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Emerald Finance

538882 BSE
₹58.15

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P/E
12.51
View as Markdown
MCP
Close 4 Nov 2026 ₹58.15 −27.60 −32.2% 1Y
Start ₹85.75

Key Fundamentals

MicrocapFinanceFinancial Services

Price-based figures at the close · EPS basis: Consolidated · TTM

Debt to Equity
0.18
EPS (TTM)
₹4.65
Book Value
₹27.97
Market Cap
—
P/E (TTM)
12.51
P/B
2.08
ROE
16.00%
Dividend Yield
0.19%
52W High
₹93.00
52W Low
₹45.23
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

58 Good

Data confidence 94/100

Category scores

Quality
69
Strong
Returns, margins, earnings quality 22% weight
Valuation
48
Average
Cheap vs sector & own history 24% weight
Growth
69
Strong
Sales & profit trajectory 9% weight
Financial Health
87
Strong
Solvency, leverage, coverage 9% weight
Momentum
53
Average
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 59.5% CAGR over last 5 years

Weaknesses

2
  • Company has a low return on equity of 13.4% over last 3 years.
  • Promoter holding has decreased over last 3 years: -8.10%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish4411
OscillatorsBullish243
Moving AveragesStrong Bullish208

Key readings

RSI (14)
58.86
Neutral
MACD (12,26,9)
−1.35
Bullish
SMA (50)
56.87
Bullish
SMA (200)
58.49
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+40.97%
5Y+44.04%
3Y+37.21%
1Y+40.91%
TTM+41.92%

Net profit

Net profit growth by window
10YZero base
5Y+71.88%
3Y+71.00%
1Y+66.67%
TTM+62.30%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2.00 Cr
Mar 2018₹4.00 Cr
Mar 2019₹7.00 Cr
Mar 2020₹8.00 Cr
Mar 2021₹5.00 Cr
Mar 2022₹8.00 Cr
Mar 2023₹12.00 Cr
Mar 2024₹13.00 Cr
Mar 2025₹22.00 Cr
Mar 2026₹31.00 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.00 Cr
Mar 2018₹1.00 Cr
Mar 2019₹1.00 Cr
Mar 2020₹1.00 Cr
Mar 2021₹1.00 Cr
Mar 2022₹2.00 Cr
Mar 2023₹3.00 Cr
Mar 2024₹4.00 Cr
Mar 2025₹9.00 Cr
Mar 2026₹15.00 Cr

Quarterly Results

₹ Cr
538882 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
2.78
3.24
3.42
3.89
4.39
5
5.72
6.45
6.71
6.9
7.8
9.75
9.44
Expenses
1.41
1.73
1.4
1.83
1.45
1.5
1.66
2.08
1.8
1.48
1.77
2.94
2.02
Financing Profit
1.15
1.25
1.58
1.56
2.28
2.74
3.29
3.65
4.23
4.81
5.34
6.1
6.6
Fin. Margin %
41.37%
38.58%
46.2%
40.1%
51.94%
54.8%
57.52%
56.59%
63.04%
69.71%
68.46%
62.56%
69.92%
Other Income
0
0.02
0.01
0.02
0.01
0.01
0.02
0.03
0.03
0
0
0.01
0
Interest
0.22
0.26
0.44
0.5
0.66
0.76
0.77
0.72
0.68
0.61
0.69
0.71
0.82
Depreciation
0
0
0
0.06
0
0
0
0.08
0
0
0
0.17
0.07
PBT
1.15
1.27
1.59
1.52
2.29
2.75
3.31
3.6
4.26
4.81
5.34
5.94
6.53
Tax %
25.22%
25.2%
25.79%
25%
25.33%
25.09%
25.08%
26.39%
25.12%
25.16%
25.09%
26.77%
25.42%
Net Profit
0.86
0.95
1.19
1.13
1.71
2.05
2.48
2.65
3.19
3.6
4
4.35
4.88
EPS (₹)
0.29
0.32
0.39
0.37
0.57
0.63
0.73
0.74
0.92
1.04
1.11
1.17
1.33

