Wagad Finance (BSE: MINOLTAF) is loss-making over the last 12 months, losing ₹0.40 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹1.19, 31% below its 52-week high. Sales grew 171% a year over 3 years. Debt is 19.11× equity. It is a small-cap company with a market cap of ₹60 Cr, ranked 55th of 69 Asset Management companies by market cap; the shares fell 0.8% over the past year.
- ₹1.29
- ₹1.31
- ₹1.19
- ₹1.25
- 9.5 L
Health check
- ReturnsIn line
−0.8% over a year, better than 4 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +171.2% a year over 3 years, but loss-making now.
- ProfitabilityWeak
ROCE 4.1% vs peer median 38.5%.
- Balance sheetStretched
Debt 19.11× equity, interest covered 0.8×, Piotroski 5 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹60 Cr
- Small cap
- P/E
- 0.8
- Industry 25.9
- Price to book
- 1.28
- Peers 13.19
- Dividend yield
- 0.00%
- ROE
- −14.2%
- Peers 35.3%
- ROCE
- 4.1%
- Peers 38.5%
- Debt to equity
- 19.11
- Debt ₹178 Cr
- EPS (TTM)
- ₹1.58
- OPM (TTM)
- 53.0%
- Net margin −2.7%
- Sales growth
- +139.3%
- Latest quarter vs a year ago
- Profit growth
- +242.5%
- Latest quarter vs a year ago
- Price to sales
- 4.02
- EV/EBITDA 18.0
Strengths and risks
Strengths
- Quarterly profit up 242.5% on a year ago.
- Quarterly sales up 139.3% on a year ago.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −14.2%.
- Debt is 19.11× equity.
- 31% below its 52-week high.
- Interest coverage of only 0.8×.
About Wagad Finance
Wagad Finance Limited, a non-banking financial company, engages in lending and investment activities in India. The company offers trade finance, home, business, gold, microfinance, education, two-wheeler, unsecured personal, used cars, and MSME loans, as well as loans against properties, shares, mortgage properties, and gold. It also provides invoice/bill discounting, purchase order financing, and vehicle funding products. Wagad Finance Limited was…
- Headquarters
- Mumbai
- Employees
- 4
- Sector
- Financial Services
- ISIN
- INE514C01026
- Website
- minoltafinance.co.in
Price range
- Avg volume (3M)
- 2.5 L
- 1-year return
- minus 0.8%
- From 52-week high
- minus 31.2%
Peers · Asset Management
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JIOFINJio Financial Services | 231.20 | plus 0.69% | 1,58,445 | 87.9 | 1.19 | 1.7% | 1.3% | 75.8% | 431.5% | 268.2% | 0.26% | minus 23.9% |
| ICICIAMCICICI Prudential Asset Management Company | 2,935.80 | minus 1.45% | 1,45,104 | 41.1 | 27.16 | 98.3% | 76.2% | 74.1% | 28.9% | 29.6% | 1.44% | plus 13.5% |
| BAJAJHLDNGBajaj Holdings & Investment | 11,044.00 | plus 1.80% | 1,22,913 | 13.2 | 1.67 | – | 11.6% | 78.8% | 19.0% | 25.7% | 1.18% | minus 10.3% |
| HDFCAMCHDFC Asset Management Company | 2,649.80 | plus 0.37% | 1,13,701 | 38.3 | 13.19 | 38.5% | 36.4% | 81.4% | 23.9% | 26.2% | 2.04% | minus 2.3% |
| SBIFUNDSSBI Funds Management | 499.55 | minus 1.30% | 1,01,750 | 33.3 | 13.47 | – | 40.4% | 78.5% | – | – | 0.00% | minus 18.1% |
| NAM-INDIANippon Life India Asset Management | 1,065.20 | minus 0.37% | 68,177 | 42.8 | 14.29 | 40.0% | 35.3% | 67.3% | 26.1% | 28.3% | 2.07% | plus 21.3% |
| 360ONE360 ONE WAM | 1,145.00 | plus 0.36% | 49,107 | 38.7 | 4.50 | 13.5% | 12.7% | 47.3% | 24.0% | 22.7% | 1.18% | plus 5.7% |
| MINOLTAFWagad Finance | 1.19 | minus 4.80% | 60 | 0.8 | 1.28 | 4.1% | −14.2% | 53.0% | 171.2% | – | 0.00% | minus 0.8% |
| Median of 7 peers | – | 0.36% | 1,13,701 | 38.7 | 13.19 | 38.5% | 35.3% | 75.8% | 25.0% | 27.2% | 1.18% | −2.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 2.1 | −0 | 4.6 | 5.4 | 4.9 | |
| 0.4 | 4 | 1 | 1.5 | 0.5 | |
| 1.6 | −4 | 3.5 | 3.9 | 4.4 | |
| 80.0% | 11087.5% | 77.8% | 72.9% | 89.1% | |
| 0 | 0 | 0 | −0 | 0 | |
| 1.7 | 2.3 | 1.7 | 4.1 | 4.1 | |
| – | 0 | 0 | 0 | 0 | |
| −0 | −6.4 | 1.9 | −0.2 | 0.3 | |
| −23233.3% | 9.5% | −24.6% | 67.3% | −57.0% | |
| −0.6 | −5.8 | 2.3 | −0.1 | 0.5 | |
| -0.50 | -0.57 | 2.31 | -0.01 | 0.04 |
Profit & loss
- Sales CAGR 3Y
- +171.2%
- ROE
- −14.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.6 | 0.8 | 1 | 12 | |
| – | +27.1% | +33.9% | +1073.8% | |
| 0.5 | 0.7 | 0.9 | 4.2 | |
| 0.1 | 0.1 | 0.1 | 7.8 | |
| 11.6% | 9.1% | 13.9% | 65.0% | |
| −0 | 0 | 0.1 | 3.4 | |
| – | 0 | 0.1 | 9.8 | |
| – | – | – | 0 | |
| – | – | −0.1 | −3.4 | |
| 0.1 | 0.1 | 0 | −2.1 | |
| 26.0% | 26.0% | 18.2% | 30.4% | |
| 0.1 | 0.1 | 0 | −1.4 | |
| – | +0.4% | minus 76.4% | minus 11805.7% | |
| 0.01 | 0.01 | – | -0.12 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10 | 10 | 10 | 10 | |
| 0.7 | 0.7 | 0.7 | −0.7 | |
| 0.9 | 1.3 | 47.5 | 178 | |
| 1.3 | 0.2 | 0.5 | 3 | |
| 12.9 | 12.2 | 58.8 | 190 | |
| – | – | – | 0.1 | |
| 0 | 0 | 0.6 | 3.7 | |
| 1 | 1 | 0.7 | 0.7 | |
| 11.9 | 11.2 | 57.4 | 186 | |
| 12.9 | 12.2 | 58.8 | 190 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −3.6 | −0 | 0.4 | 10.1 | |
| 3.5 | 0.3 | – | −0.1 | |
| – | – | −0.6 | −10 | |
| −0 | 0.2 | −0.3 | −0 | |
| – | – | – | −0.1 | |
| −3.6 | −0 | 0.4 | 10 |
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.