---
title: "Latent Light Finance Ltd (539909) — Share Price, Financials & Analysis"
symbol: "539909"
company: "Latent Light Finance Ltd"
canonical: "https://tapetide.com/stocks/539909"
isin: "INE515K01018"
bse_code: "539909"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T18:58:38.449Z"
---

# Latent Light Finance Ltd (539909)

Canonical page: https://tapetide.com/stocks/539909

## Company

- **BSE Code:** 539909
- **ISIN:** INE515K01018
- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2016-06-10
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** galaxycommercial.in

## About

Latent Light Finance is to carry on the business of Non-Banking Financial Institution ('NBFC') without accepting public deposits.(Source : 201903 Annual Report Page No:68)

## Latest Price

## Key Insights

### Weaknesses

- Company has a low return on equity of 3.68% over last 3 years.
- Company might be capitalizing the interest cost
- Working capital days have increased from 219 days to 315 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -48% | -9% | 8% |
| revenue growth | 31% | 9% | 24% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 0.24 | 0.24 | 0.25 | 0.29 | 0.31 | 0.44 | 0.43 | -0.14 | 0 | 0 | 0 | 1.37 |
| Expenses | 0.06 | 0.03 | 0.03 | 0.21 | 0.08 | 0.06 | 0.04 | 0.27 | 0.06 | 0.08 | 0.03 | 0.29 |
| Financing Profit | 0.12 | 0.13 | 0.12 | 0.08 | 0.21 | 0.29 | 0.29 | -0.46 | -0.06 | -0.08 | -0.03 | 0.71 |
| Financing Margin % | 50 | 54.17 | 48 | 27.59 | 67.74 | 65.91 | 67.44 | 328.57 | — | — | — | 51.82 |
| Other Income | 0.02 | 0 | 0 | 0.58 | 0.12 | 0 | 0.09 | 1.67 | 0 | 0 | 0 | 0 |
| Interest | 0.06 | 0.08 | 0.1 | 0 | 0.02 | 0.09 | 0.1 | 0.05 | 0 | 0 | 0 | 0.37 |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.03 | 0.01 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0.01 |
| Profit before tax | 0.12 | 0.11 | 0.1 | 0.63 | 0.32 | 0.29 | 0.37 | 1.2 | -0.06 | -0.08 | -0.03 | 0.7 |
| Tax % | -25 | 27.27 | 60 | 28.57 | 21.88 | 34.48 | 5.41 | -27.5 | 100 | 0 | 0 | 20 |
| Net Profit | 0.15 | 0.08 | 0.04 | 0.44 | 0.25 | 0.19 | 0.35 | 1.53 | -0.12 | -0.08 | -0.03 | 0.56 |
| EPS in Rs | 1.24 | 0.66 | 0.33 | 3.63 | 2.06 | 1.57 | 2.89 | 12.62 | -0.99 | -0.66 | -0.25 | 4.62 |

### Profit & Loss

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

| Item | Mar 2009 | Mar 2010 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 2.92 | 0 | 0.49 | 0.23 | 0.48 | 1.13 | 1.07 | 1.01 | 1.05 | 1.38 |
| Expenses | 4.4 | 2.04 | 0.02 | 0.65 | 0.15 | 0.56 | 0.22 | 0.29 | 2.11 | 0.47 |
| Financing Profit | -3.25 | -3.87 | 0.13 | -0.47 | 0.23 | 0.18 | 0.53 | 0.48 | -1.32 | 0.54 |
| Financing Margin % | -111.3 | — | 26.53 | -204.35 | 47.92 | 15.93 | 49.53 | 47.52 | -125.71 | 39.13 |
| Other Income | 2.9 | 5.85 | 0.45 | 1.47 | 0.45 | 0.56 | 0.23 | 0.58 | 3.51 | 0 |
| Interest | 1.77 | 1.83 | 0.34 | 0.05 | 0.1 | 0.39 | 0.32 | 0.24 | 0.26 | 0.37 |
| Depreciation | 0.27 | 0.17 | 0.25 | 0.24 | 0.29 | 0.2 | 0.14 | 0.1 | 0.03 | 0.02 |
| Profit before tax | -0.62 | 1.81 | 0.33 | 0.76 | 0.39 | 0.54 | 0.62 | 0.96 | 2.16 | 0.52 |
| Tax % | 16.13 | 16.57 | 9.09 | 2.63 | 23.08 | 24.07 | 17.74 | 30.21 | -6.94 | 26.92 |
| Net Profit | -0.72 | 1.51 | 0.29 | 0.73 | 0.3 | 0.4 | 0.51 | 0.67 | 2.31 | 0.39 |
| EPS in Rs | -5.94 | 12.45 | 2.39 | 6.02 | 2.47 | 3.3 | 4.21 | 5.53 | 19.05 | 3.22 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2009 | Mar 2010 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.21 | 1.21 | 1.21 | 1.21 | 1.21 | 1.21 | 1.21 | 1.21 | 1.21 | 1.21 |
| Reserves | 5.68 | 7.2 | 11.88 | 12.58 | 12.88 | 13.27 | 13.78 | 14.02 | 16.33 | 16.73 |
| Borrowing | 12.77 | 12.04 | 3.16 | 0.14 | 1.76 | 5.05 | 2.13 | 1.11 | 2.13 | 11.8 |
| Other Liabilities | 2.92 | 1.28 | 1.44 | 0.32 | 0.42 | 1.04 | 0.21 | 0.45 | 0.31 | 0.65 |
| Total Liabilities | 22.58 | 21.73 | 17.69 | 14.25 | 16.27 | 20.57 | 17.33 | 16.79 | 19.98 | 30.39 |
| Fixed Assets | 1.25 | 0.69 | 0.74 | 0.51 | 0.63 | 1.78 | 1.64 | 1.42 | 0.09 | 0.07 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 6.39 | 5.9 | 1.72 | 1.72 | 1.72 | 0.37 | 0.37 | 0.27 | 0.3 | 0.29 |
| Other Assets | 14.94 | 15.14 | 15.23 | 12.02 | 13.92 | 18.42 | 15.32 | 15.1 | 19.59 | 30.03 |
| Total Assets | 22.58 | 21.73 | 17.69 | 14.25 | 16.27 | 20.57 | 17.33 | 16.79 | 19.98 | 30.39 |

