Turtlemint Fintech Solutions
- P/E
- Not meaningful: loss-making over the last twelve months
Key Fundamentals
MicrocapFinancial Technology (Fintech)Financial ServicesPrice-based figures as of · TTM
- ROCE
- −35.70%
- Debt to Equity
- 0.07
- EPS (TTM)
- −₹3.70
- Book Value
- ₹33.41
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 1.70
- ROE
- −36.40%
- Dividend Yield
- 0.00%
- EBITDA
- −₹119 Cr
- 52W High
- ₹160.00
- 52W Low
- ₹51.81
- Day Range
- ₹53.20 – ₹56.87
- Volume
- 3,30,477
Peer Comparison
Financial Services › Financial Technology (Fintech)
| ₹1,732.40 | 170.51 | ₹1,10,812 Cr | 6.70 | 0.00% | 4.64% | 4.96% | ₹8,967 Cr | ₹649 Cr | |
| ₹965.00 | 59.60 | ₹43,573 Cr | 5.74 | 0.00% | 9.75% | 10.30% | ₹7,334 Cr | ₹748 Cr | |
| ₹157.77 | 132.58 | ₹18,322 Cr | 3.03 | 0.00% | 2.46% | 4.15% | ₹2,832 Cr | ₹127 Cr | |
| ₹55.08 | 61.20 | ₹9,400 Cr | 3.14 | 0.00% | 19.00% | 18.30% | ₹985 Cr | ₹33 Cr | |
| ₹331.35 | 25.29 | ₹7,508 Cr | 21.08 | 0.00% | 45.10% | 43.30% | ₹1,538 Cr | ₹291 Cr | |
| ₹318.05 | 19.14 | ₹5,154 Cr | 3.39 | 0.80% | 23.60% | 28.00% | ₹1,506 Cr | ₹270 Cr | |
| ₹127.78 | 14.34 | ₹4,438 Cr | 0.93 | 0.04% | 6.64% | 7.72% | ₹9,516 Cr | ₹322 Cr | |
| Turtlemint Fintech Solutions (this company) | ₹56.87 | — | ₹1,599 Cr | 1.70 | 0.00% | −36.40% | −35.70% | ₹1,191 Cr | −₹175 Cr |
| Median 8 companies | ₹237.91 | 59.60 | ₹8,454 Cr | 3.27 | 0.00% | 8.20% | 9.01% | ₹2,185 Cr | ₹280 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.
Key Insights
Strengths
4- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 101 to 52.8 days.
- Company's working capital requirements have reduced from 427 days to 30.7 days
Weaknesses
3- Company has low interest coverage ratio.
- Promoter holding is low: 13.2%
- Company has a low return on equity of -34.5% over last 3 years.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Neutral | 6 | 7 | 6 |
| Oscillators | Bullish | 2 | 3 | 4 |
| Moving Averages | Bearish | 4 | 4 | 2 |
Oscillators
Bullish
Overall
Neutral
Moving Averages
Bearish
Key readings
- RSI (14)
- 29.95
- Bullish
- MACD (12,26,9)
- −11.92
- Bullish
- SMA (50)
- 99.25
- Bearish
- SMA (200)
- —
- Neutral
As of
Analyst Rating
2 of 2 analysts rate Buy, 0 Hold, 0 Sell.
As of
Growth Rate
From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 3Y | +37.76% |
|---|---|
| 1Y | +65.61% |
Net profit
| 3Y | Loss narrowed by ₹104 Cr |
|---|---|
| 1Y | Loss narrowed by ₹10 Cr |
Operating cash flow
| 3Y | Outflow narrowed by ₹104 Cr |
|---|---|
| 1Y | Outflow narrowed by ₹34 Cr |
Operating margin· change in pp
| 3Y | +62.92 pp |
|---|---|
| 1Y | +16.52 pp |
Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.
Revenue by year
| Mar 2022 | ₹294 Cr |
|---|---|
| Mar 2023 | ₹420 Cr |
| Mar 2024 | ₹79.00 Cr |
| Mar 2025 | ₹663 Cr |
| Mar 2026 | ₹1,098 Cr |
Net profit by year
| Mar 2022 | −₹168 Cr |
|---|---|
| Mar 2023 | −₹288 Cr |
| Mar 2024 | −₹193 Cr |
| Mar 2025 | −₹194 Cr |
| Mar 2026 | −₹184 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
Turtlemint Fintech Solutions Ltd is a loss-making insurtech platform with a market cap of approximately ₹4,014 Cr, trading at a negative PE of -21x. The company reported explosive TTM sales growth of 743% (FY25 revenue of ₹662.71 Cr vs ₹78.64 Cr in FY24) but continues to post net losses of ₹194.11 Cr in FY25, with a 3-year average ROE of -43%.
