CSLFINANCE

CSL Finance financials

Market cap
₹503 Cr
Sector
Financial Services
Calls analysed
3
Latest concall · Q4 FY26 · call held 02 Jun 2026

CSL Finance Q4 FY26

PAT ₹19.4 cr +2%ROE 14.81% AUM ₹1,448 cr +21%

What went well

  • AUM grew 21% YoY to Rs. 1,448 crore in Q4 FY26 from Rs. 1,195 crore.
  • Loan book grew 21% YoY to Rs. 1,395 crore in FY26.
  • Full year PAT grew 19% over previous financial year to Rs. 86 crore.

What to watch

  • SME retail performance was "underwhelming" and "fell short of growth ambitions" in FY26.
  • Total disbursements during Q4 declined 16% sequentially to Rs. 301 crores.
Read the full call →

What CSL Finance does

CSL Finance is a Non-Banking Finance Company registered with the RBI and listed on the NSE and BSE, providing secured loan products to small and medium-sized enterprises and to real-estate and non-real-estate corporates. Its SME Retail vertical lends against property to self-employed individuals, schools and salaried borrowers (LAP-SENP, LAP-SCHOOL, LAP-SALARIED) and offers mid-sized loans against property for business expansion or working capital. Its Wholesale vertical is a niche, NCR-centric real-estate lending book comprising structured loans for mid-income/affordable group housing projects, construction loans against single plotted projects, and loans against SORP/SOCP properties and securities/deposits. The entire loan book is fully secured, with in-house sourcing and collections and a digital, low-touch onboarding process.

Segments

  • SME Retail
  • SME Mid-Sized LAP
  • Wholesale - Large
  • Wholesale - Small
  • Wholesale - Other Term Loan
Branch network
44 branches across 7 states/UTs
Team strength
469
Active lending partner relationships
36
Active SME retail loan accounts
3,223
Active wholesale loan accounts
113
Active mid-sized LAP loan accounts
50
Founded 1992Headquarters New Delhi, IndiaEmployees 469 (Q4 FY26) Company website

Guidance record · Q4 FY26

what the last two calls moved 11 tracked 1 delivered 4 missed 6 open
  • AUM Growth delivered said Q4 FY25 Promised: 20-25% bare minimum growth which we should be targeting Q4 FY26: AUM grew 21% YoY for FY26, meeting the lower end of the guided range.
  • SME Retail Growth missed said Q4 FY25 Promised: 30-40% year on year growth Q4 FY26: Management stated SME has 'not grown in last 12-15 months' and performance 'fell short of growth ambitions', indicating the YoY growth target for FY26 was not met.
  • SME Retail AUM Mix at risk said Q4 FY25 Promised: 50 to 60% in next 18 to 24 months Q4 FY26: SME retail mix declined to 31% of AUM. Management acknowledged 'underwhelming' performance and significant headwinds.

All 11 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 18.6%, net profit up 4.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue54 53 57 59 64 +19%64 +21%69 +21%70 +19%
Net profit18 17 19 21 24 +33%21 +24%19 +0%22 +5%
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 −25.5% 1Y

₹250₹300Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 14 Nov 2025Q4 FY26 — 2 Jun 2026

1Y: ₹296.55 on 10 Sept 2025 → ₹220.98. High ₹321.7 (22 Dec 2025), low ₹211 (29 Jul 2026).

How the price took the results

close before → close after

Q4 FY26
−0.6%
2 Jun
Q2 FY26
+11.5%
14 Nov

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 29.8% a year over 3 years, FY23 to FY26.

