---
title: "SPS Finquest Ltd (899186) — Share Price, Financials & Analysis"
symbol: "899186"
company: "SPS Finquest Ltd"
canonical: "https://tapetide.com/stocks/899186"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T19:21:56.142Z"
---

# SPS Finquest Ltd (899186)

Canonical page: https://tapetide.com/stocks/899186

## Company

- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2014-06-03
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** spsfinquest.co.in

## About

Incorporated in 1996, SPS Finquest Ltd is a Non-banking Finance Company engaged in stock financing and providing inter-corporate loans.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Stock is trading at 2.86 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 0.68% over past five years.
- Company has a low return on equity of 4.35% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -9% | -48% | 17% |
| revenue growth | 0% | -33% | 1% |

## Financial Statements

### Quarterly Results

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

| Item | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 1.21 | -3.08 | 1.13 | 12.64 | 2.44 | 0.97 | 3.19 | 2.88 | 2.08 | 1.74 | 2.09 | 2.68 |
| Expenses | 6.46 | 0.46 | 8.19 | 0.32 | 0.46 | 1.89 | 0.44 | 0.44 | 5.94 | 0.75 | 0.36 | 0.54 |
| Financing Profit | -5.64 | -3.97 | -7.89 | 11.57 | 1.23 | -1.6 | 2.53 | 2.28 | -4.12 | 0.87 | 1.71 | 2.05 |
| Financing Margin % | -466.12 | 128.9 | -698.23 | 91.53 | 50.41 | -164.95 | 79.31 | 79.17 | -198.08 | 50 | 81.82 | 76.49 |
| Other Income | 9.07 | 0.06 | 0 | 0.08 | 0.04 | 0.04 | 0 | 0 | 0 | 0.04 | 0 | 0 |
| Interest | 0.39 | 0.43 | 0.83 | 0.75 | 0.75 | 0.68 | 0.22 | 0.16 | 0.26 | 0.12 | 0.02 | 0.09 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 3.42 | -3.92 | -7.9 | 11.64 | 1.26 | -1.57 | 2.52 | 2.27 | -4.13 | 0.9 | 1.7 | 2.04 |
| Tax % | 8.77 | 13.78 | 11.39 | -4.21 | 34.13 | 77.71 | 78.17 | -126.43 | -25.67 | 22.22 | 32.94 | 25 |
| Net Profit | 3.13 | -4.46 | -8.8 | 12.12 | 0.83 | -2.79 | 0.54 | 5.14 | -3.07 | 0.7 | 1.14 | 1.53 |
| EPS in Rs | 3.09 | -4.4 | -8.68 | 11.96 | 0.82 | -2.75 | 0.53 | 5.07 | -3.03 | 0.69 | 1.12 | 1.51 |

