---
title: "Tsf Investments Ltd (TSFINV) — Share Price, Financials & Analysis"
symbol: "TSFINV"
company: "Tsf Investments Ltd"
canonical: "https://tapetide.com/stocks/TSFINV"
isin: "INE202Z01029"
nse_symbol: "TSFINV"
sector: "Financial Services"
industry: "Finance"
market_cap_cr: 9533.81
generated_at: "2026-09-13T18:57:37.096Z"
---

# Tsf Investments Ltd (TSFINV)

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

## Company

- **NSE Symbol:** TSFINV
- **ISIN:** INE202Z01029
- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2018-03-26
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** sundaramholdings.in

## About

Sundaram Finance Holdings Ltd is primarily engaged in the business of Investments, business processing, and support services. It has a 100% subsidiary which is an outsourcing company offering various support services to large and mid-sized firms in and outside India. [1]

## Latest Price

- **Price:** ₹437.25
- **Change:** -3.9 (-0.88%)
- **Open:** ₹436
- **Day High:** ₹439.95
- **Day Low:** ₹425.1
- **Previous Close:** ₹441.15
- **Volume:** 91968
- **As Of:** 2026-09-11T09:59:55+00:00

## Key Fundamentals

Observed at 2026-09-11T04:54:32.724265Z.

- **Market Cap:** ₹9533.81 Cr
- **Classification:** Microcap
- **P/E (reported):** 19.7
- **P/E (TTM):** 19.96
- **EPS (TTM):** ₹21.91
- **EPS (reported):** ₹25.79
- **Book Value:** ₹271.63
- **Price to Book:** 1.62
- **Dividend Yield:** 2.53%
- **ROE:** 2.05%
- **ROCE:** 3.15%
- **Debt to Equity:** 0.04
- **Revenue (yearly):** ₹1003.4 Cr
- **Net Income:** ₹125 Cr
- **EBITDA:** ₹221.7 Cr
- **52-Week High:** ₹701.5
- **52-Week Low:** ₹331.7
- **RSI (14):** 63.91

## Tapetide Score

- **Score:** 58 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Flat
- **Percentile:** 81.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 70.53 | 9% |
| growth | 98.9 | 9% |
| momentum | 52.38 | 12% |
| ownership | 45.99 | 24% |
| quality | 44.18 | 22% |
| valuation | 69.2 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 45.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 37.0%

### Weaknesses

- Company has a low return on equity of 9.37% over last 3 years.
- Debtor days have increased from 31.9 to 74.1 days.
- Working capital days have increased from 44.3 days to 65.7 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 41.41% | 102.23% | 791.66% |
| ebitda margin growth | 8.77% | -70.84% | -73.61% | -28.26% |
| net income growth | -23.93% | 61.92% | 26% | 45% |
| revenue growth | -0.41% | 527.13% | 124% | 77% |
| roce | 8.69% | 55.17% | -36.75% | 2.44% |
| roe | -23.92% | 48.55% | 2.48% | 253.45% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 24 | 25 | 218 | 43 | 30 | 33 | 49 | 179 | 250 | 258 | 298 | 306 |
| Expenses | 11 | 12 | 11 | 9 | 9 | 9 | 12 | 132 | 200 | 210 | 240 | 234 |
| Operating Profit | 13 | 13 | 207 | 34 | 21 | 24 | 37 | 47 | 50 | 49 | 57 | 71 |
| OPM % | 54 | 52 | 95 | 79 | 70 | 72 | 76 | 26 | 20 | 19 | 19 | 23 |
| Other Income | 2 | 2 | 0 | 1 | 2 | 0 | 2 | 43 | 4 | 2 | 9 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 7 | 7 | 7 | 7 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 4 | 4 | 4 |
| Profit before tax | 14 | 15 | 206 | 34 | 22 | 23 | 38 | 82 | 44 | 40 | 56 | 61 |
| Tax % | 37 | 24 | 15 | 29 | 35 | 25 | 44 | 24 | 36 | 37 | 9 | 46 |
| Net Profit | 91 | 102 | 269 | 110 | 89 | 106 | 107 | 158 | 103 | 105 | 164 | 125 |
| EPS in Rs | 4.08 | 4.61 | 12.13 | 4.97 | 4 | 4.76 | 4.82 | 7.13 | 4.52 | 4.64 | 7.25 | 5.5 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 69 | 100 | 93 | 59 | 85 | 91 | 291 | 155 | 1027 | 1112 |
| Expenses | 49 | 59 | 62 | 48 | 61 | 45 | 48 | 39 | 782 | 884 |
| Operating Profit | 21 | 41 | 31 | 10 | 24 | 46 | 243 | 116 | 245 | 228 |
| OPM % | 30 | 41 | 33 | 18 | 28 | 50 | 83 | 75 | 24 | 20 |
| Other Income | 3 | 2 | 5 | 6 | 3 | 3 | 6 | 5 | 18 | 17 |
| Interest | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 25 | 27 |
| Depreciation | 1 | 1 | 1 | 2 | 4 | 2 | 3 | 3 | 16 | 17 |
| Profit before tax | 23 | 42 | 35 | 14 | 22 | 47 | 245 | 117 | 221 | 201 |
| Tax % | 22 | 28 | 16 | 32 | 21 | 32 | 21 | 34 | 25 | — |
| Net Profit | 130 | 137 | 78 | 74 | 161 | 238 | 533 | 412 | 530 | 497 |
| EPS in Rs | 5.84 | 6.19 | 3.52 | 3.33 | 7.35 | 10.7 | 24 | 18.55 | 23.49 | 21.91 |
| Dividend Payout % | 17 | 19 | 24 | 10 | 37 | 37 | 32 | 32 | 47 | — |

