511754
Shalibhadra Fin. financials
- Market cap
- ₹254 Cr
- Sector
- Financial Services
What Shalibhadra Fin. does
Shalibhadra Finance Limited (SFL) is an RBI-registered non-banking finance company providing small-ticket asset financing to rural, semi-urban and under-banked customers, mainly for new and used two-wheelers, three-wheelers and four-wheelers, along with personal loans and loans against property. It operates only through its own fully-owned branches — it does not use a franchise or Direct Selling Agent (DSA) model — sourcing customers through local sub-dealers and community references within roughly a 70 km radius of each branch. The company targets middle-income rural borrowers, many engaged in agriculture and allied activities, using a decentralized credit process where branch managers give informal approval and a central credit team gives formal approval via its loan origination and management systems.
Segments
- New Two-Wheeler Loans
- Used Two-Wheeler Loans
- Used Three-Wheeler Loans
- Used Four-Wheeler Loans
- Personal Loans
- Property Loans (LAP)
- Branches (fully owned)
- 58
- Customers
- 107,875+
- Employees
- 190
- Dealer partner network
- 500+
- States of presence
- 4 (Gujarat, Maharashtra, Madhya Pradesh, Rajasthan)
- Districts covered
- 40+
Quarterly results
Q1 FY27: revenue up 15.7%, net profit up 7.4% 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 | 8 | 10 | 9 | 9 | 9 +15% | 11 +13% | 11 +16% | 11 +16% |
| EBITDA | 6 | 7 | 7 | 7 | 7 +16% | — | — | — |
| Net profit | 3 | 5 | 4 | 5 | 5 +38% | 5 +7% | 5 +16% | 5 +7% |
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 −36.5% 1Y
1Y: ₹129.1 on 10 Sept 2025 → ₹82. High ₹129.1 (10 Sept 2025), low ₹70 (18 Aug 2026).
Financials, as filed
Revenue grew 14.0% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹28 Cr | ₹33 Cr | ₹36 Cr | ₹41 Cr |
| Operating profit | ₹18 Cr | ₹23 Cr | ₹26 Cr | — |
| Operating margin | 66.8% | 69.2% | 71.2% | — |
| Interest | ₹7 Cr | ₹7 Cr | ₹5 Cr | ₹5 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹8 Cr | ₹12 Cr | ₹16 Cr | ₹19 Cr |
| Net margin | 30.3% | 36.5% | 43.8% | 47.5% |
| Cash from operations | ₹-5 Cr | ₹3 Cr | ₹-27 Cr | ₹-20 Cr |
| Free cash flow | ₹-5 Cr | ₹2 Cr | ₹-28 Cr | ₹-21 Cr |
| ROE | 12.0% | 14.0% | 13.0% | 12.0% |
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 | ₹5 Cr | ₹5 Cr | ₹6 Cr | ₹7 Cr | ₹31 Cr | ₹31 Cr |
| Reserves | ₹40 Cr | ₹53 Cr | ₹72 Cr | ₹90 Cr | ₹132 Cr | ₹141 Cr |
| Borrowings | ₹62 Cr | ₹57 Cr | ₹55 Cr | ₹58 Cr | ₹40 Cr | ₹56 Cr |
| Other liabilities | ₹4 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹4 Cr | ₹4 Cr |
| Total liabilities | ₹112 Cr | ₹117 Cr | ₹136 Cr | ₹158 Cr | ₹207 Cr | ₹232 Cr |
| Fixed assets | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹4 Cr | ₹4 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹9 Cr | ₹3 Cr |
| Other assets | ₹110 Cr | ₹115 Cr | ₹134 Cr | ₹156 Cr | ₹195 Cr | ₹225 Cr |
| Total assets | ₹112 Cr | ₹117 Cr | ₹136 Cr | ₹158 Cr | ₹207 Cr | ₹232 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
Since Jun 2025, FIIs trimmed −2.71 pp while promoters added +2.54 pp. The shareholder count shrank 8% to 4,329.
- Promoters
- 58.1%
- DIIs
- 1.3%
- Public
- 40.6%
Since Jun 2025
- FIIs −2.71 pp
- Promoters +2.54 pp
- DIIs +1.26 pp
How it drifted, 12 quarters
Over this window the public fell from 44.7% to 40.6% — −4.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 55.4%, Public 44.7%.Dec '23: Promoters 60.0%, Public 40.0%.Mar '24: Promoters 60.0%, Public 40.0%.Jun '24: Promoters 60.0%, Public 40.0%.Sep '24: Promoters 60.0%, FIIs 1.2%, Public 38.8%.Dec '24: Promoters 54.8%, FIIs 1.0%, Public 44.2%.Mar '25: Promoters 55.4%, FIIs 0.8%, Public 43.8%.Jun '25: Promoters 55.6%, FIIs 2.7%, Public 41.7%.Sep '25: Promoters 56.2%, FIIs 2.5%, Public 41.3%.Dec '25: Promoters 57.0%, FIIs 2.4%, Public 40.6%.Mar '26: Promoters 57.8%, FIIs 2.2%, Public 40.0%.Jun '26: Promoters 58.1%, DIIs 1.3%, Public 40.6%.
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.
- Dhyana Capital AIF newly disclosed 1.26% held
- Ayushi Minesh Doshi +0.33 pp 2.77% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Shalibhadra Fin. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sheetal Minesh Doshi | 18.03% | unchanged |
| Minesh M Doshi | 16.48% | unchanged |
| Vatsal Minesh Doshi | 8.15% | unchanged |
| Vijaykumar Chhotabhai Kalidas Patel | 3.35% | unchanged |
| Amidhara Agencies Private Limited | 3.23% | unchanged |
| Ramkrishna Climatisers Private Limited | 3.18% | unchanged |
| Ayushi Minesh Doshi | 2.77% | +0.33 pp |
| Shalibhadra Finance Limited- Unclaimed Securities Suspense Account | 2.71% | unchanged |
| Aryavardhan Trading LLP | 2.46% | −0.65 pp |
| Financial Analysts And Investment Rating Limited | 2.42% | unchanged |
| Amit Mukund Doshi | 2.21% | unchanged |
| Proxcel Management Agencies Llp | 2.00% | unchanged |
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 Shalibhadra Fin.
Guides on how to read this kind of business and the numbers that matter.