Ugro Capital 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
- Company has delivered good profit growth of 31.6% CAGR over last 5 years
- Comfortable capital adequacy - CAR of 21.2%
- Asset quality is healthy - gross NPA of just 0.0%
- Latest quarter profit grew 77.9% YoY, showing strong momentum
- Company has delivered good sales growth of 63.8% CAGR over last 5 years
CONS
- Net NPA is elevated at 2.2% - provisioning cushion is thin
- A large part of profit comes from other income (46.2% of PBT)
- Company has a low return on equity of 7.9% over last 3 years
- Company has a low return on capital employed of 11.1%
- Free cash flow has been persistently negative
- Equity base is being diluted - shares outstanding up 120.4%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCE | 1045.10 | 32.05 | 650674.48 | 0.57 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| SHRIRAMFIN | 1049.00 | 21.81 | 246827.97 | 1.03 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| CHOLAFIN | 1858.00 | 27.59 | 158685.46 | 0.11 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| TATACAP | 371.70 | 29.20 | 157781.78 | 0.15 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| JIOFIN | 237.70 | 75.95 | 156956.68 | 0.25 | 8302.50 | 2457.29 | 20044.70 | 3172.82 | 2.11 | 69.71 |
| BAJAJHLDNG | 11150.00 | 14.01 | 124092.26 | 1.75 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| MUTHOOTFIN | 2935.00 | 10.36 | 117831.00 | 1.02 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| ABCAPITAL | 399.10 | 26.62 | 109254.11 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| LTF | 315.00 | 24.81 | 78950.11 | 0.87 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| SBICARD | 657.00 | 27.48 | 62522.95 | 0.38 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| HDBFS | 692.90 | 26.45 | 57563.70 | 0.58 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| UGROCAP | 85.15 | 7.56 | 1322.28 | 0.00 | 678.69 | — | 4969.44 | — | 8.75 | 65.64 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 213 | 245 | 268 | 322 | 291 | 330 | 371 | 403 | 414 | 455 | 409 | 488 | 4,174 | |
| 82 | 99 | 107 | 136 | 113 | 139 | 152 | 161 | 156 | 167 | 188 | 198 | 4,053 | |
| Operating Profit | 131 | 146 | 161 | 186 | 179 | 191 | 219 | 242 | 258 | 288 | 221 | 290 | 2,700 |
| OPM % | 61.33% | 59.66% | 59.99% | 57.69% | 61.35% | 57.92% | 58.99% | 60.12% | 62.44% | 63.24% | 54.00% | 59.44% | 64.68% |
| Other Income | 5 | 9 | 12 | 8 | 10 | 13 | 14 | 9 | 8 | 6 | 39 | 21 | 366 |
| Interest | 93 | 105 | 117 | 128 | 136 | 143 | 167 | 181 | 205 | 219 | 237 | 242 | 2,482 |
| Depreciation | 8 | 9 | 9 | 10 | 10 | 11 | 12 | 13 | 13 | 14 | 14 | 27 | 97 |
| 36 | 41 | 46 | 56 | 43 | 50 | 53 | 57 | 48 | 61 | 10 | 42 | 487 | |
| Tax % | 29.21% | 29.19% | 29.86% | 41.57% | 29.12% | 29.11% | 29.19% | 29.12% | 29.15% | 29.12% | 34.16% | 29.12% | -24.77% |
| Net Profit | 25 | 29 | 33 | 33 | 30 | 36 | 38 | 41 | 34 | 43 | 6 | 30 | 607 |
| 3 | 3 | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 0 | 2 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 4 | 39 | 97 | 150 | 306 | 656 | 1,048 | 1,396 | 1,766 | 1,770 | |
