SBFC Finance Ltd
SBFC NSE
SBFC Finance Ltd
Financial ServicesNSE: SBFC BSE: 543959 Finance
Incorporated in 2008, SBFC Finance Limited is a systemically important, NBFC (NBFC-ND-SI) offering Secured MSME Loans and Loans against Gold[1]
AI Verdict: BUY Confidence: 6%
SBFC Finance offers strong profit growth of 40% CAGR over 5 years with unanimous analyst buy ratings (7/7), though the stock trades at 2.71x book value with modest ROE of 12-13%. The 18% correction from highs provides a better entry point for this high-growth NBFC.
Key Fundamentals
MicrocapNBFCFinancial ServicesMarket Cap
₹10,145 Cr
Volatility
Moderate
P/E Ratio
22.04
EBITDA
₹895 Cr
Return on Equity
8.53%
Debt to Equity
1.55
Book Value
₹33.66
EPS
₹2.5
52W High
₹123
52W Low
₹79.6
Technical Indicators
Key Insights
Strengths
1- Company has delivered good profit growth of 39.6% CAGR over last 5 years
Weaknesses
4- Stock is trading at 2.73 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.47%
- Company has a low return on equity of 11.9% over last 3 years.
Growth Rate
Revenue Growth
28.12% ↗
Net Income Growth
45.63% ↗
Cash Flow Change
-22.49% ↘
ROE
26.85% ↗
ROCE
5.60% ↘
EBITDA Margin (Avg.)
2.67% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 26d agoBUY
Risk medium
SBFC Finance offers strong profit growth of 40% CAGR over 5 years with unanimous analyst buy ratings (7/7), though the stock trades at 2.71x book value with modest ROE of 12-13%. The 18% correction from highs provides a better entry point for this high-growth NBFC.
Bull Case 7
- Exceptional profit growth with 40% compounded profit CAGR over 5 years and 44% over 3 years, indicating strong earnings momentum
- Unanimous analyst consensus with 100% buy ratings from all 7 analysts covering the stock
- Robust revenue growth at 29% TTM and 32% compounded sales CAGR over 3 years, showing sustained business expansion
- Improving ROE trajectory from 11% (5-year average) to 13% last year, suggesting operating leverage is kicking in
- Stock has corrected 18% over the past year, offering a more attractive entry point relative to growth rates
- Market cap of Rs 10,528 crore positions SBFC in the mid-cap NBFC space with significant runway for growth
- PE ratio of 22.4x is reasonable for a company delivering 30%+ profit growth, implying a PEG ratio below 1.0
Bear Case 7
- Stock trades at 2.71x price-to-book value, which is expensive for an NBFC with only 12-13% ROE
- Low return on equity of 11.9% over 3 years does not justify the premium valuation multiple
- Zero dividend yield despite repeated profitability, indicating no shareholder return via payouts
- Promoter holding decreased by 0.47% in the last quarter, signaling potential insider confidence concerns
- Stock has underperformed with -18% return over 1 year despite strong earnings growth, suggesting market skepticism
- As a relatively newer listed NBFC, limited long-term track record with no 10-year data available for key metrics
- 5-year compounded sales CAGR of 27% is decelerating compared to 3-year CAGR of 32%, hinting at potential growth slowdown ahead
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 25d ago Positives 2
- Strong Q4 PAT up 30% YoY May 5
SBFC Finance reported Q4 FY26 PAT of ₹123 crores, up 30% YoY, with full-year PAT at ₹451 crores (up 31% YoY) and AUM reaching ₹11,270 crores with 29% annual growth.
- ESOP share allotment boosts capital May 13
SBFC Finance allotted 2,66,519 equity shares on 13 May 2026 under four ESOP schemes, raising paid-up share capital to Rs. 11,06,68,07,480.