Profit & Loss

₹ Cr
538882 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
1
1
2
4
7
8
5
8
12
13
22
31
34
Expenses
1
1
1
4
5
6
3
5
6
6
7
8
8
Financing Profit
0
0
0
1
2
2
2
3
5
6
12
21
23
Fin. Margin %
16%
21%
17%
18%
24%
21%
36%
40%
41%
42%
56%
66%
67%
Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
Interest
0
0
0
0
0
0
0
1
1
1
3
3
3
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
0
0
0
1
2
2
2
3
5
6
12
20
23
Tax %
29%
31%
29%
26%
28%
21%
26%
26%
25%
26%
26%
26%
—
Net Profit
0
0
0
1
1
1
1
2
3
4
9
15
17
EPS (₹)
0.03
0.03
0.07
0.19
0.41
0.44
0.48
0.85
1.15
1.37
2.44
4.19
4.65
Div. Payout %
0%
0%
0%
0%
0%
18%
6%
12%
9%
7%
6%
2%
—

Balance Sheet

₹ Cr
538882 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
3
3
3
3
9
9
9
29
30
30
35
35
Reserves
0
0
1
2
5
6
7
9
13
17
50
62
Borrowing
0
0
0
1
1
3
3
5
5
15
16
17
Other Liabilities
0
0
1
1
1
2
4
3
3
3
4
7
Total Liabilities
3
3
5
7
16
20
23
46
52
65
104
121
Fixed Assets
0
0
0
0
0
0
0
0
0
1
1
1
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
3
3
5
7
16
20
23
45
51
64
103
119
Total Assets
3
3
5
7
16
20
23
46
52
65
104
121

Cash Flow

₹ Cr
538882 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0
0
0
0
−5
−4
3
−23
2
−11
−13
−10
Investing
0
0
−1
0
0
0
0
0
0
0
0
−1
Financing
0
0
2
1
8
1
0
21
3
8
28
−2
Net Cash Flow
0
0
0
1
3
−3
2
−2
5
−4
14
−13
Free Cash Flow
0
0
−1
0
−5
−4
3
−23
1
−12
−13
−11
CFO/OP
0
0
−166
9
−276
−178
107
−586
27
−159
−73
−27

Ratios

538882 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
3%
3%
5%
12%
12%
9%
9%
9%
9%
9%
13%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Emerald Finance insights

47 extracted metrics across FY14–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 59.70%
  • Public 32.51%
  • Others 6.01%
  • FIIs 1.78%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Emerald Finance

What does Emerald Finance Ltd do?
Incorporated in 1983, Emerald Finance Ltd offers financial products and services, including its flagship Earned Wage Access (EWA) in India.
Where is Emerald Finance Ltd (EMERALD) listed?
Emerald Finance Ltd trades under code 538882 on the BSE.
Which sector does Emerald Finance Ltd belong to?
Emerald Finance Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the PE ratio of Emerald Finance Ltd?
Emerald Finance Ltd trades at a PE ratio of 12.51 as of 4 Nov 2026, on earnings per share of ₹4.65, against a book value of ₹27.97 per share.
What is the 52-week high and low of Emerald Finance Ltd?
Over the last 52 weeks Emerald Finance Ltd has traded between ₹45.23 and ₹93 as of 4 Nov 2026.
Does Emerald Finance Ltd pay dividends?
Emerald Finance Ltd has a dividend yield of 0.19%.
What is the Return on Equity (ROE) of Emerald Finance Ltd?
Emerald Finance Ltd reported a return on equity of 16.00%. Its debt-to-equity ratio is 0.18.

Company Information

Incorporated in 1983, Emerald Finance Ltd offers financial products and services, including its flagship Earned Wage Access (EWA) in India.

Website emeraldfin.com
Face Value ₹10

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