As of 6 Nov 2026, Emerald Finance trades at 12.1× trailing earnings, and the shares are 38% below their 52-week high. It earns ROE of 16%, and net profit grew 61% a year over 3 years. For banks and lenders, ROCE and debt-to-equity are not used; it trades at 2.07× book value and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹200 Cr, ranked 71st of 193 Credit Services companies by market cap; the shares fell 33% over the past year.
- ₹57.64
- ₹60.30
- ₹57.01
- ₹57.89
- 35.1K
Health check
- ReturnsBehind
−33.3% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/B 2.07 vs peer median 2.62.
- GrowthStrong
Profit +60.9% a year over 3 years.
- ProfitabilityAverage
ROE 16.0% vs peer median 18.7%.
- Balance sheetn/a
Asset quality (bad loans) isn’t in our data.
- Red flags1 to check
38% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹200 Cr
- Small cap
- P/E
- 12.1
- Industry 15.5
- Price to book
- 2.07
- Peers 2.62
- Dividend yield
- 0.17%
- ROE
- 16.0%
- Peers 18.7%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- ₹4.80
- OPM (TTM)
- 67.1%
- Net margin 47.7%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- +49.3%
- Latest quarter vs a year ago
- Price to sales
- 5.91
- EV/EBITDA 8.1
Strengths and risks
Strengths
- Quarterly profit up 49.3% on a year ago.
Risks to check
- 38% below its 52-week high.
About Emerald Finance
Emerald Finance Limited, a non-banking financial company, provides financial services in India. It operates through SME Lending, Retail Lending, Loan Distribution, and Digital Lending/Early Wage Access (EWA) Products segments. The company offers SME and retail lending, loan distribution, digital lending products, salary advance/earned wage access products, and related financial services. It also provides business and personal loans; and EWA, an on-demand…
- Headquarters
- Chandigarh
- Employees
- 35
- Sector
- Financial Services
- ISIN
- INE030Q01015
- Website
- emeraldfin.com
Price range
- Avg volume (3M)
- 44.5K
- 1-year return
- minus 33.3%
- From 52-week high
- minus 37.7%
Peers · Credit Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCEBajaj Finance | 1,087.75 | plus 1.66% | 6,77,005 | 31.3 | 5.49 | 19.0% | 3.8% | 18.2% | 0.50% | plus 1.2% |
| SHRIRAMFINShriram Finance | 961.15 | minus 0.30% | 2,26,167 | 16.0 | 2.03 | 14.8% | 3.9% | 18.6% | 1.80% | plus 21.0% |
| CHOLAFINCholamandalam Investment and Finance Company | 1,785.00 | plus 1.42% | 1,53,103 | 24.5 | 4.41 | 20.6% | 2.6% | 25.2% | 0.11% | plus 0.8% |
| TATACAPTata Capital | 358.05 | plus 2.93% | 1,50,979 | 25.4 | 3.10 | 14.1% | 2.2% | – | 0.16% | plus 5.6% |
| MUTHOOTFINMuthoot Finance | 2,869.00 | plus 1.06% | 1,15,181 | 9.4 | 2.62 | 31.6% | 6.3% | 43.1% | 1.05% | minus 11.0% |
| PFCPower Finance Corporation | 328.80 | minus 0.18% | 1,08,507 | 4.1 | 0.74 | 18.7% | 2.7% | 17.7% | 4.99% | minus 16.9% |
| IRFCIndian Railway Finance Corporation | 80.43 | plus 0.37% | 1,05,110 | 14.3 | 1.73 | 12.6% | 1.4% | 4.4% | 2.74% | minus 34.4% |
| EMERALDEmerald Finance | 57.98 | plus 0.16% | 200 | 12.1 | 2.07 | 16.0% | – | 60.9% | 0.17% | minus 33.3% |
| Median of 7 peers | – | 1.06% | 1,50,979 | 16.0 | 2.62 | 18.7% | 2.7% | 18.4% | 1.05% | 0.8% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 6.5 | 6.7 | 7.8 | 9.8 | 9.4 | |
| – | – | – | +51.1% | +40.5% | |
| 2.7 | 2.5 | 2.5 | 3.5 | 2.6 | |
| 3.7 | 4.2 | 5.3 | 6.2 | 6.8 | |
| 57.6% | 63.1% | 68.5% | 63.9% | 72.2% | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.1 | – | – | 0.2 | 0.1 | |
| −0.1 | – | – | −0.1 | −0.2 | |
| 3.6 | 4.3 | 5.3 | 5.9 | 6.5 | |
| 26.4% | 25.2% | 25.2% | 26.7% | 25.5% | |
| 2.6 | 3.1 | 4 | 4.1 | 4.6 | |
| – | – | – | +58.4% | +49.3% | |
| 0.74 | 0.92 | 1.15 | 1.17 | 1.44 |
Profit & loss
- Profit CAGR 3Y
- +60.9%
- EPS CAGR 3Y
- +53.5%
- ROE
- 16.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.5 | 13.3 | 21.6 | 31.2 | |
| – | +15.9% | +61.7% | +44.5% | |
| 6.4 | 7.3 | 9.4 | 10.1 | |
| 5.1 | 6 | 12.2 | 21 | |
| 44.2% | 45.2% | 56.5% | 67.5% | |
| −0 | −0 | 0 | 0 | |
| 0.1 | 0 | 0.1 | 0.3 | |
| 0 | 0.1 | 0.1 | 0.2 | |
| −0.3 | −0.3 | −0 | −0.2 | |
| 4.7 | 5.6 | 11.9 | 20.4 | |
| 25.6% | 25.8% | 25.6% | 25.6% | |
| 3.5 | 4.1 | 8.4 | 14.5 | |
| – | +19.1% | +103.8% | +71.7% | |
| 1.15 | 1.37 | 2.43 | 4.17 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 30.1 | 30.1 | 34.5 | 34.5 | |
| 13.9 | 17.6 | 50 | 62.1 | |
| 5.4 | 14.5 | 15.6 | 17.1 | |
| 2.6 | 2.6 | 4 | 7.1 | |
| 52 | 64.9 | 104 | 121 | |
| 0.1 | 0.5 | 0.6 | 1.3 | |
| – | – | 0 | – | |
| 0.5 | 0.1 | 3.2 | – | |
| 6.5 | 5.9 | 17.5 | 5 | |
| 44.9 | 58.4 | 82.7 | 114 | |
| 52 | 64.9 | 104 | 121 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.5 | −11.3 | −12.8 | −10.1 | |
| −0.2 | −0 | −0.4 | −1 | |
| 3.3 | 7.7 | 27.6 | −1.5 | |
| 4.6 | −3.6 | 14.4 | −12.6 | |
| −0.1 | −0.5 | −0.3 | −0.9 | |
| 1.4 | −11.7 | −13.1 | −10.9 | |
| – | – | −0.5 | −0.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.