Jaipur-based NBFC lending secured MSME, vehicle and mortgage loans to underbanked semi-urban and rural borrowers across six states via a branch-led model.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 94.0 | +34.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 17.0 | +70.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 15.77 | −1.8 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | Fiscal year | FY ending Mar 2026 | Not in the analysed materials. No older figure is substituted. | ||
| Revenue growth (YoY) | 29.55 | −13.3 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
5 of 8 judged targets kept · 7 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| NPA Reduction | get our NPAs on a below 1% in future | Q1 FY26 | Net NPA reduced to 0.93%, meeting the '<1% NPA' target for the first time. Gross NPA remains higher at 2.08%. | Achieved |
| AUM Compound Growth | expect a compound growth of AUM at around 30% to 35% annually over the medium terms. | Q4 FY26 | Reiterated guidance. Achieved 28% YoY growth, slightly below the 30-35% annual target range but still strong. | On Track |
| AUM Growth | 35% to 40% growth we are assuming for this financial year | Q1 FY26 | Achieved 27% YoY growth for FY26, below the revised 30% guidance. | Missed |
3 of Laxmi India Finance Limited's 15 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 12 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹150.97 on 24 Oct 2025 → ₹95.34. High ₹157.55 (28 Oct 2025), low ₹71.65 (30 Mar 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Laxmi India Finance is a Rajasthan-headquartered NBFC, originally founded as Deepak Finance and Leasing Company in 1993-94 focused on vehicle financing, and later re-registered as an RBI NBFC in 2011. It now offers secured MSME/SME loans, mortgage loans (LAP), business loans, personal loans, commercial and non-commercial vehicle loans, tractor loans, two-wheeler and electric-vehicle loans, and wholesale lending. The company operates a branch-led, relationship-driven sourcing and collections model targeting small traders, MSME/self-employed borrowers and vehicle-loan customers in Tier II/III towns, with centralised underwriting and technology run out of its Jaipur head office.
Segments
close before → close after
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.
Guidance
5 of 8 judged targets kept · 7 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| NPA Reduction | get our NPAs on a below 1% in future | Q1 FY26 | Net NPA reduced to 0.93%, meeting the '<1% NPA' target for the first time. Gross NPA remains higher at 2.08%. | Achieved |
| AUM Compound Growth | expect a compound growth of AUM at around 30% to 35% annually over the medium terms. | Q4 FY26 | Reiterated guidance. Achieved 28% YoY growth, slightly below the 30-35% annual target range but still strong. | On Track |
| AUM Growth | 35% to 40% growth we are assuming for this financial year | Q1 FY26 | Achieved 27% YoY growth for FY26, below the revised 30% guidance. | Missed |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 15 tracked commitments, with each call’s wording and source.
Call summaries
Laxmi India Finance Limited Q1 FY27
Laxmi India Finance Limited reported a robust Q1 FY27, marked by strong AUM and PAT growth, significant NIM expansion, and improved asset quality. While credit costs rose due to stress in the vehicle financing segment, management is taking corrective actions and remains confident in achieving its profitability and growth targets, supported by a strong capital base and planned future capital raise.
Read the full callLAXMIINDIA Q4 FY26
Laxmi India Finance delivered a strong Q4 and FY26, marked by over 27% AUM growth to INR1,626 crores and a 38% increase in PAT to INR49.7 crores. This performance was bolstered by healthy NII growth, NIM expansion to 11.26% driven by reduced borrowing costs, and a one-off direct assignment transaction. The company maintains robust capital adequacy at over 26% and aims for 30-35% annual AUM growth and 40-45% PAT growth, underpinned by disciplined underwriting and strategic branch expansion.
Read the full callLAXMIINDIA Q3 FY26
Laxmi India Finance Limited reported a strong 9-month performance with AUM reaching ₹1,451 crores and PAT of ₹29 crores. The company is focused on MSME secured lending, expanding its branch network, and leveraging technology to improve efficiency and reduce costs. A one-off NPA hit from a direct assignment transaction impacted current profitability metrics, but management expects full recovery and aims for an ROA of 3.5-3.75% and 30% AUM growth.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +70% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 59 | 61 | 74 | 70 | 76 | 79 | 93 | 94 |
| Expenses | 20 | 23 | 24 | 24 | 29 | 32 | 29 | 33 |
| Other income | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 |
| Interest | 28 | 30 | 32 | 33 | 34 | 34 | 36 | 38 |
| Depreciation | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 12 | 8 | 19 | 13 | 13 | 13 | 27 | 22 |
| Tax rate | 26.0% | 23.0% | 23.0% | 23.0% | 26.0% | 25.0% | 24.0% | 24.0% |
| Net profit | 9 | 6 | 15 | 10 | 9 | 10 | 21 | 17 |
| EPS (₹ per share) | 2.07 | 1.47 | 3.48 | 2.34 | 1.80 | 1.92 | 3.93 | 3.16 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Sales | 245 | 318 |
| Expenses | 85 | 114 |
| Other income | 3 | 3 |
| Interest | 114 | 137 |
| Depreciation | 2 | 3 |
| Profit before tax | 48 | 66 |
| Net profit | 37 | 50 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 16 | 18 | 20 | 21 | 26 | 26 |
| Reserves | 111 | 134 | 182 | 237 | 409 | 439 |
| Borrowings | 411 | 615 | 767 | 1,137 | — | 1,337 |
| Other liabilities | 20 | 11 | 16 | 18 | 16 | 15 |
| Total liabilities | 558 | 779 | 985 | 1,413 | 1,567 | 1,818 |
| Fixed assets | 6 | 10 | 11 | 13 | 16 | 17 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 20 | 8 | 15 | 29 | 23 | 159 |
| Other assets | 532 | 761 | 959 | 1,370 | 1,528 | 1,642 |
| Total assets | 558 | 779 | 985 | 1,413 | 1,567 | 1,818 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -5 | -19 | -169 | -224 | -311 | -280 |
| Cash from investing | -1 | -20 | 5 | -7 | -18 | -134 |
| Cash from financing | 33 | 33 | 213 | 178 | 390 | 354 |
| Net cash flow | 27 | -5 | 48 | -53 | 60 | -60 |
| Free cash flow | -5 | -19 | -175 | -226 | -315 | -286 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Return on equity | 11.0% | 13.0% | 11.0% | 13.0% | 16.0% | 14.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Promoters hold 60.17% as of Sept 2026; institutions cut 0.02 pts since Jun 2026.
Named in the Sep 2026 filing
Every holder of Laxmi India Finance Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 41.51% | unchanged | |
| 8.21% | unchanged | |
| 5.00% | unchanged | |
| 4.58% | unchanged | |
| AIF | 3.82% | unchanged |
| 1.91% | unchanged | |
| 1.89% | unchanged | |
| 0.95% | unchanged | |
| 0.51% | unchanged | |
| 0.16% | unchanged | |
| 0.03% | 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.
Your own record
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