	1	1	1	1	1	1	1	4	4	4
	1	1	1	1	1	1	1	1	3	4	4
Operating Profit	-1	-0	-0	-0	0	0	-0	0	1	-0	0
OPM %	-80.19%	-34.41%	-44.16%	-29.72%	13.96%	8.21%	-25.17%	15.76%	26.52%	-8.34%	1.84%
	1	1	1	1	0	1	0	1	3	3	2
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	0	1	0	0	0	1	0	1	4	3	2
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.56%	-0.07%	0.00%
Net Profit	0	1	0	0	0	1	0	1	4	3	2
EPS	0.00	0.00	0.00	0.00	0.06	0.34	0.01	0.30	1.30	0.92	—
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:: 20%
5 Years:: 34%
3 Years:: 62%

COMPOUNDED PROFIT GROWTH

10 Years:: 14%
5 Years:: 70%
3 Years:: 394%

STOCK PRICE CAGR

10 Years:: 31%
5 Years:: 71%
3 Years:: 27%
1 Year:: 16%

RETURN ON EQUITY

10 Years:: 14%
5 Years:: 17%
3 Years:: 16%
Last Year:: 6%

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
Equity Capital	15	15	15	15	15	15	15	15	15	15
	-9	-8	-13	-13	-13	-12	-11	-10	24	29
	2	2	2	2	2	2	2	2	2	1
Trade Payables	0	0	0	0	0	0	0	0	0	1
	5	4	10	11	10	10	9	10	8	9
Total Liabilities	13	14	14	14	14	15	15	16	50	54
	0	0	0	0	0	0	0	0	0	0
	10	10	10	10	10	10	10	10	24	27
Cash & Bank	2	2	3	3	3	3	4	4	20	21
	1	1	1	1	1	2	1	2	5	5
Total Assets	13	14	14	14	14	15	15	16	50	54

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
	1	0	0	0	0	0	0	-0	-4	1
Cash from Investing	0	0	0	0	0	0	0	0	2	1
Cash from Financing	-1	-0	-0	-0	-0	-0	-0	-0	-1	-1
	0	0	1	0	-0	0	1	0	-3	1

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 (₹)	0.13	0.19	0.13	0.12	0.06	0.34	0.01	0.30	1.30	0.92
Book Value (₹)	2.11	2.29	0.70	0.48	0.69	1.03	1.17	1.48	13.31	15.00
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 (₹)	0.13	0.19	0.13	0.12	0.06	0.34	0.01	0.30	1.34	0.96
PROFITABILITY
Operating Margin %	57.51%	68.45%	50.98%	50.55%	102.08%	83.14%	52.91%	15.76%	26.52%	-8.34%
Net Margin %	51.51%	64.92%	47.32%	47.17%	21.96%	80.42%	2.60%	66.84%	93.64%	73.83%
ROE %	6.29%	8.56%	8.50%	19.77%	10.94%	39.83%	0.69%	22.53%	17.62%	6.48%
ROCE %	4.82%	6.53%	6.16%	9.57%	6.87%	22.23%	0.85%	15.03%	16.50%	6.35%
	2.85%	4.15%	2.71%	2.42%	1.31%	6.84%	0.15%	5.62%	11.61%	5.18%
EFFICIENCY
Debtor Days	0	0	0	0	0	0	0	0	15	17
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	0	0	0	0	0	0	0	15	17
FINANCIAL HEALTH
Debt to Equity (x)	0.45x	0.31x	1.02x	1.49x	1.04x	0.69x	0.61x	0.48x	0.04x	0.02x
Interest Coverage (x)	10.22x	21.54x	15.10x	15.61x	3.51x	43.55x	1.97x	39.43x	171.74x	188.37x
	1.60x	2.32x	2.72x	3.35x	4.74x	8.27x	9.66x	8.75x	12.66x	16.19x
GROWTH
Revenue Growth %	20.51%	16.38%	-7.22%	-7.77%	16.94%	46.09%	-31.02%	52.89%	211.19%	-10.74%
Operating Profit Growth %	-44.99%	38.50%	-30.89%	-8.56%	136.17%	18.98%	-56.10%	115.51%	325.47%	-31.96%
Net Profit Growth %	-46.83%	46.69%	-32.37%	-8.08%	-45.55%	434.95%	-97.77%	3829.02%	335.96%	-29.63%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3834.21%	335.95%	-29.63%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	28.13x	8.65x	18.88x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	5.68x	0.85x	1.15x
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	22.82x	3.48x	10.72x

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	64.02	64.02	64.02	64.02	64.02	64.02	64.02	64.02
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.70	0.70	0.70	0.70	0.69	0.69	0.59	0.37
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	35.28	35.28	35.28	35.28	35.30	35.30	35.39	35.61

Documents

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

2026-09-02

General Updates

2026-09-02 - Hybrid Financial Services Limited has informed the Exchange about General Updates

2026-08-04

Copy of Newspaper Publication

2026-08-04 - Hybrid Financial Services Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-03

Copy of Newspaper Publication

2026-08-03 - Hybrid Financial Services Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-31

Outcome of Board Meeting

2026-07-31 - Hybrid Financial Services Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-28

Shareholders meeting

2026-07-28 - Hybrid Financial Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 11, 2026

2026-07-09

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-09 - Hybrid Financial Services Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-06-23

Trading Window

2026-06-23 - Hybrid Financial Services Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-06-22

Disclosure under SEBI Takeover Regulations

2026-06-22 - K.Chandramouli has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

2026-06-17

General Updates

2026-06-17 - Hybrid Financial Services Limited has informed the Exchange about General Updates

News

Recent coverage and analyst commentary for HYBRIDFIN

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Hybrid Financial Services Ltd.