TL;DR: SBFC Finance is delivering consistent earnings growth with PAT up 31% YoY for FY26 and AUM expanding 29% annually to ₹11,270 crores. No visible headwinds in recent news flow. The ESOP allotment signals employee retention focus without material dilution. The growth trajectory remains strong, and the trend is clearly improving heading into FY27.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 208 | 230 | 246 | 264 | 279 | 297 | 314 | 333 | 361 | 388 | 411 | 426 | 454 |
| Expenses | 69 | 75 | 83 | 90 | 91 | 94 | 100 | 105 | 113 | 123 | 131 | 127 | 138 |
| Financing Profit | 60 | 66 | 74 | 89 | 100 | 109 | 114 | 122 | 130 | 141 | 151 | 163 | 169 |
| Fin. Margin % | 29% | 29% | 30% | 34% | 36% | 37% | 36% | 37% | 36% | 36% | 37% | 38% | 37% |
| Other Income | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Interest | 79 | 89 | 89 | 85 | 88 | 95 | 100 | 106 | 118 | 125 | 129 | 136 | 147 |
| Depreciation | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 |
| PBT | 58 | 63 | 71 | 86 | 97 | 105 | 110 | 117 | 126 | 136 | 146 | 158 | 164 |
| Tax % | 26% | 25% | 26% | 25% | 24% | 25% | 24% | 25% | 25% | 26% | 25% | 25% | 25% |
| Net Profit | 43 | 47 | 53 | 64 | 73 | 79 | 84 | 88 | 94 | 101 | 109 | 118 | 123 |
| EPS in Rs | 0.48 | 0.51 | 0.49 | 0.6 | 0.68 | 0.73 | 0.78 | 0.81 | 0.87 | 0.93 | 1 | 1.08 | 1.11 |
| Gross NPA % | 2.57% | 2.54% | 2.37% | 2.38% | 2.43% | 2.6% | 2.69% | 2.7% | 2.74% | 2.78% | 2.77% | 2.71% | 2.61% |
| Net NPA % | 1.58% | 1.55% | 1.33% | 1.36% | 1.36% | 1.51% | 1.63% | 1.63% | 1.51% | 1.57% | 1.51% | 1.48% | 1.54% |
Profit & Loss
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 177 | 445 | 510 | 529 | 734 | 1,019 | 1,305 | 1,679 |
| Expenses | 89 | 134 | 149 | 210 | 247 | 338 | 409 | 516 |
| Financing Profit | 37 | 67 | 123 | 97 | 209 | 329 | 475 | 623 |
| Fin. Margin % | 21% | 15% | 24% | 18% | 28% | 32% | 36% | 37% |
| Other Income | 0 | 0 | 1 | 1 | 5 | 1 | 0 | 0 |
| Interest | 50 | 244 | 239 | 222 | 278 | 352 | 421 | 539 |
| Depreciation | 2 | 8 | 10 | 12 | 13 | 13 | 17 | 20 |
| PBT | 35 | 59 | 114 | 87 | 201 | 316 | 459 | 604 |
| Tax % | 30% | 39% | 25% | 26% | 26% | 25% | 25% | 25% |
| Net Profit | 24 | 36 | 85 | 65 | 150 | 237 | 345 | 451 |
| EPS in Rs | 0.36 | 0.46 | 1.03 | 0.77 | 1.67 | 2.21 | 3.18 | 4.07 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 676 | 742 | 797 | 807 | 890 | 1,072 | 1,085 | 1,106 |
| Reserves | 204 | 270 | 408 | 480 | 838 | 1,706 | 2,105 | 2,619 |
| Borrowing | 842 | 3,056 | 2,768 | 2,940 | 3,739 | 3,996 | 5,264 | 7,162 |
| Other Liabilities | 71 | 140 | 258 | 288 | 280 | 289 | 141 | 199 |
| Total Liabilities | 1,793 | 4,208 | 4,231 | 4,515 | 5,747 | 7,063 | 8,596 | 11,085 |
| Fixed Assets | 270 | 294 | 301 | 299 | 296 | 300 | 308 | 314 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 2 |
| Investments | 167 | 1,879 | 1,484 | 848 | 607 | 427 | 327 | 192 |
| Other Assets | 1,356 | 2,035 | 2,446 | 3,368 | 4,843 | 6,334 | 7,961 | 10,577 |
| Total Assets | 1,793 | 4,208 | 4,231 | 4,515 | 5,747 | 7,063 | 8,596 | 11,085 |
Cash Flow
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating | -368 | -383 | -275 | -822 | -1,245 | -1,155 | -1,415 | -1,893 |
| Investing | 146 | -1,863 | 375 | 652 | 206 | 158 | 176 | 131 |
