---
title: "Canopy Finance Ltd(Merged) (1273003) — Share Price, Financials & Analysis"
symbol: "1273003"
company: "Canopy Finance Ltd(Merged)"
canonical: "https://tapetide.com/stocks/1273003"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T18:48:42.497Z"
---

# Canopy Finance Ltd(Merged) (1273003)

Canonical page: https://tapetide.com/stocks/1273003

## Company

- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** DELISTED
- **Listed Since:** 2015-11-13
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** canopyfinance.org

## About

Incorporated in 1981, Canopy Finance Ltd is 
engaged in Financing and Investment Activities

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Stock is trading at 7.38 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.80% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 125% | 29% | 51% |
| revenue growth | 9% | -43% | 33% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.74 | 1.2 | 0.47 | 1.69 | 0.13 | 0.12 | 0.3 | 0.38 | 0.2 | 0.37 | 0.3 | 0.14 |
| Expenses | 0.89 | 0.43 | 0.07 | 2.34 | 0.08 | 0.09 | 0.15 | 0.21 | 0.05 | 0.11 | 0.13 | 0.15 |
| Operating Profit | -0.15 | 0.77 | 0.4 | -0.65 | 0.05 | 0.03 | 0.15 | 0.17 | 0.15 | 0.26 | 0.17 | -0.01 |
| OPM % | -20.27 | 64.17 | 85.11 | -38.46 | 38.46 | 25 | 50 | 44.74 | 75 | 70.27 | 56.67 | -7.14 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 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 |
| Profit before tax | -0.15 | 0.77 | 0.4 | -0.65 | 0.05 | 0.03 | 0.15 | 0.17 | 0.15 | 0.26 | 0.17 | -0.01 |
| Tax % | 166.67 | 6.49 | 7.5 | -3.08 | 200 | -133.33 | 46.67 | 11.76 | 46.67 | 7.69 | -5.88 | -500 |
| Net Profit | -0.4 | 0.72 | 0.37 | -0.63 | -0.06 | 0.07 | 0.08 | 0.15 | 0.08 | 0.24 | 0.18 | 0.04 |
| EPS in Rs | -0.43 | 0.77 | 0.4 | -0.68 | -0.06 | 0.08 | 0.08 | 0.14 | 0.08 | 0.23 | 0.17 | 0.04 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.02 | 0.56 | 0.23 | 0.24 | 2.24 | 5.44 | 4.94 | 3.49 | 1 | 1.01 |
| Expenses | 0.89 | 0.65 | 0.21 | 0.32 | 2.46 | 8.8 | 3.59 | 2.92 | 0.51 | 0.44 |
| Operating Profit | 0.13 | -0.09 | 0.02 | -0.08 | -0.22 | -3.36 | 1.35 | 0.57 | 0.49 | 0.57 |
| OPM % | 12.75 | -16.07 | 8.7 | -33.33 | -9.82 | -61.76 | 27.33 | 16.33 | 49 | 56.44 |
| Other Income | 0 | -0.01 | 0 | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.05 | -0.1 | 0.02 | -0.09 | -0.22 | -3.36 | 1.35 | 0.57 | 0.49 | 0.57 |
| Tax % | 80 | 0 | 0 | 0 | 0 | -8.93 | 22.96 | 10.53 | 4.08 | — |
| Net Profit | 0.01 | -0.1 | 0.02 | -0.09 | -0.22 | -3.06 | 1.04 | 0.51 | 0.46 | 0.54 |
| EPS in Rs | — | -0.11 | 0.02 | -0.1 | -0.24 | -3.29 | 1.12 | 0.55 | 0.43 | 0.52 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 9.29 | 9.29 | 9.29 | 9.29 | 9.29 | 9.29 | 9.29 | 9.29 | 10.59 | 10.59 |
| Reserves | -0.06 | -0.16 | -0.14 | -0.23 | -0.45 | -3.52 | -2.49 | -1.98 | 1.09 | 1.5 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0.53 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.05 | 0.02 | 0.03 | 0.02 | 3.17 | 0.73 | 0.39 | 0.1 | 0.13 | 0.08 |
| Total Liabilities | 9.28 | 9.15 | 9.18 | 9.08 | 12.01 | 7.03 | 7.19 | 7.41 | 11.81 | 12.17 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.12 | 3.92 | 5.53 | 3.12 | 0 | 2.22 | 2.05 | 2.55 | 3.65 | 2.02 |
| Other Assets | 8.16 | 5.23 | 3.65 | 5.96 | 12.01 | 4.81 | 5.14 | 4.86 | 8.16 | 10.15 |
| Total Assets | 9.28 | 9.15 | 9.18 | 9.08 | 12.01 | 7.03 | 7.19 | 7.41 | 11.81 | 12.17 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | -0.65 | -0.69 | -0.21 | -0.52 | -2.96 | -0.17 | 0.68 | 0.28 | 0.93 |
| Cash from Investing Activity | 0 | 2.14 | -2.8 | -1.62 | 2.42 | 3.12 | -2.22 | 0.17 | -0.51 | -1.09 |
| Cash from Financing Activity | 0 | -1.45 | 3.58 | 1.71 | -1.86 | 0.03 | 2.23 | -0.9 | 0.18 | 0.23 |
| Net Cash Flow | 0 | 0.03 | 0.1 | -0.11 | 0.04 | 0.18 | -0.17 | -0.05 | -0.05 | 0.07 |
| Free Cash Flow | 0 | -0.65 | -0.69 | -0.21 | -0.52 | -2.96 | -0.17 | 0.68 | 0.28 | 0.93 |
| CFO/OP | — | -500 | 722 | -1050 | 650 | 1345 | 5 | 51 | 49 | 190 |