### Balance Sheet

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 76 | 76 | 76 | 76 | 111 | 111 | 111 | 111 | 111 |
| Reserves | 2736 | 2290 | 1782 | 2119 | 2891 | 3459 | 4682 | 5496 | 5922 |
| Borrowings | 0 | 0 | 2 | 4 | 3 | 18 | 18 | 16 | 235 |
| Other Liabilities | 128 | 87 | 63 | 107 | 90 | 46 | 137 | 214 | 475 |
| Total Liabilities | 2940 | 2453 | 1922 | 2306 | 3096 | 3635 | 4948 | 5837 | 6743 |
| Fixed Assets | 6 | 6 | 9 | 10 | 9 | 41 | 40 | 49 | 423 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 2910 | 2420 | 1879 | 2269 | 3053 | 3553 | 4708 | 5738 | 5781 |
| Other Assets | 24 | 27 | 35 | 27 | 34 | 40 | 200 | 50 | 538 |
| Total Assets | 2940 | 2453 | 1922 | 2306 | 3096 | 3635 | 4948 | 5837 | 6743 |

### Cash Flow

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 147 | 58 | 62 | 19 | 30 | 100 | 132 | 188 | 266 |
| Cash from Investing Activity | -146 | -30 | -11 | -10 | -345 | -25 | 136 | -144 | -145 |
| Cash from Financing Activity | -1 | -28 | -46 | -8 | 319 | -73 | -103 | -211 | -50 |
| Net Cash Flow | 1 | 1 | 5 | 1 | 3 | 2 | 166 | -167 | 71 |
| Free Cash Flow | 146 | 80 | 60 | 18 | 30 | 82 | 131 | 187 | 263 |
| CFO/OP | 735 | 173 | 218 | 221 | 173 | 250 | 69 | 195 | 124 |

