538446
Moneyboxx Fin. financials
- Market cap
- ₹255 Cr
- Sector
- Financial Services
- Calls analysed
- 6
Moneyboxx Fin. Q4 FY26
What went well
- Overall collection efficiency improved to 93.5% (Page 4).
- Gross NPA reduced to 3.59% from 6.61% last year, and Net NPA to 1.75% from 3.42% last year (Page 5).
- Secured loans now constitute 68% of AUM, a significant increase from 45% last year (Page 4).
What to watch
- AUM growth was moderate at 6% (likely QoQ), with a decline versus last year due to an ARC transaction (Page 5).
- Profit after tax for FY26 was marginal at INR1.34 crores (Page 5).
What Moneyboxx Fin. does
Moneyboxx Finance is a Base-Layer NBFC that lends directly to micro and small enterprises in rural and semi-urban India, bypassing intermediaries with a 100% direct-sales, branch-led model. It offers secured and unsecured 'Vyapaar' business loans, underwrites livestock/cattle-owning borrowers using a proprietary AI model (Cattle AI), and in FY26 launched renewable-energy loans to finance MSME solar installations. Loans are sourced and serviced in-house through a proprietary loan-origination platform (Moneyboxx One) and a mobile collections app (MBCollect), funded by a base of bank, NBFC and development-institution lenders.
Segments
- Secured Business Loans (Moneyboxx Vyapaar Loans)
- Unsecured Business Loans (Moneyboxx Vyapaar Loans)
- Renewable Energy Loans
- Branch network
- 156 branches across 12 states (Mar'26)
- Live loan accounts
- ~50,000 (Mar'26)
- Employees
- 1,830 (Mar'26)
- Cumulative disbursements since inception
- ₹2,240+ crore (Mar'26)
- Secured loan book share
- 68% of AUM, up from 45% a year earlier (Mar'26)
- Active lending partners
- 32 lenders (banks/NBFCs/DFIs) (Mar'26)
Guidance record · Q4 FY26
what the last two calls moved 17 tracked 2 delivered 5 missed 10 open- Secured AUM as % of AUM delivered said Q4 FY25 Promised: approximately 65% secured AUM by March 26 Q4 FY26: Achieved 68% secured AUM by March 2026, exceeding the original target of ~65%.
- AUM Growth missed said Q4 FY25 Promised: over 50% growth in AUM for the current year (FY26) Q4 FY26: FY26 ended with AUM at 893cr, a decline from 927cr at the end of FY25, severely missing the >50% growth target.
- AUM revised down said Q3 FY26 Promised: For next year (FY27), the plan is to at least reach at least cross INR1,500 crores. Q4 FY26: New guidance for FY27 is 43-44% AUM growth, implying a target of ~1286cr, a significant downward revision from the 1500cr target set last quarter.
All 17 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 11.9%, net profit down 12.5% 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 | 49 | 52 | 52 | 59 | 55 +11% | 55 +6% | 63 +21% | 52 −12% |
| EBITDA | 19 | 18 | 15 | 23 | 24 +21% | — | — | — |
| Net profit | 2 | 0 | -5 | 0 | 0 −86% | 0 +75% | 0 +109% | 0 −12% |
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 −70.8% 1Y
1Y: ₹140 on 10 Sept 2025 → ₹40.88. High ₹177.55 (7 Oct 2025), low ₹37 (10 Sept 2026).