| 0 | 0 | 36 | 81 | 85 | 142 | 289 | 425 | 565 | 709 | 959 | |
| Operating Profit | -0 | 3 | 3 | 16 | 65 | 164 | 367 | 623 | 831 | 1,057 | 811 |
| OPM % | -137.86% | 91.72% | 7.82% | 16.48% | 43.32% | 53.53% | 55.97% | 59.48% | 59.55% | 59.86% | 45.82% |
| 2 | 0 | 1 | 8 | 4 | 6 | 27 | 34 | 46 | 74 | 103 | |
| Interest | 0 | 0 | 1 | 14 | 45 | 137 | 293 | 443 | 628 | 903 | 945 |
| Depreciation | 0 | 0 | 2 | 7 | 12 | 12 | 18 | 35 | 46 | 68 | 65 |
| Profit before Tax | 2 | 3 | 2 | 3 | 12 | 20 | 84 | 179 | 203 | 161 | 161 |
| Tax % | 2.21% | 7.60% | -155.07% | -488.28% | -136.85% | 27.89% | 52.55% | 33.24% | 29.14% | 29.43% | 13.15% |
| Net Profit | 2 | 3 | 4 | 20 | 29 | 15 | 40 | 119 | 144 | 113 | 140 |
| EPS | 4.20 | 6.34 | 0.75 | 2.87 | 4.07 | 2.05 | 5.66 | 13.03 | 15.65 | 7.42 | — |
| Dividend Payout % | 0.00% | 0.00% | 206.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 117%
- 5 Years:
- 64%
- 3 Years:
- 39%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 44%
- 5 Years:
- 32%
- 3 Years:
- 42%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- -6%
- 3 Years:
- -34%
- 1 Year:
- -52%
RETURN ON EQUITY
- 10 Years:
- 5%
- 5 Years:
- 6%
- 3 Years:
- 8%
- Last Year:
- 5%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 5 | 23 | 71 | 71 | 71 | 69 | 92 | 92 | 153 | |
| 29 | 32 | 760 | 845 | 873 | 892 | 910 | 1,340 | 1,693 | 2,679 | |
| 0 | 0 | 25 | 271 | 779 | 1,829 | 3,179 | 4,696 | 6,966 | 9,279 | |
| Trade Payables | 0 | 0 | 1 | 13 | 2 | 6 | 13 | 13 | 1 | 7 |
| 0 | 0 | 58 | -4 | -5 | 29 | 117 | 166 | 481 | 313 | |
| Total Liabilities | 34 | 37 | 868 | 1,195 | 1,720 | 2,826 | 4,288 | 6,306 | 9,232 | 12,430 |
| 0 | 0 | 20 | 38 | 36 | 56 | 85 | 130 | 162 | 130 | |
| 26 | 36 | 107 | 73 | 55 | 69 | 60 | 59 | 103 | 1,665 | |
| 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 0 | 0 | 457 | 150 | 308 | 130 | 148 | 419 | 516 | 1,551 |
| 1 | 1 | 283 | 935 | 1,320 | 2,571 | 3,995 | 5,698 | 8,450 | 9,084 | |
| Total Assets | 34 | 37 | 868 | 1,195 | 1,720 | 2,826 | 4,288 | 6,306 | 9,232 | 12,430 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -4 | 1 | -83 | -796 | -345 | -1,116 | -1,209 | -1,535 | -2,474 | -348 | |
| Cash from Investing | 1 | -1 | -347 | 179 | -46 | 43 | -85 | -230 | -80 | -1,577 |
| Cash from Financing | 0 | 0 | 754 | 308 | 508 | 1,023 | 1,279 | 1,814 | 2,655 | 2,947 |
| -3 | 0 | 321 | -312 | 115 | -58 | -26 | 48 | 101 | 1,022 |
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 (₹) | 4.20 | 6.34 | 1.69 | 2.77 | 4.07 | 2.06 | 5.74 | 13.03 | 15.65 | 7.42 |
| Book Value (₹) | 72.48 | 78.82 | 335.84 | 129.74 | 133.83 | 136.35 | 141.26 | 156.26 | 194.15 | 185.28 |
| Dividend per Share (₹) | 0.00 | 0.00 | 3.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 4.11 | 6.21 | 2.41 | 3.74 | 5.62 | 3.73 | 8.12 | 16.55 | 20.28 | 11.89 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 1471.15% | 91.72% | 20.66% | 25.22% | 45.68% | 55.42% | 60.13% | 59.48% | 59.55% | 59.86% |
| Net Margin % | 1438.69% | 84.75% | 10.14% | 20.19% | 19.18% | 4.75% | 6.06% | 11.39% | 10.31% | 6.42% |