### Ratios

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 55 | 38 | 30 | 33 | 22 | 28 | 8 | 14 | 74 |
| Inventory Days | — | — | — | — | — | — | — | — | 113 |
| Days Payable | — | — | — | — | — | — | — | — | 89 |
| Cash Conversion Cycle | 55 | 38 | 30 | 33 | 22 | 28 | 8 | 14 | 98 |
| Working Capital Days | 61 | 60 | 69 | 34 | 52 | 69 | 13 | 54 | 66 |
| ROCE % | — | 2 | 2 | 1 | 1 | 1 | 6 | 2 | 3 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 55.59% | 55.29% | 54.97% | 54.97% | 54.97% | 54.97% | 54.97% | 54.97% | 54.97% | 55.36% | 54.99% | 54.99% |
| FIIs | 0% | 0% | 0% | 0% | 1.04% | 1.02% | 1.01% | 1.43% | 2.6% | 3.17% | 3.2% | 3.27% |
| DIIs | 4.22% | 4.22% | 4.22% | 4.07% | 3.99% | 3.99% | 3.99% | 3.99% | 3.94% | 4.81% | 4.75% | 4.27% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 26.74% | 26.89% | 27.63% | 27.41% | 27.25% | 27.23% | 27.2% | 26.73% | 25.81% | 25.51% | 25.21% | 25.38% |
| Others | 13.45% | 13.59% | 13.18% | 13.55% | 12.75% | 12.8% | 12.84% | 12.88% | 12.69% | 11.14% | 11.84% | 12.09% |
| No. of Shareholders | 32104 | 33559 | 33201 | 34448 | 36542 | 39448 | 39001 | 37271 | 37901 | 36504 | 35782 | 37327 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 4 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 414.54 | Buy |
| EMA (10) | 421 | Buy |
| SMA (20) | 414.24 | Buy |
| EMA (20) | 419.68 | Buy |
| SMA (50) | 436.88 | Buy |
| EMA (50) | 424.03 | Buy |
| SMA (100) | 422.15 | Buy |
| EMA (100) | 424.85 | Buy |
| SMA (200) | 423.48 | Buy |
| EMA (200) | 424.4 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 60.79 | Neutral |
| MACD (12,26,9) | -1.07 | Buy |
| Stochastic (14,3,3) | 85.06 | Sell |
| ADX (14) | 23.24 | Neutral |
| Williams %R (14) | -14.97 | Sell |
| ATR (14) | 13.46 | High Volatility |
| ROC (12) | 6.48 | Buy |
| Stoch RSI (14) | 89.54 | Sell |
| UO (7,14,28) | 57.63 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [General Updates](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_09092026161357_SDNSEUPDATES09092026NCLT.pdf) |
| 2026-09-03 | [Corrigendum](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_03092026173136_sdTSFILCORRIGENDUMPB.pdf) |
| 2026-08-21 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_21082026175228_FEandMK.pdf) |
| 2026-08-20 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_20082026160529_TSFILPBNOTICE19082026.pdf) |
| 2026-08-19 | [Acquisition](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_19082026133220_sdSDTSFIL19082026.pdf) |
| 2026-08-05 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_05082026172406_TSFILFE_merged.pdf) |
| 2026-07-31 | [Acquisition](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_31072026172504_sdsdTSFILINTIMATIONACQ31072026.pdf) |
| 2026-07-24 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_24072026153809_TSFREG4432NGAGMVOTINGRESULT.pdf) |
| 2026-07-23 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_23072026181336_TSF32AGMOUTCOME.pdf) |
| 2026-07-06 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_06072026102810_TSFREG745.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-04 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_04082026134307_SDTSFILOUTCOMEBMQ12627.pdf) |
| 2026-05-19 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_19052026202107_sdNSECOVERINGLETTER.pdf) |
| 2026-02-03 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_03022026140445_TSFILOUTCOMEBMQ32526.pdf) |
| 2025-11-04 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SUNDARMHLD_04112025125423_TSFOUTCOMEBMQ22526.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_29494_TSFINV_2025_2026_A_2708538_30062026170530.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_26643_SUNDARMHLD_2024_2025_A_30062025151444.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_24173_SUNDARMHLD_2023_2024_24062024154617.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_22049_SUNDARMHLD_2022_2023_21062023182234.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_20083_SUNDARMHLD_2021_2022_21062022155056_06212022160005.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_18162_SUNDARMHLD_2020_2021_19062021173833_19062021180007.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_16307_SUNDARMHLD_2019_2020_22062020200845_22062020210002.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/AR_14544_SUNDARMHLD_2018_2019_17062019165241_17062019170003.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/AR_12538_SUNDARMHLD_2017_2018_18072018190104.zip) |

---

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 2026-09-13T18:57:37.096Z.