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SG Finserv

SG Finserve Ltd

SGFIN NSE
₹708.55 +28.60 (+4.21%)
P/E
24.13
View as Markdown
MCP
Close 4 Nov 2026 ₹708.55 +333.60 +89.0% 1Y
Start ₹374.95

Key Fundamentals

MicrocapFinanceFinancial Services

Price-based figures as of · EPS basis: Standalone · TTM

Debt to Equity
2.73
EPS (TTM)
₹29.36
Book Value
₹242.54
Market Cap
—
P/E (TTM)
24.13
P/B
2.92
ROE
10.30%
Dividend Yield
0.00%
52W High
₹744.00
52W Low
₹323.00
Day Range
₹666.60 – ₹714.40
Volume
2,62,582
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

Peer Comparison

Financial Services › NBFC › Non Banking Financial Company (NBFC)

SG Finserv peer comparison
Bajaj Finance
₹994.0028.53₹6,11,015 Cr5.020.62%18.20%—₹90,331 Cr₹22,067 Cr
Shriram Finance
₹908.7515.19₹2,13,704 Cr1.920.73%16.40%—₹51,877 Cr₹12,688 Cr
Cholamandalam Investment
₹1,658.0024.45₹1,42,243 Cr4.100.12%19.40%—₹32,663 Cr₹5,751 Cr
Tata Capital
₹337.7526.24₹1,41,036 Cr2.930.17%12.40%—₹32,695 Cr₹5,478 Cr
Muthoot Finance
₹2,709.809.57₹1,04,354 Cr2.481.19%30.90%—₹33,431 Cr₹11,457 Cr
L&T Finance
₹263.7020.75₹63,912 Cr2.261.09%11.20%—₹18,898 Cr₹3,198 Cr
SBI Cards
₹553.0023.14₹52,160 Cr3.060.47%14.70%—₹20,063 Cr₹2,275 Cr
SG Finserv (this company)
₹708.5524.13₹4,455 Cr2.920.00%10.30%—₹488 Cr₹187 Cr
Median 8 companies₹808.6523.64₹1,22,695 Cr2.930.54%15.55%—₹32,679 Cr₹5,615 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

52 Average

Data confidence 94/100

Category scores

Quality
31
Poor
Returns, margins, earnings quality 22% weight
Valuation
23
Poor
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
44
Weak
Solvency, leverage, coverage 9% weight
Momentum
88
Strong
Trend strength, vol-adjusted 12% weight
Ownership
66
Strong
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

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 141% CAGR over last 5 years
  • Company's median sales growth is 40.3% of last 10 years

Weaknesses

4
  • Stock is trading at 2.63 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish0712
OscillatorsBullish072
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
58.95
Neutral
MACD (12,26,9)
10.77
Bullish
SMA (50)
658.51
Bullish
SMA (200)
557.93
Bullish

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 Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+55.66%
5Y+178.32%
3Y+101.21%
1Y+96.47%
TTM+104.18%

Net profit

Net profit growth by window
10YZero base
5Y+129.74%
3Y+92.30%
1Y+58.02%
TTM+85.15%

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₹1.00 Cr
Mar 2018₹1.00 Cr
Mar 2019₹0.00 Cr
Mar 2020₹0.00 Cr
Mar 2021₹2.00 Cr
Mar 2022₹2.00 Cr
Mar 2023₹41.00 Cr
Mar 2024₹190 Cr
Mar 2025₹170 Cr
Mar 2026₹334 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.00 Cr
Mar 2018₹1.00 Cr
Mar 2019₹0.00 Cr
Mar 2020−₹1.00 Cr
Mar 2021₹2.00 Cr
Mar 2022₹1.00 Cr
Mar 2023₹18.00 Cr
Mar 2024₹79.00 Cr
Mar 2025₹81.00 Cr
Mar 2026₹128 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
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 7
  • 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
  • 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

121d ago

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.

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.

Quarterly Results

₹ Cr
SGFIN quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
44
52
59
44
31
42
54
68
75
86.28
105
136
161
Expenses
6
5
7
6
10
9
4
9
6
6
6
10
13
Financing Profit
23
29
31
25
21
32
31
34
39
43
56
72
80
Fin. Margin %
53%
55%
53%
58%
67%
76%
58%
50%
52%
50%
53%
53%
49%
Other Income
0
0
1
1
0
0
0
0
0
0
0
0
0
Interest
15
18
21
12
0
1
19
25
30
36
43
54
68
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
23
29
32
26
21
32
31
34
38
43
56
72
79
Tax %
25%
25%
25%
26%
32%
26%
23%
28%
26%
25%
25%
25%
26%
Net Profit
17
22
24
19
14
24
24
25
28
32
42
54
59
EPS (₹)
3.18
3.94
4.33
3.47
2.53
4.24
4.26
4.39
5.08
5.81
6.48
8.15
8.92

Profit & Loss

₹ Cr
SGFIN profit and loss, annual, ₹ crore
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
488
Expenses
6
4
0
1
1
1
1
1
8
20
28
27
36
Financing Profit
0
0
0
1
0
−1
2
1
25
105
111
172
251
Fin. Margin %
6%
4%
35%
55%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
69%
55%
59%
55%
65%
52%
51%
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
202
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
250
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
187
EPS (₹)
0.48
0.18
0.46
1.18
−0.68
−2
3.15
1.56
4.46
14.29
14.49
19.56
29.36
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
SGFIN balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
5
5
5
5
5
5
5
5
41
55
56
65
66
Reserves
2
2
2
3
2
2
3
4
532
751
959
1,395
1,532
Borrowing
1
0
0
0
1
1
0
0
493
957
1,387
2,704
4,363
Other Liabilities
0
0
0
0
0
0
0
0
13
16
5
9
23
Total Liabilities
8
7
7
8
8
8
8
9
1,079
1,779
2,407
4,173
5,984
Fixed Assets
0
0
2
2
2
1
1
1
0
2
2
2
3
CWIP
0
0
0
0
0
0
0
0
1
0
0
0
0
Investments
2
2
1
1
1
2
1
2
0
0
80
0
133
Other Assets
6
5
5
6
5
5
6
6
1,078
1,778
2,325
4,171
5,849
Total Assets
8
7
7
8
8
8
8
9
1,079
1,779
2,407
4,173
5,984

Cash Flow

₹ Cr
SGFIN cash flow, annual, ₹ crore
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

Ratios

SGFIN financial ratios, annual
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

Log in to view SG Finserv insights

43 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 56.95%
  • Public 25.06%
  • Others 14.82%
  • DIIs 2.17%
  • FIIs 1.00%

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 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 NBFC industry.
What is the PE ratio of SG Finserve Ltd?
SG Finserve Ltd trades at a PE ratio of 24.13 as of 4 Nov 2026, on earnings per share of ₹29.36, against a book value of ₹242.54 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 ₹744 as of 4 Nov 2026.
What is the Return on Equity (ROE) of SG Finserve Ltd?
SG Finserve Ltd reported a return on equity of 10.30%. Its debt-to-equity ratio is 2.73.

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 8 Jul 2015
Face Value ₹10

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