As of 6 Nov 2026, SG Finserve trades at 24.0× trailing earnings, above the industry P/E of 18.4×. Sales and net profit grew 102% and 91% a year over 3 years, with ROCE of 20% and ROE of 14%. Debt is 2.73× equity. It is a small-cap company with a market cap of ₹4,593 Cr, ranked 10th of 219 Capital Markets companies by market cap; the shares rose 84% over the past year.
- ₹701.65
- ₹703.35
- ₹643.50
- ₹701.65
- 1.9 L
Health check
- ReturnsAhead
+84.2% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 24.0 vs industry 18.4.
- GrowthStrong
Sales +102.3%, profit +90.7% a year over 3 years.
- ProfitabilityAverage
ROCE 19.7% vs peer median 22.1%.
- Balance sheetStretched
Debt 2.73× equity, interest covered 2.3×.
- Red flags2 to check
Debt is 2.73× equity.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹4,593 Cr
- Small cap
- P/E
- 24.0
- Industry 18.4
- Price to book
- 2.86
- Peers 4.53
- Dividend yield
- 0.00%
- ROE
- 14.0%
- Peers 18.9%
- ROCE
- 19.7%
- Peers 22.1%
- Debt to equity
- 2.73
- Debt ₹4,363 Cr
- EPS (TTM)
- ₹29.10
- Face value ₹10
- OPM (TTM)
- 93.3%
- Net margin 38.3%
- Sales growth
- +115.4%
- Latest quarter vs a year ago
- Profit growth
- +105.4%
- Latest quarter vs a year ago
- Price to sales
- 9.40
- EV/EBITDA 19.5
Strengths and risks
Strengths
- Quarterly profit up 105.4% on a year ago.
- Quarterly sales up 115.4% on a year ago.
- Net margin of 38.3%.
- Promoter stake up from 53.0% to 57.0%.
Risks to check
- Debt is 2.73× equity.
- Interest coverage of only 2.3×.
About SG Finserve
SG Finserve Limited operates as a non-banking financial company in India. It offers dealer financing, retailer financing, logistics and transporter financing, and tailor-made term lending solutions, as well as vendor supplier financing for corporates. The company was formerly known as Moongipa Securities Limited. SG Finserve Limited was incorporated in 1994 and is based in Ghaziabad, India.
- Headquarters
- Ghaziabad
- Employees
- 76
- Sector
- Financial Services
- ISIN
- INE618R01015
- Website
- sgfinserve.com
Price range
- Avg volume (3M)
- 4 L
- 1-year return
- plus 84.2%
- From 52-week high
- minus 6.3%
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% |
| SGFINSG Finserve | 696.95 | minus 0.67% | 4,593 | 24.0 | 2.86 | – | 14.0% | 93.3% | – | – | 0.00% | plus 84.2% |
| 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 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 67.2 | 86.3 | 105 | 135 | 160 | |
| 8.7 | 5.5 | 6.1 | 10.3 | 10.9 | |
| 58.6 | 80.8 | 99.3 | 125 | 149 | |
| 87.1% | 93.6% | 94.2% | 92.4% | 93.2% | |
| 0 | 0 | 0.2 | 0 | 0 | |
| 24.8 | 36.4 | 42.9 | 54.1 | 68.2 | |
| 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
| 0.2 | −1.2 | −0.3 | 0.6 | −1.8 | |
| 33.9 | 43 | 56.2 | 71.6 | 79.1 | |
| 27.6% | 24.6% | 24.8% | 25.0% | 26.0% | |
| 24.5 | 32.5 | 42.3 | 53.7 | 58.5 | |
| 3.67 | 4.90 | 7.42 | 8.05 | 8.75 |
Profit & loss
- Sales CAGR 3Y
- +102.3%
- Profit CAGR 3Y
- +90.7%
- EPS CAGR 3Y
- +64.3%
- ROE
- 14.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 39.9 | 186 | 167 | 330 | |
| – | +365.7% | minus 10.3% | +98.1% | |
| 3.8 | 17.5 | 19.9 | 24.5 | |
| 36.1 | 168 | 147 | 306 | |
| 90.5% | 90.6% | 88.0% | 92.6% | |
| 1.8 | 1.2 | −0 | 0.8 | |
| 8.2 | 61.4 | 28.5 | 132 | |
| 0 | 0.2 | 0.5 | 0.7 | |
| −4.7 | −2.8 | −7.6 | −1.8 | |
| 25 | 105 | 110 | 172 | |
| 26.4% | 25.2% | 26.5% | 25.6% | |
| 18.4 | 78.6 | 81 | 128 | |
| – | +326.9% | +3.1% | +57.6% | |
| 5.05 | 15.31 | 13.45 | 22.41 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 41.3 | 55 | 55.9 | 65.3 | |
| 532 | 751 | 959 | 1,395 | |
| 493 | 957 | 1,387 | 2,704 | |
| 13.2 | 16.3 | 5.2 | 9 | |
| 1,079 | 1,779 | 2,407 | 4,173 | |
| 0.2 | 0.6 | 0.7 | 0.7 | |
| 0.9 | – | – | – | |
| – | – | 80.3 | 0.2 | |
| 91.4 | 77.1 | 30.2 | 153 | |
| 987 | 1,702 | 2,296 | 4,020 | |
| 1,079 | 1,779 | 2,407 | 4,173 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −941 | −629 | −492 | −1,571 | |
| 2 | −4.4 | −56 | 61.3 | |
| 1,030 | 616 | 554 | 1,632 | |
| 91.3 | −17.6 | 6.5 | 121 | |
| −1.1 | −1 | −0.8 | −1 | |
| −942 | −630 | −492 | −1,573 |
Shareholding pattern
- Promoters56.95%
- Public43.05%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 56.95% | 43.05% | 0.00 | |
| 30 Jun 2026 | 56.95% | 43.05% | plus 4.04 | |
| 8 Apr 2026 | 52.91% | 47.09% | minus 0.01 | |
| 31 Mar 2026 | 52.92% | 47.08% | minus 0.04 | |
| 27 Mar 2026 | 52.96% | 47.04% | – |
Major shareholders
Filings & events
News
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