| ROE % | 5.97% | 8.38% | 0.96% | 2.30% | 3.09% | 1.53% | 4.10% | 9.90% | 8.95% | 4.91% |
| ROCE % | 6.10% | 9.07% | 0.59% | 1.68% | 3.92% | 7.02% | 10.93% | 12.16% | 11.05% | 10.12% |
| 5.93% | 8.36% | 0.87% | 1.89% | 1.97% | 0.64% | 1.12% | 2.25% | 1.85% | 1.05% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 0 | 0 | 22 | 17 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 22 | 17 | 0 | 0 | 0 | 0 | 0 | 0 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.00x | 0.00x | 0.01x | 0.28x | 0.81x | 1.87x | 3.22x | 3.25x | 3.87x | 3.25x |
| Interest Coverage (x) | 0.00x | 0.00x | 2.48x | 1.24x | 1.27x | 1.15x | 1.29x | 1.40x | 1.32x | 1.18x |
| 45.69x | 487.55x | 53.05x | 1.56x | 0.93x | 0.19x | 0.14x | 0.28x | 0.26x | 0.48x | |
| GROWTH | ||||||||||
| Revenue Growth % | -82.13% | 2464.06% | 1007.53% | 148.34% | 54.93% | 104.46% | 114.31% | 59.64% | 33.20% | 26.53% |
| Operating Profit Growth % | -41.76% | 59.86% | 149.48% | 203.11% | 180.63% | 148.09% | 132.52% | 66.44% | 33.52% | 28.98% |
| Net Profit Growth % | -34.02% | 51.04% | 32.46% | 394.59% | 47.18% | -49.35% | 173.37% | 200.04% | 20.60% | -21.23% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 127.08% | 20.14% | -52.61% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 16.51x | 10.28x | 10.95x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.41x | 0.85x | 0.44x |
| 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 | 9.51x | 9.00x | 7.86x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-28 - Ugro Capital Limited has informed the Exchange regarding allotment of 38000 securities pursuant to Non Convertible Securities at its meeting held on August 28, 2026
2026-08-19 - Ugro Capital Limited has informed the Exchange about publication of notices of the meetings of equity shareholders and secured creditors and unsecured creditors in the newspaper
2026-08-18 - Ugro Capital Limited has informed the Exchange about Amalgamation/Merger
2026-08-17 - Allotment of Commercial Paper
2026-08-14 - Dispatch of notices for convening separate meetings of Equity Shareholders, Secured Creditors (including Secured Non-Convertible Debentures) and Unsecured Creditors (including Unsecured Non-Convertible Debentures) of the Company in connection with the Scheme of Amalgamation pursuant to the NCLT Order dated 6th August 2026.
2026-08-12 - Ugro Capital Limited has informed the Exchange about receipt of the certified copy of NCLT Order dated 6th August 2026
2026-08-12 - Ugro Capital Limited has informed the Exchange about Transcript
2026-08-07 - Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 ( Listing Regulations ) intimating NCLT order dated 06th August 2026 directing the meeting of Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company in connection with the Scheme of Amalgamation.
2026-08-05 - Ugro Capital Limited has informed the Exchange about Link of Recording
News
Recent coverage and analyst commentary for UGROCAP
Loading news…
AI Stock Analyst
Ugro Capital 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