Fusion Finance
Fusion Finance
Financial ServicesKey Fundamentals
MicrocapMicrofinanceFinancial ServicesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
3- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.58%
- Company has a low return on equity of -10.2% over last 3 years.
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 69d agoFusion Finance Ltd is a financial services company with a market cap of ₹3,626 Cr trading at a PE of 267.8x. The company has shown a TTM profit growth of 101% but continues to face challenges with negative 3-year ROE of -10% and a TTM revenue decline of -28%.
- TTM compounded profit growth of 101% indicates a sharp turnaround from prior losses
- Last year ROE turned positive at 1% after 3-year average of -10%, signaling potential inflection point
- 5-year compounded sales CAGR of 15% demonstrates longer-term revenue growth capability
- Price-to-book ratio of 1.52x is relatively modest for a financial services company, suggesting limited downside from book value
- Stock has delivered 18% return over the past 1 year, reflecting improving market sentiment
- Company has moved from deeply negative profitability (3-year profit CAGR of -67%) to positive TTM profit growth of 101%, showing operational recovery
- 5-year compounded profit CAGR of -21% is less severe than 3-year CAGR of -67%, suggesting the worst period of losses may be behind
- PE ratio of 267.8x is extremely elevated, implying the stock is priced for a dramatic earnings recovery that may not materialize
- 3-year average ROE of -10.2% indicates sustained destruction of shareholder value over a multi-year period
- TTM revenue decline of -28% shows the core business is contracting significantly
- Low interest coverage ratio raises concerns about the company's ability to service its debt obligations
- Promoter holding decreased by 0.38% in the last quarter, signaling potential lack of insider confidence
- Zero dividend yield means shareholders rely entirely on capital appreciation with no income cushion
- 3-year stock CAGR of -26% reflects prolonged wealth erosion for longer-term investors
- 3-year compounded profit CAGR of -67% demonstrates a severe and extended earnings deterioration
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 69d ago- Promoters reclassified to public Jul 3
NSE and BSE approved reclassification of 21 promoter entities holding 28.67 lakh shares (1.77% of shareholding) to public category.
- Investor meetings in Mumbai Jun 16
Fusion Finance scheduled analyst and investor meetings for June 23-24, 2026, in Mumbai conducted in-person.
- AGM set for July 22 Jun 30
32nd AGM scheduled for July 22, 2026, via video conferencing to cover FY 2025-26 financial results and routine business.
- BRSR filed for FY26 Jun 30
Filed BRSR for FY26 reporting 12,021 employees and 5,896 customer grievances during the year.
- FY26 shareholding disclosure Jun 20
Annual shareholding patterns disclosed for FY26 with promoters confirming no new share encumbrances.
TL;DR: Fusion Finance's recent news flow is entirely routine and compliance-driven, with no material positive catalysts or emerging risks. The promoter reclassification of 1.77% stake is cosmetic and does not signal any change in control. The 5,896 customer grievances reported in BRSR bear monitoring but lack context on resolution rates. Overall, the stock is in a quiet phase with no clear directional trigger from recent disclosures.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 531 | 547 | 593 | 646 | 688 | 692 | 474 | 466 | 442 | 401 | 416 | 424 | 458 |
| Expenses | 208 | 213 | 243 | 286 | 532 | 884 | 773 | 458 | 387 | 318 | 284 | 258 | 244 |
| Financing Profit | 140 | 143 | 149 | 145 | -67 | -420 | -513 | -171 | -93 | -52 | 9 | 33 | 64 |