### Cash Flow

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

| Item | Mar 2009 | Mar 2010 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | -0.73 | 1.25 | 5.34 | 2.14 | 1.49 | -5.47 | 0.07 | -7.15 | -2.1 |
| Cash from Investing Activity | — | 1.34 | -0.49 | 0.35 | 0 | 0.38 | 0.23 | 0.58 | 3.14 | 0 |
| Cash from Financing Activity | — | -0.72 | -0.87 | -3.03 | 1.66 | 3.77 | -3.53 | -1.02 | 1.02 | 9.67 |
| Net Cash Flow | — | -0.11 | -0.11 | 2.66 | 3.81 | 5.64 | -8.77 | -0.37 | -2.99 | 7.57 |
| Free Cash Flow | — | 0.12 | 0.76 | 5.3 | 2.44 | 1.49 | -5.47 | 0.07 | -7.17 | -2.1 |
| CFO/OP | — | 36 | 260 | -1271 | 648 | 282 | -631 | 29 | 657 | -231 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ROE % | -11.7 | 6.41 | 2.22 | 1.71 | 1.87 | 2.8 | 3.46 | 4.43 | 4.58 | 2.2 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 51.14% | 61.87% | 61.87% | 61.87% | 61.87% | 61.87% |
| Public | 48.86% | 38.13% | 38.13% | 38.13% | 38.13% | 38.13% |
| No. of Shareholders | 533 | 533 | 533 | 37 | 37 | 36 |