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Free 5nance Account

Name

MCX

3275.00

54.16

83509.83

0.24

413.44

103.47

702.00

88.10

48.10

70.40

MOTILALOFS

1035.00

31.48

62340.45

0.58

1273.71

9.53

3425.76

25.49

12.68

57.49

360ONE

1137.00

36.72

46340.08

1.06

330.53

16.11

1226.09

26.85

12.28

63.01

NUVAMA

1815.65

30.89

33447.59

1.53

305.64

15.83

1376.22

22.59

17.52

52.80

ANGELONE

298.00

26.39

27238.29

1.36

231.40

102.15

1429.69

25.35

14.87

33.92

CHOICEIN

760.75

71.30

16947.72

0.00

60.61

26.37

309.79

32.46

19.43

33.83

IIFLCAPS

340.50

18.82

10731.84

0.88

184.16

4.92

631.48

3.13

23.27

35.76

SHAREINDIA

170.60

10.27

3733.16

0.94

124.41

47.45

448.09

31.25

21.00

44.76

ARSSBL

514.10

24.98

3242.24

0.97

23.35

2.35

246.10

22.37

19.72

39.54

MONARCH

378.40

16.57

3001.03

0.26

45.18

-0.15

90.89

-7.25

33.26

66.00

GEOJITFSL

82.64

31.80

2306.67

1.82

19.83

-30.83

160.40

7.46

9.35

20.55

HYBRIDFIN

17.30

15.87

50.92

0.00

1.08

-1.99

1.52

-15.08

6.35

51.32

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

Operating Profit

-0

-1

OPM %

-12.00%

-4.00%

40.91%

58.67%

-23.08%

49.06%

39.84%

24.35%

5.88%

8.57%

38.21%

-49.14%

13.06%

-0

Interest

Depreciation

Profit before Tax

Tax %

0.00%

Net Profit

0.01

0.03

0.10

0.16

0.22

0.12

0.11

0.36

0.03

0.05

0.15

0.20

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

Operating Profit

-1

-0

OPM %

-80.19%

-34.41%

-44.16%

-29.72%

13.96%

8.21%

-25.17%

15.76%

26.52%

-8.34%

1.84%

Interest

Depreciation

Profit before Tax

Tax %

0.00%

0.56%

-0.07%

0.00%

Net Profit

EPS

0.00

0.06

0.34

0.01

0.30

1.30

0.92

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

-9

-8

-13

-12

-11

-10

Trade Payables

Total Liabilities

Cash & Bank

Total Assets

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-0

-4

Cash from Investing

Cash from Financing

-1

-0

-1

-0

-3

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

0.13

0.19

0.13

0.12

0.06

0.34

0.01

0.30

1.30

0.92

Book Value (₹)

2.11

2.29

0.70

0.48

0.69

1.03

1.17

1.48

13.31

15.00

Dividend per Share (₹)

0.00

Cash EPS (₹)

0.13

0.19

0.13

0.12

0.06

0.34

0.01

0.30

1.34

0.96

PROFITABILITY

Operating Margin %

57.51%

68.45%

50.98%

50.55%

102.08%

83.14%

52.91%

15.76%

26.52%

-8.34%

Net Margin %

51.51%

64.92%

47.32%

47.17%

21.96%

80.42%

2.60%

66.84%

93.64%

73.83%

ROE %

6.29%

8.56%

8.50%

19.77%

10.94%

39.83%

0.69%

22.53%

17.62%

6.48%

ROCE %

4.82%

6.53%

6.16%

9.57%

6.87%

22.23%

0.85%

15.03%

16.50%

6.35%

2.85%

4.15%

2.71%

2.42%

1.31%

6.84%

0.15%

5.62%

11.61%

5.18%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

FINANCIAL HEALTH

Debt to Equity (x)

0.45x

0.31x

1.02x

1.49x

1.04x

0.69x

0.61x

0.48x

0.04x

0.02x

Interest Coverage (x)

10.22x

21.54x

15.10x

15.61x

3.51x

43.55x

1.97x

39.43x

171.74x

188.37x

1.60x

2.32x

2.72x

3.35x

4.74x

8.27x

9.66x

8.75x

12.66x

16.19x

GROWTH

Revenue Growth %

20.51%

16.38%

-7.22%

-7.77%

16.94%

46.09%

-31.02%

52.89%

211.19%

-10.74%

Operating Profit Growth %

-44.99%

38.50%

-30.89%

-8.56%

136.17%

18.98%

-56.10%

115.51%

325.47%

-31.96%

Net Profit Growth %

-46.83%

46.69%

-32.37%

-8.08%

-45.55%

434.95%

-97.77%

3829.02%

335.96%

-29.63%

0.00%

3834.21%

335.95%

-29.63%

VALUATION

P/E (x)

0.00x

28.13x

8.65x

18.88x

P/B (x)

0.00x

5.68x

0.85x

1.15x

Dividend Yield %

0.00%

0.00x

22.82x

3.48x

10.72x

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

64.02

FIIs

0.00

0.70

0.69

0.59

0.37

Government

0.00

Public

35.28

35.30

35.39

35.61

Hybrid Financial Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Hybrid 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