As of 6 Nov 2026, Upsurge Investment & Finance trades at 10.5× trailing earnings, below the industry P/E of 18.4×, and the shares are 37% below their 52-week high. Sales and net profit grew 24% and 86% a year over 3 years; its ROCE of 5.1% is the lowest among the 7 largest Capital Markets peers. It carries very little debt, and its dividend yield is 0.9%. It is a small-cap company with a market cap of ₹121 Cr, ranked 75th of 219 Capital Markets companies by market cap; the shares fell 40% over the past year.
- ₹55.01
- ₹55.90
- ₹54.03
- ₹54.02
- 2.4K
Health check
- ReturnsBehind
−39.6% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 10.5 vs industry 18.4.
- GrowthSteady
Sales +23.6%, profit +85.8% a year over 3 years.
- ProfitabilityWeak
ROCE 5.1% vs peer median 22.1%.
- Balance sheetStretched
Practically debt-free, Piotroski 2 of 9.
- Red flags3 to check
Return on equity is low at 2.9%.
Small cap
Defensive
Key metrics
- Market cap
- ₹121 Cr
- Small cap
- P/E
- 10.5
- Industry 18.4
- Price to book
- 1.03
- Peers 4.53
- Dividend yield
- 0.91%
- ROE
- 2.9%
- Peers 18.9%
- ROCE
- 5.1%
- Peers 22.1%
- Debt to equity
- 0.04
- Debt ₹4.61 Cr
- EPS (TTM)
- ₹5.25
- OPM (TTM)
- 29.5%
- Net margin 17.7%
- Sales growth
- +40.8%
- Latest quarter vs a year ago
- Profit growth
- +109.2%
- Latest quarter vs a year ago
- Price to sales
- 1.84
- EV/EBITDA 8.0
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 109.2% on a year ago.
- Quarterly sales up 40.8% on a year ago.
- P/E of 10.5 against an industry P/E of 18.4.
Risks to check
- Return on equity is low at 2.9%.
- 37% below its 52-week high.
- Interest coverage of only 2.3×.
About Upsurge Investment & Finance
Upsurge Investment & Finance Limited operates as a non-banking finance company that provides financial services in India. The company offers loan against property and securities; structured credit; distress funding, bridge finance, and real estate services; and proprietary and strategic investments services, as well as financial advisory, structured financing, capital-raising advisory, and other allied financial services. It serves individuals, promoters…
- Headquarters
- Mumbai
- Employees
- 5
- Sector
- Financial Services
- ISIN
- INE890B01014
- Website
- upsurgeinvestment.com
Price range
- Avg volume (3M)
- 27.8K
- 1-year return
- minus 39.6%
- From 52-week high
- minus 36.9%
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% |
| UPSURGEUpsurge Investment & Finance | 55.05 | plus 1.91% | 121 | 10.5 | 1.03 | 5.1% | 2.9% | 29.5% | 23.6% | 85.8% | 0.91% | minus 39.6% |
| 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 |
|---|---|---|---|---|---|
| 14.1 | 19.2 | 7.7 | 6 | 19.9 | |
| 4.8 | 18 | 6.1 | 13.8 | −0.7 | |
| 9.3 | 1.2 | 1.6 | −7.8 | 20.6 | |
| 65.7% | 6.1% | 20.7% | −129.0% | 103.7% | |
| 1.7 | 0 | 0 | 0 | 0 | |
| 0.1 | 0.2 | 0.4 | 0.2 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 10.9 | 0.9 | 1.2 | −8 | 20.6 | |
| 29.6% | – | 27.4% | 22.1% | 21.9% | |
| 7.7 | 0.9 | 0.8 | −6.2 | 16.1 | |
| 3.29 | 0.40 | 0.36 | -2.84 | 7.33 |
Profit & loss
- Sales CAGR 3Y
- +23.6%
- Profit CAGR 3Y
- +85.8%
- EPS CAGR 3Y
- +64.5%
- ROE
- 2.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 31.6 | 53.8 | 105 | 59.7 | |
| – | +70.2% | +95.7% | minus 43.3% | |
| 31.4 | 41.2 | 86.8 | 57.5 | |
| 0.2 | 12.6 | 18.4 | 2.2 | |
| 0.6% | 23.4% | 17.5% | 3.7% | |
| 0.9 | 0.8 | 1.5 | 2.1 | |
| 0.2 | 0.1 | 0.6 | 1 | |
| 0 | 0 | 0 | 0 | |
| – | – | 0.4 | 1.7 | |
| 0.9 | 13.2 | 19.7 | 5 | |
| 42.3% | 14.5% | 19.2% | 35.5% | |
| 0.5 | 11.3 | 16 | 3.2 | |
| – | +2139.4% | +41.6% | minus 79.8% | |
| 0.33 | 7.43 | 7.45 | 1.47 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15.2 | 15.2 | 20.1 | 21.9 | |
| 22 | 32.5 | 84.8 | 95.3 | |
| 2.3 | 3.2 | 0.2 | 4.6 | |
| 2.4 | 1.5 | 2.3 | 1.1 | |
| 41.9 | 52.4 | 107 | 123 | |
| 0.2 | 6.7 | 5.3 | 13.4 | |
| – | 6.5 | 5.1 | 13.2 | |
| 12.1 | 13.6 | 32.5 | 30.6 | |
| 2.7 | 1.1 | 0 | 5.8 | |
| 26.8 | 24.6 | 64.4 | 59.8 | |
| 41.9 | 52.4 | 107 | 123 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.8 | −2.2 | −27.3 | −14.8 | |
| −8.8 | 1.3 | −14.9 | 11.5 | |
| −0.8 | −0.8 | 41.2 | 9.1 | |
| 0.2 | −1.6 | −1.1 | 5.8 | |
| – | −6.5 | −0 | −13.2 | |
| 9.8 | −8.7 | −27.3 | −28.1 | |
| −0.8 | −0.8 | −0.8 | −1 |
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
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