| Fin. Margin % | 26% | 26% | 25% | 22% | -10% | -61% | -108% | -37% | -21% | -13% | 2% | 8% | 14% |
| Other Income | 22 | 25 | 20 | 29 | 18 | 12 | 9 | 10 | 3 | 32 | 8 | 6 | 0 |
| Interest | 183 | 191 | 201 | 215 | 223 | 227 | 214 | 179 | 149 | 134 | 123 | 132 | 150 |
| Depreciation | 2 | 2 | 2 | 3 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 |
| PBT | 159 | 166 | 166 | 172 | -51 | -410 | -508 | -165 | -92 | -22 | 14 | 37 | 62 |
| Tax % | 24% | 24% | 24% | 23% | -30% | -26% | 42% | 0% | 0% | 0% | 0% | -205% | 0% |
| Net Profit | 120 | 126 | 126 | 133 | -36 | -305 | -719 | -165 | -92 | -22 | 14 | 114 | 62 |
| EPS in Rs | 7.46 | 7.75 | 7.8 | 8.19 | -2.2 | -18.82 | -44.38 | -10.15 | -5.69 | -1.37 | 0.87 | 7.08 | 3.86 |
| Gross NPA % | 3.2% | 2.68% | 3.04% | 2.89% | 5.46% | 9.41% | 12.58% | 7.92% | 5.43% | 4.61% | 4.38% | 3.21% | 2.51% |
| Net NPA % | 0.78% | 0.65% | 0.77% | 0.77% | 1.25% | 2.41% | 1.71% | 0.3% | 0.19% | 0.38% | 0.63% | 0.51% | 0.47% |
Profit & Loss
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 266 | 494 | 720 | 856 | 1,151 | 1,742 | 2,317 | 2,344 | 1,699 | 1,699 |
| Expenses | 182 | 172 | 290 | 437 | 676 | 638 | 949 | 2,646 | 1,247 | 1,105 |
| Financing Profit | -53 | 68 | 93 | 43 | -20 | 461 | 577 | -1,146 | -87 | 55 |
| Fin. Margin % | -20% | 14% | 13% | 5% | -2% | 26% | 25% | -49% | -5% | 3% |
| Other Income | 1 | 3 | 10 | 17 | 50 | 58 | 96 | 25 | 34 | 46 |
| Interest | 137 | 254 | 338 | 375 | 496 | 643 | 791 | 844 | 539 | 540 |
| Depreciation | 2 | 2 | 3 | 4 | 5 | 7 | 9 | 12 | 10 | 9 |
| PBT | -54 | 68 | 100 | 57 | 24 | 512 | 663 | -1,133 | -63 | 92 |
| Tax % | -26% | 26% | 30% | 23% | 11% | 24% | 24% | 8% | -122% | — |
| Net Profit | -39 | 51 | 70 | 44 | 22 | 387 | 505 | -1,225 | 14 | 169 |
| EPS in Rs | -5.7 | 4.81 | 5.14 | 3.25 | 1.61 | 23.97 | 31.17 | -75.54 | 0.86 | 10.44 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 41 | 62 | 79 | 79 | 83 | 100 | 101 | 101 | 162 |
| Reserves | 214 | 564 | 1,120 | 1,167 | 1,255 | 2,222 | 2,748 | 1,543 | 2,294 |
| Borrowing | 1,608 | 2,929 | 2,974 | 4,432 | 5,776 | 6,778 | 8,616 | 6,402 | 5,571 |
| Other Liabilities | 106 | 56 | 67 | 159 | 177 | 263 | 310 | 247 | 268 |
| Total Liabilities | 1,968 | 3,611 | 4,240 | 5,838 | 7,290 | 9,364 | 11,774 | 8,293 | 8,295 |
| Fixed Assets | 5 | 6 | 6 | 18 | 19 | 21 | 31 | 27 | 26 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 19 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 |
| Other Assets | 1,963 | 3,604 | 4,233 | 5,820 | 7,271 | 9,342 | 11,739 | 8,261 | 8,248 |
| Total Assets | 1,968 | 3,611 | 4,240 | 5,838 | 7,290 | 9,364 | 11,774 | 8,293 | 8,295 |
Cash Flow
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | -597 | -1,418 | -749 | -793 | -1,641 | -1,663 | -1,350 | 1,448 | 1,146 |
| Investing | 184 | 15 | 20 | 10 | 18 | 18 | 31 | 74 | 12 |
| Financing | 741 | 1,631 | 545 | 1,459 | 1,418 | 1,584 | 1,843 | -2,214 | -67 |
| Net Cash Flow | 329 | 229 | -184 | 676 | -204 | -61 | 524 | -692 | 1,092 |
| Free Cash Flow | -599 | -1,421 | -753 | -801 | -1,647 | -1,671 | -1,370 | 1,441 | 1,128 |
| CFO/OP | -708 | -433 | -164 | -177 | -336 | -140 | -89 | -489 | 254 |
Ratios
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| ROE % | -15% | 12% | 8% | 4% | 2% | 21% | 20% | -55% | 1% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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51 extracted metrics + investor summaries across FY18–FY26.
Documents
Frequently Asked Questions about Fusion Finance
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Company Information
Incorporated in 1994, Fusion Finance Ltd is primarily engaged in microfinance lending activities[1]
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