### Ratios

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 0 | 30.42 | 219.98 | 0 | 16.26 | 12.55 | 0 |
| Inventory Days | — | 0 | — | — | 1460 | 829.71 | 0 | 11.36 | 2.92 | — |
| Days Payable | — | — | — | — | 0 | 551.95 | — | 0 | 0 | — |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 1490.42 | 497.73 | 0 | 27.62 | 15.47 | 0 |
| Working Capital Days | 2007.5 | 2877.06 | 3291.52 | 5633.7 | 8881.67 | 1393.19 | -70.45 | 10.34 | 46.02 | -25.55 |
| ROCE % | 0 | 0.79 | -0.98 | 0.22 | -0.88 | -2.46 | -44.39 | 20.61 | 8.08 | 5.16 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 18.63% | 18.63% | 18.63% | 18.63% | 18.63% | 18.63% | 16.35% | 16.35% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 3.54% | 3.54% |
| Public | 81.37% | 81.37% | 81.37% | 81.37% | 81.37% | 81.37% | 80.12% | 80.11% |
| No. of Shareholders | 576 | 570 | 384 | 335 | 373 | 809 | 904 | 1175 |

### Quarterly

| Category | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 18.63% | 18.63% | 18.63% | 18.63% | 18.63% | 18.63% | 16.35% | 16.35% | 16.35% | 16.35% | 16.35% | 16.35% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 3.54% | 3.54% | 3.54% | 3.54% | 3.54% | 3.54% |
| Public | 81.37% | 81.37% | 81.37% | 81.37% | 81.37% | 81.37% | 80.11% | 80.1% | 80.12% | 80.12% | 80.12% | 80.11% |
| No. of Shareholders | 373 | 413 | 507 | 815 | 809 | 746 | 743 | 788 | 904 | 1169 | 1161 | 1175 |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ba57af70-02a0-46da-9663-707835c6b8e2.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport//76769539304.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport//72106539304.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport//67950539304.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport//5393040319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport//5393040318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport//5393040317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport//5393040316.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:48:42.497Z.