Year endingFY23FY24FY25FY26
Revenue₹117 Cr₹165 Cr₹215 Cr₹256 Cr
Interest₹26 Cr₹42 Cr₹65 Cr₹84 Cr
Depreciation₹0 Cr₹0 Cr₹0 Cr₹3 Cr
Net profit₹46 Cr₹64 Cr₹72 Cr₹85 Cr
Net margin39.3%38.8%33.5%33.2%
Cash from operations₹-166 Cr₹-128 Cr₹-102 Cr₹-57 Cr
Free cash flow₹-169 Cr₹-129 Cr₹-104 Cr₹-58 Cr
ROE13.0%15.0%14.0%15.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹6 Cr₹20 Cr₹20 Cr₹22 Cr₹22 Cr₹22 Cr
Reserves₹253 Cr₹301 Cr₹342 Cr₹452 Cr₹558 Cr₹599 Cr
Borrowings₹84 Cr₹206 Cr₹410 Cr₹505 Cr—₹856 Cr
Other liabilities₹4 Cr₹5 Cr₹6 Cr₹6 Cr₹13 Cr₹10 Cr
Total liabilities₹348 Cr₹532 Cr₹779 Cr₹985 Cr₹1.4k Cr₹1.5k Cr
Fixed assets₹3 Cr₹6 Cr₹8 Cr₹8 Cr₹9 Cr₹8 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₹0 Cr₹0 Cr
Other assets₹345 Cr₹526 Cr₹771 Cr₹978 Cr₹1.4k Cr₹1.5k Cr
Total assets₹348 Cr₹532 Cr₹779 Cr₹985 Cr₹1.4k Cr₹1.5k 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, DIIs added +2.63 pp while the public trimmed −2.56 pp. The shareholder count shrank 6% to 8,342.

Promoters
48.2%
FIIs
0.1%
DIIs
3.5%
Public
46.9%
Others
1.3%

Since Jun 2025

  • DIIs +2.63 pp
  • Public −2.56 pp
  • FIIs −0.69 pp

How it drifted, 12 quarters

Over this window the public fell from 49.4% to 46.9% — −2.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 47.7%, FIIs 0.0%, DIIs 1.2%, Public 49.4%, Others 1.6%.Dec '23: Promoters 47.7%, FIIs 1.5%, DIIs 1.2%, Public 48.0%, Others 1.5%.Mar '24: Promoters 47.7%, FIIs 2.2%, DIIs 1.2%, Public 47.3%, Others 1.5%.Jun '24: Promoters 47.4%, FIIs 2.5%, DIIs 1.2%, Public 47.4%, Others 1.4%.Sep '24: Promoters 47.4%, FIIs 2.5%, DIIs 1.2%, Public 47.4%, Others 1.4%.Dec '24: Promoters 47.5%, FIIs 2.5%, DIIs 0.1%, Public 48.5%, Others 1.4%.Mar '25: Promoters 47.6%, FIIs 0.8%, DIIs 0.6%, Public 49.6%, Others 1.4%.Jun '25: Promoters 47.6%, FIIs 0.8%, DIIs 0.9%, Public 49.5%, Others 1.3%.Sep '25: Promoters 47.6%, FIIs 0.8%, DIIs 1.0%, Public 49.4%, Others 1.3%.Dec '25: Promoters 47.6%, FIIs 0.6%, DIIs 1.3%, Public 49.2%, Others 1.3%.Mar '26: Promoters 47.7%, FIIs 0.2%, DIIs 2.9%, Public 48.0%, Others 1.3%.Jun '26: Promoters 48.2%, FIIs 0.1%, DIIs 3.5%, Public 46.9%, Others 1.3%.

Who was buying across the market this quarter →

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.

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 CSL Finance above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Csl Capital Private Limited 29.78%+0.50 pp
Rohit Gupta 16.57%unchanged
Aadi Financial Advisors Llp 3.38%unchanged
Geecee Holdings Llp 3.18%unchanged
Urudavan Investment And Trading Pvt Ltd 2.02%unchanged
Singularity Holdings Limited 1.91%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 1.85%unchanged
Rajasthan Global Securities Private Limited NBFC / DFI1.82%+0.50 pp
Dhiraj O Sachdev 1.46%unchanged
Sachet Singh 1.40%unchanged
Rohit Gupta Huf 1.24%unchanged
Ridhima Gupta 0.32%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 (3)

Read the Q4 FY26 call →

Learn to analyse CSL Finance

Guides on how to read this kind of business and the numbers that matter.