### Profit & Loss

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

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 2.75 | 7.31 | 0.43 | 3.94 | 8.09 | 18.52 | 27.42 | 9.05 | 8.33 | 8.37 |
| Expenses | 0.31 | 0.34 | 0.88 | 8.33 | 18.95 | 1.26 | 1.94 | 2.55 | 5.97 | 3.86 |
| Financing Profit | 2.44 | 6.59 | -0.87 | -6.21 | -14.61 | 8.44 | 23.77 | 3.48 | 1.59 | 4.4 |
| Financing Margin % | 88.73 | 90.15 | -202.33 | -157.61 | -180.59 | 45.57 | 86.69 | 38.45 | 19.09 | 52.57 |
| Other Income | 0 | 0 | 0 | 0 | 0.02 | 0 | 0.06 | 0 | 0 | 0 |
| Interest | 0 | 0.38 | 0.42 | 1.82 | 3.75 | 8.82 | 1.71 | 3.02 | 0.77 | 0.11 |
| Depreciation | 0.01 | 0.01 | 0 | 0.05 | 0.04 | 0.03 | 0.03 | 0.05 | 0.04 | 0.03 |
| Profit before tax | 2.43 | 6.58 | -0.87 | -6.26 | -14.63 | 8.41 | 23.8 | 3.43 | 1.55 | 4.37 |
| Tax % | 21.4 | 27.66 | -91.95 | 11.98 | -1.98 | 9.51 | 8.78 | 60.06 | -112.9 | 31.12 |
| Net Profit | 1.92 | 4.77 | -0.07 | -7.01 | -14.34 | 7.61 | 21.71 | 1.36 | 3.31 | 3.02 |
| EPS in Rs | 1.9 | 4.72 | -0.07 | -6.94 | -14.2 | 7.53 | 21.41 | 1.34 | 3.27 | 2.98 |
| 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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.51 | 4.51 | 4.51 | 4.51 | 4.51 | 4.51 | 10.14 | 10.14 | 10.14 | 10.14 |
| Reserves | 25.23 | 29.99 | 29.92 | 36.09 | 21.74 | 29.35 | 45.45 | 46.82 | 50.12 | 53.17 |
| Borrowing | 0.1 | 0.1 | 10.41 | 5.17 | 42.8 | 27.74 | 29.71 | 25.1 | 8.51 | 0 |
| Other Liabilities | 11.53 | 9.92 | 11.87 | 19.9 | 0.91 | 4.16 | 1.99 | 4.3 | 0.36 | 1.63 |
| Total Liabilities | 41.37 | 44.52 | 56.71 | 65.67 | 69.96 | 65.76 | 87.29 | 86.36 | 69.13 | 64.94 |
| Fixed Assets | 0.01 | 0.01 | 0.2 | 0.15 | 0.12 | 0.09 | 0.2 | 0.15 | 0.11 | 0.09 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5.07 | 13.75 | 19.64 | 30.4 | 41.81 | 17.42 | 31.51 | 56.11 | 3.69 | 4.43 |
| Other Assets | 36.29 | 30.76 | 36.87 | 35.12 | 28.03 | 48.25 | 55.58 | 30.1 | 65.33 | 60.42 |
| Total Assets | 41.37 | 44.52 | 56.71 | 65.67 | 69.96 | 65.76 | 87.29 | 86.36 | 69.13 | 64.94 |

### Cash Flow

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

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -4.92 | 5.25 | -1.28 | 10.17 | -12 | -0.63 | 6.95 | 16.89 | -34.27 | 12.33 |
| Cash from Investing Activity | -2.88 | -5.03 | -8.75 | -3.47 | -21.4 | 24.24 | 6.11 | -19.96 | 48.97 | -2.73 |
| Cash from Financing Activity | 3.04 | 0.08 | 9.9 | -7.03 | 33.87 | -23.88 | 0.26 | -7.62 | -17.36 | -8.61 |
| Net Cash Flow | -4.76 | 0.29 | -0.13 | -0.33 | 0.47 | -0.27 | 13.32 | -10.69 | -2.66 | 0.99 |
| Free Cash Flow | -4.92 | 5.24 | -1.48 | 10.16 | -12.01 | -0.64 | 6.87 | 16.89 | -34.27 | 12.33 |
| CFO/OP | -202 | 75 | 284 | -232 | 110 | -4 | 30 | 260 | -1359 | 295 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ROE % | 6.67 | 14.85 | -0.2 | -18.69 | -42.9 | 25.32 | 48.43 | 2.42 | 5.65 | 4.89 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 46.86% | 50.47% | 54.25% | 54.28% | 55.94% | 57.76% | 58.42% | 58.94% | 95.97% |
| Public | 53.14% | 49.53% | 45.75% | 45.72% | 44.06% | 42.24% | 41.59% | 41.05% | 4.04% |
| No. of Shareholders | 127 | 118 | 102 | 93 | 90 | 322 | 336 | 450 | 410 |

### Quarterly

| Category | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 57.76% | 57.76% | 57.76% | 57.76% | 58.41% | 58.42% | 58.42% | 58.42% | 58.94% | 58.94% | 58.94% | 95.97% |
| Public | 42.24% | 42.24% | 42.24% | 42.23% | 41.59% | 41.59% | 41.58% | 41.58% | 41.05% | 41.05% | 41.06% | 4.04% |
| No. of Shareholders | 157 | 322 | 342 | 324 | 333 | 336 | 342 | 372 | 467 | 450 | 462 | 410 |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2b0c9887-ab03-4a0a-9ba1-b4ce03233073.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a6958477-7420-457c-9df9-45b0e106a92d.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/538402/76184538402.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/538402/71958538402.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/538402/66708538402.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/538402/5384020319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/538402/5384020318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/538402/5384020317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/538402/5384020316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/538402/5384020315.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 2026-09-13T19:21:56.142Z.