SG Finserv logo

SG Finserv

SGFIN NSE

Key Fundamentals

MicrocapNBFCFinancial Services
Market Cap
₹4,353 Cr
Volatility
Moderate
P/E Ratio
25.89
EBITDA
₹307 Cr
Return on Equity
8.74%
Debt to Equity
1.65
Book Value
₹224.81
52W High
₹727.45
52W Low
₹323

Tapetide Score

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

Key Insights

Strengths

4
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 141% CAGR over last 5 years
  • Promoter holding has increased by 4.03% over last quarter.
  • Company's median sales growth is 40.3% of last 10 years

Weaknesses

4
  • Stock is trading at 2.95 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 10.1% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
95.95% lower than 3Y
Net Income Growth
57.65% lower than 3Y
Cash Flow Change
-220% lower than 3Y
ROE
9.52% higher than 3Y
ROCE
31.18% lower than 3Y
EBITDA Margin (Avg.)
9.72% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk high

SG Finserve Ltd is a small-cap financial services company with a market cap of ₹3,829 Cr, trading at a PE of 34.7x and PB of 2.99x. The company has demonstrated explosive revenue growth (100% CAGR over 3 years) and profit growth (91% CAGR over 3 years), but carries a modest ROE of ~10% and pays no dividend despite consistent profitability.

Bull Case 8
  • Exceptional 5-year compounded sales growth of 169% CAGR indicates rapidly scaling business operations
  • Compounded profit growth of 141% CAGR over 5 years demonstrates strong earnings momentum
  • TTM revenue growth of 96% shows continued acceleration in top-line performance
  • Promoter holding increased by 2.61% in the last quarter, signaling insider confidence
  • 10-year median sales growth of 40.3% reflects a sustained long-term growth trajectory
  • Stock price CAGR of 203% over 5 years reflects significant market re-rating of the business
  • Company is expected to deliver a good upcoming quarter based on available indicators
  • 10-year compounded profit growth of 107% CAGR shows the business has scaled profitably over a long duration
Bear Case 8
  • Return on equity of just 10.1% over 3 years is low for a financial services company trading at 2.99x book value
  • PE ratio of 34.7x is elevated for a company generating only 10% ROE, implying poor capital efficiency relative to valuation
  • Zero dividend yield despite repeated profitability raises questions about capital allocation and shareholder returns
  • Potential capitalization of interest costs could mean reported profits overstate true operating performance
  • PB ratio of 2.99x is expensive given the subdued ROE of ~10%, suggesting limited margin of safety
  • 1-year stock CAGR of 65% versus 3-year CAGR of only 6% indicates highly volatile and inconsistent price performance
  • Key financial data points like debt-to-equity, EPS, and ROCE are unavailable, limiting transparency for thorough analysis
  • Small market cap of ₹3,829 Cr in the financial services space may carry higher liquidity and governance risks

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Positives 2
  • Loan book up 82% YoY Jul 2

    Q1FY27 provisional loan book reached ₹4,551 crores, growing ~82% YoY and ~16% QoQ as of June 30, 2026. Figures are subject to audit committee and board approval.

  • Insurance broking subsidiary launched Jun 20

    SG Insurance Brokers Limited incorporated on June 19, 2026 as a wholly owned subsidiary for direct insurance broking in general and life insurance, diversifying revenue streams.

Neutral 1
  • AGM resolutions approved Jun 30

    All five resolutions passed at the 32nd AGM on June 30, 2026, including financial statement approval, director appointments, and related party transactions.