| Financing | 395 | 2,291 | -187 | 183 | 1,071 | 1,037 | 1,281 | 1,977 |
| Net Cash Flow | 173 | 45 | -87 | 13 | 32 | 40 | 41 | 216 |
| Free Cash Flow | -376 | -389 | -290 | -831 | -1,253 | -1,167 | -1,427 | -1,907 |
| CFO/OP | -421 | -104 | -64 | -244 | -243 | -156 | -144 | -148 |
Ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| ROE % | 3% | 4% | 8% | 5% | 10% | 11% | 12% | 13% |
Documents
1
Announcement under Regulation 30 (LODR)-Credit Rating
4 May - ICRA reaffirmed [ICRA]AA-(Stable) rating for SBFC’s 2,100 crore long-term bank facilities on 4 May 2026. 4 May - ICRA reaffirmed [ICRA]AA-(Stable) rating for SBFC’s 2,100 crore long-term bank facilities on 4 May 2026.
2
Announcement under Regulation 30 (LODR)-Credit Rating
30 Apr - ICRA assigned A1+ on ₹200 crore CP and AA- Stable on ₹400 crore NCDs on 30 April 2026. 30 Apr - ICRA assigned A1+ on ₹200 crore CP and AA- Stable on ₹400 crore NCDs on 30 April 2026.
3
Announcement under Regulation 30 (LODR)-Credit Rating
29 Apr - CARE reaffirmed SBFC Finance's 200 crore commercial paper rating at CARE A1+ on 29 April 2026. 29 Apr - CARE reaffirmed SBFC Finance's 200 crore commercial paper rating at CARE A1+ on 29 April 2026.
4
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
27 Apr - SBFC Finance uploaded 27 April 2026 earnings concall audio recording and will publish transcript soon. 27 Apr - SBFC Finance uploaded 27 April 2026 earnings concall audio recording and will publish transcript soon.
5
Announcement under Regulation 30 (LODR)-Credit Rating
4 May - ICRA reaffirmed [ICRA]AA-(Stable) rating for SBFC’s 2,100 crore long-term bank facilities on 4 May 2026. 4 May - ICRA reaffirmed [ICRA]AA-(Stable) rating for SBFC’s 2,100 crore long-term bank facilities on 4 May 2026.
Frequently Asked Questions about SBFC Finance Ltd
What does SBFC Finance Ltd do?
Incorporated in 2008, SBFC Finance Limited is a systemically important, NBFC (NBFC-ND-SI) offering Secured MSME Loans and Loans against Gold[1]
Where is SBFC Finance Ltd (SBFC) listed?
SBFC Finance Ltd is listed on the Indian stock exchanges. It is listed on NSE: SBFC and BSE: 543959. You can view its live share price, financials, and ratios on Tapetide.
Which sector does SBFC Finance Ltd belong to?
SBFC Finance Ltd operates in the Financial Services sector within the Finance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of SBFC Finance Ltd?
SBFC Finance Ltd has a market capitalisation of approximately ₹10144.71 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of SBFC Finance Ltd?
The Price-to-Earnings (PE) ratio of SBFC Finance Ltd is 22.04. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of SBFC Finance Ltd?
Over the past 52 weeks, SBFC Finance Ltd has traded between a low of ₹79.6 and a high of ₹123. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of SBFC Finance Ltd?
SBFC Finance Ltd has a Return on Equity (ROE) of 8.53%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research SBFC Finance Ltd on Tapetide?
On Tapetide, you can view SBFC Finance Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 2008, SBFC Finance Limited is a systemically important, NBFC (NBFC-ND-SI) offering Secured MSME Loans and Loans against Gold[1]