HYBRIDFIN
Hybrid Financial Services financials
- Market cap
- ₹50 Cr
- Sector
- Financial Services
What Hybrid Financial Services Limited does
Hybrid Financial Services Limited is a company incorporated in 1986 whose direct operations are largely limited to legacy financial-restructuring matters and support for its wholly-owned subsidiary, Maximus Securities Limited, a stock broker. It earns income mainly from rent, tax refunds and small non-NBFC fee-based activities rather than from active lending or broking on its own books. The company is amending its Memorandum of Association to formally take up stock broking, share/finance broking and depository-participant activities once the NCLT-approved merger of Maximus Securities Limited into the company is completed.
Segments
- Stock broking
- Rental income
- Non-NBFC fee-based activities
- Permanent employees on rolls
- 3 (2 Whole Time Directors + 1 CFO on deputation from a group company), FY25
- Wholly-owned subsidiary
- 1 — Maximus Securities Limited (stock broker), under NCLT-approved merger into the company
- Core business activities
- Stock broking & depository-participant services (via subsidiary), rental income, non-NBFC fee-based activities
- Stock exchange listing
- BSE; shares dematerialized via NSDL and CDSL since October 2000
Quarterly results
Q1 FY27: revenue down 27.7%, net profit down 21.6% 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 | 2 | 1 | 2 +1% | 1 −4% | 1 −41% | 1 −28% |
| EBITDA | 1 | 1 | 1 | 1 | 1 −6% | 0 −8% | -1 −151% | 0 −76% |
| Net profit | 1 | 0 | 1 | 1 | 1 −2% | 0 +38% | 0 −59% | 1 −22% |
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 +9.3% 1Y
1Y: ₹15.19 on 10 Sept 2025 → ₹16.61. High ₹33.62 (23 Oct 2025), low ₹14.35 (22 Sept 2025).
Financials, as filed
Revenue grew 5.4% a year over 2 years, FY24 to FY26. Operating margin narrowed to 30.3%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹5 Cr | ₹6 Cr | ₹6 Cr |
| Operating profit | ₹2 Cr | ₹3 Cr | ₹2 Cr |
| Operating margin | 43.7% | 53.0% | 30.3% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹2 Cr | ₹4 Cr | ₹3 Cr |
| Net margin | 38.0% | 59.8% | 47.8% |
| Cash from operations | ₹1 Cr | ₹-4 Cr | ₹1 Cr |
| Free cash flow | ₹1 Cr | ₹-4 Cr | ₹1 Cr |
| ROCE | 7.9% | 11.2% | 6.3% |
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 | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr |
| Reserves | ₹10 Cr | ₹9 Cr | ₹8 Cr | ₹15 Cr | ₹29 Cr | ₹29 Cr |
| Borrowings | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr |
| Other liabilities | ₹14 Cr | ₹13 Cr | ₹13 Cr | ₹16 Cr | ₹10 Cr | ₹9 Cr |
| Total liabilities | ₹40 Cr | ₹40 Cr | ₹38 Cr | ₹48 Cr | ₹54 Cr | ₹54 Cr |
| Fixed assets | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹21 Cr | ₹19 Cr | ₹17 Cr | ₹23 Cr | ₹27 Cr | ₹27 Cr |
| Other assets | ₹19 Cr | ₹18 Cr | ₹19 Cr | ₹24 Cr | ₹26 Cr | ₹26 Cr |
| Total assets | ₹40 Cr | ₹40 Cr | ₹38 Cr | ₹48 Cr | ₹54 Cr | ₹54 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 trimmed −0.33 pp while the public added +0.32 pp.
- Promoters
- 64.0%
- DIIs
- 0.4%
- Public
- 35.6%
Since Jun 2025
- DIIs −0.33 pp
- Public +0.32 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 64.0%, DIIs 0.9%, Public 35.1%.Dec '23: Promoters 64.0%, DIIs 0.9%, Public 35.1%.Mar '24: Promoters 64.0%, DIIs 0.9%, Public 35.1%.Jun '24: Promoters 64.0%, DIIs 0.9%, Public 35.1%.Sep '24: Promoters 64.0%, DIIs 0.7%, Public 35.3%.Dec '24: Promoters 64.0%, DIIs 0.7%, Public 35.3%.Mar '25: Promoters 64.0%, DIIs 0.7%, Public 35.3%.Jun '25: Promoters 64.0%, DIIs 0.7%, Public 35.3%.Sep '25: Promoters 64.0%, DIIs 0.7%, Public 35.3%.Dec '25: Promoters 64.0%, DIIs 0.7%, Public 35.3%.Mar '26: Promoters 64.0%, DIIs 0.6%, Public 35.4%.Jun '26: Promoters 64.0%, DIIs 0.4%, Public 35.6%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Hybrid Financial Services Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Mr.Nandakishore R.Divate | 31.88% | unchanged |
| Mr. K. Chandramouli | 31.86% | unchanged |
| Hybrid Services And Trading Limited | 0.25% | unchanged |
| Mrs. Revathi Chandru | 0.02% | unchanged |
| Mrs. Vinitha Nandakishore Divate | 0.01% | unchanged |
| Mr.Sunil Raghunath Divate | 0.00% | unchanged |
| Mrs.Smita Anil Divate | 0.00% | 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 Hybrid Financial Services Limited
Guides on how to read this kind of business and the numbers that matter.