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Turtlemint Fintech Solutions Ltd
TURTLEMINT NSE
Turtlemint Fintech Solutions Ltd
Financial ServicesNSE: TURTLEMINT BSE: 544799 Financial Technology (Fintech)
Key Fundamentals
MicrocapMarket Cap
₹4,217 Cr
Volatility
Moderate
P/E Ratio
-24.5
EBITDA
₹-185 Cr
Debt to Equity
0.05
Book Value
₹33.47
52W High
₹158.5
52W Low
₹110.41
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Turtlemint Fintech Solutions Ltd insights
28 extracted metrics + investor summaries across FY22–FY25.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
4- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 105 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.
Growth Rate
Revenue Growth
58.44% ↗
Net Income Growth
-0.79% ↗
Cash Flow Change
10.70% ↗
ROE
37.91% ↗
ROCE
30.05% ↘
EBITDA Margin (Avg.)
-26.61% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 51d agoAI opinion · based on fundamentals
Risk high
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%.
Bull Case 8
- 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
Bear Case 8
- 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
| 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 in Rs | -3,785 | -4,434 | -11.66 | 0.59 | -1.28 |
Profit & Loss
| 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 in Rs | -16,286 | -27,603 | -18,467 | -18,629 | -34.51 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| 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 | 300 |
| Borrowings | 19 | 28 | 21 | 28 | 18 |
| Other Liabilities | 74 | 131 | 30 | 142 | 126 |
| Total Liabilities | 199 | 900 | 613 | 579 | 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 | 535 | 416 |
| Total Assets | 199 | 900 | 613 | 579 | 450 |
Cash Flow
| 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
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 95 | 91 | 173 | 88 | 53 |
| Cash Conversion Cycle | 95 | 91 | 173 | 88 | 53 |
| Working Capital Days | 9 | 467 | 1,156 | 95 | 31 |
| ROCE % | — | -64% | -28% | -37% | -36% |
Documents
1
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015 17 Aug 2026
General_Announcements
3
Board Meeting Outcome for Outcome Of The Board Meeting Of The Company Held On Friday August 14 2026. 14 Aug 2026
Outcome
Frequently Asked Questions about Turtlemint Fintech Solutions Ltd
What does Turtlemint Fintech Solutions Ltd do?
Incorporated in 2015, Turtlemint Limited is
a technology-enabled insurance distribution platform that connects customers, insurance advisors (Digital Partners), and insurers.[1]
Where is Turtlemint Fintech Solutions Ltd (TURTLEMINT) listed?
Turtlemint Fintech Solutions Ltd is listed on the Indian stock exchanges. It is listed on NSE: TURTLEMINT and BSE: 544799. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Turtlemint Fintech Solutions Ltd belong to?
Turtlemint Fintech Solutions Ltd operates in the Financial Services sector within the Financial Technology (Fintech) industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Turtlemint Fintech Solutions Ltd?
Turtlemint Fintech Solutions Ltd has a market capitalisation of approximately ₹4216.64 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Turtlemint Fintech Solutions Ltd?
The Price-to-Earnings (PE) ratio of Turtlemint Fintech Solutions Ltd is -24.50. 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 Turtlemint Fintech Solutions Ltd?
Over the past 52 weeks, Turtlemint Fintech Solutions Ltd has traded between a low of ₹110.41 and a high of ₹158.5. This range helps investors understand the stock's price volatility and recent trading levels.
How can I research Turtlemint Fintech Solutions Ltd on Tapetide?
On Tapetide, you can view Turtlemint Fintech Solutions 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 2015, Turtlemint Limited is a technology-enabled insurance distribution platform that connects customers, insurance advisors (Digital Partners), and insurers.[1]
Website turtlemint.com
Face Value ₹ 1