TL;DR: SG Finserve is executing well on growth with an 82% YoY jump in loan book to ₹4,551 crores and expanding into insurance broking via a new subsidiary. No visible headwinds emerged in the recent news flow. The growth trajectory is strong, though provisional numbers still await audit confirmation and the insurance venture is at an early stage.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
35
44
52
59
44
31
42
54
68
75
86
105
136
Expenses
3
6
5
7
6
10
9
4
9
6
6
6
10
Financing Profit
21
23
29
31
25
21
32
31
34
39
43
56
72
Fin. Margin %
60%
53%
55%
53%
58%
67%
76%
58%
50%
52%
50%
53%
53%
Other Income
0
0
0
1
1
0
0
0
0
0
0
0
0
Interest
11
15
18
21
12
0
1
19
25
30
36
43
54
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
21
23
29
32
26
21
32
31
34
38
43
56
72
Tax %
25%
25%
25%
25%
26%
32%
26%
23%
28%
26%
25%
25%
25%
Net Profit
16
17
22
24
19
14
24
24
25
28
32
42
54
EPS in Rs
3.68
3.18
3.94
4.33
3.47
2.53
4.24
4.26
4.39
5.08
5.81
6.48
8.15
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
6
4
1
1
0
0
2
2
41
190
170
334
402
Expenses
6
4
0
1
1
1
1
1
8
20
28
27
29
Financing Profit
0
0
0
1
0
-1
2
1
25
105
111
172
210
Fin. Margin %
6%
4%
35%
55%
-172%
-344%
69%
55%
59%
55%
65%
52%
52%
Other Income
0
0
0
0
0
0
0
0
1
0
0
0
0
Interest
0
0
0
0
0
0
0
0
8
64
32
134
164
Depreciation
0
0
0
0
0
0
0
0
0
0
1
1
1
PBT
0
0
0
1
0
-1
2
1
25
105
110
172
209
Tax %
32%
38%
23%
29%
-27%
5%
4%
30%
26%
25%
26%
26%
—
Net Profit
0
0
0
1
0
-1
2
1
18
79
81
128
157
EPS in Rs
0.48
0.18
0.46
1.18
-0.68
-2
3.15
1.56
4.46
14.29
14.49
19.56
25.52
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5
5
5
5
5
5
5
5
41
55
56
65
Reserves
2
2
2
3
2
2
3
4
532
751
959
1,395
Borrowing
1
0
0
0
1
1
0
0
493
957
1,387
2,704
Other Liabilities
0
0
0
0
0
0
0
0
13
16
5
9
Total Liabilities
8
7
7
8
8
8
8
9
1,079
1,779
2,407
4,173
Fixed Assets
0
0
2
2
2
1
1
1
0
2
2
2
CWIP
0
0
0
0
0
0
0
0
1
0
0
0
Investments
2
2
1
1
1
2
1
2
0
0
80
0
Other Assets
6
5
5
6
5
5
6
6
1,078
1,778
2,325
4,171
Total Assets
8
7
7
8
8
8
8
9
1,079
1,779
2,407
4,173
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0
-1
0
0
-1
-1
0
0
-941
-629
-492
-1,571
Investing
-1
-1
0
0
1
1
1
0
2
-4
-56
61
Financing
0
0
0
0
0
0
-1
0
1,030
616
554
1,632
Net Cash Flow
-1
-2
0
0
0
0
0
0
91
-18
6
121
Free Cash Flow
0
-1
0
0
-1
0
0
0
-941
-630
-492
-1,572
CFO/OP
41
-435
-88
-4
178
88
12
59
-2,831
-353
-324
-499
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
4%
1%
3%
8%
-4%
-14%
22%
10%
6%
11%
9%
10%

Insights

Beta

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

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55 extracted metrics + investor summaries across FY10–FY27.

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Shareholding Pattern

FIIs0.54%Promot.56.95%DIIs2.17%Others15.38%Public24.96%As ofJun 2026

Documents

Frequently Asked Questions about SG Finserv

What does SG Finserve Ltd do?
Incorporated in 1994, Moongipa Securities Ltd is in the business of Investing Activities, Investment Research, Investment Banking and Wealth Management
Where is SG Finserve Ltd (SGFIN) listed?
SG Finserve Ltd trades as SGFIN on the NSE and under code 539199 on the BSE.
Which sector does SG Finserve Ltd belong to?
SG Finserve Ltd is classified under the Financial Services sector, in the Finance industry.
What is the market capitalisation of SG Finserve Ltd?
SG Finserve Ltd has a market capitalisation of ₹4,353 Cr, which places it in the Small Cap band.
What is the PE ratio of SG Finserve Ltd?
SG Finserve Ltd trades at a PE ratio of 25.89, against a book value of ₹224.81 per share.
What is the 52-week high and low of SG Finserve Ltd?
Over the last 52 weeks SG Finserve Ltd has traded between ₹323 and ₹727.45.
What is the Return on Equity (ROE) of SG Finserve Ltd?
SG Finserve Ltd reported a return on equity of 8.74%. Its debt-to-equity ratio is 1.65.

Company Information

Incorporated in 1994, Moongipa Securities Ltd is in the business of Investing Activities, Investment Research, Investment Banking and Wealth Management

Website sgfinserve.com
CEO Mr. Vinay Gupta
Employees 58
Listed 2015-07-08
Face Value ₹ 10
Issued Size 5,58,95,000

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