On 6 Nov 2026, Esaar (India) was priced at ₹11.18, or 0.9× trailing earnings, against an industry P/E of 18.4×, and the shares are 18% below their 52-week high. Its ROCE of 40% is the highest among the 7 largest Capital Markets peers, and sales and net profit grew 8.7% and 35% a year over 3 years. Debt is 1.19× equity. It is a small-cap company with a market cap of ₹90 Cr, ranked 90th of 219 Capital Markets companies by market cap; the shares fell 14% over the past year.
- ₹10.55
- ₹11.29
- ₹10.38
- ₹10.49
- 2.6 L
Health check
- ReturnsBehind
−13.9% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 0.9 vs industry 18.4.
- GrowthSteady
Sales +8.7%, profit +35.5% a year over 3 years.
- ProfitabilityStrong
ROCE 39.9% vs peer median 22.1%.
- Balance sheetFair
Debt 1.19× equity, interest covered 2.6×, Piotroski 7 of 9.
- Red flags1 to check
Interest coverage of only 2.5×.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹90 Cr
- Small cap
- P/E
- 0.9
- Industry 18.4
- Price to book
- 0.58
- Peers 4.53
- Dividend yield
- 0.00%
- ROE
- 35.4%
- Peers 18.9%
- ROCE
- 39.9%
- Peers 22.1%
- Debt to equity
- 1.19
- Debt ₹47 Cr
- EPS (TTM)
- ₹11.99
- OPM (TTM)
- 63.4%
- Net margin 62.8%
- Sales growth
- +221.6%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 1.89
- EV/EBITDA 1.5
Strengths and risks
Strengths
- Return on equity of 35.4%.
- Return on capital employed of 39.9%.
- Quarterly sales up 221.6% on a year ago.
- Net margin of 62.8%.
- P/E of 0.9 against an industry P/E of 18.4.
Risks to check
- Interest coverage of only 2.5×.
About Esaar (India)
Esaar (India) Limited, a non-banking financial company, provides asset finance services in India. The company offers retail credit, such as home, business, personal, education, vehicle, demand, project, and commercial property loans, as well as agri and rural financing, loan against securities, lease rental discounting, and loan against property. It also provides start up loans, mentorship, and seed funding. In addition, the company is involved in share…
- Headquarters
- Mumbai
- Employees
- 6
- Sector
- Financial Services
- ISIN
- INE404L01039
- Website
- esaar.in
Price range
- Avg volume (3M)
- 3.1 L
- 1-year return
- minus 13.9%
- From 52-week high
- minus 17.7%
Peers · Capital Markets
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROWWBillionbrains Garage Ventures | 215.08 | minus 3.93% | 1,33,585 | 50.3 | 13.78 | 29.3% | 21.6% | 62.9% | – | – | 0.00% | plus 63.8% |
| MOTILALOFSMotilal Oswal Financial Services | 1,102.00 | plus 0.64% | 66,448 | 25.0 | 4.27 | 18.1% | 18.9% | 52.4% | 29.0% | 26.1% | 0.54% | plus 11.1% |
| AIILAuthum Investment & Infrastructure | 570.05 | plus 0.08% | 48,410 | 27.6 | 3.29 | 15.2% | 13.1% | 74.0% | 44.4% | −23.5% | 0.00% | minus 0.7% |
| ANGELONEAngel One | 331.00 | plus 1.49% | 30,290 | 26.8 | 4.53 | 26.9% | 18.4% | 39.7% | 20.3% | 0.9% | 1.95% | plus 29.5% |
| CDSLCentral Depository Services (India) | 1,331.40 | minus 0.19% | 27,826 | 55.1 | 14.03 | 29.7% | 26.4% | 51.3% | 27.3% | 18.2% | 0.96% | minus 13.3% |
| CHOICEINChoice International | 748.20 | minus 0.09% | 16,668 | 62.9 | 8.90 | 17.6% | 15.8% | 35.3% | 42.2% | 53.6% | 0.00% | minus 7.4% |
| IIFLCAPSIIFL Capital Services | 349.80 | plus 0.13% | 13,036 | 18.8 | 3.15 | 22.1% | 19.5% | 36.1% | 19.9% | 30.9% | 0.86% | plus 4.1% |
| ESARINDEsaar (India) | 11.18 | plus 6.58% | 90 | 0.9 | 0.58 | 39.9% | 35.4% | 63.4% | 8.7% | 35.5% | 0.00% | minus 13.9% |
| Median of 7 peers | – | 0.08% | 30,290 | 27.6 | 4.53 | 22.1% | 18.9% | 51.3% | 28.2% | 22.2% | 0.54% | 4.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 2 | 14.5 | 2.8 | 21.5 | 6.3 | |
| 15.8 | 0.4 | −1.4 | 14.6 | 3 | |
| −13.8 | 14.1 | 4.2 | 6.9 | 3.3 | |
| −706.1% | 97.4% | 152.1% | 32.0% | 53.0% | |
| 0.1 | 0.3 | 0.4 | 14.8 | 1.6 | |
| 3.4 | 4.8 | 3 | – | 3.1 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| −17.1 | 9.6 | 1.6 | 21.6 | 1.8 | |
| – | −23.8% | 649.9% | −15.8% | 6.0% | |
| −17.1 | 11.8 | −8.6 | 25 | 1.7 | |
| -6.86 | 4.75 | -3.45 | 10.03 | 0.66 |
Profit & loss
- Sales CAGR 3Y
- +8.7%
- Profit CAGR 3Y
- +35.5%
- EPS CAGR 3Y
- +35.5%
- ROE
- 35.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 19.2 | 10.5 | 12.1 | 24.7 | |
| – | minus 45.6% | +15.4% | +104.2% | |
| 6.1 | 12.1 | 8.8 | −0.1 | |
| 13.1 | −1.6 | 3.3 | 24.8 | |
| 68.3% | −15.6% | 27.1% | 100.4% | |
| 6 | 9.5 | −0 | 0.5 | |
| 7.3 | 6.9 | 5.4 | 9.7 | |
| 0 | 0.2 | 0.2 | 0.2 | |
| −6 | – | 0.7 | 0.3 | |
| 5.8 | 0.8 | −1.6 | 15.6 | |
| 22.8% | 158.4% | −43.9% | 28.7% | |
| 4.5 | −0.5 | −2.2 | 11.1 | |
| 1.80 | -0.20 | -0.90 | 4.47 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20.4 | 20.4 | 20.4 | 20.4 | |
| 24.2 | 12.7 | 3 | 19.1 | |
| 107 | 42 | 54.3 | 46.9 | |
| 7.2 | 31.2 | 31 | 33.3 | |
| 159 | 106 | 109 | 120 | |
| 2.1 | 1.9 | 1.7 | 1.5 | |
| 18.5 | 17.7 | 17.2 | 16.2 | |
| 0.8 | 0.2 | 0.3 | 0.2 | |
| 137 | 86.5 | 89.4 | 102 | |
| 159 | 106 | 109 | 120 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −41.3 | 75.2 | −1.8 | 0.2 | |
| 8.4 | −3.6 | −10.3 | 7.1 | |
| 32.9 | −72.4 | 12.4 | −7.4 | |
| 0 | −0.7 | 0.2 | −0.1 | |
| −1.8 | – | – | – | |
| −43.1 | 75.2 | −1.8 | 0.2 |
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.