500069
Quest Capital financials
- Market cap
- ₹250 Cr
- Sector
- Financial Services
What Quest Capital does
Quest Capital Markets Limited (formerly BNK Capital Markets Limited) is a Non-Banking Financial Company registered with the Reserve Bank of India, engaged in extending loans and making investments in the ordinary course of its NBFC business. It is classified as a Middle Layer entity under RBI's Master Directions (Scale Based Regulation), 2023, and does not accept public deposits. The company is affiliated with the RP-Sanjiv Goenka Group, routing its corporate social responsibility spending through the RP-Sanjiv Goenka Group CSR Trust, and has no subsidiaries, associates, or joint ventures as on 31 March 2025.
- RBI regulatory classification
- Middle Layer NBFC (Scale Based Regulation, 2023)
- Deposit-taking status
- Non-deposit-taking (no public deposits accepted, FY25)
- Subsidiaries/Associates/JVs
- None (as on 31 Mar 2025)
- Corporate group affiliation
- RP-Sanjiv Goenka Group (CSR routed via RPSG Group CSR Trust)
Quarterly results
Q1 FY27: revenue down 47.0%, net profit down 52.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 1 | 22 | 2 | 1 −25% | 27 +3934% | 1 −96% | 1 −47% |
| EBITDA | 1 | 1 | 22 | 2 | 1 −28% | 27 +4607% | 1 −97% | 1 −51% |
| Net profit | 1 | 0 | 17 | 2 | 1 −28% | 21 +6800% | 1 −97% | 1 −53% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −28.0% 1Y
1Y: ₹347.45 on 10 Sept 2025 → ₹250. High ₹350 (12 Sept 2025), low ₹224.6 (30 Mar 2026).
Financials, as filed
Revenue fell 0.9% a year over 3 years, FY23 to FY26. Operating margin widened to 97.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹32 Cr | ₹26 Cr | ₹26 Cr | ₹31 Cr |
| Operating profit | ₹24 Cr | ₹26 Cr | ₹25 Cr | ₹31 Cr |
| Operating margin | 74.4% | 97.9% | 97.6% | 97.7% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹19 Cr | ₹20 Cr | ₹20 Cr | ₹24 Cr |
| Net margin | 59.9% | 76.2% | 76.0% | 75.1% |
| Cash from operations | ₹15 Cr | ₹19 Cr | ₹38 Cr | ₹-7 Cr |
| Free cash flow | ₹15 Cr | ₹19 Cr | ₹38 Cr | ₹-7 Cr |
| ROCE | 3.0% | 3.0% | 2.0% | 3.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr |
| Reserves | ₹473 Cr | ₹807 Cr | ₹664 Cr | ₹976 Cr | ₹1.3k Cr | ₹1.0k Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹11 Cr | ₹41 Cr | ₹25 Cr | ₹49 Cr | ₹110 Cr | ₹68 Cr |
| Total liabilities | ₹494 Cr | ₹858 Cr | ₹698 Cr | ₹1.0k Cr | ₹1.4k Cr | ₹1.1k Cr |
| Fixed assets | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹413 Cr | ₹755 Cr | ₹630 Cr | ₹963 Cr | ₹1.4k Cr | ₹1.1k Cr |
| Other assets | ₹80 Cr | ₹103 Cr | ₹68 Cr | ₹73 Cr | ₹4 Cr | ₹7 Cr |
| Total assets | ₹494 Cr | ₹858 Cr | ₹698 Cr | ₹1.0k Cr | ₹1.4k Cr | ₹1.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 3% to 2,873.
- Promoters
- 75.0%
- FIIs
- 5.5%
- Public
- 19.5%
Since Jun 2025
- Public −0.02 pp
- Promoters 0.00 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Over this window the public fell from 21.8% to 19.5% — −2.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 3.2%, Public 21.8%.Dec '23: Promoters 75.0%, FIIs 3.2%, Public 21.8%.Mar '24: Promoters 75.0%, FIIs 3.2%, Public 21.8%.Jun '24: Promoters 75.0%, FIIs 3.2%, Public 21.8%.Sep '24: Promoters 75.0%, FIIs 2.9%, Public 22.1%.Dec '24: Promoters 75.0%, FIIs 2.9%, Public 22.1%.Mar '25: Promoters 75.0%, FIIs 2.9%, Public 22.1%.Jun '25: Promoters 75.0%, FIIs 5.5%, Public 19.5%.Sep '25: Promoters 75.0%, FIIs 5.5%, Public 19.5%.Dec '25: Promoters 75.0%, FIIs 5.5%, Public 19.5%.Mar '26: Promoters 75.0%, FIIs 5.5%, Public 19.5%.Jun '26: Promoters 75.0%, FIIs 5.5%, Public 19.5%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Rainbow Investments Limited newly disclosed 0.00% held
- RPSG Investments Pte. Ltd. newly disclosed 0.00% held
- RPSG Resources Private Limited newly disclosed 0.00% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Quest Capital above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Lebnitze Real Estates Private Limited | 71.25% | unchanged |
| Spotboy Tracom Private Limited | 3.75% | unchanged |
| Dovetail India Fund Class 5 Shares FPI fund | 2.91% | unchanged |
| Jayshree Nirman Ltd | 2.35% | unchanged |
| Silver Stride India Global Fund FPI fund | 1.48% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.32% | −0.05 pp |
| Coeus Global Opportunities Fund FPI fund | 1.10% | unchanged |
| Rainbow Investments Limited | 0.00% | newly disclosed |
| RPSG Investments Pte. Ltd. | 0.00% | newly disclosed |
| RPSG Resources Private Limited | 0.00% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Quest Capital
Guides on how to read this kind of business and the numbers that matter.