- TTM revenue growth of 743% indicates massive top-line acceleration, with FY25 sales at ₹662.71 Cr vs ₹78.64 Cr in FY24
- Company is almost debt-free, providing financial flexibility and low insolvency risk in a capital-intensive fintech space
- Working capital days improved dramatically from 573 days to 95.4 days, signalling significantly better operational efficiency
- Debtor days improved from 117 to 88.3 days, indicating faster collections and healthier receivables management
- 3-year compounded sales CAGR of 31% shows sustained revenue momentum beyond just one exceptional year
- Operating loss margin improved from -178% in FY24 to -27% in FY25, showing meaningful progress toward breakeven on an operating basis
- Net loss narrowed from ₹288.18 Cr in FY23 to ₹194.11 Cr in FY25, a 33% reduction in absolute losses over two years
- Large addressable market in Indian digital insurance distribution with current market cap of ₹4,014 Cr implying high growth expectations already priced in but also reflecting platform potential
- Company remains deeply unprofitable with FY25 net loss of ₹194.11 Cr and negative EPS of ₹-18,623 per share
- 3-year average ROE of -43% indicates sustained destruction of shareholder equity
- Promoter holding is low at 13.2%, raising concerns about alignment of interest and potential governance risks
- Reserves declined from ₹741.87 Cr in FY23 to ₹408.88 Cr in FY25, eroding the equity base by 45% in two years due to accumulated losses
- Low interest coverage ratio suggests limited ability to service even minimal debt obligations from operating cash flows
- No dividend has ever been paid (0% yield), with no visibility on when profitability could enable shareholder returns
- 3-year compounded profit CAGR of -5% shows no improvement trajectory in bottom-line performance on a multi-year basis
- FY25 operating expenses of ₹851.08 Cr significantly exceed revenue of ₹662.71 Cr, indicating the business model has not yet achieved unit economics at scale
This is AI-generated analysis, not financial advice. Do your own due diligence.
Quarterly Results
₹ Cr| Particulars | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Sales | 252 | 210 | 278 | 357 | 294 |
| Expenses | 289 | 256 | 316 | 361 | 327 |
| Operating Profit | −37 | −46 | −39 | −4 | −33 |
| OPM % | −15% | −22% | −14% | −1.1% | −11% |
| Other Income | 5 | 4 | −19 | 3 | 2 |
| Interest | 0 | 1 | 0 | 0 | 2 |
| Depreciation | 7 | 4 | 4 | 4 | 4 |
| PBT | −40 | −47 | −62 | −5 | −38 |
| Tax % | 0% | 0% | 0% | −161% | 0% |
| Net Profit | −39 | −47 | −62 | 3 | −38 |
| EPS (₹) | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | −11.66 | 0.59 | −1.28 |
Profit & Loss
₹ Cr| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 294 | 420 | 79 | 663 | 1,098 |
| Expenses | 465 | 734 | 290 | 850 | 1,229 |
| Operating Profit | −171 | −314 | −211 | −188 | −130 |
| OPM % | −58% | −75% | −269% | −28% | −12% |
| Other Income | 11 | 40 | 40 | 30 | −44 |
| Interest | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 5 | 12 | 20 | 29 | 16 |
| PBT | −168 | −288 | −193 | −189 | −193 |
| Tax % | 0% | 0% | 0% | 2% | −4% |
| Net Profit | −168 | −288 | −193 | −194 | −184 |
| EPS (₹) | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | −34.51 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
₹ Cr| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 5 |
| Reserves | 106 | 742 | 562 | 409 | 298 |
| Borrowings | 19 | 28 | 21 | 28 | 20 |
| Other Liabilities | 74 | 131 | 30 | 119 | 126 |
| Total Liabilities | 199 | 900 | 613 | 556 | 450 |
| Fixed Assets | 18 | 57 | 38 | 44 | 34 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 181 | 843 | 575 | 512 | 416 |
| Total Assets | 199 | 900 | 613 | 556 | 450 |
Cash Flow
₹ Cr| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating | −186 | −286 | −242 | −216 | −182 |
| Investing | 196 | −579 | 248 | 235 | 172 |
| Financing | −13 | 903 | −10 | −15 | −13 |
| Net Cash Flow | −3 | 37 | −4 | 5 | −23 |
| Free Cash Flow | −192 | −298 | −243 | −218 | −185 |
| CFO/OP | 108 | 91 | 111 | 132 | 120 |
Ratios
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 95 | 91 | 173 | 76 | 53 |
| Cash Conversion Cycle | 95 | 91 | 173 | 76 | 53 |
| Working Capital Days | 9 | 467 | 1,156 | 95 | 31 |
| ROCE % | — | −64% | −28% | −37% | −36% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Turtlemint Fintech Solutions insights
51 extracted metrics across FY22–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Concall · Jul 2026Transcript PPT Recording
- General announcements 12 Oct 2026
- General announcements 28 Sep 2026
Frequently Asked Questions about Turtlemint Fintech Solutions
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Company Information
Incorporated in 2015, Turtlemint Limited is a technology-enabled insurance distribution platform that connects customers, insurance advisors (Digital Partners), and insurers.
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