How the price took the results
close before → close after
- Q4 FY26
- +5.7%
- 29 May
- Q3 FY26
- +0.2%
- 13 Feb
- Q2 FY26
- −5.6%
- 31 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 66.3% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹50 Cr | ₹128 Cr | ₹199 Cr | ₹232 Cr |
| Operating profit | ₹13 Cr | ₹56 Cr | ₹74 Cr | — |
| Operating margin | 26.6% | 44.2% | 37.0% | — |
| Interest | ₹22 Cr | ₹43 Cr | ₹63 Cr | ₹84 Cr |
| Depreciation | ₹2 Cr | ₹3 Cr | ₹8 Cr | ₹10 Cr |
| Net profit | ₹-7 Cr | ₹9 Cr | ₹1 Cr | ₹1 Cr |
| Net margin | -13.5% | 7.2% | 0.6% | 0.6% |
| Cash from operations | ₹-124 Cr | ₹-224 Cr | ₹-225 Cr | ₹-32 Cr |
| Free cash flow | ₹-129 Cr | ₹-228 Cr | ₹-234 Cr | ₹-50 Cr |
| ROE | -12.0% | 7.0% | 1.0% | 0.0% |
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 | ₹20 Cr | ₹22 Cr | ₹25 Cr | ₹30 Cr | ₹33 Cr | ₹70 Cr |
| Reserves | ₹4 Cr | ₹13 Cr | ₹51 Cr | ₹138 Cr | ₹229 Cr | ₹226 Cr |
| Borrowings | ₹46 Cr | ₹99 Cr | ₹241 Cr | ₹452 Cr | ₹639 Cr | ₹675 Cr |
| Other liabilities | ₹3 Cr | ₹6 Cr | ₹14 Cr | ₹48 Cr | ₹29 Cr | ₹24 Cr |
| Total liabilities | ₹73 Cr | ₹140 Cr | ₹331 Cr | ₹669 Cr | ₹930 Cr | ₹995 Cr |
| Fixed assets | ₹2 Cr | ₹3 Cr | ₹7 Cr | ₹20 Cr | ₹30 Cr | ₹39 Cr |
| Capital work in progress | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹11 Cr | ₹36 Cr | ₹40 Cr |
| Other assets | ₹69 Cr | ₹135 Cr | ₹319 Cr | ₹639 Cr | ₹864 Cr | ₹916 Cr |
| Total assets | ₹73 Cr | ₹140 Cr | ₹331 Cr | ₹669 Cr | ₹930 Cr | ₹995 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, promoters added +2.21 pp while DIIs trimmed −1.29 pp. The shareholder count grew 11% to 4,500.
- Promoters
- 46.8%
- Public
- 53.2%
Since Jun 2025
- Promoters +2.21 pp
- DIIs −1.29 pp
- Public −0.91 pp
How it drifted, 12 quarters
Over this window the public went from 44.9% to 53.2% — +8.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 55.1%, Public 44.9%.Dec '23: Promoters 46.9%, DIIs 0.8%, Public 52.3%.Mar '24: Promoters 47.8%, DIIs 0.8%, Public 51.3%.Jun '24: Promoters 47.7%, DIIs 0.8%, Public 51.4%.Sep '24: Promoters 44.7%, DIIs 1.2%, Public 54.1%.Dec '24: Promoters 44.7%, DIIs 1.2%, Public 54.1%.Mar '25: Promoters 44.7%, DIIs 1.3%, Public 54.0%.Jun '25: Promoters 44.6%, DIIs 1.3%, Public 54.1%.Sep '25: Promoters 44.6%, DIIs 1.2%, Public 54.2%.Dec '25: Promoters 44.6%, DIIs 0.3%, Public 55.1%.Mar '26: Promoters 46.8%, FIIs 0.0%, Public 53.2%.Jun '26: Promoters 46.8%, Public 53.2%.
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.
- Rajiv Goel +0.29 pp 2.18% held
The same filing shows 0 holders 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 Moneyboxx Fin. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Moneyboxx Capital Private Limited | 38.41% | unchanged |
| Deepak Aggarwal | 3.72% | unchanged |
| Mayur Modi | 3.72% | unchanged |
| Alpna Gupta | 2.28% | unchanged |
| Rajiv Goel | 2.18% | +0.29 pp |
| Rajiv Goel And Sons Huf | 1.94% | unchanged |
| Ruchika Garg | 1.33% | unchanged |
| Surinder Garg | 1.10% | unchanged |
| Swadesh Gupta | 1.09% | unchanged |
| Preeti Gupta | 1.08% | unchanged |
| Manish Prakash | 1.03% | unchanged |
| Priyanka Gupta | 0.72% | 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.
All earnings calls (6)
Read the Q4 FY26 call →Learn to analyse Moneyboxx Fin.
Guides on how to read this kind of business and the numbers that matter.