### Quarterly

| Category | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.87% | 61.87% | 61.87% | 61.87% | 61.87% | 61.87% | 61.87% | 61.87% | 61.87% | 61.87% | 61.87% | 61.87% |
| Public | 38.13% | 38.13% | 38.13% | 38.13% | 38.13% | 38.13% | 38.13% | 38.13% | 38.13% | 38.13% | 38.13% | 38.13% |
| No. of Shareholders | 509 | 215 | 204 | 37 | 37 | 37 | 37 | 37 | 37 | 36 | 36 | 36 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 January 2026 - Submitted compliance certificate under Reg 74(5) for quarter ended Dec 31, 2025 by RTA Skyline. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 January 2026 - Submitted compliance certificate under Reg 74(5) for quarter ended Dec 31, 2025 by RTA Skyline.](https://nsearchives.nseindia.com/corporate/ORIANA_09012026140138_Oriana_Certificate_74_5_.pdf) |
| 8 March 2026 - Oriana Power Limited has informed of Receipt of Letter of Award for Setting up of 234 MW Solar Power Project under Engineering, Procurement and Commissioning … | [Awarding of order(s)/contract(s) 8 March 2026 - Oriana Power Limited has informed of Receipt of Letter of Award for Setting up of 234 MW Solar Power Project under Engineering, Procurement and Commissioning …](https://nsearchives.nseindia.com/corporate/ORIANA_08032026190000_Oriana_EPCProject_080326.pdf) |
| 7 January 2026 - Allotment of 7,500 NCDs aggregating Rs75 crore on Jan 7, 2026; 11.65% coupon, maturity Jan 6, 2030. | [Allotment of Securities 7 January 2026 - Allotment of 7,500 NCDs aggregating Rs75 crore on Jan 7, 2026; 11.65% coupon, maturity Jan 6, 2030.](https://nsearchives.nseindia.com/corporate/ORIANA_07012026234047_Allotmentof_NCD_070126.pdf) |
| 5 Jul 2021 - Submission of cutting of newspapers in which advance notice of Board Meeting and Unaudited Financial Results for the quarter/ Year ended 31st March, 2021 were … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Jul 2021 - Submission of cutting of newspapers in which advance notice of Board Meeting and Unaudited Financial Results for the quarter/ Year ended 31st March, 2021 were …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b34c6012-34a1-4039-bbeb-28a4adde0039.pdf) |
| 5 Jul 2021 - Submission of cutting of newspapers in which advance notice of Board Meeting and Unaudited Financial Results for the quarter/ Year ended 31st March, 2021 were … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Jul 2021 - Submission of cutting of newspapers in which advance notice of Board Meeting and Unaudited Financial Results for the quarter/ Year ended 31st March, 2021 were …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b34c6012-34a1-4039-bbeb-28a4adde0039.pdf) |
| 5 January 2026 - Board approved private placement of 7,500 NCDs totaling INR75 crore; 11.65% coupon; up to 48-month tenor; secured. | [Others 5 January 2026 - Board approved private placement of 7,500 NCDs totaling INR75 crore; 11.65% coupon; up to 48-month tenor; secured.](https://nsearchives.nseindia.com/corporate/ORIANA_05012026224138_OPL_Issueofsecurities_050126.pdf) |
| 30 January 2026 - Oriana signed MoU with V.O. Chidambaranar Port on Jan 29, 2026 for CCUS, e-ammonia, e-methanol and green methanol facility. | [General Updates 30 January 2026 - Oriana signed MoU with V.O. Chidambaranar Port on Jan 29, 2026 for CCUS, e-ammonia, e-methanol and green methanol facility.](https://nsearchives.nseindia.com/corporate/ORIANA_30012026095453_OPL_MOU_Update_300126.pdf) |
| 26 February 2026 - Oriana Power incorporated 100% subsidiary Nature Power Pvt Ltd on Feb 25, 2026; authorized capital Rs 100,000. | [General Updates 26 February 2026 - Oriana Power incorporated 100% subsidiary Nature Power Pvt Ltd on Feb 25, 2026; authorized capital Rs 100,000.](https://nsearchives.nseindia.com/corporate/ORIANA_26022026122352_Oriana_WOS_Nature_260226.pdf) |
| 24 February 2026 - Oriana incorporated OPL Hydrogen Services Pvt Ltd (100% owned) on Feb 21, 2026; authorized capital Rs100,000. | [General Updates 24 February 2026 - Oriana incorporated OPL Hydrogen Services Pvt Ltd (100% owned) on Feb 21, 2026; authorized capital Rs100,000.](https://nsearchives.nseindia.com/corporate/ORIANA_24022026140014_OPL_WOS_HYDROGEN_240226.pdf) |
| 21 January 2026 - Oriana incorporated OPL BESS SERVICES Private Ltd on 20 Jan 2026; Oriana holds 99.99%, authorized capital Rs.100,000. | [General Updates 21 January 2026 - Oriana incorporated OPL BESS SERVICES Private Ltd on 20 Jan 2026; Oriana holds 99.99%, authorized capital Rs.100,000.](https://nsearchives.nseindia.com/corporate/ORIANA_21012026142939_OPL_NewIncWos_210126.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/ORIANA_14112025233255_OPL_EarningRelease_14nov2025.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/ORIANA_14112024162205_Oriana_Earning_Release_141124.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://nsearchives.nseindia.com/corporate/ORIANA_08112023213518_Oriana_EarningRelease_08112023.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/ORIANA_29052025210248_Oriana_Power_EarningRelease.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/ORIANA_03052024183822_EarningRelease_03052024.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/ORIANA_11062025002429_Oriana_InvestorTranscript_03062025.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://nsearchives.nseindia.com/corporate/ORIANA_24072024190526_Oriana_InvestorRelease_GreenHydrogenProject.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://nsearchives.nseindia.com/corporate/ORIANA_02122025232903_Transcript02122025.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://nsearchives.nseindia.com/corporate/ORIANA_06082024103112_OrianapowetLtd_InvestorRelease_060824.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28859_ORIANA_2024_2025_A_5704013_06092025220214.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25774_ORIANA_2023_2024_04092024235357.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539909/65547539909.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539909/5399090319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539909/5399090318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539909/5399090317.pdf) |

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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 2026-09-13T18:58:38.449Z.